EWZ

EWZ, iShares Brazil ETF, snapped up today to cling to it's 200EMA. It's also printing a bullish momentum divergence.

watching

PBW is a clean energy ETF with solar holdings that we all have on our watchlists.SLX is a steel ETF that might be a good play this week as we saw some big moves today in AKS, RS, MTL (bullish hammer after capitulation?), X, MT, et al..

R

Ryder System Inc., had a big move today (looks like it would have made a good Over-Night Hold, perhaps we'll see some follow through tomorrow morning?).

Dollar Index

This is a follow-up to my post yesterday regarding the U.S. Dollar index. It's beginning to look like a bearish flag formation taking shape (following the H&S pattern). Being that I don't have a forex account, nor a futures account, to take a position in this set-up I'm left trying to figure out other ways to take advantage of what might be a measured move to the downside for the U.S. Dollar Index. Here's what I came up with; First a chart of the current U.S. Dollar Index position:Some vehicles to look into for a play on futures or forex are available through such places as invescopowershares. The first is DBV; it "is comprised of currency futures contracts on certain G10 currencies and is designed to exploit the trend that currencies associated with relatively high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates." Looks like a potential break-out candidate.There's also UDN; "designed to replicate the performance of being short the US Dollar" against a basket of currencies like that of the U.S. Dollar Index.
Not as much bang for your buck as directly playing futures or forex (I really have to open one account or the other), but a viable option. If I come across any other options I'll update this post with them.

Broadening Wedge

It appears Biotech is attracting attention currently. Here is a Broadening Wedge pattern that's taken shape in BMRN. If for nothing else, it will be interesting to watch and see how it reacts. From patternsite.com a measured move would put a break-out/-down at +/- 12%, while keeping in mind the possibility of a partial decline (explained in the patternsite.com) before the breaking move.

DUG

As the price of oil rises, so has the ETF DUG (Ultra-Short Oil & Gas) recently. Check out the information included on seekingalpha.com, which also shows a chart representing the drop in U.S. & Global oil demand.Check out the ETF for USO also which seems to be looking kinda toppy with that hanging man, followed by an inside doji bar, and a momentum divergence.

re-update

For posterity I'm updating the action of AAPL stock so as to follow up from this post and this post. The 30-min chart is a good near-term summary.The weekly isn't broken yet. It will likely be up to the overall strength (or lack of) in the broad markets to determine what will happen here.

update...

After my post about Apple stock yesterday, check out what today's price action did to the charts. It's fighting to stay alive that's for sure.
The 30min chart MACD diverged and went bullish while making a run at the triangles upper trend line.
The daily got support off of the 50EMA (around $174) and the MACD looks poised to cross over.This weekly chart is looking nice if it can accelerate above the handle at $185.

Is Apple Finished?

Apple stock is languishing, along with many big tech names. With three successive lower momentum highs, the stock looks like it could be gearing up to roll over and test the 200EMA back at the $156 level. Perhaps much will depend on what happens in the broad market in the short-term.
The weekly chart demonstrates a steep cup w. handle pattern which could portend higher prices in the weeks/months to come. While on the same weekly chart we see the MACD fast and slow lengths converging. A crossing of these lengths = short bias, should the lengths diverge there could be some bullish optimism.The daily chart seems to have an extended cup w. handle pattern drawn out as well. The negative aspect of it being that the handle has become over-extended which could allude to the stock price rolling over. Looking at an intra-day (30-min) chart we have a MACD about to cross down, along with a triangle/wedge pattern taking shape and resting on support. Perhaps the near-term price of Apple stock will correlate with the Nasdaq and whether we see more selling. But, it's not looking to bullish for Apple at this point.

Head & Shoulders

Three stocks to watch based on a head and shoulders top formation.
SOHU
FCX - perhaps a little less reliable as the left shoulder is higher than the right. But, the momentum highs have been less forecful.And of course there's MA

ENER

After Monday's explosive move for ENER the issue retraced 50% and has set up a bull flag that looks like it may have more momentum behind it to the upside.

ANR

Think we'll see ANR test $100 tomorrow? It's been unstoppable with tons of momentum behind it.

trades

Took five trades today, lost on 2.
CSX - long, small loss
CLF - long, gain
DO - long, gain
GS - short. loss
GS - long. gain
The first two trades of the morning were CSX and DO. CSX gapped up, retraced and looked like a bullish flag pattern, so I went long on a break of the flag. It moved slightly in my direction before reversing and I walked away with a $0.15 loss.
DO had a tight base forming this morning that coincided with it's previous day resistance, I went long on a retracement of the breakout.CLF was a base break setup. I missed the Opening Range base break.GS; Initially I took a short position as the general market was looking weak (and SKF was on the run). After the tweezer/rounded bottom (the rounded bottom stands out more on the 15-min chart) I went long based on the guidelines with the Klinger Oscillator.

BEN

BEN is slowly making it's way back up to the $105 resistance.

LEAP

Ive had LEAP on my watchlist after it broke over it's $55.75 base. It's former resistance is now acting as support while it's 50-, 100-, 200-EMA's undergo a crossover.

TTEK

Basing around $25.70 TTEK (Waste Management Services) is flirting with multi-year highs. It has strong resistance ('04 highs) to contend with, so it will need some momentum to push through here, but it looks determined.

For Monday

FWLT (Cap. Goods, Construction Services); it either ran as far as it can (nearly touching $80) and will see some consolidation, or we can get a push to $85 with support at $80.CRZO (Energy, Oil & Gas Operations); got a huge rush of momentum last week. It's currently basing around $74.75.FTI (Energy, Oil Well Services & Equipment); Looking for a base break above $79.25.CWEI (Energy, Oil & Gas Operations); This looks like a stock that has gone too far too fast. Huge momentum has given this stock a 44% gain in the past two months. Though it looks over-extended it is basing around $78.

COV

COV basing around $49.50 and could have a move higher. The past 3 tests of the 20-day EMA moved price higher and today saw a quick test of that 20EMA. Price finished strong considering today's late day sell-off. Volume was up big too.Other basing stocks I'm checking out are:
BOKF
PXD
HES
LUK
EAC
BRY
DNR
FTI
CNI
CRR
ZEUS
CEDC
WLL
PBR
NBR
EGLE
SBLK
QCOM
MEA
CPX
UNT
COV
CNQ
COG
XEC

PBR

PBR basing around $65.75. Up over 2.5% after hours after reporting Q1 earnings.

More for Monday

RIMM basing around $133, seems like it's waiting for a bullish Nasdaq day before it tests out the $136 range. JOYG basing around $79.30 after breaking a $72 base.HAL; making a second attempt above $48.10