2bigbrowndogs

2bigbrowndogs Updated 

I trading this the other day in an out for a 2-3 day scalp. Trucking has been a fairly robust relative strength industry lately. Yesterday YRCW closed right on the 200, Today it opened on the 200, fell down to the 50 on the nose, then finished near the high until the closing power hour when everyone liquidated. This is a perfect cup and handle on the daily.. ...

2bigbrowndogs Updated 

TAL - Education stock, possibly online education - B/O pullback to resistance. Has large overhead open gap to fill.

2bigbrowndogs

BABA - Chinese Amazon - 2 really strong days, closed well on each day. Breaking out of a pennant and there is an open gap up to 200. Not overbought and decent volume coming in. Earnings are soon.

2bigbrowndogs

We had a double bottom off a long term trend line, which coincides with the 200 on the weekly's. Stock and Macd look great on all charts. Looks like friday was a bullish reversal that needs confirmation. A close above the 8ema at around 254 would be a good confirmation. Target is somewhere between 265 and 271.

2bigbrowndogs

We ended last week with a gravestone Doji that bounced off the 100. Bulls need it to close above the 34.18 point. The MACD looks good for this. However, we are very oversold. If the 100 ends up being resistance, I would watch for a pullback to 30.70 which is a very strong weekly support line and the 50SMA is sitting there as well. If it were to fall below...

2bigbrowndogs

Last week we broke thru a descending trend line with a bullish candle. We have a very strong weekly support at 30.79. If we can get a close above 34.25 or so, there is a gap to fill at 35.18 then things will point to the 200 at 38.02.

2bigbrowndogs

We bounced off a Long Term Support in February with a Morning Star Doji and so far in March it has been very nicely confirmed. We are oversold but turning up, and we are getting close to a MACD Crossover. We are approaching resistance at around 34.11. I'm looking for it to push up thru to 38.50ish where the 50, 200 and 21 EMA are all gathered. Will watch the...

2bigbrowndogs

We have an interesting evening star dojo at a 200 MA and a major resistance line. This is very over bought, we could use a little more confirmation on the MACD. Will watch closely on monday at the open to make sure it isn't going parabolic up. There are a few gaps to fill on the downside. This presents an interesting short opportunity down to 22 even down to...

2bigbrowndogs

While I really missed it at 21, there is a long legged doji on Friday, I am looking for a confirmation for a short term bearish play. GDX has been incredibly strong the last month and it is very overbought and the MACD is way high too. Watching for confirmation for a short term bounce down. Maybe get in around 19.50 and out at 17ish. There are a few small...