UPDATE

Missed the bottom in Weatherford... or should I say I wasn't paying attention.  We'll see how it moves from here.  Moving on, the dollar appears toppy.  I like UDN, ULE and FXE as ETFs to play it.  I blogged about action in the BGU tipping the hand of the major US equities, but looking at ADRD I wouldn't be surpirised at all if the dollar's weakness was spun as more of a win for European competition globally rather than a windfall for US internationals.

WEATHERFORD INTRADAY

5 and 15 minute charts demonstrate multiple MACD and RSI downward trendlines repeatedly being broken

Ultimately, the Williams indicator should develop a similar, plainly visible downtrend

An accompanying, accelerating sell-off should ensue

Volume finally dries up a selling pressure is exhausted - no more sellers will be left

WEATHERFORD DAILY ANALYSIS

MACD downward trendline has been broken

Slow stochastics have bounced up from below 20 and turned lower again

Welcome

Welcome to the Blue Light Stocks blog!  The purpose of this blog is to get people involved early and often with undervalued or otherwise exceptionally priced top quality stocks.  I have become more and more impressed with stories of wealth generated by periodic investing, the power of compounding and, most importantly, time.  That is why I'm happy to promote involvement in stocks as early in life as possible.  In conjunction with my own technical analysis centered around MACD trendlines and stochastic double bottoms (more frenetically blogged about here) Blue Light Stocks is dedicated to investing in dividend paying, fundamentally strong, wide moat companies with exceptional risk/reward profiles.  In essence, following the rules of buying low and not lose money results in one solution: buying at the bottom.  It is my goal to find high quality companies as close to this price point as possible.  Wealth begets wealth.