Thursday, December 30, 2010

30th Dec 2010 – Pattern Study on STEM

Ticker:

 

  1. STEM

 

Topic:

 

  1. This example shows that all patterns are valid either they are stock that > USD100.00 or < USD1.00

 

Lesson Learnt:

 

  1. There are many "obvious" and "safe" entry points if one pays very close attention.
  2. Check out the "KILLER spot". This one can get a trader kill pretty easily. This is quite common in this kind of BIO stock.
  3. The chart is forming a very interesting triangle NOW. Question now is --- Will it form the 1Million $ entry point for you to get in? And will you dare to get in? And if you get in, where should you set your stop loss point?

 

Intraday Chart

-NA-

 

Historical Chart

clip_image001

 

30th Dec 2010 – Keep staring at the chart…

Keep staring at the chart, you might see what I don’t see…                 Devil

temp

30th Dec 2010 – Pattern Study on SEED

Ticker:

 

  1. SEED

 

Topic:

 

  1. Don't know what to call this, but it is something common that you can read from text book.      ;-)

 

Lesson Learnt:

 

  1. If you miss to buy at the point it shot up, be PATIENCE. Opportunity will come again.
  2. One should watch closely at the upper and lower line of the range bound area to ensure that the stock is healthy.
  3. Multiple rebounds at the support line and also at the 200MA line have proven that the stock is healthy to get in.
  4. One can also get in only when it poke through the upper line of the range bound area.
  5. Uptrend MACD and RSI should give you more confidence on the entry.

 

Intraday Chart

-NA-

 

Historical Chart

clip_image001

Tuesday, December 14, 2010

14th Dec 2010 – Pattern Study on A

Ticker:

 

  1. A

 

Topic:

 

  1. A reverse Head-n-Shoulder pattern?!

 

Lesson Learnt:

 

  1. There are many BULLISH Harami shown through out the entire cycle. If I have scan through carefully, all are opportunities.
  2. After one month of struggling, it finally broke thru the reverse head-n-shoulder neck line.
  3. Expect it to take a breather back to the neck line and then bounce much higher from there.
  4. Looks like it is a long term hold for this stock.

 

Intraday Chart

-NA-

 

Historical Chart

clip_image001

Monday, December 13, 2010

13th Dec 2010 – My Analysis

BULL or BEAR ??

 

Short term (1 week)

Long term (6 months)

clip_image001

-- There is no sign of BEAR at all.

-- There will be a lot volatility in coming week with Helicopter Ben announcing interest rate. However, there is nothing much Ben can do. So the market can just keep on their BULL move easily.

clip_image001

-- Long term SPY chart has shown that 20MA line has crossed up 50MA line which is a long term buy signal.

-- NASDAQ index is not showing any sign of stopping.

 

Next Week Economic Data:

 

clip_image002

 

Input:

 

  1. A lot of data coming out the entire week.
  2. Interest rate announcement on Tuesday. FED cannot do anything other than stay the same rate figure. Maybe that is why market has no fear and Friday index still go up.
  3. Is Helicopter Bernanke going to announced QE3?    *that will be interesting*

 

VXX chart:

 

clip_image003

 

clip_image004

 

Input:

 

  1. RSI in daily chart might be indicating something. However, candlesticks look like it is still going down.
  2. MACD at the long term chart might indicating something also. Again, there is no confirmation yet.

 

SPY chart:

 

clip_image005

 

clip_image006

 

Input:

 

  1. Long term SPY chart shows that SPY has bounced up from 200MA line and now has reached another high.
  2. 20MA has crossed up 50MA line and this is actually a long term BUY signal.
  3. Watch and see how it can break up the resistance line. Watch carefully how MACD and RSI line work out.

 

DJIA chart:

 

clip_image007

 

Input:

 

  1. DJIA is the only one index with very clear resistance line. However, don't under estimate the bull.

 

NASDAQ chart:

 

clip_image008

 

Input:

 

  1. Nothing is stopping NASDAQ.

 

UUP chart:

 

clip_image009

 

Input:

 

  1. UUP up trend is confirmed.
  2. Carefully watch the relationship between UUP and DJIA. They are supposed to be inverse relationship, but not very clear.

 

Sector Analysis:

 

  1. I am running out of time.

 

Input:

 

  1. NA

 

GLD, SLV and UUP charts:

 

  1. I am running out of time!

 

Input:

 

  1. NA

13th Dec 2010 – Another excuse!

Spent the whole day “washing” my washing machine.

*sigh*… where is my time for stock analysis?

Saturday, December 11, 2010

11th Dec 2010 - Excuse and Laziness?!

It has been almost a month I did not update anything and not doing my homework as trader. That is really bad.        smile_devil

My pc was sent for reformat and then my sister’s whole family is now up here staying with me. Looks like I will not be able to do much update and analysis from now till then end of this year.

Again, this is also part of excuse and laziness.           Tongue out