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
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