Archive
Archive for the ‘SPY’ Category
An X-Ray of the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA
January 31, 2013
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Daily chart:
- Despite the extended price advance, haDelta shows weakness
- Bullish but weak
Weekly chart:
- Close to the apex of the consolidation triangle
- Bullish and undecided
Monthly chart:
- Bullish
Categories: heikin-ashi, Japanese candlesticks, Modified japanese candlesticks, SP-500, SPY
$DIA, $DJIA, $SPX, heikin-ashi, SPY
How Far Will $AMZN Run? $QQQ $EBAY $SPX $SPY
January 25, 2013
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Daily chart
- Comfortable vis-a-vis its trailing-stop
- Despite the sustained uptrend, the haDelta :: SMA(3) bullish crossing offers indications of a strong trend ahead
Weekly chart
- Difficult to overcome the haDelta resistance
- Caught inside a medium-term consolidation (haDelta is inside an ascending triangle)
Monthly chart
- Caution: haDelta is approaching the first resistance level.
Categories: AMZN, heikin-ashi, Modified japanese candlesticks, QQQ, SP-500, SPY, Technology
$EBAY, $SPX, heikin-ashi, QQQ, SPY
$AAPL Head-and-Shoulders – Target: 320 $QQQ $SPX $SPY
January 24, 2013
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Apple weekly chart (see below)
Upper pane
- Waiting for a resolution of the bearish Head-and-Shoulders following a sustained long uptrend
- Price objective: 320 (based on H&S characteristics)
- The thickness of the Ichimoku cloud in the next 13-15 weeks suggests a resistance difficult to overcome
- Note the change of trend 26 weeks in the future on the Ichimoku chart: Usually, such points warn about a strong trend to develop during this time
Middle pane
- The haDelta average SMA(3) was negative (yellow area)
- haDelta and SMA(3) failed to become positive (bad sign)
Lower pane
- Failures to go above the oscillator’s resistance (50-60 area) = Weakness
Categories: Apple, heikin-ashi, Modified japanese candlesticks, SP-500, SPY, Technology
$AAPL, $SPX, heikin-ashi, QQQ, SPY
Looking for A Better Trend Assessment Technique? $SPY $SPX $DIA $DJIA
January 23, 2013
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Use heikin-ashi:
- White heikin-ashi candles
- The occurrence of a Pan Flute pattern (see previous post here)
- SMA(3) is still positive
Why Heikin-Ashi haDelta Works $SPX $SPY $DIA $DJIA $UPS $AMZN
October 22, 2012
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S&P 500 is ready for the bounce (haDelta at support)
An update to the previous post (daily UPS 10/19/2012) showing (again) the power of haDelta crossings at/near zero:
Friday 10/19/2012 ended with haDelta below (<) its SMA3 and a crossing at zero (warning for a strong move ahead).
Monday 10/22/2012 UPS was down 1.02% ($71.56) after hitting an intraday low of $71.02
Another proof that haDelta :: SMA3 crossings at/near zero are explosive: