XOM – critical juncture

A weekly view :
– At the horizontal support level
– At the uptrend support level
– Head and shoulders pattern

Wait for entries and see how it unfolds

XOM – waiting, waiting

A weekly chart of XOM.
A clear resistance line at the highs of 2011 and 2012, tested already numerous times without really breaking it. Get ready to hop on this ride if it moves up

PG testing the super resistance again

PG is currently testing a massive resistance level.
A look at the weekly chart shows a massive ascending triangle. If that one breaks, put in some money and look back after a year

Weekly chart on financials

On the weekly chart you can see XLF touching the resistance of the october highs and then falling back under it.A break is needed for continued upward movements.
I’ve bought some FAZ to test this resistance.

 

Trading wisdom from Einstein

I am currently on a sunny relaxing weekend in Germany (Eifel region) The only moment I had to think about trading is by the quote, written on the wall in our hotel room :

“Du hast eine Sache erst
Dann richtig verstanden,
Wenn Du sie Deiner
Grossmutter erklaren kannst.

Albert Einstein”

Translated : you can only understand something yourself if you are able to explain it to your grandma.

Keep trading simple, with no too many indicators.

Enjoy the weekend !

Dirk

Post number 200

200 posts : probably not a lot, but as I am full time employed, and do like running, being a father of 3 young kids (4, 8, 10) not that much time is left for blogging. It started as putting down all my thoughts in this blog, but starting a trading journal replaced some of the blogging. The analysis of charts however is useful to look back at and to learn from it.

I started in july 2009, but as 1 of the soo many trading blogs out there, I do not have the ambition to have a prominent place out there. If some of you like the analysis, the better. If not, let me know. Comment are very rare, so only occasional visitors (via my twitter links) come here and might use my analysis to add to their analysis. I do hope so.

So, if you want to see better, just post a comment.

Up to post 201.

Enjoy the holidays

Always a wonderfull period, especially as we have a white Christmas (after 34 years).

Merry Christmas !

For the bears ?

ST buy candidates

On this page, I also keep track of stock on my buying list.

Here is the current overview :

• UNG (way oversold) – when breaking 7.75 level
• STJ – in (40$ suport is holding)
• SUGAR – SGG – in, add when breaking 52.4
• XOM – – when breaking 200d MA @ 69
• IBM – when breaking 130
• CSCO – when breaking 26.75
• EWA – Australia – when breaking 25
• EWJ – Japan – – when breaking 10.7
• QCOM – when breaking 43.5
• AMD – when breaking 10
• MSFT – when breaking 30.5
• EMC – in, watching 19 as support level

Pigeon weather forecast

I remember my youth, when on a sunday morning before church my father was listening to the radio with on air the announcements of the release of the pigeons for their weekly race. I only remember one status : Brussels, cloudy, wait.

I have the same flash backs regarding the stock markets lately 🙂