fallingumbrellaman

fallingumbrellaman

Huge monthly triangle on this ETF favorite. Currently a nice inverse hs pattern is in motion. Target is conveniently measured right at the upper trendline. Would be really awesome to see it breakout this year.

fallingumbrellaman

I posted earlier about what looked to be a sweet looking copper ihs continuation pattern on the verge of triggering. Well it's looking like an utter failure of the bulls to take advantage. The up trend line from last October might be busted for reals, a lower low will confirm it in my mind. Will be looking forward to seeing if we waterfall overnight.

fallingumbrellaman

This is a straight forward setup where we are seeing a possible longterm reversal breakout in copper. This could blast at any moment OR it could just as easily reverse and fail miserably. I will wait and see how we look on Friday COB.

fallingumbrellaman

So the DOW is leading the NDX and S&P to the measured move target. This is where I become more cautious in managing my longs. Not to say we don't move higher through 2017! But based on past performance of all indexes and stocks for the last 100 years I expect to see consolidation soon.

fallingumbrellaman

I think oil is set to blast off. The indications are clear in the prices but I also think fundamentally - not based on the current ratio supply and demand of oil necessarily but in the geopolitical uncertainty that lies ahead. If the USA proceeds with "defending" the South China Sea as promised by the leadership, we will see oil prices react.

fallingumbrellaman

It's great so see a nice pattern breakout and follow through like this. Although not quite at my target it looks like we might hit it. I think eventually something is gonna give fundamentally(global chaos/uncertainty) and we will enter a chop period after reversing to the 50 dma or something like that. However I don't get to focused on what might happen, only what...

fallingumbrellaman

Weekly close pretty much right at ihs neckline. I will have more confidence if we see a solid hold above the highs of the right shoulder.

fallingumbrellaman Updated 

I love big bases and I cannot lie. This is looking awesome but I would feel better going long with a stronger close on the daily instead of an inverted hammer. $MSFT looks very similar check it out.

fallingumbrellaman

This is looking like a legit breakout attempt with decent volume. I love this play because there is not much overhead supply. Hoping for a strong close into the weekend.

fallingumbrellaman

I really like to see the kind of wide agreement we are seeing in price action among the gaming stocks. I'm not yet willing to buy into this but am feeling a blast to the upside coming especially with the big inverted head and shoulders in motion.

fallingumbrellaman

This track is on repeat. We are seeing oil stock prices breaking out of consolidation. The time is nigh.

fallingumbrellaman

Looking for another leg up here. Like $PENN I am feeling that we are going up but as always will wait and see.

fallingumbrellaman

Looks like one of those big head and shoulder/triangle dealies to me. See if it breaks up or down. I'm betting up but will wait and see :)

fallingumbrellaman

Pretty much looking like $COP breaking out of a bull flag. Tomorrow will tell if this is for real. To me it's pretty clear price is going up for now

fallingumbrellaman

Been long COP for awhile. It is in an uptrend. Recent short term consolidation looks to be breaking higher today. Based on the price action I am super bullish on oil in general, especially American oil stocks given the new political situation. There are so many opportunities this is only one.....

fallingumbrellaman

Looking like a HS bottom about to be triggered in another bullish sign for the REITs

fallingumbrellaman

This HS bottom has been triggered. Cup with handle forming just above neckline. Seems like a definite poss. If you like this check out HOST and other like industry names also looking good.