17th July 2012 – The sun is again rising in Canada.

Ticker:

 

1. CSIQ

 

Topic:

 

1. Breaking 4 months long resistance price line.

 

Lesson Learnt:

 

1. Daily chart shows that price finally make it through the resistance line of $3.80. Price also continue to stay above all MA lines.
2. Volume is coming in.
3. Weekly chart shows that price has managed to sit on top of weekly 20MA line and now get on top of weekly 50MA line.
4. All secondary indicators at the weekly chart is indicating of more upward movement is yet to come.

 

Intraday Chart

Historical Chart

16th July 2012 – The gas is on fire!

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
19.50				17.10

 

Reason for Buy / Sell / Short / Cover:

 

1. UNG has formed a two bottom formation with the latest bottom higher than the first bottom.

2. Weekly price has overtake its weekly 20MA for the second time.

3. Price now challenging its $20.00 resistance line for the second time.

4. Weekly volume is impressive and all secondary indicators are pointing to more upward moves.

5. Daily chart shows that price has overtake all its MA lines except 200MA line.

 

Lesson Learnt:

 

1. This has been a very hard to trade "toxic" gas. Be very careful.

 

Intraday Chart

Historical Chart

16th July 2012 – My Analysis

BULL or BEAR ??

 

Short term (1 week)

Notes

-- It is quite surprising that German has to give way to the rest of the European country to agree with their bond purchase. -- All 3 index charts have healthy long term charts, but all three of them are facing with their weekly 20MA line resistance. -- GLD and SLV is again coming down to their support line at their 20MA line or trendline. -- USO and JJC are still weak, but UUP and UNG react on uptrend. -- FXI is still showing more downtrend than uptrend. -- Shipment is still slowly in its uptick. -- All sectors are approaching their resistance lines. -- More scary economic data for the entire week. -- It is interesting that VXX keeps making new low. How low can it go some more?

 

SPY (30 years monthly) chart:

 

 

Input:

 

1. Long term SPY chart looks healthy.

 

Next Week Economic Data (1 week):

 

 

Input:

 

1. Economic data coming out almost everyday. Looks like it is going to be a volatile week.

 

VXX chart:

 

 

Input:

 

1. VXX keeps making new low. Are we going towards a real big bull market?

 

SPY chart:

 

 

Input:

 

1. SPY has again came back up to its weekly 20MA line.

2. It may not be able to break this resistance line at this moment.

3. Friday's one night rally was big and interesting.

 

DJIA chart:

 

 

 

Input:

 

1. Similar to SPY, long term DJIA is still healthy, but weekly chart shows that temporary it may not have the power to overtake the weekly 20MA line resistance despite Friday's big rally.

 

NASDAQ chart:

 

 

 

Input:

 

1. Similar to SPY and DJIA both long and short term.

 

UUP chart:

 

 

Input:

 

1. UUP uptrend still intact.

 

Sector Analysis:

 

 

Input:

 

1. Many sectors are approaching their resistance line.

 

Copper JJC  chart:

 

 

Input:

 

1. JJC may not have reverse its downtrend. Secondary indicators are still weak.

 

GLD and SLV charts:

 

 

 

Input:

 

1. GLD is sitting on its monthly 20MA line. All secondary indicators are showing more downtrend.
2. Similarly, SLV is showing bearish trend. All secondary indicators indicating more downtrend is in the pipeline. Price now siting on the trendline.

 

 Petrol and Natural Gas charts:

 

 

 

Input:

 

1. USO is still relatively weak.
2. UNG is still acting strong. Weekly chart shows that price is trying to break the resistance line of $20.00. All secondary indicators pointing for more upside movement. Volume is very encouraging.
3. UNG could have bottomed at $15.00.

 

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

 

 

Input:

 

1. FXI is still weak. All secondary indicators are indicating more down trend is in the pipeline.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Uptrend is still intact.

16th July 2012 - Bad news == Good news !

Ticker:

 

1. JPM, C

 

Topic:

 

1. Bad news good for its stock.

 

Lesson Learnt:

 

1. Sometimes bad news is much better than good news.

 

Intraday Chart

Historical Chart

13th July 2012

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
25.24				24.50

 

Reason for Buy / Sell / Short / Cover:

 

1. C has came back to its multi-bottom line at its weekly chart. This is again another safe entry.

 

Lesson Learnt:

 

1. After my previous sell of C, the price actually came back to slightly above selling price. (Looks like) Patient has rewarded me again.
2. Pay close attention to the overall index. Market is still volatile and going downhill as my expectation.

