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Sunday, May 1, 2022

The Sad Look of Some Well-Known Stocks (May 1st, 2022)

These stocks are popular among investors.   How many of us have a chance to take a look at their daily charts after four solid months of huge market price erosion.   Today, we take few well-known companies' daily charts to illustrate the damages that the market has done to these stocks.   It is still hard to predict the market's future when the investment environment is the least desirable for years or even decades.   There is one common characteristic among these charts: there are many overhead resistances and few supports.   In other words, it is much easier to go lower than to make some headway on the upside.    

    AMD daily chart (April 29th, 2022)

    AMZN daily chart (April 29th, 2022)


    FB daily chart (April 29th, 2022)


    MSFT daily chart (April 29th, 2022)


    NFLX daily chart (April 29th, 2022)


    NVDA daily chart (April 29th, 2022)


    TSLA daily chart (April 29th, 2022)
  

    TWTR daily chart (May 2nd, 2022)




Thursday, March 24, 2022

Tesla (TSLA) is on a Wild Ride! (March 24th, 2022)




 

Short Video "What is This Book All About?"

This video gives a brief summary of what this book is all about.  Visitors are encouraged to watch this video.  Among other things, it gives you an idea about the philosophy behind the author's charting style.  

Please click the picture below to watch this short video.  


 

Wednesday, March 16, 2022

Key S&P 500 Price Levels to Watch For (March 16th, 2022)

Today, the S&P 500 Index shows some signs to move higher.   However, it is still too early to tell whether it turns into an up trend.  Through these two charts, we try to show 1) the challenges that the Index faces and 2) the key price levels that we need to watch for. 




Sunday, March 13, 2022

The Market is Very Sick Indeed (March 13th, 2022)

Since our March 7th post, the indices stay pretty much the same.  However, do these sideway price movements and huge daily price moves affect the overall health of the market?  They do.  Every price move carries with it a different meaning to the overall market. 


 

Tuesday, March 8, 2022

Anticipating Further Gasoline Price Surge if US Imposes Russian Oil Import Ban (March 8th, 2022)

The US is about to ban Russian oil imports.  When this happens, gasoline price will shoot higher.  We need to redo our analyses as our previous analyses did not take potential sharp crude oil price surge into account.




Monday, March 7, 2022

Market Suffered Heavy Losses Today (March 7th, 2022)

In this turbulent market, it seems a very long time since we covered SPX and NASDAQ Index in our February 26th posts.   Today, the market suffered heavy losses.   S&P 500 Index closed down 127.78 points and NASDAQ Index lost 482.475 points.   It is difficult for any investor to assess the damage done to the market without taking a look at the charts.  So, we feature these two charts as the situation warrants.




Monday, February 28, 2022

Major Defense Companies on the Move (February 28th, 2022)

Shares of major defense contractors are higher today on prospects of higher defense spending in the wake of Russia's invasion of Ukraine.  Here are three major defense companies.