Posts Tagged "Chart"
Chart of the Day – ARG, COH, COF, FCX, QSII – Stock Charts by Harry Boxer, TheTechTrader.com
02/03/10 – www.TheTechTrader.com – Airgas (ARG), a stock which had run from 26.00 to 52.00 and doubled, has rolled over and has gone from 50.00 to 41.50, bouncing back up to 45.00 near the resistant level, today gave back .41, taking it to 44.25 today. Target for this stock is around the 37.00 range. Coach (COH), which had broken a 6-month rising channel, broke hard in mid-January and for the last two weeks has formed a beautiful bear flag, right near overhead resistance and declining moving averages. Perhaps a new trend is starting here, well see going forward. Targets are 30.00, 27.00, 22.50. Capital One Financial (COF), which we added to our portfolio today going forward, had a nice break, hard in mid-January on heavy volume and has formed a bear flag on the rebound with technicals not responding very well at all. Today it’s down to 36.55 or .88 from yesterday’s close. Support around 32.00 would be the next target followed by something around 27.00. Freeport McMoRan Copper & Gold (FCX), which has gone from 16.00 to 90.00 this past year, rolled over hard in January and bounced to resistance at 70.46, gave back 2.05 today, taking it down to 70.46. Looking at targets at something around 62,00 and possibly 53.00, longer-term target somewhere down in the 44.00 range potential. Quality Systems (QSII), which has gone from 26.00 to 66.00, rolled over hard in January and barely able to bounce here. Targets going forward are a test of support around 47.00, then something maybe …
Read MoreInvested Central Chart of the Day 7.28.10
For more information, please visit our website at www.investedcentral.com ICE is a .93 billion financial company that operates regulated futures exchange and over-the-counter (OTC), markets and derivatives clearing houses. We didn’t like the action in the financial stocks on Tuesday as the Dow Jones US Financial Index touched a key resistance zone and reversed. The XLF, an ETF that tracks the financial group, opened at .95, rose to .02, then fell back to .80 on the close, printing an ominous “black candle” (reversing candle) at resistance. Because of the potential significance of this reversal in financials, we searched for a financial with weak technicals. ICE fit the bill. On its latest move lower, the MACD fell straight down. ICE has since recovered to test (and fail) its 20 day EMA. Unless ICE can close above the 9.00-9.25 level with conviction (volume), we expect to see more downward pressure on the stock. 1.50 would be our target.
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John Carter – How to Trade with 987 tick chart S&P Futures
: www.tradethemarkets.com No Hurry to Short My theme the last couple of days has been to watch for unexpected strength. The easy move in the S&P was getting to the mean. The semi-easy move was getting back to the trend line. We double-bottomed and have a three day rally in place. The question now is do we get short at these levels and expect a move to 980? Personally, I am not feeling it. I think caution is warranted here. There is no hurry to get short. A high probability exists that we get to 1175, and from there I expect things to get tough. Many people thought Steve Jobs’ death would send the price of AAPL lower. Instead, the stock closed higher. Jobs’ condition has been common knowledge for some time. The fact that the stock closed higher shows how strong the underlying market is. As expected, the dollar index continues to sell off. The dollar and AUD/JPY need to retrace to the mean. When the dollar tests its mean, it will push the S&P to 1175. In fact, the important chart in this market is not the S&P but the dollar. It is the dollar that is moving the market right now. Be aware that the market could surprise to the upside. I think a move to 1200 is more likely than a move back to the lows. Such a move is unexpected and therefore makes more sense to me. If indeed the market does roll over, we will have plenty of time to get in. Gold was quiet today. Although it might grind a little higher from here, the volatility has been sucked out of both it and silver. The same …
Read MoreFree Chart Videos . com S&P 500 Technical Analysis 9/1/2011
www.freechartvideos.com looks at the S&P 500 after the close on 9 Looks like a short term top is in now and we should head back to test support at the lower line of this potential bear flag.
