Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Monday, December 5, 2011
RTH Retail Weekly Chart Negative Divergence
Beautiful negative divergence on weekly and daily RTH charts again. Keystone took the ride over the previous two-week down period, and here we are again. Retail typically tops early December on a seasonalilty basis which favors bears from a macro view. Nice area for short entries now or for entering the inverse ETF's for retail. The sled is loading up for another fun toboggan ride down the hill. Lower prices projected moving forward. The Black Friday and Cyber Monday hype long forgotten. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.