ES - Poised for a Breakout

The SP Emini looks like it may break out of recent consolidation on the 240-min chart. Watching for a move above 2809.50 on volume.

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XLP - Breakout on Daily

XLP (Consumer Staples) breaking out to new highs on the daily chart.


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CAD - At Recent Support

CAD (Canadian Dollar) touching support on the 240-min chart.

If it fails then next move is likely to be 1.23552, which was the low made on 01/05/2018.

If it bounces then this could be the beginning of the next leg up as we currently have a higher-high and a higher-low in place.

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EUR - Breakout above Recent Highs

EUR (Euro) breaking out above recent highs this morning.

At 1.2123 now, should see at least 1.2350. See our original post on 01/04.





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INTC - Falling into the Gap

INTC (Intel) is looking decidedly bearish on the daily. Just breaking into the gap at 42.67 that has served as support twice over the last month.

We have a series of lower-lows/lower-highs since the peak on 12/20.

If this level does not hold then next support is at 41.58.

Back on January 3 we were hoping for a bullish outcome to the consolidation.



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GE - Bottom Bounce?

Looks like GE (General Electric) might be making a bottom bounce after a sustained downhill run.

If it can break 18.87 on volume then it will have a shot at the gap at around 20.30. However, there was a lot of volume on the most recent thrust down back in November 2017.




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JPY - Downside Break from Consolidation

JPY (USD/Yen) showing a breakout to the downside from recent consolidation on the daily chart.

Likely to find support at 110.844. Weekly shows continuing consolidation.




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eSignal - Multi Timeframe Charts

A lot of folks are not aware that you can load built-in indicators from different bar intervals (or symbols) into an eSignal chart. We will show you how to do it here.

Let's say you have pulled up an AAPL 5-min chart with the RSI indicator loaded (like the chart on the left), and you would also like to see the RSI plotted from the 30-min bar interval.

DIS - Long term Right Triangle

DIS (Walt Disney) alerted on the weekly chart for trendline proxmity, but looks more interesting on the monthly.

Looks like a right-triangle forming so who knows which way it will break. We probably have at least 5-6 months to think about it if it continues to coil.



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WMT - Breakout to new Highs

WMT (Walmart) on a possible breakout to new highs today.

Looks bullish on the weekly chart as well, in the form of a small pennant. Just waiting for the volume to come in and confirm.







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D - Riding the Trend Line

D (Dominion Energy). Another Cramer honorable mention tonight after news on the Scana deal.

Not much to look at on daily or weekly but, wow,  really riding that trend line on the monthly chart.

Nothing but net since March 2009.






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DWDP - Consolidation Breakout

Nice breakout from consolidation on DWDP (DowDupont) on the weekly chart. Cramer mention tonight won't hurt either.

Should see 79.50 soon if volume holds.









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EUR - Cup & Handle

Looks like a small Cup & Handle pattern nearing completion on EUR (Euro) weekly chart. A breakout above the 1.2092 level on volume should get us to the 1.2350 level.

There was some minor consolidation in that area back in late 2014 when EUR was on its way down.





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INTC - Bullish Pennant

A bullish pennant appears to be near completion on the INTC (Intel) weekly chart.

Still coiling on declining volume but if/when we get a breakout above the 48.00 level on heavy volume, we could see 56.00 or even 57.00 in a relatively short period of time. Keeping an eye on this one.






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XOM - Inverse Head & Shoulders?

On the weekly chart we have a breakout from what sure looks like an inverse head & shoulders pattern on XOM (Exxon Mobil).

Volume is questionable since it was actually declining leading up to the breakout rather than increasing.

If this is a valid pattern we can expect to reach the 92.00 level, last seen in December 2016. If not, then price may very well bounce off of the upper trend line and continue to coil.


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JPM - Bullish Ascending Triangle

Very bullish chart pattern in JPM (JP Morgan) today on the daily chart. Tight ascending triangle on falling volume.

If we get a breakout on volume of the 108.46 level in the next few days, we can expect to see the 115.00 level soon.








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