Triangle Pattern on Major Indices
We are seeing yet another triangle forming in the major indices after the last one broke down on first trading day of the year. As symmetric triangle can break out either way, keep an eye on them.Mon: Markets Closed (President Day)
Tue: Minneapolis Fed President Stern to speak about U.S. economy
Notable earnings: ACLI, BCS, CROX, HPQ, HOC, NTRI, NUVA, JOE, UTHR, WMT, WLT, WFMI
Wed: Building Permits, Housing Starts, CPI, FOMC Minutes
Notable earnings: CECO, LFG, LNET, RIG, STP, SINA, OII
Thurs: Leading Indicators, Phil Fed
Notable earnings: ABX, BCSI, EV, CHK, ESRX, JCP, MGM, POOL, PRAA, OSIP, VDSI, GG, HME
Fri:
Notable earnings: LTM
Bullish watchlist: STLD, MCO, EMR, EDU, CNX, MDR, PCP, CEG, CLF, CTRP, AGU, AG, MEE
Bearish watchlist: FLR, BEN, SYNA, LRCX
Triangles: Some of those in last week's list are still awaiting for breakout. On top of that, I'm including these: HOG, MNST, OSK, YRCW, MUR

















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