The Blog · Since 2011

Chart Addict

Where the charts do the talking.

I've been charting markets for nearly 20 years — from the prop desk in Scottsdale to holding longer and longer on the weekly charts. I work top-down: monthly for the big picture, weekly for the trend, daily for entries.

Here you'll find my charts of interest, setups and notes on stocks, indices and crypto, plus 15 years of archives.

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JFDI 8/3/11 JFDI 8/3/11

PPO

Alerts set at 70.00. Looking at a long on a break of this small trend line.

JFDI 8/3/11 JFDI 8/3/11

VMW

Finding support today at the 21week moving average. Watching for it to clear the 50dma and back above 100.

JFDI 8/3/11 JFDI 8/3/11

WYNN

Taking out the 50dma and finding support along this descending trend line. Nice move off of the LOD on big volume.

JFDI 8/3/11 JFDI 8/3/11

MA

Didn't realize MA was reporting. What a squeeze, closing under 300. After taking out this descending trend line it ripped another 20 points.

JFDI 8/3/11 JFDI 8/3/11

DECK

What a beast. This what happens to a strong stock when the market lifts.

JFDI 8/3/11 JFDI 8/3/11

ZOLL

JFDI 8/2/11 JFDI 8/2/11

McClellan Oscilator

JFDI 8/2/11 JFDI 8/2/11

SKF

JFDI 8/2/11 JFDI 8/2/11

SPY Daily vs. Weekly

Daily Channel

Weekly Head & Shoulders

JFDI 8/2/11 JFDI 8/2/11

DECK

This trade didn't start out well. I have been watching DECK for a while in this channel waiting for a break out. I originally went long at 91 the night it reported earnings. I had my stop placed at 87.75, under the 50dma. I was stopped out by 30 cents I believe the following morning (Friday). I re-entered at 95 as it cleared its 10dma. I had stops under that 10d and 21dma, each for half the position. I took half the trade off at 101 for +6.00 and this morning I took off another 1/4 at 105 for +10.00. As of now, I am holding 1/4 and waiting for it to base above 100.