tag:blogger.com,1999:blog-27996545344556313242024-02-21T04:59:57.947-06:00The Stock Market ViewpointStock Market Analysis - Large Cap Swing Trades - Momentum Stocks - Low Cost Option Plays
Position Trades for Self-Directed IRAsAlan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comBlogger792125tag:blogger.com,1999:blog-2799654534455631324.post-63275672271789161792017-12-31T20:44:00.001-06:002017-12-31T20:44:15.506-06:00NEM Another Gold Miner Looking Very Bullish<div style="text-align: justify;">
NEM also has its own break out setup ready for commencement.</div>
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It wouldn't take much broad market negativity to kick-start a run higher on NEM.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-58077887191955400172017-12-31T20:39:00.002-06:002017-12-31T20:39:57.769-06:00GDX - Big Triangle Sitting On Lower Channel Line<div style="text-align: justify;">
GDX has spent the past year and a half building a perfect triangle on the lower line of its four year blue channel.</div>
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It's quite possible that GDX could be the flavor of the month for January through February and March.</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-87204851373779512302017-12-31T20:36:00.002-06:002017-12-31T20:36:32.110-06:00EEM Looks To Keep Its Bullish Chart<div style="text-align: justify;">
EEM, Emerging Markets ETF, appears to be at a double resistance level with its upper green channel line and its center blue channel line.</div>
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Examining the price bars closely, we see that it has instead been building a bullish price pattern and closed at the high of this week's bar lending to the argument that it could be about to break out of both channels if the US stock market turns sour in the first quarter.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-84106261473505536592017-12-31T20:32:00.000-06:002017-12-31T20:32:02.901-06:00CSCO Over Does ItSeveral weeks ago, CSCO rocketed up like it was the 1999 dotcom bubble again.<div>
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Unfortunately, it is an odds on favorite to experience some pain here shortly.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-21500515590983162182017-12-31T20:27:00.002-06:002017-12-31T20:27:38.643-06:00ORCL Continues the Slow Controlled Drift Lower<div style="text-align: justify;">
ORCL is obviously pulling back from the upper line of its black master channel but in an orderly fashion. </div>
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If you are quick you can make some dollars each time ORCL darts from the lower red line to the upper red line of its descending channel. The big decision point will happen in a couple of months when the red line and the blue line and the black line all converge.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-41665238164126680752017-12-31T20:23:00.001-06:002017-12-31T20:23:02.788-06:00WMT Clinging To Its Upper Channel Line<div style="text-align: justify;">
WMT had an amazing spike here recently that took it up to its upper brown channel line and is now all but refusing to let go of it.</div>
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If the upper red channel line was a little steeper and closer, it might try to consolidate sideways over to it but that seems like too much to ask for.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-89013479902070121302017-12-31T20:17:00.000-06:002017-12-31T20:17:13.485-06:00DAL Looks Done<div style="text-align: justify;">
Delta Airlines on the other hand just stalled out at its upper blue trend line for the fifth time in the past three years. </div>
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If history serves, DAL may be about to experience a downdraft.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-24602094522287286882017-12-31T20:13:00.001-06:002017-12-31T20:13:32.717-06:00UAL About To Begin a Move Up?<div style="text-align: justify;">
UAL just put in a double bottom on its long term black channel line and is moving up from it.</div>
