DOW Jones Industral Average pulls back a little. I expect that we may see a pullback around 10730. If you are bullish, it may be an opportunity to get on this rally at the year end.
Tag Archives: Bullish
MSFT’s breakout
As expected a few days ago, MSFT broke out this ascending triangle. It looks bullish short-term.
Charts on INDU, GOOG, HNP, QQQQ and LOW
Previous support at 10600 has become the resistence here. All longer term SMAs are pointing downwards, but SMA 5 is pointing sideway or flat. Obviously some good news would help to break the stalemate.
GOOG’s volume has been low. Friday was a down, but volume was very low compared to the up day on Thursday. Not too many sellers and it’s bullish sign.
Waiting for something to happen here.
Maybe we will see a cup forming here next week or so.
A good entry to long LOW if the support holds. The extremly high selling volume might indicate that most sellers wanted out were out now.
HNP
It looks like this gap will be filled. A very bullish candle.
INDU and QQQQ
INDU is forming an ascending triangle, a bullish sign. It’s looking to test 11,000 soon or go lower.
QQQQ is consolidating in a range bound mode.