Wedge has formed and price is heading into the apex now. Look for a break (can be up or down) in the next 3-4 weeks.
1) cord-cutting growth
2) content prices
– DM 12:45 PM CST
1) Gap Fill potential
2) Needs to finally get over the declining 50 SMA
3) RSI has risen above the key 50 level (& approaching a 2016 high)
– DM 12:35 PM CST
There are always a lot of eyes on $AAPL but what is everyone looking for? What is going to show itself as a clue for a “bottom” in price?
I see one divergence as price probes the bottom of this channel ….
– DM 10:55 AM CST
Gun control was in the news this week and you can see evidence of investor activity in the Weekly chart for Smith & Wesson $SWHC:
Now let’s add some crayon work:
– DM 8:30 AM CST
Here are 20 tickers worth keeping an eye on for 2016:
– DM 1:15 PM CST
- RSI near 20
CMF at the lowest level for the year
Price is back to the June break-out level, a break-out back-test
I exited the IRA position this week but will keep an eye for a solid bottom to form.
– DM 11:00 AM CST