fallingumbrellaman

fallingumbrellaman

Next week will be the tell. Looks like a break, lets see if it acts like it.

fallingumbrellaman

Dollar General price closed decisively on the daily, weekly and monthly periods.

fallingumbrellaman

looking good inverse head and shoulder holding. Lets see the Friday closing price. Good LT portfolio name.

fallingumbrellaman Updated 

Negative RSI divergence on the hourly and lower time frames after today's monster rally up. Also weak volume so far today. Long wicked candle at longterm channel/flag resistance. If we go above the high of today $26.32 I would cover around there OR if we close above the channel. It appears that $X has a history of these huge rally's into the resistance, then...

fallingumbrellaman

I'm quick to change my mind, especially when I'm losing money!

fallingumbrellaman

All the banks are looking really well setup for higher prices. Watching BAC for continued upward movement through the last wing high. Will watch for RSI to make a new high as well. Friday volume was really solid.

fallingumbrellaman Updated 

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

This bad boy is set to trigger a daily HS pattern and also break out of a longterm downtrend line.

fallingumbrellaman

I'm still tracking the airlines with a big smile despite a vicious retest of "range breakouts" that occurred last month. Delta is my chart favorite. This is less of a range breakout and more of a slow grind up. Currently showing some nice divergence on the hourly near long term resistance. I only buy on strength so I will wait for a SOLID higher low/higher...

fallingumbrellaman

great multi year breakout for Citi bank. It appears the entire sector bear trapped this week of 6/5 and is now moving to higher prices. These stocks are known to chop so I ease into the position as price confirms my long bias

fallingumbrellaman

Been waiting for this one, it's time! Looks like we will have a fantastically bullish weekly close!

fallingumbrellaman

Despite most of retail being in a world of shit COACH must being doing something right! This is a buy.

fallingumbrellaman

See my previous post on $UAL. Airlines are lookin tight tight tight! Check out $DAL and $AAL too.

fallingumbrellaman

The price action in the airlines looks great. I think United $UAL is a leader, as well as Southwest $LUV. I prefer to fly Southwest but like the look of United a little better LOL.

fallingumbrellaman

Never ceases to amaze me how these patterns tend to keep repeating themselves!

fallingumbrellaman

Price driving higher today. My trigger was an hour bar closing above 240.19. My stop is just below that same candle around 240.10ish.

fallingumbrellaman Updated 

So Mr Buffet dumped his shares of IBM and the flocks are selling at a discount. Wouldn't be surprised if Ole Country Buffet bought this dip himself! Looking for a big long wick closing above the old neckline with volume. or A dip in price at open that reverse early in the morning and then blasts past the opening price with some volume. Or Just watch it drop...

fallingumbrellaman Updated 

I think this ETF is one of the best ways to play Chinese equities. For me this is one of the better looking setups out there. BIG ASS inverse head and shoulders with volume on breakout is what I like.