31st March 2011–I hope I am either BORN rich or get rich in BORN.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
10.20				9.73

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Both daily and weekly charts shows multiple bottom with strong support line.
2. It has been stable down for more than a week at $10.00.
3. Suddenly now it seems to gather enough energy to pop.

 

Lesson Learnt:

 

1. I have went long at least once on this counter at end of Jan and exit with minimum losses at mid of Feb. Stop loss had safe me on that occasion.
2. I have kept this counter in my watch list and looks like this time my patient has provide me with a better and safer entry point. It looks more promising this time.

 

Intraday Chart

Historical Chart

30th March 2011–Pattern Study–C, BAC and FAS

Ticker:

 

1. C, BAC and FAS

 

Topic:

 

1. Let us make a prediction what will happened to C, BAC and FAS in the next 2 to 3 weeks.
2. Let us "look at it a whole body".
3. C should stop at around $4.25 to $4.30.
4. BAC should stop at around $12.50.
5. Why I say that and how do I come to such a prediction? Well, basically I expect FAS to reach at $27.00 and by that time I expect C and BAC to follow their down trend and reach the prediction support line.

 

Lesson Learnt:

 

1. This is just my prediction or expectation. So don't take it seriously.       ;-)   But if it does happen, you should know where is the safe entry point, don't you?
2. I guess I can put in the GS counter too, but just a bit lazy to do that.

 

Intraday Chart

-NA-

Historical Chart

27th March 2011–My Analysis

BULL or BEAR ??

 

Short term (1 week)	Long term (1 month)
-- All sectors look healthy. -- China index is also healthy. -- Not much data in coming week. -- VXX crashing down again like before. -- All 3 indexes are have rebound very well and taken out few MA lines along the way. -- UUP is still in its downtrend. -- Even UNG is showing recovery.	-- Libya and Japan nuclear problem have not resolved yet. -- Portugal debt issue resurfaced. -- Be careful of VXX behavior when it came down to point 22.00 again. -- Higher petrol is just a matter of time, might be bad for the economy.

 

Next Week Economic Data:

 

 

Input:

 

1. Looks like we are going to have a pretty quiet week next week.
2. I will expect the bull to continue charging the market.

 

VXX chart:

 

 

 

Input:

 

1. The BEAR is again crunched by the BULL.
2. 3 weeks Bear work is gone in just one week.
3. However, pay close attention when it touches down at point 28 again.

 

SPY chart:

 

 

 

 

Input:

 

1. SPY chart is at the cross-road. Its direction next week is critical.
2. It has basically bounced from 100MA line and take out both 20MA and 50MA lines which is a very bullish sign.
3. MACD and TMF indicator at daily charts is showing positive sign.
4. Bull has the upper hand now.

 

DJIA chart:

 

 

 

Input:

 

1. Same as SPY, DJIA shows strength this week. 12,000 point is taken out, 20MA and 50MA line at daily charts and the downtrend line are take out too. Excellent bull job.
2. Strong support at daily 100MA line.
3. MACD and TMF indicators looks positive and encouraging.
4. Weekly chart shows strong support at 20MA line.

 

NASDAQ chart:

 

 

Input:

 

1. Daily chart shows good rebound in progress. It had taken out 100MA and 20MA lines. It still has the 50MA line resistance to be taken out.
2. It is resting at the downtrend line.
3. MACD and TMF indicators showing good sign.
4. Strong support at the Nov high point line.

 

UUP chart:

 

 

 

Input:

 

1. Daily UUP chart shows that 20MA line is now acting as resistance.
2. Weekly UUP chart shows that it is retesting the 22.00 resistance line.

 

Sector Analysis:

 

 

Input:

 

1. All sectors look healthy.

 

GLD, SLV, Petrol and Natural Gas charts:

 

 

 

 

 

 

Input:

 

1. There is only one work for the yellow metal (GLD) ---- STRONG !!!
2. If the word STRONG is for GLD ---- STRONGER is for SLV.
3. USO is retesting its upper uptrend line. With the Libya condition, I think it is just a matter of time.
4. The toxic gas may not be toxic anymore. Its weekly chart has taken out the 20MA line and now is challenging the upper downtrend line with good volume. TMF is crossing through the o point from bottom.
5. Daily chart of UNG has taken out 20MA, 50MA and 100MA lines. Now it has reached the point where it previously dropped from.

 

FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:

 

 

Input:

 

1. China index is still healthy. It is back up above the 20MA line again.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Baltic Dry Index looks improving.

23rd March 2011–Can the DBLE DOUBLE ?!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
8.36				8.08

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Intraday chart is beautifully curved and looks settle down very well.
2. Daily chart shows that there seems to be a strong invisible support line at around $8.20.
3. Daily chart MACD started to curve upward. However, weekly chart shows weakness. Pay close attention to it.

 

Lesson Learnt:

 

1. I was setting a limit buy at $8.20, but I lost my patient and buy it at $8.36. After I bought it, later is actually went lower then $8.10. My entry timing is still not "perfect"

 

Intraday Chart

Historical Chart

23rd March 2011–Pattern Study–DJIA

Ticker:

 

1. DJIA

 

Topic:

 

1. Interesting junction

 

Lesson Learnt:

 

1. It is hovering at the junction of 20MA and 50MA line.
2. It is also now at the tip of the triangle formation.
3. This week's move will be very critical to determine whether the bear market continue or not.
4. Weekly chart looks healthy.

 

Intraday Chart

Historical Chart

22nd March 2011–When your DEER turns into DEVIL

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
				Set at 10.96 Managed to sell at 11.01	;-(	2 months 1 week

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Stop loss triggered.

 

Lesson Learnt:

 

1. Stop loss safe me from the big crash just one week ahead of the crash.
2. Holding on to a stock that was basically not moving is a very dangerous thing.
3. I was lucky that a spike that came down to my stop loss got me out of it (with the help of my stop loss).
4. This trade has again proved the importance of stop loss.

 

Intraday Chart

Historical Chart