Stocks: June 14

Fri 13th June:

USO: The oil ETF, USO, has made a bullish triangle breakout and looks headed for the next major resistance level of $40. A break and hold above the $40 would be quite bullish.

The Oct $40 Calls are trading @ $1.04.

The July $38 Puts are trading @ 0.41 cents.

USO daily:

USOdaily

USO weekly:

USOweekly

Mon 2nd June

The S&P500 and DJIA both made a bullish close for the month of May up and out from bullish ascending triangle patterns:

S&P500

S&Pdaily

DJIA

DJIA

This has me continuing to look for opportunities to trade with the trend and some stocks that appeal to me are noted below:

MSFT: the hold above the broken S/R level of $37 remains bullish here and suggests continuation:

MSFT daily:

MSFT

MSFT monthly: showing the room this stock has to move:

MSFTmonthly

INTC: any close above the $28 would be very bullish here:

INTC daily:

INTC

INTC monthly: showing the room that this has to move higher:

INTCmonthly

XLF: the bullish close above the $22 and 50% fib for May is a bullish signal:

XLF daily:

XLF

XLF weekly: the next target looks to be above the $25 level:

XLFweekly

DIS: continues to hold out from the recent Bull Flag:

DIS

KRFT: has made a bullish ascending triangle break of its own; above the $59:

KRFT

PEP: ditto here with a break of the $87 level:

PEP

WAG: ditto here too with a break of the $70:

WAG

KO: a break of the $41 would be bullish:

KO

ADBE: has made a Bull Flag break:

ADBE

FB: ditto here:

FB

GE: the $22 was an important level for GE:

GE daily:

GE

GE weekly: this shows that the $22 was a break of an ascending triangle:

GEweekly

GE weekly + fibs: this chart shows that any break of the $28 might suggest a target of $35:

GEweekly

HPQ: the breakout from the bullish ‘Inverse H&S’ suggests a target of $50:

HPQweekly

MGM: has made a Bull Flag break too:

MGM

MU: keeps on going!

MU

NOK: has made a bullish break above the $8 level:

NOK

NTAP: has made a bullish trend line break here:

NTAP

SLW: looking to see if SLW can carve out a base at the $20 level:

SLW

YHOO: still tracking in a ‘Bull Flag’:

YHOO

PCLN: continues to hold out from the Bull Flag break:

PCLN

TSLA: has made a Bull Flag break but hasn’t got going yet:

TSLA

UPS: continues with its bull run:

UPSweekly

FDX: continues from its Bull Flag breakout:

FDXweekly

IYT: remains bullish too:

IYTweekly

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