Thursday, October 17, 2013

Charts of a few very popular stocks

Well, U.S. market seems to be not bothered about anything. It is marching up without any hesitation. At least the indices.
But what about the specific stocks ? Here are a few charts of some most popular ones:


As you can see, most of these stocks are in their consolidation modes. Only a few are breaking up. And a few are in triangle formations (where the character of the next move is not clear) or even in a downtrend. But IBM, IT giant, seems to be breaking down.

So the big picture, as specific stocks are concerned, does not look too bright.

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