January 13, 2013

S&P 500 Weekend update

  • First chart shows price testing weekly resistance zone of 1470  -  1474
  • Weekly MACD Lines are showing a bullish cross which should help bulls to break above the resistance zone.
  • Last chart shows possible resistance line. Price sustaining above 20 Week SMA Should take SPX  towards this resistance line. For next week the resistance line is around 1513 levels.
  • RIMM WEEKEND UPDATE
  • JP MORGAN CHASE WEEKEND UPDATE
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IWM Weekend update

  • IWM Monthly chart shows price violating previous resistance level.
  • Second chart shows a resistance line in weekly chart which has worked well so far for bears.
  • Last chart shows MACD and Price with negative divergence. Bears need to see weakness at the resistance line to confirm Negative divergence. Day's closing above the resistance line means possibility of a bigger up move.
  • RIMM WEEKEND UPDATE
  • JP MORGAN CHASE WEEKEND UPDATE
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FORD Motor Weekend update

 
  • Ford weekly chart shows price closing above 50% Fib level.
  • Immediate resistance levels shown in second chart between 14.54 - 14.57 levels and Followed by the Golden ratio.
  • Month chart shows price moving towards the falling resistance line from 38 levels.
  • RIMM WEEKEND UPDATE
  • INTEL WEEKEND UPDATE
  • JP MORGAN CHASE WEEKEND UPDATE
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BANK Of America Weekend update


  • Bank of America Daily chart shows a trend line break and a MACD Sell Signal.
  • Month chart is showing weakness at upper bollinger band. Upper bollinger band is at 11.92 level.
  • Weekly chart is shown with Fib levels. Price managed to close the week above Golden ratio. For a bigger fall price must fall below the golden ratio.
  • For bulls of BAC Price must sustain above 11.92 which is the Upper Bollinger band in month chart.
  • JP MORGAN CHASE WEEKEND UPDATE
  • RIMM WEEKEND UPDATE
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