Tuesday, August 27, 2013

on holiday

I'm on Holiday this week.

I'll still be tweeting charts.

Sunday, August 18, 2013

Apple yearly S1 to the yearly P?

I didn't hear ANY pro's on TV or in the news saying buy Apple at $390. I was one of the few who said "Buy Apple on the yearly S1 pivot($390)" back in April and June. Now its back to over $500. My target is the yearly Pivot at $547. It could get there by the Sept. 10th new products announcement.

Dec. Gold at MR1 and gap filled

December Gold futures rallied last week up the open gap and the monthly R1 pivot point. I don't see gold prices going above the monthly 50pma / yearly S2 pivot at $1430 this year. The 10 year trend is broken!!

probably more downside ahead

The S&P 500 had a big gap down last Thursday(the bigger the gap, the bigger the trap). It closed the week below the monthly pivot point. Next area of support is 1650. A close below that will open the door for 1625 gap and monthly S1 pivot.  Resistance this week is old support at 1665/1666 ish.

Monday, August 12, 2013

this weeks Pivotal Pivots

Sunday, August 4, 2013

NDX looking 4 the Yearly R2 pivot

NDX has it's sight set on the yearly R2 pivot point at 3186.  The high in 2012 on the NDX was at the yearly R3 pivot(2870). The 2013 Yearly R3 pivot is at 3495.

S&P Yearly R3 pivot is close

Next target is the yearly R3 pivot point at 1730.

ZN IHS pattern

Inverse head & shoulders pattern setting up. Right shoulders are usually fast movers. 1st target is the monthly R1 pivot and open gap 127.75