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If you have been trading certain Biotech stocks, the markets have been exciting, but if you're watching for a directional move in many other areas? Its been a little boring, maybe a little frustrating. Lets look at the charts...
SPX - Sideways for most of 2015 really. Frustrating for many. Give me a break (out or down please) 🙂
Read MoreThis weekends report will show what the Charts have to say about the health of various markets. Just like any living breathing thing, we can go from healthy to sick , from strong to weak and visa versa. What we will see can change, but this is what I am seeing at this point, based on the charts ...
The DOW JONES INDUSTRIAL AVERAGE - Selling down with a MACD cross, volume picked up on Friday
So lets look at the DJIA WKLY chart...
Read MoreCharts - Charts - Charts! It's Friday and I just wanted to post a few charts that look interesting . I am not talking about buying and holding for a month, some traders dont even like to hold over the weekend with Greece and other geopolitical issues out there. Today I am talking about what look like trade set ups / reversals and so on. Buy one or two , or put these on your watch list to possibly buy a pull back . We had reversals yesterday in OIL & Metals. I liked them because they can be trade-able. I bought as mentioned in the chat / comments area, but is it long term or short? Just a quick trade or more? I'll discuss that this weekend. On to the charts ...
$WTIC- small bounce or lows?
What about NATGAS?...
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