Look at the daily.  When I do that I see a downtrending stock that has been having a series of small bear flags followed by congestion while waiting for the MA's.  Looks like we are waiting for the MA's in more congestion.

Love that volume pattern on the daily. 

I still like it on the daily to possibly test the 20 MA to the upside before deciding what it will do next. On my chart, it has just broken out of a descending wedge with + div on the daily.    That said, the current daily candle really presents a strategic short in a clear down trend.  All you need is a plan.  I'm banking on the bottoming candle formation to take it a little higher...but who knows.  

Time frame makes a difference.

Just an FYI, that article is put out by Phoenix Capital who apparently can make some money by predicting that the sky is falling.  Maybe it is or maybe it's not but their outlook makes Roubini look cheerful.

I like YAO. It's a very nice mix of all caps with heavier concentration in the biggies including BIDU, tencent etc.   Google YAO holdings for a list of holdings.

 I also think it is an interesting spot to enter a longer term position - with an eye on the exit if it's too early or everything starts falling apart.  But overall the longer term risk to reward looks pretty good. 

Looks poised to move out of recent pullback.  Not thrilled about the overbought market but good low risk entry with stop below current daily candle or 33.83 as you wish.

I would say the chart has looked like it was consolidating for a while, so a drop down to previous support would not be  out of the ordinary.  The real question is what happens if it breaks this area.  For now I would say be cautious with a stop below the support area as the bearish candle is in charge until it's not.  Hope this screenshot comes up

Worth reading.   http://caldaro.wordpress.com/

I personally would not call that divergence.  In order to have divergence- price should make a consecutive move in a direction while the indicator makes a consecutive move in the opposite direction.  In this case price is not making a higher high it is simply going sideways.  The indicators are just reflecting that fact.

Think of it differently. Look at the pattern then look at what is happening.  It is consolidating the big up move (within the flag) and may be re-grouping itself for another move which is (hopefully) up.  The unwinding of the other indicators allows the overbought conditions to wind down and the indicators follow that unwinding. Doesn't necessarily mean things are headed down a lot.   Hope that helped

has to remain to the downside as another month goes by and we are unable to claim the high ground above the 12 month moving average.  As you can see, the 12 month does a nice job of containing price movement.  At this stage I would call this price action a potential change of trend.  The key word being potential.

It is encouraging that we have not fallen dramatically away  from this area and also that we have edged slightly above the closing of dominant bullish engulfing candle in October.  Yet, until we can maintain price above the 12 month MA, we are wise to maintain a defensive posture.  Keeping your share size smaller when long, and our trades to the upside quicker, is a good way to minimize risk.  Patience will be rewarded here, as it will enable us to move to the right side of the market, when this potential trend change is over. 

SPX Monthly

You first need to answer these elements of the trade.  What is your trigger, where is your stop, where is your target, what time frame are you going to trade, what is your risk to reward, how much capital are you going to risk on the trade, and possibly do the market conditions appear appropriate for the trade.  If you know those answers then you can determine if the trade is right for you.  There is always a trade, but is it right for YOU.  That's the real question.

I guess my issue on this one is CMG has been a momentum stock and if it suddenly breaks higher in a big way, can you handle and properly manage that loss? That's why this trade needs a proper plan laid out with proper risk to reward scenarios pre-planned. When you do that, you're good.

Hope that made sense. Merry Christmas. john

for a nothing gain.  The interesting thing is that the selling pressure is not as apparent as just the lack of buying.  I think that could change very quickly but not right yet apparently.  I'll be looking for an entry around 1750 ish, if we go down that far.  The DJ world chart is none too positive right now either.  No matter, I'm still playing for the next few weeks to be generally positive in the US. We'll see.

SSEC

DJW

to expect some quick selling for those funds that have not already bailed on BAC.  But, also remember that BAC can simply do a reverse split to increase the share price by reducing the number of shares, just like C did a couple of years ago with a 1:10 split.

The New York Stock Exchange gives us the recognition, reach and resources to better serve our needs as we continue to focus our growth on the international markets,” said Michael Sutherlin , Joy Global’s CEO. “As a result, it is another step in creating long-term value for our shareholders.”

Bullish engulfing o the weekly and nice recovery for the monthly.