AAPL Apple Weekly Chart Oversold Falling Wedge Positive Divergence

AAPL Apple Weekly Chart Oversold Falling Wedge Positive Divergence

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AAPL bounced on divvy rumors yesterday. That must have been a long trader sick of waiting for Apple to recover so he called the local news s...

PVH Phillips Van Heusen Weekly Chart Overbot Rising Wedge Negative Divergence Potential Island Reversal and H&S Patterns

PVH Phillips Van Heusen Weekly Chart Overbot Rising Wedge Negative Divergence Potential Island Reversal and H&S Patterns

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The retail sector is very important this week and PVH has led the sector higher, however, the negative divergence and rising wedge announces...

GE General Electric Weekly and Daily Charts Overbot Rising Wedges Negative Divergence

GE General Electric Weekly and Daily Charts Overbot Rising Wedges Negative Divergence

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Lots of bullish talk about GE yesterday but the charts clearly show nastiness ahead. When both the daily and weekly charts agree with negati...

Keystone's Midday Market Action 3/11/13

Keystone's Midday Market Action 3/11/13

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TRIN is 0.69 another day in the cellar stoking the bull furnace. VIX drops under 12. Keystone thought 13 would hold, then 12.8, but volatili...

SPX 2-Hour Chart Overbot Rising Wedge Negative Divergence

SPX 2-Hour Chart Overbot Rising Wedge Negative Divergence

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Here is a look at the 2-hour chart. The red circles show how the higher high in the RSI occurred which meant that price would want to move u...

Keystone's Morning Wake-Up 3/11/13

Keystone's Morning Wake-Up 3/11/13

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Daylight Savings Time is in full force so set your trading clocks accordingly. A new week is set to begin with markets somewhat flat this m...

SPX 30-Minute Chart 8 and 34 MA Cross Overbot Rising Wedge Negative Divergence

SPX 30-Minute Chart 8 and 34 MA Cross Overbot Rising Wedge Negative Divergence

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The drama picks up where Friday left off. The 2-hour, 1-hour and 30-inute charts are set up with negative divergence but the push on Friday ...