HON

16 Oct.

Loss deal

22 Sep.

The stock takes a Long time to act Like what I was predict. I admit I have bothered from price action

and I admit That is so difficult To use or combine many technical school To reach a one possible result, HON give me good example as You can see the stock penetrates a resistance near 43-44$, by applying technical analysis rules, the Traders should buy This stock. On another hand, when try to apply EWP, The opposite action Should be taken (short) as showing on Chart. Sometimes I ignore EWP especially when technical analysis Shows a good signal supported with high volume, fortunately that doesn't apply on HON.

I have been waiting this stock since it was in bottom, and have a confident it will return to current prices. I might it a good chance to short stock or buy PUT option for OCT. strike 43, the target is preceding bottom. and stoploss will be announced next updating.

UPDATE

sell oct. and buy nov. same strike

60 min chart

Iam buying PUT option strike 43 Oct. before close.

WDC

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16 Sep.

Stock in the way to fall. stoploss is 28$

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7Sep.

Short setup on WDC stock, its in bearish trend for long time. Stock close above 30EMA and below 50MA. Volume is decreasing.

Iam going to buy PUT option strike 26 Oct, my target is 23$ and stoploss is close above 50MA with huge volume.

Good luck

IWM

11 Sep.

The counting in RUT is differ than other indices, I think it still in wave 2 and it hasn't completed yet, actually I see there is a good opportunity to buy IWM for very short term next week.

60 min chart.

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7 sep

chart shows a resistance and support of russel 2000.

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1Sep

markets are receiving September with a huge gain. The counting below needs to recounting one more maybe in weekend.

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31Aug

IWM is russel 2000 ishares its good when you want to chasing the russel index. I think there a room for falling this week.

I will put this post in updating group.

ANF .. long term view

7Sep

althought the soaring indices in last week, The ANF didnt act the same way. Soon or later ANF will complete the H&S and it is going to fall to 30$ as I expected, stoploss is 37.7$.

Good luck

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2Sep.

After earning had released last week, the stock dropped more than 4%. Now stock makes a small consolidation which seem a flag.Meanwhile, in long term, rhe stock is forming a huge head and shoulders.

Strategy is short or buy a PUT or even sell CALL for strike 35 OCt.

Target is 30$

OIH

10 Sep

updating OIH, as shown on chart, prices near to resistance and try to retest the broken trend. Ithink its time to sell oil.

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18 Aug

OIH is oil service holders and moving with oil price consistently. you could buy and sell OIH depend on you opinion of oil.

The chart of OIH shows the 2 probably pattern a ascending triangle and a bearish wedge. The third chart is a 15 min frame, it shows the bearish counting.

ascending triangle (see details on chart)

bearish wedge

bearish counting

all possible patterns or counting are need more time to confirm which direction OIH will heading.

Three reasons to short CLF

14 Sep.

CLF is about to forming a top, also on 60 chart CLF building a top broadening wedge, in addition counting shows that stock might form a last top to completing the wave.

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10 Sep

stock forms a lower higher near 78.6% fibo resistance, what is good thing on chart is a bearish engulfing pattern. this candle pattern has been formed exactly below 78.6% fibbo and touched blue upper trend of broadening wedge, that concurs with a general bearish view on stock. In addition , the gap as showing stills open and act as support.

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31Aug

The bearish situation didnt change, every stocks shows a weak signal.

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21 Aug

Next week will be big bang :)

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17 Aug

CLF is needless to identify, common in basic material sector. technically, stock shows a good opportunity for short it or buy PUT option.

The main support is near 58$

$WTIC ... oil continuous contract

23 sep.

There are two chart patterns are spotted. tinstone is a head and shoulders, and second is a huge flag. both Patterns are a bearish. 67 $ look like a good support.

14 Sep.

Oil completed the wave ( 2 ) as showing on chart, wave ( 3 ) might starts near from this area.

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11 Sep.

Daily chart of oil show a complex correction wave. the last rise leg about to completing, next week will be crucial.

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7 Sep.

OIL still in trading range movement. In EW perspective, oil moving as a correction wave, see chart. I think oil has room for advancing.

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30 Aug

Oil trading near to lower trend of rising channel as shown on chart. To predict the oil price movement I use many charts such as $WTIC, USO, OIH and some giant companies that relating to oil fields, I use all of them to get a clear view of next step of oil prices, but now as showing on chart of oil, its clearly that oil seems to retest the lower trend of channel before falling to next support near to 77$ then 66.6$.

best wishes

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18 Aug

Here a chart of OILUSD. the decline was a five waves so the oil will bounce as a correction wave either 2 or b and target is wave 4 in preceding wave.Iam interesting about USO,it reflects the oil movement.

16 Aug

$WTIC is oil prices with continuous contract, we will use it when we try to analysis the oil in general. Technically, oil still plays in uptrend channel as shown, waiting for breaking it or rebound to upper trend.

watching closely ..