(This post was last modified: 2014-02-19, 04:04 PM by gbarbs.)
RE: Watchlist - Investor method
I noticed UNG yesterday browsing charts....see below. I struggle a little with the sector. Not sure whether to group it into energy or clean energy, etc. The XLE looks like it could be entering stage 3, but a quick check of clean or alternative energy ETF's shows almost all strong stage 2 charts. Within those ETF"s however I see wind and solar and not so much natural gas.
(2014-02-19, 02:44 PM)isatrader Wrote: PES made a Stage 2A breakout last week, and is attempting to clear last years highs. Attached is the charts
I just realized this is another one from energy so am going to see what the rest of this group looks like
UPL moved into early Stage 2A four weeks ago, but it is still within a much larger Stage 1 range, and is now is attempting to confirm the Stage 2A and complete a large two year head and shoulders base. Relative performance is improving above a flattening zero line, but the volume although good today is not even at one weeks average yet and so it would need to to more than double by the end of the week and price would need a strong close above the resistance for more confirmation. Attached is the charts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Single digit midgets for the watchlist with strong relative volume - MVIS (Stage 1), RBPAA (Stage 2A), SQNS (Stage 1B), PATH (Stage 2A - potential high tight flag), SONS (Monthly Stage 1B with three year head and shoulders pattern)
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.