Recent content by Sparky

Darth, You can trade this one with Financial Spreads. Good luck Sparky

Dow. A close today above 10278, would indicate S/T head and shoulders patten leading to an upward move to around first reistance level of 10304. Looking at the recent chart patten a double bottom has been made in the sideways channel since july, so we could be looking at a head and shoulders...

Dow. Interesting points to note, positive directional change on MACD and Velocity indicators (daily chart).This is an unusual move in recent days. Price formed S/Term double bottom, in an ever decreasing trading band, with support at 10317. Although the index is at resistance level now a move...

Nasdaq 100. Resistance held, price pull back to support level. Higher low made on pull back and pottential double bottom patten could be made, if this is so then expect run up to test resistance at around 1750 again. Short term downward trend has now been broken and we are in a sideways channel...

Cookie, Daily Chart. Short term TA TOX; At its resistance level at 636, so a retracement from this level is possible, as stated by Riz (Resistance can also be found at 644 and 693). These can also be viewed as potential buying opportunities as we know. Comming off short term double bottom...

Nasdaq 100, looking good, performed Head and shoulders pattern - short term price break out, aswell as RSI, Velocity and MACD indicators all broken above resistance levels. Next step for a continued rally, will be breaking above and holding above the 100 day MA, which is at 1756, this figure is...

Things are bubbling away nicely now, especially on the Nasdaq 100. I think that we will see a nice run up shortly, an upday close tomorrow could be the start as everyone will be acting on the short term Head and shoulders pattern.Along with several break outs of key indicators, could be a very...

Looking at the two indexes, I'm starting to see some interesting positives which I thought I would pass on. DOW Short term head and shoulders patern, useually a signal of a trend reversal. 3 day price close above 10 and 20 MA RSI, breakout MACD, higher high from looking as if it was turning...

One to possibly add to daily watchlists. This stock may have some short term pottential, but conformation of price patern not yet happened. Close to the bottom end of its channel, all indicators starting to look positive and importantly the price patern showing signs of a head and shoulders...

Cookie, I'm a Fin' spreads fan, their site is simple to use, you can trade using smaller stakes than most other firms - usefull when first starting, I also found that their aplication process to trade on margin was much easier than the likes of IG. However like most things in life its really...

Darth, I agree, will be interesting to see just what BVS does near term. Regards Sparky.

Darth, BVS is not a chart that I follow closely, but having read your post I decided to have a look.I don't know what your normal trading time frame is but I'm a bit cautious of this one slightly longer term, very short term may be a run up to resistance at 336 then 349.Looks to me as if some...

Sam, Sounds like a good idea to me, we are all looking for early signs re;entry and exit points.My post was a general one really, just felt that it was worth stating the basics again, as sometimes it seems as if these are overlooked, as I have learnt to my cost in the past. Good luck with your...

Worth remembering. The price must surely always be the leading indicator, other indicators that we all use are only relevent when the price has indicated a directional move, reversals, breakout etc. A stock price having performed a trading patern, double bottom, head and shouders, cup and handle...

Short term, I'm a little cautious with regards to this one, it's price patern may have form a short term topping patern (DOUBLE TOP) with indicators pointing to a downward move. If the price falls below 148, then it may test its upward support level of 141. Regards Sparky