Chart.ly Blog

Natural Gas

tradingpoints — Wed, 17 Mar 2010 22:31:40 +0000

Certainly Natural Gas could bounce at any time, and 4.23 could be a likely area for a bounce. Trends typically terminate or at least pause from 1.272 Fib price extensions, which is exactly where Natural Gas is (basis the Apr contract) on the weekly charts. Tomorrow Natural, Gas weekly storage report is due. Last year’s draw was 42 bcf and the 5 year average draw is 65 bcf. Given the mild March temperatures and recent price action a smaller bcf draw seems to be being priced in.

However fundamentals still weight heavy against Natural Gas:

1. NatGas storage is still 1.2% above the 5 year historical average for this time of year

2. The number of drilling rigs is still increasing and now at a one year high

3. Industrial demand from manufacturing is still MIA.

4. Disproportionate number of front month contracts held by the $UNG ETF weighs heavy on Natural Gas as the speculative demand still skews production supply and demand clearing price.

Social Charting II: How to Post Charts to Chart.ly From the StockTwits Desktop

ldrogen — Wed, 17 Mar 2010 18:26:45 +0000

We built the StockTwits Desktop to give users the full StockTwits experience, giving them access to a range of features all on one screen. One excellent aspect of the desktop is the ability to quickly post charts to Chart.ly. Below you will find a quick review of the process, it’s very similar to the new StockTwits.Com.

Once you’re in the desktop, open the text entry box by clicking on the red MESSAGE button at the top left. Then click on the ADD CHART button below the text entry box.

Enter the symbol of the asset without the $ and click BROWSE.

Search for the file on your hard drive, highlight it, and click open.

This will place the file name in the box below the symbol. Go ahead and click UPLOAD.

A link to your chart will now show up in the text entry box. Remember to add the symbol of the chart with the $ and describe your trade or give a comment about the chart. Hit enter on your keyboard or click the red POST IT button to post your message.

Your chart will now be saved in the Chart.ly archive and will be tweeted to StockTwits and Twitter. Check out the Charts stream and see your message with a link to your chart show up there as well.

Daily Chart.ly Rundown 03/17/2010

Chart.ly — Wed, 17 Mar 2010 13:51:00 +0000

During the trading day we use the Chart.ly account to retweet the best charts coming through the system in real time. These tweets are a curated list of the best of the best from the community. If you’re looking for trading ideas or the best technical analysts on Chart.ly, make sure to review this list daily, you can find it HERE.

Chart.ly Chart of the Day: FSI International FSII

ldrogen — Wed, 17 Mar 2010 12:22:18 +0000

Today on the Chart.ly Chart of the Day we take a look at $FSII with @traderstewie. A short word of caution, this is a low market cap stock, and only trades a little more than 500,000 shares a day, risk management is of the utmost importance in this issue. The pattern though looks amazing and this stock could be set for a nice run. The run in late December has been followed by a low volume consolidation in the form of a symmetrical triangle. Look for a move through 3.40 to get long this name for a swing trade.

Social Charting I: How To Post Charts to Chart.ly From StockTwits.Com

ldrogen — Tue, 16 Mar 2010 16:18:20 +0000

We are extremely proud to have launched the new StockTwits.Com this past Friday. We are also stoked to see how far the Chart.ly stream has come, with so many great ideas being shared visually every day. Whether you are an experienced technical analyst or not, there’s something about being able to share your ideas and trades in a visual way that adds so much more to the conversation.

For those of you who are new to StockTwits, or those who have never posted a chart but would like to give it a shot, below is a brief walk through of the process, it’s simple, easy, and takes only a few seconds.

Start by logging into StockTwits and clicking on the text entry box above any stream.

Click the chart button below the text entry box. If you would like your tweet posted to twitter as well, make sure to click the T to the right of the chart button, it will turn blue indicating that your message will be posted to twitter as well.

Enter the symbol of the asset your chart represents, the $ is not required in front of the symbol. After you’ve entered the symbol, click SELECT FILE to search your computer for your chart file. Remember the correct syntax for futures is ES_F and the correct syntax for forex is EURUSD.

Chose the correct file and press open.

The file name will now show up below the text entry box. Press the OK button.

The link to your chart will now show up in the text entry box along with the symbol. You may add to your message by describing the chart, your trade, or anything else you may like to indicate. When you are ready, press the POST button at the bottom right.

Your message will show up in the stream with a link to your chart for all to see. Clicking on the link will bring you to the chart which you can see HERE.

If you have any questions regarding this process, or would like any other help becoming familiar with Chart.ly, please don’t hesitate to e-mail me at leigh at stocktwits dot com.

Daily Chart.ly Rundown 03/16/2010

Chart.ly — Tue, 16 Mar 2010 13:10:31 +0000

Chart.ly Chart of the Day: Devon Energy DVN

ldrogen — Tue, 16 Mar 2010 12:19:27 +0000

Today on the Chart.ly Chart of the Day we take a look at Devon Energy $DVN with @akoptiontrader. Energy names have been turned back over the past few days, many are attempting to break through large levels of resistance. Devon has good support around the 68 dollar level but watch those stochastics which are rolling over. This is a range trade for now, but a break through 73 with a strong close could set this one off and running.

Chart.ly Chart of the Day MGM

ldrogen — Mon, 15 Mar 2010 12:05:00 +0000

Today on the Chart.ly Chart of the Day we take a look at $MGM with @gtotoy. Is it finally time for the casino names to break out? This large symmetrical triangle seems to be coming to a conclusion one way or another over the next few weeks. A break through 12.50 and $MGM should launch, it hasn’t joined the market party yet. Keep and eye on the volume and support from the rising 20 day moving average for clues that the party has started.

Is Your Junk Running? Well Then You Better Go Chase It!

ldrogen — Sat, 13 Mar 2010 19:05:51 +0000

An interesting chart posted by @VPgradient this weekend looking at the relative performance of junk stocks vs quality since the February 5th bottom. I think the chart speaks for itself, take a look.

WeeklyTA Takes Requests

Chart.ly — Fri, 12 Mar 2010 13:26:40 +0000

Make sure to catch up on some excellent charts posted last night by @WeeklyTA as he took requests on the StockTwits stream. You can find them all, including setups in $GMCR, $LVS, $MDR and others on his Chart.ly stream HERE.