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Sector Charts – 030710

Online Stock Trading — Sun, 07 Mar 2010 22:38:02 +0000

The last few trading days are a great example why it pays to trade with the trend. You must respect resistance areas when the market is moving higher, but realize if a current trend is in play, odds are that it continues.

SPX should test recent highs.

Small caps have been on fire.

Gold index XAU is attempting a breakout over trendline resistance.

The oil index has plenty of upside after this breakout. Time to possibly rest a bit though.

Can Small Caps Continue To Lead?

Online Stock Trading — Wed, 03 Mar 2010 21:27:27 +0000

Small caps have been leading. This breakout is suspect. It comes after the bulls used two days of ammo from 630 to 650.

Spooz stalling near an area that acted as prior support.

5-min entry short. Double top.

Index and Retail Charts – End of February 2010

Online Stock Trading — Mon, 01 Mar 2010 02:23:16 +0000

We’ve got a battle going on between the bulls and bears here. Back to 1110 on the spooz to end the month of February; 1106 on the SPX. Basic monthly indecision.

Higher lows on the weekly chart.

A flatline 50dma on the SPX daily. It’s still a hit and run environment with no trend intact.

Retail marched right back in February to a new yearly high.

Looking for Short Entries – 022410

Online Stock Trading — Wed, 24 Feb 2010 17:30:25 +0000

The market’s bouncing hard today, after finally pulling back yesterday. I do not think this bounce will hold. Looking for intraday entry points in ETF shorts. A failed breakout on a 15min chart for example.

Charts for 022310

Online Stock Trading — Tue, 23 Feb 2010 15:48:46 +0000

SPX stalled at the 50dma, and is finally pulling back.

While I’m taking some of the short ETFs, it seems there’s probably bigger bang for your buck with pure shorts.

Took TZA.

Short AEM. Has now reached 50dma.

Intraday, I’m looking for charts like GPRE. A gap up yesterday offered a clean, tradeable 5-minute chart.

Index Charts – 021710

Online Stock Trading — Wed, 17 Feb 2010 22:41:56 +0000

This market has had a nice bounce. Time to look for it to stall here as major indexes near resistance points.

The semiconductor index is hitting the 50dma after a 7 day surge to the upside.

The XAU is coming into pivot resistance and the 50dma.

Small caps and the RUT have had a nice bounce to just above the 50dma.

Will Volatility Return Soon?

Online Stock Trading — Thu, 11 Feb 2010 16:30:07 +0000

The market’s been battling at the spooz trendline near 1067 all week. The current range between 1057 and 1072 is currently in play. A sideways trend has me trading 15, 5 and 2 minute charts for quick plays. Until we break this range, it will stay hit and run.

Check out when the VXX was last above it’s 50dma. A reversal up there would be negative for the market.

Long Term Trendlines

Online Stock Trading — Fri, 05 Feb 2010 21:28:03 +0000

Yesterday I posted some long term trendlines.

Here’s the chart I posted for the E-mini SP500. Then below, you can see how important it becomes when it fails intraday, and acts as a target late in the day.

Index Charts – 020410

Online Stock Trading — Fri, 05 Feb 2010 03:52:24 +0000

Spooz fall back to support.

200 dma and a broken trendline for the XOI and oil.

XAU still headed to 140.

Brokers to the 200dma.

Random Charts – 020110

Online Stock Trading — Tue, 02 Feb 2010 03:22:27 +0000

TYH bounced off the 200 dma.

XAU has retraced back to the 200 dnma.

DTO stalled near the last pivot high.