Channel Guy: Intraday Market Commentary for 06/30/09

5:51 pm

Well guys we were pretty much on target again using are key channel analysis. We got that sell off at open just like expected and today was an overall great day. If you got a chance to participate in the fun and make some money good job. Not making a video today, so hope you guys have a great day.

8:48 am

Futures chart update with that key channel I refered to in the video below. The trendline did happen to recieve a bounce from last night, however we are now just trailing above it.We have some key data coming out around 9am so this could bring more credit to the bounce if it is good, or break us below the trendline which will not be good cause than we will be back in that channel.




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I wanted to show you guys this futures chart real quick and what is currently taking place in the overnight market of the futures. Yea yea I should be asleep right now, but we are near some critical levels so for those of you that watch this video you will be ahead of most people that aren't even paying attention to these key channels like we do. As you all know you can look at past videos to see how they are pretty much on point. So pause this video if you have to so you can track the channels on your charts are get key levels. Night people I will get some sleep now!! Our job here is to keep you ahead of the game because we move ahead of anticipation and with the channels on point we have no problem with that. ENJOY!!

Stock Market Technical Analysis for 06/29/09

4:54 pm



Well guys the channels worked great today on the charts ofcourse ended the day with a small gain. I feel if you ended the day with a small gain or any gain you did pretty good. Why? well because today was a rangebound day and those are the hardest days to trade in my opinion. It was a very boring day so we should have some action tomorrow with the economic news we have coming out. Good stuff!!








8:13 am

S&P Futures Chart

Below is the S&P futures chart which looks like they ran it into channel resistance overnight and now have put us in overbought mode on the stochastics. We were down as much as 6 points on the S&P until they rallied it up to resistance. If we break through 920 we have slight resistance at 923 than we could rally all the way back up to 930.

Stock Market Technical Analysis Video for Week Ending 06/26/09 part 2

PART 1 VIDEO WAS MADE TOO LONG SO I WILL HAVE TO LEAVE THIS WEEKEND WITH THIS VIDEO PART 2 ONLY. THIS VIDEO IS GOOD AS WELL THOUGH, FOR IT COVERS THE INTRADAY ACTION ON THE QQQQ AND THE SPY.

knock knock!! It's the "CHANNEL GUY"

8:07 pm

Alright Everybody, today had some of the bears shaken up and some of the bulls walking to the bank. Now I myself am a little bit confused I must admit. However, it's time to bring out the top secret channel charts and see were we may be going from here and take a look at the big picture. So it is my duty to provide you guys with analysis and that I will do. So I am updating those charts right now and will have those charts up on the main indexes posted up in a bit.


SIGN UP FOR MY VIDEOS BY SEARCHING ASKCHRISHETRADES ON YOUTUBE IF YOU HAVEN'T DONE SO ALREADY. YOU CAN LOOK AT PREVIOUS VIDEOS AND SEE HOW WE HAVE CALLED ALOT OF MOVES TO THE TEE USING ARE CHANNEL ANALYSIS. FOR EXAMPLE THE COMMODITY PULLBACK. NEED I SAY MORE LOOK AT THE VIDEOS =)

Channel Guy: Intraday Market Commentary for 06/24/09

6:21 pm

Stock Market Technical Analysis Video for Ending Day 06/24/09




Stock Market Technical Analysis Morning Video Update for 06/24/09

Stock Market Technical Analysis Morning Update for 06/23/09

**Stock Market Technical Analysis Video Morning Update for 06/22/09** It's My Birthday Big 23

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Well everybody here is your first morning update from AskChrisHeTrades. We are in the process of trying to get a system together to start doing morning updates as well showing are key channel analysis on the S&P futures so we can get a sense of market direction before she opens. More than 75% of traders don't have the key channel analysis how we have it all the way down to the tee here. So if you are subscribe to the videos you are already ahead of the pact and in a winning position. Well enough of that, some key numbers to pay attention to are 903. If we break 903 we should be headed to 899. We break 899, then are next support isn't until 895. Now we have not broke the middle channel that I showed you in the video, but she is trying to do so as I type right now. She could very well pop right back up, but notice how the moving averages are all above the price action and are curling over. Least path of resistance is to the down side so keep that in mind. So come join us at StockTock.Com " #1 stock social site on the net" and AskChrisHeTrades.blogspot.com " Your #1 Spot for Channel Analysis Guiding You to Future Profits" and keeping you ahead of the pack. Thanks
Chris

