Tail wagging the dog?
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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, March 18, 2010
$SPX
Fans say 1200? Quadrupple withcing is Friday and there is heavy volume at the 1150 & 1175 strikes. One of these will be pegged tomorrow.
For the Web's best interactive charts, please visit http://www.Prophet.Net
$SPX
Fans say 1200? Quadrupple withcing is Friday and there is heavy volume at the 1150 & 1175 strikes. One of these will be pegged tomorrow.
For the Web's best interactive charts, please visit http://www.Prophet.Net
$SPX
Fans say 1200? Quadrupple withcing is Friday and there is heavy volume at the 1150 & 1175 strikes. One of these will be pegged tomorrow.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Wednesday, March 17, 2010
Tuesday, March 16, 2010
AZO
Lookout!
BreakOUT
or
BreakDOWN
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($INDU/$SPX)
The cool thing about Think or Swim charting with Prophet Charts is you can easily do comparison or ratio charts to see how one entity may relate to another. Just screwing around I threw up a long term monthly chart of the Dow 30 and the S&P 500. I find it interesting that Fibonacci retracements are significant levels even on a ratio.
And by drawing the green trendline you can see that a major move will commence in the next 3 months as the trianlgle formed will be broken in one direction or the other.
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SPY
Waiting on the FED and Big Oil to lie about production again.
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Friday, March 12, 2010
CAT
Buying CAT on break of $60 and using that as stop.
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POT
Agriculture space is seeing sector rotational buying. Best in breed here is definitely Potash whcih just raised forecasts.
POT should open today above the 61.8% Fib retracement and this would be a good trade to the long side using 120.60 as a contingent stop.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Thursday, March 11, 2010
MO - Reversal Bar
Getting short Altria with some in the money PUTS:
June $21 Put @ $1.35
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Wednesday, March 10, 2010
GRAN
Tension mounting on Bank of Granite triangle. Long with contingent 1/2 stops at 1.35 and then completely out at 1.29.
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Tuesday, March 9, 2010
CSCO - Prior to BIG news
Here is a 5yr weekly chart of CSCO prior to the release of news that will "change the internet forever" according to them. Wonder if the market will sell the news?
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UUP
With the Euro/USD falling one would believe the USD is heading higher. Not according to the UUP chart.
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EUR/USD
The Euro fails to breakout above 1.37465 and may be heading to 1.32.
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GS
Breakout for Goldman to the fib retracement and shorting back to trendline
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GMCR
Single serving coffe must be selling well for Greem Mountain Coffe. Breakout.
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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.
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Thursday, March 4, 2010
GS
Big up move or last hope? NOT bullish yet. Wait for break of the triangle.
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Wednesday, March 3, 2010
NFLX
Check out the bounce off of fibonacci frsistance on Netflix...
ca-ching
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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.
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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
Thursday, February 25, 2010
GLD
Gold up today on rumour China will buy remaining IMF gold reserves. Up but downtrend not broken.
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SIRI
Sirius - XM beat the street reporting earnings this morning and incresed their forecast projections for the remainder of the year. In pre-market trading the stock is virtually unchanged at $1.10.
Look for a "shakeout" move on selling the news. This may be the opportunity to add to your long position.
Remember a break of $1 and all long bets are off.
As I'm posting this the market opened and you are seeing the daily range as of 9:35 am.
For the Web's best interactive charts, please visit http://www.Prophet.Net
(GLD/MO)
Here's an update on the GLD/MO trading pairs chart on a 5yr weekly. I find it interesting that a long term flag is forming and the pair is near a bottom inflection point of 5.21.
This chart is definitely showing the effect of the US dollar on GLD and the dividend yielding equity Altria. The recent rise in the greenback is shown as gold and GLD have pulled back and MO has risen and also shows there is a little more room in this direction. Perhaps the $83.00 target on the dollar will become a reality.
I plan on poring back my GLD short and begin looking for entry points to switch to long and possibly get short on MO as the dollar rise tops out.
For the Web's best interactive charts, please visit http://www.Prophet.Net
F
Ford breaking out of bull flag.
Long above 11.65
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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
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