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…
— 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…
Tesla launched an assault at new highs and the psychologically important $200 level:
— Antonio Costa (@ACInvestorBlog) Feb. 10 at 12:05 PM
GT Advanced Technologies advanced to a new all-time high level:
— Trader Stewie (@traderstewie) Feb. 10 at 12:07 PM
iRobot launched to new highs:
— David Blair (@crosshairtrader) Feb. 11 at 03:32 PM
Social Leverage 50 member Freescale Semiconductor really began to build on its recent breakout:
— Michael (@trendwithin) Feb. 13 at 02:00 PM
We were greeting with the news of the merging of Evil Cable TV monoliths Comcast and Time Warner:
— MarketSmith (@MarketSmith) Feb. 13 at 11:21 AM
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…
— 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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