Wanted to give you guys a heads up for the week ahead LOL

1:41 pm
This is how traders feel on a bad day at the office




Forgot to mention ladies and gentleman that we have a lot of key information coming out this week from housing numbers all the way to FOMC meeting were they will be discussing interest rates. If they start to give any clues in their language that they are going to start raising rates sometime in the future look for the dollar to possibly start going up on that commentary and for the commodities to pullback more. Remember that when interest rates go up it is better to invest in U.S dollars because they are paying a higher interest than other currencies. So that will bring some demand back into the dollars, and will bring pressure back into the commodities on the downside, which will bring pressure back into the markets since commodities were the last catalyst for this market rally. Now we do have money shaken back into tech and banks like we saw on Friday, but remember these were the sectors that started the initial rally. So depending on if the money goes back into these sectors and they are not selling into the strength, will tell us if we are going higher or not. It's going to be a very interesting week and volatile so get your helmets on!!

** Just a couple of charts on the SP 500 using are key channel analysis **

9:43PM

I am going to be trading heavy on Monday either on the short or long side, however the market sets up. I will be using this ticker SRS for I think it will be in good play for Monday ahead of the housing numbers on Tuesday. It should provide some good in and out trades. I will also be taking a look at lowes and home depot because I believe traders will start setting themselves up into these sectors as well ahead of numbers. Also I am taking a look at the consumer discretionary income sector ( ETF XLY) to see if that will get some movement now thats oil is coming in a little bit. I did look at a couple of charts in that sector and they look as if they could move up. Im also looking at possibly shorting solars since they were running up on oils higher prices. Now that oil is pulling back they may pullback as well, so thats just some ideas I’m putting together that I wanted to give you all a heads up on.


This is the chart of the SPX and the channels that I am guaging on it. Notice how we broke the middle of the channel. Usually when you get a break of the middle channel you get a test to the lower channel.The 50% line of the channel is the barrier level to the next channel line. This is the type of channel analysis I do for my technician style and it works great on all my charts. It is more like an art and you have to have an eye for it. You start developing ways to looks at charts once you have looked at many charts. This then usually gives you a chance to develop your own trading style and technique. I have found channel analysis to be my main edge and it works great.

Stock Market Technical Analysis Video for Ending Day 06/19/09

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Well folks this week was pretty good for the bears. We did have some buying come back in the markets starting Wensday morning session that has put us in a minor correction since. I do believe that we will start selling more coming into next week, for we did have a nice reversal take place this week. We had break down just like I was expecting and we had the dollar gap up earlier in the week, just to pullback and possibly set up for another run starting early next week. For those that believe inflation is in the system I want you guys to go back and review my dollar video which is posted below. Now for some odd reason the whole media is worried that inflation may not be in the system like expected, and I just sit back and say what a surprise. I just wanted to point out to you guys that this is the time to sell your longs on the run up, and go short at resistance. Take profit whenever you see it like always and have tight stops for the market is still chopping around on this light summer volume. The Nasdaq showed some strength today, but I do believe that it was a possible blow off for the candle stick was an indecision one( doji ). The oil markets broke down just like expected and we should see that continue into next week with the other commodities following as well. I will try to post a video going over some stock plays if I get around to it. Also I am going to try to start sometime next week posting my live plays on twitter. Just to give you a heads up, I have been smacking around SRS for profit all day this week on the short and long side. She has come to be one of my favorite vehicles in day trading thus far aside from the index ETF's.


Replay Link for Dollar Video

http://www.youtube.com/watch?v=oGDhT-3nhqM

Ratio Analysis Another Good Tool

My Chart book is posted below. You should be able to access it by just clicking on the link. Ratio analysis allows us to see which sectors are holding up fair to the S&P, outperforming, or under performing Yet another tool to add to your arsenal tool box.


http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3300317


Ratio Analysis: The use of a ratio to compare the relative strength between any two entities. For example, an individual stock divided by the S&P 500 index can determine whether that stock is outperforming or under performing the stock market as a whole. A rising ratio indicates that the numerator in the ratio is outperforming the denominator. Trend analysis can be applied to the ratio line itself to determine important turning points.

Stock Market Analysis for Ending Day 06/16/09

Well everybody today was a fantastic day. The markets did a little shake out in the beginning only to move lower and give great setups for short play or long inverse ETF’s. I myself played SKF and SRS on the monster break. I Did not get to post the plays here for I was in the office today. I did get this video up, but it’s not the best of videos for I made it at the office and didn’t have my full setup. Hope you guys had a great day. The S&P500 broke through more key levels today and this downward draft should continue into tomorrow. If you all watched my weekend videos, you guys should be making some clean money right now and have an understanding why I clearly stated that inflation may not be in the system as of yet. They even said on CNBC, that people were pricing inflation into the system and its really not here as everybody had expected. So my deflation theory is still going on and we need more money into the system. The big drop has not come yet and we shall move lower from here. Funny how everybody on CNBC seems worried now, when not too long ago it was green shoots. That’s why I hate watching them because they are all bozos!!

