IPGP

Broke through resistance (about 11.41) on Fri, 6/12, on strong volume. Going long at market open on Mon, 6/15.

YHOO

Been flirting with resistance (about 14.84) for a few days. Broke through and held above on 5/8 but on weak volume. Finally held with strong move up and high volume on 5/11. Going long at market open.

GOOG

Probably a "trendy" pick right now, but I just like the chart. Broke through resistance (about 379) yesterday on heavy volume. Going long at the market open today.

PALM

This stock has been trying to break through resistance (about 9.25) for several days, and finally did on 4/16 on heavy volume.  Going long at the market open on 4/17.

EMC

Strong close above resistance (about 12.50.). Heavy volume for 2nd straight day above resistance. Going long at market on Monday.

Trade Analysis

More chart analysis below on some current positions.

MNRO

LUX

Adding Another Position

RHT closed strong above resistance (about 16.20) on 3/26 on very strong volume.  Close 3/26 17.60.  Going long at the market open on 3/27.

RHT

One Loser

Was stopped out on one of my positions yesterday - ($1.61) loss.  The chart tells the story.

ACOR

Trade Analysis

A couple charts below to show how my current positions are doing. These are short-term trades.

MNRO

ACOR

ACOR

Strong close above resistance (about 26). Very strong volume. Low of 24.35 bounced off 20 day EMA resistance at 24.33. 3/20 close 26.82.
Going long at the market on Monday.

MNRO

Made new intra-day high at 27.25.  Closed well above resistance (about 25.84) on very strong volume.  3/20 close 26.43.

Going long at the market on Monday.

DIA

No change in volume from 3/12, volume still well below 20 day EMA.  Closed at 20 day EMA (71.55).  3/12 close 71.77.

3/13 bm

IAU

Close below up trendline dating back to 11/13/08, but on lower volume. Also closed below 50 day EMA (88.88) which had held on 3/4/09. New support about 87.50 (approx low on 2/3 and 2/9)? 3/10 close 88.24.

3/11 bm

USO

Held at support (about 27.61). Low volume. 3/10 close 27.83.

3/11 bm

DIA, SPY

Interesting that volume on DIA was still below 20 day EMA on big 3/10 rally. 3/10 close 69.14. Same thing on SPY. 3/10 close 72.17.

3/11 bm

IAU

Bar 1 - Close below support (about 91.27) on up volume. Look for next support at 20 day EMA (88.92)? 3/9 close 90.66.
3/10 bm

USO

Nice move up. Looks like bar 1 but closed too close to 50% level. Watch for resistance at 50 day EMA (30.13). Considered long with target at 50 day EMA and stop just below resistance, but risk-reward not good (up ~5.2%, down ~6.8%). 3/9 close 28.65.

3/10 bm

SPY

As expected, trendline was broken intra-day by the high of 70 on 3/9, although still closed below. Expect to break again, at least intra-day, by any move above 3/9 close. New short-term support at 3/6 low of 67.09? 3/9 down day was on lowest volume since 2/26 and below 20 day volume EMA. No strong opinion on next short-term direction. 3/9 close 68.11.

3/10 bm

SPY

Very sharp downtrend since 79.67 high on 2/26. Volume up 5 straight days as moved lower. Downtrend probably too steep to go short based on that trend - could not go higher than roughly 3/6 close without breaking trendline. Stop would be too tight. 3/6 close 68.92.
3/9 bm

USO

Short-term opinion can change quickly. Closed at high on 3/6 and above resistance (about 27.61), but on light volume. Less bullish than I was before Friday open. 3/6 close 27.99
3/9 bm

GLD

3/6 close just above resistance (about 91.96). Not ready to call it support. Slight move up, but again on lighter than recent volume (and lighter than 3/5). Opinion still slightly to the short side, but not much conviction either way. 3/6 close 92.29.
3/9 bm

GLD

3/5 closed at resistance (about 91.96). Also closed barely above 20 day EMA (91.80). Volume higher than 3/4, but still below 20 day EMA. Little momentum to push through resistance? However, the 1%+ drop on 3/4 had lowest volume since 2/13. 3/4 also basically held at 50 day EMA (88.54) as the low was barely below at 88.45. May churn between 20 (also resistance) and 50 day EMA in short term? Possible short with stop just above resistance? Too tight. Possible stop at this week's high of 93.61? 3/5 close 91.99.

3/6 bm

USO

Bouncing off resistance (about 27.61). Moved above on 3/4 but closed right at 27.61. Heavy volume. Open on 3/5 just below resistance at 27.33, but never went above resistance and closed at 26.56, which is just above 20 day EMA (26.43). Volume was way down. 4 of last 6 days have traded close to or above resistance. Only 2 of the 6 had high volume, both were days it traded above resistance. Seems to be signaling a strong desire by bulls to push above resistance level. Go long now with tight stop or wait for confirmation above resistance? 3/5 close 26.56.

3/6 bm

DIA

Somewhat of a "pause" on 3/3 as there was a further small drop but on much less volume. Confirmation of bar 1 and 2 "trend" as there was an up move but on lower volume than bar 1 or 2 and volume was also below 20 day EMA. 3/4 close was at roughly the high of 3/3. Time to go short? Very short term support level at 3/3 low of 67.09? 3/4 close 68.77.

3/5 bm

DIA

Bar 2 - Further drop on slighly higher volume. 3/2 close 67.83

3/3 bm

SPY

Bar 1 - Closed just below support (about 74.18) on higher volume. 2/27 close 73.93

3/2 bm

USO

Bullish momentum as 2/25 and 2/26 up moves occurred on higher volume? Slight close down on 2/27 but on light volume. Still closed above 20 day EMA. Bumping against resistance (about 27.61) however. 2/27 close 27.05

3/2 bm

DIA

Close below short-term support (about 71.04) on slight up volume. 2/27 close 70.76

3/1

GLD

Fell below support again (about 92.07) but managed to close above both that and 20 day EMA (92.44). 2/27 close 92.63.

3/1