As a swing trader, I spend most of my time watching daily charts to define entries and measure sector strength. However, it’s sometimes useful to adjust time frames to see if your assumptions are still valid. The more time frames your setup is confirmed, the stronger it is. Let’s take a look a few good looking weekly long charts…
AMZN – After finding support on 38.2% fibs, next stop seems likely near next fibs at 1800.
AMGN is a choppy ling but tends to move well after it gets north of MA50 (red line).
ETFC – Good looking weekly for ETFC worth watching.
LULU – die hard fans and one of the last premium lines that feel market stress. Working on a pennant here.