The colors tell the story Green is good and Red is bad. Bruno is behind by over 10% total after two months, but it is still early and this market is definintiely bi-polar.
Blog description
- Rodney
- 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, March 5, 2010
Stockpickers competition update
The colors tell the story Green is good and Red is bad. Bruno is behind by over 10% total after two months, but it is still early and this market is definintiely bi-polar.
$SPX
This is why you are hearing so much about 1150 on the S&P. Here's a thought: the market has expended alot of energy to get back to this level, can you say "Double Top"
A good trade setup would be to use 1150 to get short with a stop just above at 1154.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, March 4, 2010
GS
Big up move or last hope? NOT bullish yet. Wait for break of the triangle.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, March 3, 2010
NFLX
Check out the bounce off of fibonacci frsistance on Netflix...
ca-ching
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, March 1, 2010
$SPX
With an hour left to the trading day the S&P has broken out of the latest traingle. One would expect little resistance to the 1128 level; however, there is a struggle to breech the 1115.
I'm waiting for a bounce play to the down side above 1120.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GS
Goldman is "climbing the wall of worry" as it traces along the 50 week Simple Moving Average.
This pretty much sums up most stocks as they are in between and stuck in ranges. Patience is the key and if you have the ability to put on some condor options trades time decay is your friend.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, February 25, 2010
GLD
Gold up today on rumour China will buy remaining IMF gold reserves. Up but downtrend not broken.
For the Web's best interactive charts, please visit http://www.Prophet.Net
SIRI
Sirius - XM beat the street reporting earnings this morning and incresed their forecast projections for the remainder of the year. In pre-market trading the stock is virtually unchanged at $1.10.
Look for a "shakeout" move on selling the news. This may be the opportunity to add to your long position.
Remember a break of $1 and all long bets are off.
As I'm posting this the market opened and you are seeing the daily range as of 9:35 am.
For the Web's best interactive charts, please visit http://www.Prophet.Net
(GLD/MO)
Here's an update on the GLD/MO trading pairs chart on a 5yr weekly. I find it interesting that a long term flag is forming and the pair is near a bottom inflection point of 5.21.
This chart is definitely showing the effect of the US dollar on GLD and the dividend yielding equity Altria. The recent rise in the greenback is shown as gold and GLD have pulled back and MO has risen and also shows there is a little more room in this direction. Perhaps the $83.00 target on the dollar will become a reality.
I plan on poring back my GLD short and begin looking for entry points to switch to long and possibly get short on MO as the dollar rise tops out.
For the Web's best interactive charts, please visit http://www.Prophet.Net
F
Ford breaking out of bull flag.
Long above 11.65
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, February 24, 2010
HD
Home depot reported earnings and beat the street expectations. But the more interesting news is they RAISED their dividend again. So here is an all time monthly chart showing the beginning of a breakout. I'm buying here below $30 for long term hold.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, February 23, 2010
SIRI
Bull Flag - Long above $1.07
Longer term term holders may want to put a stop at $0.99 to protect profits.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, February 19, 2010
UDN
Bear flag on dollar down about to break
For the Web's best interactive charts, please visit http://www.Prophet.Net
EUR/USD
Room to fall meaning rise in USD $$$$$$
For the Web's best interactive charts, please visit http://www.Prophet.Net
$SPX
Optiions expiry.....Lookout
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, February 17, 2010
Monday, February 15, 2010
Thursday, February 11, 2010
$SPX
Up to 1090 tomorrow and the week is merely an inside week butting up against FALLING moving averages...
Bearish until 1105 is taken out to the upside and then still have resistance at 1121.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Scaling out of long and looking to enter short in stages:
107.35
108.10
108.35
The thinking is that the affliction to the 200 hour moving average is too much of a coincidence to the gap fill of 108.43. This sets up an excellent short trade with a stop above 108.50.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GNK
Long for the long term hold with leaps
Stop - 17.94
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, February 10, 2010
$SPX - long term Fib Fan
Monthly chart with a Fibonacci fan line shows the downtrend and the importance of the current level. Take into consideration the monthly average and it's pretty easy to explain the markets oscilations of late and the increased volatility.
I see a short trade setup with a stop of 1105 or the monthly high.
A long setup using a small position size with the stop being just below the 200 SMA 1034. This is a bounce play and profits should be taken quickly.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, February 9, 2010
EUR/USD
All the talk on the Euro is the only thing proping the dollar up. It is not that America is stronger, but everyone else is getting weaker especially Europe. Somehow I find it comical that the US dollar will be viewed as a "safe" vehicle and I do not expect this sentiment to last. Look for precious metals to bounce and use your due dilligence on finding entry points on GLD and SLV on ascending trendlines.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Saturday, February 6, 2010
GLD
Shorting GLD above 105 with stop just over bottom green trendline or 106.35
For the Web's best interactive charts, please visit http://www.Prophet.Net
Subscribe to:
Posts (Atom)