The Nikkei 225, the major stock market index for the Tokyo Stock Exchange (TSE), closed this Friday’s trading session at 9,179.38 with a 1.96% decline. The chart of the Nikkei index has been moving sideways for a year now and could continue to head this direction until breaks from major levels take place. In case the index drops below the 9,000.00 support, the next support could be 8,493.77. If that price mark gets breached further, the next support could be 8,084.62. On the upside, the immediate resistance is the 4-month downtrend. If that gets cleared out, the next resistance could be 9,807.36 then the psychological resistance at 10,000.00.
Hiyo forex peeps! In today’s FX feature is an update on the US dollar index (please see my my previous post here). As you can see from its daily chart, the index appears to be poised for a break to the upside. Why? Well, the index has recently broken above its downtrend line and at ... More on this topic (What'...
Posted: August 19, 2010 at 7:30 am
The ABS-CBN Corporation or ABS in the Philippine Stock Exchange is one of the top TV station network in the Philippines. They are the country’s first and largest integrated media and entertainment company. The last time I posted my technical analysis of its stock chart was three months ago and many price movements have taken place ... ...
Posted: August 18, 2010 at 5:16 pm
Good day forex peeps! Here’s an update on the EURUSD pair or the fiber. Last August 12 (please see my last blog here), I noted the pair’s disastrous month when it fell by more than 450 pips after reaching a new 3-month high of 1.3334 on August 6. It’s a good thing that the previous ... More on this topic (What'...
Posted: August 17, 2010 at 2:23 pm
Hello trader friends! Here’s an update of my technical analysis on the largest home improvement retailer in the United States, The Home Depot, Inc. or HD in the New York Stock Exchange. The last time I posted on this was when it just had broken down from its 15-month uptrend last June (kindly check here). ... More on this top...
Posted: August 17, 2010 at 10:44 am
Since the start of this year, the Dow Jones Industrial Average seemed to have just been moving sideways by looking at the chart. There were times I thought it had broken down and there were also times I thought it had broken out (kindly check here). Well yeah, the 3-month resistances and supports got broken ... More on this topic ...
Posted: August 16, 2010 at 1:09 pm
Hello there! Here’s an update of my technical analysis on Filinvest Land, Inc. (FLI in the Philippine Stock Exchange) that I posted two weeks ago (kindly check here). The last time I posted about FLI stocks, they were still trying to breakout from the triangle formation by consolidating and going in and out of the ... More ...
Posted: August 16, 2010 at 8:30 am
Hewlett-Packard Company or HPQ in the New York Stock Exchange has been exchanging on a bearish track for the last couple of months. The first sign of the bad things to come was when the 50-day moving average (blue line) crossed below the 200-MA (red line). Over the last three months, its shares also failed ... More on this topic ...
Posted: August 16, 2010 at 3:30 am
Welcome to another week of forex trading! In today’s FX feature is an update of the GBPUSD pair which I posted back on August 4 (please see my previous blog here). As you can see from its 4-hour chart, the GBPUSD or the Cable has retraced downwards after reaching a 6-month high of 1.5998 on ... More on this topic (Wha...
Posted: August 16, 2010 at 2:01 am
TGIF! Welcome to another day of FX trading. In today’s chart is an update of the US dollar index (USDX) that I presented the other day (please check it here). Back then the index was still moving within a descending channel. My thinking was, it would continue to move lower since the channel was still ... More on this topic ...
Posted: August 13, 2010 at 7:06 am
Macy’s or M in the New York Stock Exchange is a chain of department stores around the US which sells clothing, footwear, bedding, furniture, jewelry, cosmetics and housewares. Aside from that, they also sell a range of merchandise on the internet. By the way, they own Bloomingdale’s as well. Yesterday, they reported a net income...
Posted: August 12, 2010 at 11:21 am
What’s up forex peeps?! Welcome to another day of forex trading! We have the EURUSD in today’s fx pick. As you can see from its 4-hour chart, the EURUSD or the fiber came crashing in yesterday’s trading. After reaching a new 3-month high just above 1.3300. , the euro slid, breaking the pair’s uptrend line ... ...
Posted: August 12, 2010 at 2:02 am
Hi guys, I have here the chart of Nihao Mineral Resources International (NI as the ticker symbol in the Philippine Stock Exchange), a Philippines-based company engaged in exploring, developing and operating nickel properties. Word on the street, Nihao is starting its first nickel shipment to China which probably propelled the stocks to move highe...
Posted: August 11, 2010 at 1:02 pm
Good day forex peep! In today’s fx special is the US dollar index. As you can see from its 4-hour chart, the index, which weighs the valuation of the greenback against a basket of currencies like the euro, pound, yen, Canadian dollar, Swedish krona, and Swiss franc, has been on a downward slope for quite ... More on this topi...
Posted: August 11, 2010 at 2:44 am
Yum! Brands, Inc. or YUM in the New York Stock Exchange is the world’s largest fast food restaurant company that cater to more than 100 countries. Restaurants they operate include Taco Bell, KFC, Pizza Hut, Wingstreet, Long John Silver’s restaurants and A&W. Chart-wise, there is a triangle formation setting up in the YUM stocks...
Posted: August 10, 2010 at 10:10 am
Last month, I posted on DTE Energy Company or DTE as listed in the New York Stock Exchange regarding the triangle formation setting up in its stock chart (kindly check here). Right now, the setup looks clearer and riper compared to when I last posted about it. The 3-month triangle shown on the image will most likely ... More on t...
Posted: August 9, 2010 at 12:06 pm
Welcome to a brand new week of forex trading! On today’s canvas is the 4-hour chart of the USDCAD pair. As you can see, the pair has been trending south for the past month. After hitting a new 3-month low of 1.0107 on August 5, it then rallied strongly. At present, it is trading below ... More on this topic (What&...
Posted: August 8, 2010 at 12:33 pm
Hello forex peeps! On today’s fx feature is the 4-hour chart of the fiber or the EURUSD pair. In my previous post about it (please see it here) last August 3, I mentioned that as long as its uptrend holds, it would continue to move higher… and it did. As you can see, the pair ... More on this topic (What'...
Posted: August 6, 2010 at 2:14 pm
Watson Pharmaceuticals or WPI in the New York Stock Exchange specializes in development, manufacturing, marketing, sale and distribution of brand and generic pharmaceutical products. In the 4th quarter of 2009, they acquired Robin Hood Holdings Limited, Cobalt Laboratories, Inc. and the Arrow Group. This year’s second quarter, their net inc...
Posted: August 6, 2010 at 12:05 pm
Hello trading fans! Last week gold provided the market with a scare when it temporarily broke its long term uptrend line (kindly see my previous blog here). As you know, a break of an uptrend could spell disaster given the possibility of a reversal. Hence, it’s a good thing that gold managed to pull itself ... More on this to...
Posted: August 5, 2010 at 2:39 pm
AOL, Inc. formerly known as American Online, a New York based internet and services media company, posted a $1.1 billion loss yesterday. Its online advertising and social-networking service Bebo were under-performing which were some of the reasons that lead to the 10-digit loss. However, after yesterday’s report of more than a billion do...
Posted: August 5, 2010 at 11:43 am
Good day FX friends! On today’s fx menu is the daily chart of the cable or the GBPUSD pair. In my last post about the pair back in July 16 (kindly see it here), I took note of the British pound’s bullish streak over the greenback. Though at that time I mentioned that it could ... More on this topic (What'...
Posted: August 4, 2010 at 1:28 pm
Pfizer Inc., an American based pharmeceutical company and one of the biggest of its kind, reported a $2.5 billion net income for the second leg of this year. Aside from that, its revenue increased 58 percent to $17.3 billion. As a result of good news, the Pfizer stocks (PFE in the New York Stock Exchange) gapped ... More on this t...
Posted: August 4, 2010 at 9:41 am
Good day FX maniacs! Here’s an update on the fiber or the EURUSD pair. As you can see, the pair has managed to bounce off the 1.3000 support and the uptrend line which I noted in my previous post (kindly see it here) to mark a new 3-month high. You see, the pair has been ... More on this topic (What's this?) ...
Posted: August 3, 2010 at 1:25 pm
The stocks of Coca-Cola Company or KO in the New York Stock Exchange has been climbing significantly. They are one of the largest producers of carbonated soft drinks which is sold to more than 200 countries around the globe. Anyway, my technical analysis on this last June was when the stocks were still moving inside the ... More o...
Posted: August 3, 2010 at 11:52 am
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