sp'60min'2 - bollinger/Keltner
Summary
One single..and simple chart to highlight the two sets of bands which I think are pretty important to focus on across today..and into early tomorrow.
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*I remain on the sidelines, but seeking a full re-short late today...but right now..seems more likely (and safer)...early Wednesday.
stock of the day..so far...
BKS
The company has a business model that still doesn't work. I'm sure they've already done a lot to minimise their costs. Either they increase prices on EVERYTHING by 5-10%, or they will be liquidated, and then the vultures will pick up the stores that do make a profit.
The 'nook' continues to be a classic example of a company venturing into a sector outside of its expertise..and it has cost BKS shareholders dearly.
Simply....abysmal. The entire board should be fired for utter incompetence.
UPDATE 10.02am..econ-data ALL comes in fine, there is no reason why we won't hit 1600 by end of today, and perhaps a little follow through early Wednesday.
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10.22am ...a bit choppy, but I'm still guessing strength into the afternoon.
Certainly, its probably confusing many, but we do have some short term bullish signals on the hourly charts.
I'm VERY content just to watch.