click on image to enlarge
On the lower weekly chart, it shows as a double bottom on that channel line and is looking like it's positioning to make a move upward.
Trade well my friends
Alan
Stock Market Analysis - Large Cap Swing Trades - Momentum Stocks - Low Cost Option Plays Position Trades for Self-Directed IRAs
Stock Market Viewpoint
Reading the Tea Leaves...
Wednesday, December 30, 2015
Blog Archive
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2015
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December
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- Lastly the Ever Reliable Utility Sector XLU
- XLV: Are Healthcare Stocks the New Place to Hide?
- XPH Big Pharma Index Well on its Way Back Down
- XHB Home Builder Index Approaches Critical Point
- IYT Transportation Index at Critical Point
- EEM Resumes its 7-Year Downhill Channel
- Bond Market Resumes Its Downtrend
- XLK the Year's Leader Finally Showing Weakness
- VTI Total Stock Market Index Slowly Weakening
- VXX Flirting with Huge Channel
- X Loses 11-Year Channel
- RIG Drifting Lower
- HAL 10-year Run Is Over
- AIG Still Steadily Climbing
- WFC Testing 6-Month Downhill Channel
- JPM Continues Its Strong Bull Trend
- GS Holding the Line
- QCOM Just Missed the Boat?
- ORCL Continues Its 10-Year Uphill Channel
- UAL Continues Higher
- DAL Keeps on Climbing
- F Losing Its Mojo?
- JCP Approaching A Decision Point
- EBAY Maintains Its Short Term Channel
- SINA - Will It or Won't It?
- CSIQ - Full of Energy
- BIDU Setting Up for Round 2?
- XOM Attempting a Turn Up?
- CMG - Superstar Becomes Falling Star
- MGM Backtesting Breakout of 2-Year Downhill Channel
- LVS At Long Term Support
- WYNN Basing at Support
- BBRY Really Wants More
- DIS Showing Huge Double Top
- BAC the Sideways Steady Freddy
- FSLR Breakout Coming?
- BABA Weakening at Resistance
- Has WFM Put in the Bottom?
- SCTY Ready for Round 2?
- SBUX Had Better Not Turn Downward Here
- MCD Has Developed a Rising Wedge
- TWTR Continues to Drift Lower
- GPRO To Be Let Out of the Doghouse Soon?
- PCLN Continues Its Uptrend
- NASDAQ Closes Against Major Resistance
- CAT Puts in Double Bottom at Major Support
- IBM Sideways at Major Support
- MSFT Lofty but Continues Creeping Higher
- YHOO At Pivotal Juncture
- FB Working a Bull Flag
- AMZN Toppy? Or a Little More?
- GOOGL Continues Bullish Action
- NFLX Continues to Drift Lower
- AAPL Needing Buyers at Lower Line of Short Term Ch...
- GLD Appears to be Solidifying
- TLT Approaching Another Test of its Year Long Down...
- VIX Honors Its Short Term Lower Channel Line
- UUP Dollar Index at Pivotal Spot
- OIL Behaving Weak at Lower Channel Line
- XLF Financial ETF Double Bottom Bounce Doesn't Fol...
- QQQ Still Leading the Pack
- Russell 2000 Testing Longterm Channel Line
- DOW Testing 7-Year Uphill Channel
- NASDAQ Back on Top of 7-Year Uphill Channel
- S&P 500 Still In 7-Month Downtrend
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December
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