All Entries Tagged With: "trendline"
Stocks to Watch for Friday 3/28/09
Suncor Energy (SU) – Long @ $24.50 with a Stop @ $22.50 and a Target of $31.00 SU gapped up to a new high last week before falling back to test the trendline and the 20-period moving average. The stock formed a higher low today, confirming the uptrend, and I’m looking for a move back [...]
SLG Trade Update 3/20/2009
SLG closed at it’s lows today after forming a lower high at the trendline and keeping the downtrend in play. We’ll monitor the trade closely next week to determine whether or not to take some profits off the table. 3/23/2009 9:27am Update: Move the stop on SLG to breakeven, $11.60.
Market Overview – May 20th, 2008
Today was that inevitable day we were looking for when the markets pulled back from it’s recent uptrend. Notice how the downward movement caused the market to break below the channel that began in mid-March. By the time the market closed we were back below the 200-day moving average.You can also see that the bounce [...]
Market Overview – May 12, 2008
The Dow traded up to the 200-day moving average which brought on some selling pressure and close right below the down-trendline that started last October. Today’s advance occurred on extremely light volume which may turn out to be a warning sign for the next leg down. Unless we see volume pick back up on positive [...]






