Stock Trading
If you trade stocks online, invest in stocks, trade the stock market, looking for advise on how to trade stocks effectively and looking for the tools to effectively trade the stock market. Including the right tools to research for investing, or day trading or swing trading. Including but not limited to penny stocks and high beta momentum then this tutorial is for you. Technical Analysis Update
3 Weekly Charts and it might surprise you (most it won't) that OIL/ENERGY and METAL stocks performed WORSE than the TECH sector last week, even with the DELL warning and chip meltdown. The SMH actually went down the LEAST while what some viewed as "safety" got hammered and smacked the most. The 3 "SECTOR CHARTS" below don't have annotations because we know what they are already, it's only "price performance" I am pointing out in this update.
Due the heavy rise in "panic emails" that typically tells me we are near some type of short term sell-off that will lead us to an even shorter term climax low and bounce back rally to test this wedge once it cracks. This is an UNOFFICIAL (I'm in a pickle) email analysis. Those that are short stay tune for cover alerts at a moments notice!
The commodity sector from what I see is going to shift from bullish in the metal and oil sector to down right ugly, to bullish in the "crop and agriculture areas" (corn, wheat etc:). Stay away from orange juice and soy beans. (Funny story voice update will explain).
Every 60 minute futures chart looks the same (ES, NQ, YM) but in bearish waters always follow cash--voice update will explain
OXY--CHART OF THE DAY
WOOD SHED--All 3 sectors took a trip to this spot here below
$XAU--DOWN 8% ON THE WEEK
OIH--DOWN OVER 11% ON THE WEEK (NEW BEARISH TREND REVERSAL ON THE WEEKLY, LOWEST WEEKLY CLOSE OF THE YEAR)
SMH--DOWN JUST 5% ON THE WEEK (STILL BAD BUT NOT LIKE THE ABOVE CHARTS)
OIL
REMINDER--NO WEDGE BREAK JUST YET
