Archive for: March 2009

I charted SPY at 3:00 pm on March 31, 2009.  SPY is one of the largest S&P 500 Index ETFs.  I typically trade SSO (double SPY price action), but chart SPY for a better view of the market’s direction.

 All trend …

I charted the past six months of daily price movement for Nasdaq OMX Group Inc (NDAQ) before the markets opened on March 31, 2009.

NDAQ is at the bottom of its trading channel close to the nearly horizontal line of lows
Each time NDAQ …

I charted DIA at 12:50 pm on Monday, March 30, 2009.  DIA is the DIAMONDS Trust Series which is an ETF that tracks the Dow Jones Industrial Average.  I posted a DJIA chart on my other blog this …

I charted the QQQQ going back to December 31, 2008 to show its price action for 2009 year to date.

QQQQ is at the top of its horizontal trading channel of highs that marked a turn lower
QQQQ is in the middle of …

I charted JOYG’s daily price action at noon on March 26, 2009.  The chart goes back about five months.

JOYG is at the top of its horizontal trading channel which could be tough resistance
JOYG is in the middle of upward trading channel, …

Goldman Sachs (GS) has been on a huge run since its November lows
GS just snuck out to the top side of its trading channel over the past two days
The next big hurdle is the 200 day moving average for GS
Williams %R shows …

Celgene (CELG) is giving mixed signals.  It might be better to wait for a better entry point than it’s offering now.

Coming to a pivot point where two trend lines are about to meet.  Might be good to see which direction …

MON is following a trading channel that is hitting the low side this morning. 
The 10 day moving average could act as support too.
Risk comes from Williams %R starting to break below overbought.