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A little slow into the stock charts for the coming week
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let’s begin with some with some economic data was released last week and that will become a station with regard to Janet Yellen statement
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on did the 16th with regard to rates up to be a zia I think that she’s other mind of the wheels
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are finally coming off the Federal Reserve because we it
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at expected no movement on their plot
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no shot whatsoever that they would not raise rates and why can’t they raise rates because economy is just fallen off look let the politicians
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want us to believe that we have 4.9% unemployed in this country not simply a wine it’s a manufactured number of
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and the way they arrive at that number
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is that they count in people in other parts I and implied
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and consider them fulltime but it’s a Joe Elie take a look at the economic data with a retail sales
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retail sales came in with a negative number
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the prior number was revised downward from a positive 0.2 and number two a a negative number so while I say that I believe that the
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wheels coming off the Federal Reserve it’s the cause would appear on their radar screen
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for the first time a long time is inflation inflation using the court number which the Federal
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Reserve likes to use the market had expected an increase of 0.1% they got 0.3%
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so inflation is rearing its ugly head and remember that the Federal Reserve as stated in the passive they have a an initial leases lumber
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taken as an office they wanted 6% unemployment before they’ve raised rates may also wanted a 2% inflation rate
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it now has a run rate of about 2%
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with unemployment below 5% yet they still can raise rates
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they make that shot it’s what are they doing
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we blown trailer that chided yet they they still must be doubted the pendant so another tells
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you that the economy is just falling a portfolio of a plan yet what the market still they rallied
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so members will discuss the markets on the weekend, terry market pulse check
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so stay tuned for that, terry will also discuss our holdings and would deprive its stocks that we are holding as well as some of the ones that will
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discuss on the stock charts so let’s get to the charts are watching for the coming week OK so how was a week last week while we only book
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profits and one traders one commodity trades didn’t fairly well
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the UTA C which would shoot three times long of not gas
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and did quite well we boarded down here
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where that nobody else wanted it was a bottoming out we identify that was breaking out above the upper band of this downtrend channel
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a pullback we tested that was a single by the markets that we should be buying gas’ a ad and
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subsequently just took off and we booked profits here
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on the 15 we saw this Hilo candlestick
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and that’s a sign of indecision we’re booked a quick profit
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and we did quite well locally a backlog of using a city so this is actually a watch stock for us as well
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and if you take a look of the one outshot on EU GE ASEAN even mention to members the evening that we closed out the position that I
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may have been a bit early a bit premature in closing out the trade unstable that the wac shot
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you can see that Eugene Izzy on the one outshot his
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putting in a nice flat formations but was a continuation breakout formations
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of a very good it signed a very bullish sign and you can see that we set up two of them here once on the a
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Aladdin’s van vu fortune and the 15th and soul and so for now we’re setting up another one
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so I think that Yuji AC is looking good the key is that back to Daly shot the key is that it cannot break back down into this prior flat formation
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because I’ll be technical breakdown in one of avoided a point shots are UTA say still looking good guess Friday was a down day
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but let’s face it that’s a volatile ECF
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is no real technical breakdown in just a pullback volume was high stokes still look good
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I remain bullish on it you gas’ a
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DW tse I this is why one over last Wednesday on the
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number stock Charlie class where we discussed symbols of numbers submit a form a new review
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on a video at that Point I’m I said all avoided the WTI because I thought was going lower
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then eight dead and really pull back on
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but on Friday we flashed a bullish can reverse a love that right out for move higher off of historical support
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does that mean it that the delete CIA is done going down
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not yet done done them and make that call yet but it’s looking fairly bullish because we’re leaning into
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this
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resistance level we have and cleanly broken out yet some not ready to say that the WTI is a along at this Point I’m but it could be close so
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we’ll be looking for a move higher to break out above these upper band of resistance
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on the deluge CIA and will look to get along with the name volume was very good on Friday in institutional team elation
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stokes looking mature mackey’s room looking very mature boulder ploys to possibly move
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higher the limelight as Rabin top one stokes not quite yet
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but they are beginning to show signs of life but state acquittal that the weekly chart as a one
