I just wanted to let everyone know, when visiting this site you will notice that there are now inline stock quotes courtesy of WikiInvest. The RSS feeds show a link, but no quotes of course. I was going to wait until the weekend, but was pretty excited about adding new interactivity to my content for everyone (yes, I’m kind of a perfectionist and a nerd, but that’s how successfull people make it). So other than that, quiet day. The non-farm payroll report was as I expected “less bad” than estimated, so there wasn’t a negative reaction in the markets (at least yet), but then there hasn’t been much upside yet. Still waiting for the S&P and hopeful for a close above 950. It’s been holding resistance extremely well this week. We’ll just have to wait and see.
I spent the better part of an hour fixing my RSS feed, which delayed the analysis I had planned to post. So that will be later today (late night in NY, as I am in Alaska). For those who currently are subscribed to the RSS feed, you might need to re-subscribe to it, but that should be the last time as I have further verified it to be working correctly now so I won’t need to make any further changes for quite some time. I’ll also be adding real time quotes within the next couple days so when you visit you’ll also be able to see further market action at the same time. Hope today was a good trading day for you all!
Well I should be able to post updates after market closes today in NY. I plan to take a look at the S&P (currently in a critical area for the fourth day in a row), AAPL (which is on track per my estimations), SLB, and DJIA. I also need to take a look at sectors for my own personal investment strategy re-alignment which is overdue, but that won’t happen until at least this weekend.
After an extended weekend which I have found to be quite relaxing, it’s almost time to jump back into the markets. I haven’t done much follow-up since a brief check-in on Friday afternoon NY time after noticing AAPL down around 122. I was a bit ‘worried’ my call was wrong, but looking at the charts it could’ve gone either way. A stop below the trend line only a point, wouldn’t have been touched. Plus to add on to it, the volume was low and the candlestick line not convincing either, all right before a holiday weekend. So what did AAPL do today, bullish engulfing candle and a pop up 8 points. According to the channel, there should be a bit more to come. 133.50 is next resistance, which today came close to and after that 140ish. Still holding out anyways…. Here’s the chart and then I’ll follow with a few more notes on my recent activities before signing off.
One final note on the content on this blog. The title is ‘RealTrueFx’, but you may notice no forex content, yet. The plan is to get back to trading currencies very, very soon. Like many beginning forex traders, I’ve managed to take my lumps and learn a few lessons the hard way. So for the past few weeks I’ve been getting back to basics. Some of my efforts have been shared via this site, much more practice and study has gone on in the background. I hope to share some of the technical education aspects for others in the coming weeks, and soon thereafter begin posting live trades as I enter the market or set limit orders with targets. Unfortunately, I haven’t yet gained the confidence or stability needed to successfully conquer the forex markets and definitely don’t want to post anything for others that might lead them astray either. So forex will wait, for a bit.
The layout of this site is undergoing some changes. Please bear with me.
I do not believe I had anonymous comments on last night, but have corrected that now. Now anyone who wants to leave a comment can do so. Be nice of course, or I’ll delete it. Otherwise, post any comments or questions or email me at the address on the left side. I might post a Google chart (GOOG), that I did not analyze yet, but I’m not sure. I should be posting some Forex stuff this week as well.
Thanks to all the StockTwits visitors for stopping by. I hope to see many more of you in the future and hopefully we can all make some $$$$ together.
Hi all,
I’ve just opened a new blog. Bear with me as I take a few weeks to settle in. In the meantime, check out my posts, leave comments, email me, or donate if I have helped you make money and you wish to help me continue and improve this blog.
Therealisttruest(aka RealTrue)
I’m a blogging fool! I’m about to post a series of charts. I’ve been practicing drawing trendlines. I’ll admit I got a bit tired and lazy, plus the charts I saved weren’t great, so not all TLs and patterns are marked. I tried to go ahead and post my outlook too. These charts are also a couple days old at this point, so the buy and sell points might have been hit already.
I know of one example, ticker IOC, that did indeed hit my entry target and then bounced 3 points of the lower channel, right on cue. Unfortunately I only have a hard copy of that analysis, but look at Wednesday May 13th thru the 15th 2009 for reference.
Well here come the charts in subsequent posts. Enjoy!
