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, 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
CCLP
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
Wow.
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
Monday, February 8, 2016
$SPX - 5yr weekly
Will probably test 200 weekly average at 1815, then 1800, then below.......
Created with ProphetCharts®
Wednesday, February 3, 2016
Monday, August 24, 2015
$SPX - 10 year monthly
5 month - 2019
20 month - 1960
50 month - 1741
2008 Top - 1576
200 month - 1303
Created with ProphetCharts®
Thursday, October 23, 2014
Friday, October 10, 2014
FTR - gap fill
FTR filled the gap at 5.90 on yesterday's pummel. Thiis is not a bad place to start nibbling.
Created with ProphetCharts®
Wednesday, September 24, 2014
IWM - 5yr Weekly
A lot of media analyst have been making a big deal about the Russell 2000 breaking it's 200 Daily SMA. Yes it has broken that level only to find the 20 Weekly SMA for near term support. This is a great lesson in looking at multiple time frames to find trading points. This possible rolling over of the small caps could be the bieginning of the end which is definitely worth watching.
Created with ProphetCharts®
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