tl;dr I am short this week and next week. Expect support at 198.
4-5 large volume selling days in the last 8 days.
The last 2 days were very bearish candles with closes near the lows.
Broke though the 208 support on Friday without much resistance. It will be interesting to see if it is still considered for resistance in the future.
Has broken 10,20,50 dma...
Now $XBI is correcting itself.
Originally it was up 2% w/ above average volume already early in the day.
It now down to only +1.38%...pennies and nickels right?
$UA breaking out.
I'm thinking about entering a long position, I like the tight consolidation after a strong up move.
May wait for it to touch the 10-day MA.
I would definitely consider entering a position if it corrects and successfully tests 74
$EDC forming upwards triangle.
Constant retest of resistance, with higher lowers gives me confidence it will break upwards.
If it does break upwards, I do expect the next resistance to be 28
For confirmation, I would like $EDC to close above last high of $26, or close above 25.44, and retest 25.44 as support.
$DRN has a long trend upwards, but started a prolong correction late Jan 2015.
$DRN has broke below both 10 and 20-day MA w/ very large volume, and broke below the 50-day w/ increasing volume.
There will be a test on the 100-day MA in a few days.
$BRZU down on increasing volume, but held the 6.84 support and below 10-day and 20-day MAs.
50-day MA will act as a resistance on the top.
Trading in a range w/ a false breakout on Feb 11.
Lots of reasons why it won't break up. I am betting the BRZU will break down.
SPY is trending up on 1hr, 4hr, and 1d charts.
I want to see support around 211.31 in the 1 hr chart.
If that fails as a support, I would expect the zone around 210.45-210.66 to act as support in order to keep the trend.
The next support is 208.92
Fundamentally, Yellen said she is going to be patient w/ raising rates, so I think the market will climb higher w/...
4 wks ago UA broke past resistance in a 22-wk consolidation.
That past few weeks, it has been testing the old resistance as a support and successfully held above it.
I believe the breakout price is @73.
With 8% stop-loss below the breakout price: @67.
With current price @75.66, +3.6% above breakout price, I am hesitant in placing a position. But 3.6% is not...
DIS increased today steadily, correcting slightly, the continuing up, and flattening at the top.
Volume has been increasing slightly the past 4 days, but still below the 20-day MA.
The last 3 days, the closes and opens were tight. This indicates a brief pause, and that owners are not willing to sell at a lower price. The recent run indicates the strength of the...
