fallingumbrellaman

fallingumbrellaman

The price action in the airlines looks great. I think United $UAL is a leader, as well as Southwest $LUV. I prefer to fly Southwest but like the look of United a little better LOL.

fallingumbrellaman

Never ceases to amaze me how these patterns tend to keep repeating themselves!

fallingumbrellaman

Price driving higher today. My trigger was an hour bar closing above 240.19. My stop is just below that same candle around 240.10ish.

fallingumbrellaman Updated 

So Mr Buffet dumped his shares of IBM and the flocks are selling at a discount. Wouldn't be surprised if Ole Country Buffet bought this dip himself! Looking for a big long wick closing above the old neckline with volume. or A dip in price at open that reverse early in the morning and then blasts past the opening price with some volume. Or Just watch it drop...

fallingumbrellaman Updated 

I think this ETF is one of the best ways to play Chinese equities. For me this is one of the better looking setups out there. BIG ASS inverse head and shoulders with volume on breakout is what I like.

fallingumbrellaman

SNAP is setup to breakout of a nice little inverse H&S pattern. I will buy at a break of 21.50 or maybe even a pull back to the yellow uptrend line. The last HS pattern hit the target and then some. This one could set up a larger double bottom. Could be a great long term hold even!

fallingumbrellaman

Looks good to short. Will monitor for an hourly close below the neckline

fallingumbrellaman

yesterday we had new highs on big volume, looking for more of the same today.

fallingumbrellaman

Looking for volume to clear 1265. As always this could fail and be a great short opportunity instead.

fallingumbrellaman Updated 

AMD looking like it's about to blow up 20-25% again. Friday is always a good day to see what people really think so let's see how we open tomorrow. A no brain entrance for me is if we gapped up on 1M+ shares in the first 10 minutes of the market open. I would enter with a stop below the open price.

fallingumbrellaman

Perfect day for a longterm breakout. Need a good closing price for entry.

fallingumbrellaman

See how this plays out!

fallingumbrellaman

$BAC and $XLF (and $SPY) formed a nice inverse head and shoulders at support. Banks and indexes looking for higher prices.

fallingumbrellaman

Ok we have one inv head and shoulder that has fired and completed. Now we have definite possibility that another will fire

fallingumbrellaman

Looking like a possible reversal pattern happening. Good long entry at 20.55

fallingumbrellaman Updated 

Another retail clothing stock looking like a potentially good setup.

fallingumbrellaman

This would be a good time to nibble on some $INTC. Sellers look like they are losing interest here where a long term up-trendline and the upsloping 200sma meet.

fallingumbrellaman

Look at that breakout volume..BOOM! This is a high probability setup that has solid upside.