31st Jan 2012 – Pattern Study – Is ENER been ENERgized?!

Ticker:

 

1. ENER

 

Topic:

 

1. Is ENER gaining  back his ENERgy?!

 

Lesson Learnt:

 

1. Intraday shows that it is getting back to up trend.
2. Daily chart shows that it has now successfully overtake the 20MA line and now resting at its 50MA line.
3. Volume was tremendously great. Even more impressive looking at the monthly chart.
4. This can be a very speculative trade. So trade with your own risk. A good entry price is very important.

 

Intraday Chart

Historical Chart

31st Jan 2012 – Pattern Study – The EXAM may not be that tough anymore !

Ticker:

 

1. EXAM

 

Topic:

 

1. The EXAM may not be that tough anymore !

 

Lesson Learnt:

 

1. Daily chart shows that it has moved from down trend to up trend.
2. Price now stays well above 20MA line.
3. Secondary indicators all shouting BUY!
4. Monthly chart shows all the points very clearly.
5. Intraday chart shows continue up trend movement.

 

Intraday Chart

Historical Chart

31st Jan 2012 – Pattern Study - A new star is BORN !

Ticker:

 

1. BORN

 

Topic:

 

1. A new star is BORN!

 

Lesson Learnt:

 

1. Intraday indicated strong buying power continues.
2. Daily chart shows that it had made the multiple bottom for about 4 months. Good sign. Price started to bounced from the down trend line starting 1st Jan 2012 and continue to stay above the 20MA line.
3. Good entry at $4.00
4. All secondary indicators shouting for BUY!
5. Long term monthly chart shows all the points very clearly.

 

Intraday Chart

Historical Chart

30th Jan 2012 – My Analysis

BULL or BEAR ??

Finally!!! Back from Chinese New Year. It is time to get back to work.

Market was treating us pretty well for the entire New Year week.       ;-)

 

Short term (1 week)

Notes

-- Expect short term retracement due to resistance at SPY, DJIA and NASDAQ charts. -- China FXI index is still weak and facing multiple resistance from its MA lines. -- Most sectors ETF are facing resistance from trend lines. -- Shipment Baltic index was a total failure. Watch out carefully, it might be a warning. -- VXX is indicating that even retracement is expected, overall market is still positive and has high potential for more upward move. -- GLD and SLV rebound looks good. -- Bottom might be in for UNG. Watch carefully.

 

SPY (30 years monthly) chart:

 

 

Input:

 

1. Long term SPY chart is still facing resistance from the trend line. Retracement is expected but overall it is still healthy and could possibly overtake the resistance line and march forward.
2. Value still stay way above the 20MA line.

 

Next Week Economic Data (1 week):

 

 

Input:

 

1. Some important data at end of week. Expect some volatility at end of week.

 

VXX chart:

 

 

Input:

 

1. VXX looks set for more downtrend movement. All secondary indicators also pointing towards that direction.

 

SPY chart:

 

 

Input:

 

1. Weekly chart SPY shows that it is still healthy and still staying way above all MA lines as well as the tend line.
2. All secondary indicators are still pointing towards more up trend.

 

DJIA chart:

 

 

Input:

 

1. DJIA monthly charts shows that it is also facing resistance from the trend line, but still healthy and stay way above the 20MA line.
2. Value actually overshot the trend line but making retracement.

 

NASDAQ chart:

 

 

Input:

 

1. Similar to SPY and DJIA. Facing resistance from the previous top line. Value is trying to overtake the resistance.
2. Still staying above the 20MA line.

 

UUP chart:

 

 

Input:

 

1. UUP monthly chart shows that the up trend of UUP is facing resistance and making a retracement back below its 20MA line.

 

Sector Analysis:

 

 

Input:

 

1. Most sectors have reached the resistance level. Expecting them to make retracement in short term.

 

Copper JJC  chart:

 

 

Input:

 

1. Copper facing resistance from 50MA and 100MA lines, but volume and secondary indicators show that it has potential to overtake the resistance lines.

 

GLD and SLV charts:

 

 

 

Input:

 

1. GLD is strong. Overshot the resistance 20MA line and trend line.
2. SLV follow thru the GLD steps.

 

 Petrol and Natural Gas charts:

 

 

 

Input:

 

1. USO is expected to stay within $36.00 and $40.00 range bound.
2. It is not time to bet on UNG yet; however, bottom looks like set in. Volume was great and secondary indicators indicating positive move.

