The beginning of a high-quality uptrend.
AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS. 1) Stochastic Oscillator Overbought ready for short movement. 2) Trending Channel breakout. 3) Take Profit between 38.2% and 50% Fibonacci retracement. NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST...
So another trucker company is going to reporting this week. This company continued to $60 but, flipped around $63.64 and never looked back, I really like this company despite the problem in the oilers. I think this company isn’t going lower I like it here and It’s looked like a buy.
gas last week, and the brakes failed
200ma has been a key area of support-turned-resistance as JBHT now looks to be in a downtrend. Recent rally showing declining volume has approached this level, and %R showing overbought. Looking for a reversal candle in the next couple of sessions to short.
From a quick Dow Transports DOWT scan, I can't find a more parabolic point move since 1992. It's great that the transports are running the markets to new heights. This means U.S. economy is recovering faster than the Federal Reserve anticipated. However, this might mean the Federal Reserve might have to end Quantitative Easing much sooner. This could lead to...