Up,down or sideways? Review the charts for any clues that may help you with your own research. Thinking for yourself can be a pleasure and developing and applying strategic stock market research skills could give you the edge...
Thursday, December 14, 2006
Options Expiration Friday
NYSE Composite Index...
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00K
The email address is provided only as a courtesy to those readers who want to express their comments...
EMAIL- hotspotcharting-ook@yahoo.com
Wednesday, December 13, 2006
HOT SPOT CHARTING...
Tuesday, December 12, 2006
SEMI'S
(Click charts to enlarge)
SMH, In a heavy congestion area...
SOX, Potential short term double bottom...
Short term semi's could go either way from here.
Confirmation of direction is needed...
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
SMH, In a heavy congestion area...
SOX, Potential short term double bottom...
Short term semi's could go either way from here.
Confirmation of direction is needed...
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
Monday, December 11, 2006
Upwards thrust prior to options expiration?
Thursday, December 07, 2006
HOT SPOT CHARTING...
(Click charts to enlarge)
Bank Index,
Top of channel...
Broker Dealer Index,
Has the downtrend commenced?
SP500 Energy Industry Group,
A large component of the SP500...
HITK,
Potential double bottom...
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
Bank Index,
Top of channel...
Broker Dealer Index,
Has the downtrend commenced?
SP500 Energy Industry Group,
A large component of the SP500...
HITK,
Potential double bottom...
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
Wednesday, December 06, 2006
HOT SPOT CHARTING...
(Click charts to enlarge)
DJ Europe Tech Index...
Gap is closed.
Runs much like the Compq as seen below...
VIX, Pennant formation & MACD rising above the zero line...
Could it be deja vu?
DJ Europe Tech Index...
Gap is closed.
Runs much like the Compq as seen below...
VIX, Pennant formation & MACD rising above the zero line...
Could it be deja vu?
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
00K
The email address is provided only as a courtesy to those readers who want to express their comments...
EMAIL- hotspotcharting-ook@yahoo.com
Tuesday, December 05, 2006
CAUTION...
(Click any chart to enlarge)
Nasdaq Comp, Bearish Doji star pattern.
Needs confirmation...
Disk Drive Index.
Potential ending wedge pattern plus overhead resistance...
Nasdaq Buywrite Index, Bearish Doji star pattern.
Needs confirmation...
Nasdaq 100 Tech Sector Index,
Potential bear flag...
The Nov. 30th SP500 Target was made today (1415)...
Charts and comments are NEVER INTENDED AS ADVICE...
Nasdaq Comp, Bearish Doji star pattern.
Needs confirmation...
Disk Drive Index.
Potential ending wedge pattern plus overhead resistance...
Nasdaq Buywrite Index, Bearish Doji star pattern.
Needs confirmation...
Nasdaq 100 Tech Sector Index,
Potential bear flag...
The Nov. 30th SP500 Target was made today (1415)...
Charts and comments are NEVER INTENDED AS ADVICE...
There's a fine line between eccentrics and geniuses. If your a little ahead of your time your an eccentric, and if your a little too late, your a failure, but if you hit it right on the head, your a genius...
"Thomas J. Watson Jr. founder of IBM"
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
Monday, December 04, 2006
HOT SPOT CHARTING
(Click any chart to enlarge)
S&P Tech Sector Bullish Percent Index...
Nasdaq 100 Buywrite Index - CBOE.
Loss of direction...
Nasdaq Volume Declining.
Channeling...
Nasdaq 100 Tech Sector Index.
Back testing...
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
S&P Tech Sector Bullish Percent Index...
Nasdaq 100 Buywrite Index - CBOE.
Loss of direction...
Nasdaq Volume Declining.
Channeling...
Nasdaq 100 Tech Sector Index.
Back testing...
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
Sunday, December 03, 2006
HOT SPOT CHARTING
(Click charts to enlarge)
S&P 100, High-Low Index.
MACD crossing under but not yet confirmed.
Note false cross under Jan, Feb 06 (weekly chart)...
S&P 500, H-L Index update (weekly chart).
Watching for a MACD cross under...
Falling wedge and gap.
Could filling the gap be a setup for going long?
Charts and comments are NEVER INTENDED AS ADVICE...
Falling Wedge:
Technically speaking, a falling wedge in a downtrend is a decline to a new low on strong volume, several weeks of range-bound trade characterized by lower lows and lower highs with contracting volume, followed by a sharp break higher on strong volume. It is important to note, unlike all other chart patterns, valid falling wedge patterns can be either continuation or reversal patterns.
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
S&P 100, High-Low Index.
MACD crossing under but not yet confirmed.
Note false cross under Jan, Feb 06 (weekly chart)...
S&P 500, H-L Index update (weekly chart).
Watching for a MACD cross under...
Falling wedge and gap.
Could filling the gap be a setup for going long?
Charts and comments are NEVER INTENDED AS ADVICE...
Falling Wedge:
Technically speaking, a falling wedge in a downtrend is a decline to a new low on strong volume, several weeks of range-bound trade characterized by lower lows and lower highs with contracting volume, followed by a sharp break higher on strong volume. It is important to note, unlike all other chart patterns, valid falling wedge patterns can be either continuation or reversal patterns.
