imdp

imdp

If new highs are in order here we'll need to see this setup (or another attempt emerge) trigger sooner than later. Patience is in danger of running thin in the bull dugout and bears have stalked their prey with incredible diligence. Inability to take out new highs fastidiously could signal to bears that the buyers are done for now and that the coast is clear for...

imdp

Dollar Yen made a bearish break in early trade on the morning of July 26th. Next conservative support area resides nearly 4% lower around the 95 handle.

imdp

Just when we bears started to get excited that maybe, just maybe, the bull was ready to take a breather; another cup and handle appears in today's intraday setup. Many of you will recall I've not taken 106 off the table and it now appears Mr. Market wants to take one more shot at it. Ironically, this is the cleanest setup we've seen in some time. I hedged my...

imdp

Two day intraday breakout wedgie trying to get something going here. A break above declining trend line resistance targets 16.30-16.40. Trade it with caution. "First it giveth then it taketh away..."

imdp

Dollar Yen at a crossroads - the next move could have major implications for both bulls and bears. Stay tuned!

imdp

IWM will probably go to 100,000 sometime before the end of the year. But, it has to get through here first.

imdp

IWM slipped ever so softly below its catapult trend line just before this afternoon's close. Could be something, could be nothing; but it's a new wrinkle in what has been 3+ weeks of wrinkle-free trading.

imdp

iH&S/Cup+Handle breakout into resistance. This one's not ready, folks. Let her come in before initiating long. Possibly a 12% +/- short setup from here.

imdp

Written for and shared with Minyanville's "Buzz & Banter" subscribers today: As time progresses we can see how the anticipated trend line tag above current price rises the reversal level ever so slightly. $105 to $107 is about where we should expect to see the parabola peak. A trend line tag isn't necessarily baked-in, but it usually tries its damnedest to get...

imdp

Playing around with ABCs and trend lines. Interesting result if it holds true, Purely experimental.

imdp

GOOGs technical setup looks promising vs. a short AAPL position. This trade is relative only to the two names mentioned, not to the broad market.

imdp

It's so simple! (kidding, kidding) As one can see, GOOG is bumping up against an area where it's had a difficult time breaking trough, thereby offering a sell signal. However, notice that support has been rising for some time despite GOOG's inability to break through historical resistance. Sell for now and wait for the pair to come into support before resuming...

imdp

Pair trades are a great way to view relative performance (strength) of a potential stock vs a sector or index. Apple is in danger of breaking below "par" - signaling a potential death spiral vs the index. Risk reward isn't there to justify long AAPL. SELL

imdp

Looks like it triggered. Target $882 - but running out of time before close.

imdp

We should see the following areas of support hold should the incredible relative strength wane. As support areas break, the next lower areas of support become targets. $106 still in play on the upside via Cup + Handle breakout measured move target. I don't particularly like the setup that took us to these new highs and do have reservations as to whether it is...

imdp

Watch this spot for a true break and follow through.

imdp

Not a very healthy chart for Google intraday today. Could have implications for the broad market. Head's up! Good luck out there! Have a great weekend everyone.

imdp

This could work out a number of ways, but keep in mind $106 is still in play. Today's S2 pivot aligns nicely with the lower trend line support. This chart should be considered in tandem with my previous eWave chart from Friday (on IWM). We'll need to see a sustained break here as the bulls have spoiled more than one good bear signal the past several weeks. ...