The SPY/$SPX is now trading well below the uptrend line shown on the previous 2 hour charts. This breakdown increases the chances for a move down to the T1 & T2 target areas (177-177.50 & 174.65-175). Assuming that T2 is hit, this would correlate to roughly another 500 point drop in the $DJIA, in addition [...]
The NFLX Active Short Trade, which was triggered on a break below the uptrend line on Dec 27th, is indicated to gap higher today following its earnings announcement. Although the stock is poised for a very large gap, Netflix is currently trading only 3% above the entry price in premarket trading and will remain an [...]
CMG daily Jan 22nd CMG will trigger a short entry on a break below the 506 level which is just below both the ascending channel as well as horizontal support. Static daily chart shown. Click here to view the live, annotated chart of CMG.
TJX (TJX Companies Inc) will be added as an Active Short Trade here around the 59.30 level following the recent breakdown below this 5 year uptrend line. TJX made an intraweek breakdown of this trendline back in August but managed to print a weekly close back above the trendline. A close below the trendline this [...]
As a follow-up to Friday's expectation for a 5% pullback in the broad markets, so far XOM is nearly half way to it's expected 4% drop while AAPL and the SPY are currently trading slightly above the levels posted on Friday. Previous & updated 120 minute charts on XOM, AAPL, & SPY below along with [...]
PAAS Jan 22nd PAAS (Pan American Silver Corp) is another of the top picks in the gold & silver mining sector which hit it's first profit target yesterday for about a 15% gain since the Dec 31st Time To Start Buying Gold post (as well as the Jan 2nd follow-up post highlighting the [...]
AUY daily Jan 22nd AUY (Yamana Gold) hit the first profit target (downtrend line) yesterday for approximately a 16% gain since the Dec 31st Time To Start Buying Gold post. As the mining stocks were suggested as scale-in trades with soft vs. hard entries, one's total gains at this point will vary depending [...]