It has been four years now since I posted about the triangle breakouts on the S&P500 and DJIA indices and this post is an update on the progress of those breakouts and subsequent ones on the NASDAQ and Russell-2000.
Bed, Bath and Beyond (BBBY: NASD) has been in decline for the last three years or more but price action is currently poised near the 2008 Lows and printing a bullish-reversal monthly chart pattern. This might be one to keep in mind if there are any further clues suggesting an attempt at recovery. A rather […]
The Aussie telco stock, Telstra (TLS: ASX), after a long time in the wilderness, looks like it could be trying to carve out a base. There might not be much more to this move that a good dose of ‘what goes down must eventually come back up’ but I will be watching for further clues […]
Daily ranges are low again ahead of today’s ECB but spike-action following FOMC isn’t being too kind for TC set-ups. I’m hoping that a bit more side-ways action might develop in the lead up to ECB to correct this. Keep an eye on the cross-pairs though as the wait for ECB might set up some […]
This is free post about a new stock I am monitoring. The stock is Fitbit (FIT: NYSE) and came into my view yesterday due to a spike in trading volume. I’ve since found that this uptick was helped by a recent report mentioning this stock is undervalued. FIT ticks many boxes of my trading criteria […]