Tuesday, August 28, 2012

Bullish Setups: GLD, JDSU, MPC, WPI, KIM

$GLD forming a bull flag or consolidation, either way watch this
$JDSU nice consolidation along the 200ma, this is poised to move higher if this hold support

$KIM in a tight consolidation pattern, could be poised for a breakout and move higher 

$MPC long consolidation, poised for a breakout, watch this one

$WPI holding this support line, potential bull flag formation, looking for this to move higher

Monday, August 20, 2012

Sprint or Verizon? S, VZ

These two charts tell very different stories.

Bearish Story
VZ was once very bullish but 3 recent bearish technical signals indicate this stock might be done moving up.

Bullish Story
S was once a very beaten up stock but has had a monster run possibly because of an iPhone 5 run. 
VZ does not appear to be this lucky so far.

Trade Idea: GME

Game Stop looking to go higher on this breakout on volume.