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Market Divergence

Posted by renko777 on 17th of Jul 2014 at 02:44 pm

Anyone know when was the last time a major index tested 20 MA daily while another major one was testing the 200MA at same time?

 

SPX

Posted by renko777 on 17th of Jul 2014 at 11:50 am

Still holding the 20 DMA on the SPX Daily for now.

SPX Daily Chart

More Os than Xs on the P&F charts this week, even on up days meaning there is  more supply now than demand.

Short Ideas

Posted by renko777 on 17th of Jul 2014 at 10:59 am

Nice move again on NEWL

NEWL wow!

Posted by renko777 on 16th of Jul 2014 at 02:43 pm

Nice move again on NEWL from a post back in May.

Rick Santelli and the Fed

Posted by renko777 on 14th of Jul 2014 at 08:08 pm

Rick from CNBC was a little upset today about the Feds influence on the market.  http://www.businessinsider.com/santelli-meltdown-on-cnbc-2014-7

Looks like a double H&S

SPX 5 Update

Posted by renko777 on 11th of Jul 2014 at 10:37 am

Looks like a double H&S now breaking the trend line again and putting in a lower high.

I thought it was 1pm eastern.

Combined number of stocks in O's

Posted by renko777 on 2nd of Jul 2014 at 11:40 am

The combined number of stocks in O's from P&F charts on the NTSE and COMQ are at the lows of last March 6th. 

Silver

Posted by renko777 on 2nd of Jul 2014 at 11:16 am

Just saw this posted one of the Stockcharts public charts. Would like to see SLV pullback to the 200 MA to get in.

July 2nd, see KWN China Is Going To Push Silver Over $100, PhotoVoltaic Energy, China will need that much Silver to get to 70Giga...Voltaics

ERY

Posted by renko777 on 1st of Jul 2014 at 12:33 pm

UGAZ

Posted by renko777 on 27th of Jun 2014 at 12:55 pm

At the bottom of a trading range and could be a good risk reward area with a stop just below support.

Daily UGAZ     2 Hour UGAZ

CANN

Posted by renko777 on 25th of Jun 2014 at 01:03 pm

A blast from the past.  Could be consolidating for a move up soon. Putting these on my watch list again.

CANN Daily

VIX

Posted by renko777 on 20th of Jun 2014 at 01:41 pm

Nice double bottom off the VIX 5 min chartwith divergence.

Maybe. It went above R2 on the daily charts and then came back down below.

SOXX

Posted by renko777 on 18th of Jun 2014 at 11:06 am

SOXX finally showing some weakness today.  SOXX Daily

WGO

Posted by renko777 on 18th of Jun 2014 at 10:54 am

Smile

If would be good to

Fuel Cell Stocks

Posted by renko777 on 18th of Jun 2014 at 10:23 am

If would be good to see a pullback from here to get in at a higher low. Nice job Steve.

Nice volume today off support

WGO

Posted by renko777 on 17th of Jun 2014 at 04:38 pm

Nice volume today off support on the daily and the chart does not look bad on the weekly

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