Charts of Note

You were probably doing that just for the joke but COP is up 3.5% today after a corporate action. So this chart doesn't seem to be a "chart of note."

 

Yep, you got me. I blame tradestation

 

Here is the Russell2k Daily chart with a couple bearish signs I see.

Head and shoulders pattern

Dark Inverted Hammer (last candle to right)


(had to crop photo to make it fit)

 

Couldn't have shrunk it a little more?

(Better when the chart isn't so wide it style-breaks the page)

 

Aussie Aussie Oy Oy (We're short)

 

The underlying business is still growing - but the DOJ inquiry could shift sentiment in a big way!

 

Other major casino operations confirming (MGM, WYNN)

With the operations in Macau (offshore China) driving growth, a breakdown in this group goes hand in hand with declining expectations for Emerging Markets...

 

Australian Central Bank downgrades view on economic growth - more ammunition for cutting rates...

 

Like a hot knife through butter...

 

not looking so hot for retail apparel!