Simple stock trading blog » Stock chart analysis

DBC Commodity ETF in range but bearish

richk — Mon, 26 Jul 2010 09:15:35 +0000

DBC, Commodity ETF, is now in defined range with bearish bias prevailing. I like most commodity ETF stocks for possible short trade. Only one – agricultural commodity ETF – is bullish for me. Technical analysis now agree with my Global Macro opinion about commodities.

Commodity ETF bearish ?

richk — Wed, 07 Jul 2010 12:58:36 +0000

I did my analysis for technical trading strategies for my fund and noticed that commodity ETF stocks turned bearish. They have broken support levels and are now poised for further declines. Here are some chart examples :

The only commodity ETF I watch for long now in my ETF Trading strategies is DBA – agriculture ETF stock

waiting for pullback in RBCN

richk — Thu, 24 Jun 2010 13:49:50 +0000

RBCN made nice breakout. I am now waiting for pullback to the 30 +/- level to enter new long trade there.

SRCL nice breakout

richk — Thu, 10 Jun 2010 10:23:11 +0000

I mentioned SRCL few days ago. It managed nice breakout above 60 level. If you missed entry or prefer to wait if breakout will hold, then wait for possible pullback back to 60 level.

SRCL could be bought on support

richk — Tue, 01 Jun 2010 12:38:43 +0000

I am not too bullish on markets right now. But some stock are worth of watching. SRCL is strong stock now. Watch possible pullback or breakout above 60 USD resistance area.

WCN looks good, stock pick for bullish stock list

richk — Thu, 20 May 2010 08:40:44 +0000

I have noticed that WCN stock chart is very bullish. I put this stock pick into watch list for possible long trade in my technical strategies.

CPN bullish stock pick looks good !

richk — Wed, 12 May 2010 12:15:52 +0000

I bought CPN based on setup in my trading newsletter during fear and panic last week. And CPN is really strong. It moved up. I think that CPN has more upside potential.

Going to buy CPN

richk — Thu, 06 May 2010 12:09:33 +0000

I like strong action of CPN and have prepared trade setup to buy this stock. Details are available for subscribers of my ETF & stock newsletter.

Here is chart describing this idea.

MMM – waiting for pullback

richk — Sun, 02 May 2010 16:03:53 +0000

I am monitoring MMM stock for stock trade in my technical strategies. I like last breakout and will look for entry near support level 84 – 85. Now I wait.

ADBE stock chart is not looking good

richk — Mon, 19 Apr 2010 04:48:20 +0000

I have noticed that ADBE does not want to go higher. It is headed down. Good stock pick for shorting rallies.