The Week in Charts: What Pullback?

If you’re a long-term investor who only checks his statements once a month, and today is the day for your monthly review, you’d be excused for taking a quick glance at your statement and surmising it had been a pretty tame month. After all, in the past 30 days, the $SPY is essentially flat.

Ignorance is bliss.

The rest of us with our feet in the fire are welcoming this 3-day weekend to catch our breath and reassess the market’s message. It’s been quite a four-week ride…

#TrendingPlay What a come back! $SPY approaching 52-week high! #OptionsPlay #Bullish http://stks.co/a0EWt

— Mark Engelhardt (@OptionsPlay) Feb. 14 at 01:00 PM

So with this as a backdrop, let’s cycle through some of the more notable charts shared on StockTwits this week…

Monday

Tesla launched an assault at new highs and the psychologically important $200 level:

$TSLA breaking out. http://stks.co/syMr

— Antonio Costa (@ACInvestorBlog) Feb. 10 at 12:05 PM

GT Advanced Technologies advanced to a new all-time high level:

$GTAT : updated chart posted last night.. Up almost 10% today . Anyone play this? http://stks.co/g0Gq8

— Trader Stewie (@traderstewie) Feb. 10 at 12:07 PM

Tuesday

iRobot launched to new highs:

$IRBT broke out today post earnings. http://stks.co/a0DXV

— David Blair (@crosshairtrader) Feb. 11 at 03:32 PM

 

Wednesday

Social Leverage 50 member Freescale Semiconductor really began to build on its recent breakout:

$FSL new ATH- solid example of what strong demand clawing hand over fist to get some looks like http://stks.co/tzPN

— Michael (@trendwithin) Feb. 13 at 02:00 PM

 

Thursday

We were greeting with the news of the merging of Evil Cable TV monoliths Comcast and Time Warner:

Comcast’s Time Warner Deal to Reshape Pay TV: http://stks.co/i0Hiq $CMCSA $TWC http://stks.co/d0E1O

— MarketSmith (@MarketSmith) Feb. 13 at 11:21 AM

 

Friday

And to wrap it all up, this $VIX (the fear index) chart from Greg Harmon reminds us that the fear always recedes, sometimes alarmingly quickly…

$VIX last 7 times………going for 8 now http://stks.co/g0IGM

— Greg Harmon (@harmongreg) Feb. 14 at 12:57 PM

If you need me, I’ll be getting my whiplash treated at the nearest sports massage therapy clinic. Have a great weekend.

~ Sean McLaughlin (@chicagosean)


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