MasterCard ($MA) : Bearish Tweezer Top

MasterCard ($MA) has been lagging behind its competitors in many areas in the market. More importantly, in the areas of innovation and new markets, it is now facing competition not just from traditional competitors like VISA but also the likes of PayPal, AliPay etc. The chart shows a bullish run up of MasterCard with good… Continue reading MasterCard ($MA) : Bearish Tweezer Top

$AAPL : Resistance of the gap and weekly kumo

$ AAPL rises from the lows of $390 till $500 on news that Ichan has acquired stakes in it. On the daily Ichimoku chart, it would have point to a great bullish move. However, with the announcement of the iPhone 5c and 5s, it seems that the market has price in the lack of innovation… Continue reading $AAPL : Resistance of the gap and weekly kumo

$SPX : Ichimoku Kumo Support

  For the past few trading days, /ES has been showing signs of consolidation with the price trading within a fairly narrow range. Today, /ES seems to have shown that the kumo support at around 1390 has hold and the /ES has since bounce off and is trading above the Chikou Span resistance. However, as… Continue reading $SPX : Ichimoku Kumo Support