Ramblings of a Niche Marketer & His Life

After the correction in December, it seems like gold is heading up again once more. Price now is already above the 200-day moving average. Gold has broken through the resistance trend line as show in the chart (click for bigger view). I am using ichimoku clouds to aid me once more. 4 reasons why gold [...]

After I posted that STI had a bullish breakout,  I waited for the pullback and go long on one of the STI counters at 1.12. I already had in mind a partial profit taking level at 1.16 should it reached there. STI rallied and the counter hit 1.16. So, I sold half of my positions and [...]

I am quite surprised that the STI is so bullish during the past 4 days. The shortists must have been squeezed till they choked by now. The chart above is the STI daily (click for bigger view) and I am using the Ichimoku Clouds indicator to “see” the overall picture. I guess most people are not [...]

S&P 500 is forming a rising wedge as shown in the chart above. (click the picture for a bigger view). A rising wedge is a generally a bearish chart pattern. But at the mean time, I am still bullish about the market. There is still room for the price to go up and reach the [...]

I happened to browse in a book store and came across a book called: Harmonic Trading – Profiting from the Natural Order of the Financial Markets. Initially I thought it was some kind of Elliot Wave materials. It’s not really about that. Let me define harmonic trading, directly from the book itself: “Harmonic Trading is [...]

A classic example of the bearish Belt Hold candlestick pattern from Kimco Realty (KIM) This pattern is formed with a very big gap away from the current uptrend. It opens at its high and immediately backs off for the rest of the day. As you can see from the chart above, this counter gap up [...]

On 22 Sep, Morgan Stanley formed a hammer. What made it significant is that it gapped down from the prior day. Market had a massive sell-off after Fed chief, Ben Bernanke announced “Operation Twist”. Market already expected it and there were no more unexpected good news. So, a typical buy on rumors sell on news. [...]

The chart above is Tesoro (TSO) at the end of trading day on 23 Sep 2011 (Fri). The market had a massive sell-off for the past 2 days. Tesoro had a big gap down as seen from chart. On Friday, it formed a southern Doji. After a big bearish red candle, and then a doji… [...]

The bearish reversal pattern from Texas Instruments (TXN) shown on the chart above is a Tri Star Doji. I have came across such pattern in candlestick textbook, but this is the first time I have seen one in “real life”. This pattern is quite rare. When a Doji is formed, basically it is telling us [...]

Take a look at chart of Yahoo above. Can you see what I see? Candlestick: Shooting Star Channel: Closed below the resistance Stochastic: Overbought Moving Average: Very far away from the 20/50 day MA Where do you think Yahoo will be moving next most likely? Up or down? You decide.