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, May 15, 2009
$SPX
Here's a closer look using some fibonacci levels. It's uncanny how they line up with yesterday's price action and the Monthly Pivots at 850 & 808 levels...
If you are short the plan could be to take half off at 850 and let the rest run to 808.
Happy Expiration Friday
For the Web's best interactive charts, please visit http://www.Prophet.Net
$SPX
Which way will it break? Above 5 day MA or below 20 day MA?
Yesterday could have been nothing but a retracement in the next Bear turn. If your long, better tighten stops. If your short, better tighten stops. In other words, nows a great time to Sit on Hands till Mother market decides which way the GPS is telling her to turn......
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, May 14, 2009
UNG
Nat gas rolling over....Short with a stop @ $16.89
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, May 13, 2009
A quick look at ETF’s on one page can instantly give you a place to look for trades and things to come. It’s pretty easy to see what sectors are topping, rolling over, and those that continue to trend higher. Look at the difference of the XLU and XLV versus the rest of the pack……Look for moves to healthcare and utilities.
ETF |
UTH
10 times normal volume and NO price move?
Target $95
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, May 12, 2009
$SPX 904
Bottom-line:
Get short if 904 fails
Get long at 909 if 904 holds and bounces off...
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, May 11, 2009
Zion Option - ZNQ-GW
I'd say it was a HUGE miss....
From $0.35 - $4.60 in one week.....
I hate to play the ifa-coulda-woulda-shoulda game but think-about it: $350 could now be $4600 in one week....
A Put play could be in order as the volume is waining...
For the Web's best interactive charts, please visit http://www.Prophet.Net
ZION
Looking to get $17.50 Calls IF ZION pulls back to $15.38.
NOT a buyer here as the move was missed and not a short candidate until above $ 22.10
For the Web's best interactive charts, please visit http://www.Prophet.Net
MSFT
Still a DOG that must hold $19.29
Pretty ugly weekly chart showing Microsoft could be rolling over to test the previous bottom of $14.87 and perhaps on a path to $10 if the overall market tests the lows of March.
The monthly pivots also show the possibility of testing the 50-week EMA at $21.58.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Sunday, May 10, 2009
XLE
The market was driven up by the banks and Energy as technology actually sold off. But take a look at the volume on this weekly chart of the XLE. Pretty thin for such a big move....
For the Web's best interactive charts, please visit http://www.Prophet.Net
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