One to watch, Dr. Pepper

This should be interesting to follow in the next few weeks. The stock has been trading within narrowing range, and is now approaching the axis.  What is also interesting about this chart is how prices have been using the middle dotted line both as support and resistance, pushing through to favor the other side every so often.

I feel this may be a good opportunity for some profit towards the upside.

Krames

Some charts.....

DPS

GSS

M

NLST

/QM light sweet crude futures

S

-Krames

Dr. Pepper, you make the world taste better

Posted a DPS chart a little while ago, and it seems to have breached the upper resistance ever-so slightly.  The alltime high of this stock was previously 38.93, and it currently sits at 38.54.  In increase of only 0.40, or 1.04% would bring it to new key high levels. 

We'll see what happens, I'm feeling a nice pop-up.

-Krames

Increased Upward Pressure

These increased upward pressure towards the previous highs is signaling to me a movement upwards sometime soon...

Buy Opportunity

DPS - Dr. Pepper Snapple

Holdings at the start of this blog...

I figured I should post what positions I'm already in at this point, where I got in, and what direction I entered.  (By the way I trade through Thinkorswim platform)

• Longs:
• CLNE
• CSX
• DPS
• M
• TRC
• Shorts:
• GS

I'm going to speak of GS in particular.  Shorted GS on account of the bad rap they've been getting recently; the Greece currency swaps primarily.  I also drew out a pretty interesting chart, by the looks of it the channel and trend lines intercept vertex is approaching which could prove to be a vital point.  THIS LOOKS VERY SIMILAR TO MID 2007. The triangle they form is giving me further reason to believe this is going to drop.  If GS passes 165 within the next two weeks then I am probably wrong.

We will see.

-Krames