IanTimberlake

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Markets Allocation
100 % stocks
Top Mentioned Symbols
SPY 66% | 2 WPZ 33% | 1
IanTimberlake IanTimberlake SPY, D, Long ,
SPY: Two potential outcomes with $SPY, leaning LONG
40 0 0
SPY, D Long
Two potential outcomes with $SPY, leaning LONG

It appears $SPY might form a reverse-head-and-shoulders pattern by dropping down to resistance at 208.40, to which it bounces back up and breaks upwards resistance at about 211. The contrarian idea is that almost one year ago we saw a reverse-head-and-shoulders pattern that didn't break resistance and shortly collapsed. I'm leaning LONG because it appears that ...

IanTimberlake IanTimberlake SPY, 180,
SPY: $SPY is Consolidating
29 0 1
SPY, 180
$SPY is Consolidating

It looks like around mid-March was when $SPY broke through its upward trend in a bearish way, but has since reestablished a new consolidation pattern with a slight upward resistance. I think bad things will happen if it breaks down below 204 for more than 1 day. The "all clear" will probably be if it can break above 208.25 and stay there.

IanTimberlake IanTimberlake WPZ, D, Long ,
WPZ: $WPZ Simple technicals suggest WPZ could hit 40 by mid June.
7 0 0
WPZ, D Long
$WPZ Simple technicals suggest WPZ could hit 40 by mid June.

Looking at the Bollinger Bands you notice that the most recent candlestick bottoms are widening their gap between the bottom BB line. WPZ also just broke through resistance at 30 and also crossed the 200SMA and is in a repeated upward trend. Might see some consolidation at 40 and hopefully another breakaway.

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