Thursday, March 17, 2011

Mapping it out

1:57 pm (Hawaii). AAPL trading at 334.20 as afterhours trading winds up. That's more than a 50% retrace from today's high since yesterday's close. A number of charts look interesting. Examining the candlesticks is a healthy way to view the market and sectors, eliminating whatever emotion or bias that may exist.

AAPL reaching toward 50-day MA (rope of hope)
after dipping to the 100-day MA

Selling pressure in AAPL the past two days

Since the initial dip, EWJ has hovered around 10

The Fukushima disaster had EWJ at support;
another setback could test 8 or lower

Yen is king for now
FXY at historic highs

FXY 10 day

CRR benefits from Middle East chaos

CRR benefits from Japan's nuclear energy shutdown
but talk about wild swings to the upside

UCO's wild roller coaster ride

Few have told a market top tale like LULU

NFLX, another overbought stock
The upgrade this week saved its ass

Since doubling in less than 6 months, 
SLW has been range-bound

TVIX is live dynamite in your hands
Last to hold gets kablooeyed

Food inflation is bad for peasants (me) but
good for MOS, which is at support

MOS 5 day is a daytrader's fun toy

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