Chart to Watch - CSCO

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Cisco Systems, Inc. (CSCO).

I hope you are having a GREAT week !!!

This week I have, what looks to be, a Hot Stock Chart for you !!

CSCO was in a strong up trend, started consolidating, and then made a big gap up, which means supply over took demand in a big way which is bullish.

CSCO was on a daily and weekly green Trade Triangle before the gap up (daily and weekly Trade Triangles not shown on chart) and put in a monthly MarketClub Trade Triangle on the gap up which is more bullish action. Continue reading "Chart to Watch - CSCO"

Chart to Watch - Coffee

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Coffee. (KC.N13.E).

I hope you are having a GREAT week !!!

Coffee could be turning bullish, so this week let's take a look at the Coffee Chart.

With Futures we use the weekly MarketClub Trade Triangle for trend, and the daily MarketClub Trade Triangle for timing.

Coffee put in a weekly green Trade Triangle on what looks to be the breakout to the upside of the base. Continue reading "Chart to Watch - Coffee"

Chart to Watch - EURUSD

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the EURUSD Pair. (EURUSD).

I hope you are having a GREAT week !!!

The EURUSD looks to have made a double top, which was probably a counter trend correction, and is breaking out to the downside.

When counter trend corrections are over, it will normally lead to a big move back with the main trend, so odds are that if the EURUSD continues lower it could be a big move. Continue reading "Chart to Watch - EURUSD"

Chart to Watch - AMZN

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Amazon.com Inc. (AMZN).

I hope you are having a GREAT week !!!

This week AMZN looks like a great chart to take a look at.

MarketClub put in a weekly and monthly red Trade Triangle, as AMZN was breaking out to the down side of a sideways channel. Continue reading "Chart to Watch - AMZN"

Chart to Watch - QCOM

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of QUALCOMM Incorporated (NASDAQ_QCOM).

I hope you are having a GREAT week !!!

This week let's take a look at QCOM.

QCOM looks to have made a Head and Shoulders top and is breaking out to the downside, which is bearish, and puts the odds with lower prices. Continue reading "Chart to Watch - QCOM"