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Wednesday, December 12, 2012

2012 December 11 - CLOSE

I've been slacking.  But looking at the numbers, I saw where IWM had incredible volume and a solid base that allowed it to pop up yesterday.



Check out the base I underlined in red below.  Finally, it popped.  This is a 30 MIN chart.

Google moved up on higher volume, but GOOG has had trouble moving over the $700 level in the past month.

Google is chopping along, but look at the selloff volume after the move up yesterday.  It will need good volume to propel it over $700.

PCLN bounced off the 50 DMA yesterday but saw huge selling .  JPM is still moving up in a nice channel.


And finally, waiting for GOLD to hit a support level and wouldn't be surprised if XOM bumps up to $93.



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