Stock Market Technical Analysis for 06/15/09

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World stocks down as dollar rise hits commodities- AP

World stock markets fell Monday as some investors worried that the three-month rally in share prices may not be justified by economic indicators and as the dollar was boosted by comments this weekend from Russia's finance minister.

Well folks look like we hit the hammer right on the top of the nail in this weeks video. The dollar is getting a nice bounce that I have expected since it got a bounce off that double neck tie support that I pointed out in the weekend video from this week and from last week. So you can at least be assured that my job here is to keep you guys ahead of the game using key technical channel analysis. Now with all that mambo jumbo being said, we have broke through some key levels on the S&P and that level is 934 932 ish area. We even did a slight breakthrough of the 930 level again. That level has been tested a couple times that it should break now. I have the chart posted below showing you guys the channel. Now what to expect at market open is probably a retest of that broken trend line and then the selling to possibly continue and that would be the place to get a lovely short in. Now we could just see a continue sell off through out the day we will have to see. Just be advised we have broke through some key levels that they have been holding up.

Stock Market Technical Analysis Weekend Video Edition for Ending Week 06/12/2009

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Hi everybody, in this video I take an outside of the box view of the markets and dollar. My main goal here is to try to look for clues that could show us which direction we may be heading in before the move occurs. Now you can’t always predict a move, but as technicians that’s what we are basically trying to do. So the charts I go over in the video are the $USD dollar index and most of the major index and sectors. I bring to your attention how the dollar has possibly bottomed out from the decline it had since 1985. So this monthly chart that I am bringing to your guys attention once again shows that we may still be in a deflationary environment and the money that the government has pumped in the system was just a quick kick of the can. Now I am no economist, but I do know the dollar goes up in a deflationary environment and commodities usually go down vice versa. We had a boom cycle in the U.S for quite a while now and it topped out back in October of 2007. I also point out that on a monthly chart, when have you seen a stock that has been in a major uptrend on a monthly chart, break through the 200ma only to break back above it in say 3 months. I have never seen such a thing especially if it has been in a long uptrend. Now I know I sound bearish on these markets, but I just have some analysis that points towards my views and as a technician we all have our own views. If I am wrong and the dollar takes a crap again so be it. My charts will let me know way ahead of time before any portfolio damage is done, and I will let you guys know ahead of time as well. So back to the inflation and deflation jumbo. So we had a boom cycle and now it looks to have gone bust. Commodities are rising on the hope that inflation is back into the system and the fed has not even printed enough money yet that they may need to curve this deflation. So now we can go ahead and look at housing prices and we still see them falling. They may say that it is stabilizing, but we all know that is B.S and they are known to do number fluffing. So if this is a true dollar bottom we should see commodity prices and asset prices continue to deflate, job numbers getting worse, and possibly something to happen that we never would have expected. I guess you can say this is the beauty of trading the stock market and also it is the beauty of life. You have to just go with the flow and see what happens. This could be something bigger than we expect or it could be something we could fix in a short time. I just know we have a lot of uncertainty in front of us, and I’m trying to use the charts like a real technician and pick apart what could be happening. With that being said, I hope you guys enjoyed the analysis and the out of the box thinking. ALWAYS HAVE AN EDGE AND YOU WILL BE AHEAD NO MATTER WHAT!! WHATEVER YOUR EDGE IS USE IT TO YOUR ADVANTAGE!!

**Almost forgot to mention. Notice how money is starting to shift into the safe haven sectors. Utilities and healthcare and conglomerates. Do the big boys smell something fishy?




If we happen to gap above 88.50( 8850 Dow Jones) we will have little resistance at 8900 and we should continue higher. This is why I’m a little cautious about the shorts.






Nasdaq weekly showing clear resistance at this necktie from trend line. Short the NASDAQ seems to be the play this week and long the safe haven stocks like utilities and health care and stapes probably.

Stock Market Technical Analysis Video for Ending Day 06/12/09

Stock Market Technical Analysis Video for Ending Day 06/12/09



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Okay guys today was a real choppy day in the markets and probably one of those days were you just stay on the sidelines. Volume was okay today I would like to say for it appears we are getting some volume after these reversal candles. Is this the big boys unloading near the top? We all know that volume appears higher at tops and bottoms and today we got possible hanging mans on the index charts. Before the hanging man we had reversal candle sticks. There is a lot of indecision up here and there seems to be some catalyst that will come out that will push this higher. Somebody out there knows I’m sure and they are locked and loaded. However, we are not so we must look for clues to put us ahead of the game as well. We are toppy guys so let’s get ready for next week. I will have some key levels to watch in the weekend video when I go over some close ups and some stock plays. ENJOY!!

