April 11, 2013

  • ES 30 Minutes chart shows price moving up above the trend line.
  • 30 Minutes cloud too is giving support for bulls.
  • Weakness on breaking these two levels. 
  • APPLE CHART ANALYSIS
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  • Blackberry daily chart shows a triangle breakdown.
  • But bears need to close below 100 Day SMA and 38.2% Fib level. 
  • Unable to break the above support levels and re-entering the pattern may result in an up move.
  • APPLE CHART ANALYSIS
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  • Apple nearing its 20 Day SMA. Price must close above 20 SMA to extend gains. 
  • Daily chart also has 50 Day SMA and Daily cloud as resistance levels.
  • Weekly MACD is nearing a buy signal. A Bullish closing for the week may confirm a MACD Buy signal.
  • S&P 500 ANALYSIS AFTER CLOSING BELL



  • SPX Continues to move up staying inside the weekly channel.
  • The trend line break did not happened which might have given a MACD sell signal. Instead It acted as support for new high's to be made.
  • Daily chart shows the smaller corrections in the up trend getting support at 50 Day SMA.
  • Bears need to break the weekly up trend line and 50 Day SMA For a bigger fall to unfold. 
  • APPLE CHART ANALYSIS
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore