Market Updates

Lots of good looking charts out there in Chartland. I'm trying to keep up. While a summer dip is on my radar, the next 12-18 months are looking good. Notes and annotations on each chart. Green notes are current. Sorry about leaving all notes on charts if they are confusing to you. I just think it's important to leave them for reference as they contribute to transparency and help all of us along our learning curve. As usual, I start with an overview of the broader market as it has so much … [Read more...]

Notes and annotations on charts. Current notes are in green (mostly). Intel Corp (INTC) weekly YETI Holdings Inc (YETI) daily Turning Point Therapeutics Inc (TPTX) weekly Alibaba Group Holding Ltd (BABA) daily Arrow Electronics Inc (ARW) daily Texas Capital Bancshares (TCBI) daily Microsoft Corp (MSFT) daily Market Vectors Junior gold Miners ETF (GDXJ) daily JB Hunt Transportation Services (JBHT) daily Pinterest Inc (PINS) … [Read more...]

Notes and annotations on chart. Remember, many of the notes are dated. Current notes are in green. Piper Jaffray Companies (PJC) weekly Wynn Resorts Ltd (WYNN) weekly Symantec Corp (SYMC) weekly Bank of America Corp (BAC) weekly American Airlines Group Inc (AAL) weekly California Resources Corporation (CRC) daily Morgan Stanley (MS) weekly Cronos Group Inc (CRON) daily Stemline Therapeutics, Inc (STML) daily Western Digital Corp … [Read more...]

I'll use the Dow ETF (DIA) chart to update the broader market price action. We are getting a reversal right where I outlined 17 days ago on July 4th. This occurred exactly where price touched the ascending resistance line, established by the January 2018/October 2018 tops. I don't know about you but I still marvel at price action around these important levels that can be identified. I think price is going back up to revisit/retest this ascending level soon, before drifting lower over the … [Read more...]

Over the next week or so I will post charts of all open entry ideas. See notes and annotations on charts. SPDR's S&P 500 Trust Series ETF (SPY) daily Invesco QQQTrust Ser 1 (QQQ) daily SPDR Dow Jones Industrial Average ETF (DIA) daily SPDR's Select Sector Technology ETF (XLK) daily SPDR's Select Sector Utilities ETF (XLU) weekly SPDR's Select Sector Health Care ETF (XLV) daily SPDR's Select Sector Financial ETF (XLF) daily Charles Schwab … [Read more...]