 

Intraday Chart

Historical Chart

27th June 2012 – It is time for 2 ‘shorts’, AN-V me?

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
		27.50 Avg = 27.22		30.96

 

Reason for Buy / Sell / Short / Cover:

 

1. From the weekly chart, it shows that price came up all the way and get into the upper part of downtrend resistance line and then get sold off again.

2. Intraday chart also shows weakness and price is now bar by the 20MA line.

 

Lesson Learnt:

 

1. This short is not going to be easy.
2. When the price came up to @30.00, I was actually thinking of adding to my short at that time, but did not obey the rule and short it there. What a waste. Again, this show my weakness in making trade.

 

Intraday Chart

Historical Chart

27th June 2012 – Flex-C-bility ?!

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
	27.12				Even	1 month

 

Reason for Buy / Sell / Short / Cover:

 

1. Price gapped down and gapped down below its daily 20MA line. All my profit was gone.

 

Lesson Learnt:

 

1. Europe issues kept popping up and disrupt the market moves.

2. I have not been working hard enough in the stock market recently. It is good to let go this one at even first. Will come back and haunt it again later.

 

Intraday Chart

Historical Chart

25th June 2012 – My Analysis

BULL or BEAR ??

 

Short term (1 week)

Notes

-- It is interesting that market actually went crazy when I was not doing my homework for a month. -- China FXI is still very weak and might be getting weaker. -- All indexes clearly indicate strong resistance at their weekly 20MA lines and daily 100MA lines. -- VXX is now at a triple bottom situation. Volume is also getting higher. -- USO, GLD and SLV have came down to retest their trend line. Ben's announcement is also not encouraging to the Gold bugs. -- The only weird one is the natural gas UNG. It has poke up through its weekly 20MA line again. This could well be a buy signal. -- Thursday's jobless claim report can be very important to the market has mentioned by Ben the he will be watching job report very closely. -- UUP has retest its upper part of trendline and retraced temporary, -- Shipment index is again pointing downward. -- Most sectors are showing mid term downtrend is still intact. -- Expect the indexes to rebound back to maybe their daily chart 50MA line before another big drop.

 

SPY (30 years monthly) chart:

 

 

Input:

 

1. Monthly chart shows that its 20MA line has been threaten once. Price rebound back above the 20MA line but not much.

 

Next Week Economic Data (1 week):

 

 

Input:

 

1. Thursday data will be crucial.

 

VXX chart:

 

 

Input:

 

1. Weekly VXX chart is again all time low and came out with a triple bottom. This is dangerous.

 

SPY chart:

 

 

 

Input:

 

1. Looking at the weekly and daily chart of SPY, one should not be surprised with the big drop on Thursday. Were you?      ;-)

2. A big resistance of 20MA line in the weekly chart and 100MA line in the daily chart has warned us very well.

 

DJIA chart:

 

 

 

Input:

 

1. Similar to SPY. Just that DJIA is slightly stronger and gave you an illusion that its daily chart's 100MA line has been taken over.

2. However, weekly chart has warned you that there is a big resistance line from the May'11 high.

 

NASDAQ chart:

 

 

 

Input:

 

1. Similar to SPY and DJIA, but NASDAQ is much weaker among thee three.

 

UUP chart:

 

 

Input:

 

1. UUP might have started to establish a reverse of its downtrend.

2. Price has successful go above the monthly 20MA line. Will see how it comes back to the 20MA line.

 

Sector Analysis:

 

 

Input:

 

1. Most sectors are still staying within the mid term downtrend with strong resistance from their 50MA lines.

 

Copper JJC  chart:

 

 

Input:

 

1. Copper's downtrend continues. Price has again came down to test its trend line.

2. Monthly MACD is still pointing more downward potential is building up.

 

GLD and SLV charts:

 

 

 

Input:

 

1. GLD has again broke down its monthly 20MA line. Monthly GLD chart shows that all secondary indicators are all going downward and weak.
2. SLV is even weaker. Came out with a multiple bottom. All secondary indicators are pointing more downward potential.

 

Petrol and Natural Gas charts:

 

 

 

Input:

 

1. USO is very weak too. A three year multiple bottom chart is now in front of us. Price is also below its monthly 20MA line.
2. UNG is the only one that is indicating something else. Good volume has started to come in and price has broken through the weekly 20MA line twice. A W bottom shape seems to be in the making.
3. UNG can be a very good long candidate.

 

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

 

 

Input:

 

1. China is only showing more weakness. All secondary indicators continue their downward moves.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Shipment has again dropped below trend line and its 20MA line.