Tuesday, March 26, 2013

AAPL + Emini S&P and Goldman Sachs

AAPL: The breakout got rejected on first try at the Major Resistance of 470, that's common. We held the 462-460 region pullback so there's still strength for more upside. (Just like how we held the $448 support, we made a base there to go higher) Now, it must continue to hold support in order reach the targets.




ES: Pullback didn't hold, we're now back to the chopfest range where intraday trades shine.


Goldman Sachs: It made a lower low, maintaining same plan with an added invalid price signal if countertrends.








Monday, March 25, 2013

AAPL + Emini S&P and Goldman Sachs

AAPL: We're in the breakout phase, any pullbacks must hold the 462-460 area. Stay nimble. Next Major Resistances are 470-472(diagonal trendline), and the 485 region.



ES: Breakout phase too, must hold support when retesting


Goldman Sachs: Same targets, we need to trigger below 146 again



Friday, March 22, 2013

AAPL + Emini S&P and Goldman Sachs

AAPL: Maintaining same plan. Patience is very important. If it can close above 448 again tomorrow, then Monday March 25th it has a good chance for true breakout to the upside.




Emini S&P Futures: Same horizontal channel.


Goldman Sachs: Bearish setup worked, market was weak during intraday and GS managed to break below the support. See charts for targets.



Thursday, March 21, 2013

AAPL + Emini S&P and Goldman Sachs

AAPL: Short term is bullish, intermediate term is neutral. We're waiting patiently for price confirmation, maintaining the same plan. See charts:




Emini S&P: Waiting for price confirmation again.


Goldman Sachs: Still looking like a weak stock if market starts rolls over, it's gonna have a fun ride down








Wednesday, March 20, 2013

AAPL + Emini S&P, GOOG and GS

AAPL: We got the intraday reversal as expected and the bulls managed to close above $448 consecutively for two days straight. Now, it is the time to wait for final price confirmation on intermediate trades. See charts:





E-mini S&P Futures: Same thesis, choppy market until Fed. Waiting for price confirmation.



GOOG: Risk off, too choppy action and closed below 20EMA hourly. Waiting for better signals/price confirmations



GS: If market tanks, this stock has a nice bearish setup. We're keeping a close key on this baby




Edit 8:58AM, added second GS chart

Tuesday, March 19, 2013

AAPL + Emini S&P and GOOG

AAPL: Bulls managed to close it above $448, we need one more close above it as discussed yesterday in order to confirm the intermediate trend change. Hourly RSI and MACD are close to an Extreme Overbought Signal, so if we gap up tomorrow then it's a high probability trade for an intraday reversal. We should get the answer to the intermediate swing setup in the next few sessions. See charts:





Emini S&P:   We got the oversold bounce, now we wait for clear direction. Intermediate term is still bullish, but just a potential top in the forming.



GOOG: Buy the dip area is here



Monday, March 18, 2013

AAPL + Emini S&P and GOOG

AAPL: Key time for both bulls and bears since we're near an intermediate trend change awaiting for price confirmation. If bulls do not break 448, then it is merely just a bull trap and the intermediate trend stays the same.




E-mini S&P 500: Market formed a top for now, see chart for next major supports


GOOG: Waiting to see the action when GOOG reaches near the $806 support, possibly to buy the pullback



Friday, March 15, 2013

AAPL + Dow Jones, SPY Technical Analysis

AAPL: Third time at the 438-439 resistance region, we could be setting up for a breakout today or Monday. Note, today is monthly opex so we're not expecting much. Stay nimble. See charts:



Dow Jones: Might form a temporary top these two days or at least an intraday reversal again


SPY: Might form a temporary top these two days or at least an intraday reversal again. Note 157.52 is the 6 years high for SPY. That's the only major price resistance left. Stay nimble.


Thursday, March 14, 2013

AAPL + Dow Jones, SPY and NFLX Technical Analysis

AAPL: Short term bulls held the support area in the morning then bounced back to resistance. We are still in a sideways pattern so stay nimble in order to prevent being trapped. Intermediate term is still bearish, want to see a break below 419 next week after monthly opex. Also, a little chart guide on how we viewed the intraday tape, the fake breakout was funny.



Dow Jones: Still inside bullish channels


SPY: Made new highs, relatively easy to trade channel for intraday. Buying the dips and selling the rips until it doesn't work.


NFLX: It was a perfect clean breakout with the morning gap up. Admirable intermediate bull trend chart. It would be an easy squeeze to $200 when it takes out the 198.37 high. Grind baby grind.



Wednesday, March 13, 2013

AAPL + Dow Jones, SPY and NFLX Technical Analysis

AAPL: Short term bulls showed no continuation which means intermediate bears are still enjoying the ride. It was a relatively easy day for intraday trading as we hit resistance in the morning and reversed quickly. Stay nimble and don't get trapped in sideways action by using tight stops for good risk vs reward. See charts:



Dow Jones: Price confirmed our Extreme Overbought Signal intraday reversal signal in the morning. Intermediate term is still bullish since we got a healthy reversal.



SPY: Price confirmed our Extreme Overbought Signal intraday reversal signal in the morning. Intermediate term is still bullish since we got a healthy reversal.




NFLX: Waiting for a breakout, would be an easy trade once it breaks.