Admin

ERX

I like this 3x energy bull ETF for a swing trade on this fall wedge. Stop around .40 cents below yesterdays low. Let's see if oversold daily and weekly brings buyers back into the market. At the very least it fills the gap and fails but 10% is 10% in this tape. fwiw the wedge itself implies high prices to come on a breakout but many eyes on the US Dollar as it sells off on the daily chart. A breakout certainly takes us to challenge the 50d but I will move up my stop each day to the the prior low and take this one day at a time.

Read More, Comment and Share......

E-mail me when people leave their comments –

You need to be a member of StockBuz to add comments!

Join StockBuz

Pardon our dust as this page is undergoing a facelift.  Please report any difficulties you may experience during this phase.  Contact us

***********

You're welcome to add new charts and photos using the "Add" button found at the top/right.

  • Be certain to give each a TITLE
  • Select a category that best fits
  • Select more than one category by holding down the "CTRL" key when selecting the second or third category.
  • Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
  • Since we don't charge for our trade ideas, please pay with a