True North Market
Note #004 20 Dec
05 Well, we finally got the
relatively clean break in a number of focus
stocks.
TrueNorth Market
Notes 16 Dec / Clicks v
bricks Links ETF & Stock highlighted events
191205_1420 BRCM 49.02 / -BE
D / an early flag but note several similar patterns in
the recent uptrend
Brief highlights
today:
EBAY -BE D, although volume did not
accelerate and we're quite close to reasonable
support.
QCOM 44.28 closed under 50MA but no real
volume.
EFA 60.32 closed on a -BE D on modest
volume. Worth watching for sure if this sell-off
develops.
DHI 36.93 closed on 10m shares and
broke a recent window. We took a speculative short
intraday on DHI, as housing and sentiment progressively
soured.
SMH 37.57 points to a bounce either at the gap
or the whole number.
Stay tuned for more thoughts on
the market as we approach the make or break,
year-end period.
Recall last year they
ran them up then dumped them
in very quick time on January 2nd. Caveat
Emptor.
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14 Dec / Large traders
12 Dec / Market
right now
06 Dec /
Caveat Emptor I
True North Investing
True North Market Diary
www.stockcharts.com
www.hardrightedge.com
www.clickevents.co.uk
www.solarbuzz.com
PAYX 40.97 / economically very
sensitive and surprisingly weak here: is it trying to
tell us something?
TXN 33.07 / forget all the
other indicators: that's as clear a barrier at 34 as
you're likely to see
QCOM 44.95 / 26m
share day confirms the reversal / 50MA 44.35 an obvious
level
EBAY 45.94 / prints wide range day / good
performance versus the weaker NDX tape
AAPL 71.11
/ factors to watch are the 20MA, the action near the 02
& 14 Dec hammers & the 01 Dec WRB
support zone
IJR 58.81 / holds at foot of 01 Dec
WRB (wide range bar) / rally-sceptics will observe the
rising downside volume
BBH 200.25 / closed weak
on rising volume / 50MA 198.69 key level
XLE
51.07 / year-end profit booking and mixed technicals
weighing on the group / 50MA trend has barely moved and
is still mildly negative
SMH 38.04 / ignore the
-BE D at your peril...'it's triple witching related
and volume was low' I hear them
say...
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