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