As Bugs Bunny once said, "Be very Careful"
For the Web's best interactive charts, please visit http://www.Prophet.Net
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.
Tuesday, December 29, 2009
$SPX
As Bugs Bunny once said, "Be very Careful"
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, December 23, 2009
MO
MO resisistance levels as the dollar rises and the inverse H&S pattern plays out. By the way an Inverse H&S is VERY BULLISH!
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, December 15, 2009
BAC
Downward slope may not end til mid $13
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, December 10, 2009
Wednesday, December 9, 2009
Tuesday, December 8, 2009
AAPL
Shorting AAPL above $205 paying look for profit taking on the shorts here and a possible bounce off of $185. However, a failure to hold $185 could be a very promising short entry.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, December 7, 2009
Friday, December 4, 2009
GLD
Gold break of breakout trend on dollar rise off of better unemployment numbers. REALLY....
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TLT
20 year treasury holding trend barely but still bullish until broken
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UDN
Dollar down still holding trend
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Tuesday, December 1, 2009
MO
Beware the H&S on the one hour chart of Altria. A break below 18.70 could be another buying opportunity in the mid 17's.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, November 27, 2009
DIA
Possible targets as the Dubai news may take the wind from the bull run sail for now.
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GS
HUGE inverted H&S with a close stop. Long into December...
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, November 19, 2009
Tuesday, November 17, 2009
Monday, November 16, 2009
Sunday, November 15, 2009
Thursday, November 12, 2009
Wednesday, November 11, 2009
Sunday, November 8, 2009
Wednesday, November 4, 2009
QCOM
Looks like a year long H&S pattern, but I'm wondering if it holds support at the convergence of the moving averages and the fib line at 40.67.
I'm long with a stop of 40.45
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, November 2, 2009
$SPX kiss
Today's move was a kiss of the underside of the trend looking for fall away from line this week.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Sunday, November 1, 2009
Saturday, October 31, 2009
$SPX
As bad as it was Friday this market is still in chop mode and the US Dollar holds the steering wheel. The scenario of a sell-off closing out Oct and beginning November only to rip up to close out the year in December appears to be coming to fruition.
I'll be looking for the selling to subside next week to get back long with a stop below the 1014 fib line.
For the Web's best interactive charts, please visit http://www.Prophet.Net
BIDU
Set an alert on BIDU to get short near 400
For the Web's best interactive charts, please visit http://www.Prophet.Net
RIMM
Stopped out earlier in the week and looking for a bounce to get long at $57.50 with a VERY tight stop.
For the Web's best interactive charts, please visit http://www.Prophet.Net
HD
Home Depot getting smacked down as it excemplifies the retailer and home builder sectors. Tough to be a bull here and easy to wait for bounces up to sell into.
For the Web's best interactive charts, please visit http://www.Prophet.Net
EUR/USD
Euro/USD to sells off to secondary trend but still bullish.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Long GLD
stop = 101.59
Short term Target = $105.50
Intermediate Target = $ 115.00
Long term Target = $ 130.00
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, October 30, 2009
MET
MetLIfe finding resistance at 37.76 or the 50% fibonacci retracement level.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, October 29, 2009
NFLX - Bull flag agian?
Waiting to see the low $50 levels to get long.
For the Web's best interactive charts, please visit http://www.Prophet.Net
S&P
Break of trend, but may not be ready to roll over & die just yet.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, October 27, 2009
MO
The rise in the dollar is having an affect on diviend yielding companies like MO so be careful as the dollar runs into heavy resistance the toward the end of the week. This 60 day 1 hr chart clearly shows support and resisance levels and a break below 17.80 leaves ALOT of white space below.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, October 26, 2009
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