Wednesday, April 28, 2010

Bearish Megaphone patterns abound...

First up, check out the short term expanding diagonal in SPY.


Also, here's a longer term megaphone in the works (thanks Jim). Target for NYSE looks to be 6500-6600.

Courtesy Stocktiming.com

As for the TSP, I'm looking for a convincing bounce off the 34EMA before jumping head first into the S fund. It could happen this week. I'll keep this site updated with the latest developments and my thinking.

Saturday, April 17, 2010

The CCI and CMF

I'm loving these 2 indicators. They've been very profitable the last few weeks, not for the TSP for me yet, but for my personal account. When the CCI or CMF is decreasing, draw a subjective resistance line, and when it rises above that line, buy. Conversely, when the CCI/CMF are rising, draw a subjective line as support and when it falls below, sell. Here are some of the stocks I've been playing. The last chart shows some potential SPY buy & sell signals. Sometimes the CCI works better, sometimes the CMF. When they both show a signal, confidence is even higher.

FNM


PPHM


SIRI


ANDS



SPY with fictitious/hypothetical signals...