Technical Analysis of Financial Markets
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2006
(71)
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July
(8)
- FedEx Corp. (FDX)
- Dow Jones – Double Bottom (almost complete)
- Starbucks Corp. (SBUX)
- Transocean, Inc. (RIG) – Bearish Head & Shoulders Top
- Union Pacific Corp. (UNP) - Bearish Breakdown ?
- Dow Jones - Narrowing Uptrend
- Google, Inc. (GOOG) - Symmetrical Triange ?
- InterDigital Communications Corp. (IDCC) - Bearish...
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July
(8)
Tuesday, July 11, 2006
Union Pacific Corp. (UNP) - Bearish Breakdown ?
Not quite a Symmetrical Triangle, but coiling like one, UNP seems to be tightening-up preparing for a breakout. With the current uptrend forming on diminishing volume and the OBV suggesting smart money flowing out, a breakout favours the downside. Overall wider and general market direction may decide the breakout direction.
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