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.

Saturday, July 16, 2011


What target? Huge momemtum..


One that got away. I've not read why the move from $0.50 to $4.41 transpired.

S - Sprint

Friday, July 15, 2011

XLF - Financial ETF

No good news...

XLP - Consumer Staples ETF

Rocket science...

Long above $30.25

XLB - Materials ETF

If nothing is being built this move is solely on the lack of dollar valuation. As the wheels on the bus are removed watch Materials retreat.


Wells Fargo has held on as a bank because they are generating govenmental income from distributing EBT cards to the unemployed. Otherwise their chart would look more like the other banks. As Unemplyment and stimulis programs wane so should WFC.

BAC - 5yr weekly

Out with the old Bush Administration bank....(See next post on Wells Fargo)

SIRI - daily

Shows the resistance/support of $2.25.

Tight stop - $2.20
Loose stop - $2.09

Wednesday, July 13, 2011


Buy some more if breakout over $38. Otherwise wait for $34.50

GLD - yr weekly

Not quite time to unload Blackbeard's hoard.


All time monthly chart does not bode well for the US dollar.

Tuesday, July 12, 2011


Interesting channel forming on Altria may provide a chance to get more with easy stops.


Bounce day.