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 …
Category: Technical Analysis
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 – December 28, 2019
Review EWY - Nice advance by the South Korea ETF through a somewhat choppy week, most of the advance was on Friday. Volume was light as expected during a holiday week. EWZ - The Brazil ETF is testing the top of the pattern boundary and has not "officially" broken out. AD - The Australian dollar …
Ideas – December 21, 2019
Review First let's review the charts from last week to see what transpired. The review is discussion only, no charts, otherwise this thing gets to big to plow through. EEM - Made scant progress during the week, trading in a range from 43.82 to 44.67, closing slightly higher than the prior week. Breakout pattern is …
The Chart Analyst 