DrStool Posted February 8, 2021 Report Share Posted February 8, 2021 The uptrend channels are being tested, but so far, not violated. The number to watch in the 5 AM hour in New Yawk is around 3890. It's rising at about 1 point per hour. To keep the trend intact it would need to be at 3895 or better at 10 AM ET. To get anything at all going on the downside, it would need to break 3885. Then there's about 20 points of air. Register here to join the fun. Mealy Mouthed Technical anal cyst Gets Punched in The Mouth 2 - TECHNICAL TRADER FEBRUARY 7, 2021 Mike Tyson famously said, “Everyone has a plan until they get punched in the mouth.” OK, so the market didn’t quite punch us in the mouth last week, but it did lull me to sleep last weekend. No worries. This week, there were so many charts with buy signals, I’m going all YOLO. Technical Trader subscribers click here to download the report. If you want to join the fun and see the 15 new stocks on the list, click below. Not a subscriber? Follow Lee’s weekly swing trade chart picks with Lee Adler’s Technical Trader, risk free for 90 days! These reports are for informational purposes, aimed at a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Zooming in with 30 minute bars. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Zooming out to 2 hour bars, the magnetic north pole appears to be at 3920. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 30 minute bars. Double top. Hanging around the trendline. Indicators say buy. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Ooops. Trend broken. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Sport at 3890. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Looks bullish. Remember the rule. If it's a chart pattern, it's bullish. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 2:30 turn time. Which way today? Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Is the market open? Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Is today a holiday? Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Good grief this is dull. Link to comment Share on other sites More sharing options...
Jorma Posted February 8, 2021 Report Share Posted February 8, 2021 It's been an impressive feat of flation to get oil up to $58. Congrats, I guess. Link to comment Share on other sites More sharing options...
DrStool Posted February 8, 2021 Author Report Share Posted February 8, 2021 Everything is inflating except the stuff in core CPI. If actual housing inflation were included, CPI would be 5-6%. Link to comment Share on other sites More sharing options...
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