djflowmaster

djflowmaster

Bitcoin is a very unique opportunity in the financial universe as it presents a possible change in how we value currencies and how we use currencies itself as we may well move from paper currencies to this new world of digital currency. That being said about the tremendous value of this new currency......you still have supply/demand and basic market scenarios...

djflowmaster

Looks bearish on the daily here even tho AAPL has been stronger stock as of late. Showing an inside day doji candle w/ a neg. close from the open which shows indecision to bearish sentiment. If strong stocks breakdown or leaders of the market then what does that say about the market in general? Could be an early sign of a retrace in the markets or at least a...

djflowmaster

Looks bearish on the daily as it is showing a Macro HnS pttn. that has broken to the downside of 108.50 lvls. A possible tgt. w/ the extension of the move to around the 82 area as the 2nd tgt. area. Also, it is showing a bear flag pttn. as a follow-thru pttn. to the HnS pttn. w/ an extn. of that pttn. to around the 90 area as the 1st tgt. As always volume is key...

djflowmaster

Looks bearish along w/ a lot of other momo stocks with the market still stuck in consolidation at the moment and in a 6-8 month range. With this market uncertaintity as far as the direction of the market.......many momo stocks are breaking down. As a risk/reward setup.......NFLX looks like a short right now as it has b/o to the downside of the immediate uptrend...

djflowmaster

Looks bullish here as it has been in a consolidation range ever since 1/14' and has for the most part been btw 15-18 zone. Financials have come back stronger this year and with interest rates set to be raised soon which could lead to better earnings from banks......financials are set to continue to be strong. For BAC.....it has been stuck below 18 lvls. ever since...

djflowmaster

Looks bearish here as it has b/o to the downside of the intermediate upward trendline from 4/14'. It also just had an outside bearish engulfing week 2 weeks ago and has been trending lower as it is testing major support lvls. Also has been in a consolidation range for almost all of 15' & can't seem to break out to new highs which this consolidation could actually...

djflowmaster

TSLA looks bearish here as it has b/o to the downside of the intermediate upward-sloping trendline and is forming a bear flag pttn. w/ rising selling volume. The continuation of the pttn. would take it to a tgt. of around the 246 lvl.

djflowmaster

Looks bullish here as it is showing a bull flag here after it hit the extension of the move of the recent inverted HnS pttn. The bull flag pttn. here is working as a continuation pttn. or follow-thru pttn. and if it b/o's of the pttn. & is valid then the extn. of the move would bring it to the tgt. zone of 91-92.10. As always watch the overall mkts. for how to...

djflowmaster

Looks bullish here as it is touching the top trendline of the downward sloping channel that's been in place since 9/14'......it is at this big resistance lvl. of the upper trendline of the downward channel and could b/o thru this week w/ tgt.#1=216 & then tgt.#2=220. Had a pre b/o day today w/ larger positive volume than yesterday......as always watch volume for...

djflowmaster

The Euro looks bearish here along with oil. It has been in a macro downtrend or downward parallel channel since 7/08' which only accelerated the downtrend in 9/14' with the accompanying rising dollar and falling oil prices which the rising dollar is inverse with most currencies and oil. Right now.......the Euro is consolidating along w/ Oil & USD. When USD starts...

djflowmaster

Oil looks bearish here on a macro timeframe. It broke down through the upward macro sloping trendline around Aug. and then thru the 50 dma in Sept. and has been in a downtrend ever since then. The fast decline and bear mkt. caught many by surprise. Oil is currently showing a macro bear flag pttn. w/ tgts. being in a range of 27-16 lvls. depending on where you draw...

djflowmaster

Looks bearish on a long-term timeframe.......looks like a macro bear flag pttn. w/ a tgt. of around 80 for the extn. of the move......of course if it b/o of the upper trendline around 125-126 to the upside then the pttn. is not valid.....if it trend down to the lower end of the range & then b/o to the downside of the pttn. around 110 then it could go to the tgt....

djflowmaster

Looks bearish here as it has a HnS topping pttn.....and has b/o to the downside of the intermediate trendline from around the start of 14'.......if the pttn. is confirmed then the tgt. is around the 96-100 zone.......GMCR does have earnings tho tmro. so that is always an unknown.......SBUX did recently have a positive earnings but you nvr. can know.......as...

djflowmaster

Looks bearish here as it has b/o to the bearish side of the intermediate term trendline from 10/12..........also is at some major support level around 1070.......as they say price tends to tests levels several times before breaking them......this looks like lots of distribution at the top of the long-term bull trend.....if it b/o thru the lvl. of 1070 then this...

djflowmaster

Looks bullish here as it has a cup n handle pttn. and a flat-top b/o pttn......looks like it b/o of the 17.62 lvl. & looks to continue to the upside w/ a tgt. of 20.50 for an extn. of the move......as always watch volume for confirmation

djflowmaster

$GOOG looks bullish here as Inverse HnS pttn. could still be in play...extn. of move would go to tgt.#1=590 which is also a big R lvl......as always watch the mkt. for price lead and volume for confirmation

djflowmaster

Looks bullish only for a possible short-term bounce back to the support level around 25.......put in a doji candlestick on capitulation type volume......watch to see if it can have 2 up days in a row for any signs of the reversal back to 25 lvl.

djflowmaster

This is a re-posting of an old chart back on 3/5/14......markets still look bullish as the long-term charts have not shown any sign yet of a bearish reversal.......stay long until there is a reversal in the markets.....as they say......follow the trend as the trend is your friend