Interesting Charts

Posted by downtowntrader | 3/13/2006 09:38:00 PM | 0 comments »

Another sorry day as after the initial pop, the markets did nothing the rest of the day. It's a mixed bag right now for the indices and I am still keeping most of my trades to very short timeframes.

ERS looks like it is resolving into a triangle. Keep an eye on this one as it has been the top stock on IBD 100 for a few weeks now.
BWNG looks like it is ready to move after a quick consolidation.
I seeing mixed charts out of retailers. BBY is one that looks decent. The intraday chart is showing a nice triangle.
AEOS has been advancing well after breaking out of a reverse head and shoulders base.
ANF is a retailer that looks pretty sad right now. Just started leaking out of the channel, and although it has gap support below, it could unwind pretty quick if retailers or markets take a hit.
CHS broke down and has climbed back to previous trendline on declining volume. Watch for a breakdown.
GROW may have bottomed here.
UBB is testing previous support as resistance. This looks like a short to me if it makes a lower low or if it breaks back down under the 50 sma.
JPM may get a bounce here after a sideways consolidation.
Thats all for tonight. Good Luck and Good Trading,