50 didn't hold on the bump to 77 in March. I've been
having fun with duplicate symmetrical channels lately, so the 50 ma
would be down the list on trade structure in this fantasy
world. The upper (third) channel looks like support
here with a run to the flattening 200 ma. Still looks
like a distributive bear wedgie move over the past 6
weeks. Looks like the milli vanilli sell on NFLX at the 61
was popular (I texted Carl Icahn I was getting short there)
SBUX hits tgt here after chnl cross from the long at 70 ish
. With the AAPL split running its course, memorial day
bear trap gap underneath, another small ref point that we're
"a beet extended" . ALXN, typical of biotechs, not a great
consolidation , more of a fan morphing into a bear wedge into major
fib line with some xs above it. Most all biotechs looks
this way. Good place for a moderately bearish
spread. 240/245 june 14 2.25
Lots of limpy looking SPY stocks which aren't anywhere near last
weeks highs as we bounce this week. R , LMT,
might get a little pop into div dist. ... CMI out of gas
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SBUX fan into set of descending channels
SBUX fan b/out NFLX 61 fib retr
Posted by cmunny on 22nd of May 2014 at 12:51 pm
50 didn't hold on the bump to 77 in March. I've been having fun with duplicate symmetrical channels lately, so the 50 ma would be down the list on trade structure in this fantasy world. The upper (third) channel looks like support here with a run to the flattening 200 ma. Still looks like a distributive bear wedgie move over the past 6 weeks. Looks like the milli vanilli sell on NFLX at the 61 was popular (I texted Carl Icahn I was getting short there)
SBUX hits channel sym tgt here
Posted by cmunny on 3rd of Jun 2014 at 11:50 am
SBUX hits tgt here after chnl cross from the long at 70 ish . With the AAPL split running its course, memorial day bear trap gap underneath, another small ref point that we're "a beet extended" . ALXN, typical of biotechs, not a great consolidation , more of a fan morphing into a bear wedge into major fib line with some xs above it. Most all biotechs looks this way. Good place for a moderately bearish spread. 240/245 june 14 2.25
NFLX 60 Minute Chart
Posted by renko777 on 3rd of Jun 2014 at 01:23 pm
NFLX 60 Minute Chart
Relatively weak SPY stocks
Posted by cmunny on 22nd of May 2014 at 02:29 pm
Lots of limpy looking SPY stocks which aren't anywhere near last weeks highs as we bounce this week. R , LMT, might get a little pop into div dist. ... CMI out of gas