28th Jan 2011 – Pattern Study – ENERgy Conversion Device running out of energy

Ticker:

 

1. ENER

 

Topic:

 

1. A broke of symmetrical triangle to the down side.

 

Lesson Learnt:

 

1. Another chart pattern inside the Bulkowski text book.         ;-)

 

Intraday Chart

-NA-

Historical Chart

28th Jan 2011 – A stock looks weak!

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

 

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

 

1. -NA-

 

Lesson Learnt:

 

1. I think A stock is getting weaker. Intraday 50MA line continue to be its resistance line since it peak. 20MA line has crossed down the 50MA line.
2. Down trend RSI, MACD and TMF in daily chart further confirm what I observed.

 

Intraday Chart

Historical Chart

27th Jan 2011 – Pattern Study - LDK

Ticker:

 

1. LDK

 

Topic:

 

1. Another very profitable multiple bottom chart pattern.

 

Lesson Learnt:

 

1. Pay attention to this kind of setup and try to buy at that support line.
2. Be patient.
3. Watch out for support line failure to occur, know where is your exit line.
4. Long term weekly chart reveals that there is still a lot of room to grow for this stock.       ;-)

 

Intraday Chart

-NA-

Historical Chart

27th Jan 2011 – Pattern Study - BIOF

Ticker:

 

1. BIOF

 

Topic:

 

1. Another Multiple Bottom of the day!

 

Lesson Learnt:

 

1. Pay attention to this kind of pattern. Can be very profitable.
2. The intraday pattern clearly shows how to identify that the price is shooting up from the multiple bottom already. It has volume confirmation too immediately.
3. Have to pay very close attention to the intraday signature of breaking up to ensure that it is going to rebound hard and get a very good and safe entry.

 

Intraday Chart

Historical Chart

27th Jan 2011 – Pattern Study - AONE

Ticker:

 

1. AONE

 

Topic:

 

1. Triangle Symmetrical.

 

Lesson Learnt:

 

1. This pattern shows a failed symmetrical triangle pattern that may try to rebuilt.
2. Keep an eye on this. I believe it will punch through to the upside soon and could be pretty profitable.
3. Daily chart reveals that multiple MA lines are providing support to its price.

 

Intraday Chart

-NA-

Historical Chart

27th Jan 2011 – Pattern Study - RINO

Ticker:

 

1. RINO

 

Topic:

 

1. Multiple Bottom

 

Lesson Learnt:

 

1. Will this be a very rewarding pattern?
2. The 1Million $$ question is, do you dare to take the position and where your stop loss would be?

 

Intraday Chart

Historical Chart

27th Jan 2011 – Pattern Study - VIT

Ticker:

 

1. VIT

 

Topic:

 

1. Another Head-n-Shoulder in the forming??!!

 

Lesson Learnt:

 

1. Will shorting it now give more earning margin before it break down $34.00 line?

 

Intraday Chart

Historical Chart

26th Jan 2011 – My dream HOUSE!

http://www.marketwatch.com/story/americas-top-2011-showcase-home-in-pictures-2011-01-19?pagenumber=1

25th Jan 2011 – Pattern Study - CSCO

Ticker:

 

1. CSCO

 

Topic:

 

1. What a Choppy Networking company!!!

 

Lesson Learnt:

 

1. This counter has clearly shown the importance of using weekly chart when come to trading.
2. The daily chart is so choppy that it is almost impossible to time the entry and exit. However, the weekly chart clearly shows you where the long and short position could well be.
3. Anyway, it is still pretty hard to trade because if you did not get out from the long position on time, you are not just going to give away all your profit but instead turning in red.

 

Intraday Chart

-NA-

Historical Chart

25th Jan 2011 – Pattern Study - IBCP

Ticker:

 

1. IBCP

 

Topic:

 

1. A dangerous risky take.

 

Lesson Learnt:

 

1. This lesson tells me again that I need to wait for the price to come to MA support line. Don't be rush by  the adrenalin.
2. Should have follow the Fibonnaci rule.
3. Looks like there is much more to drop.
4. Really don't know how to set stop loss in this kind of stock.

 

Intraday Chart

Historical Chart

25th Jan 2011 – A new kid on the block is BORN

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
13.10				11.50

 

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

 

1. Fantastic Flag pattern.
2. Price and volume coming up very fast when I observed it. It gave you that kind of "Come and get me…" kind of feeling.

 

Lesson Learnt:

 

1. It is important to do homework and keep watch list in good manner.
2. I have been watching for this guys for a while. Should have gotten in much earlier. This shows that my watch list management still got a lot of room for improvement.
3. Fantastic long term weekly chart.
4. This is a "New Kid on the Block". Hope that it will rally a lot in coming days.

 

Intraday Chart

Historical Chart

25th Jan 2011 – Pattern Study - DEER

Ticker:

 

1. DEER

 

Topic:

 

1. Strong baseline support line play

 

Lesson Learnt:

 

1. My stop loss in this case is very crucial. If my stop loss is too near the $11.00 line, I could have gotten kicked out yesterday night and look at the stock rally up.
2. If I have been slightly more patient enough, I would have got a better buy deal yesterday night.
3. The good volume gave me confident that this stock will play out well for Long position.

 

Intraday Chart

Historical Chart

25th Jan 2011 – Pattern Study - DECK

Ticker:

 

1. DECK

 

Topic:

 

1. Another fantastic shorting opportunity for head - n - Shoulder.

 

Lesson Learnt:

 

1. Same as what I just posted for DORM ticker half an hour ago.
2. RSI and MACD all going down trend.
3. Just keep watching for this pattern, they are very profitable pattern to short.

 

Intraday Chart

Historical Chart

24th Jan 2011 – Pattern Study - DORM

Ticker:

 

1. DORM             * The DORM is DOOOOOOM !!! *

 

Topic:

 

1. Head-n-Shoulder ---- perfect shorting opportunity.

 

Lesson Learnt:

 

1. Keep watching once you think the left shoulder and the head is formed. Find out where the neck line is.
2. If the right shoulder is forming with the MA lines curving down, it actually provide more higher price shorting opportunity and better margin. Once the neck line is broken, add to your position.
3. If the indexes are weak, this will provide more confidence in shorting.

 

Intraday Chart

Historical Chart

24th Jan 2011 – My Analysis

BULL or BEAR ??

 

 

Chinese New Year is around the corner. Let me wish everyone (including myself), A Prosper and Happy Chinese New Year.

 

Short term (1 week)

Long term (6 months)

-- I don’t expect the bull to give up so quickly yet without a tough fight. Or the fight is already over??!!

-- China is showing the classic textbook kind of falling trend. Might be a important hint to the rest of the world -- NASDAQ is running out of steam, broke trend line and 20MA line. -- SPY is showing weakness in intraday chart. -- Many bank like BAC, GS and C shows less than estimated quarter result. -- Interest rate announcement and GDP is around the corner. -- A few of my long position have been kicked out. -- VXX chart is also showing turning sign.

 

Next Week Economic Data:

 

 

Input:

 

1. Is this why indexes go down last week.

 

VXX chart:

 

 

Input:

 

1. Watch out. Volume is getting much much higher now.
2. MACD is on up trend. RSI has just break the trend line also.
3. Market can be turning any time. Be careful.

 

SPY chart:

 

 

 

 

Input:

 

1. SPY is not that weak compare to NASDAQ, however, it can be running out of steam now looking at its intraday chart.

 

DJIA chart:

 

 

 

Input:

 

1. No sign of weakness for DJIA.

 

NASDAQ chart:

 

 

 

 

Input:

 

1. NASDAQ has started to show weakness. It has broken the trend line and also the 20MA line.
2. Could this be the hint that overall market is starting to fall?

 

UUP chart:

 

 

Input:

 

1. Downtrend of UUP should be confirmed by now.

 

Sector Analysis:

 

 

Input:

 

1. Minor correction is observed across the sector. However, correction in XLB and XLK are more than the rest of the sectors.

 

GLD, SLVand Natural Gas charts:

 

 

 

 

Input:

 

1. My expectation have all came true for GLD, SLV and UNG.
2. Both GLD and SLV are in confirmed down trend. However monitor closely the UUP changes.
3. UNG is in uptrend as expected.

 

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

 

 

Input:

 

1. Is China hinting at us now?!
2. Are they going to experience the text book kind of fall soon?!  *A 3 months down, 2 months up and then Crash!!! *

 

Baltic Dry Index chart:

 

 

Input:

 

1. No sign of recovery for shipment. Don't expect much from this group.