Posts Tagged ‘Technical Analysis’
NDX Analysis
I made a mistake on the top red horizontal line. That should be aligned with the close of that daily bar. Moreover, today we are marking another support or resistance level with wherever we close today.
Went Long With a Lite Position
I ended going very lightly long this morning. At around 10:45 the NDX and RUT were down to 1854 and 715. Currently the NDX is up significantly from that level without the market looking like its going berserk to the upside. I’m not expecting any more serious upmove then whats happened already today. A high …
My Response To A Reader Comment About CPST
On June 19th James Swiatek questioned my sell in CPST. A stock I caught the whole way up made a lot of money off of it and then abruptly got out of it, never to return since. You haven’t seen me mention CPST or DAR two stocks I loved. Other than my brief shorting attempt …
Bought GIGM and ID
I’ve been wanting to get into GIGM for awhile now. It was on my September list of buys. I also bought some ID and some ALKS November 20 call options for .75. I got into ALKS because I think the chart pattern on the daily, weekly, and monthly charts look good. Notice the pattern on …
SMH Semiconductor Analysis
I bought call options in SMH today because I think the SMH might pop next week yielding some short term profit. 1. The charts. Now the weekly SMH chart: If we get back to the $40 highs I’ll be ecstatic, but I’m only looking for a $1 move higher for right now. 2. I noticed …
