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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Friday, September 18, 2009

$SPX 20yr monthly





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LLL


Double play with Level 3 communications.

Getting short above 83 target 65.75

Placing a buy stop above 85.50 target 94.50


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AZO


Shorting Autozone with a stop above the 20 week sma 152.97.
Target 140.


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PTR


I find it strange that PetroChina has lagged in the run-up. Looks like more sideways action for a few months.


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ACI


Long term look at Arch Coal says buy on dips to 19.50 with a target of $30.


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AAPL


err..umm...nuf said.


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F


Nibbling on Ford and buying more at 6.55 if it gets there.


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Wednesday, September 16, 2009

Update RIMM 7 points


Taking 1/2 off


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MO


Loving in the money Dec $18 Calls on Altria.....


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AMZN - Update 5 FIVE point pop


Hope you took it and you are welcome if you did.


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Tuesday, September 15, 2009

ZION


Taking off again for now and in the category of "one that got away, again". The Golden cross of the 50 day over the 200 day SMA's will add fire to the bulls here. The patient may get a second chance on a pullback to the 20 SMA at 16.95.


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Ford Folly


Driving some Ford here between 7.07-7.15 with a stop at 6.92. Target 8.65 and beyond.


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AMZN Bull Flag breakout


Buying Amazon above $85.10 with a stop at 82.69 looking for a 10% move by January.


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Monday, September 14, 2009

DOW


DOW flying on low volume to $26.06 and 50% retracement. Sell into the strength and play the bounce back down to $21.26.


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BAC


Use some patience and wait for the break out or break down of this rising triangle. Buying calls above and puts below either way it will be a 7-8 point move in the fourth quarter.


For the Web's best interactive charts, please visit http://www.Prophet.Net