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.

Friday, January 3, 2014

$VIX - 10yr Monthly

Checking the VIX one can see that Options prices are relatively low reflecting a "Stable" market. Now is an excellent time to purchase those leaps or spreads.

Created with ProphetCharts®

MO - 1yr daily

The little engine that could keeps chugging higher. Pretty easy to set stops. The pinching blue lines indicate a Pennant formation without a breakout occurrence. In other words as long as the 37.63 line isn't compromised MO could breakout higher and push $40.

Created with ProphetCharts®

GLD - 5yr weekly


Created with ProphetCharts®

$SPX - 10yr Monthly

Patern to be?

Created with ProphetCharts®