Sunday, June 21, 2009
Daily and 60 min stochs on both 5,3,3 and 12,3,3 settings
Oversold. Stoch cross on the 5,3, 3 setting on daily for XLE
Lots of bears might be sitting in a boat that could be too crowded
Based on the staggered selloff recently.
Other indexes exhbiting stoch cross on daily.
Wednesday, June 10, 2009
Still waiting for a breakout, but does look like consolidation for the next move up to the high 90's in SPY. If things really push hard, 100 is not entirely out of the question.
Monday, June 1, 2009
Despite some distribution 1-2 weeks ago, again it is surprisingly looking very possible we see another big move up in financials. Many of the index ETF's, DIA, SPY, IWM have been consolidating in a very suspicious manner.
But XLF looks very much like the last few breakouts. WFC and BAC of the bunch are especially primed. More so WFC.
Since Thursday, have been sitting on FAS.