Anybody else watching this potential head and shoulders formation on the US dollar weekly chart?
stockcharts.com[l,a]waclyymy[pb50!b200!d20,2][vc60][iUi8,1,1!La12,26,9]
MWD and GS are already near their neckline:
stockcharts.com[l,a]waclyymy[pb50!b200!d20,2][vc60][iUi8,1,1!La12,26,9]
stockcharts.com[l,a]waclyymy[pb50!b200!d20,2][vc60][iUi8,1,1!La12,26,9]
Based on my belief that both personal and commercial bankruptcies will rise dramatically this year... I'm considering an options/short play on presently overbought banking company UCBH... stockcharts.com[l,a]waclyymy[pb50!b200!d20,2][vc60][iUi8,1,1!La12,26,9]
Other ideas: ERTS daily chart hit a triple top and reversed this week. Game makers continue to be strong. ATVI and THQI still printing new highs. Just some things to consider on a Saturday, fwiw. IDPH closed below its 200 day EMA as well.
(Thanks Sharck and Devin for your read on SIAL... ie too strong fundamentally) |
