$SPX 15 Minute: Today's price move keeps the up trend the past several days in place. I'm looking for the market to test resistance in black while building another divergence on the MACD.
$SPX 60 Minute: If we are going higher to test resistance I'm looking for the MACD to back test itself and create a little divergence.
$SPX Daily: Price is trying to push above the mid channel line and the RSI and MACD have room to support much higher pricing. Will the daily time frame bull doze the intraday time frames in Time Frame Indifference? We should know soon.
IBM: Price pushing higher and nothing looks bearish at all on Big Blue.
$VIX: Straight down the past couple weeks. Do we need to retest major support?
My Watch List:
RDC: A couple of nice up days and price is ready for a new high. MACD is about to turn up to support that outcome.
HAL: Still pushing higher in the channel. We probably need at least another high, and maybe this one creates a divergence!
REDF: Nice up day on good volume today. BBs still widening. Above minor resistance in black adds to the bullish view.
FSII: The stock took the day off. If we are going higher it should happen soon otherwise maybe a little consolidation phase.
My Trading Desk: Today we sold a fractional long on BAC for a loss. It just wasn't working and time to exit. We bought a full long on REDF and RDC.
J.D. Rosendahl, Rosey
Tuesday, March 29, 2011
|Stock Charts: The Market Pushing Higher Towards Resistance Posted by J.D. Rosendahl at 5:09 PM||Print Page||Email This Post|
Copyright 2010 J.D. Rosendahl. All rights reserved.