July 12th, 2014 | Tags:

I like the look of KNDI in the medium-term if it can work it’s way over that horizontal resistance.

click chart for full-size

 

Most of the setups I posted last week never filled or got stopped-out in the brutal environment we just saw.

The buy signal I posted here on 5/22 switched to a sell last Tuesday.

 

This means I’m trading defensively for the time being. Sure there will be bounces, but when the signal is on a sell it’s time to be cautious, just like in January and March.

July 6th, 2014 | Tags:

I spent most of the 4th of July weekend doing things other than staring at the screens.

But I still found a few charts that might be worth watching headed in to the week.

(click charts for full-size)