Trading For Those With a 9-5 Job

Starfucks...$3.50 for coffee...boomers are scaling back to the ole instant...echo kids drink red bull.

I have 20 of these charts...

Let's watch for the pull back to $50.00 then down to $10.00

13/34's about to cross.

Puts are the simple approach...and you will harvest great profits.

Buy them out as furthest as you can afford.


humble golfer

Thanks for the charts. I have also been looking at consumer consumables in the uk. If the personal debt is increasing then these stocks should go down

From the charts you have uploaded the froth is about to come off starbucks. And the potiential is huge. Will look to sell from 50 area...

OLu

I keep coming back to sugar because I believe it has the potential to go down to 16.00.
Price is in a strong downtrend channel. We have had the upmove to the top of the channel and have turned down with a bearish candlestick pattern. in a few weeks we could be talking about the recent low at 19.00 area

Olu

Comments on the chart. It would either bounce or fall through from here. A bounce means stock markets and commodities fall and a fall through means rallies in the SP500 and commodities. Let the markets show its hand before committing...

Olu

Comments on the chart...

Olu

Comments on the chart...

Olu

Comments on the chart...

Olu

Comments on the chart. MACD Histogram and Stochastics support a turn downwards...

Olu

Comments on the chart...
We had a little help from the BOE

Olu

Comments on the chart. Beware of over-exposure to Eur risk though if you took the short eurgbp trade...

Olu

Comments on the chart...

Olu

Sell did not elect. Maybe later...

Olu

Hey 9/5'rs,

Let's take a look at Best Buy Inc.

Most likely in everyone's portfolio (401K) etc.

2000 top...ok, that was a tech bubble and the baby boomers were still young and rich.

The 2006 top/real estate top...ok...we are just alittle slow...but we still loved those big screen TV's..our broker said no big deal and we still were rich.

2010 top with the economic "recovery of the century"...and being absolutely flat broke/wiped out/banko'd/living with mom & dad...stupidly...with brokers advice we stayed strong.

2012..Huge head and shoulders neckline break..get out now and lick your wounds and fire your broker and start watching the big charts yourself...at least if you fuck up, you can live with it.

Follow Olu's simple charts and you can atleast stay with the markets.


humble golfer

Missed the Move!!! Should have left my stop order in. Lesson to self. Leave the stop order in place. The markets do not stop moving because I go to bed.

Olu

Thanks again for this chart. Still watching starbucks for 50. Going by the usual technical H&S targets for Best Buy this stock is going to single digits!

Keep on posting them. Thanks

Olu

Comments on the chart...Careful though. Crude is a bit of an animal

Olu

Comments on the chart...

OLu

So far the dollar is taking it on the chin. My pro-dollar trades are not off to a good start at all

EurGbp: Price is recovering from 7830 area and backtesting the broken lower channel line. We are at 7867 as I type this entry. As long as it does not break the upper channel line the trade proposal is still in play.

EurUsd: Price is also backtesting the trendline that smacked it down. It will actually meet the line around 1.2400. We are at 1.2350 as I type. A break above the said number will cause me to reassess the situation (or go long)

Crude Oil: As I said earlier the dojis at overbought levels did bring a reversal and price reversed as much as 250points. Price put in a hammer candle and is now trying to attack first the high of the hammer candle and then 94.70 area. If successful we could have momentum to the 96.50 area. However there is serious bearish divergence on the daily chart so I believe the 9-5er trade is to the downside.

AudUsd: Price has been as low as 1.0500 and reversed. Right now we are at 1.0555 and price is labouring to go up. Above 1.0615 we would have to capitulate and assume no trade until we hit the weekly chart top triangle line. I am still biased to the downside.

AudCad: As long as we do not take out 1.0598 on the weekly chart my short proposal based on weekly overbought stochastics, turned stochastics and bearish engulfing candle is still in play. Would love to see a break below 1.0436 to think about adding more shorts.

Wish you all loads of pips

Olu

I am looking for 24 in Best Buy and 50 on Starbucks to sell

Olu

I posted this on another thread....

They are both charts of the nzdusd. Just me thinking aloud

Olu