Browsing Japanese Candlesticks™

RIMM Dark Cloud Cover Bearish Reversal Candlestick

Posted by Ronald Lee in August 31st, 2008  
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Posted in: Case Study, Chart Patterns, Japanese Candlesticks, Options Trading, Reversal, Technical Analysis, Trading Traps     Tags: , , ,

Research In Motion (RIMM) was spotted a Dark Cloud Cover reversal candlestick on Aug 22. Due to the high options premium, I only bought one contract of ITM Oct 130 Put @ $9.90. The stock was very bearish on Monday Aug 25 but went sideways for the next few trading session.
Since the trade was on [...]

Popularity: 31% [?]

Wall Street Closed Mixed For The Week

Posted by Ronald Lee in August 16th, 2008  
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Posted in: Chart Patterns, Earnings, Economic Indicators, Japanese Candlesticks, Technical Analysis     Tags: , , , , , ,

On Friday U.S. stocks ended mostly higher, with the major indexes finishing with mixed results for the week while crude-oil futures ended lower.
On Monday the Dow Jones Industrial Average climbs nearly 100 points but fall back to finish with a weekly loss of 0.6%. The S&P 500 climbed 5.27 points to close at 1,298.19, ending [...]

Popularity: 25% [?]

Merrill Lynch’s Downgrades Of Banks Send Stocks Down

Posted by Ronald Lee in August 14th, 2008  
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Posted in: Case Study, Chart Patterns, Economic Indicators, Japanese Candlesticks, Options Trading, Reversal, Technical Analysis     Tags: , , , , ,

On Wednesday U.S. stocks ended lower, weighed down by a rebound in oil prices and ongoing worries about the financial sector sparked by Merrill Lynch’s downgrades of several banks.
The Dow Jones Industrial Average fell 109.5 points to 11,532, with only five of its components finishing in positive territory. The S&P 500 index ended down 3.76 [...]

Popularity: 25% [?]

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