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WGO

Posted by renko777 on 17th of Jun 2014 at 12:59 pm

Seems like a low risk entry here.

WGO Daily

Interesting.  No doubt there will be a spike up sometime this year.  Seems like the market is in a holding pattern now until the Fed meeting on Wednesday except for IWM.

Banks

Posted by renko777 on 16th of Jun 2014 at 11:38 am

Took this Breakpoint Chart from the weekend newsletter.  Banks have been week since last week and this looks like a H&S Pattern.

$BKX Daily

Gold is on its second Death Cross(50-200 cross) since 2013 for whatever that is worth. Also got an alert from an Elliot Wave newsletter that GDXJ could have very well topped.

Nice breakout out of wedge

SPX 15 with Pivots

Posted by renko777 on 13th of Jun 2014 at 10:36 am

Nice breakout out of wedge and then backtest.

Seems to be helping gold also.  Incredible the US spent billions to train the Iraq army  and then they run and leave everything behind when attacked.

SOXX

Posted by renko777 on 11th of Jun 2014 at 12:32 pm

Amazing. 15 up days in a row and 17 out of the last 18. Are that many more chips being sold?   SOXX Daily

There seems to be limited data feed at the moment. Some indexes and stocks show today on the daily and others do not.  SPX Daily

The lower time frames on the SPX are blank.

I was wondering why it showed the market up.  At first I thought there was a nice rebound from earlier.  lol

H&S Pattern on $RUT

Posted by renko777 on 9th of Jun 2014 at 02:36 pm

Looks like that H&S Pattern is the Russell is still valid.

RUT Daily

SOXX

Posted by renko777 on 6th of Jun 2014 at 11:23 am

Wow. SOXX up 12 days in a row and 14 out of the last 15 days.  SOXX Daily

SPX Credit Spreads

Posted by renko777 on 5th of Jun 2014 at 02:40 pm

The market is currently giving .90 credit on the July 2010/2020 Bear Call Spreads.

Seems like a good deal if you think the market is not going higher than 2000 by July expiration.

Looks like another squeeze playing setting on the TZA 5 minute chart.

Your guess is as good as mine. Price could already be baked in to the ECB announcement and there could also be a sell the news, especially if they disappoint. The reaction to the Friday jobs report should be interesting also. So far the market continues to go up on good and bad news.

A little overbought

Posted by renko777 on 4th of Jun 2014 at 01:32 pm

Chart?

Early WARNING ?

Posted by renko777 on 30th of May 2014 at 11:45 am

Chart?

Looks like it broke about

LNG Update

Posted by renko777 on 29th of May 2014 at 02:55 pm

Looks like it broke about the same time the market did.

SPY 5 min

 

Yes thanks.  I went long

JO (Coffee Daily)

Posted by renko777 on 29th of May 2014 at 02:09 pm

Yes thanks.  I went long JOE earlier today based on the chart.

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