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