Tuesday, December 19, 2006

ARCH COAL



OR SHALL I SAY, IF THIS IS A BOTTOM AT ALL...ITS A W BOTTOM PRETTY TEXTBOOK...I'M USING DICK ARMS EQUIVOLUME FROM STOCKCHARTS.COM...




IS THIS A REVERSE HEAD AND SHOULDERS BOTTOM OR A V BOTTOM????

Wednesday, December 13, 2006

S+P BREAKS OUT








Sources:

http://www.stockcharts.com
http://www.tdameritrade.com

JBLU - Jet Blue




Came off the bottom in the recent airline stock resurgence so the sector is very strong...came out of the base with a high volume pop and has been consolidating...goood chance to go higher....

Wednesday, November 15, 2006

SLW - Silver Wheaton




Well, this SILVER play is up from 7.95 to a high of 12.08 today in just 6 weeks...
...that is over 50% in less than two months

All I can say is LIQUIDITY...

Sunday, October 29, 2006

BERKSHIRE HATHAWAY - CLASS B




Since my post back a couple months BRK/B has taken off...It rode resistance turned support after consolidating its '03 gains for over a two year symmetrical triangle...Broke through the 3200 level after some effort and has used the recent upswing in the markets plus some recent good press citing Berkshire Hathaway as "still undervalued"....

Hold chill out then move higher...

Saturday, October 28, 2006

THE HIP HUGGER



I found this charts key feature serendipitously as often happens. We all know that the major indices have been up huge in the past two months...However the recent straight up movement has occurred in unusual fashion, in that price is usually steadily trending above support in these kinds of strong moves...her, ,it is what I call "hugging" resistance...meaning it broke below its original support line as it made its first big breakout from the second leg of the double bottom in the 10,700 area...but instead of continuing down it tenaciously began to ride the former support turned resistance...ALL THE WAY TO DOW 12,000...

Last week however the action just seemed to be getting sloppy meaning...the DJIA was having trouble going higher, that is after Monday's advance...I came up with this chart late afternoon Thursday and low and behold Friday we got the weak GDP number and the market get this actually went down...We'll see what occurs as we go forward...

SINGER OUT

Tuesday, September 26, 2006

NEWMONT MINING - NEM



MOUTH WATERING HERE...BROKE OUT FROM 42 LAST YEAR AND TOUCHED THAT LEVEL YESTERDAY...

Monday, September 04, 2006

MACRO INDICES AND COMMODITIES

NASDAQ COMPOSITE



COMEX GOLD



S+P 500




DOW JONES INDUSTRIAL




COMEX SILVER



WEST TEXAS INTERMEDIATE CRUDE

Sunday, August 27, 2006

CHESEPEAKE ENERGY




BROKE OUT OF TRIANGLE THEN PULLED BACK TO RESISTENCE TURNED SUPPORT BEFORE PUSHING OFF THE LINE ....HURRICANES AND GOOD TECHNICALS SHOULD EQUAL GAINS...

Wednesday, August 23, 2006

BERKSHIRE HATHAWAY - CLASS B



COMING OFF A BREAKOUT THROUGH THE TOP OF A LONG TERM SYMMETRICAL TRIANGLE RODE ALONG RESISTENCE TURNED SUPPORT AND THEN ENERGETICALLY MOVED HIGHER TO CHALLENGE THE 3190's ...PAUSING HERE AS EXPECTED AND WE"RE LOOKING FOR A MOVE INTO THE 3200's....

Tuesday, August 08, 2006

IYR - REIT ETF



failed to take out old high making the double top...showing divergences...losing institutional support
way overdue for a decline

Saturday, July 29, 2006

TICKERS FOR 07.29.06

DOW-DOW CHEMICAL
CHK-CHESEPEAKE ENERGY
NWS-NEWS CORP
TRAD-TRADESTATION
NGPS- NOVATEL
JBHT-JB HUNT
GRMN-GARMIN

----------------------------------------------------

DOW-DOW CHEMICAL



DOWN FROM A HIGH AROUND 54 ...CRASHED HARD THIS WEEK AFTER REPORTING EARNINGS SAYING FUEL COSTS EATING AWAY AT PROFITS AND THEYN WON'T MAKE FY'06 GUIDANCE..IT'S YIELD HAD HIT 4.00%..WILL WE SEE NEAR TERM BOUNCE???

