20th July 2011–Astalavista… I am back.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
33.70				31.84

 

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

 

1. Intraday chart shows a gap up to the down trend line and its 20MA line. A bullish indicator.
2. Market was very bullish from the start.
3. Daily chart shows that it is now resting at its 20MA line.
4. Long term chart shows that it has just completed the 50% retracement for its Fibonacci. Consider as a safer entry point.

 

Lesson Learnt:

 

1. This is another self-learn lesson on buying at daily 20MA line.
2. It is really hard to sit on my both hands when this stock keep going up previously.
3. I don't dare to buy in when it punched through its daily 20MA line yesterday, but then this could be a good practice.

 

Intraday Chart

Historical Chart

20th July 2011–Let’s rob Citibank again!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
38.00				35.43

 

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

 

1. It has punched through the downtrend trend line and come back up rebound after making a short term double bottom and now it is sitting on the trend line again.
2. It has announced its quarter report, should not see much volatility.

 

Lesson Learnt:

 

1. Again, I am not patient enough to wait for my entry. Market was very bullish in the start and keep going strong.
2. I should have know better that at price $38.00, there is the 20MA line that is blocking. A temporary wait will normally get me a better price entry.

 

Intraday Chart

Historical Chart

18th July 2011–My Analysis

BULL or BEAR ??

 

Short term (1 week)	Long term (6 months)
-- All indexes pointing to a higher chances of bull move. -- Not much data on tap, but careful on the jobless claim.	-- The debt problem and the Moody comment. Well… -- Gold is all time high again. This shows you in very long term, market is going to be hit heavily.

 

Next Week Economic Data:

 

 

Input:

 

1. I am really running out of time this week. This time it is going to be short and missed a lot of data.
2. Not much of data this week, but watch out for the jobless claim.

 

VXX chart:

 

 

 

Input:

 

1. Long term weekly chart of VXX is still below 20MA line.
2. Daily chart shows that it is sitting on the 50MA line. Watch out for a possible rebound.

 

SPY chart:

 

 

Input:

 

1. All SPY, DJIA and NASDAQ long term chart indicate the same setting. All of them are sitting on the long term 20MA lines.
2. Weekly wise, all of them are having minimum weekly correction.
3. All their daily charts show that all of them having support from their 20MA, 50MA and 100MA lines. This is very encouraging for the bull.

 

DJIA chart:

 

 

 

 

Input:

 

1. Similar to SPY.

 

NASDAQ chart:

 

 

 

 

Input:

 

1. Similar to SPY.

 

UUP chart:

 

 

 

Input:

 

1. Long term UUP dropped below its 20MA line again.

 

Sector Analysis:

 

NONE

 

Input:

 

1. None.

 

GLD, SLV, Petrol and Natural Gas charts:

 

NONE

 

Input:

 

1. None.

 

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

 

NONE

 

Input:

 

1. None.

 

Baltic Dry Index chart:

 

NONE

 

Input:

 

1. None.

15th July 2011–Spent some $$ in MOToR City.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	7.32				Losses	9 Days

 

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

 

1. Stop loss triggered

 

Lesson Learnt:

 

1. I don't like what it is doing. Market was up at the beginning of the market, but this stock  keep going south.
2. I should have moved my stop loss to the break even point previously since the market is bearish. Quite a mistake.
3. From the intraday and daily chart you can see that it is really weak. However, long term weekly chart says that the rebound point can be pretty near. So keep an eye on this thing. Watch for its turning point again.

 

Intraday Chart

Historical Chart

13th July 2011–Pattern Study–Take good care GS

Ticker:

 

1. GS

 

Topic:

 

1. On the edge of breaking down.
2. Another possible Big wedge break down pattern.

 

Lesson Learnt:

 

1. A SHORT position here can be lucrative.

 

Intraday Chart

-NA-

Historical Chart

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.