Monthly Archives: May 2015


Where does Veeva Systems go? 2

Veeva Systems (VEEV:NYSE) is in the middle of a consolidation pattern for the past year. Check out the monthly candle chart. The weekly candle chart shows the price action following the ascending trend line. Zoom in on the 1 year daily candle chart. Price action in no man’s land. I have set my alerts, mainly […]


HUGE move brewing for US Dollar vs YEN.

The USDJPY pair is consolidating on the breakout line of a HUGE 10 year base. First, check out this previous post from March 8 2015. Now check out the 10 year monthly candle chart. I have the breakout line for that HUGE base at 122.50. A monthly close above that would give me a target […]


Bottoming with VelocityShares 3x Long Crude ETN

VelocityShares 3x Long Crude ETN (UWTI:ARCA) is forming a consolidation bottom. Check out this previous post from February 25th 2015 for IPATH S&P GSCI CRUDE OIL. Here is the monthly candle chart. After reaching the previous bearish target, a small consolidation rectangle is in the works. I’m looking at the bullish angle, although the trend […]


Going higher with Lowe!

Lowe’s Companies Inc. (LOW:NYSE) has a VERY similar chart as Home Depot, Inc. (HD:NYSE) . Check out this previous post. Here is the monthly candle chart for LOWE. After 2 previous targets reached, a 3rd continuation pattern OR top is in the works. The 5 year weekly candle chart shows more of the same. Zoom in […]


Keep on building with Home Depot. 1

The Home Depot, Inc. (HD:NYSE) is preparing for it’s next move. Check out the 10 year monthly candle chart. After completing and reaching 2 previous targets, a continuation consolidation pattern is being traced out. Here is the 5 year weekly candle chart. Support line got tested, now etching towards the resistance line. Zoom in on […]


Next boot up for iShares MSCI Italy Index!

iShares MSCI Italy Index (EWI:NYSEArca) is approaching the breakout line. Here is the monthly candle chart.   The 5 year weekly candle chart shows the price action trending towards the descending resistance trend line. I prefer horizontal line breakouts, so my alert is set at 18. Zoom in on the 1 year daily candle chart. Recent bounce […]


Banks looking for a continuation breakout.

SPDR KBW Regional Banking (KRE:NYSEArca) is breaking out. A monthly candle close above the breakout line at 41.50 required for confirmation. Check out the monthly candle chart. After the previous breakout reached it’s target, the price has been in a consolidating rectangle pattern for +1 year. Here is the 5 year weekly candle chart. The […]


Polo Ralph Lauren Corp. close to going under water!

Polo Ralph Lauren Corp. (RL:NYSE) is on the verge of testing it’s breakdown line at 126. Check out the monthly candle chart. The 5 year weekly candle chart shows the BIG +3 year top formation’s progression. The zoom in on the 1 year daily candle chart shows the recent price action drop to the support […]


Where to hang Rackspace Hosting, Inc? 2

Rackspace Hosting, Inc has hit it’s breakout bullish line. There are two possible scenarios for Rackspace (RAX:NYSE). Check out the monthly candle chart. The arrows indicated the implied measured move added to the breakout or breakdown lines. The 5 year weekly candle chart shows the price action hitting the resistance line. Zoom in on the […]