stinkbug

stinkbug

This market is taking in all the cash it can get! AVGO looking like it wants to try to get a piece of the action.

stinkbug

I think SBUX is going to climb up with this market to test that double top...its close enough and it wont be stopped.

stinkbug Updated 

these pattern is persistant in this market where things just keep pushing up and even stretch divergences for a while. But this looks like it wants to chase the channel to the top or fill this huge wedge. we will see. Cautiously long.

stinkbug

Besides having huge DIvergences on Daily and weekly on PPO and even stotch. TD is also indicating momentum exhaustion. This is accompanied by several indexes and stocks getting 9 sell signals this week.

stinkbug

Big decision point at that meet of the Death Cross, what will happen.

stinkbug Updated 

Kind of a play on my SPX channel, but SPY channel seems more clear. We are now inside the channel and its the top of it is now acting as resistance. Maybe we will ride along this channel for a while. I think we go down and test the mid range at least.

stinkbug

We might see a touch of this old upward Channel. Anything is possible.

stinkbug

FB looking good, breaking out of a triangle and holding support at 172ish. Might be good for a new higher high and lower low.

stinkbug Updated 

On weekly chart seeing a trend line from the high as strong resistance and has 2 touches and looks like might be a 3rd to confirm it. Also, on TD the count is on 8 which means we should see a slow down which gives me more faith in the trend line. The Daily on the TD is on a corrective sate completing a 9 and into couple days of correction so i think it coincides...

stinkbug

Looks like IBM heading to 150 before it hits the 30 & 50 week death cross also coupled with what looks like Inverse H&S . My gut feel is that it will run into both and just come back down. PRice movement has been weak. We will see.

stinkbug

I am seeing what i think is a giant H&S, i am still new at this so it may not be a real one or it may be negated already. But still following the price action. Any thoughts or input on drawing this pattern more accurately??? JD

stinkbug

GRUB Daily, Rising wedge on GRUB, meets all criteria for bearish wedge. The interesting part is that the CMF is showing a divergence, but i am going to side with chart patterns on this. Going to wait and see what it does but if your into shorting might be a good game plan.