Dollar down secondary break
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.
Monday, October 26, 2009
UDN - Another look the opposite way
Dollar down secondary break
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Saturday, October 24, 2009
MO
Weekly chart showing a bearish engulfing reversal pattern. A lot of support at the 17.45 mark but a break there could mean next stop 16.50.
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GS
May be stalling at 195 resistance to form shoulder to 162
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BAC
Banks looking weak and breaking trendlines.
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AMZN breakout tradable
So much for shorting AMZN above 95. It goes to show that you can't trust beating previously weak earnings. The 110.62 mark designates the gap up and the new line in the sand. It's safe to be long above this point long term with a target of 160. However, a failure of this mark would definitely mean a gap fill below the 100% fib line and most likely to 85. Can you say speculative out of the money play using leaps?
Jan 2011 $160 Calls = $7.70
Jan 2011 $85 Puts = $7.45
For the Web's best interactive charts, please visit http://www.prophet.net/
Wednesday, October 21, 2009
MO - Monthly
Shows why 18.35 level is so key.
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Monday, October 19, 2009
Friday, October 16, 2009
Thursday, October 15, 2009
AMZN
It's getting close to AMZN short time.
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Dow 10k
Selling longs into strengh with a goal of being completley into cash by year end.
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Monday, October 12, 2009
SPY
NO VOLUME. Tomorrow should be interesting.
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Sunday, October 11, 2009
MO - Interesting Option activity
Check out all the Open interest on the Call side of Altria. I found it very interesting on the bottom row in particular.
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This leap may be the best deal and here's why-
The government has been keeping rates low and therefore the Dollar continues to fall. Why would an investor use falling dollars to get more at this point? But that will all begin to change in the first quarter of 2010. So why wouldn't an investor be MORE inclined to invest in higher yielding dividend stocks as rates are rising in the next year? $0.35 for 467 days at $22.50 last years high - That equates to a little over $1000 to control 300 shares.
The government has been keeping rates low and therefore the Dollar continues to fall. Why would an investor use falling dollars to get more at this point? But that will all begin to change in the first quarter of 2010. So why wouldn't an investor be MORE inclined to invest in higher yielding dividend stocks as rates are rising in the next year? $0.35 for 467 days at $22.50 last years high - That equates to a little over $1000 to control 300 shares.
Saturday, October 10, 2009
GS
If Goldman Sachs is leading the market the next few ETF charts explain a VERY bullish case. Even more the reason to be cautious.
For the Web's best interactive charts, please visit http://www.Prophet.Net
Friday, October 9, 2009
RIMM
If you were scared to get RIMM long on the 200 day EMA bounce you have 2 more chances to get in:
Buying more on breaks above:
69.20
71.42
Setting tight stop $0.06 below yesterday's low = $67.54
For the Web's best interactive charts, please visit http://www.Prophet.Net
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