Today’s stock chart scan highlights Yum Brands (YUM) and Direxion Daily Small Cap Bull 3x (TNA). Yum displays a great chart with a clear neckline. With recent trading activity YUM has held up very well, despite overall market weakness. The Direxion Daily Small Cap Bull 3x (TNA) shows a possible head with double shoulders pattern. Last Friday’s candle (08/20/2010) made a low which touched the neckline of our head and shoulders pattern.
Poor personal loan portfolios in a weak economy equals a lot of trouble. Couple that with a presidential administration completely against your specific business model and things go from bad to worse.