Thursday, April 30, 2009

Human Genome Sciences

HGSI today gapped up is bullish! Look for 1st resistance at the white line(200 day moving average). Click on the chart for a bigger picture.

NDX hits resistance

NDX hit the 233 day moving average today. Look for a pullback to start anyday. Click on the chart for a bigger picture.


Revlon(REV) is breaking out of a base and hit the weekly R2 pivot today @$5.00. This has more room to the upside.


DRYS bounced off the weekly S1 pivot(blue circle) and now is looking for the weekly R1 pivot(blue arrow) @7.43. Market Markers and Professional Traders use pivot points!

Wednesday, April 29, 2009

Sunrise Senior Living

SRZ is breaking out of a long base, after a steep sell off. There is a resistance zone above. This is going a lot higher.

Coin update

COIN went higher from the open today, and ran into the monthly R2 pivot at $1.75, from 1.35. Look for consolidation for a few days.

NDX kisses the 200 day

The NDX today tagged the 200 day moving average(white line). The 200 day is always tough to break. I'm looking for a pullback in tech to start any day.

FAZ gap filled

Faz filled the open gap from last Friday. Click chart for larger view.

Tuesday, April 28, 2009


COIN is breaking out of a base after a big sell off. The big green candle today is telling us there is a change in investor sentiment, with this company. I will be looking to buy any pullback to the blue line at$1.07.....if I can. This looks like it could be a fast double.

Sunday, April 26, 2009

Swine Flu stocks

With the Swine Flu scare in the spotlight this weekend, look for big moves in the Bio tech stocks this coming week. Several had big breakout moves last Friday. I will post a watch list tonight, on the right side of this page. A few fav's are: NVAX AVII HEB BCRX

Dow Jones rounding top

Here is a weekly line chart of the Dow Jones, and I am see a rounding top(blue arrow), in the making, usually a bearish signal. Also, I believe we have seen the lows for this year, when we hit the yearly S1 pivot(pink line marked S1) in March at 6500. I think we can go higher(after a good pullback), before we see another BIG leg down, in the next year or two.
Good article in this weeks Economist:

Saturday, April 25, 2009

NDX 1380

Last month I wrote, "the NDX index was looking to make a big move to 1380 if the 1280 level broke". We hit 1379 yesterday. I missed it by 1 point!
The 200 day moving average is above(white line) @1398 and that WILL stop this rally, for now. The 50 day and 200 day moving average is watched by every mutual fund manager, hedge fund, investor and trader. Money managers will be asking, "what direction is the 200 day pointing"..... DOWN? The normal pattern is, we test the 200 day and then pullback to test the 50 day(@1220 currently) for support. That's where the investors and traders, who missed the rally, will be looking to buy.

Friday, April 24, 2009

Euro plays weekly pivots

The Euro this week went from the Weekly S1 pivot(blue circle, green line S1) to the Weekly R1 pivot today, a 375 pip move. Weekly pivots are a great tool for swing trades. They show you where support and resistance is for the week.

Thursday, April 23, 2009


CTIC is popping up again. First resistance is the monthly P(yellow line P) at .4733 cents. If CTIC close above the monthly P then look for a run up to monthly R1 at .8967 cents.

Wednesday, April 22, 2009


Apple(AAPL) has had a nice 50% move off the lows and today hit the monthly R2 pivot(green line R2) at $126.65 and the weekly R1 is there too. Also, there was an open gap at $125 from September 2008 that got filled. The weekly 50 moving average is just above at $128.50. That should be the top on AAPL for a while. Monthly R2 pivot, Weekly R1 pivot and the weekly 50 moving average, will be tough to break.


THC ran up to the monthly R4 pivot at $2.13, from the monthly P at $1.07. Nice 100% move in 7days. Don't buy up here if you missed it. Let price come back down .50 cents.

FAZ financial "short" etf

FAZ closed today with a hammer buy signal. Need to see confirmation tomorrow with an up open. As you can see on the chart, the grey line(8 day moving average) has been resistance since it broke last month at $85.
The 8 day moving average needs to become support vs resistance. ......that could happen very soon.

update: FAZ never gave a confirmation up open.....instead it opened down.

Dow Jones on support

The Dow ran into resistance at the green line for a 3rd time in the past 6 months. Today it closed on the 21 day moving average(yellow line). Bulls and bears will be fighting it out here. Go with the winner.....a breakout of the green line go long and if price breaks the yellow line, go short.

Monday, April 20, 2009

B of A

Bank of America got killed today! the stock price hit monthly R2(green line R2, white circle) last week @$11.65. My target is at $6 at the monthly P(yellow line P, white circle).

FAZ ETF 3x financials

I'll be watching FAZ to see if it can break though the daily 8 day moving average(light grey line) @ $11.22, for a buy signal. Currently it is still on a sell signal, so don't jump the gun. Also the weekly pivot is at $9.75, which could be resistance.

Dow Jones hits monthly r1 pivot

The Dow hit the monthly R1 pivot last Friday at 8126(blue circle on the green line R1). I'm looking for the start of a pullback this week. If this rally is real, big buyers should show up around 7500-7750.

SIRI update

SIRI is now up 50% from my post last week. My target is the daily 200 moving average(white line) at .6293. SIRI hit .60 cents today in pre market today.

Wednesday, April 15, 2009

BWEN update #2

BWEN is now up 100% since my posting last monday at $4. My target is $9.43.....the daily 200 moving average(white line). Yes its too late to buy!

Monday, April 13, 2009


SIRI Sirius satellite has a similar pattern to FEED. Notice how price is going sideways and now the 20 day moving average(yellow line) has caught up.
Will we get a big move here?

FEED 33% move today

FEED which is on my watch list this week jumped 33% today. The set up was it found support on the 20 day moving average(yellow line), last Wednesday and Thursday. Today Feed closed at the monthly R1 pivot(green line R1). Use the middle of today's candle as your stop if your long.

Saturday, April 11, 2009

the Dow in 1929-1936

Here is a weekly chart of the Dow Jones 1927-1936. The Dow was following the 20 moving average(yellow line) as support and then as resistance.
The Dow lost 86% from it's highs before bottoming. I hope we don't copy that!


Bullish gap up on big volume after basing for several months. This is a China Wind Utility company and a Wind Turbine manufacturer. Here is a link to thier earnings a few days ago.

NDX looking very bullish

NDX looking for the 200 day movinh average(white line)? Click on the chart for a bigger view.

Friday, April 10, 2009

Russell 2000

The Russell 2000 is testing a down trend line(blue line) where sellers may show up again, after a 33% move off the March 6th lows. It looks like the Russell is making a inverted head and shoulders pattern, that may take several more months, before a right shoulder is made.

Thursday, April 9, 2009

BWEN update

BWEN is up 50% since my posting on Monday. BWEN this week, has gone from monthly P at $4 to the monthly R2 pivot at $6.43 today. I still like this stock, but it probably will consolidate this move. Buying dips is the play.

FAZ update

FAZ ended the week on DeMarks weekly low pivot (orange line DML). This Bank inverse ETF, has gone from $115 to $10 in 5 weeks......ouch! Maybe it will find support on monthly S2 @$8.77? Using a combination of Weekly standard pivots and DeMarks weekly pivots, showed us this weeks highs and lows on FAZ.

Monday, April 6, 2009

A Wind Machine company?

Here's a stock that has finally broke above it's 50 day moving average(blue line). This company (BWEN) Broadband Energy, is involved in all aspects of building and maintaining wind mills. This is very thinly traded and trades on the OTC. It has sales of over $200 million dollars. I like the chart if it can stay above $4.00
Here is a link to there last earnings report a few weeks ago.

Sunday, April 5, 2009

Vix close to support

the Vix is getting close to the green line which is the 50 week moving average. It held there before in late January(blue circle). A bounce off it again (double bottom) could tell us the rally in stocks could be coming to an end. A break below the weekly 50, would be very bullish for stocks.

A trader's brain

Most investors trade this this you? Click on the chart for a bigger view.

Friday, April 3, 2009

S&P close to Resistance

S&P also played the weekly pivots. Monday saw weekly S1(blue circle) as the low for the week and weekly R1(blue circle) at 842 was the high for the week. That's pivot power! Next week we should test the monthly R1 pivot at 860. We'll see where the new weekly pivots come in too.

Dow Jones at resistance?

The Dow played the weekly pivots (blue circles on the white lines) perfectly. Monday saw buyers come in on S1 and they sold at R1 on Thursday. Also at 8016 was the 62 fib re-tracement and the red line is the 100 sma. We should pullback here next week, but we probably will test the monthly R1 pivot at 8126 first.

Thursday, April 2, 2009

NDX breaks resistance

the NDX broke 1280 today and ran up to 1311. Some possible upside targets are 1331 monthly R1 or 1380(gap) or even 1426 monthly R2 and 38 fib retracement. Now that resistance at 1280 broke, it now becomes support on any pullback. Use a close below 1280 as your stop.