I see no leadership in the SPY at all. Momentum all gone
and these wild earnings gaps from last quarter have to fill - now
is that time. Lots of logical fib lines coming into play on a
lot of those charts. New momo play is T, which should say a
lot. MSFT is fine, CAT new yearly highs, JNJ looks great on
the breakout. TSLA, NFLX, CMG, all that stuff falling
down hard.
SPY Rising Wedges breaking down , T JNJ CAT MSFT strong
CMG GOOG CELG TRIP - SPY leaders falling hard
Posted by cmunny on 26th of Mar 2014 at 01:27 am
I see no leadership in the SPY at all. Momentum all gone and these wild earnings gaps from last quarter have to fill - now is that time. Lots of logical fib lines coming into play on a lot of those charts. New momo play is T, which should say a lot. MSFT is fine, CAT new yearly highs, JNJ looks great on the breakout. TSLA, NFLX, CMG, all that stuff falling down hard.
HAR breaking down as per note last night
Posted by cmunny on 26th of Mar 2014 at 01:17 pm
/ES taking out alerts, down we go
Title: Thank you cmunny for
Posted by hweinstein4 on 26th of Mar 2014 at 08:56 am
Thank you cmunny for all of your timely updates HW1nyc