CVX Bearish pennant seems to be holding. Moving into earnings now. CVX is in a weakened position, will of course oil, slumping...but also strong dollar exposure. CVX has a bunch of big gas projects overseas (Australia) and the strong dollar, weak gas, and high execution cost overseas may just be the drag to break it to the down side. Volume is nice here...strong...
I was inspired by a really poorly done analysis showing the current administration's (huge successes) policy on the markets and jobless claims. Basically making the claim about how much further we can still go with jobless claims. Also wanted to play with utilizing Quandl data within Tradingview. So, I took a step back (because they only published the last 5 years...
Finally, your cup of Joe may start getting cheaper (in 6 more months), commodity prices set the current contracts which usually don't arrive for 3 to 6 months. Maybe time to start locking in for 2015
As a fundamental story, this stock is worth $50, but a big CAPEX program and recent M&A has hurt the profitability. No funny share buy-backs being used to buoyancy the stock (good). Combine that with China weakness and you've got a beat-up stock (great). We are pushing down to a key $33 level, established now for about a year. With some long term technical...
Long term general commentary, this dog has been in a huge bear trend, it tried to break out in Apr, failed and is testing now...So I plopped the Ichimoku Cloud on top and sure enough, a great potential setup here... 1. Got a test of the lagger line (reference: bear hook) 2. Got a test of the standard line against the bottom of the cloud. 3. Analysis by Tim also,...
This indicator was originally noted in the tradingview help forums. Noted from "Google's Finance Site," but they use a modified (using EMA instead of traditional SMA) slow stochastic with the %J equation (%J =3 * D – 2 * K ). I can't find any references to the origins of the %J equation, but it is noted in several other online sites. getsatisfaction.com So, I've...
Saw this post from www.tradingview.com and wanted to do a little research, Plenty of selling into the upper band (with previous healthy volume), today (and past two days) we have a low volume build up and breakout (today). Thinking this will fail (no volume associated with move up on shorter time frames), and then fall back to the lower support at the 9.00...
This indicator was developed by Roger Altman and was introduced in the February 1993 issue of "Technical Analysis of Stocks & Commodities" magazine. The RSI was developed by J. Welles Wilder and is discussed in his book "New Concepts in Technical Trading". Get the source here: pastebin.com Installation video by @ChrisMoody here : vimeopro.com After I got done...
Master Card has had a great run, and now we've got a tremendous amount of new volume post split which has added to the volatility of the stock. Combine that with "this quarter's dooms day sayers" for stocks and we have a nice story to begin building a position in this stock. This is not a bottom call, but for all of those longer term investors, its a call to...
Down in the near term, looking for a strong volume day around the 1780 to 1800 range to get back long. Tie into the one of those TQQQ if you feel lucky (like picking a bottom).
Ruckus Wireless has closed into is gap down region. Recently spent some time putting in a based and fighting resistance at $14 mark. Broke above that on 4 good volume days to close within a gap region. You've also broke a longer term downtrend (red), and could start to test to move above the 200MA. You've got a nice region of support at $14, trending up, OBV is...
Coca-Cola (KO) A nice bell-weather has closed (2-days now) below the upward recovery trend established in 2009 @the BTM. Add'l OBV has been on a downward trajectory most of 2012, breaking the two uptrends from 2009. There are fundamental reasons for the decline, 10yr rates are competing with it 2.8% yield and elevated PE ratio. I beleive that the stock will...
US Steel, Previously noted as a range bound trade. It nearly full-spanned the previous range, so good for one trade. All previous positives still remain in place. Good OBV breakout now, vs. 4 previous tests at this level, RSI and Fisher also still point north and respected the previous uptrend support levels. It could breakdown north, has stronger volume on...
SLV held the 17.77 ($18 Fib lvl) and has put in a near term base with nice heavy volume. Volume is dropping, but if the OBV can start trending up, we might have found a BTM. Lots of resistance looking up, but a good upside with your base @$18 established. Ending QE-Inf and economic concerns may provide the upside momentum, along with longer term...
Still a dog, but a trade none the less. Long term I don't think is has found the bottom, and for-sure has not turned it around, but short term, a nice way to pick up 10 to 15% over a month period. *Nice range bounding trading opportunity (albeit declining) *You've got good volatility, with a nice strong bottom (albeit declining) *stuck in a declining wedge...
Looking for a short term play only...not buy and hold. Nice steady 22 bar cycle noted and highlighted. Next week or week of 8/12/2013 has a healthy amount of news to move the markets in either direction. This should drive Volatility getting you a 3 to 5 day move up, and then dump it. Looking at stepping in over the next two weeks on dips, and watching for the spike.
Thanks "andrewunknown" www.tradingview.com Just wanted to take a look at where a normal business cycle would take the markets. Historically, bear market corrections happen at a rate which is 3-times the bull market recovery. The slopes of the two corrections and recoveries over the past decade seem to be in line. We appear to be tracking a similar recovery...