New Ideas Last week ended on a weak note, so let's start with a short. Comp De Minas Buenaventura ADS (BVN) has broken down out of a 10 month triangle. Potential target is 10.25. Consolidated Edison (ED) had a very strong break out of a symmetrical triangle. Utilities in general seem to be on a …
Month: January 2020
Ideas – January 19, 2020
New Ideas General comment before I get into the charts. On Friday, there were 857 new highs and 27 new lows. My first pass long list had over 200 stocks. The first pass short list had less than 30 stocks (the short list was dominated by oils and oil services). So even though the market …
Ideas – January 12, 2020
New Ideas Note - I have switched the order so that New Ideas are listed first, with a Review of last week's charts following. Alteryx (AYX) had a strong week, blasting through 40 week EMA and the upper boundary of a symmetrical triangle. It tested resistance formed by the base of the triangle. Possible target, …
Ideas – January 4, 2020
Review DX - The US dollar continued downward through the week and did not breach the lower boundary of the up channel - so it remains in bearish territory. It did rally on geopolitical news on Friday, but gave up most of it's gains by the end of the day. EUR - The Euro did …
The Chart Analyst 