Some strong weekly performances and the close of this monthly bar is going to be a clincher
WYNN - flagging on top of it's 61.8% Fib. Retracement
IYT - Transports are closing in on their all-time highs
X- put in a strong advancing move this week
FCX - Bullish Advance Block method pattern, 14% off of all-time highs
CAT - broke out of $85 resistance in a big way
NFLX - having trouble with $200, but we've seen this selling result in squeezes higher time after time.
AAPL - doesn't look like a topping pattern to me
GOOG - I guess it's conceivable that this is a double top, but the buying tail may hint at lower price support while a break of the most recent bars high could be actionable
CREE - closed outside of this channel, first step in a bull flag breakout?
Silver - bye bye...lifting off
Copper - I mean, come on!
Dollar Index - interesting...wonder what would happen if equities and the dollar start trading in lock step
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at email@example.com
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