GMOTruths

GMOTruths

Broke through support line at 56.10. Still on the shorter time frame, so this "top" is on the lower end of the larger time frame. Short term target: $54

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Broadening wedge. Almost completed a very bearish H & S. The dimensions/angles and letter names of the triangle aren't the point. The point is a broadening wedge. Price target …… $83. They beat earnings, barely. People are sick of McD's. Tagged with cattle, as that's a cost of doing business. LC1!.

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DISCLAIMER: I am biased against this company. Teetering head and shoulders there. It looks bearish here. It's probably hanging here as money moves from small-cap and high beta (volatility) to large caps — an understandable strategy, however, there are some fundamental issues. Seed sales down 34%. Price to book ……… 7.736 (Jan. 27, 2015) P/E (ttm) ……………...

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Price gapped down again. I shorted more when price met the second gap. If price makes either of these gaps again, short more

GMOTruths

Coca-Cola gapped down twice. It might go up to fill either of these gaps tomorrow. The lower gap is obviously more likely, but it may make it up to the upper gap. Either way, it might make a good short opportunity.

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Consider going long on the pullback. But watch the price of oil.

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Is it really a good time to buy an all-time high of sugar water?

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Watch this gap. We're at the lower end of the downtrend in the larger time frame – not the best place to short. A short-term trade; LVS is on the upside of a down channel.

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When price comes up to this gap, sell short. Sugar water is on its way out.

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Double bottom. The bottoms are separated by about 2 weeks. I got in this exactly on the second turn, so up over 16% in two weeks — not too bad. Strategy: If it gets to the "Handle Zone" (see chart) and a turns right back up against the resistance line, I will buy more. I think that that would signifiy a breakout with nice gap at way up there at 32.37. If so,...

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Seems to be a much better level somewhere between 15.75 to 15.60. Buying on the bounce of a downtrend is not a smart strategy. Buy if price comes down to around 15.75, but get out (stop loss) if it goes below 15.30.

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2013-03-07 there is a price gap up shown on the daily chart. That's the target. If price has high downwards momentum when it reaches the gap, it might go right through it. Watch price and that level.

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This is a setup idea for a short at 476. There's a lot of swing in this one. As always, look at the larger time frame. We're triple-topping on the monthly (and that can be seen on this chart, too). Price is up from around $90 two years ago — is NFLX is really worth five times what it was February 2013? The upper level is 476. If it gets to that level, go short....

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In the larger monthly frame ADBE was on an uptrend. I believe that this trend has turned. ADBE may come back to fill in the gap here, and that might be a good opportunity to re-short.

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Short. The neckline is broken. The larger timeframe — the daily candlesticks shows downtrend. Striggling mid-cap tech stocks (and this is barely mid-cap) are not where you want to be at this time in the market.

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There is a gap between 51.88 and 51.52. If price comes to fill this gap, look to go long. The next line of resistance is around 54.00. Customer Sentiment. Customers love Whole Foods. Every yelp store review you check, you'll see that the customers complain of the prices and of the crowdedness, but love the food. So if Whole Foods stores are generally crowded,...

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Stock jumped up a lot! But it jumped big on 2014-11-11 before continuing the downtrend.