The ETF FAS today gaped up beyond $72 and ended the day just above it as shown on graph above. Some technical indicators I use daily are pivot line- yellow line, upper and lower bollinger lines- gray curves, daily vwap- blue line, and weekly vwap- purple line. Very interesting that the daily pivot line was set at $71.48 and right around 3:20PM EST the lowest point FAS reach was $71.30. Note today was FED annnoucement which had really little effect on the finincials and even the downward momentum was paused at the pivot line. If only I had the courage to purchase the stock at about $71.50 as it pushed up against the pivot line. Dang. Maybe next time.
Showing posts with label vwap. Show all posts
Showing posts with label vwap. Show all posts
Wednesday, December 16, 2009
Pivotal Moment
The ETF FAS today gaped up beyond $72 and ended the day just above it as shown on graph above. Some technical indicators I use daily are pivot line- yellow line, upper and lower bollinger lines- gray curves, daily vwap- blue line, and weekly vwap- purple line. Very interesting that the daily pivot line was set at $71.48 and right around 3:20PM EST the lowest point FAS reach was $71.30. Note today was FED annnoucement which had really little effect on the finincials and even the downward momentum was paused at the pivot line. If only I had the courage to purchase the stock at about $71.50 as it pushed up against the pivot line. Dang. Maybe next time.
Subscribe to:
Posts (Atom)
Posts
