The daily W%R is above -20; this indicates positive pressure on the market.
Upside levels to watch: 10056.8, ~10350, ~10625, ~10820.
Downside levels to watch: ~9820, 9382.9, ~9164, ~8875, 8613.5, 8360.
Caterpillar just broke down through its 200 day moving average for the first time since January.
Last time was a buying opportunity...
...Is this time different?
The daily Williams %R remains below -20; this indicates negative pressure.
If $CAT can't hold above ~$98 then it could fall to $92.19 and then ~$90.
full disclosure: I'm long the Dec19'14 puts @ $50
both the 13 (blue) and 34 (pink) Bollinger Bands have flattened out.
the 50 day MA is rising and the 200 day MA is relatively unchanged since late June.
the daily Williams %R is at -70; this indicates that pressure might turn negative.
based on these observations, $EWZ could see more losses in the near...
both the 13 (blue) and 34 (pink) Bollinger Bands are rising.
the 50 day MA (green) crossed up through the 200 day MA (red) in late July (gold vertical line); both MAs are now moving up.
the daily Williams %R is above -20 (see bottom panel); this indicates positive pressure.
based on these observations, $CHL could see more gains in the near term.
$MCD has been trading mostly sideways since the beginning of 2012.
the monthly W%R appears to be rolling over which could mean negative short-medium term pressure on the stock.
since 2008-10-01, McDonald's:
revenues (not shown): +20.8%
net income: +21.73% but at the same level it was at on 2012-01-02
free cash flow:...
J.C. Penney continues to struggle...
from 2002-01-01 to the present,
revenues fell from ~$32 billion to ~$12 billion...
and free cash flow fell from ~$327 million to -$2.15 billion (!!!)
furthermore, $JCP is down 90.25% from its peak on 2007-02-01.
Intel has broken out to the upside...
if it continues to run then the next levels to watch are $35.67 and then $38.15
the monthly W%R has been rising since 2012-11-01 - this is indicative of positive pressure.
$INTC - now vs then:
price: where it was on 2003-12-01
EBITDA: where it was on 2010-06-01
Net Income: where it was on 2000-08-01
Free Cash Flow:...