This chart is of 5 year weekly relative timing. The SPY begins to top out over the last 5 years at 1.22. Currently at 1.11, indicating the index has more room to the upside.
SPY is about to and likely to break above the yearly high to a new high. Resistance can be found at the 117 level, or 200 day on weekly. Notice the Standard Deviation bottom box on the chart. Currently SPY is within its mean price range; indicating no top yet.
EGLE trades as part of our bottoms up Transportation Ship sector. Solid floor support at $5, has taken down the moving average resistance and is poised to move higher for a while. Strong buy up to $7.5.
Reporting earnings March 15th, we believe the technicals are inside information telling us AOB will beat earnings and raise guidance. Pennant formation resolving to the upside. MACD turning up, RSI 50 cross. Moving averages being taken down by the bulls, all point to good profits for longs.
This trades in the Drug/Bio sector, part of our bottoms up industry approved trading list.
