Category: Uncategorized

December 9, 2009

USO Chart – Finding Support, Again

Filed under: Uncategorized - 09 Dec 2009

I charted the large oil ETF, USO, this afternoon when it was trading at $35.75.  For about a month and a half USO moved along in a nice orderly trading channel with a downward tilt.  Last week it broke through …

October 28, 2009

SPY Chart – Sitting on Crucial Support

Filed under: Uncategorized - 28 Oct 2009

I charted SPY this afternoon when it was trading at $105.33 as it sat at a level of critical technical support.  The two main indicators I like to use that are in play right now are the trend line of higher …

August 7, 2009

SPY Chart – Limited Upside

Filed under: Uncategorized - 07 Aug 2009

I charted SPY this morning at 10:37 when the S&P 500 ETF was trading at $101.14.  After the better than expected jobs report this morning SPY still couldn’t make it through the line of resistance it’s been bumping against all …

July 24, 2009

MSFT Candle Chart Shows Support

Filed under: Uncategorized - 24 Jul 2009

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.  …

May 5, 2009

SLB Chart – May 5, 2009

Filed under: Uncategorized - 05 May 2009

I drew the following chart of Schlumberger Ltd (NYSE: SLB) around 1:00 pm on May 5, 2009.  Disclosure: I sold an option strangle on SLB yesterday.

SLB is trading near the high end of the …

April 29, 2009

DIA 3 Month Chart – April 29, 2009

Filed under: Uncategorized - 29 Apr 2009

I charted the Dow Jones tracking ETF, DIA, at 12:26 pm on April 29, 2009. 

DIA hit the line of most of its three month intraday highs this morning
The one time DIA closed above this line it used it as support and …

April 20, 2009

NDAQ Daily Chart – April 20, 1009

Filed under: Uncategorized - 20 Apr 2009

The last time I posted a chart of NDAQ I said it was ready for a bounce.  It opened that day at $18.80 and eight days later topped out at $22.61.  I charted NDAQ …

April 16, 2009

Microsoft (MSFT) Chart – 6 Month Chart

Filed under: Uncategorized - 16 Apr 2009

I charted Microsoft (MSFT) on April 16, 2009 at 2:26 pm while MSFT was trading at $19.44.

MSFT is on the top side of its trading channel for the past five months near its trend line of slightly lower highs
MSFT is …

April 15, 2009

Amazon (AMZN) Chart – 4/15/09

Filed under: Uncategorized - 15 Apr 2009

I charted Amazon (AMZN) premarket on April 15, 2009 after AMZN closed at $77.22 yesterday.

AMZN is at the top of its trading channel near its trend line of higher highs
AMZN held support on on its 10 day moving average yesterday
Based on …