Trading Notebook: $BIG $ABBV $BABA $AMC
$BIG with heavy resistance overhead with price level and trend-line resistance. […]
Big Banks Are Shattering Resistance
Watch these big banks! Namely: JP Morgan (JPM), Citigroup (C), Bank of America (BAC) and the notorious Goldman Sachs (GS). All of them are breaking out as I am typing this and they look like they could be solid runners for the entire week. Rarely do you find them or [...]
Big Topping Pattern Forming on SPX Hourly
In my opinion the head and shoulders pattern is one of the most reliable topping patterns out there. Much more so then bullish engulfing patterns, or dojis, cup and handle patterns, or double bottoms. That is because the head and shoulders pattern represents the changing thought process in the stock [...]
Inverse Head and Shoulders on the Big Banks: $C $BAC $GS $JPM
The big banks appear to be setting up for a bigger move here. I am already long in JP Morgan (JPM), but all four of these charts are posting solid reward/risk ratios with the potential to break higher any day now. Take a look at each chart, you’ll see that [...]
FB, AMZN, NFLX, GOOGL, and AAPL All Down Big, But Market Still Up
The market is still trying to rally today, and up barely a smidge, and this is despite Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google (GOOGL) and Apple (AAPL) being ghastly in the red today. Internals are not that great either. Nothing great or trendy with the TICKS, VIX is elevated [...]
