Friday, February 01, 2008

Charts reading after several days of break

$INDU: up trend confirmed by both volume and STO. The bottom is on 23 Jan. DJIA closed at 12650.36 yesterday (31 Jan), which is the upper limit that I estimated. If the previous valey on Nov 26 2008 is passed, it should go up to 12925, then 13228.

$SPX: up trend confirmed. Similar with DJIA.

$COMPQ: up trend confirmed, but not as strong as DJIA.

$VIX: going down and approaching EMA(50). Will reach 24 in the following days. Not good for selling options, good for buying options.

$CPC: trend is going down, but yesterday it has been back to 0.95. So people are neutral to the market but over the time they will be bullish.

$USD: going down since 22 Jan.

$XJY: very high, hopefully it will come down to ~92 in the future.

GLD: very high. STO is very high too.

DIA: similar with DJIA, no sign of downward movement. Put option should be closed.

INTC: up trend confirmed. However currently EMA(50) is below EMA(200), which is a medium term bearish signal. The target is to fill the gap at 22.

AAPL: STO has not crossed above 20 yet, but it seems the up trend is there. The resistance is at 150.

XLF: up trend confirmed, reached horizontal resistance at 30. See if it can break EMA(50) and approach EMA(200) with good volume, if yes, the target is 32.

UYG: at resistance ~40. STO crossed above 50. The next target looks like 50.

$NIKK: going up slowly, much slower than estimated. STO is still struggling to cross up 20.

$HSI: going down, different with estimation. Dragged by $SSEC?

$SSEC: going down crazily, target is 3500?

AMD: ready to go down? target is 5.x.

GOOG: ready to go up?

DRYS: strong up trend, next target is 85, then 100.

GRMN: up trend confirmed, target is 80.

VWO: see if it can break resistance of EMA(200)

ILF: up trend confirmed. But it seems being in a down channel.

EWZ: similar with ILF.

FXI: going down.

DBA: STO at the top, should go down.

MOO: unclear.

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