26th Apr 2020 - Journal

Ticker: DJIA

• Facing resistance at 50MA line.
• It has already dropped below and floating to the right side of the trend line.
• It might get ugly if it gets stressed down below the orange color horizontal line.
• MACD is indicating more downtrend then uptrend.

Chart

Ticker: ZM

• Looks like FB is not too happy ZM zooooooms up too fast too much.
• Is FB's Messenger Room going to crash Zoom? Maybe it will crash Cisco Webex before it crashes Zoom. Haha…
• https://www.youtube.com/watch?v=97NiTS6N7eI
• Anyway, it is time to set a good stop loss for my current holding. Selling was double the volume.
• Technically, the chart looks pretty good. Without looking at the reason why it dropped on Friday, the chart looks like a very nice traceback for buyer who is late to get back in the game.

Chart

Ticker: TSLA

• This electric car looks pretty healthy so far.
• It is forming some kind of flag to decide on the next direction for coming week.
• Earning on 29th Apr, which might shock many, including me. How much gain am I willing to let go?

Chart

Ticker: BYND

• Time and effort is very important to profit from the market. Here is one good example. I was really running out of time to monitor my list and I have to "Work From Home" and "Work At Home" alternatively every day.
• Bought this stock and make some profit before. If I have managed to squeeze out some time to monitor him, I should have got back in.
• Earning on 5th May, pretty risky bet if I get in now.
• Fantastic chart, buying volume was so high.
• Strongly believe it will poke through the ceiling trend line by next week.

Chart

Ticker: USO

• Petroleum is getting very interesting.
• Is it a good time to get in? How much lower can it get?
• It has basically completed the 3 big dropping stages which always provide a high potential of bullish call for me. Maybe a small sum of testing could work out.

Chart

Ticker: MRNA

• This is yet another stock that I have to kick on myself.
• Again, time and effort is needed to make a profit. No easy money.
• Plenty of opportunities were totally missed.
• Earning on 7th May. It could be volatile. Keep an eye on it.

Chart

3rd Mar 2020 - Who said oil always float above water level?

Reason to Watch

• It is now all-time low. It has even dropped below its long term support line and the line now becomes resistance line.

Lesson Learnt:

• It is terribly weak. It looks like there is more to drop rather than more chance to go back up.

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.

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.