Blog description

My photo
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.

Thursday, February 25, 2010

GLD


Gold up today on rumour China will buy remaining IMF gold reserves. Up but downtrend not broken.


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

SIRI


Sirius - XM beat the street reporting earnings this morning and incresed their forecast projections for the remainder of the year. In pre-market trading the stock is virtually unchanged at $1.10.

Look for a "shakeout" move on selling the news. This may be the opportunity to add to your long position.

Remember a break of $1 and all long bets are off.

As I'm posting this the market opened and you are seeing the daily range as of 9:35 am.


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

(GLD/MO)


Here's an update on the GLD/MO trading pairs chart on a 5yr weekly. I find it interesting that a long term flag is forming and the pair is near a bottom inflection point of 5.21.

This chart is definitely showing the effect of the US dollar on GLD and the dividend yielding equity Altria. The recent rise in the greenback is shown as gold and GLD have pulled back and MO has risen and also shows there is a little more room in this direction. Perhaps the $83.00 target on the dollar will become a reality.

I plan on poring back my GLD short and begin looking for entry points to switch to long and possibly get short on MO as the dollar rise tops out.


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

F


Ford breaking out of bull flag.

Long above 11.65


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

Wednesday, February 24, 2010

HD


Home depot reported earnings and beat the street expectations. But the more interesting news is they RAISED their dividend again. So here is an all time monthly chart showing the beginning of a breakout. I'm buying here below $30 for long term hold.


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

Tuesday, February 23, 2010

VZ


Short

Stop above 29.30



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

SIRI


Bull Flag - Long above $1.07

Longer term term holders may want to put a stop at $0.99 to protect profits.


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