NWalton00

NWalton00

Simple triangle running out of space. Looks like support might be back around 3010.

NWalton00

There are many ways to look at the market. I've been pretty negative recently, but I tried to put a positive spin in case the market moves higher. I see the SPX starting Monday at 2873. Even with good news I don't see the SPX getting higher than 2990. In fact I think it'll first hit a wall at 2965. At this point turning over and heading south. By the end of the...

NWalton00

Bull flag on Disney after earnings. Set to go to 190. May take two years but it’s easy money!

NWalton00

I know I’m new but when I went bullish on Monday I didn’t expect 150 point run up in a week. Now the week is over and reality needs to come back into the market. We have a whole mess of things that could derail this run; A trade war, inflation data next week, China possibly black listing American companies. A market running higher because the fed may cut rates in...

NWalton00

Time is here for market decision. Either we head back to new highs or we faulter going into 2019. It’s going to be an interesting Wednesday!

NWalton00

Walmart broke out of cup and handle a few weeks ago and has been on a break away run up to now. Earnings coming before market open on Thursday. Could be a long term play for 2019 depending on results.

NWalton00

Five below is a growing company that is going to help fill the Toys R Us void that has happened. Amazon is pushing to fill the void as well. However FIVE specializes in a market that is hard for Amazon to compete in. With earnings coming at the end of November it could be the catalyst to propel it to 180. If not it will be the earnings in February for the holiday season.

NWalton00

Previous post expecting pullback at the beginning of next week. Could easily finish off inverted H&S by end of next week for a massive run to 3000! Will be watching for completion of shoulder.

NWalton00

MACD on 1hr chart showing slowing. Needs to cycle lower to keep healthy. 2753 is a nice place to stop.

NWalton00

Upward opening this morning puts it in a nice channel that will top out around 2800.

NWalton00

Looks like SPX needs to retrace gap up from 10/31. Expected stop around 2682.