Written by Lawrence
on November 30, 2009
Every week we present an analysis of the previous week's market action as depicted by SPY (the index tracking ETF for the Standard and Poor's 500 index) and our outlook for the coming week.
In the past holiday-shortened week, news of debt concerns in Dubai led to painful sell-offs in many stock markets in the US, Europe and Asia. SPY printed a new yearly high on Wed (25 Nov) but closed shar...
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Written by Sidney
on November 24, 2009
The price of gold has had a massive run-up of approximately 74% since bottoming out in Oct 2008. This run-up was due to many reasons, from the decline of the dollar to inflation fears. We first highlighted the potential of this precious metal on our Sep 4 post, but if you had not initiated a long position then using the Gold ETF (GLD), is it too late to buy now?
From the log chart of GLD be...
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Written by Lawrence
on November 13, 2009
It was a day of bleeding for the general stock market yesterday with significant losses across many sectors. Here, we highlight a short side play for short term traders who wish to capitalize the possible correction in the stock market over the few days to weeks. The small caps ETF (IWM) has been under-performing the larger cap ETFs (QQQQ, SPY etc) for some time and is now offering a low risk-rewa...
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Written by Sidney
on November 10, 2009
This is a follow-up on my earlier post on Amazon.com (AMZN) on Oct 31, 2009. Stocks of AMZN had broken out of its pennant formation 2 trading sessions ago on increased volume and is now hovering around all-time highs, triggering a buy signal.
AMZN bought today at $127.84, and added to our portfolio!...
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Written by Taurus
on November 10, 2009
Here is a stock technical analysis on one of the biggest IT company dealing with development, manufacturing, marketing, sales, and support of computer systems and services worldwide - DELL Inc. (DELL).
[caption id="attachment_1353" align="aligncenter" width="600" caption="Stock Technical Analysis: DELL"][/caption]
DELL has been trending up steadily since March this year, and is currently abo...
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Written by Lawrence
on November 8, 2009
It was a clear win for the bulls over the past week as the market rocketed more than 3% after a shaky start on Monday. But was it really a win for the bulls? In this weekly update on the S&P 500 index (as depicted by SPY), we will examine the technical action that took place in the previous week and discuss the possible trade setups going forward.
As shown in the daily chart above, SPY ...
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Written by Taurus
on November 2, 2009
Hello guys, what a week it has been! It was a pretty bearish week, with the S&P 500 breaking a few supports along the way. Is it time to sell yet? Let's take a closer look!
[caption id="attachment_1344" align="aligncenter" width="600" caption="ETF Market Trends: S&P 500"][/caption]
The S&P 500 has been whipping around the 50-MA for the last couple of days. This 50-MA has been a s...
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