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.
Friday, December 4, 2009
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.
For the Web's best interactive charts, please visit http://www.Prophet.Net
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
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RIMM
Stopped out earlier in the week and looking for a bounce to get long at $57.50 with a VERY tight stop.
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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.
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Thursday, October 29, 2009
NFLX - Bull flag agian?
Waiting to see the low $50 levels to get long.
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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
UDN - Another look the opposite way
Dollar down secondary break
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Saturday, October 24, 2009
MO
Weekly chart showing a bearish engulfing reversal pattern. A lot of support at the 17.45 mark but a break there could mean next stop 16.50.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GS
May be stalling at 195 resistance to form shoulder to 162
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BAC
Banks looking weak and breaking trendlines.
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AMZN breakout tradable
So much for shorting AMZN above 95. It goes to show that you can't trust beating previously weak earnings. The 110.62 mark designates the gap up and the new line in the sand. It's safe to be long above this point long term with a target of 160. However, a failure of this mark would definitely mean a gap fill below the 100% fib line and most likely to 85. Can you say speculative out of the money play using leaps?
Jan 2011 $160 Calls = $7.70
Jan 2011 $85 Puts = $7.45
For the Web's best interactive charts, please visit http://www.prophet.net/
Wednesday, October 21, 2009
MO - Monthly
Shows why 18.35 level is so key.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, October 19, 2009
Friday, October 16, 2009
Thursday, October 15, 2009
AMZN
It's getting close to AMZN short time.
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Dow 10k
Selling longs into strengh with a goal of being completley into cash by year end.
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Monday, October 12, 2009
SPY
NO VOLUME. Tomorrow should be interesting.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Sunday, October 11, 2009
MO - Interesting Option activity
Check out all the Open interest on the Call side of Altria. I found it very interesting on the bottom row in particular.
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This leap may be the best deal and here's why-
The government has been keeping rates low and therefore the Dollar continues to fall. Why would an investor use falling dollars to get more at this point? But that will all begin to change in the first quarter of 2010. So why wouldn't an investor be MORE inclined to invest in higher yielding dividend stocks as rates are rising in the next year? $0.35 for 467 days at $22.50 last years high - That equates to a little over $1000 to control 300 shares.
The government has been keeping rates low and therefore the Dollar continues to fall. Why would an investor use falling dollars to get more at this point? But that will all begin to change in the first quarter of 2010. So why wouldn't an investor be MORE inclined to invest in higher yielding dividend stocks as rates are rising in the next year? $0.35 for 467 days at $22.50 last years high - That equates to a little over $1000 to control 300 shares.
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