The market has been printing new record in the recent trading sessions. Some divergence beginning to show up and that is a sign to be prepare for a near term pullback. But, there are still many good opportunities for some possible swing long. Here are the charts for some of these potential swing long setup.
Financial is rotating back into the market, GS, MS and JPM are showing a bull flag type of price pattern play:
GS:
(click on the chart to enlarge)
MS:
JPM:
Here is a follow up on an earlier chart I have posted on my twitter stream for TLT. While the U.S. dollar remains to be strong, the FED will not and cannot raise rate. Therefore, TLT will remain at an elevated level until the FED has figured out a way to bring the dollar down.
TLT:
Although many traders still believe the price of crude will go lower, but many energy stocks have already rebounded from their recent low. Here are a few that show sign of a potential upside breakout.
BTU:
JOY:
GPOR: