Wednesday, March 27, 2013

The Daily Outlook - $DJIA $SPX $NDX Step-Pause-Step

*****Maybe because of Dancing with the Stars, maybe because I love to dance, I keep thinking in dance steps when looking at charts. That does not mean you have to, of course. It's really watching the rhythms of the moves as it forms patterns. The daily choreography is revealed at the end of the day and then added to the previous days' results a longer pattern of the dance is revealed.

That is what we are watching today. Triple top.. does that mean a pause before another energetic move to the upside or does it mean exhaustion. We only have history to give us hints, but if the choreographer is new in the market, history may not prove to be much help.

A triple top normally may mean that we will reverse direction, "normal" meaning prior to so much Federal and government involvement. Since the Fed is now a new more hands on choreographer of these markets, there is less likelihood that the old pattern results will prevail. We have seen it over and over again, as with amazement we watch how the negative news is being "ignored"; or shall we say mandated to be ignored. Banks/ Brokers have to manage the money they have been trusted with to keep the economy from collapsing remember?

How did I get from #DWTS to illusions? It's all a show .. be it reality or be it not. So with that thought, there are no guarantees and of course there never were.  Security and Safety in life or in money is just an illusion.

Just an Illusion by Imagination on Grooveshark

Happy Trading, Living and Dancing

 The Daily Pick - $DJIA $SPX $NDX

©DayTrading with Anni 2007 - 2013 All Rights Reserved

Tuesday, March 26, 2013

A QuickStep Chart Tip - $ES_F

***** The QuickStep is one of the most difficult dances to master. It involves quick hopping steps in a usually linear pattern across the dance floor. It also has turns, pauses and reversals which take a different direction at seeming random fashion, until we realize the music demands it. It can be exhilarating and exhausting and a lot of fun, depending on how well we can keep to the beat of the music.

Much like the dance, patterns happen constantly on the charts at different time frames and depending on our ability to follow, we can catch these to our advantage once we know which steps follow the rhythm of the dance.

In trading as in dancing as we get better the more fun we have and we can only get better with practice. Below is an example of a QuickStep chart lesson. Let me know if you'd like to see more.

Happy Trading, Living and Dancing

 The Daily Pick - $ES_F

©DayTrading with Anni 2007 - 2013 All Rights Reserved

Sunday, March 24, 2013

The Weekly Outlook - $DJIA $SPX $NDX Countdown to Ignition?

*****All eyes are on Cyprus once again and the result of their decision will be ..... The envelope please .. Almost like in an awards show.  I find it ridiculous to watch but not because of any lack of importance, rather because Cyprus, as most other quick and easy "fixes" is not the only factor to consider. Soon enough traders will notice that it's another flash on the markets, and perhaps only adding to the other flashes which will one day ignite into a flame.

Question is whether the ignition will ignite into flame on a rocket or fireworks. Both burn out  in time, both put on a wondrous show but one can have a substantially better outcome than the other. Remember also that both return back to earth in time, once their life expectancy is reached, but one in ashes and the other in pieces after much longer time spent in space.

Eight Miles High by The Byrds on Grooveshark

Happy Trading, Living and Dancing

 The Weekly Outlook  $DJIA $SPX $NDX

 ©DayTrading with Anni 2007 - 2013 All Rights Reserved

Sunday, March 17, 2013

The Weekly Outlook - $DJIA $SPX $NDX Party On?

*****Along with  St. Patrick's Day, we may be in the mood to party on, but notice the volume surge on Friday on that pullback. Perhaps this St. Patrick's day party has too many participants and not enough safe drivers.

Enjoy, party on, but have that taxi ready for your departure after that parting glass:

The Parting Glass by The Dubliners on Grooveshark

Happy Trading, Living and Dancing\

 The Weekly Outlook $DJIA $SPX $NDX

 ©DayTrading with Anni 2007 - 2013 All Rights Reserved

Monday, March 11, 2013

The Weekly Outlook - $DJIA $SPX $NDX Too Early for Sell in May?

