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Stock Prospects: Part 1 Of 4

Published 03/27/2016, 01:25 AM
Updated 07/09/2023, 06:31 AM

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 Chart

S&P 500

AA Chart

Alcoa Inc (NYSE:AA)

AAPL Chart

Apple Inc (NASDAQ:AAPL)

AN Chart

AutoNation Inc (NYSE:AN)

ANF Chart

Abercrombie & Fitch Company (NYSE:ANF)

APC Chart

Anadarko Petroleum Corp (NYSE:APC)

APO Chart

Apollo Globl Man (NYSE:APO)

ATI Chart

Allegheny Technologies Incorporated (NYSE:ATI)

AXP Chart

American Express Company (NYSE:AXP)

BID Chart

Sotheby`s (NYSE:BID)

CNQ Chart

Canadian Natural Resources Limited (NYSE:CNQ)

DECK Chart

Deckers Outdoor Corporation (NYSE:DECK)

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