Dow Jones broke out the downtrending channel. Volume was not so heavy, so place tight stops when opening long positions.
Although the low volume, XLF did pretty well today. Still have to get over 11, to break out. Classic Inverted H&S pattern underway on this one.
It's interesting they managed to closed JPM over 34, which is a pretty tough resistence. We'll see if we can have some follow thru on this one tomorrow.
10 Year rate shooted up today over 3.10% as Fed said they will stop buying T-bonds. That sounds bullish for stocks short term.
10 Year rate shooted up today over 3.10% as Fed said they will stop buying T-bonds. That sounds bullish for stocks short term.
CRESY (Cresud) just broke out after a long period of choppines. Look for higher prices ahead.
Spy's still holding up the Bull Channel.
Bounced well off it's TL. Watch out for a possible breakout.
Spy's still holding up the Bull Channel.
Bounced well off it's TL. Watch out for a possible breakout.
Martín : espero reconsideres tu decisión de no escribir mas en castellano, ya que tus opiniones y blog son interesantes.
ReplyDeleteGracias
Diego.(carp)