Archive for: July 2009

I charted SPY at 9:56 am on July 30, 2009 when it was trading at $99.24.  I’d love to jump into this rally, but the line of resistance from the trend line of higher highs looks menacing.  It looks like …

I charted the large Oil ETF, USO, at 2:48 pm on July 29, 2009 while USO was trading at $33.56.  USO gapped down this morning to open just below $35.00 and has drifted down from there throughout the day.  Once …

I charted Microsoft (MSFT) when it was trading $23.13 on July 24, 2009 at 10:40 am.  I’m kicking myself for not dumping my long shares in my IRA before earnings yesterday.  Had I been watching this chart I would have.  …

I charted Teva Pharmaceutical Ind (NASDAQ: TEVA) premarket on July 24, 2009 after it closed at $50.19 yesterday.

For the TEVA chart it all comes down to breaking through the rising wedge it’s in the middle of now.   That means I’ll …

I drew a candle chart of PowerShares QQQ Trust Series (QQQQ) when it was trading at 39.48 at 3:15 pm on July 23, 2009. 

I see QQQQ hitting resistance here at the point of its trend line of higher highs.  From this line …

I charted CVS again today at 1:46 pm while it was trading at $33.15.  After getting it right last month when I said it was heading higher.  S&P upgraded it today, but the chart shows that …

I charted USO before the markets opened on 7/20/09.  On Friday it closed at $34.24 and is up in premarket trading.  USO looks to have more upside potential than downside risk from here.  It found support on its long trend …

I charted NASDAQ OMX Group Inc (NDAQ) again this morning while it was trading at $20.07.  This is a follow-up to my NDAQ chart on July 8th.  As I predicted that was the time to get in.  …

I charted NASDAQ OMX Group Inc (NASDAQ:NDAQ) pre-market after NDAQ closed at 18.93 yesterday.

This is one of my favorite charts to follow using the Williams %R technical indicator and I’m kicking myself for not closing my …

I charted United States Oil Fund LP (NYSE: USO) at 12:23pm when it last traded at $33.95.  While a lot of bearish news has caused a solid pull back in USO, it could be nearing support around this level just below …