Watch List June 30, 2014 - $SPY $AAPL $TWTR $LNKD $DDD $VHC

Today is June 30rd, 2014, Sunny day here in Berlin. Every weekend I go through some charts that I like to trade for the week as part of my preparation. I would to share it with you.

Global News: Same as last week, the situation in Iraq continues to worsen and an escalation into a civil war is not out of sight . This is a market mover and should be watched closely. Renewed tension in Ukraine is causing some unrest in that region with major EU powers urging the Ukraine government to extend the ceasefire. Any escalation with either side could lead to more violence and unrest. The market will react to this if it happens. No major news from the Syrian war. Nor is there any reports on major hostility from North Korea lately.

Economic News: Last Friday we had the reshuffling of the Russell Index which resulted in millions of shares moving around and a significant spike in volume going into the weekend. Many stocks benefited from the reshuffle, as short term trades looked to profit of it.

Economic Calendar: On the Economic Calendar for the week are Pending Home Sales & Auto Sales to watch for.

Earnings Calendar: A quick look at the Earnings Calendar for the week shows not many major companies reporting.

Markets: Markets continue their breakout, with major indices staying close to all time high. This indicates a strong bullish sentiment, so unless we get major negative news, we should continue higher.

Watch List June 23, 2014 - $SPY $NFLX $AAPL $BBY $TWTR

Good morning,

Today is June 23rd, 2014, it's 10:30 am here in Berlin. Every weekend I go through some charts that I like to trade for the week as part of my preparation. I would to share it with you.

Global News: Major news currently is the escalating situation in Iraq. This is a market mover and should be watched closely. Any escalation could lead to a breakdown. No major news from the Syrian war. Nor is there any reports on major hostility from North Korea lately.

Economic Calendar: Packed for the week with Manufacturing Index, Existing Home Sales, Consumer confidence/sentiment, Jobless claims and farm prices. All of interest, any unusual or unexpected results could trigger a pullback. Any favourable reports and we could breakout once again.

Earnings Calendar: A quick look at the earnings calendar for the week shows not many major companies reporting, except Nike and KB Home.

Markets: Markets seem to continue their breakout, with major indices staying close to all time high. This indicates a strong bullish sentiment, so unless we get major negative news, we should continue higher.

$SPY Daily Chart

Watch List June 14, 2014 - $SPY $NFLX $AAPL $BBY $BAC

Hello everyone,

Today is June 14, 2014, It's a saturday and a nice sunny weekend here in Berlin.  I'm going through some charts that I like to trade for next week as part of my weekend homework.

Lets take a look at the Macro economics. The economic calendar was light going into the weekend. Producer price index and UMich consumer sentiment were released Friday, before and after the market open respectively. Next week I'll be watching the markets as Industrial production and Housing Market Index data get released. And overall the whole sentiment to estimate if we will continue the bullpen or reverse and start a pullback.

Note: I'm a bull by nature, so my preference will always be bullish stocks. But I'm also trying to profit from the downside. I'll always take smaller trades if I short any stock.

The markets right now in my opinion are a little over extended. I won't try to call the top but I think we are due for a pullback. I also won't try to estimate how strong of a pullback. I'm just going to identify trades are are overbought and look to take short term trades against them. At the same time I'll identify bullish charts in the case of a continued run, that I can enter.

Looking at the S&P 500 chart. The market has been started a pullback after an extended rally, topping off at $196,05. Yesterday was a volatile day and the market closed almost undecided. So I'm looking for a continued move down and a retracement to 20MA @ $192.19. Second target would be $195.45.

$SPY Daily Chart