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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.
Wednesday, August 25, 2010
TLT
Treasuries flying toward top.
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Tuesday, August 24, 2010
BHI - monthly
Bear Flag or Bull flag? Each a year long, but the BEAR is BIGGER.
Two ways to trade:
Get short with a stop above $49
or
Get long with a stop below $37.75
If you choose the long side it may pay to take any profit quickly.
$SPX- H&S measured move target
Taking the height of the H&S pattern from November till now one can obtain a target of 870.
Monday, August 23, 2010
Tuesday, August 17, 2010
$SPX - trading range
Trading range for 4-6 weeks
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GD - Ken Fischer
General Dynamics - is a government play on a defense contractor. A 2.6% Dividend yield beats putting your money in low yielding bonds. There is still time to pick your spots here as governmental policy won't shift until the next Presidential election.
Looks to me like the Fib fans give some nice points to set alerts:
Short above $70
1/3 Long below $60
1/3 Long below $ 47
1/3 Long below $40
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FMS - Ken Fischer
Fresenius Medical Care - runs 2500 dialysis and supplies equipment to other treatment facilities.
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Ken Fischer - SEOAY
Europe;s largest paper packaging and forest procducts company is sensitive to the home construction and news print business performance.
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CPL - Ken Fischer pick
Brazilian Energy corp with a 6% dividend yield
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Monday, August 16, 2010
MO
20 year monthly fibonacci fan suggests short term top.
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Friday, August 13, 2010
IWM
Blue - Inverted left shoulder
Pink - Inverted Head
Green - Inverted right shoulder or Smaller H&S pattern topping latest bull run from head? Which will prevail? Normaly it is the longer time frame or larger pattern that prevails; however if the larger pattern fails it will be a violent failure.
Bottom line:
Long above - $59
Short now with stop of 50 week SMA at $63
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Wednesday, August 11, 2010
Tuesday, August 10, 2010
PCLN
Seems like I recall a friend of mine reccomending Priceline back in 2006 at $30.
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Wednesday, August 4, 2010
Tuesday, August 3, 2010
MO
Buying more with tight stop
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VSI - daily with Fib Fans
Interesting how it has chugged along the 78.6% line for support. The $25 area may be a good place to set an alert to possibly cover shorts or get long.
Monday, August 2, 2010
Wednesday, July 21, 2010
Tuesday, July 20, 2010
MO - Countdown to lift off
Very Bullish on break above 21.53. EZ stop @ 21.05 if you want to get more now.
Monday, July 19, 2010
Friday, July 16, 2010
Thursday, July 15, 2010
The US Dollar
Weekly chart from 2007:
Daily 6 month:
Strong dollar governmentaly policy? I think not.
S&P daily pivots looking to bounce to bearish
Consolidation of the white and purple lines appears to be the bounce point for this latest 9 day bull run. If this is the case it definitely gives favor to the Bears as a Lower high will be put in at the 1100 level. If the Bulls fail and the downtrend stays intact the next point of interest will be the latest lows of 1010.
Breakout of 1100 or breakdown to 1000 and then 950? Either way market coiled to move 100 points in less than 9 days.
Tuesday, July 13, 2010
MO - daily
Note the lack of volume on the run-up from 20. This is what makes the 21.53 level so important. The volume will come on a break above pushing to 22.80 or a failure to break accelerating the move back to 19.48 with pit stops at the averages 20.35.
MO - weekly
Weekly cup with handle breakout above 21.53 would mena short term target of 22.80. Failure to break above 21.53 means filure of HUGE 2.5 year pattern and eventual failure of 19.63 to hold. See next post on daily chart.
Monday, July 12, 2010
QQQQ
I believe the washing machine will be the trade of choice over the next six weeks. A lot of overhead resistance with very little volume behind the latest bullish move.
For the Web's best interactive charts, please visit http://www.Prophet.Net
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