Chart Pattern Recognition ans StrategiesChart Pattern Recognition ans Strategiesthis blog is about designing a trading system succesfully using technical analysis Articles
weekend charts
2007-05-28 11:04:00 Several charts of interest after the weekend, no update before Wednesday.Watch IOMI chart, we recommended it as a short in a previous post, it lost 40% on Friday.Have a good week.....[CLICK ON CHART]APDAMPAVIDCSKDLMERTSGOOGIOMIQCCUSTP RSTTLCVTZOO More About: Weekend , Charts , Chart , Char
Thursday, May 23 after hours scan
2007-05-24 18:22:00 Potential BreakoutsGOOGMSFTMINDQCCPotential BreakdownsERTSMRVLUST More About: Thursday , After , Scan , Hour , Hours
charts follow-up
2007-05-17 16:35:00 I also use this blog as a journal, I look back at the charts I posted to see how accurate my reading at the time was.AMPLAMATPVSWXRIT More About: Charts , Chart , Char
GOLD at key support
2007-05-17 16:16:00 There are many levels of support for Gold , depending at whether you look at a daily of weekly chart. 540$ is the end of the bull, we are still far from there, 620$ is also strong resistance but right now the level to look at on GLD is 65$, I will start closing some gold position if it were not to hold. We are right at 65$ at the time I'm posting. More About: Support
Wednesday, May 16 breakout / breakdown
2007-05-17 15:50:00 Am on business trip, I'm updating the blog from my hotel room in Singapore. As a general comment, some ugly charts have shown up in the filters. I'm posting a few here but the number of breakdowns as measured by our scan is higher than the number of breakouts. From the short history of our scan results, this would indicate a short term correction is in the process. Again, not much history to back this.Brea kout charts first:OMEPDEAnd a few breadown charts:CACSIOMIIVCPLAB More About: Wednesday
Friday, May 11 scans
2007-05-13 18:20:00 Four new charts made the scans this Frida y after the session but nothing very exciting.AIGFDOPXPRAI More About: Scan
Week review
2007-05-13 11:17:00 Let's review last week's charts. First, stocks posted here which have made a breakout.CLICK ON CHART !CAOCYDDCELICOPKEYNSUNHXRITThen, charts which are still valid for the week to come.AMATAMPLAPDCMPDLMEPEXARGDINTCMGLNMGR CNAFCPVSWWFC More About: Review , Week
Thursday, May 10 after hours scann
2007-05-12 03:39:00 [Problem with blogger, posted 1 day late]We had several decent breakout yesterday, go check PPS, MGA, TXN, HB. I'm not keen to chase on those.If you are following us, then maybe you bought the breakout in some stocks that made an alert here this week like ICOP, CYD, SUNH or KEYN. I'm posting only a few of the stocks identified by our scan when I have the time, usually those appealing to my style and within 2% of a potential breakout. Everyday, we generate an excel sheet with all the stocks within 5% of a breakout. I hope in the future being able to automate the posting and trendline drawing. In the meantime, if you are interested in the excel sheet in its raw format, drop me a mail at didier.gilbert@gmail.com to receive it in your mailbox before the trading day.No chart I like for today's session, yet some attempting a breakout. CLICK on the chart to make it bigger.AMPLCMPHBWMI More About: Cann , Thursday , After , Scan , May 10
Tuesday, May 08 scans
2007-05-09 18:15:00 Charts to watch for breakouts in the coming days.APDEXARPVSW....good trading. More About: Scan , Tuesday
Tuesday, May 08 breakouts
2007-05-09 17:18:00 3 very nice breakout chartsDCELXRITGBNAnd 2 bearish onesFRPMSTR More About: Tuesday , Brea
Monday, May 07 scans
2007-05-08 17:53:00 And a few more charts, nearing a bullish breakout.BDKDLMWFCMGLNSUNHCAO More About: Monday , Scan , Onda
Monday, May 07 breakouts
2007-05-08 15:19:00 A few breakouts of interest from yesterday's session.BASCYDGDICOPKEYNPFE More About: Monday , Onda , Brea
Scan is back
2007-05-07 17:38:00 We are back with a short update from this weekend scan. I'm not quite excited by the charts I see, this market is overbought. I would not venture into shorting right now as the trend is strong and bearish sentiment will support the market.AMATEPINTCMGRCNAFCPFE More About: Back , Scan
scan to resume next week
