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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.

Monday, April 26, 2010

NFLX





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GLD





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Friday, April 23, 2010

MO - Leap Calls


Jan 2012 Calls:

$22.50 Strike $1.03

$25.00 Strike $0.47


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BAC


Jan 2012 Calls:

$25 - $1.69
Open interest - 38,673 contracts

$30 - $0.88
Open interest - 50,901 contracts


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AAPL


Jan 2012 Put $220 strike - $24.05 Ask

Jan 2012 Put $240 strike - $32.00 Ask


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Tuesday, April 20, 2010

SIRI - Target





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BAC


Bullish above 19.92

Otherwise short back to 15.50


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GS


Shorting GS above 165
Stop 168


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Monday, April 19, 2010

Friday, April 16, 2010

Thursday, April 15, 2010

AMZN - Double Top





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$SPX





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$INDU





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SIRI forming cup @ $1.18


Look for the handle to be formed down to $1.10 or as far as $1.04


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Monday, April 12, 2010

$SPX





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Friday, April 9, 2010

GRAN - update


Ca-ching


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GS





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$SPX





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GLD





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Thursday, April 8, 2010

GRAN


Dipping toe in speculation with a $0.74 stop


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SIRI


Moving up on RECORD volume

AZO





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Tuesday, April 6, 2010

NFLX





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Monday, April 5, 2010

MO





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GLD





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$SPX - 10yr Quarterly


The Quarterly chart shows the importance of the 1175-1180 level is. Isn't it interesting how this level lines up with the 50% line from the 07' highs and lows of 03'?

Bottom line is a push above 1190 will be the launching point to a move to 1200 then 1225 then 1250. And a failure will be the begining of a rollover of at least 100 points to 950-1000.


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Wednesday, March 31, 2010

BAC





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Monday, March 29, 2010

Friday, March 26, 2010

$SPX - zoomed quarterly moved Fib retracement


On this long term quarterly I decided to zoom in and move the Fib retracement to the lows of 2003. Pretty interesting indeed.  Notice how the 50 quarter SMA acted as support for at least nine months before the move higher in 2003.  Now that blue line will be resistance.

I think I'll be adding more Leap Puts in thirds on blind moves above 1175, 1200 and 1225.

$SPX - long term quarterly


1186



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$INDU


11,155 and no higher


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Thursday, March 25, 2010

Adjusted Crude Monthly





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EUR/USD


Most are watching the Euro and US Dollar for a play on the commodoties. Basically a failure of 1.33 to hold as support will mean a further unwinding of long trades. This will ripple through Gold and Oil and their related stocks for some high volatility. Bottom line is still hinging on Greece and bailout talks.


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Wednesday, March 24, 2010

GLD





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Friday, March 19, 2010

GLD


Flag?
Retest to $102.75?

I'd say if it can't hold 107.45 then 102.75 it is and a bounce from there.


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SIRI


A break of $0.82 means another buying opportunity at 0$.75.


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Thursday, March 18, 2010

SPY


Tail wagging the dog?


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$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.


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$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

$SPX





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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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