jmtbernardo

jmtbernardo

Potential upward movement, because the inverse head and shoulders pattern. I see two trends on daily time frame. The longer trend is bearish, and the shorter trend is bullish. I have draw the two necklines, because I m not sure which one is trust worthy. I created this chart to learn more about the head and shoulders bottom pattern, specially the neckline of it....

jmtbernardo

I was bearish before, but now I m bull, because this channel continues to be intact, and it just made a new high on May 3, 2013. I realize that even though the fundamentals are weak around the world, the Federal Reserve Bank will continue with their aggressive monetary policy. Thus, the market will continue to rise as long the Federal Reserve Bank is supporting...

jmtbernardo

I MESSED UP on DIVERGENCE. Ignore the chart.

jmtbernardo

This chart was mistake, good source to learn from it.

jmtbernardo

Large gaps are not sustainable for long periods of time, so usually they are followed by a counter wave. After the counter wave is done the stock will continue to go down trend or be flat for period of time. This counter wave gives an opportunity for option traders to buy contracts at cheaper premium. Also to put into consideration is that April options expiration...

jmtbernardo

Now it is testing the first support level if it breaks it. The next support level is approximately at 154.30. We recently had a report that China GDP slowed down and it is taking tremendous affect on commodities specially metals. If futures continue to drop dramatic expect, S&P500 to drop as well. finance.yahoo.com

jmtbernardo

This stock broke through a key support and currently making lower highs. At moment the stock is trading below 50 moving average and has a breakdown from a descending triangle pattern, which indicates that the stock should head much lower. MACD and RSI at moment can be used as signal confirmations to short the stock, just look for the line to cross down the support...

jmtbernardo

This stock broke through a key support and currently making lower highs. At moment the stock is trading below 50 moving average and has a breakdown from a descending triangle pattern, which indicates that the stock should head much lower. MACD and RSI at moment can be used as signal confirmations to short the stock, just look for the line to cross down the support...

jmtbernardo

This stock has peeked with a negative divergence and it is currently trading below the 50 moving average. At moment it is making higher lows with a falling wedge chart pattern.

jmtbernardo

The most recent report from corn indicated that farmers planted large quantities of corn, thus drove the price of corn down. At the moment we have a descending channel and a death cross on this stock. I expect to go much lower to around 35.66. My strategy is simple, as the stock makes lower highs I will put stop loss until reaches my target. Source etfdailynews.com

jmtbernardo

This support line is extremely important for the bulls to hold. If a breakdown happens expect this stock to go much further down. Also the RSI is indicating strong bearish momentum. Futhermore, acccording to Wall Street Journal this company is being impacted by low demand for steel, and facing intense competition from low-cost foreign producers and top of all...

jmtbernardo

This stock has broken through a major key resistance. Wait for it to break the next resistance, and for RSI signal to go long. 17.69R

jmtbernardo

On daily time frame this stock has a negative divergence, but at moment the monthly and weekly charts show that the stock is on a bullish mode even thought the stock is making lower lows on those time frames. Therefore, wait for price confirmation and RSI signal to pull the trigger if you want to go short.

jmtbernardo

Very recently BBY has shown a strong momentum. The main factor to consider in watching this stock, it's the 200MA and 50MA, both are getting really close and have the possibility to form a golden cross. Therefore, keep eye on this stock!!!

jmtbernardo

This stock has been gaining some territory on the last 5 days. At moment it broke out of the resistance line. The next resistance is approximately at 10.87 if breaks out of that resistance, I expect to go all the way up to 13.57. If the stock is not able to break the resistance lines, it will probably go down. 1 Day time frame the stock is overbought, so be...

jmtbernardo

Possible pattern on the price movement. Resistance on Fisher, RSI, and MACD is broken. The stock is signaling mixed signals, lets wait bit longer and see what happens. I just published this chart to study the chart not to predict the future..

jmtbernardo

The 100MA has possibility to act as a support line, so keep eye on it. The indicators RSI and MACD are making new higher lows which is evidence to prove that there is a positive divergence in XLY.

jmtbernardo

MACD and RSI has positive divergence on this stock. Also the 200 Moving Average is acting as a support line accompanied with consistent bullish volume. Fundamentals look good too. finance.yahoo.com