John Carter Analysis: FB, FXI, UUP, GLD, KO, CHRW, BIDU

Today we’re taking a look at a few charts, starting with FB which is rocking and rolling, confirmed for a full position based on positive readings with 5/5 indicators. Based on where FB sits on the chart, it could pull back, so appropriate long strategies would include straight long equities or longer dated call options. Selling puts is also an attractive option, but we would avoid buying calls that expire soon. Looking at a the broader markets, the Yen is rolling over which is another bullish sign for stocks. The US dollar index has exploded higher in response to European quantitative easing, putting pressure on gold, so the gold long idea is being taken off the table for now. KO continues looking good, along with CHRW. BIDU is trading sideways while setting up for another squeeze higher.