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HOURLY POINT AND FIGURE CHARTS

|Includes:IWM, LVS, SPY, iShares 20+ Year Treasury Bond ETF (TLT), XLE

I like using p&f charts to find areas of support and resistance and to take out a lot of the noise that appears on most types of charts.

The hourly p&f charts below are some that I have been watching. Most of them have not broken out yet and are right at resistance levels. I suggest taking the time to look at some of the other sectors as well. There are quite a few that have already broken out of recent consolidation areas.

On another note, if anybody knows what to do with LVS up here please let me know. Someone keeps asking me and I don't have a good enough answer to make him stop asking me.

Click on charts to enlarge








Stocks: TLT, XLE, LVS, SPY, IWM