29th-April-2011–Pattern Study - RIMM

Ticker:

 

1. RIMM

 

Topic:

 

1. Is it the earning follows the chart or the chart follows the earning?
2. You just have to believe what you see in the chart and follows it.

 

Lesson Learnt:

 

1. If you invested in this stock, you should have got out when the chart tell you so and that was one month ago when it gapped down and broken down through the tend line (I did not draw it, please draw it yourself).
2. In fact the chart did tell us to short it yesterday night, but then of course we will be worry since it is going to report the earning after market close. However, if we did short it, the profit is ours in just minutes.

 

Intraday Chart

-NA-

Historical Chart

28th- April- 2011–Pattern Study– AMaZiNg

Ticker:

 

1. AMZN

 

Topic:

 

1. Amazing Amazon
2. Just keep drawing the trend lines and you can go in and out of it with tremendous ease and it almost come with a guarantee.

 

Lesson Learnt:

 

1. Trade with big strong stock.
2. Draw the trend lines and make your trade once you see it.
3. Just guide you trade with a good stop loss and you are good to make a lot of $$$.
4. The job now is to find out who is the next Amazing Amazon.

 

Intraday Chart

-NA-

Historical Chart

28th-April-2011–Perfect BEAR Trap in precious metals

Ticker:

 

1. GLD and SLV

 

Topic:

 

1. Perfect BEAR Trap for previous metal.

 

Lesson Learnt:

 

1. Gold and Silver looks like TOP, but just when you thought so, it went higher. The Gold bugs are not going to give it up so easily.
2. Watch intraday activity closely. They bounced back good after touching the 50MA line two times. That clearly tell you that it is a BEAR Trap.

 

Intraday Chart

Historical Chart

27th-April-2011–Chinese food can be too oily.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	16.94				Losses	6 days

 

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

 

1. Raise my stop loss to get out of this oily Chinese food stock.
2. It broke the intraday support line and I don’t see any strength after that.

 

Lesson Learnt:

 

1. Chinese food can be quiet oily, not good for health. Let's wait for them to come up with low cholesterol menu first.
2. Daily chart shows that it punched through the 20MA line downward.
3. My stop loss should have been set to $17.40. I should have know better. Lesson learnt!
4. Watch for the stock to touch down at $16.00. We might be able to pick up some healthy food then.

 

Intraday Chart

Historical Chart

26th-April-2011–Want to go for Bungee Jump?

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

 

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

 

1. Silver's maniac rally can be a great opportunity for the BEAR guys.

 

Lesson Learnt:

 

1. A humongous volume yesterday on daily chart of ZSL.
2. Intraday chart of SLV starts to show weakness. Weakness is kind of clear in daily chart too.
3. This might be the start of a down turn for SLV.
4. This will be a very risky trade if it is taken. So be very careful.
5. Tonight might be the night for entry into ZSL.

 

Intraday Chart

Historical Chart

26th-April-2011–Buy PAY to get paid.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
54.00				51.10

 

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

 

1. Poke through the flag formation and going upward

 

Lesson Learnt:

 

1. Again, I am not patient enough to wait for a good entry price in intraday chart. I could have get it at $53.50 easily.
2. Daily chart obey trend line very well.
3. This stock has went up quite a bit, hence stop loss is not very far away.

 

Intraday Chart

Historical Chart

25th-April-2011 -

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
						3 years

 

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

1. A big lesson learnt

Lesson Learnt:

1. This is one stock that I hold on for 3 years that has witnessed the collapsed of US financial system due to the subprime issue.
2. Even though it does not go through the entire emotional cycle of stock waveform, but it is almost there.
3. There are many things to learn in this 3 years lesson:
1. Stock that is fundamentally sound MAY get back to your previous purchased price (remember, no guarantee).
2. The period for the stock to go back up can easily take twice the time for it to reach bottom.
3. You will waste both the time and opportunity if you hold on to stock this way. It comes together with mental torture too.
4. A proper stop loss would have save life, time and sleepless nights.
5. Stupidity is the only word to describe such a trade.
6. This is the price to pay for not obeying the traders rules. 

Intraday Chart

-NA-

Historical Chart

25th-April-2011–My Analysis

BULL or BEAR ??

Short term (1 week)

Long term (1 month)

-- VXX broke downward from the support line. -- UUP is all time low again. Falling out from its down trend path some more. -- SPY is now testing the trend line again. The process of bouncing to this trend line shows that the index is quite strong. -- Daily NASDAQ shows strong break through on the trend line. -- DJIA chart shows that there still is some upside for it to go before coming to the trend line.

-- SPY is hitting the trend line now. If it cannot break through, it can mean the start of a downturn. -- VXX is creating new low; however, watch out for island pattern formation. -- Many data due this week wit FOMC meeting. -- Warning from S&P on US debt issue.

 

Next Week Economic Data:

 

 

Input:

 

1. Quite a heavy data week. Better watch out!

 

VXX chart:

 

 

 

Input:

 

1. Hitting all time low again; however, be careful of island pattern formation on the daily chart.

 

SPY chart:

 

 

 

 

Input:

 

1. Daily chart shows strong support line at 100MA line. The 20MA and 50MA line is starting to do a bullish cross.
2. Daily chart also shows resistance at the trend line. This may give the bull some challenge.
3. Weekly chart shows strong support line at the 20MA line. However, MACD, TMF and RSI are showing a bit of weakness.

 

DJIA chart:

 

 

 

Input:

 

1. Daily DJIA chart shows that there could still be some upside for it to go.

 

NASDAQ chart:

 

 

 

Input:

 

1. Daily NASDAQ chart shows that the trend line is broken upward. Quite a bullish indicator.

 

UUP chart:

 

 

 

Input:

 

1. QE2 is going to end. What will happen to this UUP chart?
2. Daily UUP chart shows that the price has dropped out from the down trend lines. This can create a sudden bounce back.

 

Sector Analysis:

 

 

Input:

 

1. Most sectors are still at the up trend, except the financial sector.

 

GLD, SLV, Petrol and Natural Gas charts:

 

 

 

 

 

Input:

 

1. UNG is a buy now.
2. USO still on up trend. It is still above its up trend line.  With this my DBLE position should be quite ok.
3. GLD and SLV continuously to be incredible.

 

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

 

 

Input:

 

1. China market still look healthy.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Don't see improvement at all. Don’t touch shipment stocks.