sensilively

XOM – critical juncture

llman — Tue, 01 Jan 2013 06:15:42 +0000

A weekly view :
– At the horizontal support level
– At the uptrend support level
– Head and shoulders pattern

Wait for entries and see how it unfolds

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XOM – waiting, waiting

llman — Mon, 19 Mar 2012 20:17:43 +0000

A weekly chart of XOM.
A clear resistance line at the highs of 2011 and 2012, tested already numerous times without really breaking it. Get ready to hop on this ride if it moves up
screen shot 2012 03 19 at 21 13 57

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PG testing the super resistance again

llman — Thu, 23 Feb 2012 18:45:06 +0000

PG is currently testing a massive resistance level.
A look at the weekly chart shows a massive ascending triangle. If that one breaks, put in some money and look back after a year
screen shot 2012 02 23 at 19 41 32

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A view on the energy sector

llman — Wed, 22 Feb 2012 07:45:50 +0000

A look at the energy sector. Oil prices are rising, on tension on Iran, and on the economic recovery. What do have to play with ?

XLE (daily view)
– The ascending triangle is broken, retested and up again. Strong pattern –
screen shot 2012 02 22 at 08 24 17

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CVX (Weekly view)
– Ascending triangle, a few fake moves in the past. This one is for real ?
screen shot 2012 02 22 at 08 26 28

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HAL (weekly view):
– Has still a lot of room to the upside, before breaking previous highs. A breakout of the triangle to the upside is to be watched.
screen shot 2012 02 22 at 08 27 58

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USO (weekly view)
– An inverse head and shoulders pattern is being played out. If it persists, the measured move upwards would be 10 (neckline 40 minus low of head 30) and the target price is 50
screen shot 2012 02 22 at 08 28 56

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XOM (weekly view)
– An inverse head and shoulders setup
– At all time highs. See the second chart, from 1996-2012.
– Is XOM regaining from Apple the status of largest company in the world again ?
screen shot 2012 02 22 at 08 29 44

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S&P NH-NL lagging behind

llman — Sun, 12 Feb 2012 06:02:34 +0000

A view on the new high minus hew lows on the S&P500
– When last year the S&P 500 was around the 1350 level, the NH-NL indicator was at a level of 100 – Now he S&P 500 is also at 1350, but the NH-NL is not even 50

Something to keep an eye on.
screen shot 2012 02 12 at 06 50 20

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EEM at strong resistance levels

llman — Sat, 04 Feb 2012 19:48:59 +0000

Weekly chart of EEM.
– the resistance level at 42.5, also the october highs were broken. – now facing the resistance at 44
– given the strong uptrend of the last month, a pull back to the support (previous resistance) would be healthy
screen shot 2012 02 04 at 20 45 26

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S&P500 new highs minus new lows move opposite of the S&P500 index

llman — Sat, 21 Jan 2012 19:51:10 +0000

A zoom into the S&P500 stocks at 52-wk highs minus lows. I did the zoom as it struck me how there was a distinctive point where the S&P500 went up and the high minus lows went down. It suggest that a break of the steep uptrend of S&P500 is coming. Watch the mean level for the new high minus low indicator.
– if it holds, is a small correction and a “buy on the dip” -> this would be the best situation for the longer term
– if it breaks, and S&P breaks below 1300, it is a crack in the confidence of the latest uptrend
newhighsnewlows

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S&P500 stocks above 200-day Moving Average

llman — Sat, 21 Jan 2012 18:59:35 +0000

The % of S&P 500 stocks above the 200-day moving average is back above the mean level. It was a steep rise, but there is more room to the upside. With the orange boxes you can see a comparison with the summer period of 2010. Comparing patterns with historical ones however is very tricky, as there circumstances always are different.
But, fact is that too strong uptrend has to be followed by a period of pullbacks and/or channels. So, keep this one on your radar for the coming weeks/months
above200dma

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Weekly chart on financials

llman — Fri, 20 Jan 2012 21:12:23 +0000

On the weekly chart you can see XLF touching the resistance of the october highs and then falling back under it.A break is needed for continued upward movements.
I’ve bought some FAZ to test this resistance.

screen shot 2012 01 20 at 21 14 10

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Daily and weekly chart of the DBA Agriculture ETF

llman — Mon, 16 Jan 2012 20:39:36 +0000

Weekly view of the PowerShares DB Multi-Sector Commodity Trust Agriculture fund :- Coming out of an oversold level
– Conquering the 200W MA
– MACD is turning positive
– Overall trend is still negative, but could happen

screen shot 2012 01 16 at 21 33 57

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Daily view :
– Ascending triangle
– Clear resistance level at 29.4 and the 50d MA. Two levels to be broken in order to break the downtrend

screen shot 2012 01 16 at 21 28 24

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