Blog description

My photo
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.

Saturday, April 30, 2016

$SPX 1yr Daily

BULLS - Climbing the "Wall of Worry" to 2013? Must stay above trend.

BEARS - Failing trendlines to cast off in earnest below 2052?

Weekly Pivots - horizontal lines at right margin:
R2 - 2120
R1 - 2091
PP - 2072
S1 - 2045

Created with ProphetCharts®

Friday, April 22, 2016

Thursday, April 21, 2016

S&P 500 - The range

Breakout above 2135, or breakdown? We may get answer to "Sell in May and go away" by Options expiration May 21.

Created with ProphetCharts®

Saturday, February 27, 2016


Yield now over 30% and has consistently paid 3/4 quarters for 5 years skipping 1st quarter every year.

Also check out the Inverted Head & Shoulders Pattern:

Target = (27.50 - 4.00) / 2 = 11.25 + 27.50 = $38.75

Hmmm, the 161.8% Fibonacci is just above that at $41.07

The setup is to buy or add to position on a breakout above $5.75 breaking the topping tail of the last week of Frebruary 2016.

Let's see that's a 30% Dividend Yield and potential growth of 8 times initial...

duh, with a little patience

Created with ProphetCharts®

Thursday, February 18, 2016

ProphetCharts: $SPX

Nothing to get excited about on the long side till a break above 50 day ema of 1942.

Created with ProphetCharts®

Thursday, February 11, 2016

ProphetCharts: $SPX


Nailed phase 1 at low of 1812.82. Will it hold or fall to

Phase 2 - 1800-1790

Created with ProphetCharts®

Tuesday, February 9, 2016

$INDU - 1yr daily

Dow parallel lines

Created with ProphetCharts®

Monday, February 8, 2016

$SPX - 5yr weekly

Will probably test 200 weekly average at 1815, then 1800, then below.......

Created with ProphetCharts®

SPX - 1yr daily

Created with ProphetCharts®

Wednesday, February 3, 2016

CMG Bottom?

Thinking about getting some Jan 18 leap calls. Thoughts?

Created with ProphetCharts®