Comparisons to Stock Market Crash of October 1987 - Black Monday - Some Scary Coincidences
Earnings Will Dominate Technicals This Week
Great art work in Knokke, Belgium
Not very sunny these days in Belgium :)But it gives you the time to visit some great art galleries
Eur-Usd, Daily Chart - Sunday Evening Chart,
While there is all kind of news and stories including going on including one of the biggest European Bank bail-out ie. SG, Societe General plan in France I started to look daily chart of Eur-Usd first time for 4 months.
This chart does not include any premilinary marketdata for this weekend but I see it actually pretty neutral and normal rather than any dramatic.
This weeks results 7/11/2011-7/15/2011
Why don't you quit someone asked me this week. It made me stop and think for a while. I have come close to quitting a couple of times. I took time off at others. I started thinking about my dad. He never knew how to play golf and no one would teach him or I would guess he did not want to ask. He taught myself. He teach myself wrong too. He gripped the club wrong but after years and years of practice he became a fairly decent golfer. He was no pro but won many tournaments against many club pros. I took a long time to get there. I asked him why. He said he never knew when to quit.
Oil,
Day Trade or Swing Trade? Progression of a Play
One of the things I’m asked about quite often is how I decide my timeframe for a good setup. Will it be a day trade or a swing trade?
Shopping list
My shopping list is ready. Like I said, rule #1, think like a value investor !
QE3 is basically here
Waiting for more fear, panic ...etc ....
"Key stocks will have a chart posted on another post"
1) Ishares Msci Japan Index Fd (EWJ) ; Would focus on the $9.4 levels
2) International Business Machines (IBM) ; focus on $165
3) Microsoft Corp (MSFT) ; focus on $24
4) Ishares Silver Trust (SLV) ; Oversold ! Focus on $35.9
5) Exxon Mobil Corp (XOM) ; focus on the Nov 10 levels
6) Google (NASDAQ: GOOG) ; wait for the gap to close @ $545
Watch the bond market on monday
10 Year note, weekly chart ; 1) Clear resistance level2) That level did face "multiple fake moves"
Daily Market Commentary: Stays Near Tuesday's Highs
Bulls can be reasonably satisfied with Wednesday's action. Sellers made a not unexpected appearance, but were unable to push markets lower or scare buyers out of their positions. Selling volume was below Tuesday's buying.
The Nasdaq and Nasdaq 100 finished the day slightly worse off, only because gap open (triggered by Apple's incredible earnings) had sold off by the end of day.
SP500 Critical Support on Weekly Trendline and 200d SMA
I’m one for keeping market structure as simple as possible, and there are two major confluence support levels we need to be watching very closely that have been important market reversal points in the past, and we currently sit atop both of them.
What are they and what do they mean for the current state of the news-driven market?
Let’s start first with the intermediate term rising weekly trendline:
Daily Market Commentary: Another Bad Day for Semiconductors
Sellers continued to pile the pressure on with volume rising in confirmed distribution. Hardest hit on the day were the tech indices, the semiconductor index in particular.
The S&P lost 50-day MA (and declining trend) support but still offers buyers an opportunity at the 20-day MA. The 'sell' trigger for on-balance-volume made a reappearance as other technicals continued to weaken.
Daily Market Commentary: Volatile Spread
I thought it would be a busy first half of the week and Monday didn't disappoint. Washington politics was overshadowed by weak ISM data which played havoc with my XLI position.
The S&P turned net bearish as the index undercut but recovered the 200-day MA by the close of business. The index also said goodbye to declining former resistance as support. The index is looking more range bound with support at 1,260 and resistance at 1,343.
Charting the Multi-Timeframe Make or Break Support at Dow 12000
Well, here we are at the well-known Make or Break chart support at Dow 12,000.
This is what I mean when I say refer to critical chart reference levels to make objective sense of all the good and bad – often confusing – economic/political headlines affecting the market at the moment.
It’s really as simple as “The market is holding critical support so that’s objectively bullish, or it’s firmly breaking strongly under critical support which is objectively bearish.”
Apple Inc. (AAPL) chart analysis
Apple Inc. (AAPL) weekly chart analysis ;
Basically focus on those key levels
Green arrows = Key supports
Red arrows = Resistance
Blue arrow = Probable scenario
Gut feeling for Apple ; Wide sideway pattern.
Learn to trade channel patterns ; Low PE + High cash flow = Buy on extreme oversold.
Research In Motion Limited (RIMM)
Research In Motion Limited (RIMM) ; On June the 5th, I published this chart, you can see the post here ;
http://gicharts.blogspot.com/2011/06/research-in-motion-limited-rimm-case.html
I called it a "case study" on how a GVN condition works, and wrote ;
"This pattern is very reliable
Citigroup Inc. (C)
Citigroup Inc. (C) trading plan ;
1) Bought a small position
2) Focus on that stop loss
3) Target is clear
4) Key support seems to hold
Probably was oversold
Tourism and Agriculture
It helps to speak Spanish (used to reside in Mexico)
You actually learn a lot from local taxi drivers ;
1) How is the economy
2) What makes up the local economy
Back from Sevilla
Back from Sevilla, Spain
What a GREAT city, I urge you to visit it
(Right now May & June, be fore the summer heat)
Did not care much about the market these days, was busy eating great food .....
PS : Yes, great wine !!!!






