HOT SPOT CHARTING...

THE BULL SCENARIO..........


S&P 500 weekly chart...


WILSHIRE 5000 weekly chart...


Disclaimer: The contents within this blog site are for leisure purposes only. The content is not intended as an offer or solicitation to buy or sell any securities. Do not use the content to make any investment decisions.

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

(Click charts to enlarge)

NIKKEI...


SEOUL...


CAC, Large megaphone formation that could produce a 15% decline...


DAX, Potentially bearish rising wedge...


SPAIN GENERAL INDEX,
Potentially bearish rising wedge...


QQQQ, Weekly chart...

Targets are based upon textbook chart formations.
They are not necessarily my opinion. It is also important to contemplate that targets getting hit do not in itself curtail any additional advance or decline...

Charts and comments are NEVER INTENDED AS ADVICE...



Thanks for visiting...

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

(Click charts to enlarge)

DOW JONES WORLD STOCK INDEX.
Weekly chart...


NIKKEI, Potential diamond top pattern...


HANG SENG, Potential triple top pattern.
Potential target if triple top plays out...


NASDAQ COMPOSITE.
Lower on increasing volume...

Tomorrow we get options expiration.....


Good luck trading...

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

China's Economy Surges at Faster-Than-Forecast 11.1% (Bloomberg)

"Growth accelerated from 10.4 percent in the previous quarter, the statistics bureau said in Beijing today. China's benchmark stock index fell 4.7 percent before the release, triggering declines in Asian and European shares, on speculation borrowing costs will rise."
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayl1SIwvQT7o&refer=home

Volatile gold markets demand nerves of steel (MarketWatch)

Even gung-ho pros are wary of taking too much of a shine to precious metals.
http://www.marketwatch.com/news/story/gold-shines-investors-risky-play/story.aspx?guid=%7BCA9DD1B3%2D2E03%2D47DD%2D8479%2DE168603C15B5%7D

Visit http://stockcharts.com/index.html & http://bigcharts.marketwatch.com/ for great charts and commentary..........


Thanks for visiting...

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

QID ProShares Ultra Short.
Were the last weak hands shaken out today....


Volatility Index NASDAQ 100.
Potential diamond reversal bottom.....

"Wall Street never changes, the pockets change, the suckers change,
but Wall Street never changes, because human nature never changes."

~Jesse Livermore




Thanks for visiting...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

(Click charts to enlarge)



NASDAQ COMPOSITE, Three candle formation.
Potential bearish reversal pattern...


NYSE, Megaphone pattern...


HANG SENG....





Charts and comments are NEVER INTENDED AS ADVICE...


Good luck trading...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

Vonage Says That It May Face Bankruptcy (Reuters)
http://www.nytimes.com/2007/04/18/technology/18vonage.html?_r=1&ref=business&oref=slogin

Crude Oil Falls After U.S. Refineries Increase Gasoline Output (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601012&sid=amC7NolaOB3Q&refer=commodities

Motorola Posts First-Quarter Loss After Price Cuts (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601087&sid=acW1rXTNCuec&refer=home

Dollar slides to 26-year low against pound (MarketWatch)
http://www.marketwatch.com/news/story/dollar-hits-26-year-low-vs/story.aspx?guid=%7B938DAA61%2D58D9%2D4DF6%2D960A%2D7D27C5B727A4%7D


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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

NASDAQ 100 HIGH LOW INDEX.
50/200 moving averages with the COMPQ.
QQQQ in lower box......


Thanks for visiting...

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

QID, ProShares ultra short QQQ.
Last two candlesticks made a Bullish (Doji) Star Pattern.
Potential reversal pattern needs confirmation...


ProShares Ultra Short Mid Cap 400.
The last two candlesticks made a Bullish Harami Pattern
Potential reversal pattern needs confirmation...

Charts and comments are NEVER INTENDED AS ADVICE...

"Don't expect to squeeze all the juice from the orange"

~Author unknown

Keeping an eye on the Hong Kong Hang Seng...........

Thanks for visiting...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

(Click charts to enlarge)

NASDAQ COMPOSITE.
Another distribution day...


RUSSELL 2000 iSHARES.
Another distribution day...


HANG SENG, Completed loose 100% retrace.
Where to now.........


Good luck trading...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

Mortgage defaults in California near decade high (Reuters)
http://today.reuters.com/news/articlenews.aspx?type=domesticNews&storyid=2007-04-16T185500Z_01_N16324449_RTRUKOC_0_US-USA-SUBPRIME-CALIFORNIADEFAULTS.xml&src=rss&rpc=22

U.S. Foreclosures Double as Refinancing Gets Tougher (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601103&sid=aUih6TnKypEg&refer=us

U.K. Inflation Unexpectedly Accelerates to 3.1% (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJdMzVTtfYEQ&refer=worldwide



Thanks for visiting...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

(Click charts to enlarge)

RUSSELL 2000....


S&P 500, Stocks above 50 day moving average...


NASDAQ 100 Buywrite Index-CBOE.

The CBOE NASDAQ-100 BuyWrite IndexSM is a benchmark index that measures the performance of a theoretical portfolio that sells NASDAQ-100 Index call options, against a portfolio of the stocks included in the NASDAQ-100 Index.


Thanks for visiting...

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

TICKQ............

Charts and comments are NEVER INTENDED AS ADVICE...

Thanks for visiting...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

QID..........




Good luck trading...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

$SOX, Tight flag could produce a strong spike in either direction...






Thanks for visiting...

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The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

(Click charts to enlarge)

NASDAQ....


NASDAQ, Potential head & shoulders pattern...

Charts and comments are NEVER INTENDED AS ADVICE...

Thanks for visiting...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com