2007-04-25 05:57:00 We will resume our scan posting next week. My friend who runs the scans is on a long business trip to Europe right after mine late last month. Scan s are expected to return the weekend after next. More About: Resume , Next , Week
21-03-07 scan
2007-03-21 14:51:00 Update from Singapore tonight. Several of our scans have made nice moves yesterday. Click to enlarge.FDGOTCBREQTFCBPPPGCMRTMTLKWRNCTOT IVPRKR More About: Scan
18-03-2007 scan
2007-03-20 10:48:00 I have been very busy with my day job and other activities, the scan below is from last weekend. Some of the stocks I intended to post yesterday have already broken to the upside. I'll try to post the new scan later today.I will not play any upside breakout. Even if the market is moving against me for the moment, I still believe there is more downside to come as shown on the QQQQ chart below. I have cut my most aggressive shorts ahead of the fed meeting.QQQQTDWSUPGPPGNAFCFCBPFDEQTEECBRA STSFAINNAAP More About: Scan
13-03-2007 scan
2007-03-14 16:25:00 Sorry again for the late post, I was busy at the open modifying my portfolio to a definitely bearish bias. I have sold 60% of my longs over the past 2 days and turned them into aggressive shorts as I believe the downside will continue.The scan this morning is absolutely stunning, there are 9 stocks within 2% of a breakout compared to 146 within 2% of a breakdown. Increase the range to 3% and the count is 26 against 227.In other words, there are just too few stocks which chart looking good enough to buy right now, and without buyers, the market can only go down.The breakout scan first: NRGN had a nice chart this morning but won't break this time as it is already down 4% today. If you really want to be long, you may want to look at ABT. It is in a defensive sector, holding pretty well and challenging some high dating back 2002. Sorry that is really the best I can find right now.As for the potential breakdown, here is the list of tickers, I cannot reasonably post 146 charts.ASML BHLB ... More About: Scan
GOLD charts I like
2007-03-13 16:27:00 Many GOLD charts after the recent correction don't look so good but there are still a few ones that I like. Here they are:GSSJINMFLNGDSPM More About: Gold , Arts , Hart , Charts , Like
breakout - BBI
2007-03-13 15:03:00 BBI mentionned yesterday made a nice move up, should retrace back to 7$ for a nice entry. More About: Break , Brea
11-03-2007 scan
2007-03-11 10:01:00 9 charts to watch on Monday. They are posted here because they are within 2% of a potential breakout. There is no indication that they will break out, and, if they do, that it will be on Monday. You should therefore keep the charts posted daily here in your watchlist for the following trading days, not only the day they appear on this blog.I won't often alert when those stocks are making a substantial move but if you look back at the previous posts, I think the track record is quite good. We are not yet able to provide with backtesting data but we will certainly do so when our tools are finalised. Do not forget to buy after breakout, preferably in an impulse of volume and always place your stop after entering a position.OMCNEXTKFCBPFDEQTBBIARGAAP More About: Scan
08-03-2007 scan
2007-03-08 17:00:00 This morning, there are still a very low number of stocks within a 2% range of a breakout of some sort. When the time is right, we gonna study whether this could be used as a timing indicator as I tend to think it is probably worth more than bullish percentage index or number of stock above the 50 days moving average.I have also noticed that we have a lot of fake moves. From that measure only, the current bounce is pretty weak. It is in its third day after which the decline usually resume. With the job numbers tomorrow and a nervous market, I think it is probably better not to have too many open positions at the close. Market could go either way and speculating on one direction is gambling, not investing.Only one chart I want to post today; the other ones don't appeal to me. The charts of the 2 previous day are still valid and usable I believe.BGFV More About: Scan
07-03-2007 scan
