Heikin-Ashi and Expedia $EXPE

 

(Follow-up) Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN

 

1. haDelta reversal + crossover at support
2. A heikin-ashi reversal candle (Note: Use any trailing-stop to protect against grey swans)

 

An X-Ray of the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA

Daily chart:

• Despite the extended price advance, haDelta shows weakness
• Bullish but weak

 

Weekly chart:

• Close to the apex of the consolidation triangle
• Bullish and undecided

 

Monthly chart:

• Bullish

How Far Will $AMZN Run? $QQQ $EBAY $SPX $SPY

Daily chart

1. Comfortable vis-a-vis its trailing-stop
2. Despite the sustained uptrend, the haDelta :: SMA(3) bullish crossing offers indications of a strong trend ahead

 

Weekly chart

1. Difficult to overcome the haDelta resistance
2. Caught inside a medium-term consolidation (haDelta is inside an ascending triangle)

 

Monthly chart

1. Caution: haDelta is approaching the first resistance level.

$AAPL Head-and-Shoulders – Target: 320 $QQQ $SPX $SPY

Apple weekly chart (see below)

Upper pane

1. Waiting for a resolution of the bearish Head-and-Shoulders following a sustained long uptrend
2. Price objective: 320 (based on H&S characteristics)
3. The thickness of the Ichimoku cloud in the next 13-15 weeks suggests a resistance difficult to overcome
4. Note the change of trend 26 weeks in the future on the Ichimoku chart: Usually, such points warn about a strong trend to develop during this time

Middle pane

1. The haDelta average SMA(3) was negative (yellow area)
2. haDelta and SMA(3) failed to become positive (bad sign)

Lower pane

1. Failures to go above the oscillator’s resistance (50-60 area) = Weakness