Blog Detail
Charts and Coffee
http://chartsandcoffee.blogspot.com
Stock trading ideas using technical analysis
- Added on: May 30th, 2009
- Country: United States
- Language: English
- Author: chartsandcoffee
- Listed in: Stocks & Bonds Investing
- Tags: stocks Trading charts technical analysis breakdown breakout
Recent Posts
UNG Bottom
UNG might be making a bottom. It is trading at resistance below its long term trendline, 50 DMA and 89 DMA. If UNG can take out approximately the $10.75 area, I would be comfortable calling a bottom. I would not jump the potential breakout because t...
TARP Portfolio
Last week I posted to watch and see whether the TARP payment by Citigroup might be a market catalyst. This morning, Wells also announced that they were going to repay the TARP money. The market appears to be opening soft today and I am looking to p...
Added Exxon (XOM)
XOM is down 4.26% in reaction to its acquisition of XTO. The stock is trading down to its 200 day SMA and I like the idea of buying a position here. It is similar to XLU and SO in that I believe it is a good retirement account position. The stock is...
Sunday Night Coffee – 12/13/2009
The red box in the SPY chart above shows the rectangle the market is currently trapped in (approximately $107.50-$112.50). Eventually, this rectangle will break in one direction or the other. However, I personally do not want to make an anticipatory...
SGG, XLU, FAA
SGG, XLU and FAA are a few securities making technical moves higher today. It is 3:45 ET and the market has not broken out of its overnight range. We did get a nice little breakout on Sugar (SGG) today. Utilities, which have generally u...
Gold Breaking Down
Strong USD contains the market today. A break of the 89-day SMA will confirm the breakout of the 50-day SMA. Let’s see if my prediction of sideways action in USD similar to March-August 2008 comes into play instead of a sharp reversal as many pred...
