AMZN

It great to be right, but I wish I'd have actually placed the short trade. If you did congrats, but you may want to take profits now.

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CLX daily look

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CLX

Consumer staple Clorox may be making it's way back to the 200 month EMA @ $36.86...Could be an oppoortunity to get short on any strength...

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GRAN

Bank of Granite to $0.69

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AZO - cup with handle example

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POT

Potash running out of rebound steam....Back to $53

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$INDU 2yr monthly

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$INDU

It's looking like 5778 for the DOW 30

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$SPX 2yr daily

Target - $610

or another 12.8%....

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$SPX 10yr monthly

10 year montlhy

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$SPX

And the downward momentum continues exactly touching a Fibonacci fan line drawn from March of 1950. It is now the last bastion of defense or support until $610.47....

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$SPX

Okay, after a myraid of charts from differendt sectors including international it all comes down to this.....

The S&P 500

Double bottom? Remains to be seen, but it does not look very promising.

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RIMM

Double Bottom?

Hmmmmm Could be.....

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HPQ

Tech is dead....

But check out the trading ranges on a couple of the biggies....

HPQ & RIMM

Possible long trades with extremely tight stops.......

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V

Liking Credit cards her: Visa - tight stop $54.13

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MA

Long Mastercard with a stop @ $149.80

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GLD

Here's a great chart on where all the hoarding types put their "safe" money...in GOLD.

I think the Fibonacci fans work well on gold...

Is this looking like a failed cup & handle formation with the right side not reaching the previous highs and the handle being formed? Could we expect another final run toward $1k only to begin the fall back to the $700's?

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EUR/USD

What can the Euro tell us about the global picture?
It's "Not too good"...
Question here is will the $1.233 October lows hold or will it be a test of $1.164?

Yet another great indicator for thy dry powder....

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10 year note

As stated a few weeksago the 10 year note has made the journey back to the resistance of 30.74 and is banging on the door to go higher. Will it push through or fall back tothe averages at $27.50? I'm betting on the fallback.....

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PTR

How bout PetroChina for the global picture.....

Promising.....but still way to easy to see the "slide" to the double bottom.

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GE

GE is not much to talk about without their Dividend intact. Cutting the dividend sent what value guyswere left trampling eachother for the exits.....

It's fairly easy to see $6 before this turns.

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DUK

Duke must hold $13.20 or it's sub $10...

This is another great indicator for the earnest of the so called "turn-around"

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APA

Let's look at a couple of individual energy plays for the real outlook.

Looking pretty weak.....

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Crude on a weekly

Looking at the monthly & weekly we can see that it's an uphill battle....The daily chart gives hope or false witness until confirmed by longer timeframes. It appears the next level to conquer is for crude to stay above $44 or as the preavious chart shows it's down to $30 we go...

Keep thy powder dry...it may not be time to strike thy cannons yet...

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Crude update

Bottom line is if crude can not hold $44.30 we will see another leg down to $29.77....OUCH

Doesn't this monthy chart look completely UGLY

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