daytraderkent

daytraderkent

12-31 27.30-27 entry. Have wedges on both daily and 60. Not yet oversold of daily so watch for pull back a little yet. Notice recent support around 27 and new trend line (red) starting to form. Less risky entry would be around 25.20 and lower trend line support. We could see a nice break out above the trend line to 30.

daytraderkent

12-12 UPDATE to my previous posting. Looks like the H/S topping pattern is playing out vs. going long. Got a break of the neck line today and not much support underneath. Could this free fall for a while yet?

daytraderkent

12-10 Potential sweet spot. Three trend line intersection. A little more risky but watch for a strong tech day and first bounce of Stoch. Could easily see $2. If a fail of these trend lines occur, we could see a big drop as we have a H/S top

daytraderkent

Interesting chart. Made a bullish hammer on 12-6, has two trend line supports. Will watch for Stoch cross over. Might scale into this Friday to see if we get bounce. Otherwise, a move to lower tend line is a lower risk entry.

daytraderkent

12-1 Would love to see this come down to 40.65, lower trend line. Adding to watch list for next week as stoch and trend line touch have been working well. Only real negative is daily is getting overbought. 12-3 UPDATE Getting close to buy zone area around 40.70, bounce off trend line. Could get a 50 cent scalp.

daytraderkent

Overbought on 60 & Daily. Notice Big volume and selling pressure on Friday. Looks like a potential short if we open weak on Monday or early in the week. Also, see CAT potential short.

daytraderkent

11-30 Getting overbought-looking for short on weakness in market Also a downward wedge is shaping up which could be bullish after one more pull back to lower trend line and oversold Stoch, then will watch for channel breakout of the wedge.

daytraderkent

Potential $1 move on WYN. Oversold Stoch with cross over and holding support off recent low of around 48.25. Potential move back to upper trend line of around $49.50

daytraderkent

Time to short today or monday. Market strong today so could see a move up yet but think we will reverse as this channel has been working well. Could see a 50 cent move down to the 16.20 by next week. Broke channel line but still think we will see a pull back and then we could ultimately go higher.

daytraderkent

Got oversold quickly but price did not move down much. Nice daily set up with Stoch just crossing over on 60 Add to watchlist and wait for a day when financials are leading and if it holds the 20 MA. Second option is pull back to the lower trend line at or around 39.70

daytraderkent

DE pull back based on earnings but DE never is exciting about earnings. Nice triple intersection of trend lines could see a move back up next week 60 min oversold, don't expect much today add to watchlist for next week.

daytraderkent

Good chance of breaking upper trend line with support underneath. Plus Stoch already oversold and getting cross over. Daily also oversold. Like to see a break of 86.25. CRM reported good earnings tonight so this could breakout some on Friday

daytraderkent

Looks like we are rolling over on the 60. A move to 48.22 would be a nice entry. Might short down to this level if we don't follow through right away in morning. Can get 75 cent scalp. Daily looks good w/double stoch all over this at 48.22.

daytraderkent

JNJ 60 min Overbought retracement

daytraderkent

JNJ ready for another move up. Like the flag and lower trend line.