-------------------------------------------------

CHK-CHESEPEAKE ENERGY



BEEN BUILDING AN AWESOME TRIANGLE CONSOLIDATION PATTERN SINCE ITS HIGH ZROUND 40...BEEN STRONG THIS WEEK...NAT GAS IS TURNING AROUND HERE...LET'S SEE IF WE CAN GET A SUSTAINED BREAKOUT BACK TO TEST THE OLD HIGHS...

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NWS-NEWS CORP



UP BIG SINCE BOTTMING OUT AROUND 14.50...HAS CONSOLIDATED UP HERE AND WE'LL SEE HOW LONG THAT LASTS AND LOOK FOR ANOTHER MOVE UP...

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TRAD-TRADESTATION



UP FROM 4 A WHILE AGO MADE A BIG UPSIDE MOVE AND PULLED BACK IN A NICE CONSOLIDATION TRYING TO BREAKOUT HERE...

-------------------------------------------------

NGPS- NOVATEL



UP 15% THIS WEEK HOWEVER I DON'T REALLY LIKE THE ACTION AFTER ITS BREAKOUT THROUGH THE TRIANGLE AS LONG AS IT STAYS ABOVE ITS 20 DAY EMA ITA OK...WE'LL SEE IF IT TESTS THE OLD HIGH OR MOVES DOWN...

-------------------------------------------------

JBHT-JB HUNT



MADE ATRIPLE TOP RECENTLY AFTER A BIG MOVE UP DURING THE RECENT TRANSPORT BULL MOVE..PULLED BACK TO THE 61.8% FIB LINE ON THE RECENT WEAKNESS

-------------------------------------------------

GRMN-GARMIN



TOPPED OUT AROUND 110 AFTER BREAKING OUT OVE THE OLD HIGH AT 101...BACK DOWN TO THE LOW 90'S...

-------------------------------------------------

Sunday, July 16, 2006

TICKERS FOR 07.17.06

CXW-CORRECTIONS CORP
PZZA-PAPA JOHN'S
KSS- KOHL'S
GSF-GLOBAL SANTA FE
DNB-DUNN BRADSTREET
ECLP-ECLIPSYS
$TA-25-TEL AVIV 25

---------------------------------------

CXW-CORRECTIONS CORP




---------------------------------------

PZZA-PAPA JOHN'S



---------------------------------------

KSS-KOHL'S




---------------------------------------

DNB-DUNN AND BRADSTREET



---------------------------------------

ECLIPSYS-ECLP



---------------------------------------

$TA-25-TEL AVIV 25



---------------------------------------

GSF-GLOBAL SANTA FE

Friday, July 14, 2006

TICKERS FOR 07.14.06

BEAZER HOMES-BZH



BEST BUY-BBY




$INDU- DJ INDUSTRIALS




$SPX- S+P 500




$COMPQ- NASDAQ COMPOSITE

Tuesday, July 11, 2006

RI-Ruby Tuesday



down heavy recently...high short interest...not bad fundamentals except for debt...held at support

let's see how earnings play out...could see a pop?? or not....

Sunday, July 09, 2006

TICKER SYMBOLS FOR 07.10.06

GTW-Gateway
KBX-Kimber Resources
DO-Diamond Offshore
PDC-Pioneer Drilling
BABY-Natus Healthcare
BSX-Boston Scientific

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DO-Diamond Offshore



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KBX-Kimber Resources



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PDC-Pioneer Drilling



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BABY-Natus Healthcare



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GTW-Gateway



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BSX-Boston Scientific