Seeking Alpha

freefdawatchlist's  Instablog

freefdawatchlist
Send Message
Premium Service for Equity Trader. http://stocktwits.com/StockTrend https://twitter.com/freefdacalendar
My blog:
Premarket Trading Ideas
  • Where Is Dow And S&P 500 Heading For June 25th - 29th ?  0 comments
    Jun 24, 2012 4:29 PM | about stocks: UVT, UVU, UVXY, UWC, NLST, NOK, NRI, PCLN, PCXCQ, PFE, PG, PGNX, POZN, QLD, QQQ, R, RENN, RGEN, RHT, ROM, RXL, S, SAA, SABA, SDOW, SLXP, SNDK, SOXS, SPPI, SPXU, SPY, SSO, SVXY, T, TNA, TQQQ, TRV, TVIX, TECS, TZA, UCC, UDOW, UGE, UKF, UKK, UKW, UMDD, UPRO

    For the week Dow was down 127 point or (-1%), S&P500 was down 8 point (-0.58%), AAPL was up $8, GOOG was up $10, GLD was down $5, AGQ was down $5, UVXY was down $4.55, TNA was up $1.49, TZA was down $0.32, ERX was down $3.73, ERY was up $0.69, FAS was up $0.37 and FAZ was down $0.32

    Lets analyse Dow Jones Industrial Average (DJIA) chart:

    Based on the chart Dow is expected to open lower on Monday. The stock closed in bullish zone but trend was downward at the close. If Dow is able to break 12, 734 its going higher, and If dow breaks 12,507 its going lower. Overall I am expecting 100 point movement upside and 300 point movement downside.

    Dow Bi weekly chart
    DJIA 3 month chart
    DJIA 6 month chart

    Lets analyse S&P500 (SPX) chart:

    Based on the chart SPX is expected to open lower on Monday. The stock closed in bullish zone but trend was downward at the close. If SPX is able to break 1344 its going higher, and If dow breaks 1322 its going lower. Overall I am expecting 30 point movement upside and downside.

    Lets analyse VIX, TVIX and UVXY

    : Remember VIX is in contango, so any rally in VIX is not sustainable. You can make money from, UVXY, TVIX, XIV on daily basis. Don't use it as a long term investment tool. This are very risky stock especially in election year. I am expecting bounce back in UVXY, and TVIX.

    Lets analyse Gold (NYSEARCA:GLD) and (NYSEARCA:AGQ)Silver ETF:

    Without inflation or without easing, Gold and silver are likely to sell off.

    Short term trend in GLD is like 2008 crash
    There is more downside in AGQ.

    Forex Currency Trading

    :

    Eur/USD is looking bearish at the moment and if it is able to break 1.2750, then its going above 1.30 But if Eur/usd breaks 1.25, it will test 1.2250

Back To freefdawatchlist's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • $SKIS ipo open.
    2 days ago
  • $NEFF ipo is open.
    2 days ago
  • $IMMU Immunomedics announces Orphan Drug Designation for Veltuzumab for the treatment of pemphigus
    2 days ago
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.