*****Are we too early for sell in May, judging by the recent weather patterns, Spring is already here in California and Easter is early too, so ?

I also had my projection somewhat confirmed into the 15324 recently while watching a commentary were the 2007 high be adjusted for inflation, it would hover somewhere there. So we may not be as ahead of ourselves as we may think. Euphoria aside, we have to look at real figures not ones that make us feel good. .

Inflation or deflation if you think of it in dollar value terms, is a very real factor even when not admitted by the  pundits in government. Food costs rising or shall we say dollar deflating is a reality for most of us shoppers who actually buy our food instead of looking at someones figures. Utility costs have risen despite as some say cost of energy is down. Explain reasons and I'll listen; try to tell me it isn't so, and I will argue.

If you tell me that the market is foretelling the future of our economy, well again, inflation or deflation has to be accounted like it or not. Raise the minimum wage and we're just asking for more of the same.

Somewhere somehow perhaps someday, people will realize that raising wages only adds to the fuel and is designed by politicians to make workers feel good. The more money you have the more you spend and the more prices are driven higher. Also, in case you haven't guessed, the more a company has to pay the more it has to collect and more the prices are driven higher. So, the more you earn, the more you can spend and the more you feel good .. n'est pas?

Oh, but back to sell in May or now. It really comes down to judgement, as usual. How much more can this market rise and how much are you willing to give back if it does not keep inflating.  So, if your wish is to h to keep what you've got, why not take the summer off, early?

Wasn't Born to Follow by The Byrds on Grooveshark

Happy Trading, Living and Dancing

The Daily Pick - $DJIA $SPX $NDX

 ©DayTrading with Anni 2007 - 2013 All Rights Reserved

Friday, March 8, 2013

The Daily Outlook- $DJIA $SPX $NDX Here's the News

*****World reaction to the strength of US markets is currently on track for new high for Friday.  Even if economic figures don't come up to expectations, it has been recent experience that the market hesitates for a while, then shrugs off any negative news.  So judging by that kind of recent history Friday's figures would have to be catastrophic for the market to drop at all, let alone severely. Therefore we'll just keep shrugging as we look to higher views, as long as we can tolerate the news.

Here Is The News by Electric Light Orchestra on Grooveshark

Happy Trading, Living and Dancing

 The Daily Outlook $DJIA $SPX $NDX

- ©DayTrading with Anni 2007 - 2013 All Rights Reserved

Wednesday, March 6, 2013

The Midweek Update - $DJIA $SPX $NDX Spring Breakout

*****More positive turns are showing on the charts but tests are not only needed, they are desired. Much depends on the sentiment of traders and maybe Spring being in the air here on the west coast helps; or just too much snow on the east coast has everyone wishing for a better outcome.

Spring by Antonio Vivaldi on Grooveshark

 The Outlook Update  $DJIA $SPX $NDX

 ©DayTrading with Anni 2007 - 2013 All Rights Reserved

Tuesday, March 5, 2013

The Outlook Update - $AAPL Blossom Time?

*****Apple blossoms are beautiful but maybe be a bit premature here.  It's still March and the song say one day in May and then there is April Fools in between. Although I jest, there are those who pick stocks in such manner. Who's to say they're not correct but best do it the way it works for you. It is also important that you don't try to match the chart to your thinking, rather match your thinking to the chart.

