SMH breaking out

Semiconductor ETF is showing strenght lately. Broke out of downtrend, it has a resistance at 35.50 area which i suspect will be challenged soon.

xlf higher lows

The XLF looks interesting lately. I believe this is the trigger we need for the broad market to go up. If even financials go up, then 1400 on S&P seems likely.

Indices breaking out

DJT showing the world who`s the boss. Breakout , retest then real breakout. Textbook case. We have very similar patterns in DJI, SPX and the russell follows.
Looks like we are in for some bullish times.

UUP touching resistance

The us dollar etf  has just touched resistance, while the euro is at september 2010 levels. With the dollar beeing the leader of almost everything it would be a good advice to wait and see here. A breakout or a failure here will send a quality message to various assets across the intermarket.

AAPL and CRM

AAPL and CRM were "brothers" ....up to certain a point.Will AAPL follow the ''cloud'' or will it stay above it?

Gold weekly

The breakdown of the uptrend on gold seems to play out. Let`s see just how much pain bulls can endure.
With the quarterly option expiration  coming tomorow, we might see some wild moves.This will be a welcomed pause for a few days, since end of year combined with option expiration is not a comfortable trading environment for me.
Happy New Year Everyone....

AAPL trendline touch

AAPL just touched the line in the sand.The 350 area should act as support  >in case<  the trend breaks.
This might be the perfect opportunity for bulls to step in as we have seen this type of sideways pattern before.

GLD trendline break

Looks like the party is over on GLD.With the US dollar breaking resistance, gold has a long way to come down while the $ has a long way to go up.

SSEC-X triangle breakout weekly

This looks scarry.

UUP broke resistance

The dollar etf broke resistance , re-tested and is currently going up.Looks like the good old us dollar will be an interesting bet in the weeks/months to come.

bonds vs spx

The last time bonds fell the SPY went up about 30 %.Will this time be the same? If so , a few months from now we will look down to the current price levels and think 1250 on SPX? so cheap..........

MCD and GLD

The golden M (i`m loving it ) looks to me very similiar to GLD.I don`t know why, i don`t understand the corelation between MCD and GLD but it sure looks to me like it worked for the last 3 years.
Next time i want to buy a golden jewel i will get a big mac. :)

XLF vs QQQ vs SPY vs DIA

  Looks like financials made a higher low along with the broad market.The difference is the financials are much lower than the broad market.While the Q`s made a new high above 2008 and SPY is trying to do the same , XLF is still struggling to breathe.
 Time will tell if the underperformers ( XLF ) will one day be overperformers.

SBUX breakout

Once in a while some charts amaze me.SBUX made a clear breakout on the weekly timeframe and made a new all time high.It successfuly retested the breakout at the 40.50$ area and now it`s heading for the clouds.

KO topping pattern ?

KO`s breakout above the highs of 2008 morphed into a complex topping pattern? or is it just gathering strenght for the next leg up? The levels are under 63 for a short and above 70 for the long side

CSCO successful retest

CISCO made a successful retest of the channel breakout on both daily and weekly timeframe.I remain bullish on this stock.Hopefully we should see some Santa rally on CSCO soon.

TLT Weekly

Bonds have reached resistance. Will failure at resistance send a wave of optimism to stocks??

DAX sinking

http://www.youtube.com/watch?v=gmOTpIVxji8
Mayday mayday we are sinking!!!!!!!!!!!
What are you sinking about ?

Looks like the resistance was to much.The DAX dropped like a stone along with the euro.It is aproaching the day`s low on very high volatility.Very hard times to trade.

DAX touching resistance

The DAX cfd is touching resistance as i`m writing this post.If it moves above resistance the next target is the 6128 high.This could be a nice entry point with decent R/R.More later....

UUP weekly

The UUP is facing some stiff resistance.If this resistance is to break some serious action is expected in the markets.I will watch this closely as resistance is very close.