Good Charts for Good Friday

Happy three-day weekend, everyone. No sermons today. Just a few good charts.

First up is AutoDesk. I mentioned this one a few days ago and a "blast from the past." It looks like it's losing ground (which is good, since it's a short recommendation, as all of these are). If this really starts to fall, the key question is whether it will fall all the way down to the lowest trendline you see or not. I'll leave that judgment for later.


ESRX is a high-risk/high-reward trade. It's in a pretty decent topping pattern, and I'd suggest using that descending trendline (as opposed to a neckline) as my stop-loss point.


Perennial favorite GOOG looks like it's weakening after a stury push upward over the past six weeks or so. The Fibonaccis are helpful guides, but obviously not rock solid lines in the sand.


Holly (HOC), although a big winner over the past year for the bulls, is so lofty it represents a relatively low-risk short position, as dictated by the trendline you see. It seems to have peaked for now.


Finally, the utility ETF whose symbol is UTH is continuing to weaken, as I thought it would a couple of weeks back. The green highlight indicates my earlier prediction for how far it might fall.