Monday, June 4, 2012

U.S. Dollar Is Not Overbought

Few charts of interest:

NASDAQ HIGH LOW INDEX – 60 EMA is firmly pointed down. Very bearish for markets.

Dow Jones Transports – bear flag spotting

CRM – a lot of room on the downside here as broadening top is very bearish formation

XOM – failed cup with handle can see a quick move lower.

FXE – could trade in the $100-110 before this is all said and done.

GG – why would you be buying miners with charts like this?

JJC – should shed another $5 before hitting support.

KMP – where I think this is a good buy.

Few charts of interest:


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