Daytrading with Consensus

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.01, sold at 29.33 profit #6

SKF
#1 at 116.05, open
#2 at 111.50, open

[Ares]

I have 29.01 as pivot and 28.70 as 0.618 of yesterday's candle. yesterday was a first up day for UYG and slow stochastics oversold with RSI2 picking up momentum. If  UYG breaks the descending channel...

28.70 seems to coincide with the steeper rtl (of a new hourly channel), it that is broken, I see 28.51 as the horizontal support and possible rtl of the less steeper uptrend channel.

If that is broken, where next?

Ty steel for the 26.38 possible support you pointed out. That seems near the 2.618 of yesterday's candle (at 26.54).

I will also be watching the 15 minute opening range levels, etc.

Let's see what the market decides to do today.

gl

[Ares]

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_U/threadview?m=te&bn=57417&tid=3176&mid=3176&tof=1&frt=2#3176

Is it time to draw a new 20 day/ hourly Fibonacci extension?

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open

SKF
#1 at 116.05, open
#2 at 111.50, sold at 117.89 profit #7

[Ares]

Here's a new 20 day/ hourly chart with a new fibonacci extension:

red       = 1st uptrend channel
pink      = 2nd uptrend channel
orange = 3rd uptrend channel (looks quite steep already).
grey      = volatility expansion?

[Ares]

I like that new Karma action required field.

I was going to give Steelman 2 applauds.

One for making a projection of 26.38 on UYG which was pretty close to the 26.40 low!

and another one for giving a heads up on the BAC breakdown.

I was able to give one applaud so far since I have to wait for an hour before I could give the second one.

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open
#17 at 26.47, open
#18 at 25.06, open

SKF
#1 at 116.05,sold at 123.62 profit #8

All out of SKF now at a plus. Looking to get back in.

I wonder how much effect the daily slow stochastics divergence have on SKF.

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open
#17 at 26.47, open
#18 at 25.06, sold yesterday at 26.29 profit #9

I'm looking to re-enter SKF again.
Maybe when RSI2 goes below 30?

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open
#17 at 26.47, open
#18 at 25.15, open

SKF

#1 at 130, opened yesterday mainly for hedge.

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open
#17 at 26.47, open
#18 at 25.15, sold at 26.29 profit #10

SKF

#1 at 130, open

Observations on UYG:
Price closed above the 8 ema
3 white soldiers?
Bullish Wolfe Wave?

[Ares]

Which annotation will have more consensus?

Channel 1:
Looks like it had a perfect LTL touch and is testing the RTL.

Channel 2:
Has a less steeper angle of attack (compared to channel #1.)
May have just created a volatility expansion (went above the sky blue uptrending line and the brown LTL may be the expansion).

Wolfe Wave:

Price closed within the wedge (between the skyblue and the dark blue (LTL).

RSI2 is below 30 but Slow stochastics just dipped from above 80 too.

Which will be followed?

I guess we'll find out what the market's opinion will be soon.

[Ares]

Watching how UYG reacts to a bearish engulfing pattern.

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open
#17 at 26.47, open
#18 at 24.56, open

SKF

#1 at 130, open

Doji day yesterday.

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open
#17 at 26.47, open
#18 at 24.56, open

SKF

#1 at 130, sold at 132.49
new #1 at 130.27

These were some of the thoughts that were running in my mind after selling SKF at 132.49:

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_U/threadview?m=te&bn=57417&tid=3903&mid=3903&tof=1&frt=2#3903

[Ares]

TD update:

UYG
#1 at 29.11, open
#2 at 30.55, open
#3 at 33.45, open
#4 at 36.25, open
#5 at 34.56, open
#6 at 32.10, open
#7 at 32.05, open
#8 at 31.51, open
#9 at 30.58, open
#10 at 30.09, open
#11 at 29.12, open
#12 at 29.01, open
#13 at 28.71, open
#14 at 27.91, open
#15 at 27.66, open
#16 at 27.52, open
#17 at 26.47, open
#18 at 24.56, open

SKF

#1 at 130.27, sold at 133.00
new #1 at 133.11, open