Long Focus:
The main basis for a long is a strong daily chart. A few have negative pivot stack (they are indicated with a “*”), but have potential if the market bounces.
WFMI: Broke out of a daily consolidation,but could …
Market Comments: Crisis in Japan will cause markets to gap down huge. With 3 of the 4 market watch charts gapping from just below the 50-day MA’s this represents a hard break of a long standing up sloping 50-day MA …
Focus Long:
AAPL: Bullish engulfing pattern on the 50-day MA must be watched for a trade long. Watch for key daily resistance levels at 354.76 and 357.40.
- Trade OR breakouts over FTP, 349.78
- Trade OR Reversals over FTP, …
Market Commentary: The markets are at key support levels. If we break it a short, if we hold there will be long opportunities. It is a day to be nimble!
Long Focus:
PLL: Gapping to new highs and out of …
Market Comments: The markets are gapping lower with the Q’s gapping below very important support at 56.67. This puts the markets near very important inflection points and will affect how we trade. As you’ll see below our short focus will …
Long Focus:
CI: Is flagging nicely on daily and hourly. Key levels to break on the upside are yesterday’s high, 43.67 and R1 43.75. Because it has rallied right up to resistance, I’d be very careful about buying weakness but …
Long Focus:
VFC: Has held up during market weakness and yesterday moved higher on good volume to an important daily high of 97. This level is not the top of resistance but it is an inflection point and volume ramped …
Market Comments: After 2 up/down days there are a lot of mixed signals but also quite a bit of consolidation on the hourly time frame that could power a move in either direction. I’m going to try to be very …
Market Comments: Indexes got weaker after a much anticipated jobs report suggesting the bulls priced it in yesterday and the market will have to look for some other reason to move today. It could also mean a choppy day and …
Long Focus:
CAM: Big volume new 52 week high and breaking out of a daily consolidation all on a closing basis. Key daily support created by the consolidation comes in at 60.19 to 59.90. Yesterday’s high is 60.63.
- Trade …