The furnishings index had broken out of a broadening pattern, and now seems destined to test the upper boundary. It had a nice break out, but this week has engulfed over a month of price action.
XBI double top? This is Biotech ETF has under-performed big time lately. That gap filled quickly and appears to be exhaustion. The 50D will tell us the story.
LQD/TLT really never could clear the major pivot area since the 11' bottom. This seems quite bearish for equities or at least signals a top for now. If you have any thoughts chime in!
Nike held up tremendously as the market sold off. Now the 10 day moving average has caught up to price. A push higher here could really get that 200 day turning up.
JCP quickly reversed some divergences at the lower bollinger band with a double bottom in price. We like this one and are considering adding long exposure (not a recommendation, more of a disclosure).
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