Monday, July 26, 2010

Weekly Summary

It has been a while I posted anything here. Seems like inflation is not happening and the deflationary forces is higher. TBT collapsed after I bought the call options. Ouch!

The sector summary for the week ending 23 Jul 2010:
USA Monthly Weekly Daily
S&P500 Down Neutral (+) Neutral
DJI Neutral (+) Neutral (+) Neutral
NasdaqComp Neutral (+) Neutral (+) Neutral
DJ Transport Up Neutral (+) Neutral
DJ Utility Neutral (+) Up (+) Up
Russell 2000 Up Down Neutral (+)
AMEX Airline Up Up Up
AMEX Biotech Up Down Neutral (+)
AMEX Gold Bugs Up Neutral Neutral (+)
AMEX Natural Gas Down Down Neutral (+)
AMEX Oil Down Neutral (+) Neutral
AMEX Security Broker Down Down Neutral
AMEX Telco Up Up (+) Up
KBW Bank Up Down Down (-)
KBW Insurance Up Down Neutral (+)
PHLX Housing Down Down Neutral
S&P Retail Down Down Neutral

As you can see, the performance for the various sectors are mixed. There is no clear winner at this moment. Currently, telco and airline is the strongest. I'm still waiting for the mining sector to perform.

Friday, March 26, 2010

TBT

TBT Daily Chart

Looks like a break. It's almost 1 year that I didn't trade in any options. TBT options is my first of the year.

Disclosure: Long

Thursday, March 4, 2010

Nova Gold

NG Daily Chart

Long in Nova Gold (NG). Gave me a buy signal and may have been broken out of the short term downtrend. This stock is trading in a tight channel.

Saturday, January 16, 2010

USA Weekly Summary

S&P 500 Daily Chart

S&P 500: Seems like it is now testing the resistance turned support that it has broken 2 weeks ago. Trend is still up.

DJI Daily Chart

DJI: Different case for DJI. Still no success in breaking the upper resistance line. Now, just a few points above the uptrend support line. Trend is still up.

Nasdaq Composite Daily Chart

Nasdaq Composite: The movement for this index has the same pattern as the S&P 500. Support is at around 2260.

The summary for the rest:
USA Monthly Weekly Daily
S&P500 Up Up Up
DJI Up Up Up
NasdaqComp Up Up Neutral (-)
DJ Transport Up Up Up
DJ Utility Up Up Neutral
Russell 2000 Up Up Up
AMEX Airline Up Up Up
AMEX Biotech Up Up Up
AMEX Gold Bugs Up Neutral (-) Neutral
AMEX Natural Gas Up Up Neutral (-)
AMEX Oil Up Up Neutral (-)
AMEX Security Broker Up Up Neutral (-)
AMEX Telco Up Up Neutral
KBW Bank Up Up Up
KBW Insurance Up Up Up
PHLX Housing Up Up Up
PHLX Semiconductor Up Up Neutral (-)
S&P Retail Up Up Neutral (-)

You can see that there were a lot of correction last week. Commodity play is still under correction.

Saturday, January 9, 2010

Weekly Summary

NASDAQ Composite Weekly Chart

Nasdaq Comp: Broke out of rising wedge. Next resistance at 2350. Daily and weekly chart is slightly overbought. Monthly chart shows that there is still a lot of room to go.

DJI Weekly Chart

DJI: Making a rising flag. Daily still not yet overbought. Therefore, it is still possible for it to break higher. If it does, next resistance at 11000.

S&P 500 Weekly Chart

S&P 500: Daily still not yet overbought. Next resistance is at around 1200-1220.

The summary for the rest:
USA Monthly Weekly Daily
S&P500 Up Up Up
DJI Up Up Up (+)
NasdaqComp Up Up Up
DJ Transport Up Up Up (+)
DJ Utility Up Up Neutral
Russell 2000 Up Up Up
AMEX Airline Up Up Up
AMEX Biotech Up Up Up
AMEX Gold Bugs Up Up (+) Neutral
AMEX Natural Gas Up Up Up (+)
AMEX Oil Up Up Up
AMEX Security Broker Up Up Up
AMEX Telco Up Up Neutral
KBW Bank Up Up (+) Up (+)
KBW Insurance Up Up Up
PHLX Housing Up Up Up
PHLX Semiconductor Up Up Up
S&P Retail Up Up Up (+)