Category Archives: Trade Analysis

Goldman Sachs another example of consolidation

Goldman Sachs (GS) has been in a trading range since May. The trend is still up. A decisive break above $169.50 could take this stock to $195 easily. Patience is key in these cases because the market is showing signs … Continue reading

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Dicks Sporting Goods trying to break out

DKS is trying to break out of a trading range that started back in April last year. Keeping an eye out on this one as it may fail to set all time highs once again. I plan to wait for … Continue reading

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Japan ETF up against resistance

The iShares MSCI Japan ETF (EWJ) has been struggling to get past $12.30 since June this year. The trend is still solidly upward as seen in the daily and weekly charts. It is another example of stocks that will soon … Continue reading

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Utilities ETF uptrend still intact

The Spider Utilities ETF (XLU) has recently pulled back and it is stuck in a triangle pattern. The 200 and 50 DMAs are still trending higher. Considerable supply came in at $41 back in in May with all the “Taper … Continue reading

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GM Consolidating at Top

The chart for General Motors (GM) shows an amazing two year run that is taking a pause near its all time highs (for the new GM that is.) The company reported strong sales a couple of days ago, still it … Continue reading

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Russell (IWM) approaching support

The Russell 2000 index ETF (IWM) is approaching a strong support level just below $108 where a well defined weekly trend line and the September trading range meet. This is usually a good short term trade entry point and one … Continue reading

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Citygroup’s chart shows great potential

Citigroup has been stuck in a trading range since April this year. It encountered resistance around $50 back in August 2008, April 2010 and January 2011. What is interesting on the chart this time is that the 200 DMA has … Continue reading

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Next few days are key

The market has been showing strength for the past month and is reaching a critical supply level here. However, there are a few stocks that have been showing signs of accumulation and are poised for a breakout. Continue reading

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A Couple of Setups

With all the news out of Europe, the market is having a hard time finding direction. I am currently looking at GLD and SLV as their price action is forming clear patterns that are about to resolve one way or another. Continue reading

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Think Nimble

The price expansion continues as shown by the ATR line. The key here has been to stay nimble -even intraday- and to establish positions once a trend is establish for the day. Continue reading

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