3 replies to this topic

[Trend-Signals]

Making DOW new high above 12795.93... closing basis at 12786.64

As noted earlier, DOW is targeting to make new high before IBM & INTC earning reports.

With positive earning reports, we will certainly see SPX 1500 target before making ST top with minor SPX 1475 +/- resistance.



However, as noted, SPX target for this year is SPX 1550 +/- testing the all time high which I commented during the Jun-Jul 2006 bottom. So far, market is progressively confirming the target for the year.



Markets traded to break out level yesterday. Breakout: SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 831.49, and NYA to new high to 9624.99[/b] which is confirming $NYA is leading the other major markets.


Good trades

~~~



Date:4/17/2007 10:58:12 AM

http://www.investors...age_id=18849062



DOW pushing for new high above 12795.93 on 2/20 -- ahead of IBM & INTC earning report.

SPX to near 1475 +/- TL R.


IBM also reports in AH, I think. It is trading up before earning.

With JNJ and COKE good report, DOW is pushing.

CSCO is trading erratic price pattern lately. I like its wireless modem products. It shows neg D on vst.


http://www.stockchar...09398&r=374.png
http://www.stockchar...77535&r=859.png
http://www.stockchar...40300&r=617.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=15&i=p73797548221&a=79285156&r=517.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22648394504&a=76929034&r=579.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=8&dy=0&i=p49229126946&a=78987374&r=825.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p31631774778&a=76966992&r=329.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=4&mn=3&dy=0&i=p72794457382&a=76929550&r=647.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=8&dy=0&i=p21609042622&a=76909044&r=764.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=W&yr=4&mn=3&dy=0&i=p53935525265&a=77295648&r=218.png

Edited by Trend-Signals, 17 April 2007 - 11:04 AM.

[Trend-Signals]

YHOO trading at 32 R before the earning report.

http://www.stockchar...40485&r=426.png

China $SSEC traded to another all time high to 3611.87 with HOD of 3622.89 after a volatile session.


Index Value: 3,611.87
Trade Time: 3:00AM ET
Change: Up 15.43 (0.43%)
Prev Close: 3,596.441
Open: 3,611.63
Day's Range: 3510.50 - 3622.89



http://www.stockcharts.com/c-sc/sc?s=$SSEC&p=D&yr=0&mn=6&dy=0&i=p02439948996&a=66381250&r=667.png

[Trend-Signals]

addendum: re $SOX - SMH 7yr down TL and 7 mo Trading range


Note on the 8yr cycle on $SOX/SMH which is consistent with my comment on major market "8yr cycle" low in Oct 2002, and the low in Jun-Jul 2006 bottom.

Market is projecting chip land to trade up toward latter part of the year, going into YOE.




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Commented on $SOX - SMH 7yr down TL and 7 mo Trading range

After the big gain making a huge up-wave in 1999-2000, it is making 7yr consolidation period.

Since the Jul 2006 bottom call, it traded up about 3 months, then it is consolidating for 4 months.


Good trades



http://www.investors...age_id=18779684


http://www.stockcharts.com/c-sc/sc?s=$SOX&p=M&yr=10&mn=11&dy=0&i=p22616739083&a=80631671&r=966.png

http://www.stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=0&mn=9&dy=0&i=p93451941454&a=71270540&r=427.png

http://www.stockchar...98557&r=872.png

[Trend-Signals]

Market action after YHOO earning neg... INTC is helping $SOX. SPX 1475 R as noted earlier.

Edited by Trend-Signals, 17 April 2007 - 04:28 PM.