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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, January 23, 2010

$TNX


10 yr note at pivotal range and not able to break 4%. Still falling....


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Friday, January 22, 2010

MO resistance/support





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SIRI - closer look 30 min


Look for the gap up to fill for a low of $0.67 and another buying opportunity with a stop below $0.65. This is an easy long setup with 10-15 cents of upside short-term.


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SIRI - update


Did you cash in on the Bull Flag? Here's your second chance @ $0.70

A break of $0.70 may be an opportunity @ $0.66


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Thursday, January 21, 2010

SPX


Trend break and support on 50 day sma @ 1114


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Wednesday, January 20, 2010

SPY


Here is the SPY


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$SPX


Uptrend in jeopardy, but still intact. I'm sitting on hands for now. However, if you are bullish and a little nuts a long SPY trade with a stop below 112 would catch the run up to 1250 on the S&P. Otherwise, waiting for trend break to get short.


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MO


Dollar rising and MO falling:

Unexpected and counter to high yielding dividend stock. Could be short term top at 20.64


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GLD


Dollar rising and GLD falling:

As expected


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