S&P500 turned neutral and maybe negaive

The major S&P 500 index broke down both short and mid-term moving averages. The breakdown is accompanied with strong volume so it looks like serious selling from big investors. The first level of possible support is 1775-1785 area as shown on the chart below.

20140124_SP500_chart_analysis_from_simple-stock-trading-com

I do not want to turn to bear mode now, but I plan to be more cautious on both sides. A few days without action could also be the solution for this week.

AET – a pullback swing trade opportunity

I see a possibility on the AET chart for reversal and new move up. AET holds 70 USD level quite well, so it can bounce from here up to 75+ USD levels. Please check earnings date as it is in front of us.

20140124_AET_swing_stock_trade_setup

The entry is at 70.76, stop loss at  69,50 and target b 74,80

 

EWJ Bullish chart pattern and setup

EWJ forms ascending triangles chart pattern on it daily and weekly chart. I think it can break up in the coming days or weeks. I See possibility to initiate a small position now and add to it later after the breakout.

20140122_EWJ_ETF_swing_trade_opportunity_from_simple_stock_trading_com

 

My stop loss now is at 11.85. My target for this trade is above the 13 USD. It can last several weeks, it could be a position trade.

Stock watchlist 20.1.2014

Bullish stocks:

ABFS, AMZN, AOL, AZPN, CFX, DRH, EFII, ETN, FLR, HOT, IP, IPG, PTEN, QCOM, R, RHI, SEIC, TEN, TEX, TWC, WAIR, SHOR, ALSN, ALV, ARG, BG, CHMT, CHTR, CPRT, CSL, DOV, EFX, INVN, KMT, LHO, LM, NYT, PCLN, VRNT, WBC, WX, PACW, ABC, AET, AMP, ASBC, AVT, BID, CTAS, DD, DOW, DPS, DVA, EMR, EXPE, FIS, GRA, GS, HON, HSIC, ITW, JKS, MDT, MMC, NDAQ, NTES, NTRS, OEH, PSX, PNR, PVTB, SE, SIAL, SWN, TRI, TXN, TXT, XOM, AFFX, GRFS, MRK, OZM

Bearish stocks:

ETR, NFLX, APL, BIG, EPB, MXIM, MCD, PEG, PNY, TEG, TGT, WGL

ETF Watchlist for a week starting 20.1.2014

Bullish ETFs:

FDN, IBB, IGN, IGV, QQQ, DIA, IAI, IAT, IYJ, IYT, IYZ, KBE, KRE, MOO, PIO, SPY, EWH, EWJ, EWD

There are many bullish exchange traded funds that are very overextended to the upside. They need some period of rest or a pullback to be tradeable with low risk again.

Bearish ETFs:

DBA, DBC, DBE, DBO, DBP, USO, EEM, EZA, TUR, EPHE, EWM, EWS, FXI, TAO, BRF, ECH, GUR, FXC

 

Commodities and Emerging Markets bearish

Two markets that are now in bear market mode are commodities and emerging markets. Their major indexes represented by exchange traded funds tell us a similar story. These two parts of global financial markets should be traded with short sell strategies these days.

20140119_EEM_chart_analysis_from_simple-stock-trading-com

 

20140119_DBC_chart_analysis_from_simple-stock-trading-com

 

US Market analysis 19.1.2014

Volume increased during a week, but the market indexes were not able to reach new highs. It is uncertain what investors want to do. Results show that there are almost the same number of bulls and bears on the market today.

The indexes are still in bullish position and it means that I plan to make only bullish trades. Every short trade,  I made in past weeks ended in loss so I do no tplan to make any other short sell trade until indexes drop significantly.

20140119_SP500_chart_analysis_from_simple-stock-trading-com