Tell this little brat that traders are always right..... Freshwater Sharks : Discovery Channel dsc.discovery.com/tv-shows/shark-week/bios/freshwater-sharks.htm‎ Learn more about the habitat of freshwater sharks,
well had some time on my hands and did a lil research on XLU i compared some stocks from that sector aginst XLU and ended up with the strongest and weakest stock ive found. some observations... it appears that both are on a springboard , if so will a resolve of the pot. springboard situation propell XLU out of the hinge? what do you guys think? Comparison XLU Vs. OEG/EE XLU H1 Strongest OEG D OEG H1 Weakest EE D EE H1
And the daily: Some entries activated on friday. XLE: LONG BIAS XLU: DO NOTHING UNTIL HINGE IS EXITED. XLF: LONG BIAS XLB: LONG BIAS XLP: DO NOTHING UNTIL 39 IS REACHED XLY: WAIT FOR LONG ABOVE 61,20 XLI: DO NOTHING UNTIL SL IS BROKEN XLK: DO NOTHING UNTIL SL IS BROKEN XLV: LONG BIAS
Trade.Fighter, You are right. If one has a plan to trade within the the hinge then who am I to object. Gringo
Technology, although in an uptrend is showing some signs of reduced demand. Price has been hovering around the mean (grey dotted line) for some time and mostly on the lower side of it. Now price is falling below the previous swing high. It's not a sign to go into panic mode but something to keep an eye on. A lot of other indexes are seemingly transitioning from purely uptrend to perhaps rest mode. We'll need more evidence before we're clear whether demand or supply holds the upper hand. Price for now is finding it difficult to stay above 32. Gringo
Google is in a trading range. It's coming down to test the lower end of this range. It's interesting to note that price wasn't able to reach the up end of this range before turning down. It's a sign of a bit of weakness in my opinion. Whether the bottom of this TR is breached is another matter altogether. Above we had the technology index slowing down. Here we have one of the tech leaders range bound. Until the range is exited I would leave this stock aside. Gringo