Sunday, January 27, 2008

Daily charts reading for the last week

0. Holdings of stocks and options

UYG: STO still goes up, vol down. Trend is likely down.

AAPL: all indicators are going down.

INTC: volume is down, STO is crossing up 20. Bearish.

DPTR: volume seems being up, STO is down. Direction is not clear but likely going down.

COF: STO is up, but the up trend of volume is broken. Touched EMA(50) which is a resistance. Will likely go down.

PHM: Strong up trend is likely over and a correction will likely come soon although both STO (which is above 80) and volume are still up.

AMD: candlestick chart is bearish. STO and volume are up. There might be a minor correction but the overall trend is up.

LCC: candlestick pattern is bearish, volume is down. But it hasn't touched EMA(50) yet, so a upward move is still possible although the trend is down.

VIP: it has touched the resistance at 35 and goes down. The volume is down, and the next target is 30-.

1. Financial

C: volume is down, STO is up, a small correction is coming.

JPM: obvious down pattern, the next target is 40+.

MS: volume is down, STO is likely turning south. The next target is 47.5-.

GS: down to 180.

BAC: volume is down. There must be a small correction.

AXP: same as all others.

2. Technology

IBM: STO is crossing above 50, but volume is down. It might go to 110 which is a resistance, but the trend of upward is weak. EMA(50) and EMA(200) is crossing, so the overall trend is down.

MSFT: volume is down strongly, but STO is still up crossing 20. It will likely go down to 32 first.

INTC: upward trend is very weak, it might go back to 18+ again.

GOOG: volume is down, STO hasn't really crossed 20 yet, so the overall trend is down. The rebounce failed to reach 38.2% at 606.67. So it will go back and the next target is 520.

AMZN: volume is down, STO is up, failed to break 77.5 resistance. Will go down to 70.

BIDU: now it's at the support level of 300. The volume is down, STO is up crossing 20. If it starts to go down < 300, it will go back to 225-.

EBAY: failed to make upward breakthrough, will go down. This stock has no value to do either long call or put.

HPQ: failed to break resistance at 46. Will go down further at least to 43-. This stock has no value either.

ORCL: trend is down. The next two support levels are 19.5 and 19-. This stock has little value.

NOK: it had strong upward trend but the trend seems being broken by the last trading day's down movement. Signals are unclear. I guess EMA(50) will likely act as a resistance in the near future.

T: it has going down from the previous support level of 36. The next target will be 33+.

RIMM: upward trend is weak, it will likely go back to 80. Medium term trend is down.

3. Resource

ABX: going up!

TC: unclear.

X: not very clear, looks like going up.

RIO: mixed signal. The resistance is at ~30. Likely go down.

FCX: medium trend is down, but in the short term it will go up.

AUY: weak up trend.

GG: at the top. Already reached the resistance at 40 and going down. Volume is down but STO is still going up towards 80. It should have a small correction.

XOM: Now it's at the support level of 84. Trend is not clear but it might go down.

4. Transportation

DRYS: it's going up, but the trend is weak. Big trend is down.

FDX: both STO and volume is up, but it has reached the resistance of EMA(50). It should go down to 80-.

UPS: volume is down, STO is up, will likely go down if not rebounce at 70.

5. Industry

BA: it got stuck between 75-80, but it seems going down.

GM: STO is crossing above 50, volume is up, candlestick pattern shows undetermined direction. It will likely go up.

DD: STO up, volume down. Medium trend is obviously down. It will go down to 41.

MMM: volume is down, STO is up but likely turn around. Overall trend is down. Will likely go down.

GRMN: EMA(200) and EMA(5) is about to cross each other. So the long term trend is down. It should go down further.

6. Medical

JNJ: all indicators are down. Next support 61.5.

TEVA: same as above. Next support is 44-.

7. Food, consumers

MCD: both STO and volume are up. It will likely go up, but the trend is weak.

DIS: big trend is down. It will go down further.

PG: volume is down. STO will turn around. Will go down to 64 first.

KO: previously it touched EMA(200) and went up, now it might go down but the trend is weak.

WMT: big and obvious down trend, next target is 45+.

8. ETF

VWO: weak trend of going down.

EWZ: both STO and volume are up. It will likely go up to 80. Overall trend is down. Shouldn't long it.

ILF: trend is down. STO should turn south shortly.

FXI: at best it can go up to 165 then go down. Trend is down.

XLE: unclear. Will likely go up a little bit.

XLB: unclear.

GDX: all indicators are up, but it should be at the top soon and then have a correction.

DBA: still going up slowly. It hasn't had a big correction yet, but from the red volume bars it seems a big correction is due.

MOO: it has touched the support at 42 and been going up. STO and volumes show it will still go up.

No comments: