Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Monday, July 22, 2013

Dow and Tech July 22-2013

Around mid afternoon the Dow continues consolidating. The target for this movement was reached on July 8 but it continued the move for five more days.
15440 is the support for today, any close below that marks my end for this uptrend that started on July 3.



Tech broke down below support last Friday and right now is below the ma(13). A close above 789 today is needed to halt the consolidation. Other groups are trading alongside the Dow; let’s see if Tech is strong enough for taking the markets in the following days.






Brick and mortar world continues to take most of my time, thank you for your patience.




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About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick