7. Day Trading and Investing: Charting Patterns Lesson 1
http://www.informedtrades.com/
The first lesson in a series on chart patterns for traders and investors in the stock market, futures market, and forex market.
Duration : 0:3:57
Options and Stock Market Technical Chart Analysis for September 1, 2009 by Idan Koren
VISIT: WWW.STOCKTOCK.COM for intraday commentary Today we looked at the last week’s action and how shorting the stock market and buying cheap calls for protection is probably going to pan out very well. We also own JPM puts and SPY puts. We look at the longer term ramifications and how the charts are showing a lot of bearish patterns which can eventually take us to the 825-840 buffer zone and maybe even new lows down the road. While a lot of people think that this market is going to either move up or crash hard, we believe that the pace of the downtrend will begin very moderately but will speed up once the wedge support line is broken. We also look at the SPY, XLF, AIG and GLD.
Duration : 0:5:8
Options and Stock Market Technical Chart Analysis for April 24, 2009 by Idan Koren
Today we go and look at the longer term picture and how the week ended close to flat. The bears had a very strong day on monday and the start of tuesday. However, the bottom of the channel on the S&P was tested and that gave bulls the place to go long. The fact that today the S&P could not hold 868 might mean that we are due for a nice pull back next week, and that is why I remain short, however, I got stop-lossed midday and had to put my shorts back in in the last 10 minutes of trading. The volume has been a little stronger today and for a friday this is significant, however, this is only because of the stress-test related news we got at 2 pm, before that the bulls took this market higher on incredibly low volume. Nevertheless, the volume should be noted as significant. The Dow Jones resistance channel was tested yet again today, but the volume was definitely not strong enough to break it. I looked at how the XLF filled a gap today and found resistance. There is a strong inverse H&S on the XLF with a neckline at $11.30, something to watch out for. Overall, the bulls have been very strong in the last couple of days, but have not broken the determinant resistance lines that make me want to go long just yet.
Duration : 0:8:21
PART 1 – Options and Stock Market Technical Chart Analysis for October 16, 2009 by Idan Koren
Today we looked at many charts all around and have tried to make sense of the market action. While we got the strong pull back we expected early on in the day, the market did reverse and move higher making the daily S&P candle not so bearish. We still want a confirmation lower and a break of a trend line before we can get more bearish but the setup in other stocks excluding energy is to the downside. With the XLF showing huge down volume in the last 20 minutes it seems like we could see an H&S forming. Other tech look weak including BIDU, AAPL and AMZN (less weak). Financials including GS, and JPM sold off away from their highs and could be showing signs of a reversal or at least a prolonged consolidation. BAC is a very weak stock after it missed it’s earnings, with that in mind it might be worth shorting BAC and Citigroup ( C ) and going long the XLF as a hedge. I also expect WYNN to potentially hit lower lows.. but keep a stop at a descending resistance trendline, I have already gotten stopped out and i’m out of this position.
Duration : 0:5:1
Options and Stock Market Technical Chart Analysis for November 27, 2009 by Idan Koren
Today we look at the patterns that are showing up and what to expect into next week. I reveal my larger positions and the hedges that are placed in for next week. A potential downside of 3% or more remains as we try to aim for the support levels of the megaphone and wedge formations. I also look at the XLF, SPY, Dow Jones, GLD, AXP and AMZN.
Duration : 0:5:1
Options and Stock Market Technical Chart Analysis for September 2, 2009 by Idan Koren
Today we look at various stocks to see more justficiation that we could be topping in the markets. We look at today’s action on the SPY, and how we made a newer low and then consolidated for most of the day only to find more selling pressure at the end of the day. Tomorrow can be another push lower simply because the market wants to form a H&S formation, and the head needs to completely form (i.e. move to 978-980 level on the SPX), before the right shoulder can form. That said, one day of consolidation is not out of the question yet. Overall, you can’t be fully bearish until the market breaks the wedge support found around the 960 level but ascending. Today we took profits on most of our shorts including JPM, as we see a possible push higher on some of the stocks as they form their respective H&S. We look at GLD, which we got stopped out of, since it broke it’s triangle formation to the upside and that might be another sign of fear entering the market. If GLD was an inflation hedge, the market would have been up when GLD was up, but it’s down. We also look athe XLF, STEC, RIMM and AAPL.
Duration : 0:5:2
Options and Stock Market Technical Chart Analysis for September 8, 2009 by Idan Koren
Today we look at the SPY chart longer term, and talk about the fact that the market is showing similar signs to the action we saw 2 weeks ago, only one big thing has changed: The financials continue to underperform the market. Even though today was a commodity based rally due to weakness in the dollar, we believe that tomorrow will be the day that will decide wether this market is able to make new highs or if it’s going to go back lower to play the lower end of the wedge formation. We also talk about the JPM trade that we have on, and look at the financials XLF ETF that is forming a H&S.
Duration : 0:5:1
Channel Guy Trader: Stock Market Technical Analysis for Ending Day 09/30/09
** IF YOU LIKE THE VIDEOS PLEASE SUBSCRIBE TO THE VIDEOS AT AskChrisHeTrades YOUTUBE CHANNEL** WATCH IN HD FOR CRYSTAL CLEAR VIDEO. YOU CAN ALSO WATCH IT AT STOCKTOCK.COM AND ASKCHRISHETRADES.BLOGSPOT.COM ChannelGuyTrader.Com Coming Soon**
I’m sorry I forgot to show the key levels on the intraday spy 15 min chart that you should watch for the morning session. I also forgot to show you guys how the daily channels were setting up on the SPX. I will have these two pictures posted on the blog site @ askchrishetrades.blogspot.com. One thing I want to bring to you traders attention, is that we held above the 50% like of the downward channel. We are still above the fast line from the push we got the other day. So either way we are at a key area tomorrow for a push higher or a definite break back to the lower channel. That key level to watch is exactly where we closed at so you can expect a gap up or gap down in the morning and a good movement from there. If we break that level I say 1045 Mondays low is the next support level. Enjoy!!
Duration : 0:10:55
Poker Champ Cada Hopes to Transition to Stock Market: Video
Nov. 18 (Bloomberg) — Joe Cada, the youngest champion at the 2009 World Series of Poker, talks with Bloomberg’s Pimm Fox about winning the $8.55 million top price in Las Vegas on Nov. 10.
Cada beat out 46-year-old Darvin Moon, a self-employed logger from Maryland, in a head-to-head showdown to capture the No-Limit Texas Hold Em world championship. (Source: Bloomberg)
Duration : 0:5:14
Strazzullo Says U.S. Stock Market `Close to the Top’: Video
Nov. 18 (Bloomberg) — Bill Strazzullo, chief market strategist at Bell Curve Trading, talks with Bloomberg’s Julie Hyman and Mark Crumpton about the outlook for the U.S. stock market.
Strazzullo also discusses commodities, the U.S. dollar and financial stocks. (Source: Bloomberg)
Duration : 0:6:52