The Golden Triangle

[Hook Shot]

I've decided to make these my pet US trading stox since they are huge, well funded, liquid and easy to understand. The moves are unlikely to be huge ... points wise but once I become familiar with their moves they should be pretty good trading vehicles...

:idea:
I should have done this before ........ it just makes so much sense :cheesy:

GE
http://stockcharts.com/charts/gallery.html?GE
Teasing the 200ma....tuesday

Microsoft
http://stockcharts.com/charts/gallery.html?MSFT
That gap in the high 31's and ~ 32 is interesting

Exxon
http://stockcharts.com/charts/gallery.html?XOM

Nicely held at 40wma which is interesting

 

[Hook Shot]

Interesting into month end......

Microsoft
Gallery View - StockCharts.com

Microsoft has been trashed and rsi and slow stochastics (not illustrated) are relatively depressed. Slow stochs around 12 and might cross 20 in the coming days......

What we can see is that the sell off has closed the gap and may stall at previous swing highs in 27ish zone......
I'm conservative on this one so my target is only $29 to begin with ............ from $28.40 now
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Maybe it won't get Yahoo after all ? I don't know but something is brewing..........
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[Hook Shot]

2 down + 1 comeback

Msft - just as well I was conservative on the price target - since it only came within a har's breadth of $29 and no further before selling off to the lowest price since the 52w highs..... and close to 52w lows!!

GE - I continue to watch this one with interest as it toys with the $33 level. It looks pretty sad but many say it's cheap or getting cheap... Currently we are around 1% above the 52w Lows .......... and the Ceo just bought $3m worth of stock....... every little helps......

Exxon (XOM) - it's also interesting since we have an inside day monday after resting following the zig-zag rally off the jan lows to $90ish.

EXXON CONTINUES TO BE MY FAVOURITE FOR ACTIVE TRADING .....SINCE SEEMS JUST AS VOLATILE AS OIL ITSELF....