Archive for: September 2009

Last week I wrote about the FWLT chart that looked like it had room to move higher.  I even sold some cautiously bullish puts on it based on the lower trend lines.  I was wrong.  I …

I charted Foster Wheeler AG (NASDAQ: FWLT) at 10:53 am on September 17, 2009 when it was trading at $34.75.  FWLT broke above previous resistance at the open today and climbed from there.  Although it is off its highs of …

I charted SPY this morning at 9:47 when it was trading at 105.83 and saw resistance holding the S&P 500 index back from breaking out too far for the next few days.  I’d like to see a few percentage point …

I charted SPY before the markets opened after it closed within a few cents of its high of the day yesterday at $104.79.  With a close at its highs yesterday I expected a stronger opening this morning, but the chart shows the …

I charted GLD, a major gold ETF this morning before the markets opened.  Yesterday GLD closed at $97.43 after topping out at $98.64.  The two parts of the GLD chart that stand out most to me are that GLD couldn’t …