Trading Ichimoku http://tradingichimoku.com technical analysis at a glance Fri, 18 May 2012 15:09:41 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 $AUDSGD . Watch Supporthttp://tradingichimoku.com/2012/05/18/audsgd-watch-support/ http://tradingichimoku.com/2012/05/18/audsgd-watch-support/#comments Fri, 18 May 2012 15:09:41 +0000 iam802 http://tradingichimoku.com/?p=2967

The AUD/SGD continues to show weakness .

Target continues to be 1.24 and 1.21

]]> http://tradingichimoku.com/2012/05/18/audsgd-watch-support/feed/ 0 $SPX . Bearish and break 1320!http://tradingichimoku.com/2012/05/17/spx-bearish-and-break-1320/ http://tradingichimoku.com/2012/05/17/spx-bearish-and-break-1320/#comments Thu, 17 May 2012 13:09:43 +0000 iam802 http://tradingichimoku.com/?p=2963

On the Ichimoku Daily Chart, $SPX has been supported at level 1320.

However, a closer look at the 5 min chart, we can see that 1320 is under heavy pressure and may not hold over the next 2 weeks.

1. It has previously really from the 1320 support level, hit the 1340 support-turn-resistance level

2. Pre-market has already shown that 1320 has been breached.

3. Given that it can’t go beyond 1340 in the previous bounce (despite fairly good US economic data), the pressure is for it to go down further.

]]> http://tradingichimoku.com/2012/05/17/spx-bearish-and-break-1320/feed/ 0 $SPX . 1340 breached. Next target.http://tradingichimoku.com/2012/05/14/spx-1340-breached-next-target/ http://tradingichimoku.com/2012/05/14/spx-1340-breached-next-target/#comments Mon, 14 May 2012 13:54:51 +0000 iam802 http://tradingichimoku.com/?p=2960

/ES 1340 support level has been breached since pre-market.

With this support breached, next target should be 1320 and 1306

If /ES rebound for the day, the resistance to look at includes 1340 and 1351; both of which provides good short entry with stop loss.

]]> http://tradingichimoku.com/2012/05/14/spx-1340-breached-next-target/feed/ 0 $SPX . Break kumohttp://tradingichimoku.com/2012/05/09/spx-break-kumo/ http://tradingichimoku.com/2012/05/09/spx-break-kumo/#comments Wed, 09 May 2012 13:15:36 +0000 iam802 http://tradingichimoku.com/?p=2956

All the bearish indicators are aligned for a short.

1. Bearish cross from the Tenkan sen and Kijun sen

2. /ES has break the kumo support on the Ichimoku Daily Chart

3. Leading kumo has twisted; another confirmation for the change in trend.

]]> http://tradingichimoku.com/2012/05/09/spx-break-kumo/feed/ 0 $BMC . Holding up well. Watch for entry.http://tradingichimoku.com/2012/05/08/bmc-holding-up-well-watch-for-entry/ http://tradingichimoku.com/2012/05/08/bmc-holding-up-well-watch-for-entry/#comments Tue, 08 May 2012 12:32:08 +0000 iam802 http://tradingichimoku.com/?p=2952

Compare to the rest of the market, BMC chart has been holding up very well.

Currently, /ES may be breaking its kumo support soon. However, we can see that BMC is trading at around $40 (above the kumo) and still in bullish territories.

There is a pretty good kumo support at around $38.

Earnings is on May 9. So, my preference is to wait for its earnings and see how it react together with the rest of the market.

I believe, a retrace will provide a good buying opportunity for BMC.

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