I saw this earlier this morning, didn't have time to analyze...
So everything about this screams head and shoulders top. Did you notice today's pathetic volume? Or the 10yr?
RSI, Volume, and the Ultimate Oscillator are diverging from price movement.
I think tomorrow's action is pretty critical. Do we break the neckline? We shall see. Failure to do so confirms...
Price movement does not agree with the chart. Its going to be difficult to create new highs with no volume or strength.
Price keeps moving up yet most momentum oscillators have just shown a breakdown in price.
Clear out the noise in your head from Syria and the Taper; and focus on what's happening in the market: $TNX. I personally believe there is no retest of...
If it breaks ~26.91 it should go to the downside. If it breaks above 30 then it could retest old high. My personal prediction: it tests August 2012 support line.
Weakness in this bull run. How long will it run up? I dunno but i know JPM waiting there like an alligator at the bottom of the bayou to chomp on us as always.
**Typo, this is a chart of GE not JNJ**
Hammer formation and oversold in the stochastic. We want to see higher volume and a positive close to confirm bottom in trend channel. Stop loss is around $23.60
Wait for Monday's close to confirm bottom. Stop loss is Friday's low or the candle before the hammer highlighted (~87.70). I think the market is done pricing in "taper."
Hammer formed in oversold condition. Wait for Monday to confirm momentum. Need a positive candle and higher volume. Look to test old high and pass it. Stop loss should be support at ~148.
A Hammer candlestick in an overbought condition in the slow-stoch. Its bouncing off of support @ 20.25. A Fed board member that can't vote came in to save the day and told what the market wanted to hear, and perhaps especially what financials wanted to hear as they were all in the red before 11:00 am.
I think we'll move up through resistance @ ~21.00. I am...
I don't guess in these pennant formations, I wait for the chart to tell me which way to go. Two trend lines are converging. Low volume, overbought in slow-stoch, and a weak close. The price moves are more powerful when it bounces off the resistance than it does off the support. I'm ready to go long or short but it's worth noting this triangle formation.
I believe...
