fallingumbrellaman

fallingumbrellaman

Target is getting stomped on and looks to have decisively broken a long term trendline.

fallingumbrellaman

Another retailer another potential sweet looking base pattern.

fallingumbrellaman

Been watching this one for awhile. Took a position in late December but then took profits when it went lower. Hoping to see a higher volume logged in by the end of the day today. This whole industry is going up.

fallingumbrellaman

$GOGO done gapped up 17% and above the down trend line from mid 2015. Also put in a solid higher low from the 2016 lows. The average volume on this is lower than I like but this setup looks sweet.

fallingumbrellaman

First solar is breakout out currently. Looking for conviction here. The solar sector looks good all around. $CSIQ is also hot!

fallingumbrellaman

Need to see some conviction here. Barring any more e.coli Chipolte is looking good for a reversal breakout

fallingumbrellaman

Big volume from Friday might have marked a turning point where price has been meeting support as it is trapped in a box,

fallingumbrellaman

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

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

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

fallingumbrellaman

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

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

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

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

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

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

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

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.