Stocks under $3 (weekly charts)

(Click to enlarge)

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10 day by the hour SOX.X

Back to the S/R line...

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Broker/Dealer Index

The Broker/Dealer Index is comprised of 12 of the most widely known firms in the brokerage sector. It is one of the few indices that is equal-dollar weighted, meaning that each stock accounts for an equal percentage of the index. Therefore, no single firm cannot dominate the index’s value.

Company.........Index Percent
E*Trade Financial---8.9%
Ameritrade Holding---8.9%
Jefferies Group---8.9%
Charles Schwab---8.5%
Lehman Bros.---8.4%
Morgan Stanley---8.3%
Bear Stearns---8.2%
AG Edwards---8.2%
Merrill Lynch---8.1%
Goldman Sachs---8.0%
Raymond James---7.9%
Legg Mason---7.7%

Charts and comments are NEVER INTENDED AS ADVICE

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$VXO

Consolidating with positive divergence...

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Disk Drive Index

Charts and comments are NEVER INTENDED AS ADVICE...

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Semicondutor Index

(click to enlarge)

Thanks for visiting

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Creeping higher in choppy trading

QQQQ in the arms of clenching Bollinger Bands

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Corresponding bond and currency trading resumes on Tuesday

Transports with flats...



Nasdaq 100 bumped up against its rising channel top but dipped back near the close...

Hope you enjoyed the charts and thanks visiting...

The charts or comments are NEVER INTENDED AS ADVICE


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Remember

Strong quick declines can happen.

Good luck with your research..........

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Backtest or false breakout

Computer technology index.........
(Click chart to enlarge)

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Expect light trading on Monday with the Columbus Day holiday

Russell 2000 looks to be at the top of a megaphone.
Can the detail's be found in the oscillator's?


Could the divergencies in the above commoditites chart be suggesting a move higher?

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Is volatility attempting a comeback?

1,2,3 sooner rather than later?

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Housing Index

Weekly chart bear flag...........

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Wag the DOG......

If you think the Dow is due for a correction then this could be the fund for you. DOG is an inverse Dow fund.

Trading is risky.
Dont loose your lunch money...

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Oct 3 (Reuters) - Credit Suisse on Tuesday said it downgraded homebuilder D.R. Horton Inc.

D.R. Horton the nations largest home builder with operations all over the country. This real estate company has also purchased large tracts of land in recent years and Credit Suisse (brokerage) expects land prices to fall back to at least the 03 level.

A breach of $23 would open the possibility of revisiting the chart lows....

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Will there be a new 52 week high for NTAP?

(click chart to enlarge)

Perhap's but ignore the negative divergencies at your own risk..........

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O'Charley's

Large distributions in September....

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SMH (higher volume sells)

Caution is relevant when we see lower volume on the right shoulder notably after higher volume sells...

Trading is risky.
Dont loose your lunch money....

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Distribution in the tech sector

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A look at the DJIA bullish percent index

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$RUT diamond

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Volitility Index

A doji usually precedes a stronger move but doesnt predict direction............

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Volatility Index

A doji usually precedes a stronger move but doesnt predict direction............

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Stocks rally as consumer confidence jumps (Headline news)

But the $SOX had other plans..........

Does a lower high mean a lower low is next...........


Nasdaq bullish percent index is slowing and showing negative divergence.......

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Was that a false breakout of yesterday's diamond formation?

Stocks rally as consumer confidence jumps (Headline News)

But the $SOX had other plans........

A lower high could mean a lower low next........


Nasdaq 100 bullish percent index is slowing and showing negative divergence.........

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Did we see a false breakout on yesterdays speculative diamond formation?

A couple of charts (click to enlarge)

Testing the limits........


Just another crazy diamond... (ending or continuation?)
Here's a clue, flat RSI.......

Trading is risky.
Don't lose your lunch money...

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Just in time for football season

Looks like there was a huge "handoff" to weaker hands?

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Resistance could be too intractable to overcome here...

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Is it possible

An acquaintance of mine showed me a 10 yr monthly chart of the SP500 and suggested that the index rallies over the next few years off what he called the 4 year cycle low.
Since i dont adhere to the 4 year cycle low approach i was a bit surprised by what i saw as a lack of a current cycle low. Based upon the range of the last few cycle lows i plotted what i believe would be a comparable target for the current cycle low.

Is it possible? Sure it is as most things are...

Trading is risky.
Don't loose your lunch money.......

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September Compq "2050"

Target (2050) if small h&s formation does indeed develope....
Why not?

HOT SPOT SPECULATING...........

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$RUT false breakout........

This does suggest that short term major index tops are in place?

Trading is risky.
Don't loose your lunch money...

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Back to test the neckline?

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Wednesday's chart

Trading has risk.
Dont loose your lunch money...........

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$SPX (S&P500)

Is it possible that the current setup will give more or less the same results as we saw in May?
Of course it is...........

Trading has risk.
Dont loose your lunch money...

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Testing Gravity

Consumer Discretionary (XLY)



Top 10 holdings..........
COMCAST
HOME DEPOT INC
LOWES COMPANIES
MCDONALDS
News CI A
STARBUCKS
TARGET
TIME WARNER INC
Viacom, Inc.
WALT DISNEY

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Financials (XLF)

Could there be trouble ahead for financials?
Possible, unless of course... If they can actually attract some cash to hold things up.....

Trading has risk.
Dont lose your lunch money.......

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SMH, May need to test the low end before moving past resistance.......

3 tries and back down?
(imo) If (when) it pulls back and makes a higher low (expected) the next attempt at resistance could be the one that breaks the downtrend channel...........

Trading has many risk.
Dont loose all your lunch money...............

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Transports made a new closing low

Could help push a rally tomorrow from oversold conditions.......

Dont loose all your lunch money.
Trading is risky business...........

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LRCX

Back test failing.
Target low $32.00.
No way advice. For amusement only.................

Metals next to implode?

Weekly $CRB wants a lower low............

Will the bear leave anything unscathed?

Look Familiar?

July 31, 2006



Double (what was the thought at the time) bottom on the Dow before the 1987 crash...........