Financial Stock Candle Chart Analysis, January, 2009
1607 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by Ira Krakow
DESCRIPTION:

Date updated:02-04-2009

This portfolio summarizes my candle chart analysis, for financials, from January 5, 2008 to February 4, 2009. The research is based on my candle chart article on Stockpickr.com.

symbol name last price % change open
  • +
  • XLF
    Financial Sel Spd
  • $14.60
  • -0.61%
  • $14.57

January 9-15: 5 out of 6 days when the closing price was lower than the open, with increasing depth on the 15th and 16th. January 27-28: Close higher than open both days, apparently a strong uptrend signal. Unfortunately, not confirmed by the trading from January 29 to February 4.

People owning XLF also tend to own: AAPLEWZGLDQQQQRIOXMEIGW

TheStreet.com Rating: No Rating What is this?

  • +
  • C
    Citigroup Inc
  • $4.20
  • -1.41%
  • $4.19

January 5-8: churning sideways activity, signalled by thin rectangles. January 9: Bearish harami, signalling downward move. Confirmed on January 12. Move continued untile January 20. January 16 to February 4: sideways movement from 3 to 4, with no breakout signal either way.

People owning C also tend to own: ACEBACCBCOPCVXDISGS

TheStreet.com Rating: D What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $42.46
  • -0.21%
  • $42.47

January 5 to 12: bearish candles from 30.5 to 23. January 15-20: 3 bearish candles in a row, from 25 to 18, signalling continuation of bear trend. Not confirmed by subsequent trading activity. January 20-21: bullish harami (on January 21) signalling an up trend, to 27, which continued to 1/28. January 29-February 4: Gradual downtrend, on bearish candles, from 27.5 to 23.5

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • WFC
    Wells Fargo & Co
  • $27.87
  • -1.59%
  • $28.21

January 5 to January 7: 3 Strong bearish candles, signalling downward trend, from 29 to 17. Continued to January 20. January 27-28: Gap up, on two green candles, a strong bullish signal, from 16 to 21. Not confirmed by subsequent action.

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • FITB
    Fifth Third Banco
  • $9.97
  • -0.80%
  • $9.97

January 6 to 8: thin candles, signalling sidways action from 7.25 to 8. January 9-12. Bearish downward signal, confirmed by price action, from 7 to 2, until January 22. January 28-29. Bearish harami, confimed, by price action from 3 to 1.5.

People owning FITB also tend to own: CACLECSCOGEGRKMPKR

TheStreet.com Rating: D What is this?

  • +
  • USB
    Us Bancorp
  • $23.29
  • +0.69%
  • $22.95

January 5-6: two bearish candles, signaling drop from 28 to 16 on January 21. January 22-February 4. Churning, alternating bullish and bearish candles, from 12 to 16.

People owning USB also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • KEY
    Keycorp
  • $5.73
  • -1.55%
  • $5.77

January 20-21: bullish harami, signalling move from 6 to 8.9, ending January 29. January 29-30: Bearish harami, signaling drop from 8.7 to 6.9, through February 4.

People owning KEY also tend to own: AUYBPCSELMTLUNAPEGPWE

TheStreet.com Rating: D What is this?

  • +
  • HCBK
    Hudson City Banco
  • $13.30
  • -0.15%
  • $13.30

January 6-7: Bearish harami, confirmed when price dropped from 16 to 12.2 by January 20. February 2-4: 3 marching soldiers (3 increasing bullish candles) predict a bullish breakout from 11.4 to 12.5.

People owning HCBK also tend to own: CLJCPUTXCATCVXDNAGOOG

TheStreet.com Rating: B What is this?

previous next

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Cramer's Take on Headline Stocks...

Not a Stockpickr member? Join the community today -- for free.Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about...

11.20.09 | 11:48 AM
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 20, 2009 According to Jim Cramer, options expiration is driving the current market selloff. He pointed out that the only stocks that we...

11.20.09 | 08:09 AM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 19, 2009 According to CNBC’s “Fast Money” traders, the stock market is showing no signs of stopping its current bull run. Joe Ter...

11.19.09 | 11:13 AM
Squeezing the Shorts: Earnings G...

By Jonas Elmerraji Posted on Nov. 18, 2009 There are plenty of reasons for stocks to have the attention of short-sellers. Waning financials, a deteriorating business mo...

11.18.09 | 12:36 PM
more articles
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
Simple headline speak "1,00...
11.23.09 | 00:02 AM From author graspthemarket
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
more forums
Q. Am I diversified? My major hold...
11.22.09 | 21:36 PM Asked by fwtrader

A. a sector pair but not an industry pair
AAPL/AMT

today 's lists
Cramer's Lightning Round

These are the stocks from Jim Cramer's Nov. 1 Lightning Round. We list the stocks on which he is BULLISH and BEARISH.... more

52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on Nov. 20, 2009. more

Rising on Unusual Volume

Here are some stocks that moved up on unusual volume on Nov. 19, 2009. more