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If it can break $70 then channel recovery play alerts should go off (regaining blue channel) and we may have a runner.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-65416904398272448822017-12-31T20:07:00.005-06:002017-12-31T20:07:49.986-06:00HD - Stick a Fork In It<div style="text-align: justify;">
HD recently took off blasting through channel lines and it is up in the atmosphere now. </div>
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A lot of investors will be betting that this stock will find gravity for the first time in a long time.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-81713857018541525682017-12-31T20:04:00.001-06:002017-12-31T20:04:24.238-06:00UPS Is A Mixed Read HereThe past few months UPS has been lingering in the upper part of its blue channel seemingly waiting for the journey back down to the lower line of the blue channel.<div>
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Last month, however, UPS had a huge spike up from the lower red channel line but immediately gave a great deal of it back whipsaw fashion. It is currently trying to consolidate on top of the upper line of the brown channel but still not giving a read on what comes next.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-22713336221179744152017-12-31T18:38:00.002-06:002017-12-31T18:38:42.769-06:00GE Close To a Reversal Upward?<div style="text-align: justify;">
GE has sold relentlessly for the past year slipping through channel after channel.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTJ7Ai_xdXohBfLhOni60J9UKHCDoELsQLUSbPngPARRqBCQm0PyW9BjwC8KHNeQ0q7PYZhwMm0h1zX7-g5zmK96EHQ_nXWnmJzFtx-_TL3Xi_lkc3bphNW1Y0ajpehA8cAbZr3jRBI4o/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="825" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTJ7Ai_xdXohBfLhOni60J9UKHCDoELsQLUSbPngPARRqBCQm0PyW9BjwC8KHNeQ0q7PYZhwMm0h1zX7-g5zmK96EHQ_nXWnmJzFtx-_TL3Xi_lkc3bphNW1Y0ajpehA8cAbZr3jRBI4o/s320/chart.jpg" width="320" /></a></div>
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GE has finally settled down on a channel line that looks like it might be able to hold. With just a little bullish price action for a few weekly bars, GE might very well join its old dog stock buddy IBM in a renaissance rally if the broad market gets ugly in the first quarter.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-30162442442123761942017-12-31T18:31:00.000-06:002017-12-31T18:31:27.221-06:00MA - Indigestion Ahead?<div style="text-align: justify;">
MA has one beautiful chart going all the way back to the beginning but now it is starting to appear that it may be done for a while.</div>
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You could say that the only thing keeping MA where it is at are bullish hopes.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-76519716503961384172017-12-31T18:26:00.000-06:002017-12-31T18:26:40.747-06:00BABA Has Lots of Air Under It<div style="text-align: justify;">
BABA ran strong all year but began breaking down a few weeks ago and now finds itself weak and well above its dominant channel (show with blue lines).</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6gEWm2JVGSnbefPEC5DiGKaYe-BeziZVG459ToGt31x8rCXQ0ivG_K0uCtYaPsP0niZzAEwL6L2W4g7f_lUFRGhUZdXViiHXsyvslXYFobis7oNXYSpV2lZXUQf3myGXyIJe5kBm3gDU/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="826" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6gEWm2JVGSnbefPEC5DiGKaYe-BeziZVG459ToGt31x8rCXQ0ivG_K0uCtYaPsP0niZzAEwL6L2W4g7f_lUFRGhUZdXViiHXsyvslXYFobis7oNXYSpV2lZXUQf3myGXyIJe5kBm3gDU/s320/chart.jpg" width="320" /></a></div>
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BABA really doesn't have any support lines or short term channels to help it if it starts heading back to its blue channel.</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-646827455683275642017-12-31T18:21:00.001-06:002017-12-31T18:22:22.607-06:00IBM Beginning a Run?<div style="text-align: justify;">
