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Micro

DOW JONES OVERVIEW: JNJ HOLDS LONG TERM TREND, SHORT TERM RISKJNJ micro picture currently contradicts macro one. On long term basis, JNJ has held the test of 10-year trend by falling below and then bouncing back up above the 10-year uptrend border (marked by 1st standard deviation from 10-year mean, now at 91) On short term basis, however, price has fallen below 1st standard deviations from quarterly (66-day) and 1-year (264-day) means, signaling continued downside probability. The downside risk remains until the price trades back up above short term risk border, marked by lower 1st standard deviation from 1-year mean (at 97 now)
NYSE:JNJ
by Killy_Mel
DOW JONES OVERVIEW: EXXON IS ON RISK OF FURTHER DECLINEExxon is in a complex situation - but overall risk is still to the downside at the moment. On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself) Thus XOM is on risk of decline there at least to 65 - which is the lower 1st standard deviation from 10-year mean, if price continues to trade below 76 On short term basis the risk (of decline into 65) is confirmed - price is trading below 1st standard deviations from both 1-year and quarterly mean (thus is in downtrend in relation to both short term means) The micro levels are alligned with macro levels at the moment, as can be seen on the chart
NYSE:XOMShort
by Killy_Mel
FX CHART OF THE DAY (2): GBPUSD IS ON BREAKDOWN RISKGBPUSD is on risk of a macro breakdown (see related chart) On short term basis the situation is now tradable - Pound is breaking below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the weekly mean) Traders can pick shorts at the 1st standard deviation (1.5300) and stops at the weekly (1.5375) mean Traders also should be aware of volatile events, expected tomorrow!
Short
by Killy_Mel