Watchlist: Citigroup, Gold & XOM

These are some securities that I am following. The bull US dollar is something to worry (it is not good going against the US dollar now, buying stocks), but I think that the bull US dollar is a sign of weakness on the euro, rather than weakness in commodities and stocks.

Citigroup: wating for the breakup of the down trendline (with volume)


C daily:

GLD: a good buy could be 107 USD

$GOLD daily:

GLD hourly:

XOM: down trendline broken. Refer to older post in order to look up for other timeframes charts.


XOM hourly:

S & P 500 in US euros: bullish signs

Notice the bullish divergence in the slow stochastics. In addition, the EMA's are still pointing up and the trendline is intact. I am not bearish. 

XOM

It is difficult to imagine the market making new lows after this pattern in XOM.... but the trend is your friend. And mine.

S & P 500 in US dollars: supports and MA's

SLV: distribution with Head and shoulders?

Volume: As the Head and Shoulders pattern unfolds, volume plays an important role in confirmation. Volume can be measured as an indicator (OBV, Chaikin Money Flow) or simply by analyzing volume levels. Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. This decrease in volume and the new high of the head, together, serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head. Final confirmation comes when volume further increases during the decline of the right shoulder.

To learn more on this pattern, click here