Stock Market Analysis

S&P 500 - 02/07/2009

noreply@blogger.com (Nuno) — Sat, 04 Jul 2009 10:30:00 +0000

Hi there!

The S&P is in critical situation. It has now reached the support line of the Head and Shoulders. Now I expect one of two things: bounce again and start to rally testing resistance around 930(again!!) or take that support line and selloff until the 50% Fibonacci retracement around 810! Note that if you measure the range of the Head and shoulder you will get around 69 points, which will be more or less the size of the movement if we breakdown the support line!

Swing It!

S&P 500 - 26/06/2009

noreply@blogger.com (Nuno) — Sun, 28 Jun 2009 20:15:00 +0000

Hi there!

The S&P has bounce a little from the touch in the 50 EMA on 23/06. Now is approaching tough resistence at 930 level. It looks like an head and shoulders topping formation is in process with the right shoulder top forming in the next days. Only time will tell but if the market fail to break up the June highs and confirm the H&S we probablly see some heavy selling till the levels 880 first and next the 800/813. If the market take the June highs the next target will be around 1000 on the S&P!

Swing it!

Stock Picks - OMX

noreply@blogger.com (Nuno) — Thu, 25 Jun 2009 22:50:00 +0000

Hi there! Here is another short that look´s very good! OMX broke down support with heavy volume and now is testing it. I think around 6,50 is a good level for an entry with target around 4,0. Note that on our side we have the tree MA offering great resistence on the up side. Don´t forget the stop around 6,85/90

Swing it!

S&P 500 - 16/06/2009

noreply@blogger.com (Nuno) — Tue, 16 Jun 2009 21:52:00 +0000

Hi there! Today i´m showing the S&P daily chart so we can see the bigger picture. Look´s like we´re heading to 875 level. That will be a tough level of support which is the February High and it also have the 50 and 200 MA supporting the prices and attracting buyers into the game. We probably see a bounce around that levels! If that support is broken i do believe it is possible to go near the 800/813 level which is also the 50% Fibonacci retracement.

Swing It!

Stock Picks - TSRA

noreply@blogger.com (Nuno) — Tue, 16 Jun 2009 16:58:00 +0000

Hi there! The Market is starting to selloff so where´s an idea on the short side with an huge potential target: TSRA had a huge parabolic move and if the support at 24,96 is broken I can´t see nothing to support the fall untill the 19,50 level near the 50% Fibonacci level and the MAE 50! Wait for the confirmation of the breakdown and don´t forget the stop loss!!

S&P 500 - 15/06/2009

noreply@blogger.com (Nuno) — Mon, 15 Jun 2009 22:10:00 +0000

Hi there! Today the S&P finally broke down from the trading range of last week. However the market still needs to confirm this breakdown movement. Maybe a pullback to the breakdown level and then a selloff to the 878 area in red (the first target on the downside). Let´s wait for tomorrow session.

Swing it!

S&P 500 - Re-test 925

noreply@blogger.com (Nuno) — Mon, 08 Jun 2009 18:24:00 +0000

The S&P 500 is re-testing the support @925, if the Bulls can´t hold it, the next level should be the April highs. Let´s wait for the end of today´s sessions!

Swing It!

S&P 500 - Intraday Bull Trap??

noreply@blogger.com (Nuno) — Fri, 05 Jun 2009 14:19:00 +0000

After huge gains in pre-market the S&P 500 is falling almost 2,50%. Do you know what usually happens with fail moves... Look for the 925 level to hold, if not, maybe a wild ride to the 875 level!

Swing it!

S&P 500 - 06/06/2009

noreply@blogger.com (Nuno) — Wed, 03 Jun 2009 22:57:00 +0000

Nice selloff to the support 924 and a little bounce If taken the 924, the next target on the downside could be 875. On the up side, bulls could retest the last higher at 949.

Swing it!