Morgan Breaks

JP Morgan (JPM) completed a 4 months broadening top. Implied target is $49

jpm2

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Nasdaq Is Saved

The Nasdaq (COMPQX) has been saved today as it has almost completed a 4 months broadening top. Both the Nasdaq and Russell 2000 have a similar top. But recently the nasdaq has been the weaker index. A close below 3968, implies a target of 3,580.

compq


Shirts On Sale

Phillips-Van Heusen (PVH) has completed a 3-months rare Diamond Top, which coincides with the end of the broadening top trendline. First support is the gap at 112.

PVH Daily

PVH Daily


Broken Cookware

Williams Sonoma (WSM) formed a 7-weeks broadening top with a neckline at 56.96 that has broken down with a target of 52.50.

WSM

WSM Daily


How Lennar (LEN) Is Exposing Home Builders

Lennar has formed a broadening top with a neck line at 36.61. There is however a gap at 37.85 that remains to be filled (or not). A firm close below the neckline targets 29. Please like on facebook, comment and share

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Lennar Daily