Stock Prospects: Part 1 Of 4
Tim Knight | Mar 27, 2016 01:25AM ET
This weekend, I decided to do still images instead of videos. Showing charts like this takes much, much longer than doing a video, but I know some people prefer it since they can just skim. In any case, the charts this weekend have these things in common:
(1) I am NOT presently short any of these positions, although I intend to be so;
(2) I have tinted in green the zone which the price must not penetrate, since if it does, I will not enter the position (or, if in it, will stop out)
For me, the “big picture” of the massive topping pattern is unchanged, in spite of the sickening rally which ran from February 11th through March 18th:
S&P 500
Alcoa Inc (NYSE:AA)
Apple Inc (NASDAQ:AAPL)
AutoNation Inc (NYSE:AN)
Abercrombie & Fitch Company (NYSE:ANF)
Get The News You Want
Anadarko Petroleum Corp (NYSE:APC)
Apollo Globl Man (NYSE:APO)
Allegheny Technologies Incorporated (NYSE:ATI)
American Express Company (NYSE:AXP)
Sotheby`s (NYSE:BID)
Canadian Natural Resources Limited (NYSE:CNQ)
Deckers Outdoor Corporation (NYSE:DECK)
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