WFC is both testing its 6-month downhill channel and wrestling with the center line of its long term blue channel.
click on image to enlarge
It's too early to call which way this one will break...
Trade well my friends
Alan
Stock Market Analysis - Large Cap Swing Trades - Momentum Stocks - Low Cost Option Plays Position Trades for Self-Directed IRAs
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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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