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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.

Friday, March 12, 2010

CAT


Buying CAT on break of $60 and using that as stop.


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

POT


Agriculture space is seeing sector rotational buying. Best in breed here is definitely Potash whcih just raised forecasts.

POT should open today above the 61.8% Fib retracement and this would be a good trade to the long side using 120.60 as a contingent stop.


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

Thursday, March 11, 2010

MO - Reversal Bar


Getting short Altria with some in the money PUTS:

June $21 Put @ $1.35


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

Wednesday, March 10, 2010

GRAN


Tension mounting on Bank of Granite triangle. Long with contingent 1/2 stops at 1.35 and then completely out at 1.29.


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

SIRI





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Tuesday, March 9, 2010

CSCO - Prior to BIG news


Here is a 5yr weekly chart of CSCO prior to the release of news that will "change the internet forever" according to them. Wonder if the market will sell the news?


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

UUP


With the Euro/USD falling one would believe the USD is heading higher. Not according to the UUP chart.


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EUR/USD


The Euro fails to breakout above 1.37465 and may be heading to 1.32.


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GS


Breakout for Goldman to the fib retracement and shorting back to trendline


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GLD





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$SPX





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GMCR


Single serving coffe must be selling well for Greem Mountain Coffe. Breakout.


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