Chart-o-rama

So you think the precious metals are going to take off because the Government is going to continue to print money until we are completely in a 1930's type recession? As Billy Joel once said:

Bottom-line here is Bottom fishing may be the new down-rigger necessary sport. Most of the charts look like SWC which could have a "bit" more downside. But at these prices....Do the math.

SWC

The same could be said for the battered home builders. TOLL Brothers has held up nicely in the latest downside barrage. Could it be the best in breed going forward. Let's say 3-5 year leaps?TOL

Sometimes its fun to compare two completely opposite stocks like POT and MOS. Potash is best in breed agriculture while Mosaic is primarily a technology advertiser. Wow are these guys and their sectors headed in opposite directions? POT appears to be forming an inverted H&S while MOS could be headed for sub $20 to form a right shoulder of a massive monthly H&S

POT

MOS

And then there is oil. Well oil service has just been murdered, but is now the time to be nibbling? Hmmmmm, could be......

OIH

And here is an interesting gas play...ever heard of Lacede? Pretty strong chart long term and check out the 30 day 30 min for the short term strength. The short term action found resistance and support between long-term fib lines...

LG

LG 30 DAY - 30 MINUTE

And lets use oil to segue into China...Petrochina and the FXI may be in the bottom-fish category as well. If oil is going back to $120 I figure these two will follow suit.

PTR

FXI

And lastly there is AMZN: inverse H&S going back to highs only to fall hard in the end...

Which is really the longer term picture. Bull run for now which will not set new highs in 2009 and then a BRUTAL collapse of markets lasting much longer than 2 months. The government is merely delaying the inevitable and setting those up smart enough to realize you that if you were long and did not get out your second chance awaits over the next 6-9 months and you had better get out and get short prior to the old highs. But till then it is bull season and the trend is your friend.

The majors...

SPY

$INDU
QQQQ

Boing.....Perspective look using 60 day - 60 min

A nice Fed inspired short covering rally today breaking the short term downward trend. Will there be a follow-thru day?

SPY

$INDU

MO, SEE, MSFT, & QQQQ

Altria for the indulgence play is still searching for solid ground. The recent lows will be retested before any confident bull run will take place.

MO

SEE or Sealed Air may be a nice way to play the online retailers and shippers as they are a bubble wrap packaging system manufacturer that also supplies the meat industry with dry-pak packaging of meat products.

SEE

Now Mr. Softy is sporty a fairly significant H&S pattern. The thing is the right shoulder is lower than the left which normally indicates further downside risk. However, the likelihood of $24 hitting before more downside makes the most sense.

MSFT

And by looking at the QQQQ monthly more downside after a res bit.

QQQQ

Why the homebuilders?

Because nobody else likes them except Cramer........

XHB - The homebuilder ETF is channel down

Cramer was touting Masco several weeks ago just after he called the Bottom. I figure he has to double up here soon...

MAS

Cramer has also been heavy on Nuecor for the dividend yield play. There must be something here because he talked about it for most of last week. Best in Breed going forward?
NUE
KBR - Balance sheet but at sub $10 could be a deal...