TB:" dem ol' Turtle Blues "
I'm not optimistic; the T+2 T/A on SPYNDX is a hammer or hanging man? dilemma. But this UpWave has lifted MRK WMT DUK sectors, and for that we are grateful. I did exit BRK.B around 2090, +80; Buffett's earnings were not encouraging, TB.
RLX.X - Retail Index has an interesting DownTrend Line, Berney - connect the CLOSE on daily chart from doji 23-FEB to: 23-MAR, 19-APR, 26-MAY and 09-AUG. What makes this line so interesting is that it is at the apparent bottom of a DownTrend channel, rather than connecting the tops.
Bellwether WMT has a more symmetric apparent channel - it's right at the apparent top around here, ~47. I'd like to see WMT re-test and experience some support around 42~43 = 200d EMA.
T, I think I'm in denial or something (^_^)
I keep thinking that the company has good strategic F/A; that the stock's long-term sto is telling me to accumulate - but you know, my chart is also telling me to mind the gap 43~44, with an apparent base at ~42.
If the PNX.X - Phleet don't bounce from ~470 here at its 200d EMA, then 445 +/-10 is the apparent near target; and ~410 area the far target :-/
Barron's says: "How did aluminium suddenly become a precious metal ? "
-Steve |
