Thursday, May 14, 2009




15 minutes to go until end of day so closing thing out and going mountain biking


FAZ












SKF

















SRS




Finally getting some volume in the market after a lot of choppyness. Time to get back long SKF SRS FAZ


Markets moving away from the chop.













SKF











SRS















FAZ



The coal sector is in play today making new daily highs


ACI














BTU

















PCX

If you were in the markets you probably saw the little fake out that was tried.  Quite a large red candles showed up as the afternoon session started.  If you keep calm and noticed that there was no volume along with it then you hung on to your longs and maybe even added some size.




Getting close to the afternoon session. Original day trends look to be continuing


CNQ












FAS














SKF

















SRS




With things like SKF , SRS turning up, look for the markets to fall


SKF












SRS
















CNQ

















MS



Bank stocks making new highs at the moment.

JPM













MS



















WFC



Markets are conitinuing their upward trends from early with new highs and lows being made.


CNQ













FAS











SRS

By the 15's



Looking at the 15 minute charts, the momentum change can very clearly be seen. Will it continue? Will it go back to the original trend? No one knows. However I do know that it's prudent to take the money the market offers at times like these.

SRS










CNQ




First signs of slowing momo appearing so it's smart to take the $. Trade them the opposite way or wait until they break to new highs. 

CNQ shows smaller candles. Getting tired after its run







FITB going vertical while other bank stocks are topping so its a good place to sell it












VNO shows smaller candles.









SRS traded opposite of VNO, now making a turn upwards.

Todays patterns



Some textbook patterns are showing up today

VNO. Cup and handle formation and break higher.














CNQ. Ascending triangle breakout to new highs