fallingumbrellaman

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Last visit Joined 6 months ago FallingUmbrella
Markets Allocation
75 % stocks 17 % commodities 8 % other
Top Mentioned Symbols
COP 8% | 2 HG1! 8% | 2 YHOO 4% | 1 INTC 4% | 1
fallingumbrellaman fallingumbrellaman SPY, W, Long , 2 days ago
SPY: Mind boggling simple $SPY
88 0 5
SPY, W Long
Mind boggling simple $SPY

I copied and pasted the exact same trendlines to form the 3 upward channels that the SPY has created since 2009. I put all this effort and time into the day to day, week to week price action analysis, but it's really just this simple. WAIT FOR THE BIG DIPS WITH HUGE VOLUME AND BUY THEM OVER AND OVER AND OVER!

fallingumbrellaman fallingumbrellaman COP, D, Long , 8 days ago
COP: If you're not already long $COP...
34 0 9
COP, D Long
If you're not already long $COP...

I am waiting to see if $COP price action shows that buyers are continuing to outpace sellers(longterm uptrend). For me to believe this is true the price must close above the current trendline.

fallingumbrellaman fallingumbrellaman AMZN, D, Long , 12 days ago
AMZN: $AMZN is a hotty
49 0 4
AMZN, D Long
$AMZN is a hotty

Might be setting up to breakout of 4 month consolidation pattern.

fallingumbrellaman fallingumbrellaman F, M, Long , 15 days ago
F: Ford looking for bids to breakout of channel
36 0 8
F, M Long
Ford looking for bids to breakout of channel

There clear trend is currently downwards for Ford but if bulls ever breakout of this big down channel we could see a great opportunity for higher prices. Volume looks to be increasing as price descends towards the lows from 2013. I'll continue to watch Ford for more hints.

fallingumbrellaman fallingumbrellaman GM, M, Long , 15 days ago
GM: GM looking to go higher
19 0 6
GM, M Long
GM looking to go higher

Long monthly trendline decisively broken. Path of least resistance appears to be up. I am looking for a surge in volume to give authority to this possible breakout.

fallingumbrellaman fallingumbrellaman SLV, D, Long , 18 days ago
SLV: silver going up SLV
28 0 5
SLV, D Long
silver going up SLV

Like this play a lot now that we officially have a higher low in the books. It looks like we've broken out of the down trend from the summer with authority.

fallingumbrellaman fallingumbrellaman EEM, M, Long , 18 days ago
EEM: EEM giant love triangle
26 0 5
EEM, M Long
EEM giant love triangle

Huge monthly triangle on this ETF favorite. Currently a nice inverse hs pattern is in motion. Target is conveniently measured right at the upper trendline. Would be really awesome to see it breakout this year.

fallingumbrellaman fallingumbrellaman HG1!, 240, 18 days ago
HG1!: copper 3 month trendline on the verge of busting
27 0 6
HG1!, 240
copper 3 month trendline on the verge of busting

I posted earlier about what looked to be a sweet looking copper ihs continuation pattern on the verge of triggering. Well it's looking like an utter failure of the bulls to take advantage. The up trend line from last October might be busted for reals, a lower low will confirm it in my mind. Will be looking forward to seeing if we waterfall overnight.

fallingumbrellaman fallingumbrellaman HG1!, W, Long , 20 days ago
HG1!: Copper looking shiny
38 0 3
HG1!, W Long
Copper looking shiny

This is a straight forward setup where we are seeing a possible longterm reversal breakout in copper. This could blast at any moment OR it could just as easily reverse and fail miserably. I will wait and see how we look on Friday COB.

fallingumbrellaman fallingumbrellaman DJI, W, Long , 22 days ago
DJI: Fire and forget, DJI almost hitting the target
47 0 8
DJI, W Long
Fire and forget, DJI almost hitting the target

So the DOW is leading the NDX and S&P to the measured move target. This is where I become more cautious in managing my longs. Not to say we don't move higher through 2017! But based on past performance of all indexes and stocks for the last 100 years I expect to see consolidation soon.

fallingumbrellaman fallingumbrellaman NG1!, W, Long , 22 days ago
NG1!: higher lows for natty gas
91 0 9
NG1!, W Long
higher lows for natty gas

Natural gas prices continue making higher lows since early 2016. Looks to me like a second bull flag is getting ready to fire off. Let's wait and see.

fallingumbrellaman fallingumbrellaman CL1!, W, Long , 22 days ago
CL1!: light crude dude
120 4 6
CL1!, W Long
light crude dude

I think oil is set to blast off. The indications are clear in the prices but I also think fundamentally - not based on the current ratio supply and demand of oil necessarily but in the geopolitical uncertainty that lies ahead. If the USA proceeds with "defending" the South China Sea as promised by the leadership, we will see oil prices react.

fallingumbrellaman fallingumbrellaman NDX, W, Long , 22 days ago
NDX: Nasdaq 100 running hot
72 0 6
NDX, W Long
Nasdaq 100 running hot

It's great so see a nice pattern breakout and follow through like this. Although not quite at my target it looks like we might hit it. I think eventually something is gonna give fundamentally(global chaos/uncertainty) and we will enter a chop period after reversing to the 50 dma or something like that. However I don't get to focused on what might happen, only what ...

fallingumbrellaman fallingumbrellaman YHOO, W, 22 days ago
YHOO: yahoo $yhoo
15 0 5
YHOO, W
yahoo $yhoo

Weekly close pretty much right at ihs neckline. I will have more confidence if we see a solid hold above the highs of the right shoulder.

fallingumbrellaman fallingumbrellaman INTC, W, Long , 24 days ago
INTC: $INTC mother of all bases
21 0 3
INTC, W Long
$INTC mother of all bases

I love big bases and I cannot lie. This is looking awesome but I would feel better going long with a stronger close on the daily instead of an inverted hammer. $MSFT looks very similar check it out.

fallingumbrellaman fallingumbrellaman EQM, W, Long , 24 days ago
EQM: Natty gas play? $eqm
18 1 2
EQM, W Long
Natty gas play? $eqm

This is looking like a legit breakout attempt with decent volume. I love this play because there is not much overhead supply. Hoping for a strong close into the weekend.

fallingumbrellaman fallingumbrellaman LVS, D, Long , a month ago
LVS: gaming casino stocks moving up? $LVS
21 0 2
LVS, D Long
gaming casino stocks moving up? $LVS

I really like to see the kind of wide agreement we are seeing in price action among the gaming stocks. I'm not yet willing to buy into this but am feeling a blast to the upside coming especially with the big inverted head and shoulders in motion.

fallingumbrellaman fallingumbrellaman XOP, D, Long , a month ago
XOP: Another oil etf busting $XOP
13 0 2
XOP, D Long
Another oil etf busting $XOP

This track is on repeat. We are seeing oil stock prices breaking out of consolidation. The time is nigh.

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