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Posted by btr Fri, 14 Apr 2006 15:01:00 GMT
It looks more like to break on the upside now. Let's see if it will follow through rest of this week.
It's interesting to notice that crude is at $72/bbl, gold is at $600, while Dow has reached almost multi-year high.
Posted by btr Wed, 11 Jan 2006 03:35:00 GMT
Looking at this five-year chart of INDU, we can see we have again approached and crossed the 11,000 line. With the base built over last two years after 2003 all year long steady climbing up, we may enter a new uptrend from here. We need to see some follow-through after breaking 11,000 with decent volume.
Posted by btr Tue, 20 Dec 2005 00:29:00 GMT
QQQQ looks bearish. It seems that a lot of money is moving out (a lot of selling). I actually closed all equity positions in 401(k) two weeks ago, that is 100% cash. What's ahead for the new year? Don't know yet.
Posted by btr Thu, 08 Dec 2005 04:39:00 GMT
IShare Russell 2000 ETF (IWM) shows a pullback into the support area. Let's see if this uptrend line holds.
DOW Jones Average seems to be testing the support area.
Posted by btr Thu, 01 Dec 2005 01:17:21 GMT
As expected, Dow Jones Industrial pulled back. Let's see if the support holds.
Posted by btr Tue, 29 Nov 2005 03:35:00 GMT
DOW Jones Industral Average pulls back a little. I expect that we may see a pullback around 10730. If you are bullish, it may be an opportunity to get on this rally at the year end.
Posted by btr Wed, 23 Nov 2005 05:11:34 GMT
How much will the market continue to rally? All major markets are quite extended after going straight up for almost two months.
It's quite possible that it continues to move up, but I would sell into the strength to take some profits.
Posted by btr Thu, 17 Nov 2005 02:45:00 GMT
Market at glance: Best performing sectors from last three months are Gold & Silver and Broker & Dealers, followed by Dow Jones Industrial and Russell 2000.
DJIA - Dow Jones Industrial
DJUA - Dow Jones Utilities
DJTA - Dow Jones Transport
SP500 - S&P 500
NASDAQ - NASDAQ Composite
RUT - Russell 2000
XCI - Technology
IIX - Internet
XBD - Broker & Dealers
XOI - Oil & Gas
XAU - Gold & Silver
Posted by btr Thu, 10 Nov 2005 03:01:29 GMT
The long doji indicated that market didn't make up mind yet on where to go next. We need some push to break the overhead resistence.
Posted by btr Tue, 08 Nov 2005 01:58:25 GMT
INDU continues moving up crossing SMA 200. Short term wise, it's overbought.
The Euro has been in a death spiral for many months now, as anybody who has been paying attention knows. You have to look at multiple time frames when you’re trading and here are my charts for four different time frames. The weekly gives you a big picture view. The Euro’s most recent more
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Gold futures climb by as much as $15 an ounce, as a pullback in prices combine with continued weakness in the euro to lure investors back to the precious-metals market. more
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Q: Like countless traders, I saw many of my positions stopped out last week, only to see them rebound to at or near where they were before the "flash crash" (e.g. AAPL). As you reflected in your recent comments, traders... more
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