Point and figure trading of US stocks

[PFtrader2012]

Facebook - FB - the stock that everybody is scared of has had some great days. Are we running out of steam?

How many millions did you say you lost when invested in the IPO?!

 

[PFtrader2012]

S&P500 is still at the previous area of support, the old high from before.

 

[PFtrader2012]

As markets are rallying so is AAPL. A pullback will give us a nice risk/reward entry point.

 

[PFtrader2012]

CCI has a very nice point & figure pattern

 

[PFtrader2012]

CRM is breaking a technical level

 

[PFtrader2012]

SPY is still hesitating at this technical level. We had two days without much movement.

 

[PFtrader2012]

If we go down from here, we will want to be in weak stocks like NE, which is breaking down through the double bottom p&f pattern (chart on right hand side)

 

[PFtrader2012]

POT is also performing like something you would not even touch with a long stick, unless you want to be short

 

[PFtrader2012]

In technical analysis you often find things that make you go hmmmmmm....

 

[PFtrader2012]

hmmmmmmmm........

Are we actually in the beginning of a severe bear move - or will we really have the force to break through?

 

[PFtrader2012]

Where are you heading Mr. Spyder?

 

[PFtrader2012]

And what about you Mr. Appleman, we have made so much money together before?

Just give me the sign and I will follow you AAPL!

 

[PFtrader2012]

WHR has a pullback in a very strong uptrend

 

[PFtrader2012]

URI - double top P&F pattern

 

[PFtrader2012]

CHK - double bottom P&F pattern

 

[PFtrader2012]

Volume diminishing in SPY - rally fading?

 

[PFtrader2012]

These are the technical levels of interest in the S&P500 if going up further.

 

[PFtrader2012]

We got another X entry in SPY PnF

 

[PFtrader2012]

URBN is interesting. Will it pullback or go?

 

[PFtrader2012]

LULU - if you're into yoga and trading...