Archive for: June 2009

I charted MidCap SPDR ETF (MDY) on Wednesday afternoon while it was trading at $102.66.

MDY found support yesterday at the point of its short trend line of lower lows and its longer trend line of higher lows
MDY hit resistance today …

I charted Monsanto (MON) around lunchtime while it was trading $75.89.  (Disclosure, I’m long 100 shares with a covered call at July $80).   Monsanto announced earnings today which were positive overall and it started the day up, but then came the information …

I charted CVS Caremark Corp (NYSE:CVS) at 12:38 on June 16th, 2009 while it was trading at $29.92.

The trend line of higher lows is set to converge with the trend line of lower highs soon - This is setting up something …

I charted United States Oil Fund LP (NYSE Arca:USO) at 9:48 am while USO was trading at $59.48. 

USO is at the top end of its trading channel near its trend line of higher highs
The 200 day moving average didn’t make …

I charted the S&P 500 Index ETF, SPY, before the markets opened on June 4, 2009, after it closed at 93.65 on the 3rd.

SPY found support yesterday just above its 200 day moving average
SPY is still in the middle of …