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.
Saturday, January 30, 2010
AMZN
Weekly engulfing pattern signalling AMZN may be heading higher. A decent setup with a stop below $120. However, below 120 you better be out and getting short for the ride to 100 and the gap fill.
For the Web's best interactive charts, please visit http://www.Prophet.Net
AAPL Daily
Another way to look at Apple would be getting long above 189.50 on a possible cup with handle formation.
Either short or long Apple is definitely going to be a volatile play in February.
For the Web's best interactive charts, please visit http://www.Prophet.Net
AAPL
Classic buy the rumour sell the news with Apple's latest release. There could be an interesting short trade here below 189 as sellers hit the exit button to lock in profit.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, January 29, 2010
$SPX
Thursday Battle over 1090 won by bears
Friday battle over 1080 breached to 1078 and setting up good for the bears. The play of the day is to get short below 1078 for the zip line ride to 1060.
Bottom line is the overall trend has definitely shifted to BEAR territory and therefore buying of dips is no longer an intelligent strategy.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, January 28, 2010
SIRI
Out at $0.80 for a $0.15 ride. I hope you caught the bus and got off at the target stop. Should come back down to $0.74. If it holds there another long shot will be in order. If not, it will be back to $0.69
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Double bottom on GLD
Long ith stop at 105.10
For the Web's best interactive charts, please visit http://www.Prophet.Net
GMCR
The single packet coffe manufacturer on verge of breakout to 98.50. Missed the boat here, but it may come back below 83 for a second chance and a 15pt pop. Set your alerts now.
For the Web's best interactive charts, please visit http://www.Prophet.Net
$VIX
Nice long trade on the VIX:
Stop: 22.40
Target: 27.95
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, January 27, 2010
SIRI
Move stop up to $0.70 - Target $0.79 and out with half - Let the rest ROLL
For the Web's best interactive charts, please visit http://www.Prophet.Net
$VIX
It's only Wednesday and it's ONLY FED speak. The REAL story will be told by Friday. Looking for VIX to bounce hard off of 22.77.
Monday, January 25, 2010
SIRI
Buying more with a buy stop @ $0.72
For the Web's best interactive charts, please visit http://www.Prophet.Net
Saturday, January 23, 2010
$TNX
10 yr note at pivotal range and not able to break 4%. Still falling....
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, January 22, 2010
SIRI - closer look 30 min
Look for the gap up to fill for a low of $0.67 and another buying opportunity with a stop below $0.65. This is an easy long setup with 10-15 cents of upside short-term.
For the Web's best interactive charts, please visit http://www.Prophet.Net
SIRI - update
Did you cash in on the Bull Flag? Here's your second chance @ $0.70
A break of $0.70 may be an opportunity @ $0.66
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, January 21, 2010
SPX
Trend break and support on 50 day sma @ 1114
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, January 20, 2010
$SPX
Uptrend in jeopardy, but still intact. I'm sitting on hands for now. However, if you are bullish and a little nuts a long SPY trade with a stop below 112 would catch the run up to 1250 on the S&P. Otherwise, waiting for trend break to get short.
For the Web's best interactive charts, please visit http://www.Prophet.Net
MO
Dollar rising and MO falling:
Unexpected and counter to high yielding dividend stock. Could be short term top at 20.64
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Dollar rising and GLD falling:
As expected
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, January 14, 2010
IBM
Big blue at all time highs may have 30 more to go.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, January 13, 2010
SIRI
Bull flag forming on SIRI
Long above $0.64
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, January 12, 2010
$SPX
Be careful:
- Up-Trend still intact
- Options Expiry this Friday
For the Web's best interactive charts, please visit http://www.Prophet.Net
GS
Close to losing uptrend to 200 daily MA
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, January 11, 2010
Friday, January 8, 2010
GLD/MO)
Currently there is a downward weekly trend which began in early 2009 in the GLD/MO ratio meaning MO is increasing in price and GLD is decreasing relative to eachother. The last two weeks have seen a reversal of this trend coincidentally at the midpoint of the range indicating some consolodation. Based on this chart I would expect GLD to rise and MO to fall in price over the next quarter until this ratio reaches the top of the range or 6. This would relate to a April GLD price of $120 and a MO price of $20 or GLD topping out at 110 and MO consolodating to 18.50.
Either way for the next quarter you could pair trade as long GLD and short MO on May contracts and reverse the trade as the ratio reaches 6 getting long MO and short GLD. This should be fun to track as the FED begins reigning in the monetary policy punch bowl and the Dollar sways investments in commodoties and dividned yielding stocks.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD MO & S&P 500
And here is a 5 year daily percentage view of GLD, MO, & the S&P 500 which shows how far GLD has run up compariatively.
For the Web's best interactive charts, please visit http://www.Prophet.Net
(GLD/MO)
Very interesting chart of the relationship of GLD and MO over the last 5 years. By dividing MO price into GLD price we see that there is a definitive correalation to the two equities which are both affected by the US dollar trade. It is however curious how the channels and the fibonacci's of a such a ratio could provide trade trigger points. In this relationship the higher GLD and the lower MO is the higher the graph point and conversely the lower GLD is and the higher MO is the lower the graph point.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Monday, January 4, 2010
Sunday, January 3, 2010
2009 StockPicker results... (that's 2 of 3 for me)
A good old fashioned BUTT whooping kinda like Florida against Cincinatti and Alabama against Texas:
Almost 20% (bahaha....)
$SPX
Break-down or break-out next week?
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Gold in mid-range, but looks vey weak above 109. A break of the 105.71 would be extremely bearish.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Gold in mid-range, but looks vey weak above 109. A break of the 105.71 would be extremely bearish.
For the Web's best interactive charts, please visit http://www.Prophet.Net
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
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