Best of StockTwits Charts: Is The Recent Decline Etching a Major Top In Stocks?

StockTwits
August 15, 2013

The StockTwits Charts Stream gets filled daily with thousands of stock charts created by the largest real-time trading community in the world. Below are a few notable ones for your perusal:

1. Dow Jones Industrial Average (DIA) - Yuriy posted this 15 year chart of the Dow Jones Industrial Average which provides a very nice look at the current bull trend within the context of a much longer time frame.

We are at a critical spot here as we approach the ascending resistance line and it leaves us wondering whether the recent pull back in equities might denote failure at said line and the beginning of a larger decline.

DIA81513
View photos
DIA81513

(See Yuriy’s original StockTwits post here.)

2. Natural Gas ETF (UNG) - J.C. Parets, Founder & President of Eagle Bay Capital, chalked up the natural gas chart posted below. Let’s face it, UNG has been a dog among commodities, though J.C.’s chart shows a nice rounded bottom and a push through resistance.

Over longer time frames, underperforming assets have a tendency to begin to outperform just when they have been written off by the majority of investors. Perhaps, natural gas is about to really get going here.

UNG81513
View photos
UNG81513

(See J.C. Parets’ original StockTwits post here.)

3. Boeing (BA) – On StockTwits, Lionel charted the ascending trendline support break in Boeing. Expect momentum investors to exit fueling further weakness.

BA81513
View photos
BA81513

(See Lionel’s original StockTwits post here.)

Related Articles