IBM took a nasty fall the first half of the year but after bouncing off the ceiling of its long term brown channel it immediately popped out of its descending blue channel again.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-qXliOyk_OrtCiK8pfe30r5Nl8doQdwK1TGukVW2Lz1xglbvJb9ywGJpJn3FquB_BAnKH0jOB0HUy5Cwqea7T2XqU61Twqv2UPqTKUOkEhUZ9EN7CVRaH1pSMhxRsqLqjEwVVwPHXw_o/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="825" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-qXliOyk_OrtCiK8pfe30r5Nl8doQdwK1TGukVW2Lz1xglbvJb9ywGJpJn3FquB_BAnKH0jOB0HUy5Cwqea7T2XqU61Twqv2UPqTKUOkEhUZ9EN7CVRaH1pSMhxRsqLqjEwVVwPHXw_o/s320/chart.jpg" width="320" /></a></div>
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As energetic as IBM has looked for the past several weeks, it may be positioning itself as a contra-market play if the broad market of stocks sell off in the next few months. IBM is obviously determined to regain its long term ascending black line channel which is an exceptionally tall channel.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-488884738699748812017-12-31T18:13:00.000-06:002017-12-31T18:13:11.675-06:00BIDU Holding Steady At a Neutral Bias<div style="text-align: justify;">
BIDU has spent the past month basing on its center line of its long term master channel (shown with black lines).</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE-rqCK46mRbngLwmGuKxwDVHme2sts19GdtWzOsHYS_mZMFXasRVQpy0_b8ut-CWwGtTvij98PkRFqDYAQJZLz9TtUg8PsGkrECK7K-b7EJgPzLD3ya8-64szDBgIwxeDjEA_qvTLPSg/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="824" data-original-width="1600" height="164" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE-rqCK46mRbngLwmGuKxwDVHme2sts19GdtWzOsHYS_mZMFXasRVQpy0_b8ut-CWwGtTvij98PkRFqDYAQJZLz9TtUg8PsGkrECK7K-b7EJgPzLD3ya8-64szDBgIwxeDjEA_qvTLPSg/s320/chart.jpg" width="320" /></a></div>
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A lot of stocks that are selling are going right through the center line of their primary channels. BIDU has spent the past five weeks defying the lower half of its channel. It is one to be watched.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-40801593917154090042017-12-31T18:07:00.002-06:002017-12-31T18:07:40.717-06:00SNAP - OUCH!<div style="text-align: justify;">
SNAP took a smack down last week that may take a little while to recover from.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic-C0UTGyKyREwuVN9-BQIuNV_cGU4PVvMYq2dHd_jFuVmP8flZtWi6RGsqeuicDHRKjoCTK1_rd0347qBptnwQK3XpMtpEsHJeF7-Bc2eDc9YtNDm8GgfF6pCJvUlIaN-qfQs3orL23s/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="825" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic-C0UTGyKyREwuVN9-BQIuNV_cGU4PVvMYq2dHd_jFuVmP8flZtWi6RGsqeuicDHRKjoCTK1_rd0347qBptnwQK3XpMtpEsHJeF7-Bc2eDc9YtNDm8GgfF6pCJvUlIaN-qfQs3orL23s/s320/chart.jpg" width="320" /></a></div>
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There's not much bullishness to be found in SNAP's chart right now outside of the hope that if it falls lower down to its blue channel line that it will stay out of it.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-60508595882625857152017-12-31T17:58:00.002-06:002017-12-31T17:58:57.738-06:00DIS Done For Now?<div style="text-align: justify;">
Disney has been trading in a perfect descending channel for the past 2.5 years (shown with red lines).</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNbIQqD9krpuHxO0V5AEQSHLZhityw38fFUScCJuO-i5H1Nltv7_IA7gPlKQEz67fmBDUHwAaJhYUOOuGtSj_tc0U5qeILk8LX6nGyC8VD0B4xrqZ_fcb7bd8sFlyxkPNcbp68wmdjajI/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="826" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNbIQqD9krpuHxO0V5AEQSHLZhityw38fFUScCJuO-i5H1Nltv7_IA7gPlKQEz67fmBDUHwAaJhYUOOuGtSj_tc0U5qeILk8LX6nGyC8VD0B4xrqZ_fcb7bd8sFlyxkPNcbp68wmdjajI/s320/chart.jpg" width="320" /></a></div>
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In the long run, this channel may end up proving to be a bull flag / pennant. In the short run, however, the upper red trend line that has four marker points now is showing to be a firm line.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-75574412907512260112017-12-31T17:53:00.004-06:002017-12-31T17:53:43.135-06:00MGM Looks Determined At Breakout Level<div style="text-align: justify;">
