AdamParmer

AdamParmer

Gold has been trading in this channel for months and its time to start looking for support again.

AdamParmer

Gold has been playing in a channel. Currently it is entering an old resistance point. Keep a close eye to see if it continues its defying run or if it will fall back to its old support.

AdamParmer

The 50% retracement of a prior move high can be a powerful support area. TLT is looking to find some key support areas after the February selloff. As investors sort out the Fed's QE decision, watching bonds is very important. Buy Delta 70 calls if TLT crosses above the 131.65 level with an upside target of 134.09 . Look to leave yourself at least 60...

AdamParmer

This ascending triangle is a make or break for GM's price. It is currently exiting a weekly head and shoulders bottom pattern. Following some good news (3/12/15), GM may be poised for a breakout. For more on this trade, check out our website: www.enhancingcapital.com

AdamParmer

Gold has been trading in a descending triangle. Read the full write-up with more charts: www.enhancingcapital.com

AdamParmer

Drawing different trend lines for oil allows us to get some support and resistance levels for the intermediate term. For my full analysis including more charts check out www.enhancingcapital.com

AdamParmer

A symmetrical triangle often represents a period of profit taking after a long trend. Usually the trend will pick back up after this period of fighting between buyers and sellers. MACD is giving a strong signal. A nice place to pick up a quality company.

AdamParmer

A symmetrical triangle usually leads to a continuation of an old trend. It is characterized by a time of profit taking after a strong run. During this profit taking, there are buyers who see a deal and sellers who see another profit opportunity. This is why volume tends to dip towards the middle of the triangle. MACD is also giving a strong upwards...

AdamParmer

A double bottom can be a powerful formation. Watch volume to time this breakout. We are testing the top of the channel for this pattern. Is the third time the charm? MACD is finally showing signs of turning positive, and this could be a nice move out of the double bottom channel.

AdamParmer

A hot momentum stock, is showing a short term pennant breakout opportunity. We are at a nice buying point right now (the .786). The pattern may flounder but the upside targets (provided by Fibonacci analysis): T1: 736.51 T2: 747.38 To learn more, visit www.enhancingcapital.com

AdamParmer

After breaking a Descending triangle, the SPY is forming a double bottom that could make for an interesting intermediate term trend. Just breaking through the 786 Fibonacci level, the targets for this potential breakout are T1: 208.53 T2: 211.24 For more, check out www.enhancingcapital.com

AdamParmer

The SPY has broken this descending triangle pattern. Now that there is not a bearish formation, where will this head now? RSI is not overbought, MACD is just starting to send a bullish signal. It looks as if there will be some slow, arduous, upward movement. After breaking this pattern, the ETF found support at the 50 day SMA. For more, check out www.enhancingcapital.com

AdamParmer

TLT is hitting a yearly resistance level. RSI is coming out of an overbought area, MACD is offering a weaking trend, and Stochastics are dropping from the dreaded 80 level. I am still Long TLT but this is a quick chance to short or buy puts to protect your position. First Target: 21 EMA (129) Second Target: 50 SMA (125) Check out more @ www.enhancingcapital.com

AdamParmer

Directly after breakout out of an ascedning wedge pattern, the SPY is not forming a descending triangle. This is a bearish formation that is corroborated by weak indications from RSI, MACD, and Stochastics

AdamParmer

A weakened RSI, MACD, and Stocahstic point to a bearish formation on the Diamonds. A first target is the 200 day SMA in black.

AdamParmer

Using a combination of momentum indicators, it appears the S&P still has room to run down but there is good support in a Fibonacci cluster at 198.

AdamParmer

A cup and handle pattern can result in strong price movement. Enter a small position and scale in if volume continues to follow through.

AdamParmer

The S&P 500 started 2015 by selling off. After finding a soft bottom, we need to determine what resistance levels are important. First level - 2073.30 Second level - 2113.70 Third level - 2123.80 Fourth level - 2160 I think the first, second, and third levels are attainable but I am not optimistic about reaching the fourth level.