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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.

Thursday, February 11, 2010

$SPX


Up to 1090 tomorrow and the week is merely an inside week butting up against FALLING moving averages...

Bearish until 1105 is taken out to the upside and then still have resistance at 1121.

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


Long the VIX
Stop - 23.83

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GLD


Scaling out of long and looking to enter short in stages:

107.35
108.10
108.35

The thinking is that the affliction to the 200 hour moving average is too much of a coincidence to the gap fill of 108.43. This sets up an excellent short trade with a stop above 108.50.

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GNK


Long for the long term hold with leaps
Stop - 17.94

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Wednesday, February 10, 2010

AZO


Short
Stop 161.35

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SIRI Bull Flag


Long
Stop $0.79

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$SPX - long term Fib Fan


Monthly chart with a Fibonacci fan line shows the downtrend and the importance of the current level. Take into consideration the monthly average and it's pretty easy to explain the markets oscilations of late and the increased volatility.

I see a short trade setup with a stop of 1105 or the monthly high.

A long setup using a small position size with the stop being just below the 200 SMA 1034. This is a bounce play and profits should be taken quickly.



For the Web's best interactive charts, please visit http://www.Prophet.Net
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Tuesday, February 9, 2010

EUR/USD


All the talk on the Euro is the only thing proping the dollar up. It is not that America is stronger, but everyone else is getting weaker especially Europe. Somehow I find it comical that the US dollar will be viewed as a "safe" vehicle and I do not expect this sentiment to last. Look for precious metals to bounce and use your due dilligence on finding entry points on GLD and SLV on ascending trendlines.

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


Long SLV
stop 14.35
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GRAN


Wait for it....

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X


Nibbling, stop just below trendline
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Monday, February 8, 2010

GLD




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BAC


Not long yet...

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$SPX


Be careful...

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MO




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