American Capital Agency Corp (NASDAQ: AGNC) A breakout took place after an engulfing bullish pattern. I think it would be a long setup and a reversal to the recent downtrend as prices leaving lower BB. CMF turned back to +ve area and extreme MACD reading seems to be reversing. Yesterday’s move was also significant in a way that the closing crossed 200day moving average.
Netflix, Inc (NASDAQ: NFLX) has broken the bullish ascending triangle today and finds some resistance over 200day moving average. The moves follows the criteria of a triangle as a continuation with decreasing volume throughout the formation and a breakout with relatively high volume. I am long this stock. I have a target of $95 from extending the height from the nearest trough to the base of the triangle.
Standard Poors SPDRs (NYSE: SPY) Just wanna touch base on the market in a general sense since there is a huge sell-off in the recent trading weeks. RSI and Slow STO are at extremely oversold level, amid worries on fiscal cliff and EU economies. Today’s bounceback is a good sign, signaling a possible reversal since volume exceeds any single days in the whole week. MACD seems to be reversing after reaching lowest level since June. I look forward to a correction to at least $147.42 then $140 before seeking another round of sell-off, if not, even higher index returns depending on the market currents.
