chrisbrecher

chrisbrecher

Broadening top forming in the DAX. Doesn't mean to short it , yet.

chrisbrecher

GOOGL really needs to hold here, or 600 is possible.

chrisbrecher

I'm watching the major trendline next week. If broken, look for the spx500 to go to at least 2036.

chrisbrecher

IYT was a great short every time it was overbought when it was under the 49 M.A.. Now overbought readings can't be trusted for short initiations.

chrisbrecher

AAPL is notorious for filling gaps. Look for the gap under 115 to be filled.

chrisbrecher

Note the difference between CSX chart in late 2012, compared to now.

chrisbrecher

Daytraders deal in probabilities. I would rather short LNKD on the way down, at 250, than on the way up at 260.

chrisbrecher

Last update only included one chart.

chrisbrecher

While UAL and AAL have been in mini bear markets, JBLU has been in a mini BULL market. IT was no surprise UAL and AAL sold off on good earnings.

chrisbrecher

Don't get stubborn and short too early. Wait for price action to signal entries.

chrisbrecher

After the failed rally in UAL earlier in the week, odds were that AAL would fail as well.

chrisbrecher

SPX is 837 points from it's 200 M.A. on a monthly. Only time in the last 20 years it has been this wide was in 1999 !!!

chrisbrecher

FIT had a textbook intra-day H & S bottom, good for 1.6 points.

chrisbrecher

Multiple reasons on this chart to lean towards SPX trying to probe 2100 today.

chrisbrecher

Our "teflon" market is about to get a reality check, if interest rates start spiking higher from here.

chrisbrecher

With a squeeze about to be released, look for the DAX to test 9990.

chrisbrecher

Once an identifiable trendline was established, TWTR was a buy on a break above it.

chrisbrecher

Many professional traders are watching the action of the VIX and the DAX for directional clues today. Also TLT is holding up.