Meantime, rain and cold has returned to the Bay Area, so much of the blossoms I saw and photographed today will be on the ground tomorrow. Spring does not last long here in California. They're gone in a blink of an eye and if one blinks again green hills have turned to "gold". Tree blossoms need to be viewed and admired immediately like the green hills lest the view gets totally missed. Breakouts are like that in the markets too, but unlike blossoms and green hills, you don't have to wait a year for next opportunity.  So don't be too anxious to jump into a trade just because of a one day pop but also know that I'll be with you at AAPL picking time. :)

I'll Be With You In Apple Blossom Time by Vera Lynn on Grooveshark

Happy Trading, Living and Dancing

 The Daily Pick - $AAPL

©DayTrading with Anni 2007 - 2013 All Rights Reserved

The Daily Outlook - $DJIA $SPX $NDX Higher and Higher

***** You'll be seeing a lot of talk about this today all over the news, StockTwits, Twitter, financial papers and elsewhere. My readers and followers here and on YouTube have been keeping up with my views on this breakout possibility  and perhaps find it not a surprise. Still we are not completely clear in my opinion so Jubilation shall remain reserved on my outlooks.

 To see my last write up on this possibility please refer to my article "Jubilation or Skyfall". We may very well see this market rise higher and higher as it is difficult to stop a sentiment where people keep looking for a way to grow their funds. Interest rates what they are, world market conditions still uncertain, we may still be the last, best place despite the worsening financial conditions of our State of the Union.  So as long as the power of love flows into these markets, it will keep it lifting higher.

Your Love Keeps Lifting Me Higher And Higher by Jackie Wilson on Grooveshark

Happy Trading, Living and Dancing

The Outlook Update $DJIA $SPX $NDX

 ©DayTrading with Anni 2007 - 2013 All Rights Reserved

The Daily Note - An $AAPL Target on the Head.

*****I'm not talking William Tell's apple on the head I'm talking about the target on AAPL's chart. I sometimes have trouble comprehending some comments about my articles. Somehow many miss the fact that there is the word "DayTrader" written in the title on  this blog and in my Twitter name too. Seems some new readers of my posts have the assumption that 2 years ago I called a short on $AAPL when what I was writing about is the possibility of problems due to the fact that Steve Jobs and AAPL were inseparable commodities. Like hand in a glove, they went together, one was almost never mentioned without the other and it's why I wrote "When Caesars Fall" back in March 2011.

Then later when in August 2011, Steve Jobs unfortunately had to step down,  I again wondered about AAPL's  future in an article called "AAPL vs AAPL" . These were thoughts and opinions and were not written to make anyone buy or sell AAPL for the long or the short term.

I often share my thoughts about what I see on the charts with anyone who wishes to view them and have been doing so for many years. It is in hopes that I can pass on what I've learned over years of staring at charts. I've  claimed no exclusive knowledge about anything, although I may joke about being psychic,  I also believe that knowledge is there for the picking for those open minded enough. (I'll save that explanation for another day). Hence I continued to write on what I observed about AAPL and saw on the charts.

Obviously if I wrote daily on the subject some might think me obsessed, but daily I observed the charts regardless and wrote consequently as I felt compelled. My articles all reflect my thoughts at the time written. Almost exactly one year ago I found myself wondering if like some financial institutions was "AAPL Too Big to Fail?" Then more frequently in recent months as the pattern unfolded more obviously. On which subject you will find "$AAPL Dancing in a Burning Room" that is when many were still calling it long, followed by "What Now My $AAPL?" Then in answer to those who thought it could never happen with AAPL and told me so, I wrote "$AAPL A Story of Highs and Lows" explaining what historically happened to many companies and what I saw on the chart as possible realities.

Lastly, before writing "$AAPL A View to a Kill", I wrote about the romance of AAPL stock in "$AAPL My Funny Valentine."  only speaking of what I see on the charts and why I think it's happening.

Yesterday's article may have been a bit boastful but hey, I along with everyone else admit to being happy when I'm correct. It's in the nature of us all to brag a bit, but also I pointed out that if you know what your are looking at, it becomes easier to stick with a trade be it daily, weekly or yearly.  Then perhaps you won't follow a person like Zacky who obviously was not too big to fail either. In reality, no company nor anyone is immune to failure and that is why I prefer to teach traders to be leaders rather than following one.

