FINAL POST!...

HEY EVERYONE!

Well as most of you know i have accepted a stockbroking job (triple c). I am yet to find out the full details as to what i am able to share and not share through blogs and twitter to the general public but i will still be providing research and insights to any clients.

I am to do a weekly update and to provide market thoughts to those who are clients as i strongly feel brokers NEED to keep in touch with clients and provide opportunities to them to profit from the markets!

I have a lot of ideas i want to bring to my new office and hopefully i will be able to share these in the near future.

Thanks to everyone who read and supported this blog and hopefully you all made some money from a few of my ideas that i shared on here.

If you liked my charts and ideas please feel free to contact me and i will be happy to continue sending you my thoughts once i start work!

Email: scilliamstrading@gmail.com

Once i start work i will put up all my other contact details should anyone want to contact me.

Happy to help and happy trading :)

See you on the STREET!

CTX

This is my chart for CTX you have seen it a few times.

Anyway turn date today, and it happened to put in a swing from the previous day.

Risk is relatively small to the lows of the previous day with stops suggest being under 11.50 swing low. Target i don't know if you will see more than $12 but somewhere around there is where i am thinking.



Not to much trading for me i am focusing on the Index and FX for now but this did catch my attention.

:)

Quick Chart

Quick chart on NVT



Gotta run! i will get an update up this weekend :)

Weekend Update

Hey,

Had a fairly busy weekend here, got a few charts up. Certainly thinking we are nearing a short term top but i guess we have been for a while. After this week i will be focusing on doing some short term index and forex trading and stocks will take the back seat!

Here are some thoughts.

The first is the XJO. Looks to be in a rising channel but with all the lower swing tops and swing lows id say its only 1 swing away breaking that and heading toward a 50% fib and that trendline. Indicators look like could break down and something to be watching.



These other charts are just on some of the stocks and i posted them on hotcopper charts this weekend so won't go into to much more detail here

First being EXT


Here is WOW


and JBH


Enjoy

:)

Update... THE DOW!

Here is a update, had nice day today with few open shorts from over night. I'm thinking could have a bounce tomorrow if there isn't a follow through in the selling. Soon as we see a lower swing top then that will be the confirmation to short... This is a chart on the DOW JONES....



We have been similar to the April tops in that we tracked upwards with indicators in the overbought zone for an extended period of time. Again there are some significant dates and events that happened in October so if we get another rapid decline similar to the one preceding April will we get some great volatility and opportunities... i certainly think so.

The bigger picture for me is a sideways market for a extended period.

I recently sent my resume off to a few stockbroking firms and maybe soon i will be giving professional advice and learning a new side of the market. I'm excited for this challenge and feel i could bring my trading skills into this profession and make myself and all my clients some money in a hard market!

Anyway ill try get some more up this arvo or later in the week

:)

Terribly Sorry

Guys im sorry i haven't had to much time to update the blog.

Had interview on Monday in the city and today i was focused on making some moolah!
It looks like we have reached a near term top from the chinese interest rate decision which basically shows them cooling their economy and maybe demands for resources.

should see a strong sell off tomorrow on the markets lucky we got some nice shorts in there on the resource sector!

If only we had some gold and NCM...bit late grrr

always next time.

I will try get some charts up hopefully if i see something worth while.

Happy trading :)

Long John Silver

I have been having a look at silver and gold lately.

Silver is at the 50% of the previous major rise. There are also a few time dates that land on this week month so suspecting that it will be a top if it play out. Certainly seems pretty toppy being at the top of this channel. Should we begin to break out i will have to cover short positions... Hopefully not and hope even more they don't just do a fake out.



All my weekly and daily indicators are up the top and it is so extended from its EMA's so i suspect will try pulling back towards these... Targets would be around 21.50 to 22 initially and longer view back to 20 support.

:)