12/01/2018 |
Market Update Into 12/3: Oil Drops and Airlines “Fly”
A prepared trader is generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. As always, looking at previous charts that were drawn to see what went right and what went wrong is the best way to learn and grow in the stock market as a technical analyst. In this week’s edition, we revisit the airline stocks that were analyzed in the second week of November to see how the charts how fared since. Click here to see the Thursday Analysis from early November to compare the charts to today!
$DAL: Daily vs. Weekly
Video Analysis:
$LUV: Daily vs. Weekly
Video Analysis:
$UAL: Daily vs. Weekly
Video Analysis:
$USO: Daily vs. Weekly
Video Analysis:
$SPY: Before vs. After
This weekend’s “Before and After” shows the S&P 500 ETF, $SPY, trading in a very distinct price channel on the weekly candle. Due to this setup, we created an alert below to let us know when the price enters into the purple shaded “alert area”. The alert worked perfectly and price bounced hard into the last week of November. To learn more about our price alerts and how to set them up, please click here.
Before
After
Mobile Alert Sent
Timestamps Captured This Week
$BABA
$AGEN
$TWTR