Chris

Stock Market Technical Analysis for Ending Day 06/11/09

Well guys today was a very interesting day. We had basically a range bound day after most action happened in the open, then right before the auction on the 30 month T-Bill we started to get that upward momentum. I was a player in some of that as I managed to make some money on AA as it popped its head above 12.19. I also managed to make some good money on SDS on the first break out before close. I took a position again at the end only to get scared out of my position =) lol and watch it climb up .40 again. Oh well it was a great day and we are expecting more great action tomorrow. Important things to remember going into tomorrow is let the trade come to you, and don't over trade. Remember it is a Friday and there most likely will be light volume unless we get sometime of follow through tomorrow and rip higher or crash lower. We are near some key levels, but they may not bring the market a certain direction until next week. There will be people setting their trades up for next week though, so you have to be ready for a volatile day tomorrow. So good luck and good trading. I am trading from home tomorrow so I will be able to post anything that I spot. Remember all eyes on king dollar and watch the VIX.



Chris

Stock Market Technical Analysis for Ending Day 06/09/09

Part 1


Part 2

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Stock Market Analysis for 06/08/09

5:42 pm

Well Guys we got the break down from the open like we were expecting, but then that last minute buying that keeps on coming in near the last hour of close, caught me by surprise. However, I was gauged in on LVS after being shaken out of the play from earlier. Road that nice pop near the end to 10.10 that took profits. I chased JPM early in the day and got smoked for some money( Good thing for stops). Now we attempted to break out of the triangle we have on the S&P 500, but the bears were not going to let that happen. So going into tomorrow the key levels to watch are today’s low 926.44 and once again that 945 area. Until we get a break from either of these ranges, we could be range bound with a descending trend line resistance that could push these markets lower. I will not have a video up tonight.




7:18 pm

Hi Everybody, looks like we broke through some key short term channels on the futures market and this could play in for a sell off day in the markets. May not be a crazy sell off day, but could just be a correction.

Stock Market Technical Analysis Weekend edition Ending Day 06/05/09

Okay ladies and gents, I had a lot of time on my hands this week so I was able to give you guys 3 videos. Each video is well worth the watch and shows some interesting action that I see going on in the charts. So enjoy the videos, shoot me an email if you have any questions, and lets get ready for another exciting week!!

P.S- Sit back and get your popcorn ready.


Part 1


Part 2


Part 3

Stock Market Technical Analysis for Ending Day 06/05/09

Chart of the Week

T 60 min

Stock Market Technical Analysis for Ending Day 06/03/09

12:51 am

Well Guys I did a video and waited my time just to find out YouTube error and possibly because I went too much over the allotted time. I did type up some stuff though below that I discussed and showed charts for in the video.

Hi Traders, I hope all is well with you guys. First I must apologize for you guys out there that follow my videos for I have been real busy and have not been able to post videos like I was before.So what was the hold up? Well I started this new trading gig with this firm over here in South Florida, and I just been real busy trying to learn their platform. It's a little different from the setup I use, but I am in the process of incorporating them to be used together which will be even better. Now with that being said, the market continues to move higher on light volume. I think we could be starting the light volume scenario now and it could get lighter going into Summer of course. So what happened today? Well we had the reflation trade comeback from the dead after being killed yesterday, and we had the Dollar( UUP) consolidate under some resistance on the 60 min chart. It did get oversold pretty quick yesterday on the gap up. We see oil hitting resistance from November highs, we see the dry bulk index down 5% today probably giving us an early signal that there is a pullback in the reflation trade to come, and we see the markets up today. Markets like a week dollar, and the fact that the dollar didn't go down today allowed the markets to float higher on lighter volume. What I see happening as you can see from the videos, is that we may go up a little bit more tomorrow and make a lower low on the charts and some of are indicators, which will start to signal negative divergence. I do believe though, that some charts do have negative divergence already. So trade careful tomorrow because I'm pretty sure volume will be lighter. Commodities look like they can move slightly higher tomorrow then possibly pullback EOD. Like I said, it all depends on king Dollar. If the dollar does break above that key channel in the video we go lower and commodities pullback. If we trade flat or go down the market could float higher. Nas daq looks strong and broke resistance near EOD. SO lets see what happens guy. Glad to be back in the video mojo as well =)! Oh yea steel was on fire today guys. AKS gauged perfect using are channel analysis!!

Stock Market Technical Analysis Video for Ending Day 06/03/09
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