we reside at the 50% level of a fromer downmove where price once allready found resistance
the current rallie allready lost a lil steam , indicated by the broken demandline
any lower high and therefore a rejection of 50.80 will lead us back to 41.90
respectively support at 32.85 which will mean we stay in a rangebound
TAN extended the strong rally off the 31.77 low (January 20, 2015) to break above a 12-month falling channel (from March 2014 high), completing a bullish flag pattern on the monthly chart and triggering further gains towards 51.07 (March 7, 2015 high). Clearance above there would confirm a higher base and accelerate the uptrend towards 53.00 (50% retracement of...
Since the beginning of March this solar ETF entered into bear channel and was laggard sector vs broad market as investors were buying major cap, high dividend stocks.
Nevertheless, it is just 38% pullback from big move from $15.00. Now, it builts higher highs and higher lows - strength of buyers. Yesterday, it closed near highs and broke previous dwing high at...
Solar ETF Guggenheim is coming out from an intermediate retracement and moving higher towards next resistance level 46.00-48.00 (target). Expected by the end of June2014.
The momentum in solar has been nowhere to be found lately, but because the pullback looks very clean and has done zero technical damage on the longer term picture, I am highly bullish on this one. (a breach of the support @36 would change things). Will look for entries if it takes out the swing high at 42. As far as targets goes, a natural one would be the prior...
Solar ETF broke out out of its downward channel signaling a possible bullish reversal. 20EMA is current support. I find the CCI 100+ hit after a 100- hit can be a successful reversal signal as well. Look for individual solar plays as well: $SPWR $SUNE $FSLR $SCTY $CSIQ $JKS $TSL $YGE.
Caution: Watch out for bearish raid in the markets from IRAQ news. Oil prices...
Here is the ticker list with some notes. Big trendline breaks on many of these. There is no reason to buy, but there is no reason to sell immediately at the open either. The starter pistol fires at 5:30a/est. TAN TF XME IBB XLI XHB XLB MDY IWM OIH XLV XOP XLF SPY XLE IYZ QQQ XLK XLY SMH SDY XRT XLU XLP GLD VXX
This is the stock watch...
