I am having technical issues posting from any device other than my phone this morning.
So, pardon the bare-bones format of this post. The diminishing upside momentum in the market is finally showing on the major index charts now. Financials are weakening further, led by Berkshire and Wells to the downside (the two largest XLF) components. I am still working a bunch of shorts in my book, paired against some longs.
Keep an eye on AXP for further weakness as a short idea, once i have been charting for a while now. Also, the homebuilders and home construction stocks continue to falter.
On the long side, Family Dollar is still setting up reasonably well. And ALU continues to show good relative strength after its recent breakout.
What are you trading out there?
Long QID & VLO covered all others. Expect downside acceleration tomorrow.
Nice play.
That picture looks like sunrise at j-bay
I believe it is.
Big ‘Cat’ buy order filled (small starter)at $81.93
yeah, I know(?)
forward looking, here..wth
Interesting 😉
AHhh yes, it certainly is..
Legacy Oil ( LEG on TSX ) Results due next Monday. Expect a pretty good quarter…
Good ideas, thanks.