Over the past nine months MGM has been repeatedly trying to get back into its 2004 to 2008 black line channel.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyZkau13v1m0s27usoV8n802XpmZls8rBy_BAZuPSw930SkXAWv9o6grmrXC0JkXjrfUOXbEFhlXK2EG8x52aA65TihlKCp0dCUaQa2GrqR8XnmKFuPTefF0BMH2JqsV_UvP4URVJfqyo/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="837" data-original-width="1582" height="169" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyZkau13v1m0s27usoV8n802XpmZls8rBy_BAZuPSw930SkXAWv9o6grmrXC0JkXjrfUOXbEFhlXK2EG8x52aA65TihlKCp0dCUaQa2GrqR8XnmKFuPTefF0BMH2JqsV_UvP4URVJfqyo/s320/chart.jpg" width="320" /></a></div>
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After its first few tries failing, MGM found support again at the bottom line of its red ascending channel and looks to be holding right underneath the black line channel now. This just might be the breakout that goes.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-81738340743239779782017-12-31T17:49:00.000-06:002017-12-31T17:49:12.215-06:00WYNN Looking Strong<div style="text-align: justify;">
Wynn Resorts has been running for an entire year and has recently broken out of its 2-year blue line ascending channel without maxing out in its one year red line channel.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn4oUDACKu1t-k9cJUWHKubGndBKoJLbP1eF1zCAFAFwTUJd_eJh1l-mg8AB3UqxwjXtvJPoOQ0JHAFBCMPU1RHFxkT_O1UiAUNPOuLEDa9pt9j4B8icMnQm278Dw9BhqmGSAFlAb44sM/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="828" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn4oUDACKu1t-k9cJUWHKubGndBKoJLbP1eF1zCAFAFwTUJd_eJh1l-mg8AB3UqxwjXtvJPoOQ0JHAFBCMPU1RHFxkT_O1UiAUNPOuLEDa9pt9j4B8icMnQm278Dw9BhqmGSAFlAb44sM/s320/chart.jpg" width="320" /></a></div>
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If WYNN wants to declare the red channel as its dominant channel it needs to consolidate sideways on the top of its upper blue channel line then morph into a bullish price pattern that it can lift from.</div>
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Trade well my friends</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-68609077789459325322017-12-31T17:19:00.001-06:002017-12-31T17:19:21.148-06:00LVS Stil In 2-Year Ascending ChannelAs LVS has climbed higher over the past two years it has become more aggressive as each time it stops at its upper red channel line it has a smaller pullback before it starts back again.<div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXAffTXtu2ruJRBbhzPikeEhY-2vnLjWqtnRWWafFzVMZUh9cy-A1idsDqo_ZToKNlQ8A5EvDtovy4q0HgirhuTwwWXWs4hQ7jJfgEGnFV-FJ31U0xLVlGg-bjk6RBE6CRMjzm_zt_uso/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="829" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXAffTXtu2ruJRBbhzPikeEhY-2vnLjWqtnRWWafFzVMZUh9cy-A1idsDqo_ZToKNlQ8A5EvDtovy4q0HgirhuTwwWXWs4hQ7jJfgEGnFV-FJ31U0xLVlGg-bjk6RBE6CRMjzm_zt_uso/s320/chart.jpg" width="320" /></a></div>
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Obviously, right now LVS could have a pullback.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-46984855385846932152017-12-31T17:14:00.002-06:002017-12-31T17:14:23.160-06:00RIG Nothing To Get Excited About Right Now<div style="text-align: justify;">
RIG has spent the past two years at the bottom of its chart.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXJHWJHTou-a0E6Y_QjFjcuOQuN6Wj3V2YAk356zOQ5YorB10exBcTXU8rCN3_COob0UW0aXO8jnVb-L4oVIaI2DHLomNAqYjrLnqHeVwL61uSLVuhKEl6R79n177pkIJYpl1vl-2roiE/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="824" data-original-width="1600" height="164" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXJHWJHTou-a0E6Y_QjFjcuOQuN6Wj3V2YAk356zOQ5YorB10exBcTXU8rCN3_COob0UW0aXO8jnVb-L4oVIaI2DHLomNAqYjrLnqHeVwL61uSLVuhKEl6R79n177pkIJYpl1vl-2roiE/s320/chart.jpg" width="320" /></a></div>
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While there is still some money that could be made in RIG's current red channel, serious investors will have to see it break free of the red channel before going back in.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-56257223239320440352017-12-31T17:09:00.000-06:002017-12-31T17:09:38.165-06:00CVX Maintains Its Bullish Chart<div style="text-align: justify;">
