SLOPolarBear

SLOPolarBear

Broadening formation expansion. Consistent with hourly and weekly time frames.

SLOPolarBear Updated 

Not ready yet! Watch for a double-bottom divergence on RSI/MACD. That will trigger a massive increase in volume to push us up above the handle. A break above the rim is confirmation. I'm personally interested in allocating 5% of my portfolio to this anticipated move in light of US/global monetary/economic conditions. Looking for a BUY signal around 1550 give or take.

SLOPolarBear

Opened a position on Tuesday after that second bounce off the 200 period moving average. Price action has held above the 8 EMA after an anticipated pullback and bounce. Today we see 8 EMA and 20 MA x-over. If you're looking for an entry, consider the 8 EMA (pink line) or first pullback to the 20 MA. Cheers!

SLOPolarBear Updated 

This stock tends to form double-bottoms months apart. I'm projecting a 2nd pullback to give us our second bottom. This stock has has a very strong year and when it bottoms it bounces are hard and fast. To boot: it's a Swiss company wish gives you a bit of hedging against the dollar. Keep on your watchlist. Cheers!

SLOPolarBear

The consolidation is well underway. Notice the negative RSI/MACD & increasing selling volume. If you're looking for a long-term entry, be patient and wait for Apple to dip to $100-110 before entering, We're clearly inside of a bull flag on the monthly chart, and technology as a whole is continuing to draw down. A hard selling week could push the candle wick below...

SLOPolarBear Updated 

Let's see her bounce. Potential inverse H&S setup.

SLOPolarBear

Watchlist for April. Considering long position at bounce off the bottom of this pennant.

SLOPolarBear Updated 

VIX is running hot right now but I'm liking what I'm seeing here. On my watch list for Monday. Looking for strong support @ $246.80. Keep an eye on bank stocks -- if they tank hard, BRK.B will follow.

SLOPolarBear Updated 

Mild RSI/MACD divergence on the 2D chart -- may break thru! Looking at the candles going back a few months, we've got a nice broadening ascending wedge (watch for H&S formations). Flirting with a double-top right now. I'm content to sit back and wait for a solid re-entry somewhere along the lower support line or we reach another over-sold zone. Thinning some long...

SLOPolarBear Updated 

Anticipate more red next week (sometime around Tue-Thur). Might get a little rallying Friday and Monday.

SLOPolarBear Updated 

Sellers are backing off slowly. They could easily ramp up again tomorrow - volume for the first day of the week is consistent with the last two weeks. I'm expecting more red to follow. Considering opening a long position here if the signals are strong and we get a nice bounce. If price action lingers at that double-bottom watch for a quick break below. Everything...

SLOPolarBear Updated 

I'm not currently short -- completely in cash -- just tracking the trend. All technical indicators point downward towards the bottom of the broadening descending wedge . That long wick bounce off the lower trendline is calming for some bulls who are looking for a potential long entry. However, it's also a major inflection point to a previous double bottom we...

SLOPolarBear Updated 

So up until this AM price action was in a position to break out and above the clouds. Unfortunately, a confluence of factors have us rejecting that breakout. My experience with the 4-hr charts and Ichimoku clouds is that price action tends to flow from edge to edge. My current target is ~$381.70. I'm short @$385 with a $386.64 stop loss. I wouldn't recommend...

SLOPolarBear Updated 

See chart.

SLOPolarBear Updated 

Consider buying around the base of this descending triangle (~145). Divergence on MACD/RSI implies breakout above. Use a tight STOP (low for the base).

SLOPolarBear Updated 

Look at the expansion in the MACD /signal lines. We haven't hit overbought yet. If you step into a weekly chart and examine the last few major advances in the market before 'peaks' (2000 dot com bubble for instance), note that there is negative divergence on MACD and RSI well ahead of the actual peak. We've barely hit the base camp to look at the summit. Does this...

SLOPolarBear Updated 

We were in a pattern on Tuesday that price action broke out of (lower). This is the dominant consolidation pattern AMD has been in. This stock is on my shortlist of stocks to load up the truck if it pulls back to its 200 MA on the daily chart (pictured). We still have a ways to go. The question is, will we meander sideways for a while to let the average catch up...

SLOPolarBear Updated 

Watch & wait. Pretty strong (and long) negative divergence on MACD and RSI. Price action has quite a ways to fall if we're going to stick to the script Apple printed us. I'm looking to buy at the lowest low. Not shorting, but that would be the trade if I were obligated to be in a position.