NAPit

NAPit

This is a monthly chart. Geared towards foreseeing next years events.

NAPit

Fiscal cliff will be resolved just fine, and the markets will turn back to troubles in Europe. That is just speculation based on the analysis of EUR/USD and the American equity markets. EUR/USD doesn't appear to have the strength to punch through the upper trend line.

NAPit

For a closer look at the market see the 1H chart

NAPit

You get the hint? Link to the Daily chart. Put's this chart into context.

NAPit

Spy is possibly forming a megaphone shape on the daily chart

NAPit

Even though my previous call on ZION didn't work out, I do not see any sign of this trend line breaking down. Therefore I've decided to give it another try.

NAPit

I suggest checking out the weekly chart.

NAPit

I think that SP500 will eventually climb to all time highs. Will it break them? No clue. But touch them - very sure SPY will. Here's a longer term overview of SPY. Main idea of both charts is that there is no distribution visible. More in-depth analysis here prezi.com

NAPit

Looking at the current state of affairs, it appears that this rally will continue as long as no major volume hit the market. Observe where the volume spikes up. The main focus is the daily idea here: The longer term is just the overview of the accumulation/distribution in SPY More info here. prezi.com

NAPit

The volume suggests that ZION will continue with it's original trajectory after taking a small hit today

NAPit

This trade depends entirely on how the indexes perform. The stock came off the yearly lows nicely; the bounce off strong support was a beauty. It is now on it's way up, however, at this time it might retrace. That's why the stop loss is this tight.

NAPit

Western Union has been consolidating after suffering a huge drop. the consolidation seems bullish, with good volume and at decent support. Limited downside, with much potential upside.

NAPit

Sorry, I had to turn the volume off because it was blocking the chart CLF looks oversold. Weekly showing big increase in volume lately and the price approaching some decent support. Considering that the market overall might shoot up soon, I'm willing to enter this trade. Since there hasn't been great amount of evidence yet that the stock will reverse, I'm keep...

NAPit

Well, today was interesting. All stocks on my watch list managed to climb. This one fell. Guess where I went in, thinking that the overall market will go up - at the high of the day. Oh well, might be for the best, because this stocks seems more index independent than others on my list. Why PEG? Because I missed the chance in ZION, and USB. STJ was too...

NAPit

A little gamble I took in STJ after the huge decline in price. Not much rhyme or reason in that decision, just a little bit of support and an educated guess that sellers are exhausted.

NAPit

Although I expect this sudden gap candle to be followed by a quick retrace back down to support, it does show that the market is oversold and is itching to have a rally. I will buy if I see the signs of buying around the level of entry that I have up on the chart. My watch list is ZION, USB, and PEG.

NAPit

Even though I'm quite bullish on the overall market, I decided to short Rogers. 1. Clearly overbought and out of steam 2. Telecomm index was also quite overbought (probably due to Rogers) 3. Wasn't quite bullish on the overall Canadian market, without American support Red - stop Green - target *I use a different platform for my analysis

NAPit

I'm expecting a small correction down, before we see more accumulation/absorption. The green stripe is both strong support and a buy zone. Weekly charts suggest that this would be a good mid-term trade. ------------------- My decisions are based upon my charts in a different platform.