I think I’m going to be uncreative this week and, at the end of each day, just toss out a bunch of charts that I found had interesting market action that day and share a few words about each of them. Maybe tomorrow, when I’m semi-conscious and less jet-lagged, I’ll do better. Here goes….
The Dow Jones Composite has finally, fully, broken its wedge. Hurrah! This is a good thing. Next goal: break the green!
Genworth Financial fell hard today, which made me feel good, since I specifically called it out (to Slope Plus subscribers, if memory serves) on the videos last weekend.
Ferro is at the bottom of its range, ready to break – – now, regretably, after hours (post-earnings) trading looks like it is going to bounce in the morning, but – – it ain’t over until Oprah sings.
BDC is making its way toward its supporting trendilne, and I think it’s got an excellent chance of breaking it (which would be big, since the trendline goes back for years).
Soufun, lastly, has a clear “lower high” – – and it has its own goal too – – break that supporting trendline!
Well, my friends, I’ve got some serious catching up to do on sleep. See you Thursday!
