Below is a list of names for those charts we believe are showing technical characteristics of either bullish or bearish reversal patterns that occurred over the past week.
Bullish reversals imply institutional accumulation and the potential for higher prices. Bearish reversals imply institutional distribution and the potential for lower prices.
Each group is listed by sector affiliation. Please feel free to contact the author for further details.
Bullish Reversals:
Consumer Cyclicals: The Michaels Companies (MIK) , Signet Jewelers (SIG)
This market is all about the news flow and it is not going to provide much upside opportunity until there is more clarity, even if the headlines are bad.
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