This one is for fun. It is a yearly chart of a major firm on shaky ground in shorter-term timeframes.
See if you can name this chart, and what you think it means for the broad market, if anything.
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Joined Apr 1, 2010
8,861 Blog Posts
good game. I can not name the chart but my guess its time to have a strat of a down trend
Let’s see, steve!
ok no I know its $IBM. lets first see $195 then talk again
$192 actual 😉
Chess man, this one is too easy. I’ll take IBM for $500
Good, now what does it mean for the market?
IBM
Good–How do you think it plays out? For the market?
if it is IBM, they have been a huge beneficiary of the Emerging market boom. So their fate has been tied to the boom and bust of EM. The question now is will the EM drag our market down. I think it will at least in the short term 3-6 months as it always has (asian contagion, russian ruble crisis) now it’s just a matter of how bad will it get for Brazil, Turkey, etc.
Good points, thanks.
You are talking to the guy who thinks this country is in big trouble here. I pray that I am wrong but this will not end well. Sorry. What could create the next economic super cycle to save U.S.
IBM is a large weighting on the INDU so won’t help the DOW but QQQ is stronger at the moment
p.s. anyone know where to find individual weightings of the dow components thanks I think XOM is after IBM
zozo– http://www.indexarb.com/indexComponentWtsDJ.html
thank you sir
Because of the tall shadow in 2013, I’m gonna guess $XHB (0r $LEN $PHM–one of the home builders)…So, if I win, do I get 6 months free membership to 12631? =^.^=
Haha, it is $IBM
as stated by others it’s IBM – holds an almost 10% weightage as a DOW component which does not bode well for that Index. Meanwhile looking at the weekly volume profile it is right on the border of a large volume pocket, one that could lead price down significantly over the coming months. There seem to be no very big positive divergences developing yet. We need to remember also that the coming week will be month end and how that close plays on the monthly candle for Big Blue. I’d say a small bounce here followed by a subsequent break down into that volume pocket mentioned earlier would be very bad for the DOW in hard point terms and for the general market as well.
Thanks for the thoughts. Do you mean quarter-end? August monthly candle is complete.
sorry yeah I keep forgetting I’m looking at the year and quarter time frames…not used to those
Dow 30 charts Dow Stocks http://finviz.com/screener.ashx?v=211&t=AA,AXP,BA,BAC,CAT,CSCO,CVX,DD,DIS,GE,HD,HPQ,IBM,INTC,JNJ,JPM,KO,MCD,MMM,MRK,MSFT,PFE,PG,T,TRV,UNH,UTX,VZ,WMT,XOM … …
like this game
Thanks, got some good responses from the gallery.
could be a drinking game.
IBM honestly guessed it from your question and the chart even before going into comments
Good man, GRock!