Visually trending up on good drug news easily breaking all resistances. I'd expect it at 15.00
Sears is not a strongest stock recently - sellers were strong at 9.50 again, will be looking for shorts off of this level
A clear uptrend is broken on Friday, stock closed into day's low on really huge volumes.
This idea of mid-February works so fine it gives real reason to be proud of generating it. Since entry it never made me upset or hesitant, just adding little by little and trailing stops. I think I'd hold core into 1.03 zone. Get on board
I like this channel but I doubt there are chances for another leg into this range top. Thou technically it looks perfect
At a kind of very interesting points XLF XLK TLT IWM
Target at 12 is achieved and this thing keeps woving south - thou along with other now. Very weak. Just wonder what's gonna stop it.
CARA broke previous high on Thursday and closed below this high. This signals of a failure pattern, which has a good statistics and thus works very good. Usually it is recommended to find a good spot for short entry below fresh high with stop just above it. Lots of traders enters short here and it looks like on Friday CARA had a clear intention to shake lots of...
Stock was very bullish last week, it's about to close this gap at 10.00 area, I'd expect another up leg here
Stock is very volatile recently, there's a good chance for it breaks above this triangle with target into 24 and 25
Kroger was active last week selling on huge volumes (along with XRT which was the week's worst performance). KR is about to approach 29 support zone. To me KR is not the weakest retail stock, I would expect a bounce off of 29.00 at least into 30.25
Valeant is testing 13.00 area for a third time. It's very weak, i'd suggest it breaks 13.00 down, but possibly will test 14.25 (or 13.45) resistance first. If broken my target for the week is gonna be at 12.00
Having in mind that this local uptrend was recently broken I'd be expecting further down move at least into 1.15
This week initiated a couple of shorts at 1. 40 zone - was stopped out at 1.411. Risk/reward was very favorable there, and the basic idea is still in force. Enter a short again at 1.42, think this range has a good potential. This time stop is not very tight, gonna hold a core into the range bottom
We have a tightening price contraction here inside the wedge, in case there’re some broad market correctional moves I would expect a breakout here, to maybe close this gap into 127.00 zone.
1.38 support didn't surrender easily thanks to this news from Scotland, etc. My overall idea is still short thru 1.38 but for now I think it gives good opportunity to play inside 1.38-1.42 range. I'm short against 1.4087 with very tight stop and gonna add on retracements if this downmove is confirmed. If stopped will initiate short again off of 1.42 area
Big picture - CAD gets support from oil prices and EUR looks really unstable now amid lots of political news and coming events. Having this in mind I’d say chances we’ll see it going down are higher then those for a bounce. I do not expect 1.38 support will surrender easily, so my idea for this week is a whipsaw with little chances for decent short-term...