Market Analysis Week of OCT 22

This is not the time to be buying. I'm looking for a confirmation of some solid buying before I step in long. If we continue to see lower prices I will consider many short opportunities I'm setting up.

A sideways moving transports is printing lower lows. This could be trouble for the markets. Watch the 50ma level to hold. If not this could be a rollover which would NOT be good for the rest of the market.

Right on support with a big volume down day. Next stop the 200ma if we see more downside. 

Broke through support, looking very weak after consecutive lower highs and big selling vol. Not the place to be.

Resting on support. Trading in tandem with the fib retracement scale. The selling vol and lower highs suggest this downward move could be just getting started.

Closing right on lower support. Lower highs and big selling volume could mean more downside for the small caps.

Weekly Watchlist: ARNA, CBD, FLR, HIG, LNKD, NOV, S, USO, YELP

Flirting with resistance, B-bands getting tighter, looks poised for a breakout. Watch the 9.50 level

Bounce off support, trending nicely

Coiled up against resistance, could be gearing to move higher

Look for this to hold above the 19 level, looks like it could keep moving up

Consolidation on support, looks poised to move higher

Trending along this support channel, looking for a nice bounce

Broke out of a volatility squeeze and looking ready to move higher

Watch this resistance line, further selling next week could be a short opportunity

Coiling as its building volume, looks very poised to move higher

Oil: 3 Month outlook USO

Bullish factors to watch for:
1. Breakout from volatility squeeze
2. Dollar dropping, inflation increasing, causing oil to rise.
3. Rising tensions once again in the middle east.
4. Seasonal pattern is bullish for this time of year.

Oil breaking above the 200ma and breaking out of a volatility squeeze

Weekly Watchlist: KIM, MNST, NFLX, S, WPI, YELP

Watch the Bollinger Band expansion after this consolidation breakout. This stock is headed higher.

SHORT PLAY: Previous high flyer heading lower. Look at the decreased vol on friday following a 5% move up.

Could be a potential bottom here, several days of buying volume with an 8th day breakout. 

Watch this squeeze here, note the tightened bollinger bands. Hight breakout potential this week.

Consolidating, looks poised to move higher.

Watch this consolidation pushing up along resistance, could be a breakout.

Bullish Set-ups: FLR, NBL, ROSE, CBD, CRM, IBB, NOV

Watch this breakout, promising sales and eps growth

Breakout on strong volume

Look for an entry on a retest and bounce off of the breakout line

Look for this high base to head higher

Cup and handle formation, looking for a breakout

Biotech is strong, looking for an entry on any bounce

Bull flag formation, looking for a bounce off support

terrific breakout from long consolidation, look to enter on any pullback, high eps and sales growth

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

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.