Thread: Twodaystocks' Weekly charts

Originally Posted by twodaystocks

Ill try to post weekly charts of whatever fund I am in and why I am in that particular fund, as well as provide my feedback and opinions on the current market activity.

I'm looking forward to seeing your stuff. Thanks.

There is some chatter on CNBC regarding some positive news that could come out of europe later today. If that is true, I look for the markets to make their moves back towards positive territory.

26 Nov 12 C fund intraday.png

You can see the intraday chart of the S&P showed a pullback and test of its 50 moving average. It now looks to be testing the 20 moving average as resistance. We might see another test of the 50 as support before breaking higher around the same time this (hopefully positive) news breaks on CNBC. Fingers crossed.

I said earlier that the S&P might retest its 50 day moving average again before going any higher.

26 Nov 12 C fund intraday2.png

Looks like my short term prediction was correct, now my question is, will it hold and allow the S&P to close above 1400? I'll have to wait for the news this afternoon to find out, but the short term chart looks good.

Another technical intraday chart update showing the point where support was tested, then the chart broke out to a higher high than before and that breakout point became a tested support level. I LOVE TECHNICAL CHART ANALYSIS!

26 Nov 12 C fund intraday3.png

If the chart breaks out above its daily high point which is around 1404, that is a VERY good bullish sign.

You're posting a 5 minute chart in a thread titled weekly charts, you may start confusing the elderly...

Good point. Maybe I should change the title to just "charts". Not trying to confuse anyone. Sorry if I did.

And here I've been looking for love in all the wrong places - can we see the transports.

Originally Posted by Birchtree

And here I've been looking for love in all the wrong places - can we see the transports.

DJUSTS? weekly, daily, intraday?

Originally Posted by JTH

You're posting a 5 minute chart in a thread titled weekly charts, you may start confusing the elderly...

Originally Posted by twodaystocks

Good point. Maybe I should change the title to just "charts". Not trying to confuse anyone. Sorry if I did.

Or just put it all in your account thread. You can put whatever the heck you want in there.

Originally Posted by Sensei

Or just put it all in your account thread. You can put whatever the heck you want in there.

He did have a point. It was labeled the weekly charts, not the intraday charts. Ill just have to be more clear about what I am posting bc it is easy to get confused sometimes.

Originally Posted by twodaystocks

He did have a point. It was labeled the weekly charts, not the intraday charts. Ill just have to be more clear about what I am posting bc it is easy to get confused sometimes.

Sorry, I was scratching my head (for a second) wondering why my weekly's looked nothing like yours. Nothing wrong with a thread titled weekly's, some folks like to focus on that timeframe. More folks tend to get caught up in the heat of the short-term and forget to step back and look at the bigger picture, having someone keep track of the weekly charts helps everyone.