Math

Lots of Math this past month.

Market for Monday

Ok, Stochastics totally indicate that the SPX is down on Monday. MACD supports this also. Volume was average on Friday during the drop. More specific XOM also looks down. Support is about $84.60. The next support is at $82.20. CVX hit support around $83.00. SWC has taken off with strong volume supporting it. Stochastics show it as over bought but the Moving Averages are still both pointing up.

Oops, It's been 2 1/2 years

I took a bit of a break between this and the last post.
So I bought calls on a couple of stocks which may be stupid since it's a bear market but what the hell.

CVX is rising from support around $82.50 and doesn't hit resistance till almost $95 in 4 weeks

GS is rising from $172 and should be able to make it to $188 in 2 weeks.

LEH is rising from support around $53.4 to resistance around $68 in 2 weeks.

XOM is rising from support at $82 to resistance around $95 in 6 weeks.

I got stopped out of LEH on Thursday when everything went down but I stayed in all the rest.

The S&P 500 has been down since January but I think it can go back to 1393 before it turns down again. It is somewhat over sold at the moment but it is moving towards center.