Weekend Review | Box of Trends

Trade Anatomy Portfolio

0.00% MTD | -.32% YTD

Position Summary

0 long | 0 buys | 0 sells

Watchlist Summary

7 candidates


Little has changed over the past week, and portfolio preservation remained the primary objective. Quite honestly, the main screen barely budged up or down this week as the market made new lows and then closed fairly strong on Friday.  If the general market decided to make a mild move up over the coming weeks, the main screen could see some improvement, but chart patterns might need an additional week or two to be properly set up.  Of course, the other side of the coin would be continued selling pressure creating  further drag on any new trades.  Time will tell, it always does. Over the past two weeks, gold has had an impressive move and in doing so has become relevant again.  I suspect gold will need a few weeks of consolidation, unless the last two weeks of price movement are hinting at a much larger crack in the financial system.  With Valentine's Day being yesterday,  I thought that instead of sharing a box of chocolates, I would share a box of trends.   

S&P 500 | Weekly View

It sure felt like the S&P 500 would close below the 1839 price point as we headed into Friday. However, Friday provided relief, and the S&P stayed above the the main trend line.  The overall direction remains negative .

GOLD | Weekly View 

As I mentioned above, gold has now had an impressive two week run.  The main trend is now positive, but some consolidation in the near term could be expected.

USDJPY | Weekly View

The USDJPY trade had been a phenomenal long trade from (2/20/12 to 1/04/16).  With the trend change on 1/04/16, USDJPY looks to be headed to the 110 area for support.  If that area doesn't hold, then 106-105 would be your next area of support from a weekly perspective.

FANG |  Weekly View 

Facebook, Apple, Netflix, and Google are trading favorites for many.  I'm asked regularly my opinion on these stocks which is why I've included them below.  Both FB and GOOGL from a weekly perspective continue to maintain their positive trends, while NFLX and AAPL are both trending down from a weekly perspective.  

Watchlist Summary

It's safe to say that there is only one stock that I'm really compelled to highlight today, and that's ORBC. It's been posted a few times now and on Friday was able to make a technical breakout.  Below is the chart.  

So far in 2016, the trading road has been anything but smooth which is why it's necessary to have a disciplined trading process that keeps you out of ditch.   Sometimes sitting back and observing is more important than participating.      

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