13th July 2011–Pattern Study–Is AMD processor slower?

Ticker:

 

1. AMD

 

Topic:

 

1. AMD definitely looks like a good SHORT candidate. Don't you think so?

 

Lesson Learnt:

 

1. It punched down through the Big wedge formation. Pretty Bearish !!
2. All MA lines are its resistance lines now. Now it just punched through it long term 200MA line -- a DEATH penalty?!

 

Intraday Chart

Historical Chart

9th July 2011–My Analysis

BULL or BEAR ??

 

Short term (1 week)

Long term (1 month)

-- All indexes have come to a long term multiple top formation. However, if all indexes broke up from their resistance lines, then we are going to have a very strong BULL. -- All indexes went up for the past weeks too fast and the volume is not that encouraging. -- Daily SPY chart seems to form an isolation island formation (BEARISH). -- UUP is at a critical stage with a very upside volume on May. Possibility of UUP going higher is quite high and that will be a bad news for the stock market. -- VXX is at it lowest low again. Intraday chart shows that it is at a critical junction. -- USO is back to its downtrend again after a fake breakout. -- FXI is still below its uptrend line.

-- Except that all indexes break up from all their multiple top formation, else we could be reaching a long term top which can be dangerous. -- Baltic shows a bit of uptick, but not significant enough. Most shipping stocks are still been beaten down to earth.

 

Next Week Economic Data:

 

 

Input:

 

1. Heavy data week next week. CPI, PPI and Jobless claim all will be out.
2. Ben speaks?? What can he do??

 

VXX chart:

 

 

 

Input:

 

1. VXX continue to make lower low. This is an insane market.
2. However, intraday VXX chart shows that it is at a critical junction.

 

SPY chart:

 

 

 

 

Input:

 

1. Look at the long term weekly chart, you will find that it is again following text book.
2. A very possible of isolation formation (BEARISH) in SPY daily chart.

 

DJIA chart:

 

 

Input:

 

1. It is a very fantastic long term DJIA chart. Everything just follow text book.
2. Expecting at least a healthy correction at this point.

 

NASDAQ chart:

 

 

Input:

 

1. It look like a triple top formation. The up is too quick too fast.
2. Expecting a healthy correction from here.

 

UUP chart:

 

 

Input:

 

1. UUP is at a critical stage. A turn to the upside is quite likely because of its upside volume on month of may.
2. This can be a bad news for stock market.

 

Sector Analysis:

 

 

Input:

 

1. Many sectors reached their multiple top, so correction is not a surprise.

 

GLD, SLV, Petrol and Natural Gas charts:

 

 

 

 

 

 

Input:

 

1. Looks like GLD is still in its uptrend. GLL is broken down from its uptrend line again.
2. Silver is now in a tight range play and approaching the 20MA line which now acts as resistance line. Low volume may not be able to sustain its up move. A chance to short silver could be very near now.
3. Looks like the down trend of USO is still intact. That sounds like a bad news for the economy growth.
4. With the USO in the downtrend, UNG won't be in much of a good shape.
5. UNG is doing a multiple bottom formation for its long term chart, but it looks weak rather than an opportunity. All its MA lines are acting as resistance line.

 

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

 

 

Input:

 

1. FXI is sitting on its 100MA and 200MA lines which it previously punch through downward.
2. The long term FXI chart shows that the downtrend is still intact.
3. MACD shows that it has not been able to go up from its 0 line for one and a half year already.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Don’t rush into shipping stock yet. Many of them are almost dead.

7th July 2011–Golden Experience

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	23.51				Even	20 days

 

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

 

1. Stop loss triggered

 

Lesson Learnt:

 

1. It is hard to short commodity like Gold. They are HOT commodity. Same goes to SLV.
2. It might be a good time to come back to GLL looking at the chart now. Let's see how the GLD ETF is doing.
3. There are a lot of gapping in GLD and GLL charts. Consistent adjustment of the stop loss is very essential and important.

 

Intraday Chart

Historical Chart

6th July 2011–Pay a visit to your nearest MOToRcity

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
7.96				7.30

 

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

 

1. Intraday chart shows that it is starting to trend upwards.
2. Friday night shows that it has broken out from the intraday downtrend.
3. Daily chart shows that a healthy uptrend is forming. All the secondary indicators like MACD, TMF and RSI are on the uptrend.
4. Price lie just below its daily 20MA line.
5. It has just completed the double bottom formation on the weekly chart.
6. Weekly chart also shows that it just broken out from the long term down trend line.

 

Lesson Learnt:

 

1. Volatility and price fluctuation is still expected on stock like this. Watch out carefully.

 

Intraday Chart

Historical Chart

6th July 2011–My ARMHurts

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
			29.21		losses	3 days

 

Reason for Buy / Sell / Sell Short / Cover:

 

1. Stop loss triggered

 

Lesson Learnt:

 

1. Don’t short stock while market rally. But if you do, make sure stop loss point is there.
2. When it is wrong, admit it.

 

Intraday Chart

Historical Chart

1st July 2011–Take a SHORT on the ARM

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		28.40		29.21

 

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

 

1. Intraday shows sign of double top and resistance from the 20MA line.
2. Daily chart shows that it has got too many resistance -- Trend line, 50MA and 100MA lines.
3. Weekly chart shows that it faced resistance of 20MA line.

 

Lesson Learnt:

 

1. Indexed are rallying big time. Be careful. But I see tht indexes has come to their nearest resistance line too.
2. Shorting stock when market rally is not an easy task.

 

Intraday Chart

Historical Chart