"WTF Chart of the Day" Posts
WTF Chart of the Day: Facebook 2013
By Lawrence
Facebook (symbol FB) was talk of the town last week. What’s in store for the stock? Back in September 2012, I called the bottom on Facebook when the mainstream media on all out trashing of the stock. Now that they have changed their minds, are they wrong again? Blue lines highlight the range of last […]
WTF Chart of the Day: Emini S&P vs Nasdaq 100 Part Deux
By Lawrence
Follow up on WTF Chart of the Day: Emini S&P vs Nasdaq 100 Out of the blue, when everyone thought it was going lower, the arbs strike again and completed the task of taking both ES and NQ back in sync in one wacky straight up move. ES and NQ price actions will be back […]
WTF Chart of the Day: Emini S&P vs Nasdaq 100
By Lawrence
What happened so far this week on ES and NQ in RTH. Blue lines mark the top zone from the week before. Yellow lines mark the bottom zone from the week before. After ES and NQ touch their respective reference price zones again at the same time, the awkward arb actions will go away.
WTF Chart of the Day: Boeing’s 10 Year STOPD Play
By Lawrence
Boeing has been the news darling this week for, well, bad reasons. What does its chart tell us? 1. Very clear 10-year full swing up and down cycle. 2. Blue horizontal lines highlight the 10 year range from 1990 to 1999. 100% expansion of the range in red. 3. Dark red horizontal lines highlight the […]
WTF Chart of the Day: Emini S&P and Its Moving Averages
By Lawrence
Following is the Emini S&P continuous contract with RTH only data. I have marked the days with matching color to the moving averages where ES has tagged. Contrary to other traders, this levitation of ES today is not a surprise to me. This dance of ES price between 2 major moving averages often produce very […]
WTF Chart of the Day: Selling Gold To Finance Bad Investments
By Lawrence
It is reported that certain financial institutions in Asia are selling their gold holdings to cover their margin cost on some speculative "investments". Hence the flush down actions in gold over the past 2 weeks. Based on my original projection on this selloff, gold has completed majority of the move now. Gold bugs continue to […]
WTF Chart of the Day: Someone Must Have Written A Script For SPY
By Lawrence
SPY made perfect moves following the STOPD levels as if it is following a script. Time to start some #conspiracy LOL
WTF Chart of the Day: GE Tells You What The US Investors Are Really Doing
By Lawrence
GE has a good run since the great spike low of 2009. But can it last? Why do the media stop talking about GE? It is, after all, the bellwether stock of the US stock market because of its conglomerate status. In fact, this GE chart closely resemble the overall economic activities of the United […]
WTF Chart Of The Day: Emini S&P Dropped 14 Points On Absolutely Nothing
Just one piece of article talking about reasonable expectation of QE "tapering" already gave many daytraders heart attack during the trading day. Imagine what would happen if Bennie tell us QE will be terminated at once! Not that I am complaining – after all, Emini S&P moved exactly as I predicted earlier in the day. […]