Video Update ~ 05/14/2009 Can We Break Tomorrow?

By

FocalEquity

– May 14, 2009Posted in: Intraday Commentary, Videos

 I have been out of my desk for the last few days and therefore today I recap on what’s been happening in the market, and the sort of sentiment that you should be looking at. Even though we are still trading in the bullish channel on the S&P, the Nasdaq has already broken down it’s perspective channel and it’s looking to retest its respective prior break out point in april as support. The S&P’s small bounce on light volume today can possibly suggest a break of the ascending channel support in the day or two to come. Today’s fibonacci levels proved to be great technically, and provided nice resistance and levels to go short the market. I also look at different levels for the end of this sell off and the completion of the inverse head and shoulders that has been forming over the last half a year. GS, QQQQ, and SPY (S&P) are discussed in this video.

About FocalEquity

Sun Tze is one of the founders of FocalEquity.com. After going through multiple transitions, Tze, Charlie Cheng and their new team are bringing new changes and features to the new FocalEquity.com in 2011. Tze is specialized in financial modeling and has a masters degree in Finance.

12 Comments

1. Phoevos

   Posted May 14, 2009 at 8:23 PM

   Merci !

   • Idan

     Posted May 14, 2009 at 8:37 PM

     haha de rien..

2. Unersaettlich

   Posted May 14, 2009 at 9:16 PM

   I put a number of charts in the previous blog that tie in with much of what Idan has here, especially the Naz, along with the transports, both looking very much like they are leading the other averages down the tubes, and real estate almost as ugly. There is also a view of the S&P bounce Idan mentions, including its interaction with a H&S neckline, supplemented by a similar view of the financials and a comparison of FAZ alongside $RIFIN with both having possibilities for a H&S bears crave, but not complete yet.

   • Unersaettlich

     Posted May 14, 2009 at 9:20 PM

     $TRAN: Merde alors! Verkacktes Zeug!

     • Phoevos

       Posted May 14, 2009 at 9:34 PM

       Vous devez être poli. Observez dehors votre bouche !

       Vraiment Merde!

       • Unersaettlich

         Posted May 14, 2009 at 10:12 PM

         Ich hätte mich noch viel unanständiger ausdrücken können.

3. Rick

   Posted May 14, 2009 at 10:56 PM

   Congratulations Idan on your graduation from Duke. Thanks for putting out the videos and all your updates. I went to one of the rival schools in the triangle area near Duke so please don’t hold that against me.

   • Idan

     Posted May 15, 2009 at 9:58 AM

     UNC or State?

4. Alex

   Posted May 14, 2009 at 11:00 PM

   Felicitations! Et amusez-vous bien a la Ville Lumiere.

   • Idan

     Posted May 15, 2009 at 9:59 AM

     haha j’espere bien m’amuser un peu

5. Richard (permacrazybear)

   Posted May 14, 2009 at 11:17 PM

   HAVE DISSECTED THE WEEKLY spx chart and posted in PHOTOS in SOCIAL

   the channel down on the weekly shows a trendline dissecting ==== 780 ====
   http://social.stocktock.com/photo/spx-weekly-1?context=latest

   thanks for the Video Idan!

6. Dave

   Posted May 15, 2009 at 12:23 AM

   IDAN THX FOR THE VIDEO.
   It would be most helpful if you could post your SPX daily chart with the retracements, etc. thx much

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