Stocks July 2014

Sunday 27th July:

S&P500: closed with a small bullish coloured candle for the week and still holding above daily support:

S&P500 daily:

S&Pdaily

S&P500 monthly:

S&Pmonthly

The following stocks are looking strong:

HPQ:

HPQweekly

VALE:

VALE

YHOO:

YHOO

BK:

BKmonthly

BHP:

BHPweekly

PEP:

PEPweekly

Friday 4th July

The three major US stock indices have made recent bullish breakouts and I am on the lookout for bullish continuation here. I have reviewed some stock indices and ETFs and then posted charts of some key US stocks that I keep stalking and trading!

S&P500 index: this has made a bullish ascending triangle breakout on the monthly chart time frame and, more recently, on the daily chart time frame:

S&P500 daily: the recent triangle breakout came with the close and hold above the 1,900 level:

S&Pdaily

S&P500 monthly: the monthly chart ascending triangle breakout suggests a bullish continuation target of 2,500. This may not be a straight line pathway though and I’m on the lookout for any pullback to the 1,577 level en route:

S&Pmonthly

Dow Jones Industrial Average: As for the S&P500, this has made a bullish ascending triangle breakout on the monthly chart time frame and, more recently, on the daily chart time frame as well:

DJIA daily: the recent triangle breakout came with the close and hold above the 16,700 level:

INDU

DJIA monthly: the monthly chart ascending triangle breakout suggests a bullish continuation target of 21,000. This, also, may not be a straight line pathway either and I’m on the lookout for any pullback to the 14,000 level en route:

INDUmonthly

NASDAQ: this has continued on from a ‘Bull Flag’ breakout and how now broken through the possible 4,400 ‘Double Top’ level:

NASDAQ

Russell 2000: this US ‘small cap’ index has made a ‘Bull Flag’ breakout but it needs to clear the $1,210 level now:

RUTdaily

EEM: The emerging markets ETF is looking like it might take on the key $45 level:

EEMweekly

IYT: the transport ETF continues:

IYTweekly

FDX: Fedex continues after a triangle breakout:

FDXweekly

UPS: the parcel transport stock continues to hold above support too:

UPSweekly

SLV: the silver ETF has made a bullish triangle breakout:

SLVweekly

GLD: the Gold ETF looks to be carving out a bullish basing pattern with an ‘inverse H&S’ pattern:

GLDweekly

XAO: The Aussie All Ordinaries looks set to head to the 78.6% fib level at the 6,000 region:

XAOweekly

XJO: The Aussie ASX 200 also looks set to head to the 78.6% fib level at the 6,000 region:

XJOweekly

XSO: The Aussie small caps index looking about to attempt a bullish triangle breakout:

XSOweekly

Some US stocks in focus:

INTC: the monthly close above the $28 is bullish and the ADX shows there is more momentum behind this monthly candle close than for that back in 2012. I’m looking for continuation here BUT price could dip back to test the $28 level again before bullish continuation:

INTCmonthly INTC

KO: the close and hold above the $41 is bullish:

KO

KRFT: has made a bullish ascending triangle break above the $59 level. Look for continuation here:

KRFT

MSFT: the continued hold above the key $37 level suggests continuation here:

MSFTmonthly

NUE: still watching for a bullish triangle breakout here:

NUE

PEP: I’m looking to see if $87 becomes new support here:

PEPweekly

AA: I’m looking for this to continue to $18:

AAweekly

BAC: the continued hold above the $15 is encouraging here as I’m long this stock.

BAC

BK: this has made a bullish ascending triangle breakout too and looking for the $35 to become new support:

BK

GE: looking for continuation here too:

GEweekly

HPQ: looking for continuation here too:

HPQweekly

MGM: This has made a ‘Bull Flag’ breakout here now and I’m looking for continuation:

MGM

SLW: has made a bullish triangle breakout:

SLW

VALE: close to a triangle breakout:

VALE

X: US steel makes a ‘Bull Flag’ breakout:

X

YHOO: watching for a ‘Bull Flag’ breakout:

YHOO