Actual situation – US markets

Recent pullback released a little bit of hot air from markets. Situation moved into more neutral and also significantly showed strongest and weakest part of the market.

S&P500 is in a neutral position. Price is caught in the support area of both major moving averages. The Nasdaq 100 is in a slightly better position.

Commodities have turned bearish again and Emerging Markets are nearing the support level of their current trading range.

20131215_SP500_chart_analysis_from_simple-stock-trading-com

 

XOM is bullish

Another stock I have found today is XOM. This ticker shown nice relative strength. I like to buy it above 96.50 with a stop under 95.20 and target at 100

20131213_XOM_breakout_stock_trade_setup

STLD trade setup

STLD acts well in current market pullback. It offers good pullback trade setup. My entry is at 18.91 , stop loss at 18.55 and initial target at 20.30 USD.

20131213_STLD_breakout_stock_trade_setup

Emerging markets analysis

The situation in emerging markets is not clear. The broad based ETF EEM moves in a trading range. Detailed analysis of individual markets shows that you can find some bullish picks and also bearish picks.

20131208_EEM_emerging_markets_ETF_chart_analysis_from_simple-stock-trading-com

Stock market analysis

The situation is bullish on US stock markets. S&P500 starts new move up after a small and healthy pullback

All short trades I did in the previous four weeks ended in a loss. It is not a good time to short any stock in this stock market situation. I plan to do only bullish trades with stocks and sector based ETFs

20131208_SP500_chart_analysis_from_simple-stock-trading-com

 

 

 

 

ETF watchlist – 8.12.2013

Bullish ETFs: SMH, IBB, XBI, IAI, IAT, IHF, IHI, IYH, IYJ, IYK, KRE, PPH, SPY, NIB, CHIQ, EWH, EWM, FXI, GXC, HAO

Bearish ETFs: COPX, GDX, GDXJ, ICF, IYR, MORT, SIL, TAN, DBA, DBB, DBP, SLV, EPHE, EWS, IDX, THD, BRF, ECH, EPU, EWZ, EWI, EWO, EWQ, TLT, IEF

CSC breakout trade setup

I have CSC in my watchlist. I like the base it has formed with clear resistance at the 54USD. I want to buy it above 54.30 with stop at 53.30 and target under 60 (59.50)

20131206_CSC_chart_analysis_from_simple-stock-trading-com

I opened a small aggressive bull position already at current levels.

 

STX trade setup

STX offers a possibility of new breakout above the 50 USD level. My setup parameters are :

entry at 50.75, stop 49.60 and target area near the 55 USD

 

20131204_STX_chart_analysis_from_simple-stock-trading-com