Technical Insider

DJIA = 13,359.61 DJIA forming a big black candle with lower highs and lower lows. Volume increasing. DJIA plummets after political turmoil in Pakistan. Former Prime Minister Benazir Bhutto was assassinated by a suicide attack. Is this the end of the rally of DJIA? Resistance seems to have been forming at 13600. If the coming trading days breaks this resistance, quite possibly the rally/uptrend will continue. Good luck to all traders... It might be prudent to take caution in the positions you are holding by taking protective measures...

SM = 365 ( 1.40% ) SM formed another white candle with higher high and higher low. Volume increased significantly. SM moved above possible resistance at 362.5, might test possible resistance at 367.5-372.5, previous gap down. SM recently touched the Parabolic SAR to confirm possible rally or uptrend. Fast line crossed above the slow line of the MACD, although still below the zero line. Good luck to all SM traders!

DGTL = 1.74 ( 2.40% ) DGTL formed another white candle with higher high and higher low. Volume decreased. DGTL moved above the resistance at 1.72. Bullish. Next resistance to test: 1.84 Good luck to all DGTL traders!

MER = 83.5 ( 0.60% ) MER formed another white candle with higher high and higher low. Volume increased significantly. MER continues rally/uptrend. Possible resistance at 84? Good luck to all MER traders!

PSEi = 3667.64 ( 1.50% ) PSEi again formed another gap up white candle now with shaven top and shaven bottom and volume steadily increasing. Might be bullish. PSEi also hit Parabolic SAR to signify uptrend and fast line of MACD has crossed above the slow line to confirm bullishness, although MACD still below the zero line. PSEi moved above the 65MA and is now above all three of the monitored MAs. The firing order of the MAs are not desirable though, where the current price action closed above the 65MA, which is above the 32MA, which is above the 130MA. PSEi seems poised to test the aggressive supply line. Can PSEi move above the aggressive supply line? Good luck to all traders!

Day trading notes Sold some MER at 83; sold all the rest at 83.5 PX higher high, might test resistance at 10, increasing volume, might post huge volume, gap up SM higher high, higher low, failed to move above 65MA PLTL higher high, higher low TEL higher high, break of aggressive supply line AC higher high, testing 130MA, big white candle, moved above both 130MA and 32MA BPC higher high, higher low, doji DGTL higher high, break of resistance at 1.72, higher low NRCP among most active, huge volume crossed by 338 at 3.25, increased volume SPH testing support at 7.9, break of support MER might be forming resistance at 84, higher high ^PSEi higher high, higher low, increasing volume

Notes at the open Sold some MER at 83 PX higher high, might test resistance at 10, increasing volume, might post huge volume SM higher high PLTL higher high TEL higher high AC higher high, testing 130MA BPC higher high DGTL higher high NRCP among most active, huge volume crossed by 338 at 3.25 SPH testing support at 7.9 MER might be forming resistance at 84

DGTL = 1.7 ( 3.7% ) DGTL formed another white candle with higher high and higher low. Volume increased significantly. DGTL was able to move above the resistance level of 1.66 which can now be considered a level of support. DGTL tested resistance at 1.72 but resistance held and DGTL closed below it at 1.7. Could we expect DGTL to move above the 1.72 resistance level today? Could DGTL pull back from achieving these recent white candles and higher highs? A good buying position might be a break of 1.72; in this respect a missed buying oppurtunity was on a break of 1.66. Oh well... Good luck to all DGTL traders.

MER = 83 ( 3.1% ) MER formed a big white candle with higher high and higher low. Volume increased. MER continue rally or uptrend. MER retraced almost 61.8% of the recent correction or downtrend, making the continuation of the recent correction or downtrend less likely due to the unhealthy retracement. Looks like 130MA will act as a level of resistance and 65MA and 32MA will act as levels of support. Expecting a pull back? Window dressing? Good luck to all MER traders!

DJIA = 13,551.69 ( 0.02% ) DJIA formed what seems to be a doji with higher low and lower high. Volume increased. Rally or uptrend seems to be intact as verified by the formation of a higher low. But downward pressure is present as signaled by the formation of the lower high. Careful traders...

PSEi = 3612.63 ( 2.3% ) PSEi formed a gap up white candle but significantly scanty volume. Window dressing? PSEi was able to move above both the 130 and 32MA :) I hope this will act as support levels. I hope the rally or uptrend continues and test the aggressive supply line. 65MA will likely act as a level of resistance. Recent gap up will act as level of support. Expect pull back due to scanty volume. Careful traders...

Sold some MER at 83; 83.5 Shortened trading week starts today PSEi coming from consecutive white candles DJIA coming from consecutive white candles Window dressing? FLI higher high; among most active; among top gainers MER higher high; CLSA top buyer (ave = 82.7) NRCP higher high COL higher high GMAP higher high BDO higher high MBT higher high DIZ lower low; among top losers DGTL higher high; testing resistance at 1.66; among most active; testing resistance at 1.72; huge volume 28M shares traded MEG higher high; among most active ICT higher high AC higher high PNB higher high SM higher high; among top gainers; closed on its high of 560 BPI higher high; closed on its high at 62 TEL higher high DMC higher high JFC higher high; among most active; closed on its high of 51.5 BPC higher high; among most active; closed on its high of 4.75 PLTL higher high; among most active; closed on its high of 7.5 GEO higher high; among most active ABA among top gainers

Sold some MER at 83; 83.5 Shortened trading week starts today PSEi coming from consecutive white candles DJIA coming from consecutive white candles Window dressing? FLI higher high MER higher high; CLSA top buyer (ave = 82.7) NRCP higher high COL higher high GMAP higher high BDO higher high MBT higher high DIZ lower low DGTL

BDO = 60.5 ( 3.4% ) BDO formed a gap up white candle. Decrease in significantly huge volume. BDO starting to rally and test resistance made by aggressive demand line? Good luck to all BDO traders!

DJIA = 13,549.33 ( 0.73% ) DJIA formed another white candle with higher high and higher low. Volume decreased significantly. I hope DJIA test the recent high :) Good luck to all traders! :)

PSEi = 3030 ( 0.50% ) PSEi formed another white candle with higher high and higher low. Volume increased. PSEi closed at 32MA which is acting as a level of resistance. I hope PSEi test the aggresseive supply line. Good luck to all traders!

Merry Christmas!!! from the Technical Insider May you all feel the love and joy that the Christmas season brings