The long term trend is 'cooling' off just a bit. But, it's still making higher highs on strong volume! I'll wait a few days to see if we break the rising trendline or we get a pullback. Either way, I'll be a buyer. PYPL
After a bit of consolidation, I'm hoping that the squeeze fires long, in alignment with the trend (so that I can go long)!
TGT is in an uptrend with a repeating pattern. I like it to the long side.
IBM hit it's all time high in 2013. Since then, it has "stair-stepped" downward and tends to "hang out" in a range for extended periods of time (like a year or more) before meandering lower. My guess is that it will struggle to hit $135 for several quarters. Iron condors seem like a safe bet! NYSE:IBM
CAT is in a very solid uptrend with stacked bullish EMAs, a bullish MACD crossover and a classic bullish squeeze having JUST fired! I'll be going long. NYSE:CAT
If you like the cup & handle formation, you should love AAPL right now! Looks to me like it's just formed a cup & handle within a cup & handle!! What could be better? If the nascent 'squeeze' that looks like it's starting to form decides to fire long, I might have to go 'ALL IN'.
XCEL is in an uptrending sector (XLU) and is, itself, in an extremely solid uptrend. It has no less than 4 symmetrical price surges and appears to be in a 5th with a long squeeze having just triggered. Symmetry suggests that it will run another 5% up to the $66.50 level by earnings at the end of OCT. I like it to the long side!