Ford breaking out of bull flag.
Long above 11.65
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.
Thursday, February 25, 2010
F
Ford breaking out of bull flag.
Long above 11.65
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, February 24, 2010
HD
Home depot reported earnings and beat the street expectations. But the more interesting news is they RAISED their dividend again. So here is an all time monthly chart showing the beginning of a breakout. I'm buying here below $30 for long term hold.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, February 23, 2010
SIRI
Bull Flag - Long above $1.07
Longer term term holders may want to put a stop at $0.99 to protect profits.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, February 19, 2010
UDN
Bear flag on dollar down about to break
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EUR/USD
Room to fall meaning rise in USD $$$$$$
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$SPX
Optiions expiry.....Lookout
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Wednesday, February 17, 2010
Monday, February 15, 2010
Thursday, February 11, 2010
$SPX
Up to 1090 tomorrow and the week is merely an inside week butting up against FALLING moving averages...
Bearish until 1105 is taken out to the upside and then still have resistance at 1121.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Scaling out of long and looking to enter short in stages:
107.35
108.10
108.35
The thinking is that the affliction to the 200 hour moving average is too much of a coincidence to the gap fill of 108.43. This sets up an excellent short trade with a stop above 108.50.
For the Web's best interactive charts, please visit http://www.Prophet.Net
GNK
Long for the long term hold with leaps
Stop - 17.94
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Wednesday, February 10, 2010
$SPX - long term Fib Fan
Monthly chart with a Fibonacci fan line shows the downtrend and the importance of the current level. Take into consideration the monthly average and it's pretty easy to explain the markets oscilations of late and the increased volatility.
I see a short trade setup with a stop of 1105 or the monthly high.
A long setup using a small position size with the stop being just below the 200 SMA 1034. This is a bounce play and profits should be taken quickly.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, February 9, 2010
EUR/USD
All the talk on the Euro is the only thing proping the dollar up. It is not that America is stronger, but everyone else is getting weaker especially Europe. Somehow I find it comical that the US dollar will be viewed as a "safe" vehicle and I do not expect this sentiment to last. Look for precious metals to bounce and use your due dilligence on finding entry points on GLD and SLV on ascending trendlines.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Saturday, February 6, 2010
GLD
Shorting GLD above 105 with stop just over bottom green trendline or 106.35
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Friday, February 5, 2010
EUR/USD
EURO losing 38.2% Fib means the dollar to $83
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Thursday, February 4, 2010
$SPX
Wait for it, wait for it, wait for it, and the PANIC begins....
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BAC
Perhaps a bounce play on BAC off the 200 day SMA @ $14.75. A very tight stop just below the $14.60 and switching the trade to short as the descending triangle would have broken to the downside.
For the Web's best interactive charts, please visit http://www.Prophet.Net
CSCO
CSCO reported and blew out earnings after the close yesterday. The modus operandi for reporting tech companies has been to sell the news even if it is good. The latest after hours quote has CSCO opening up to $23.86 or still below the 20 & 50 day moving averages as well as below the 50% Fib retracement of the 3 year high and March low.
It appears to me to be another "Crazy Ivan" setup back to upard resistance around $24. Looking to get short above $24 as the excuberance wains in the morning with a stop set at the recent highs of $25.10
For the Web's best interactive charts, please visit http://www.prophet.net/
Wednesday, February 3, 2010
SIRI
Hope you took profits at $0.95
For the Web's best interactive charts, please visit http://www.Prophet.Net
GLD
Breakdown or breakout?
Notice how the gap down from 110.50 has yet to fill.
For the Web's best interactive charts, please visit http://www.Prophet.Net
MO
Head & Shoulders top on MO 1hr chart. A break of 19.68 could mean a downward stairstep move to $18.60. However, if 19.68 holds this H&S pattern is nothing but a beautiful bull flag on a longer term time frame.
Short with stop of 19.85
Long with stop of 19.63
One will be right with a full point move.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Tuesday, February 2, 2010
MO
Last chance to sell around $20 for awhile.
Short with stop of 20.20
For the Web's best interactive charts, please visit http://www.Prophet.Net
CRAZY IVAN
S&P doing it's best impression of the Tom Clancy novel "Hunt For Red October"
Selling into strength as moving averages come down and getting short with stop above 1120
For the Web's best interactive charts, please visit http://www.Prophet.Net
CAT
Shadow trader free trial has a short trade on CAT setting up. I thought I'd take a look and zoom in a bit. It definitely looks like a bearish descending triangle setup between the two fibonacci lines:
52.94 - 53.67 (entry)
48.44 (target)
46.80 (second tier target)
above gap fill 54.65 (stop)
Monday, February 1, 2010
Sunday, January 31, 2010
(GLD/MO) Update
Two words:
Consolodation
Stagnation
For the Web's best interactive charts, please visit http://www.Prophet.Net
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