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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Saturday, September 5, 2009

Amazing what a scan can yield when you're bored:

Gleaned from a free Google Finance scan:
Debt free and paying at least a 7% Dividend yield:
I'll follow this up with a few of the choice charts some time later this weekend.  Have a great Labor-less Labor Day.  Boy that Obama stimulus package needs a little blue pill.

Friday, September 4, 2009

TOL


How bout Long Toll Bros. with a stop below yesterday's open of 21.49 on a breakout of the long term triangle. A loose stop for a long term trade below the fib line of 20.90.

XHB


Maybe nibbling on some housing stocks with a possible bull flag on the XHB. Getting out if drops below the 14.25 mark.

GLD - Much adieu bout nothing


Don't be a chaser if you've missed the move. Looking for Gold to hit some major resistance and consolodate the hyped move to 1000. Set your short orders for the other side of the $1000 landmark landmine and wait for the pullback to the fan line to take profits. Set your stop above 101.

Thursday, September 3, 2009

SPY


Which way will it break?


For the Web's best interactive charts, please visit http://www.Prophet.Net

DOW 30





For the Web's best interactive charts, please visit http://www.Prophet.Net

Wednesday, September 2, 2009

BAC


Hope you took the Bank of America short on the trend break, but it's time to cover for now. Reload the short above 18.10 for a harder fall.

Tuesday, September 1, 2009

IWM


Banks got the biggest hit and are at the bottom of the upward channel.

Monday, August 31, 2009

DIA - 20 day 30 min


Hmmm, a break of 95.23 sma and then a fib line at 95.44 and a LOT of consolodation at 94.51......

With everyone looking for a pullback be wary of a blowoff top. Meaning - speculate long and wait for the confirmation things are REALLY rolling over. The sky is not falling YET chicken-little, but it is coming soon.


For the Web's best interactive charts, please visit http://www.Prophet.Net

$SPX





For the Web's best interactive charts, please visit http://www.Prophet.Net