The very resilient DNKN is a long idea on any further strength on Tuesday, seen on the first daily chart below putting in a tight bull flag-over-base pattern. I would place a stop-loss under $48.

And on the short side, I am seeing quite a few charts like FedEx, second one below, which could have easily been bear-flagging up to its declining 20-day moving average. However, in a bull market it is best to look for actual weakness now and the rollover, instead of assuming it.

Drop me your top tickers overnight.

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The Traitor President- Jefferson Davis

All of my southern readers can feel free to vent their frustrations for that “recent unpleasantness” down south in the Civil War, as well as with the documentary of the traitor president.

http://www.youtube.com/watch?v=KhdKUPOQh4w

And for something more close to the vest on this holiday, here is an excellent documentary: Pari I. of the History Channel Presidents series.

http://www.youtube.com/watch?v=69KWGYGVirE

Also, it is still not too late to check out my latest Weekly Strategy Session published on Sunday.

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I have two Presidents’ Day charts for you. Both of these charts have been taking their sweet old time to develop from the aforementioned patterns.

We should know within short order whether the Dow Jones Industrial Average’s quarterly chart, first below, will breach or get turned away from the resistance trendline of the massive “megaphone” pattern (light blue lines) I have drawn for you. I have presented this timeframe to you before, and even with the resilient bull intact you can see the upper trendline causing some friction.

Next, keep an eye on Mexico’s benchmark again, second chart below. The recent consolidation after an initial sell-off into last summer is likely to resolve soon. EWW is the country ETF.

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A big congratulations to multiple “Name That Chart” winner, “KenMora” for correctly guessing the mystery chart from my last post.

As Ken noted, the chart a multi-year view of CMP, the rock salt, minerals play.

Specifically, here is what Ken had to say:

Compass Minerals, CMP.
Minerals/mining
Going to move higher through the winter.

I tend to agree with Ken that this is a long idea, logically based on the heavy snow in many parts of the country this winter, as well as the decent technicals.

What do you think?

Thank you to everyone who played.

I will be back later with ideas for Tuesday.

But I already gave tight analysis in my latest Weekly Strategy Session published, earlier today. Check it out!

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Hint this week: This chart dates back to 2007.

Try to guess:

1. The ticker symbol of the chart;
2. The sector in which the stock trades; and
3. Whether or not you think the stock will move higher or lower throughout the end of the winter months.

Thank you to everyone who has been playing along.

Please click on chart to enlarge

[Members: My latest Weekly Strategy Session has been published]

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A fascinating video for the chess fans out there, featuring Gary Kasparov in the chess world championship final; 1990, Lyon.

Back with some charts later.

 

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