Natural gas (28.01.2014) traded higher as per last report expectation. However heavy profit booking before rally disturbed the levels of stop loss.
Now natural gas march future is trading around $4.810 & as we can see on charts the over bought indicators added more space after yesterday profit booking session. However the correction was limited by 38.2% feb area...
I follow about a dozen breadth and other indicators and the vast majority are flashing extreme oversold readings so don't be surprised to see a major bounce come Monday and maybe into Tuesday.
Here are a few key ones:
Close to 90% of Friday's volume went into declining issues.
$TRIN closed at 2.05 and this indicates massive selling and a washout of...
This is being published purely as a what if. Market is decidedly neutral on low volume at the moment so anything might happen. That said however, it's quite hard to ignore a number of supports coming together in the form of a fib, ichi cloud, and channel.
IMO, the technicals are in place, the news will decide in the current market.
Very Strong buy on daily chart while in uptrend. GLUU also put in a buy signal on the Weekly and is nearing the top of the cloud on the weekly chart.
Glu has put up a strong buy 4 times in the last two years.
March 20, 2012 Stock went from 3.91 to 5.09 in 9 days.
Feb 6, 2012 Stock went from 3.84 to 4.68 in 3 days.
July 8, 2011 Stock went from 5.30-6.10 in 7...
First, I'd like to focus on the technical indications of ebbing market momentum. The S&P 500 was able to finally break through to a new all time high, but it has shown a lot of hesitance since then. This shows up in the divergence between price action and the MACD(higher highs on the SPX and lower highs on the MACD). The case for weakness is made stronger by the...
Signs are bullish as it has been consolidated nicely through the past couple of weeks. Weathering the 'storm' of our inept gov. Today will be a telling day for both the piss ants in the senate and house as well as $INO. $INO is hitting a bunch of trends technically...
1. major down trends (from the beginning of time) with the red dotted lines.
2. end of the...
DPZ has been doing amazing since 2009 and has no reason to slow down its solid strategy. It's taken YUM (parents of Pizza Hut) by storm and is reclaiming the Pizza market in the U.S. and now moving into Japan. I know this mix between fundamentals and technicals is not the norm on TradingView but warrants a mention. All economic macro variables aside, look for DPZ...
Fundamentally, there's not much out there to cause a steep jump in prices. I think this is mostly a technical move - the market was simply under priced.
Warmer weather forecasts for next week could increase demand or gas by forcing homeowners and businesses to use more air conditioning, but the South was expected to remain on the cool side, partly blunting the...
This is one sexy pattern on the $EURJPY, talk about the perfect storm!
There are three things i like about this trade.
1. Bullish divergence on Momentum and RSI.
2. Double bottom enabling a super tight stop
3. Completion of the Bullish Gartley pattern which has completed at lower at the 0.886 providing a Bat pattern like high probability limited risk pattern....
WATCHING FOR A TOP
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Why? Well, I just drove across the country (Tues-Wed last week, 1800 miles in two days) westbound from CT to CO and I saw nothing but very dark, green, leafy soybean plants the whole way across route 70 to Kansas and across route 80 to Greeley. My guess is that soybeans produce far greater than expected and...
Is trend your good friend? My technical indicators show me no signal to buy. More interesting is fundamental situation. Penetration 60,7%. The company reported revenue growth of 50% and also increased its margin, bringing growth in net income to 76% against the same quarter last year.
