Thursday, August 28, 2014

Small Studies for Trading and Life ~ $AAPL

*****On Thursday, $AAPL continued to test the upper trend-line. after a brief test to the first support line on Tuesday. Now, as you can see on the chart below, AAPL is testing above the top channel trend-line but still closing below. Although it's hitting new highs, it's showing some hesitation on part of new buyers here. I call it the trader killer, scalper promise. Scalpers are the ones who taunt those who don't wish to miss out on the next big break.  These can be false breakouts, programmed or not, testing how far others will follow.  In addition, those who wish to take some profit will take advantage of the new highs. Therefore, those who enter and hold can be killed on a reverse so it's a bigger gamble.

 Although it may take days or weeks, eventually these patterns give in and reverse before breaking out again, so it now behooves a trader to practice patience until the next pullback is finished. To help you with patience, just keep the chart below in mind;  I can count 3 pullbacks just in the past 3 months.

Happy Trading, Living and Dancing
Anni

Disclosure: $AAPL has been on the SwingTrader list for entry at 95.25 on 8/11/2014 with top target as $99
©DayTrading with Anni 2007 - 2014 All Rights Reserved

Tuesday, August 26, 2014

Small Studies for Trading and Life - $AAPL

*****When trend lines and channels get hit, it's a signal to watch for a reversal.  It may reverse for only a couple of days or it may head for the bottom of the channel.  Therefore it's important for a trader to mark those support lines and heed them.

 

Happy Trading, Living and Dancing
Anni

 ©DayTrading with Anni 2007 - 2014 All Rights Reserved

Sunday, August 24, 2014

The Weekly Market Outlook - $DJIA $SPX $NDX August 25, 2014

*****This week could test the market's resilience and drive. Traditionally it's the week that schools start once again but also there is the first fall and last summer holiday weekend before Thanksgiving. A holiday that allows families to catch the last rays of sunshine before fall sets in. Focus will be mostly on schools and travel.

Geo- political events may also impact markets although my experience is that the markets are relatively numb, or dumb depending on ones point of view,  resulting in mostly a "ho-hum" and "on with the show" attitude.

Nothing in short of an earthquake, but not even that in my opinion, seem to get this market off its rising path. Which is where most advisors will tell you to pay attention.  My "old" saying that:  "When most people are in the parade it's time to become a spectator", pops into my head.

Yet the trajectories in the charts still show the possibility of  further highs in the indexes. So it may be a slow burn, which can be the most dangerous, remembering the frog in slowly rising hot water scenario.
Watching out for the tighter daily highs and lows maybe one of the best signals, and so would a profit taking indication but what I feel is that many have trouble departing or taking profits because they fear they're leaving the markets too early. It's what many call greed, but truly as one who's been there, it does become a dilemma. My best solution for it is to take some off the markets because profits are never real until spendable and in the bank.

So here is how I see the markets for the week ahead:

video


Happy Trading, Living and Dancing
Anni

©DayTrading with Anni 2007 - 2014 All Rights Reserved

Sunday, August 17, 2014

The Weekly Market Outlook - $DJIA $SPX $NDX 18 August 2014

*****The market has tested support and resitence levels, as reviewed last week, with continued possibility of testing lower levels before breakout to new highs.

World politics and news may make for faster tests to the downside and possible quicker recovery as well. Optimism or pessimism into the Fall and final month of the quarter will weigh more heavily as we close this week and month.

The fast rise in latest days of the $NDX can become a challenge if it reverses and continues down below the test lines. It could create pattern signaling a longer term pullback. But the $SPX and $DJIA still need to catch up which could further support the Nasdaq and its climb.





Good luck and
Happy Trading, Living and Dancing
Anni

The Daily Pick - ©DayTrading with Anni 2007 - 2014 All Rights Reserved

Sunday, August 10, 2014

The Weekly Outlook - $DJIA $SPX $NDX for August 11, 2014

*****Markets are resilient, but where are we really? We've been rising for five years now so are we in a small correction or a major one coming, or are we at the crossroads of a consolidation and breakout to new highs?  I can only follow the charts and hopefully discern what is just noise. Here's what to look for this week:



12 Aug. 2014 Tuesday evening: $DJIA $SPX $NDX   The levels to watch haven't changed, instead they were confirmed in the past two trading sessions.

14 Aug. 2014, Thursday evening: $DJIA, $SPX   Finishing at resistance are we back on easy street? Friday should be testing the 16750-16800 and 1960-1965 respectively. $NDX is running ahead of itself and the markets. Perhaps a little too fast. Friday watch the 3975 - 3983 and the 3960 for stress tests.


Happy Trading, Living and Dancing
Anni

©DayTrading with Anni 2007 - 2014 All Rights Reserved

Sunday, August 3, 2014

The Weekly Outlook _ $DJIA $NDX $SPX August 3, 2014

*****Market outlook as I now see it on charts: $DJIA $NDX $SPX




 ©DayTrading with Anni 2007 - 2014 All Rights Reserved