8 day just crossed 15 and short-term supoort isaround 37.25. Now would be a great entry into a long position with minimal risk.
I am overall long on E Trade because of the overall strength of this last uptrend. It would be too soon to bet against it. It is near support on the weekly charts and wouldbe a good time to start accumulating shares. Once the 8 day crosses the 15 I would add to my position. 2/6
Starbucks has been going up since 2009 and is currently undergoing a correction. Earnings aren't until April 24th so there is a lot of time. The dashed line is holding as resistance and once this is defeated expect the uptrend to continue. Right now I would short as close to this line as possible and see where it takes us.
The DOW has been going up since 2009 and I don't see any GOOD reason why this should change. If it closes below my dashed short-term line I would expect the market to go sideways for a while (like 6 months) before continuing up. Long-term I would begin to worry if it actually gets below 14540. That all being said I wouldn't hang on if it gets below the dashed...
EMA's crossed on hourly. I am not possitive it is going to stick but worth 1% risk.
Costco has been going up forever and it is almost at an attractive buying point. It broke my trend change line so I would epect it to go sideways for a few days before continuing the upwar trend. It will probably bounce arond 116-120 so try to get in as close to 116 as possible. Long-term upside potential is undetermined but it should go past its most recent...
Staples has been a very interesting stock to follow. The weekly lines seem to give the best insight into it but trading by the daily chart is too risky. Most of the profits are already realized by the end of the day. This is how I would play it... Use the 2 "BEST" lines as buy and sell zones, but enter and close the positions by using the hourly charts. Wait for...
Not sure which way it is going to go, but I would use the hourly charts and buy or short when the 8 day EMA crosses the 13. Check out my last chart on Tesla!!! 1/9
Coach has a major resistance line around 58 and is getting close to earnings. An entry into a short position close to 57 will help minimize risk. Good confirmation that a short play will hold is if the 8 day EMA is under the 13 day going into earnings. I would exit the position the day before earnings if the 8 day is still over the 13 going into earnings. 1/8
All of my lines are from the weekly chart. I would either short above 18 or wait for the 5day EMA to cross the 8 day. 1/1/14
Take Two just formed a bearish engulging pattern with the highs of that pattern very close to the declining resistance line. Right now may be a good time to open a partial position but I would wait for confirmation with a close below 17.50. Use the resistance lines as price targets.
Blue lines are support and red is resistance. Let's see if this could make new highs.
EMA's are all crossing under the longer term EMA's. First price target of 48 and second target of 46.
Dollar Tree has had an enormous run and the 100 day EMA has been a great support for this run. This is the first time it dipped below the 100 day and it has been below for about a week now. The dashed lines are notable price points where funny things may happen. I would expect it to go sidewaysish (It's in Websters) to allow for the EMA's to converge. If you...
Approaching support and MACD just crossed. A good buying op would be if the EMA's cross.
Dashed lines are support and resistance. EMA's are turning down. If EMA's cross this uptrend will be over and I would expect a consolidation phase to follow.
Staples has been on the rebound since January and is now in a consolidation phase. This is a good buying opportunity with minimal risk. A good entry would be at the bottom of the lower support line. A great entry would be closer to 15. I will keep you posted.