Monthly Intraday Charts for SPY and SSEC: 2011-01

This is a monthly series of intra-day charts for S&P 500 (SPY) and Shanghai Index (SSEC)

SPY

SSEC

TLT chart analysis

TLT is bounced back from recent high of $94.7 and is attempting to form a bottom with a higher low.  Also the recent lower low of $90.16 is accompanied by flat MACD (13,34,9), a bullish divergence.  In addition, people are calling for ten-year yields to go back to 2.8% level, while it's now at 3.4%.  Should TLT successfully form higher low and breaks downward resistance line above, it's a good long candidate

Intel (INTC) Chart Analysis

After it hits 50% retracement level in September at $17.4, Intel is now below 50 DMA but above 200 DMA, expect a sideway pattern before a few chances of fast price appreciations, ultimate price goal is $30

Trina Solar chart analysis

Trina Solar broke out from 1.5 month consolidation and if it clears down trend ahead, it will be a long candidate.

From a longer term perspective, TSL has been consolidating between $15 and $30 for a year already, should it break out to upside, it may rise quickly.

Baidu chart update (BIDU)

BIDU is facing a choice to make as the upper resistance and lower support lines converge.