Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

JCP Approaching A Decision Point

JCP has been trading pretty much sideways for the past couple of years after falling from lofty heights in earlier years.

click on image to enlarge

A couple of months ago it brushed up against the upper line of its 10-year downhill channel and has sold down since.  It is now brushing up against that blue line again for another try to break out.  If it can't break out of the blue channel, its sideways 2-year red channel may become history.

Trade well my friends


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