jangseohee

jangseohee

Oh dear, my short position increases again

jangseohee

What does Universal Electronics do? Just short it

jangseohee

Oops, do not mistaken this stock name as Low Density Lipoprotein :-) But the big fat channel top and current accelerated channel top are intersecting which could make it a formidable resistance! Some allowance for breakout (unless otherwise i am proven wrong) I am averaging my short between 33-36

jangseohee

so far, Home Depot is the strongest stock ever. but seems like the mid-width channel and accelerated uptrend channel cross section point (black region) could serve as a resistance. 110-120 will be my short region if i wants to jump the gun. For more confirmation, there is a need to wait for the red marubozu or big DOJI first.

jangseohee

5 days ago on boxing day, i am pinning my last reliable uptrendline to provide a resistance for me. Not surprisingly, the index closed 1 point above the 2009 uptrendline! If the bull could hold on above that trendline i would have turn bull. For the next two trading days, 2009 trendline hold up really well that price is able to KISS goodbye on both days but never...

jangseohee

3 months ago, my first post of Canadian TSX Composite Index shown the price is around 14175, and 3 months after, still not much progress And the index closed below 8 month EMA. If you take a look at 2007 top, 2011 top and compare to the current situation which are three are circled, I can see pretty similarity here. When 8ema and 20ema both starting to curve...

jangseohee

This index looks awful to me (no offense). since it broke out the 6059 mark in Jan 2013, it was contained in a range of about 800 points. Worst of all, rising wedge pattern break down. If this effect carries into Jan 2015, we could see a retest of 6059. Only a break above 6877 would mean a buy if case you are looking for confirmation of buy signal (and do not...

jangseohee

10,000 mark remains the major resistance so far. Breaking this next month would mean potential of hitting 11000 or else, we could fall back to re-test the 2009 trendline support around 9000 It has been consolidating in this range since Dec 2013, current high spin wave DOJI could be a set up for a red Jan 2015 bar first.

jangseohee

Kia Ora Kiwians, Happy 2015! Another quarter & year has passed, another quarterly and yearly candle to continue the story... If the wide uptrend channel is valid (until i am proven otherwise), there remains some upside around 6000 for the bulls to go. MACD & RSI wise, as long as the trendline has decent support, bulls will keeps on running. P.S. since i am not a...

jangseohee

Although DWTI (3X inverse crude ETN) do not really depict the exact inverse co-relation of the crude oil (in red) but i do notice that it is just about getting euphoric base on my emotional indicator. I suspect a final celebration of around 130 which also means that crude oil would take another K.O. punch from the bull before a retracement (be it weak or...

jangseohee

First, i would like to apologize for this seemingly uninteresting but informative chart. Since 2009 bottom, XLU has been engaged in current 35 degree accelerated uptrend channel When i extend important past swing points, these lines still exert certain effects when it comes to support and resistances. What particularly catch my eye is: 3 of the red lines converge...

jangseohee

Other then the US stock market, i believe the next eye-catching index will be this Shanghai Composite Index In July 2014, price broke up of this mini-triangle and then in Nov 2014, a 2nd breakout of the bigger triangle I am pretty surprise that with economy slowing down, there is still much bullishness about it. As price is really too far away from 8ema, i would...

jangseohee

After a break down from the triangle price found support at the lower channel and rebound (very quickly) A bull flag will play out if price breaks blue resistance and the break line resistance

jangseohee

ISIS has been in trading price range of around 3-22 dollar until it broke out in May 2013 though not confirm, there is a potential bearish divergence happening Strike price put option zone: 65-70

jangseohee

I hope you had a great Christmas and long weekend, fellow traders. But there is another long weekend ahead :-) According to my previous post of Russell 2000 index, the weekly chart of this index fell short of replicating the 100% bearishness in 2007! Upon hitting 66.67% similarity, the table got turnaround and instead of a down bar, we have more up bars! Just...

jangseohee

Few days ago, i just learn from a trader friend that this is not a Classical H&S because there shouldn't be anything on the left. Hence i call this as Pseudo H&S Nevertheless, price wants to break the neckline but was rejected twice within a span of 3 trading days as can be seen from the wicked. A close below 50ema would be an evening star rejection which would...

jangseohee

Prolong low price of oil is detrimental to the economic health of Canada. As can be seen from the TSX Oil & Gas, TSX Energy capped indices, both plunged together with crude oil price. Sooner or later, this ripple will start to be felt in various sector. Up until now, production from oil sands has fueled growth in other sectors, including for example...

jangseohee

In 2007, DAX had a triple top before the financial crisis In 2011, DAX has a triple top again before the major correction. Now in 2014, seems like a similar triple top is in the process (the only different is the low after second top is lower than previous two)