The S&P500 index broke above a 9-week bear trend line at the end of the last trading week and, with the news of a temporary trade war truce between Presidents Trump and Xi Jinping, this begs the question about whether this breakout might mark the start of a Christmas Rally.
The NASDAQ and NASDAQ-100 indices looks to have made Bull Flag breakouts and so I’ll be watching for any momentum-based follow through here. To this end, I’ve looked over some NASDAQ stocks for candidates to stalk in case bullish sentiment picks up. It’s amazing to see just how many of these stocks pulled back to […]
This is just a quick post with charts of two Aussie stocks that I’m stalking for any new TC LONG signal: Bluescope Steel (BSL) and Domino’s Pizza (DMP). The application of TC to stocks is new for 2018 and is a work in progress.
The S&P500 has been in a downtrend the last few months and has traded down to the bottom of the weekly Ichimoku Cloud. This region can often act as decent support though so I have been monitoring this region to see if price action tries to carve out a bounce from here at all; either […]
Target (TGT) peaked at $90 back in September 2018 but has fallen sharply since then and the last time Target was above the 15 min Ichimoku Cloud was back on November 9th, some two weeks ago. Since then, price has fallen from the $88 region down to near $67, a drop of around $21. Price […]