emehoke

emehoke

Earnings May 10th puts it right on the fringe of 2 weeks away territory. I have done a lot of other analysis techniques here, so if you are looking to generate your own novel position ideas, you should probably go through it slowly just to untangle so it makes sense to you. ---- the Fibonacci I am putting on the larger time frame, because those are supposed to...

emehoke

HP looks like a terrific stock to own for me. I would like to get in asap, but earnings on Friday keeps me on the sidelines. The indicators are not strong on the daily chart, but on the 4 hour they are like perfect crystalline formations. I had to zoom down and do my analysis from there. Am I breaking the rules a little? Yes, I am. Speaking of breaking the...

emehoke

Clearly it's in a long correction. Bullish divergence is seen on 2 of the 5 indicators we look for, which is good enough to get it buy listed. The post scan criteria factors working against us are that: 1) we are supposed to be above the 50 and 200 weekly MA's, however, we are messing around with the 50 MA at the moment, which gives indecision. 2) earnings is...

emehoke

This isn't super clean as of today, but it is setting up nicely to my eyes. For the long term buy and holders I'd say go ahead and hop in. For those of us cursed with the necessity of using stop losses, I'd like it to get a little closer to a lower level, or to show some more upward momentum before I can find a sensible risk ratio. For the most part I am just...

emehoke Updated 

Still riding VUZI. I am taking another look at the fibonacci's and found something really interesting in conjunction with the elliot wave 5 wave cycle. At the end of the previous 5 wave correction VUZI turned abruptly at the .5/.382 measured from the beginning of wave 1 to the crest of wave 5. Now we have seen another 5 wave pattern, and using the same...

emehoke

Seems heavy to me. I missed the first wave down, hoping to catch the second wave if it occurs.

emehoke

Trying hard to find a place to enter the market today. Just not seeing dollar signs anywhere. I don't know where my inner trader has gone today, but I am definitely missing it. Hoping tomorrow I can see some dollar signs, and not just the downside.

emehoke Updated 

Why is Nasdaq not selling off? Double top at all time high. Volume dropping in afternoon session. Double divergence. I see the averages are up... but what is the hold up? Where are buyers coming from?

emehoke Updated 

I don't know what it is, but I can't reach a conclusion on this. I really feel like I should be a buyer, but something is messing with me. Too many rules, not enough rules. Not really sure at the moment. Hate this feeling.

emehoke

It's a total mystery for me today. And I'm not looking to get in the hole early on a Monday, so I'm not taking anything I don't understand entirely. But, for the purpose of learning I think if I drew a trendline under the current extension I could score some points as price look's to find support eventually one might think. In moments of clarity I have been...

emehoke

Oil registered a reversal formation on the lower time frames. I can only post the 15 here so I am posting it with the 15. One thing to consider is it did this pre NY open and typically the NY session acts as an individual, so anything that happens before the NY open doesn't have to be taken into account much. But, it can be. I guess that's the tricky...

emehoke

Uncertainty in the market to me spells deeper correction to be wary of. FOMC announcement 2PM EST Wednesday. Rates expected to stay the same. Look for a bump if those expectations are confirmed.

emehoke

GM meets all of our criteria and has generated a buy signal. The 'press the button now' signal is then on the next green daily candle close, which has occurred. Add it to your watchlist, or get long.

emehoke

Not sure if this is the best play, but it has shown the previous attribute of moving up quickly.

emehoke

More time with the watchlist. I will be convinced of it's value eventually. Trying to identify a good turning point here is a little difficult because the 2nd peak of wave (5) tells us there's a higher probability this Elliot cycle could be finished and entering a deeper correction. But if it's not, then it is getting to a really good support area with incoming...

emehoke

I thought it was looking pretty terrifying at a glance, but after diving in it actually seems like it’s ready to put in a reversal. I wouldn’t just jump straight in, but it doesn’t look half bad. It looks like we have had three low taps with a possible double bottom at the .113 fib level. Maybe 11 pm on a Saturday isn’t the best time to be assessing risk....or...

emehoke

This is a good long term bullish stock for me, but I'm trying to play the stocks I think will be making decisive moves. This isn't it for me. The correction is too complex. I like to see a nice wedge or flag formation, and this is a continually descending. I think they call it a flat or an expanded flat. I would like to see it finish with a zig zag or a triangle,...

emehoke

I'm very bullish in my sentiment at the moment. I was having a hard time seeing the downside to anything as I was making my list so I have not included any new bearish setups. Many of the watch-listed tickers look pretty red, and I can't publish a hyper detailed markup for every single one, so please take that for what it is. Bullish Pullbacks: WBA, KNX, VUZI,...