Simple stock trading blog » Stock chart analysis

Bearish stock chart patterns on multiple time frames – THOR

richk — Thu, 19 Jan 2012 14:49:53 +0000

I have notices multiple bearish stock chart patterns on charts of THOR. There are Head and shoulders stock chart patterns on daily, weekly and also monthly time frame.

I have this stock in my bearish stock list these days but as earning date is close I do not want to enter trade now.

Stock chart technical analysis for SBUX

richk — Sat, 14 Jan 2012 19:14:11 +0000

I have SBUX in my bull list of stocks I want to trade on long side. It is one of tickers produced by my best screening method. I monitor this stock as it moves up without any specific retracement or pullback.

I do not want to buy this stock now. The patience is key in profitable trading. The chasing of any trade is not profitable way for stock trading. I would like to see nice pullback before new entry into trade with this stock.

Is Utility ETF best stock to buy now ?

richk — Tue, 10 Jan 2012 14:16:28 +0000

Utility ETF now presents nice technical pullback in its uptrend move. The ETF technical chart is in bullish situation . Moving averages provide support. It could be good stock pick for next days for long trade. I personally monitor this sector ETF as trade opportunity.

Russell 2000 ETF is now relative weak index ETF

richk — Fri, 06 Jan 2012 06:34:55 +0000

I have noticed during my regular ETF analysis routine that Russell 2000 ETF is now relatively weak. This index ETF tracks small caps on US stock market . It is better to choose SP500 index ETF with symbol SPY to trade long ETF swing and day trading strategies these days.

Bearish stock chart pattern – COF

richk — Tue, 03 Jan 2012 13:42:46 +0000

This stock has quite bearish stock chart. There is bearish stock chart pattern and also relative strength analysis points to further weakness. This stock could be good addition to list of stocks for possible short selling strategy.

How to trade stocks online with candlestick patterns

richk — Mon, 26 Dec 2011 08:06:57 +0000

I like to use candlestick charts very much. This type of chart provides important information for my trading needs. I am able to identify bullish or bearish candlesticks.

Candlestick patterns also help me when I am preparing new trade. They are really useful stock trading tool in my stock and etf trading and chart analysis.

How to trade commodities this week ?

richk — Sat, 10 Dec 2011 17:31:08 +0000

When I look at chart of broad commodity exchange traded fund with ticker DBC I must say that it is in bear market mood. Investors are not buying commodities these days.

Gold ETF analysis presents much positive picture. GLD ETF is not so bearish like DBC. But I would not be buyer of GLD ETF. Pennant stock chart pattern that is on GLD ETF stock chart is better to be traded after real breakout. So it is now time to be more patient and wait for better risk reward and trade setup.

How do you use moving averages in your trading ?

richk — Thu, 01 Dec 2011 05:19:10 +0000

Moving averages are technical analysis indicators that are very useful in stock trading. It is very simple indicator but it is very powerful.

There are several different options how to use it in stock trading and stock chart analysis. I have summarized options how I personally use moving averages in my trading. I would like to know if somebody of you use moving averages and this usage is not described there. I would like to learn more about this simple technical analysis indicator so please let me know how you use it.

Few ideas about online stock charts

richk — Sat, 26 Nov 2011 08:31:15 +0000

I have recently wrote few ideas about online stock charts.

Generally I prefer to use some charting software that allows much better stock charts analysis options. But if you need to check situation of some stock online without ability to use your software or if you start to learn about trading and do not want to invest into some stock analysis software right now, then it is possible to use some online web sites and their charts.

Silver ETF bearish chart pattern

richk — Tue, 22 Nov 2011 04:01:45 +0000

Silver ETF chart is in quite bearish situation. Price has broken down from bearish stock chart pattern and offer very good short selling opportunity.

There are several different silver ETF tickers that can be used to trade silver commodity.

I have detailed stock trade setup prepared for trade in portfolios I manage.