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identify whether his historical support and are we at it and take a look at the weekly chart
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you can say
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that we bounced off of historical support on Friday a good sign what we could bounce around here for a couple more weeks
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allotted distribution on volume
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so the derby and CIA is looking a good on both a weekly and daily base someone going in a
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Monday morning please which is watch and stall Celgene Daly shot
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we have a a double bottom side of the first leg of that double bottom was formed it back here during the
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opening weeks of February we rally that pulled back now on Friday we broke out above this upper band of resistance
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so Celgene is looking good
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and that breakout came on a rising up volume very bullish
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so Celgene base of looking
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good is well now word of caution as we take a look of the weekly chart
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is that we are trading down below historical support so what we need to do is we need to
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see strength on his cell gene and Easter rally up and threw
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let’s call at 10150
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then I would be a buyer of the shares not until then
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because what we won a division one a buy aid of the fact the fact is a breakout above the summer band of resistance not in the hope that it will
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as stands right now on a higher level view a weekly chart vs. daily chart the stock has broken down below
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key support so be it cautions the hierarchy is that the weekly chart has a
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strongly influence on hour trading decisions that what the daily chart dollars so does the cattle
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on bullish on a daily chart not quite there yet on the weekly chart but I am optimistic
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Bridgeport education and
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Daly shot we have are assigned above 86 all over this one last weekend and this is a possible short at that point of it are assigned it was
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slightly higher the lower right now the shares have held in there but I still believe that the path of least resistance remains of the downside on
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the Bridgeport stokes is still moving higher so what this tells me is that I need to take a look of the weekly shot because the shares still a
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support its it would close off of the lows on Friday
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so is some support below so will we need to do is we need to take a look into weekly chart
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and then identify where a lot of the Sellers and because those are the folks are the help us if we decide the shortest name the help us the cause
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of those are the buyers that were buying of months ago
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added incentive is downward move on BPI a toilet is the money back its civil psychology solicit with a weekly shot and is the attic we
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have resistance above outlets caught 1123 last seen back in February 15 so little over a year ago
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these people that bought back here
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and a club like baby seals all that one is their money back
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sold a minute that we had 1123 going to see Sellers move in
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and get made a hole that is where we believe that the best wrist reward entry point is
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from a short perspective
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right now does a woman too much risk
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soared O’Leary is to
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minimize risk and maximize reward all of a 23 as a number next shot up is a ball but Bio
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but so what we’re seeing here
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is the possibility of a breakout a double bottom setup we had bottomed out in early January made to early January
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we rallied pullback for the higher low and was off to the races we sense pulled back
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now as long as we’re holding 4280 and beginning to break out above his upper band of resistors well then
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the shares look into statement from a mystery what basis because we have a lot of upside reward and as long as we use a stopwatch like
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below 42 lady will then the downside risk is pretty minimal
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so we’re looking to give long of the Liu E Friday we pulled back I believe that where retesting the
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breakout point stokes have a double bottom set of forming which is very very bullish
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double bottom set up on all the Minot Slater higher lows getting put in bullish
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numbers will take a look of the intraday chart on it be Liu E up on the weekend, say immediately following the stock charts night the weekly shot
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all what we seen it in a recent weeks on night he is a breakout above this upper band of
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resistance now we closed on Friday at resistance
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we can’t buy just yet but it’s looking promising looks as if it wants to break out above $64.00 per share
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when we close 60 to 99 some slow to the dollar to pay to go I would rather pay more
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to buy the shares on a clean break out and then buy them what a closed on Friday again we wanna buy and the fact
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the fat being a breakout
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rather than buy on the whole
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now on RS I was a former king and again we have broken out
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the shares looking good
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volume last week was slightly above average bullish
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the indicators a looking really good
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both lines on stokes above 50
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back teenagers may go positive higher lows on it wins settings are let’s take a look at the daily shot
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but so the daily shot we saw Friday that was not a good day we had a bears universal
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and a with this reaction this a price action on Friday
