Technical Insider

PSEi Open: 2859 High: 2864 Low: 2726 Close: 2855 What the ----!!! After hitting the 130MA PSEi made a nose dive by producing a gap down. Seems like the bears are in control... Be careful everyone :) RSI: 21 - oversold... PSEi might bounce but continue to trend downwards... 32MA 3016 crosses under 65MA 3019 - down trend...

Daily Notes The first green bar of the rally (I am currently using the charting application provided by Citiseconline, if your using amibroker it should be the first white candle) After testing a possible resistance at 3133 (15Jan2010) the PSEi has dramatically and heartbreakingly collapsed. For the past 14 trading days: 4 trading days registered green/white candles (4/14) the rest is obviously in the red/black. Two gap downs were formed which would most likely be levels of resistance. Prior to todays market action the DJIA set the mood to trend upwards. This may have been the sign investors/traders have looking forward too. The evidence: a green/white candle with little downward uncertainty. The PSEi opened low and tested highs but still closed significantly higher than its open. Open:2867 Low: 2867 High:2892 Close: 2884 Is this a sign of a possible rally? Hopefully. But the volume does not support this opinion since today's volume fails in comparison to the past 14 trading days....

Open: 37.85 Low: 36.95 High: 37.96 Close: 37.20 Gap up! The real body hit the Parabolic SAR to signal a possible uptrend in the daily chart. Hopefully HSY will test resistance at 39 :) Hershey Announces Fourth Quarter and Full-Year 2009 Results; Reaffirms Outlook for 2010; Increases Quarterly Dividend HERSHEY, Pa., Feb 02, 2010 (BUSINESS WIRE) -- The Hershey Company (NYSE: HSY): Fourth quarter and full-year 2009 net sales increase 2.2% and 3.2%, respectively Fourth quarter earnings per share-diluted of $0.55 as reported and $0.63 adjusted Full-year 2009 earnings per share-diluted of $1.90 as reported and $2.17 adjusted Outlook reaffirmed for 2010 growth in net sales of 3-5% and an increase in adjusted earnings per share-diluted of 6-8% Quarterly dividend declared and increased 7.6% on Common Stock The Hershey Company (NYSE: HSY) today announced sales and earnings for the fourth quarter ended December 31, 2009. Consolidated net sales were $1,407,336,000 compared with $1,377,380,000 for ...