July 2014

Sat 19th July: Here is a quick check of some Aussie stock market indices and Aussie stocks that are worth keeping an eye on this week:

XJO: S&P ASX 200: The index continues to hold above the 61.8% fib of the 2007-2009 bear move. I still consider that the 78.6% fib level, up near the 6,000, will be the next ultimate destination for this index.

XJOweekly

XAO: All Ordinaries: As for the XJO, this index continues to hold above the 61.8% fib of the 2007-2009 bear move as well. I consider that the 78.6% fib level, up near the 6,000, will be the next ultimate destination for this index too.

XAOweekly

XSO: Aussie small caps index: There looks to be the start of a triangle breakout here:

XSOweekly

 

Aussie stocks worth watching:

VOC: Vocus Communications: Cast your eyes back along this chart to where the triangle had just broken. It was about that time that I was contributing at an Aussie share meeting. I had posted this chart, as it was back then, and suggested that it may be on for some bullish continuation. I had mentioned to the group that I had been having good success with this breakout strategy. One particular gentleman, (not!) took great delight in ridiculing me and my proposition. He said he was a long term holder of this stock, knew it well and was convinced it was in for tough times. So, whenever I look at this chart I do smile and wonder if this guy remembers me as fondly as I remember him! After all, the breakout has only delivered a 175% gain!

VOCweekly

NCM: Newcrest Mining: I’ve been tracking this stock for some time now as it traded within a descending trading channel. It looks like it might be trying to break up and out from this channel. There is also the look of a bullish ‘inverse H&S’ pattern forming up with a ‘neck line’ at $14. Definitely worth watching:

NCMweekly

 RIO: Rio Tinto: watching for any triangle break here:

RIOweekly

SEK: Seek: this looks to be consolidating before the next move. Watch for trend line breaks:

SEKweekly

TOL: Toll Holdings: watch for any close and hold above $6:

TOLweekly

TSE: Transfield: looking for continuation here. I’m already long this stock:

TSEweekly

 WEB: Webjet: I’m buying this on Monday:

WEB

WPL Woodside Petroleum: Selling $40 Puts seems safe here.

WPLweekly

ALL Aristocrat Leisure: I’m not a fan of this business but the stock looks to have bullish potential:

ALLweekly

Friday 4th July

The three major US stock indices have made recent bullish breakouts and I am on the lookout for bullish continuation here. I have reviewed some stock indices and ETFs and then posted charts of some key US and Aussie stocks that I keep stalking and trading!

S&P500 index: this has made a bullish ascending triangle breakout on the monthly chart time frame and, more recently, on the daily chart time frame:

S&P500 daily: the recent triangle breakout came with the close and hold above the 1,900 level:

S&Pdaily

S&P500 monthly: the monthly chart ascending triangle breakout suggests a bullish continuation target of 2,500. This may not be a straight line pathway though and I’m on the lookout for any pullback to the 1,577 level en route:

S&Pmonthly

Dow Jones Industrial Average: As for the S&P500, this has made a bullish ascending triangle breakout on the monthly chart time frame and, more recently, on the daily chart time frame as well:

DJIA daily: the recent triangle breakout came with the close and hold above the 16,700 level:

INDU

DJIA monthly: the monthly chart ascending triangle breakout suggests a bullish continuation target of 21,000. This, also, may not be a straight line pathway either and I’m on the lookout for any pullback to the 14,000 level en route:

INDUmonthly

NASDAQ: this has continued on from a ‘Bull Flag’ breakout and how now broken through the possible 4,400 ‘Double Top’ level:

NASDAQ

Russell 2000: this US ‘small cap’ index has made a ‘Bull Flag’ breakout but it needs to clear the $1,210 level now:

RUTdaily

EEM: The emerging markets ETF is looking like it might take on the key $45 level:

EEMweekly

IYT: the transport ETF continues:

IYTweekly

FDX: Fedex continues after a triangle breakout:

FDXweekly

UPS: the parcel transport stock continues to hold above support too:

UPSweekly

SLV: the silver ETF has made a bullish triangle breakout:

SLVweekly

GLD: the Gold ETF looks to be carving out a bullish basing pattern with an ‘inverse H&S’ pattern:

GLDweekly

XAO: The Aussie All Ordinaries looks set to head to the 78.6% fib level at the 6,000 region:

XAOweekly

XJO: The Aussie ASX 200 also looks set to head to the 78.6% fib level at the 6,000 region:

XJOweekly

XSO: The Aussie small caps index looking about to attempt a bullish triangle breakout:

XSOweekly

Some Aussie Stocks in focus:

BHP: a triangle breakout building:

BHPweekly

FMG: watching for any triangle breakout here:

FMGweekly

LEI: looking for this to pick up if it can close above the 200 EMA:

LEIweekly

NCM: this is starting to look interesting too:

NCMweekly

RIO: this is looking close to a breakout too:

RIOweekly

STO: watching the triangle here as well:

STOweekly

TOL: waiting for a close above the $6 level:

TOLweekly

WPL: the continued hold above $40 is bullish:

WPLweekly

AMP: has made a triangle breakout and I’m looking for continuation here:

AMPweekly