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Options and Stock Market Technical Chart Analysis for July 24, 2009 by Idan Koren

admin — Tue, 09 Mar 2010 16:46:11 +0000

Today I look at some overbought conditions both on the RSI and MACD, and explain the significance in these embedded environments as we hit some extremely strong necktie resistances between two huge trendlines. While the 38.2% are very close, and people expect us to hit it, I believe the first push lower of either a reversal or consolidation might start as soon as early or late monday and will continue for more than one day. In this video I also look at the inverse H&S on the Dow and S&P that broke out and explain what the ramifications may be for a very strong red week. I also look at GS, AAPL, AMZN.

Duration : 0:11:0

[youtube hdOAyntrCUo]

Options and Stock Market Technical Chart Analysis for January 24, 2010 by Idan Koren

admin — Tue, 16 Feb 2010 14:42:42 +0000

Today we step back and look at the last 3 days of trading as they have broken both the ascending wedge formation and the megaphone formation to the downside (both are very bearish patterns).

My guess is that we could have started a shorter-term and potentially a longer term top. I outline the channel that people should be eying and the type of trades that we should be looking at. I also look at our 2 short trades that have been working out nicely

Duration : 0:5:1

[youtube x-VclNESc3s]

Options and Stock Market Technical Chart Analysis for July 2, 2009 by Idan Koren (PART1)

admin — Sun, 31 Jan 2010 04:48:38 +0000

Hey guys,
I have compiled a 3 part long video that not only talks about the SPY to its full extent but also about 8 different charts and how we’re suppose to read into this type of market. In this video I concentrate on the SPY. For the SPY I look at a potential move lower in early trading only to reverse and end up a little higher. I do believe that the H&S will eventually break but this might take another 4-5 days. I look at potential targets for the SPY as we move lower and where I believe shorting would be most desirable.

Duration : 0:9:43

[youtube RvrGUMi8Fp8]

Options and Stock Market Technical Chart Analysis for June 22, 2009 by Idan Koren

admin — Wed, 30 Dec 2009 01:52:34 +0000

Today I look only at the SPY and VIX chart, but I forecast two potential scenarios in the market, that both lead to a higher (lower volume) ending day (0.5-1%) for tuesdays trade. The first is a small gap higher due to the amateurish action that happened in the last 20 minutes of trading and then a sustained low volume increase until the end of the day, potentially forming a doji green candle. The second is a continued sell off lower to hit the 88.20 level in which we will reverse mid day and end the day potentially flat or slightly positive. I hope you take my words of advice that I put out on this video because it is extremely important in order to become a good trader!

Duration : 0:10:20

[youtube la64HEJf4UU]

Options and Stock Market Technical Analysis for August 14, 2009 by Idan Koren

admin — Thu, 17 Dec 2009 21:23:39 +0000

Friday’s trading day was a game changer, the last hour rally was not one of just a short squeeze before a weekend but one that showed that we are now trading in a triangle formation and we could potentially break to the upside. I, However, suggest people play the triangle formation before getting all that bullish. The reason i have more inclination to the bullish side is because a triangle formation after a rally is usually looked upon as consolidation and the next move is usually a breakout to the upside, once that happens the market can shoot to the 1030-1040, and that will probably be the end of Primary wave 2, before a new bear market begins.

Duration : 0:4:58

[youtube s-Y9EBLB5xA]

Options and Stock Market Technical Chart Analysis for June 26, 2009 by idan Koren

admin — Sun, 06 Dec 2009 04:01:42 +0000

Today I update my fellow viewers on what the last 2 days of action really mean for this market. The DOJI candle that formed today on incredible low day could be viewed as two things: The first, is that it is a consolidation pattern for the huge move up that we had on Thursday. The second is that it is an indecision reversal candle. i would believe the former only if we get another day of consolidation down on low volume. However, I believe the latter because there are a lot of resistance which points could point to a move lower. We formed a double top area at 922 on the SPX, and this could actually be the top of the right shoulder. As we form the Head and Shoulders formation, other resistances such as the 923 level, descending channel, 20 SMA Daily lie overhead and could provide a strong push lower. Monday’s action could be one of a fakeout, we might get a rally in early trading to hit those resistances and then fall down from there to at least down 1.5%. If we fall down on low volume though, I will look to position myself long. My other advice is to not get too bullish before the 923-924 is broken. And also to take profits at the 880 level if it is reached at any point next week. We could very well break 880 but i think taking some profits off there is important and essential. I look at the SPY, AAPL, GS and VIX

Have a great weekend!

Duration : 0:7:46

[youtube H4tQa93GJXk]

Options and Stock Market Technical Chart Analysis for November 1, 2009 by Idan Koren

admin — Wed, 02 Dec 2009 13:58:21 +0000

Here is what I think might be happening in the near future!

Duration : 0:5:1

[youtube GQF-iGDUPjI]

Weekly Market Overview November 1, 2009

admin — Sat, 28 Nov 2009 21:02:35 +0000

Keith Attoe, C.A., C. Dir. gives a weekly market overview for this week in the markets. the Intel anecdote explains much about the market. For more info go to www.keithattoe.com

Duration : 0:4:56

[youtube toZGqyKCxFM]

Options and Stock Market Technical Chart Analysis for May 29, 2009 by Idan Koren

admin — Sun, 22 Nov 2009 04:00:26 +0000

Hey guys,
Today I give out a daily, weekly and monthly update of what I think is to come. Today’s last 10 minute of trading was probably due money managers and institutions wanting to have some of that long exposure to show their clients and tell them that they have not totally missed the 4-5% move up for the month of may. In the past 2.5 weeks we have been trading in a descending triangle formation, and we managed to break out in the last 10 minutes of trading, just to find resistance at another descending resistance which dates back to november and the january 6th high. In the first 5 minutes of the afterhours trading both the ES and the SPY hit the 200 SMA, even though the S&P remains 1 % away from the 200 DMA, there is a chance, that it may never touch it, since it’s been touched in the after-hours. We could however, see a small push on the S&P to touch that 200 SMA at 924-926 only to back off later in the week. Note: The Dow Jones 200 SMA is still about 4-5% away though, and that a fakeout slightly higher is possible. The financials today were weak, and kept the market from breaking to new highs, although at around 3:15pm the financials finally caught a bid and helped this market break out of a symmetric triangle on the 10 minute candle scale and then we saw the massive shoot up higher. Today I also look at the VIX, XLF, and explain why i see that we could move lower for the next month or month and a half.

Duration : 0:9:36

[youtube Yg7hry1lc-c]

Options and Stock Market Technical Chart Analysis for June 30 2009 by Idan Koren

admin — Wed, 18 Nov 2009 21:04:34 +0000

Today I look at the SPY, GS, VIX, AAPL, AMZN and talk about some other charts as we end the month with a Doji candle and the day down with somewhat stronger volume. The action is still not bearish and is more neutral, wednesday and thursday will be incredibly important.

Duration : 0:8:38

[youtube YfH5g_ndXFg]