My Home     About Me

Major Indices are moving since around a week in a very small channel. This small trading range could drive to big moves next week. I still favorite the upside here, but I will set even tighter stops next week, just in case...
My strength scan is showing some interesting charts, here are the strongest:

Midwest Air Group Inc.(MEH) printed a 4-year high last October. The stock is moving in an inverse Head & Shoulders Pattern( Take a look at my freeTrading resources if you want to know more about it)and could break out soon. The chart shows some potential upside, but be carefully if the stock breaks below the right shoulder congestion.


Swift Energy Co.(SFY) reached new all-time high last week. The stock is showing an Ascending Triangle in the 60-minute chart. A triangle´s breakout could trigger some follow through and bring the stock in "uncharted" territory.

Vertex Pharmaceuticals Inc.(VRTX) reached a 5-year high four bars ago. The stock is moving sideways at the top in a tight Symmetrical Triangle, a breakout will complete an eight-month cup & handle pattern. This is a volatile stock so be cautious with your position size. Be carefully if the stock drops below last week´s low.

Chart Courtesy Of TeleChart Swing Trading, Technical Analysis, Daily Stock Market Commentary.

day trading   gap   climatic   Fixed-income (bond) ETFs   Technical chart patterns   support/resistance levels   ETFs (exchange traded funds)   Deron Wagner   Oil   Inflation   Earnings   Paul Hogan   Crocodile Dundee   ATO   Australian Taxation Office   Sector rotation   Institutional sector rotation   Biotech HOLDR (BBH)   swing   stock