Weekend Market Analysis 09/06/2014 [HD]

2 years ago
14

The most critical, actionable and noticeable set up for the general market is IF this is week's closing highs remain intact then the Dow Jones [17,137] is painting a meaningful reversal picture.

Hour to hour though the charts look ready to advance higher and if you couple that with strong monthly charts then we are at the mercy of market bulls.

Generally, world wide markets also show that they could stall around current levels - especially the European markets.

Some markets like China and even Brazil look great on monthly charts and in some ways one wonders if they are the next true leadership many months down the road.

AAPL looks safe as long as it can stay above $97.49 the previous weekly closing high and also as long as it holds above 50 on it's daily RSI.

The solar ETF TAN [$45.36] could get very bullish should it breakout above $46.70 on it's monthly chart.

There is also discussion on a sample of individual names like FB, TWTR, GPRO, NFLX, LNKD,KNDI, PLUG, BAC and BIOF.

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