Category: Indices

I read a bullish article in Barron’s this past weekend on Kraft (KFT) and put a limit in to sell naked puts if it dipped.  The chart showed it had room to come down and any time I see a bullish article in Barron’s or another rag I try to wait a few days for any short term bounce it has to wear off. 

I priced my limit to hit somewhere close to its 10 day moving average.  This morning KFT crashed …

I mentioned in last week’s Dow Jones Chart that I thought support was showing and the DJIA could tick higher.  It did.  I came back this week to chart the S&P 500 ($SPX.X).  This is a six month chart of the S&P 500 as opposed to the slightly longer chart last week and therefore has slightly different lines to draw our focus.

The primary negative (bearish) technical indicator I see is the 200 day simple …

I am recharting the DJIA ($DJI) this week using a slighty different angle for the upward trending line of higher highs.  I’m doing this for two reasons.  One is to show that picking the exact points on a chart can change the story if you are a little bit off and the other is to show that the DJIA is still above the trend line of higher lows I drew last …

I’m back to charting the Dow Jones (aka “DJIA” or symbol “$DJI”) today.  It finally broke above 13,000 and even stayed above it on Friday.  That put the DJIA above the line of resistance at 13k and since I last charted the DJIA, it broke the lower resistance around 12,700.  You can see a new upward channel that has formed starting with the low of January as the beginning of the trend line of higher highs.  It has also stayed above …

I had another strong month in April.  I’m still unwinding some of the trouble I got in back in January (and earlier).  Although I’m taking some realized losses for those mistakes occasionally, I’m moving forward which is the entire point.  I stopped letting emotions play a roll in my investing again and accepted some losses on NYX and ADBE to end the month with a higher total account balance. 

I’m still not convinced we won’t have another pull back before we take …

I didn’t realize how long it had been since I last charted the QQQQ until a reader asked me to chart it again.  I’m glad I did, because this is an interesting chart.  Originally I thought this week would show just another trend line acting as a ceiling soon, but then I revised my moving average to include the 100 and 200 day sma (simple moving average) and saw the QQQQ was caught in between the two longer term moving …

I’m charting the Russell 2000 for the first time on My Trader’s Journal to add some more variety to my charts. I haven’t traded much the past 1-2 weeks for precisely the reason that shows in this chart.  I saw us coming to another turning point and didn’t want to leg in too deep before I saw some of the indices cross the ceilings that have been the top of this trading range since January.  They didn’t past the test …

I’m charting the S&P 500 SPDR (SPY) this weekend.  Like the rest of the large “spiders” it’s still in a trading range that started in January.  For the past four days it touched top side of the relatively short upward trend line that started at the beginning of March a month ago, but couldn’t break through.  I like seeing this uptrend brewing, but until it gets above the trading range that tops out around 140, I won’t feel too inclined to …

The Down Jones ($DJI) remains range bound still as we finish off the end of the first quarter on Monday.  It appears to be destined to stay within a few hundred points of 12,000 and 12,500.  A longer-term down trending line helped to keep it within this range as the DJIA tried to angle up on Monday.

The DJIA has been above its 10 day moving average for more than a week until Friday when that finally broke.  Luckily the 20 day …