SPY – Last weekly candle tested and rejected the long term upper trend line from the 2009 channel. I am expecting a short digestion pattern to take place over the next week or two.

 

DXY0 – US Dollar index – Possible double top pattern on the daily chart. Closed below the 8ema on the daily and could retrace a bit. Open gap to close at 83.46.

 

DISCA – Consolidation pattern on the upper range of the descending channel. Volume support just above. Watch for volume to push the price over resistance.

 

SJM – Overbought levels were worked off through time rather than price. Volume support was tested and held. First target is the upper trend line of the descending channel then recent highs.

 

ROST – Consolidating under volume resistance. Would like to see price clear higher on >2.5m shares. 20ema on the daily held.

 

CNK – Tested the longer term ascending trend line and volume support last week. Looks good for higher prices. Stochastics and relative strength turning up. Considering selling JUN 30 puts if I can get a good price. Volume on the chain is a bit low.

 

AMGN – Watching the descending trend line. 50ema on the daily held up and a small volume support shelf.

 

KMB – Major volume traded during the last two sessions and bullish price action. Tested a longer term ascending trend line and smaller descending channel. First target is volume resistance level, roughly $105.50.

 

Trade safe this week,
@AffluenzaVirus

One Response to “Watchlist 5.28.13 | Panic Station”

1. 

   Tom

   May 28, 2013 at 9:02 am

   I read this article completely on the topic of the resemblance of hottest and
   previous technologies, it’s amazing article.

Comments are closed.