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Broad indices & sectors video

I'm seeing a mixed bag of bullish and bearish charts when viewing the broad markets and key sectors from a longer-term perspective.  For now, my longer-term bias remains bearish but I did want to point out some of the recent bullish technical developments as well as some of more bearish charts as well. I put [...]

Dec 20, 2012 5:29pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , , , , , , , , , |Comments Off on Broad indices & sectors video

XES update

also another recent stop-out if anyone took the XES breakout.  seems to be a common theme lately... all these recent breakout on non-confirming volume that have been failing one after another lately.  previous and updated chart below.  this trade might still offer a decent short entry here but not as objective at this point as [...]

Mar 6, 2012 1:22pm|Categories: All Completed Trades|Tags: |Comments Off on XES update

XES update

currently prices are right at the neckline on the possible XES IHS pattern recently posted.  however, please read the notes from that original post here before taking the trade.  here's the chart from that post as well as today's updated chart.  

Feb 7, 2012 3:49pm|Categories: All Completed Trades|Tags: |Comments Off on XES update

XES – oil & gas services sector etf

XES is possibly just putting the finishing touches on an inverse head & shoulders pattern with a somewhat extended right shoulder although i'm not a big fan of IHS and H&S patterns when used as continuation patterns vs. topping or bottoming patterns.  head & shoulders/IHS's are one of the most easily recognized, and hence, most [...]

Feb 3, 2012 4:07pm|Categories: Equity Market Analysis, Uncategorized|Tags: |Comments Off on XES – oil & gas services sector etf