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icon in even more optimistic because once probably going to happen here is a problem
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going to pull back and read cessna’s breakout point now where should that retest look like
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if we pull back and retest is not a blue line because remember eyes of the 16 this was acting as resistance
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so if we pull back
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retested and put in a
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bullish universal like a song on December 22 this formation
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if we bounce off of this blue line and that’s a buy signal that’s a retest what was resistance is now support
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by all day long
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volume on Friday was high
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but again I would let that bother me too much we want the shares to pull back before we got mal
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is seeing higher lows on the
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the stochastic we still have
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lower highs set trainees to get broken so look for a pullback on nightie members will keep an eye on this one note higher lows on our
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assigned yet we have a breakout a higher high on our aside for looking indicator alike 90 looking good
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for the next shot up in and now the ocean ¬holdings we’re
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discusses one last Wednesday on the stock charts post on the block we have a breakout
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above his upper band of resistance very very bullish
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we’re sol follow through to the long side and on Friday until a daily Charlene up before the daily
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shows finish off the observations on a weekly chart so we had a breakout
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last week there are a sign
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volumes below average
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that’s a bit of a concern that a reason to stay away though
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all the slayer no breakout of last week but move higher which is good
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slow stochastic begin to break out
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so that chart of eight and is looking good Daly shot
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we had a broken out of this triangle formation and discuss this last
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Wednesday we at a bullish to verso on Friday meeting to try to take it down big they couldn’t do it buyers came in been enough this is the
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market sending the signal their of more buyers then there are Sellers a simple supply and demand
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so low probability the shares on moving higher
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watch for breakout above the 167
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when we close 165
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volume on Friday was excellent really really good
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we broke out on a stroke at sticks
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beautiful chart so at am is looking strong
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cocaine at flex Daly shot
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on
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I was discussing that clicks on a weekly basis daily basis of role
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once ago
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we were short of the name and we did quite well with it now it’s back on our radar screen because now one at resistance so I can go
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either way meeting I could buy on a breakout Ike is short on a breakdown I really don’t have a dog and this fight so I does one make money
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and I’m sure you detail so on
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Friday we’ll move higher the shares sold off of the 102.5 level
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so the question becomes well can lose its shares from back here overwhelmed by a switch right to set it up and threw 1 to 2.50 if they
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manage to close above one of 2.5 will look to buy the shares
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if they move it down to below this long banner support will look too short to shares
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volume is rising a but still below average so the probability
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of the shares of breaking out above this upper band of resistance
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bit since becoming a less and less optimistic fort netflix
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you can see that on old DOS later were making the lower highs that’s not good that’s the merge is a signal by the market
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now the stokes look pretty good idea of a double bottom setup possibly that points to move higher so we can’t based upon this simple price
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action on Friday make a determination one way to which way we believe novel to go to go neff
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little solace which way it’s going to go all the markets will be that for us
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now let’s take a look at the
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weekly chart dollar weekly basis you can ignore the fact that four weeks ago we managed to break out and above this upper band of
231
00:17:01,400 –> 00:17:06,766
232
00:17:06,766 –> 00:17:10,866
now support prior resistance at 9451
233
00:17:10,866 –> 00:17:15,599
when we’ve spent the past several weeks above that level so we have to give the eye the continuation breakout higher
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00:17:15,600 –> 00:17:18,966
235
00:17:18,966 –> 00:17:21,566
tool of the alongs the name
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00:17:21,566 –> 00:17:31,799
so by its favor Boltz no doubt even though we get higher above the supper band of prior resistance are a size yet to break out above 50
237
00:17:31,800 –> 00:17:38,633
the the neutral level volume last week very very weak well below average
238
00:17:38,633 –> 00:17:38,799
239
00:17:38,800 –> 00:17:40,566
that’s the good of the two outshot the latter charge of king insisting we pulled back Dodi Star formation file to rise of trade on Friday
240
00:17:40,566 –> 00:17:47,032
241
00:17:47,033 –> 00:17:50,699
the shares may be consolidating employs for a move higher
242
00:17:50,700 –> 00:17:54,500
so keep an eye and netflix again we don’t care which way it goes up are dow will trade in the direction the markets as the shares want to go
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00:17:54,500 –> 00:17:57,066
and that’s it for this week the stock charts folks and we have a great weekend of a profitable
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00:17:57,066 –> 00:17:59,632
week next week and I will talk to some members
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00:17:59,633 –> 00:18:06,866
246
00:18:06,866 –> 00:18:08,366
let’s roll into the weekend, terry