2007-03-07 18:07:00 Late scan today, a consequence of problems with our data feed.Yesterday's CHRZ and NAFC are still valid. I quite like NAFC actually. SPM broke out with the gold stocks.Amongst today's featured stocks, FLWS will be on my watch list. AINN and DRC don't quite make it for me, maybe they do for you.FLWSAINNDRCAs our tool has improved greatly, I hope to make significant improvements to the contents of this blog during the coming weeks. I'm not short of ideas, one of the reasons we went into developing our own software was because I was not satisfied with the tools available to individual investors. I'm quite excited with what I think our software will be able to do for us. More About: Scan
06-03-2007 scan
2007-03-06 15:43:00 Surprising to me, the scan found a few charts of interest this morning.CHRZHSYNAFCSPMTYG More About: Scan
SILVER
2007-03-06 07:36:00 I was asked to comment on silver. Yesterday, silver tested long term support but was able to bounce back slightly. At the time of this post, it is worth 12.84$ quite safely above 12.32$ which is the level I'm watching. Here is the chart.As for GOLD, it bounced close to our target of 630$. I will call a temporary bottom here.A look at the weekly chart of HUI, the unhedged and more speculative gold stocks index, shows that the 6 years uptrend is still in force and unless it is broken, gold stocks are still bullish over the long term. More About: Silver
GOLD support at 630$ !!!
2007-03-04 17:15:00 No time over the weekend to blog.We ran our scan but there is again not one breakout chart to advise. However, we looked for breakdowns for the first time and found more than 250 of them. I can't figure which to post as there are just too many. I may post a few during the week.I'm only showing the daily chart of gold here. Despite heavy losses last week, GOLD is still in a solid uptrend. The level to watch is 630$ formed by the convergence of very significant supports:- the dotted blue uptrend line which served as support during the last January correction.- the upper level of the previous 9 months consolidation wedge, in black. After breaking out in mid January, a test of the 630$ would only reconfirm the bullish breakout. A break below 630 would sort of invalidate the move and I will use this level to close all my gold positions.- the 200MA is now at 625. Although I find it lesser reliable, buyers may wait for it to be reached.In all instances, 625/630 is a level where buyers ha... More About: Gold , Port , Support
01-03-2007 scan
2007-03-01 17:59:00 The morning scan pointed us to one chart only. Am sure it is not a good idea to play breakouts right now but here is the chart.TYG More About: Scan
28-02-2007 scan
2007-02-28 16:13:00 Not one chart made it through the scan this morning before the open. I'm quite not surprised, maybe time for us to scan for bearish patterns.....When I woke up this morning in Asia, my screen was all red with the damage done overnight in the US.Things were still quite like any other day though, I drank my coffee and went to work. My neighbor left pretty much at the same time in his Mercedes and he will probably buy another Porsche this weekend, new houses and condos are still building at the same rate on the way to the office, seems like the economy here is still booming.Now those charts don't look good, your grand mother could tell you that too so it's probably time to put some money aside. We have had some similar corrections in India, China and more recently Thailand. Not long later, it was all back to normal. Chinese are short of money after their New Year, I guess it just take a few millions of them to crash a market. China is a big country but its financial market is still ... More About: Scan
27-02-2007 scan
2007-02-27 17:49:00 I'm sorry for the late update, we are already in the middle of the session, I try to post before the opening on this blog.Today, our scan has revealed only 2 charts worth being posted here. The quantity and quality of the potential breakout picks has been decreasing since last week. Perhaps, we could use this as a forecasting indicator of the market. That will certainly be back tested some time this year.In the meantime, find 2 charts of interest for today.KLICMIVA More About: Scan
25-02-2007 scan
More articles from this author:2007-02-26 14:50:00 Here below the scan results for stocks which are within a 2% range from a horizontal breakout.RFITBBAASMLAINAFL More About: Scan 1, 2, 3 |
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