EOG

Charts of Interest - $MA $GWW $RL $SPG $VFC $CRM



- Energy names pulling back to prior break out areas as well as the 50d/support. APA, APC, EOG, PXD, while OXY continues to move sideways.

FFIV, CRM, VMW continuing to move sideways with in their channels.

Few others with constructive sideways action: RL, SPG, VFC, GWW, etc

















Charts of Interest - $SPY $QQQ $ALXN $V $PANL $QCOR $FFIV $HANS

Spy - Possibly forming right shoulder. Would not be confirmed until neckline is broken. Plenty of time.

QQQ Range

ALXN - Pocket pivot move as it cleared 10,21, and 50 day moving averages. Still with in this range.

CATM - On watch, with alerts set at a break of this descending trend line.

EOG- Held 50d, which is a good sign. Still watching the 105 area.

Cat testing the lower end of its range. Needs to hold. 

HANS - Pocket pivot move on Friday. Long entry thru 97.00

A couple different looks at PANL. Butterfly and descending wedge 


STMP - Descending Wedge. On the weekly, has held 21wk moving average so far. 


V - Holding up and basing. Will add thru highs. 

VMW - Possible Gartley long entry setting up here. 


Charts of Interest


Looking at the daily and weekly of the SPY. Bearish on the weekly, but if the pattern fails could spike a solid rally. With the exception of the gaps, I think daily looks pretty good. One thing I would say about the gaps for the Bulls are that the gap ups are holding for now.


ARG on watch list. 


Seen a lot of posts on the stream on CAT. I think everyone is watching the same levels.

ENB trading into new highs on Friday. Solid pocket pivot on 12/7/11.

EOG - Daily 

FFIV holding 10d on average volume. I feel the demand is there. 

GNC - watching for a break out of this small flag. 

HANS - along with Cat. I think quite a few are watching. I'm looking at entering if highs get taken out and/or follow thru day tomorrow. 


HMSY - Watching for follow thru tomorrow. 

MA and V - similar charts. Looking at adding to existing positions thru highs. 



Nice bounce on less than average volume. On watchlist for now.

N - Will enter on gap down or thru highs.

PRGO - holding 10 after a huge run. Watching for a trade thru 101.50

QCOR - pocket pivot move on Friday off the 10/21d moving averages while breaking out to new highs. Might want to consider on weakness? 

RAI on watch. Sitting on 21d. Huge volume surge on 11/17, 11/18, and 11/21

TLEO - Just recently noticed. Into new highs on Friday. 

SPG

XOM Daily & Weekly Taking out this long term descending trend line. 


TSCO - Somewhat of a longer term ascending triangle. Remaining on watchlist.


Some Charts of Interest $MELI $SPG $V $LTD $FFIV $XOM $CAT $ULTA $HANS ETC..


MELI completing it's measured move out of this descending channel and clearing highs. Held it's 91-92.00 area it broke through yesterday.


SPG creating a small flag between 121 and 125.00. Keeping an eye on it.

Solid bounce today in V on average volume. Sitting right at previous all time highs. 


LTD breaking out on huge volume today

FFIV remaining strong. Bounced today off this descending trend line that was previously resistance now acting as support. Still keeping an eye on the weekly as the measured move is back at highs near the 145 area. 


XOM tryingto dcide if it wants to break out here or now. Volume came in as it cleared its 200d. Watching the action here and keeping a close eye on it. 


SAFM 

VMW

CAT holding 10/21d today. Could see an explosive move out of this 87-98.00 range


ULTA - Watching for a move thru 75.75.00


HANS


EOG - Along with APA, APC, SM