Larry Thompson, CMT CPA (@hostilescharts) 's Twitter Profile
Larry Thompson, CMT CPA

@hostilescharts

Market Technician - Keep it Simple & Do the Work

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linkhttp://hostileclharts.beehiiv.com/subscribe calendar_today25-01-2013 08:57:04

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Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

I'm seeing A LOT of charts setting up for POTENTIAL bottoms. Follow Through the Key Theme Next Week $META - Meta a great example. Clean risk/reward against $600. Still above it's 200 day and RSI did NOT get oversold.

I'm seeing A LOT of charts setting up for POTENTIAL bottoms. 

Follow Through the Key Theme Next Week

$META - Meta a great example. 

Clean risk/reward against $600. 

Still above it's 200 day and RSI did NOT get oversold.
Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

$AMZN - Amazon a name I'm keeping an eye on. Can we reclaim $200 and the 200 day? If so, I'll be swinging the bat with a clean risk/reward.

$AMZN - Amazon a name I'm keeping an eye on. 

Can we reclaim $200 and the 200 day? 

If so, I'll be swinging the bat with a clean risk/reward.
Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

$AVGO - Broadcom another chart with that same look. I like that we held the 200 day and RSI did NOT get oversold. FOLLOW THROUGH is the key theme this upcoming week.

$AVGO - Broadcom another chart with that same look. 

I like that we held the 200 day and RSI did NOT get oversold. 

FOLLOW THROUGH is the key theme this upcoming week.
Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

$GLW - Corning reclaiming $45 area is good to see. Another strong stock thats got punched in the mouth and back at former support. Follow Through is the key but very clean risk/reward here.

$GLW - Corning reclaiming $45 area is good to see. 

Another strong stock thats got punched in the mouth and back at former support. 

Follow Through is the key but very clean risk/reward here.
Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

$TYL - See this type of setup all over the place during my weekend review. Strong breakout and pullback to POTENTIAL support. Let's see what unfolds this week. The risk/reward is clean but follow through is needed (but it's been nonexistent).

$TYL - See this type of setup all over the place during my weekend review. 

Strong breakout and pullback to POTENTIAL support. 

Let's see what unfolds this week. 

The risk/reward is clean but follow through is needed (but it's been nonexistent).
Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

$SYF - Synchrony Financial is representative of so many charts right now. Beautiful breakouts getting punched in the mouth back to prior cycle highs. Holding these levels are a NEED not a want.

$SYF - Synchrony Financial is representative of so many charts right now.

Beautiful breakouts getting punched in the mouth back to prior cycle highs. 

Holding these levels are a NEED not a want.
Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

$XLF - Really like the way financials are shaping up. A relative leader finding support at a logical spot that offers a great risk/reward scenario. On my short list of areas I'm likely to add exposure this week if we see some follow through.

$XLF - Really like the way financials are shaping up. 

A relative leader finding support at a logical spot that offers a great risk/reward scenario. 

On my short list of areas I'm likely to add exposure this week if we see some follow through.
Larry Thompson, CMT CPA (@hostilecharts) 's Twitter Profile Photo

Being excited about "POTENTIAL" follow through means the charts currently don't look great. I hope people understand the nuance. I'm excited about a POTENTIAL future as the present is messy.