July 14, 2013

  • GLD Weekly chart shows a possible reversal candlestick setup which needs price to trade above 5 Week High EMA.
  • Daily chat is trying to stay above 20 Day SMA.
  • GAP In daily chart and Crucial Fib levels may act as resistance for bulls of GLD.
  • S&P 500 WEEKEND UPDATE
  • BOEING BEARISH VOLUME SPIKE
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  • Oracle daily chart shows 200 and 50 day SMA about to do a Bearish Death cross.
  • Daily chart is trying to fade the GAP and has closed below 20 Day SMA with a bearish Engulfing pattern.
  • More weakness for the stock on falling below 31.05. For strength price has to sustain above 20 Day SMA.
  • BOEING BEARISH VOLUME SPIKE
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  • Ebay Inc Weekly chart shows price Testing the selling zone.
  • Daily chart shows overbought RSI as price nears the resistance zone.
  • Weekly chart shows price Consolidating in a bullish rectangle pattern. Rectangle is likely to act as a continuation patter But for now price may remain inside this range.
  • BOEING BEARISH VOLUME SPIKE
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  • Weekly chart shows the up trend remains strong.
  • Week and Daily chart are at resistance levels. Daily indicators are showing overbought readings which may give a correction towards rising support line shown in second chart.
  • Weakness below 54.65, Strength above 55.9.
  • BOEING BEARISH VOLUME SPIKE

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore