My $10000 Dollars

SPDR S&P 500 (SPY)

We’ve all seen S&P 500 and the general market sell off in the past since March of 2009.  Each time though, the bulls shrugged it off and came back even stronger.  Time after time, the bears were caught and the bulls prevailed.  By Q4 2009, no longs believed the sell-offs will last.  [...]

For today’s post, I want to share a chart posted by one of the traders I follow, The Evil Speculator.  At first glance, you’d question the credibility of the site, but it won’t take too long before you notice the quality of the analysis Evil Speculator offers.  If you haven’t visited their site, make sure [...]

PowerShares QQQ Trust – Nasdaq (QQQQ)
Market made quite a comeback this past week, similar to what we saw in early September.  This is why “one distribution week doesn’t make any trend”.  It bounced off nicely from the 50 day MA near the support and is looking to test the previous highs.  Many I follow [...]

PowerShares QQQ Trust – Nasdaq (QQQQ)
With big distribution week, Nasdaq QQQQ now broke through the rising wedge.  It even broke through the resistance around $41 and the volume was pretty good.  This is now looking like an opportunity for me.  For those of you patiently waiting for the right timing, this may be your [...]

PowerShares QQQ Trust – Nasdaq (QQQQ)
While QQQQ is still trading within the rising wedge channel, it is testing the resistance now.  Given last week’s distribution, I would be very cautious as a long, paying close attention to the prices in the next few weeks.  Now this could also mean it’s a buying opportunity, and [...]

PowerShares QQQ Trust – Nasdaq (QQQQ)
Nasdaq continues to trade within the rising wedge pattern.  Since breaking out from the resistance, it’s going strong.  If you’re thinking of going long, keep your stops tight as it’s approaching the top of the rising wedge.  Nasdaq could break through and continue higher, but the risk of a [...]

I’ve covered SOHU a few times in the past (here and here), so you’re aware that I follow this stock by now.  As many have been paying attention to the recent break out, SOHU has gained significant momentum in the past few days.  Well, today was a bit different with indecision kicking in.  First I sold [...]

Here are some of the stocks I have been watching for breakouts that are worth paying attention to.  Big week for General Electric (GE), Sohu, Inc (SOHU) who both broke out and rallied strong so far this week.   I am definitely paying attention to these two stocks this week.