Apr 182013
 

DPZ will trigger a short entry on a break below the pattern on this daily chart.  Targets listed, stops to be determined based upon the entry price but will most likely be on a move above the recent highs, giving this trade a very attractive [continue reading…]

 April 18, 2013 12:03 am  Uncategorized Tagged with:
Apr 172013
 

I’ve shared this XLF chart recently, highlighting how the overbought readings on the weekly RSI have historically preceded major corrections in the financial sector.  However, I took the time to annotate this updated chart with the price peaks that surrounded those signals as well as [continue reading…]

 April 17, 2013 2:47 pm  Completed Trades - Short Tagged with:
Apr 172013
 

In going through the Short Setups category, I’ve noticed that CMCSA hasn’t been updated in since Oct 10th, when it was starting to crack below the rising wedge pattern.  It was advised at the time to wait for a close below the pattern before entering, [continue reading…]

 April 17, 2013 1:08 pm  Completed Trades - Short Tagged with:
Apr 172013
 

After coming within one cent of the first target before bouncing yesterday, NTRI has now hit T1 (7.30) for a 19.4% gain so consider booking partial or full profits and/or lowering your stops, depending on your trading plan.  T2 (5.75) remains my preferred target for [continue reading…]

 April 17, 2013 11:38 am  Completed Trades - Short Tagged with:
Apr 172013
 

I continue to observe most key global stock indices breaking down from well-defined bearish patterns and still believe that it is only a matter of time before the US markets follow suit.  I plan to update the charts on many of these key global indices [continue reading…]

 April 17, 2013 9:49 am  Equity Market Analysis Tagged with:
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