AAPL – Bearish stock chart pattern ?
February 25th, 2010 richkI have noticed bearish stock chart pattern on AAPL chart. I am looking for short sale entry with target near 170 level. Very tight stop.
Using combination of technical analysis and global macro fundamental analysis to find best stock picks and ETF trading ideas for my own hedge fund
GOOG bearish stock chart and action
February 22nd, 2010 richkI am watching GOOG stock. It shows signs of selling and weakness. There is possibility for another drop. I am going to short this stock.
I like to short Japanese yen
February 18th, 2010 richkI have been looking for establishing new short in Japanese Yen currency. It is based on Global macro story I follow in my fund. And it is also confirmed by nice chart pattern. You can see it on chart of FXY (Japanese yen Currency ETF).
Bullish stock picks
February 9th, 2010 richkCurrent market environment is not very bullish . But there are some stocks with very good relative strength. I used my 52week bullish scanner to find some of them and here are some picks: KFT, CPO, LII
UUP is only bullish ETF right now
February 5th, 2010 richkI noticed that UUP is only bullish ETF in today’s market.
I am in long UUP trade for more then month and expect more upside move.
I was able to spot early strength by my proprietary scanner I use for scanning about 80 ETFs in my watch list. I use this watch list for selecting best trading opportunities for my ETF trading strategy I use in my fund.
Btw. I am now preparing special newsletter which will publish my ETF trading setups , picks and analysis. Keep tuned, will be available soon.
SP500 index is hard hit
January 25th, 2010 richkSP500 index lost all gains from previous 5 weeks during last selloff . It is not bullish sign. Some correction is in front of us. Index can easily drop to 1000 pt level. It is time to be cautions and think also about short sell trades.
KRE regional banks ETF is in bullish mode
January 22nd, 2010 richkI have noticed that KRE ETF has broken through resistance and is heading higher. I do not like fundamentals of US banks too much but technically it is definitely bullish setup in some pullback.
I like stock chart of ORLY
January 13th, 2010 richkORLY has made long consolidation and now looks like it wants to breakout up. I am holding ORLY long trade for some time already and I am ready to add if this breakout will happen.
UUP bullish stock chart pattern
January 10th, 2010 richkUSD index ETF – UUP – is forming bullish stock chart pattern . It offers another opportunity for opening new long trade in this ETF.
Japan ETF – EWJ – turned bullish
January 7th, 2010 richkEWJ, ETF tracking Japanese stocks, is presenting nice bullish stock chart pattern . Breakout of current chart pattern could lead to rally in EWJ. I wait for good entry point.
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