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
Thursday, November 30, 2006
Motor Homes
(Source Reuters News)
Retail sales of motor homes have fallen for 19 consecutive months as higher interest rates and gas prices and a slowdown in housing have weighed on consumer confidence.
Further deterioration is seen for 2007, when shipments of motor homes and campers are expected to drop more than 11 percent, according to the latest forecast from the Recreation Vehicle Industry Association (RVIA).
(Click charts to enlarge)
Fleetwood Enterprises...
Still struggling after a hard decline...
Winnebago...
Potential triple top...
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
Retail sales of motor homes have fallen for 19 consecutive months as higher interest rates and gas prices and a slowdown in housing have weighed on consumer confidence.
Further deterioration is seen for 2007, when shipments of motor homes and campers are expected to drop more than 11 percent, according to the latest forecast from the Recreation Vehicle Industry Association (RVIA).
(Click charts to enlarge)
Fleetwood Enterprises...
Still struggling after a hard decline...
Winnebago...
Potential triple top...
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
Thinking Short?
Weekly SP500 High-Low Index...
For conservative short sellers the optimum time to sell short
the S&P 500/SPY(s&p 500 SPDR's) could be when the MACD crosses under...
We will track this chart daily after the close until we get a MACD cross under...
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
Wednesday, November 29, 2006
HOT SPOT CHARTING...
(Click charts to enlarge)
Nasdaq Issues Declining.
At recent support. Could move upwards thursday...
Nasdaq Issues Advancing.
At recent resistance. Could move lower thursday...
Nasdaq 100 Tech Index.
Potential bearish reversal pattern with a downside breakout.
Could nail the end of the recent tech bull run...
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
Nasdaq Issues Declining.
At recent support. Could move upwards thursday...
Nasdaq Issues Advancing.
At recent resistance. Could move lower thursday...
Nasdaq 100 Tech Index.
Potential bearish reversal pattern with a downside breakout.
Could nail the end of the recent tech bull run...
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
Tuesday, November 28, 2006
DJ Asia/Pacific Indexes
HOT SPOT CHARTING
Monday, November 27, 2006
HOT SPOT CHARTING...
(Click charts to enlarge)
NYSE A/D, We could see an advance on tuesday...
Nasdaq A/D, We could see an advance on tuesday...
Bank Index as posted Nov. 13th with first target...
The Bank Index as charted Nov. 13th closed within the target...
Charts and comments are NEVER INTENDED AS ADVICE...
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
Thanks for visiting...
00K
The email address is offered only as a courtesy to those readers who want to express their comments...
EMAIL- hotspotcharting-ook@yahoo.com
NYSE A/D, We could see an advance on tuesday...
Nasdaq A/D, We could see an advance on tuesday...
Bank Index as posted Nov. 13th with first target...
The Bank Index as charted Nov. 13th closed within the target...
Charts and comments are NEVER INTENDED AS ADVICE...
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
"Jesse Livermore"
Thanks for visiting...
00K
The email address is offered only as a courtesy to those readers who want to express their comments...
EMAIL- hotspotcharting-ook@yahoo.com
Sunday, November 26, 2006
NASDAQ MAKE or BREAK!
(Click charts to enlarge)
Nasdaq, now up against the long term trendline.
Currently making it's fourth attempt at this long term resistance and with the stoch's overbought any breach could be considered suspect...
SP500, weekly chart with Doji.
Bearish candlestick pattern.
Potential change of direction. Confirmation needed...
Thanks for visiting...
00K
The email address is offered only as a courtesy to those readers who want to express their comments...
EMAIL- hotspotcharting-ook@yahoo.com
Nasdaq, now up against the long term trendline.
Currently making it's fourth attempt at this long term resistance and with the stoch's overbought any breach could be considered suspect...
SP500, weekly chart with Doji.
Bearish candlestick pattern.
Potential change of direction. Confirmation needed...
Thanks for visiting...
00K
The email address is offered only as a courtesy to those readers who want to express their comments...
EMAIL- hotspotcharting-ook@yahoo.com
Thursday, November 23, 2006
RUSSELL 2000
Russell 2000, as posted on Nov. 10th.
At the time we said "Possible diamond top pattern.
Watch for a possible false breakout prior to a decline."
Russell 2000, as posted on Nov. 14th.
At the time we said "The Russell 2000 did breakout into the rectangle as suggested. We will have to see if it is indeed a false breakout prior to a decline as described in the above Nov 10th chart. However the QQQQ target area is close but has not yet been met. Therefore additional upside remains in the Russell."
Russell 2000, at the close Nov. 22nd.
With the QQQQ now within the target area we will be
looking for a reversal in the Russell 2000 to comfirm
a false breakout...
(Confirmation is needed)
Charts and comments are NEVER INTENDED AS ADVICE...
Thanks for visiting...
00K
The email address is offered only as a courtesy to those readers who want to express their comments...
EMAIL- hotspotcharting-ook@yahoo.com
QQQQ TARGET HIT
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