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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.

Saturday, October 31, 2009

$SPX


As bad as it was Friday this market is still in chop mode and the US Dollar holds the steering wheel. The scenario of a sell-off closing out Oct and beginning November only to rip up to close out the year in December appears to be coming to fruition.

I'll be looking for the selling to subside next week to get back long with a stop below the 1014 fib line.

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


Set an alert on BIDU to get short near 400

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RIMM


Stopped out earlier in the week and looking for a bounce to get long at $57.50 with a VERY tight stop.

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HD


Home Depot getting smacked down as it excemplifies the retailer and home builder sectors. Tough to be a bull here and easy to wait for bounces up to sell into.

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


Euro/USD to sells off to secondary trend but still bullish.

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GLD


Long GLD

stop = 101.59

Short term Target = $105.50

Intermediate Target = $ 115.00

Long term Target = $ 130.00

For the Web's best interactive charts, please visit http://www.Prophet.Net
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Friday, October 30, 2009

MET


MetLIfe finding resistance at 37.76 or the 50% fibonacci retracement level.

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Thursday, October 29, 2009

NFLX - Bull flag agian?


Waiting to see the low $50 levels to get long.

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NFLX




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S&P


Break of trend, but may not be ready to roll over & die just yet.

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GLD - break




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AMZN




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Tuesday, October 27, 2009

MO


The rise in the dollar is having an affect on diviend yielding companies like MO so be careful as the dollar runs into heavy resistance the toward the end of the week. This 60 day 1 hr chart clearly shows support and resisance levels and a break below 17.80 leaves ALOT of white space below.

For the Web's best interactive charts, please visit http://www.Prophet.Net
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Monday, October 26, 2009

GLD




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UDN - Another look the opposite way


Dollar down secondary break

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UUP - Dollar up on break of trend




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