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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (90264)	3/3/2017 4:45:07 PM
From: GROUND ZERO™	1 Recommendation Recommended By Vendit™ Respond to of 218602

Thanks for your assessment, I appreciate it, I have no sense for fundamentals, I just go with the charts since that shows exactly where the smart money is going... the DB chart doesn't look bad, in fact it looks rather good, even with today's late sell off... I think into this year DB should do well, although I have no qualms about cutting it loose if it cause me any difficulty, my stop is in place... and will just stay with the FAS, I think as you do that FAS is a no brainer... i'm also hold a good amount of that ETF... Many thanks, again... Have a great weekend!!! GZ

To: Katelew who wrote (90264)	3/4/2017 1:01:42 AM
From: Underexposed	1 Recommendation Recommended By GROUND ZERO™ Read Replies (1) \| Respond to of 218602

I will give a charting viewpoint on DB 1. P&F Chart There is a broad band of resistance at between $20.50 and $20.75.... It may be tough to pass since it is at a point that if it does pass then it is pretty clear to $23.25 (a small resistance point) then a resistance band at $25.50 to $26.25... These additional resistance would just be a bump on the road going forward. But currently we are knocking on the door of a support which is the diagonal green line... This is pretty strong IMHO as the diagonal is well defined... But if it fails we have a secondary support lower at $18.00 which should be strong as well. The support is being tested and it is dicey as to call which way it wikk go Comment: Neutral -------------------------------------------------------------------------------------------------------------------- 2. Trigger Chart 1. Starting at the top circle... up to two days ago the share price was rubbing against the resistance... now it has fallen to the support... a big jump downward but having said that the price is only slightly below the 20daySMA in a narrow bollie... So while it is to be concerned about... it is not fully bearish ...yet. Note in the P&F chart I said the price was cozy to the support and here we see the price up against the 50daySMA...I find this curious. Comment: Neutral Bearish 2. The Slow Sto never crossed 50 and now has sloped upward....any bullish breakout starts with the Slow Sto rising first so this is a positve development Comment: Mildly Bullish 3. The MACD "highs" are getting smaller and smaller and it looks like it may turn positive... It is not 100% clear at this point but looks not bad. Comment: Neutral Bullish 4. The BBWidth is not an indicator of Bull/Bear but rather it is the Trigger to a Bull/Bear event. However, look at how the BBwidth responded to approximately 5% drop in share price in 2 days....Barely a ripple nad the biggest drop was today and the BBWidth is flat in response. If we were really headed bear I would nave expected to see at least a significant uptick. So, in face of this, the BBwidth is neutral but not a bearish trigger. Comment: Neutral Bullish ---------------------------------------------------------------------------------------------------------------------------- 3. Sentiment Chart 1. Starting at the top.... This is not the throat of a BB squeeze so I don't find the Par Sar meaningful at all.... It looks somewhat similar to what happened on Jan 1 ... eventually it turned bullish but not then. Comment: None 2. The Force 100 was mildly bullish a couple of days ago.... but now it is diving toward the mud... I am going to be a bit negative here and say this is mildly bearish Comment: Mildly Bearish 3. The RSI is basically bouncing on the middle line. Comment: Neutral 4. the ADX DI+/- is still bullish with green side up... however the red/green lines are converging... we don't want to see them cross with red on top Comment: Neutral -------------------------------------------------------------------------------------------------------------------------------------------------- 4. Ichimoku chart Starting at the top..... the share price is above the green cloud but butt up against it.... falling into that green morass is not good... that would be quite bearish... But right now it is neutral but Monday it could go anywhere... so it is neutral right now.... the thin re/blue lines are lying on top of each other ... that is also neutral Comment: Neutral 2. the on Abl Volume was bullish but has recently turned flat Comment: Neutral Bullish 3. The CCI has nose dived to the center now. This is a volatile indicator and could easily rebound..or not Comment: Neutral Bullish ---------------------------------------------------------------------------------------------------------------------------------- Conclusion let's add up the totals Bullish: 0 Mildly Bullish: 1 Neutral Bullish: 4 Neutral: 4 Neutral Bearish: 1 Mildly Bearish: 1 Bearish Cancelling opposites yields Bullish: 0 Mildly Bullish: 0 Neutral Bullish: 3 Neutral: 4 Neutral Bearish: 0 Mildly Bearish: 0 Bearish Well we are left with a bullish result but by a small margin. Actually, whenever you request a technical analysis be done on a ticker there should be an accompanying question... it helps us. If the question was "Should I buy this stock? " I would advise waiting... you are better off buying a stock when rising from a support... not falling to it. If the question was "Should I sell my holdings of this stock? " I would advise waiting here as well. There is a possibility the stock will bounce off the support but I would probably set a Stop limit Sell order just below that support in case it breaks through. At any rate I would call it a wait before taking further action