DBTK (Potential BOUNCE Pattern)

 Looking for nice inside candlestick end of this Friday.

SRDX (BOUNCE PATTERN: SELL)

I closed my very first position. The reason was simple, the stock is near resistance and the lack of volume convinced me is time to move on.

SPY & SDS Observations 10.24.07

 In order for the market to go higher, SDS needs to fail on the support here. I’ve raised my stop loss for SRDX because stock is moving up without much volume.

SPY & SDS Observations 10.22.07

SPY & SDS Observations 10.16.07

The Kirk Report mentioned the cup with handle formation, and I want market to go sideways here. Usually November and December are good months for stocks. If market can consolidate here, I have few stocks I want to add on and buy.

SPY Observation 10.15.07

I’m not expecting SPY to close positive for the week. Since this bull market started, only 3 out of 10 times did SPY close higher following 5 positive weeks of close.

10k Project Portfolio

http://www.stockalicious.com/stock_journal/1304

* Value: $10,078.00
* Return: 0.09%
* Did you beat the
– Dow Jones (0.19%): No
– NASDAQ (0.91%): No
– S&P 500 (0.27%): No

SPY Obeservation 10.09.07

Avg. duration when SPY closes above 5MA: 6 months
Avg. duration when SPY closes below 5MA: 2 months

ANET (RUNWAY Pattern)

BOUNCE Pattern can also be seen on the quarterly chart.

SPY Observation 10.08.07

So far, SPY is up four weeks in a row. Can SPY make it five in a row? I did some research by looking at the weekly chart of SPY to see what happens after being up four weeks in a row. To my amazement, 10 out of 10 times the SPY went up on the fifth week.