 

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

 

 

Input:

 

1. FXI I still facing multiple resistance from 50MA, 100MA and 200MA lines. Not as encouraging as SPY, DJIA and NASDAQ.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Shipment index was a total disgrace. What is it trying to warn us?

20th Jan 2012 – Pattern Study – DJIA needs a rest.

Ticker:

 

1. DJIA

 

Topic:

 

1. Dow may need a rest

 

Lesson Learnt:

 

1. Daily chart of DJIA looks healthy and strong.
2. Monthly long term chart looks like it probably need a short rest. A normal retracement is expected.

 

Intraday Chart

-NA-

Historical Chart

19th Jan 2012 – Travelling South Again!

Well, the Chinese New Year is here and it is time for me and my family to travel South again to our dear hometown.

I don’t think I will make any trade before I come back from hometown.

Wish everyone A Very Happy Chinese Dragon Year.

Looks like it is going to be a very prosperous year ahead.     ;-)

19th Jan 2012 – Pattern Study – Surprise?

Ticker:

 

1. BAC

 

Topic:

 

1. Is it really a surprise?!

 

Lesson Learnt:

 

1. Is this earning announcement really come as a surprise? I don’t think so.
2. Look at the daily chart, you can tell that a triple bottom has formed at around $5.00 - $5.50.
3. I am glad I am in there and looks like this will be a longer term trade.    ;-)

 

Intraday Chart

Historical Chart

18th Jan 2012 – Pattern Study - YOKU

Ticker:

 

1. YOKU

 

Topic:

 

1. My "darling" stock is back on track again.

 

Lesson Learnt:

 

1. Daily chart shows that the price is now back above all MA lines.

2. It is now testing the resistance line again.
3. It has a double bottom on the month of Nov 2011. Bottom seems to be in already.

4. Expect buyer to rush in once resistance line is taken down.

 

Intraday Chart

-NA-

Historical Chart

18th Jan 2012 – Pattern Study – The A stock is back!

Ticker:

 

1. A

 

Topic:

 

1. Challenging a big resistance. Well, it is an A stock!

 

Lesson Learnt:

 

1. Long term chart shows that it is testing its resistance line again.

2. Value is above all MA lines now.

3. Intraday chart also shows very strong and bullish pattern.
4. Secondary indicators are encouraging.
5. Once this resistance is taking out, expecting more buyers rushing in the door.

 

Intraday Chart

Historical Chart

16th Jan 2012 – Pattern Study - DJIA

Ticker:

 

1. DJIA

 

Topic:

 

1. How is DJIA?!

 

Lesson Learnt:

 

1. I am starting to switch to FreeStockChart.com but I think I will still setup Quote Tracker back to my pc some time this week.
2. Monthly chart shows that DJIA has peak. Now facing resistance from the down trend line. Will it be powerful enough to overtake the resistance? Let's see.
3. Secondary indicators are intraday and historical charts are also showing weakness.
4. Intraday chart shows that value has started to dropped below the 20MA and 50MA lines.
5. Be ready for retracement!

 

Intraday Chart

Historical Chart

16th Jan 2012 – S0 many things !!!

So many things happened for the past 2 weeks. Given me “excuses” not to do my stock homework.     ;-)

1. My parents in-law came up and stay for a week.

2. My pc was down and reformatted without backup on my Quote Tracker. Now my pc is back and I am reinstalling my OneNote and Live Writer so that I can continue with my work.

In just a week time, it will be Chinese New Year. Let me take this opportunity to wish everyone, A PROSPEROUS CHINESE NEW YEAR !

Note: This is also a post that I am using to test my Live Writer to make sure thing works out well in my pc.      ;-)

11th Jan 2012–DJIA need a short rest !

Ticker:

 

1. DJIA

 

Topic:

 

1. Expect a short term retracement

 

Lesson Learnt:

 

1. Weekly chart of DJIA has topped at the trend line.
2. 20 years monthly chart also shows that it is almost reaching at the trend line. It might take another few days to reach there.
3. Expect a short term retracement.

 

Intraday Chart

-NA-

Historical Chart

7th Jan 2012–Save Quote Tracker !

Information from the Ameritrade saying that they will terminate Quote Tracker (http://www.quotetracker.com/) charting tool in one to two years time. Development has stopped indefinitely and support may stop end of the year.

So far I have been using Quote Tracker happily and it has ALL the feature that I need and easy to use.

Once I realized the news that they are terminating Quote Tracker, I have been putting a lot of sleepless night effort in looking for a replacement tool. However, I have not found one that is close enough to it, not even the ThinkOrSwim and Trade Architect from Ameritrade.

Here is the URL to a forum that is trying to rescue Quote Tracker from been terminated. Please help to support it !

http://www.elitetrader.com/vb/showthread.php?threadid=233757

7th Jan 2012–My Analysis

BULL or BEAR ??

 

Short term (1 week)

Notes

-- Long term chart for all 3 indexes are still healthy and has room to go up further, but approaching the trend line resistance. -- NASDAQ has reach a short term top. Expect short term of retracement coming week. -- Shipping index is taking a surprise tour to South Pole. Most shipping stocks are still crashing down. -- FXI and Copper is not showing strength. They are supposed to be a leading indicator. This is not too good of a sign. -- VXX is showing weakness. Bull is still in control so far. -- GLD and SLV are now in the third stage of downtrend. Very interesting charts. Bottom might soon be in place. -- Not much data coming out this week, but all fall on Thursday. -- Petrol still climbing. A good sign for economy?! -- All sector charts show that there is still room for going up. Generally bullish.

 

SPY (30 years monthly) chart:

 

 

Input:

 

1. Noting is in the way for SPY to go higher.
2. Still staying above its 20MA line.
3. Still a distance away from its downtrend resistance line.

 

Next Week Economic Data (1 week):

 

 

Input:

 

1. Not much data coming in the next week period except on Thursday. Should not have that much of volatility.

 

VXX chart:

 

 

 

Input:

 

1. VXX is still showing weakness. Weekly chart shows that value has just fallen out of 50MA line and daily chart shows that value has dropped off the 200MA support line. Bull is pretty much in  control.

 

SPY chart:

 

 

Input:

 

1. Daily chart shows that it is still healthy and stay above 200MA line.

 

DJIA chart:

 

 

 

Input:

 

1. Long term chart shows that nothing is blocking the way for DJIA to go higher.
2. Weekly chart shows that it is still healthy but facing short term resistance  from its  2010 Feb high point.

 

NASDAQ chart:

 

 

 

Input:

 

1. Long term chart shows that it is still healthy and staying above the 20MA support line.
2. Weekly chart shows that it is facing resistance from the down trend line and also its own 50MA line. Short term retracement is highly expected.

 

UUP chart:

 

 

Input:

 

1. US Dollar is still in uptrend mode.
2. Take note that the relationship between index and UUP is now direct proportional rather than reverse which mean is UUP goes up, index will go up too.
3. This also say something about the retreat of GLD and SLV. USD is now a safe heaven compare to Gold.

 

Sector Analysis:

 

 

Input:

 

1. All sectors show that there is still room for improvement. Market is overall still bullish.

 

Copper JJC  chart:

 

 

Input:

 

1. Copper and FXI are still in doubt. They are not really giving the same indicator like the three indexes.
2. Copper is still weak but healthy and remain sitting on its 200MA line.

 

GLD and SLV charts:

 

 

 

Input:

 

1. Interesting charts for both GLD and SLV. Both of them are in their third stage of downtrend.
2. It is a waste that I missed this downtrend. Not doing enough homework myself.

 

 Petrol and Natural Gas charts:

 

 

 

Input:

 

1. Petrol keep climbing higher. Indicating better economy ahead?!
2. UNG is taking a tour to the South Pole. Not sure whether it has reach the destination yet.

 

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

 

 

Input:

 

1. Interesting! FXI is showing weakness despite the fact that USA index is heading North.
2. It is now sitting on its 20MA line support.

 

Baltic Dry Index chart:

 

 

Input:

 

1. A quick and surprise detour of the shipment index. They are heading south. This is definitely not good.
2. All shipping stocks are still crashing down.