Market news and comments. I will post some of the technical alarms and interesting patterns developed in stocks and worldwide indexes.
- Candlesticks
- Investopedia
- On line Trading concepts
- The pattern site
- MIT press http://www.mitpressjournals.org/
Monday, August 30, 2010
GOOG: andrew's pitchfork tool
Labels:
GOOG
China: covering shorts on US treasury bonds?
China: Rumors of the Central Bank Chief's Defection | STRATFOR
I just read this news and is worth to notice that, even if this is not true, it is perfect to explain the last rally in US treasury bonds. Last months we were trying to find something that explains why the yields tanked again. I did not saw panic in the market (only in the fat finger day). In addition, I think this last movement on yields does not looks like a "flight to quality" and the yields were relatively low (compared to other investments) to justify a big buy on them. The last explanation to this big buy is china covering big shorts....I am still in research on this matter.
I just read this news and is worth to notice that, even if this is not true, it is perfect to explain the last rally in US treasury bonds. Last months we were trying to find something that explains why the yields tanked again. I did not saw panic in the market (only in the fat finger day). In addition, I think this last movement on yields does not looks like a "flight to quality" and the yields were relatively low (compared to other investments) to justify a big buy on them. The last explanation to this big buy is china covering big shorts....I am still in research on this matter.
Saturday, August 28, 2010
Updating some indexes
Some possibles count for the wave 4:
This are some possible long term EW counts for the most important indexes.
DOW JONES INDUSTRIAL:
This are some possible long term EW counts for the most important indexes.
DOW JONES INDUSTRIAL:
LONDON FINANCIAL TIMES STOCK EXCHANGE:
DOW JONES TRANSPORTS:
DOW JONES US FINANCIAL INDEX:
Tuesday, August 17, 2010
Monday, August 16, 2010
Sunday, August 15, 2010
Thursday, August 12, 2010
Tuesday, August 10, 2010
PFE: Cup with handle
The Cup with Handle is a bullish continuation pattern. Target: 16.88. Huge volume in the break-up. More information about this pattern: stockcharts.com.
Labels:
PFE
Monday, August 9, 2010
SPY - DIA: History repeats...
Look at this interesting patterns. Notice that one chart is daily, and the next is weekly. One is from 2010, the next is from 2008 / 2009. Notice the same volume pattern, the same wedge, the same MACD pattern and the same H & S. Looks easy, doesn't it?
Sunday, August 8, 2010
Monday, August 2, 2010
Brazil... la ra la la ra la...
If it breaks this resistance, first target 90. In the weekly chart, 200 EMA (yellow) up-trending. 50 EMA (green) above the 200 EMA. 22 EMA (red) above the 50 EMA. EWZ is up-trending.
Labels:
EWZ
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