CVX continues to climb higher off its double trend line reversal this time last year.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTf5BpK1gIRTNc-VURDtPMkrQsTt2JPMhtKK57Y3t_d-MPicmztDjyuQmeAtgUX70UvhQuMwdH2try7yg-rvQJ0dUYl7n4EoFLLOZ9Ywx1DOfIvcGsyxMH_cRYS-gwqlbSQqAYpdcmAx8/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="826" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTf5BpK1gIRTNc-VURDtPMkrQsTt2JPMhtKK57Y3t_d-MPicmztDjyuQmeAtgUX70UvhQuMwdH2try7yg-rvQJ0dUYl7n4EoFLLOZ9Ywx1DOfIvcGsyxMH_cRYS-gwqlbSQqAYpdcmAx8/s320/chart.jpg" width="320" /></a></div>
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While CVX is obviously ahead of itself the past couple of weeks investors will be looking for it to consolidate at its lower line of its red line 1-year ascension channel and once again push higher.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-86376098276017177942017-12-31T17:05:00.000-06:002017-12-31T17:05:27.339-06:00CHK Exists It's 1-Year Declining Channel<div style="text-align: justify;">
CHK has now exited its 1-year declining channel but we can't exactly call it a breakout.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhy1nsg0jtCftOb2XOxT6j-bhKa3RDHb195a-M6nQH-FzSvub9-ZHJkqB__gdHDxU0OLWDCeXxI9Na2GFJ6cOpb1MeCxV5t-AAtGC3468hua7yGkfukOZPB-FoQZASqMG95k-75rTsnQqE/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="833" data-original-width="1561" height="170" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhy1nsg0jtCftOb2XOxT6j-bhKa3RDHb195a-M6nQH-FzSvub9-ZHJkqB__gdHDxU0OLWDCeXxI9Na2GFJ6cOpb1MeCxV5t-AAtGC3468hua7yGkfukOZPB-FoQZASqMG95k-75rTsnQqE/s320/chart.jpg" width="320" /></a></div>
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CHK is more of a multi-month sideways stumbling that is creating a new super small horizontal channel that will give it its break out level if it happens.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-63065416695317348352017-12-31T17:00:00.002-06:002017-12-31T17:00:57.043-06:00XOM Struggling With $84 Shelf<div style="text-align: justify;">
While XOM recently bottomed at its 13-year ascending channel's lower line (shown in black) and it has also declared itself free of its 11-year descending channel (show in brown) it keeps finding resistance at its $84 level over the past year.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPSfoJuw3zuwlCdMPmQ-U4dJrIPIQgFZ7RF_0aOTeNR4_S7zUMELrn5IC3nWA0iLhj6nRcpR0f6zwsBPuU5jsfqhtYScbSM2J9UeEjJFuHuUh7KTA7J6J2riJmVJq_SUXQU7YCJn0MnZw/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="827" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPSfoJuw3zuwlCdMPmQ-U4dJrIPIQgFZ7RF_0aOTeNR4_S7zUMELrn5IC3nWA0iLhj6nRcpR0f6zwsBPuU5jsfqhtYScbSM2J9UeEjJFuHuUh7KTA7J6J2riJmVJq_SUXQU7YCJn0MnZw/s320/chart.jpg" width="320" /></a></div>
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It can be argued that the past year's trading is basically a large inverted head and shoulders pattern but it will need a convincing breakout when the $84 resistance has been there for nearly a year.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.comtag:blogger.com,1999:blog-2799654534455631324.post-51626531460873366372017-12-31T16:55:00.002-06:002017-12-31T16:55:49.823-06:00VLO Looks Overdone<div style="text-align: justify;">
VLO has had a great run after its bull flag breakout earlier this year (shown with brown lines) but now appears to be overextended.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLu99Nj8K2G6th31ujXAsT6oFJn2haqTU1ezNs7pIhG_IlfC0nT0PnPOO1VH048JqXv4JABZKXaA-b_5zQRE-ZhMGZC7Cq31k1efRseusjgj2bERwToR6fhYYa78npNSkXlOQe9zOwd0U/s1600/chart.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="825" data-original-width="1600" height="165" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLu99Nj8K2G6th31ujXAsT6oFJn2haqTU1ezNs7pIhG_IlfC0nT0PnPOO1VH048JqXv4JABZKXaA-b_5zQRE-ZhMGZC7Cq31k1efRseusjgj2bERwToR6fhYYa78npNSkXlOQe9zOwd0U/s320/chart.jpg" width="320" /></a></div>
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If you measure the height of the flag channel you can see that the run has exceeded the standard measure for that height flag.</div>
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Trade well my friends</div>
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Alan</div>
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Alan Bradleyhttp://www.blogger.com/profile/16418766631223844845noreply@blogger.com