On Daily chart pair entered into consolidation after move up on QE form BoJ.
On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down.
Stop above 102.150,
Target...
From the beginning of the year gold was in uptrend from $1179 to $1392 (around 20%) then sold off from highs but found some buying support $1268-$1278 (around 50%-61.8%).
ENTRY:
This pullback is still controlled and with this
1) doji candle bounced off from support zone it gives me entry with tier1 then
2) I will add if it will hold above moving averages...
US markets (Dia, Spy) are trying to push to new highs. Money rotates to safe heaven, high dividend, large cap stocks (www.cnbc.com).
Cisco is component of both indexes DowJones and S&P. It built nice inverse Head and Shoulders pattern with neckline @ $23.60ish area. And we have series of three higher lows: first is bottom @ $20.22 then right shoulder with...
Markets act very healthy as money rotates to safe heaven, high dividend, large cap stocks. (more analysis on markets in link chart)
Yeasterday tech giant reversed from lows and closed near highs, means that buyers took control and regained important support at $39.
Today it triggered ENTRY LONG above previous hod @ $39.51.
STOP below $39 and $38.50
TARGET...
This major cap biotech company borke its major support at $150.
Now it acts like resistance.
ENTERING with tier1 here with STOP above $150 and will ADD through $144 for a poential move to April's lows at $134-$136 (first TARGET)
IBB (biotech ETF) looks very weak.
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86.
That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55.
BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve...
Apple (AAPL) was down yeasterday 1% . In the morning it went through prev high of the day and gave another $3 up move but reversed and get back below our pivot point at $601 with engulfing bear move right to $597.29. I started to trade it for Short on retest of failure point at $601 and when it confirmed resistance there from another side it built some...
This retailer broke down t-line that was intact since April 2013 with powerfull gap with pivot resistance at $70.51. It signaled about change of sentiment. THere was nice bounce play from that resistance on 4th of April and from there formed intermidiate downtrend form one side and higher lows from another (indecision, wedge).
Overall market is sitting on...
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind.
Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...
Pair found bottom after downtrend and sentiment changed to the upside. Now it is flagging/consolidating. Need some catalyst to attract more active buyers and investors. Interest rate decision tomorrow could be one of them.
I will put feeler here with STOP below support zone at $0.92500 and will ADD more through $0.93000 on break up of
"handle". Potential TARGET...
