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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Few Chart Observations From Today 0 comments
    Apr 8, 2013 9:49 PM | about stocks: XHB, XLF, TLT

    By Jeff Pierce

    Obviously XHB could fall down to the support zone, but today's bounce showed that it is still behaving bullish.

    (click to enlarge)

    Financials have barely pulled back. A .50 correction is nothing.

    (click to enlarge)

    Still bearish, but a countertrend rally is not out of the question.

    (click to enlarge)

    If TLT corrects then the market will likely continue moving higher.

    (click to enlarge)

    (click to enlarge)

    Stocks: XHB, XLF, TLT
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