Jan
31

Keeping An Eye On The Big Picture – S&P 500 From 1930 Forward

Charts and Coffee on January 31st, 2009 at 3:20 pm Central Time

Posted below are 3 different charts. One is of the $SPX from the late 1920s through January 31, 2009. The next one is a 10 year chart commencing in 1999, and last a 5 year chart from 2004.

With everyone trying to play every wiggle, I have decided that I am going to dedicate this post [...]

More on this topic (What's this?)
ROSENBERG: THE MARKET LOOKS TOPPY (THE PRAGMATIC CAPITALIST, 3/3/10)
Data Highly Bullish for S&P 500, Not So Much for Banks (COTs Timer, 3/2/10)
The Dividend Stock Recovery: Get Ready for a High-Yield Bonanza (Investment U, 2/22/10)
A Comprehensive Look At Investor Sentiment (The Technical Take, 3/4/10)
Read more on S&P 500 (SPX) at Wikinvest

Continue reading about Keeping An Eye On The Big Picture – S&P 500 From 1930 Forward

RedditFacebookStumbleuponDiggDel.icio.us Fibonacci Friendly, SPY Comments
Jan
30

Journal Entry – A Day of Churn

Charts and Coffee on January 30th, 2009 at 6:00 pm Central Time

After a lot of movement up and down today, my portfolio closed within dollars of where it started. The premise of today was a bet on SPY holding 850 and the GDP number coming in better than expected. As often happens, the GDP number was better than expected and the market went down anyway. Why? [...]

Continue reading about Journal Entry – A Day of Churn

AAPL, JO, SPY, qqqq Comments
Jan
29

SPY Remains Obedient, GDP Report Tomorrow, Gold

Charts and Coffee on January 29th, 2009 at 7:56 pm Central Time

SPY continued to be obedient today closing just below the low end of the trading range which I had marked as $84.84. I took off my short SPY hedge at $85. I also closed out my IWM short at the same time. I’ll be watching tomorrow morning closely. I’m somewhat nervous because I go into [...]

Continue reading about SPY Remains Obedient, GDP Report Tomorrow, Gold

Fibonacci Friendly, GLD, Precious Metals, SLV, SPY Comments
Jan
28

SPY is Fib Friendly and a Look at Some Old Ideas

Charts and Coffee on January 28th, 2009 at 5:25 pm Central Time

With the strength in the financials last night, it looked like today could be the day to get out of the $80.5-$85 range on SPY. The market gapped up on the open and closed at $87.39. It looks like there is a strong possibility that we are in a new trading range. Look at the [...]

More on this topic (What's this?)
Five years of trend trading in SPY (All Allan, 2/14/10)
Why I Think We Need To Go Lower Before Going Higher (The Technical Take, 2/12/10)
Reading the Tape: A Few Signals Which foretell (SPY) (Hedge Accordingly, 2/12/10)
SPY Daily & Weekly Models (All Allan, 2/16/10)
Read more on SPDR Trust Series I at Wikinvest

Continue reading about SPY is Fib Friendly and a Look at Some Old Ideas

Bond Funds, Fibonacci Friendly, HYG, JNK, SPY, TLAB, XLU, XLV Comments
Jan
27

After Hours Trade and Formation of "Bad Bank"

Charts and Coffee on January 27th, 2009 at 8:48 pm Central Time

The after hours trade was quite interesting tonight. Apparently word is leaking out that the government will be forming a “bad bank” to purchase bad assets from banks.
The following action occurred in my junk long portfolio:
BAC: up 8.33% during regular trade, up another 9.54% AHC: up 6.61% during regular trade, up another 9.30% AHBCS: [...]

Continue reading about After Hours Trade and Formation of "Bad Bank"

BAC, Banking Stocks, C, SPY Comments
Jan
26

(JO) – Watching Coffee …

Charts and Coffee on January 26th, 2009 at 8:41 pm Central Time

The blog is called Charts and Coffee. Tonight I am looking at the Coffee ETN (JO). In part because this is a decent trade, perhaps more because I just wanted to discuss trading coffee on my blog.
This is thinly traded. Average volume of 2500 shares per day. I’m guessing the spreads are pretty wide meaning [...]

More on this topic (What's this?)
JO Hambro Shuts Hedge Fund After VW-Porsche Trade (Hedge Fund Blogs From HedgeCo.Net, 11/20/08)
A cup of JO: Invest in coffee with an ETN (Blogging Stocks, 4/25/09)
A (JO)lt Of Morning Coffee (Hard Assets Investor, 4/23/09)
Read more on IPath Dow Jones-AIG Coffee Total Return Sub-Index ETN at Wikinvest

Continue reading about (JO) – Watching Coffee …

JO Comments
Jan
26

(SPY) – Working the Plan

Charts and Coffee on January 26th, 2009 at 6:22 pm Central Time

Let’s take a look back at SPY. Yesterday I mentioned in short not to get hacked up with the wiggles between $80.5 and $85. Today looked strong early but there was really no huge catalyst except the bank stocks were up huge in Europe (or pick other irrelevant reason A,B or C for the move [...]

More on this topic (What's this?)
Five years of trend trading in SPY (All Allan, 2/14/10)
Reading the Tape: A Few Signals Which foretell (SPY) (Hedge Accordingly, 2/12/10)
SPY Daily & Weekly Models (All Allan, 2/16/10)
Why I Think We Need To Go Lower Before Going Higher (The Technical Take, 2/12/10)
Read more on SPDR Trust Series I at Wikinvest

Continue reading about (SPY) – Working the Plan

GLD, Precious Metals, SLV, SPY Comments
Jan
25

For Those Watching Gold … Watch Silver

Charts and Coffee on January 25th, 2009 at 9:25 pm Central Time

It seems that gold is talk of radio commercials, CNBC and even in the blog world. There seems to be a lot of indecision right on the direction of gold. I can’t get a feel on the chart. What I do know is that silver is generally very highly correlated to gold. Look at the [...]

More on this topic (What's this?)
“This Silver Stock Set to Soar in 2010″ (Stock Gumshoe, 1/12/10)
Ultimate Suburban Survivalist – 5 Tips for Gold and Silver Buyers (Red Hot Energy and Gold - Global..., 1/28/10)
Between Silver and Gold (All Allan, 3/1/10)
Why Silver Should Head Higher (Red Hot Energy and Gold - Global..., 3/4/10)
Read more on Gold, Silver at Wikinvest

Continue reading about For Those Watching Gold … Watch Silver

GLD, Precious Metals, SLV Comments
Jan
25

Time to Have Patience Again (SPY, C, BAC)

Charts and Coffee on January 25th, 2009 at 6:41 pm Central Time

Like everyone else, I’m trying to figure out the market direction for the week. Let’s take a look at SPY:

I am using SPY (as opposed to IWM or other composite indexes) because it seems to be the most fib compliant. I have added tags to the blog. One category I plan to include is “Fibonacci [...]

Continue reading about Time to Have Patience Again (SPY, C, BAC)

BAC, Banking Stocks, C, Fibonacci Friendly, SPY Comments
Jan
24

(UGA) – Waiting for Breakout on Gasoline and Barron’s

Charts and Coffee on January 24th, 2009 at 7:51 pm Central Time

The cover of Barron’s this week says to “Buy Oil.” At best, the oil chart could potentially be in the process of forming a double bottom (using USO as a proxy). This means nothing because the pattern is not close to completion.
On the other hand, UGA (gasoline) could be an inverse head and shoulders and [...]

Continue reading about (UGA) – Waiting for Breakout on Gasoline and Barron’s

Oil and Gas, UGA Comments
Disclaimer: This blog does not and is not intended to provide financial advice of any kind. Any commentary used on this page is for purposes of discussion only. You should not construe anything on Charts and Coffee as recommendations to buy or sell securities and you should not construe anything on this page as legal, tax, investment, financial or any other type of advice. Nothing contained on this page constitutes a solicitation, recommendation, promotion, endorsement, encouragement or offer to buy or sell (whether it is securities or otherwise) by Charts and Coffee, its owners, representatives or agents.