S&P 500 Analysis Drawing a linear regression channel from the March 2009 lows with +/- 1 & 2 standard deviation channels, it looks like the S&P may be peaking out on this record bull run. As you can see, moves of 4-5 standard deviations are typical over long periods of time, this last up move being one of the largest. I believe a shorter term correction is...
Falling wedge that found a triple bottom and recently found support at a higher low. Momentarily dipped below the StDev(-2) of regression channel. Bullish divergence in both the MACD and RSI. Bullish crossover on Fisher indicator. First Price Target - $21.84. Second Price Target - $23.27.
- Stock fell below lower channel of the regression channel. Look for a steep rise to get back into channel. - Found strong support at 100 day SMA. - Bullish candles with long lower shadows - Fisher also looks like it's about to turnover - First support at 100 day SMA - Second support at $22.50 - Price target of $28.31
Bullish Consolidation Wedge. Buy on Breakout with tight stop at 13.30 or loose stop at 12.50. Price Target of 14.64. Bullish Fisher Crossover. Small Bullish divergence on Fisher as well. Bullish MACD Crossover. RSI found support level. Feel free to comment, agree/disagree, or just go on a rant =)
Looking for a continuation of bearish trend in gold after failure to break above .236 Fibonacci Tight Stop at 128.56 Target Price of 115 Bearish Fisher and MACD crossovers
- Bullish Cup and Handle Forming - First Support around 14.45 - Second Support around 13.90 - Buy on breakout above 14.97 level - Price target at 16.35 - Ride the trend till the trend tells you different Feel free to comment, agree/disagree, or just go on a rant =P -Matt
- Look for a strong potential move to the upside due to pretty strong divergence since Nov 2012 - SMA(21, 50,100) crossover confirmed a bullish trend with the stock seeming to have found a higher bottom. - SMA(200) and $60 price level will act as strong resistance. - Stock broke out of falling wedge pattern that's been forming since July 2012 - A safer way to...
- Beginning of Next Elliot Wave Series - Key support at 50% Retracement from weekly high/low - Rising RSI - Strong Volume Last Week - 1st Price Target at $29.51 - 2nd Price Target at $37.34 - Buy on Breakout above $24.43 Level, use as stop - Pay attention to price behavior when approaching wedge's upper trend line
- Bullish MA crossovers - Trending RSI - Price target of $18.03 - Buy above previous high - Use previous high, after buying, as a stop position
DDD looks like a buy (Should it hold the key 76.4 Fib level. - SMA(20,50) should act as support in the bullish case - Rising near previous highs, just not as overbought - First Price Target @ $52
Despite beating on earnings, IBM missed revenue targets last week Bearish candle last week showing low demand Look for a breakout below the 100 week MA for confirmation Price targets shown on chart . First 181.46, then 168.31 Price far above 200 week SMA. Large potential downside or mean reversion
- First sequence of another leg up after completion of the Elliot Wave Theory consolidation - Broke out above rising wedge, which was also a breakout above the 50% Fibonacci Retracement - Found significant support at the 50% Fib Retracement when drawn from the charts low in Aug to the High in March - First Price Target @ $25.81 - Second Price Target @ $28.50
- Rising Wedge Formation w/ major resistance @ $9.33 - SMA (100,200) Crossover on weekly chart - Resistance Level is @ the 50% retracement from the previous high/low - First Price Target @ $11.16 - Second Price Target @ $12.82 - Sharp recovery of last weekly candle to finish above key moving averages.