Showing posts with label watch list. Show all posts
Showing posts with label watch list. Show all posts
Wednesday, October 14, 2009
wrap-up
Most issues that I regularly follow made their lows first before being bid up higher, with the exception of AAPL, TLT, and OIH. Also, FCX appears weak.
Tuesday, October 13, 2009
what i watch
These next 3 snapshots (Daily time frame) include stocks which I keep tabs on regularly. They include the 20- & 50 EMA's, and a 2-period Rate of Change. I like to zoom in and look at where price is within the most recent 10-15 day range and see if there are any candlestick patterns that jump out at me (like the dragonfly doji on XLE). The rate of change can hint at whether price/momentum may be waning and can give me an idea of what I might expect going into the next day.
Sunday, October 11, 2009
to watch this week
What I'll be looking for this coming OPEX week.
FCX has been having a strong go at it, but there's some overhead resistance looming at the $77-$80 level, not to mention the gap just below $90.
So, things look a bit extended at this point (but what doesn't anymore?). The upper keltner channel lines up with the even $77 level, so watch for selling if price makes it up to that area this week. 
However, the first hurdle FCX has to overcome is the $75 level. So, we may get some selling on Monday at this level, provided it doesn't just drop from where it is now. I would be looking for a downside move back to at least the 50-EMA (on the 30-min chart) which would coincide with the most recent gap ($73).
POT has been floundering of late. Just look at the weekly:
But what you may not be able to pick out on the weekly can be better viewed on the daily:
I'm looking to sell any pullbacks in POT.
USO, just look at the weekly and daily:
I'm thinking the bottom line here is, buy the dips!
Also, keep an eye on the Transportation sector, as they seem to be leading market behavior, watch for a lower high.
And finally, pay attention to the financial sector if it begins to approach the $15.50 mark.
FCX has been having a strong go at it, but there's some overhead resistance looming at the $77-$80 level, not to mention the gap just below $90.
So, things look a bit extended at this point (but what doesn't anymore?). The upper keltner channel lines up with the even $77 level, so watch for selling if price makes it up to that area this week. 
However, the first hurdle FCX has to overcome is the $75 level. So, we may get some selling on Monday at this level, provided it doesn't just drop from where it is now. I would be looking for a downside move back to at least the 50-EMA (on the 30-min chart) which would coincide with the most recent gap ($73).
POT has been floundering of late. Just look at the weekly:
But what you may not be able to pick out on the weekly can be better viewed on the daily:
I'm looking to sell any pullbacks in POT.
USO, just look at the weekly and daily:
I'm thinking the bottom line here is, buy the dips!Also, keep an eye on the Transportation sector, as they seem to be leading market behavior, watch for a lower high.
And finally, pay attention to the financial sector if it begins to approach the $15.50 mark.
Wednesday, October 7, 2009
for Thursday
Here's what I'll be watching tomorrow:
RIMM looks to be setting up nicely here.
XLE testing an upward base. Be on guard for a momentum divergence. Price has come pretty far pretty fast and left some untested ground beneath it in the form of that gap up.
XLF; that upward trend has been pretty steep (at least it tested Tuesday's gap for buyers, unlike XLE) . Looking for a blow-off momentum thrust upward. Keep an eye out for a momentum divergence to bring prices back to the 20-EMA (on the 30-min chart below).
RIMM looks to be setting up nicely here.
XLE testing an upward base. Be on guard for a momentum divergence. Price has come pretty far pretty fast and left some untested ground beneath it in the form of that gap up.
XLF; that upward trend has been pretty steep (at least it tested Tuesday's gap for buyers, unlike XLE) . Looking for a blow-off momentum thrust upward. Keep an eye out for a momentum divergence to bring prices back to the 20-EMA (on the 30-min chart below).
Sunday, October 4, 2009
setups
A couple of potential momentum setups going into Monday.
AIR broke out of a base and closed near the highs of the most recent congestion area:
With the announcement of the '16 Olympic host we saw a lot of activity in Brazilian names as well as beverage companies (PEP, STZ), here's ABV (also take note of VIV) at an all-time high (on a closing basis). 
ABT is poking out of a resistance level as a bullish engulfing candle, with gap-fill potential looming above.
MCGC could be a little tired here. After breaking out of a cup w. handle pattern it may take a break to consolidate further, but may just forge ahead with a measured move and overhead gap-fill.
RINO had a big momentum push lately and seemed to be finished. But volume stepped in Friday to buy the dip back to $18, was someone tipping their hand?
AIR broke out of a base and closed near the highs of the most recent congestion area:
With the announcement of the '16 Olympic host we saw a lot of activity in Brazilian names as well as beverage companies (PEP, STZ), here's ABV (also take note of VIV) at an all-time high (on a closing basis). 
ABT is poking out of a resistance level as a bullish engulfing candle, with gap-fill potential looming above.
MCGC could be a little tired here. After breaking out of a cup w. handle pattern it may take a break to consolidate further, but may just forge ahead with a measured move and overhead gap-fill.
RINO had a big momentum push lately and seemed to be finished. But volume stepped in Friday to buy the dip back to $18, was someone tipping their hand?
Subscribe to:
Posts (Atom)