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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.

Monday, January 4, 2010

Sunday, January 3, 2010

2009 StockPicker results... (that's 2 of 3 for me)

A good old fashioned BUTT whooping kinda like Florida against Cincinatti and Alabama against Texas:







Almost 20% (bahaha....)


IWM





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QQQQ





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$SPX


Break-down or break-out next week?


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GLD


Gold in mid-range, but looks vey weak above 109. A break of the 105.71 would be extremely bearish.


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GLD


Gold in mid-range, but looks vey weak above 109. A break of the 105.71 would be extremely bearish.


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MO - hourly





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GS





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Tuesday, December 29, 2009

$SPX


As Bugs Bunny once said, "Be very Careful"


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Wednesday, December 23, 2009

MO


MO resisistance levels as the dollar rises and the inverse H&S pattern plays out. By the way an Inverse H&S is VERY BULLISH!


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Tuesday, December 15, 2009

BAC


Downward slope may not end til mid $13


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Wednesday, December 9, 2009

$SPX





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Tuesday, December 8, 2009

AZO





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GLD





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AAPL


Shorting AAPL above $205 paying look for profit taking on the shorts here and a possible bounce off of $185. However, a failure to hold $185 could be a very promising short entry.


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Monday, December 7, 2009

$SPX



Shorting using Leap Puts in thirds at the following levels:

1120

1180

1228

Friday, December 4, 2009

GLD


Longer time frame...


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GLD


Gold break of breakout trend on dollar rise off of better unemployment numbers. REALLY....


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$TNX


All time 10 yr note


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TLT


20 year treasury holding trend barely but still bullish until broken


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UUP


Dollar Up on 2 year lows


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UDN


Dollar down still holding trend


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$SPX





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$INDU





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Tuesday, December 1, 2009

MO


Beware the H&S on the one hour chart of Altria. A break below 18.70 could be another buying opportunity in the mid 17's.


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IWM





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Friday, November 27, 2009

MO





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SPY





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DIA


Possible targets as the Dubai news may take the wind from the bull run sail for now.


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GS


HUGE inverted H&S with a close stop. Long into December...


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Thursday, November 19, 2009

VIX





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Tuesday, November 17, 2009

GLD





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Monday, November 16, 2009

$INDU





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Sunday, November 15, 2009

INDU





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$SPX





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Thursday, November 12, 2009

Wednesday, November 11, 2009

$SPX





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PCLN





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Sunday, November 8, 2009

Wednesday, November 4, 2009

QCOM


Looks like a year long H&S pattern, but I'm wondering if it holds support at the convergence of the moving averages and the fib line at 40.67.

I'm long with a stop of 40.45


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Monday, November 2, 2009

$SPX kiss


Today's move was a kiss of the underside of the trend looking for fall away from line this week.


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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.


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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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