Welcome to Protege Analytics

I always try to be the market's best friend and I try to understand it. Just like a quote "Friendship is when people know all about you but like you anyway."

But I am your friend too. So I will help you to get closer to the market. That's what friends are for.

Wednesday, November 18, 2015

Stock Market Update - Nov 18, 2015

If we look at the weekly chart, both DJIA and S&P 500 start to show that they're starting to go sideways or even down.

djia weekly 18 nov 2015s&p 500 weekly 18 nov 2015
Both weekly charts say the market has ended its bullish trend. We could see that DJIA and S&P 500 broke their channels' support 13 weeks ago and last week they bounced back from their new resistances.
And if we look at the longer timeframe (monthly chart) they are still on their way to make their new 52 weeks high.

djia monthly 18 nov 2015 s&p 500 monthly 18 nov 2015
It's time to monitor your stocks everyday.

Have a good day!

Repost from Protege Analysis

Tuesday, September 15, 2015

Do We Have to Stay Away from the Market?

The charts tell that we still could not predict whether the stock market would go higher or lower. We could see that the weekly charts of Dow Jones and S&P 500 say the market has broken its bullish channel and it is now moving downward.

djia weekly 15 sept 2015 s&p 500 weekly 15 sept 2015

However, if we take a look at the longer term charts, they're saying that we have to wait for any longer.

djia monthly 15 sept 2015s&p 500 monthly 15 sept 2015

It's recommended to wait until the charts show more proof about the trend, since there is a probability the market would bounce from its channel'support and continue to rally.


Repost from Protege Analysis

Friday, December 14, 2012

Stock Pick for Dec 14th, 2012: KLA-Tencor Corporation (KLAC)

Hi fellow trader, how's your portfolio today? Well since there are some of my stocks which going up and there are some going down today, I have not received any gain or loss yet. But I still have a confidence that with a good money management I can limit my risk and maximize my profit. So virtually I just bought KLA-Tencor Corporation (KLAC) at $47.51 each, added one stock into my current portfolio. I bought it because the company's price broke its descending triangle's resistance, went back to its new support, and the price rebounded this morning. I'm quite sure this stock price could increase as fast as possible to its major resistance at $53. And to keep risk to a minimum, I set a stop loss order at $46.50. How about you?

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