Mark to Water

Saturday, January 5, 2013

Gold & Silver

We can go lower and visit long term supports, but... Watch for some bullish divergences here, specially in silver (golden retracement)

Weekly charts (stocks)

Preparing next week plans on these stocks. Medium term view; key levels

AAPL - 501; 525/527.68 key for longs...

AMZN - Bearish bias

GOOG - 745 key for shorts, wait for some weakness to elaborate a plan

GILD - Can test the highs (>77), Strong bearish under 72.3. Tradable range in between

QCOM - 65.45 is the key level for shorts. Bearish bias under 64.45

Sunday, December 16, 2012

AAPL - Nasty chart

A divergence between price and Weekly MACD is a strong signal. Under 604 one should expect the worst...

If bulls can hold previous lows (on closing basis) and regain 525, our view might be wrong, at least for the short term.

SPY - Forget the cliff...

A divergence between price and Weekly MACD is a strong signal...

First close under 10 days e.m.a. since 19/11/2012. Looking down if price does not regain Thursday close (142.63).

This leg down is still very similar to the previous "healthy ones", so stay away from the short side above 143 and perhaps right above 142.63 (if you have an "aggressive profile).

Tuesday, December 4, 2012

First i must emphasize that one should give the index some credit as price regained 200 days e.m.a.

In the meanwhile, weekly chart is still perfectly clear and one should keep in mind its strong signals as they have be very useful in the past few years. (WATCH MACD).

Again, one should remind the furious (with big volume) break down of the neckline so widely discussed. With another bearish divergence, oscillator is "leaving" overbought zone after, what looks like, a failed test to previous lows (and supports).

Obviously, get ready for some weird and aggressive "fiscal cliff spikes", but i really think price behavior can and will, give us some clues! Watch 1408.75 and 1422.38 on the upside, expect 1380 or even new lows if markets fail here...