Showing posts with label Technical Analysis. Show all posts
Showing posts with label Technical Analysis. Show all posts
October 12, 2014
October 11, 2014
Brief update - TruCharts.com - Week ending 10/14/2014
Brief Update - Week ending - 10/10/2014 - Stock Charts/Stock Scans
Check this chart for biotech ETF IBB - closed below 13 week moving average for 1st time in around 12 weeks. This is a major short - see the MACD and RSI - close your biotech stock positions - this sector is going down - short IBB and biotech sector. We are short GM/HPQ/SNDK and biotech sector. Next test level will be the 50 week moving average - around $244. Watch this level closely.
Here is the chart:
IBB ETF - Weekly Chart |
October 10, 2014
Stock Charts - Trucharts.com - Blog update 10/10/14
Free Stock Charts - Trucharts.com - We have been saying sell into rallies and sell biotech stocks. We are short IBB and GM/HPQ. Expect this downdraft to continue. Take profits now.
September 5, 2014
September 3, 2014
truCharts.com; Stock Charts update 9/3/2014
Stock Charts - truCharts.com - Update 9/3/2014
The DJIA and the SPY are moving within a very tight range for the last few days since the close above 2000. There may still be legs in this rally, but we advise taking profits in at least half of your positions and watch oil closely today - coming off an oversold condition - check USO and OIL - we still like these from a technical analysis point of view. BIOTECH rally is running out of steam here - very overpriced sector and over hyped. We will go long USO (full disclosure) end of day today and are long TUBE, BIS and YHOO. We will publish a technical update on the indices this week and show some technical divergences.
TruCharts team
www.trucharts.com
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