I like to welcome all readers to my site and I don't take offense to comments as long as it can be a discussion and not a drive by. Discourse is one thing, disrespect is another; we all work hard to be traders, no one has it easier than anyone else.  If you had it right and rode AAPL up from 350 to 705, kudos for you, so go on and boast about it, likewise if you  rode it down all the way from 705 or know the bottom.

Is AAPL's story over? By no means imo, I take it one step at a time however, because it helps me focus on consuming the elephant.  I already went on record what may happen if we lose the 420.  I am not the only one talking about it anymore either and usually my flags go up because as my saying goes, "when everyone joins the parade, it's time to become a spectator".

Drive By by Train on Grooveshark

Happy Trading, Living and Dancing

The Daily Outlook $AAPL

©DayTrading with Anni 2007 - 2013 All Rights Reserved

Monday, March 4, 2013

Trader $STUDY - $AAPL View to a Kill

*****Since 2011 I've been continually tracking and writing about this possibility for $AAPL.  When you are trading with a plan you know what your targets and goals are, when a shake out is possible your conviction about your plan gets tested. That is when your only job is to reassess your position and see if the pattern you have chosen to follow still follows you.

It is the only way your conviction will be confirmed. If you follow what others say without question, you may be thrown off your own plan. Remember, everyone has vision but only you have your "View to a Kill".

A View To A Kill by Duran Duran on Grooveshark

Happy Trading, Living and Dancing

To find more articles I've written, type $AAPL and/or AAPL to search for them on this blog.
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 The Daily Outlook  -

©DayTrading with Anni 2007 - 2013 All Rights Reserved

Sunday, March 3, 2013

The Weekly Outlook - $DJIA $SPX $NDX Skyfall or Jubilation

*****It is not a surprise that everyone who follows the market wants to "be there" at the new high. It is historical event and one can boast "I was there" when the Dow touches the sky. I suppose one could boast about a birth if  you last entered these markets 9 months ago when the last conception started. One could quip when the time comes "champagne or cigar" in jubilation.

 It will be like a long awaited birth if the market breaks out to a new high, indeed time for jubilation,  but will the volume be there to keep it thrive or will it we witness a skyfall? I can make a case for both looking at the monthly chart. Indeed, I can make a case for a possibility of 15324 in fairly short order if, IF, the volume surges behind the new high; without it, I doubt if we can continue the enthusiasm.

No matter which way, we must remain vigilant about this birth and we must stand tall to face it all together since it is our creation.

Skyfall by Adele on Grooveshark

Happy Trading, Living and Dancing

The Outlook - $DJIA $SPX $NDX

©DayTrading with Anni 2007 - 2013 All Rights Reserved

Friday, March 1, 2013

The Daily Outlook - $DJIA $SPX $NDX Everybody Loves a Winner

***** I think I said it all on the tape and certainly depicted in the song. Since everybody loves a winner, it is no surprise that jubilation sets in when we are so close to a new high. Our elected officials in government sure know this and are experts on knowing how to win our affection.

We can see that their success rate is rather high in these past years, so they will continue.  Threats are pumped to make sure that when the magical agreement is reached we all breathe a sigh of relief and love them even more until...

Maybe just until we all finally admit to ourselves that all along it was just a scheme. A big giant joke of "gotcha" game. But by then, we have loved them too long to be able to just kick them out of bed. We've invested lots of time in believing their every utterance, given them the cloak of wisdom and we've become dependent on their generosity.  To pack their bags and leave them go would require admitting that we've been wrong in our beliefs.

The problem of course is, that  I know of no one who likes to admit that they've been "had" since that brings on the (a)lone factor. The fear of being alone and lonely is a powerful fear and the the need to be loved and liked is a powerful drive for which many will sacrifice anything and still end up with just a song to remember.

Everybody Loves A Winner by U2 on Grooveshark

Happy Trading, Living and Dancing

The Daily Pick -  $DJIA  $SPX $NDX

©DayTrading with Anni 2007 - 2013 All Rights Reserved