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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, January 30, 2010

AMZN


Weekly engulfing pattern signalling AMZN may be heading higher. A decent setup with a stop below $120. However, below 120 you better be out and getting short for the ride to 100 and the gap fill.


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AAPL Daily


Another way to look at Apple would be getting long above 189.50 on a possible cup with handle formation.

Either short or long Apple is definitely going to be a volatile play in February.


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AAPL


Classic buy the rumour sell the news with Apple's latest release. There could be an interesting short trade here below 189 as sellers hit the exit button to lock in profit.


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Friday, January 29, 2010

$SPX


Thursday Battle over 1090 won by bears

Friday battle over 1080 breached to 1078 and setting up good for the bears. The play of the day is to get short below 1078 for the zip line ride to 1060.

Bottom line is the overall trend has definitely shifted to BEAR territory and therefore buying of dips is no longer an intelligent strategy.


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Thursday, January 28, 2010

TSCM





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SIRI


Out at $0.80 for a $0.15 ride. I hope you caught the bus and got off at the target stop. Should come back down to $0.74. If it holds there another long shot will be in order. If not, it will be back to $0.69


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GLD


Double bottom on GLD

Long ith stop at 105.10


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GMCR


The single packet coffe manufacturer on verge of breakout to 98.50. Missed the boat here, but it may come back below 83 for a second chance and a 15pt pop. Set your alerts now.


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

$VIX


Nice long trade on the VIX:

Stop: 22.40

Target: 27.95


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Wednesday, January 27, 2010

SIRI


Move stop up to $0.70 - Target $0.79 and out with half - Let the rest ROLL


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

$VIX



It's only Wednesday and it's ONLY FED speak. The REAL story will be told by Friday. Looking for VIX to bounce hard off of 22.77.

Monday, January 25, 2010

SIRI


Buying more with a buy stop @ $0.72


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

Saturday, January 23, 2010

$TNX


10 yr note at pivotal range and not able to break 4%. Still falling....


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Friday, January 22, 2010

MO resistance/support





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SIRI - closer look 30 min


Look for the gap up to fill for a low of $0.67 and another buying opportunity with a stop below $0.65. This is an easy long setup with 10-15 cents of upside short-term.


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SIRI - update


Did you cash in on the Bull Flag? Here's your second chance @ $0.70

A break of $0.70 may be an opportunity @ $0.66


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

Thursday, January 21, 2010

SPX


Trend break and support on 50 day sma @ 1114


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Wednesday, January 20, 2010

SPY


Here is the SPY


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$SPX


Uptrend in jeopardy, but still intact. I'm sitting on hands for now. However, if you are bullish and a little nuts a long SPY trade with a stop below 112 would catch the run up to 1250 on the S&P. Otherwise, waiting for trend break to get short.


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MO


Dollar rising and MO falling:

Unexpected and counter to high yielding dividend stock. Could be short term top at 20.64


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GLD


Dollar rising and GLD falling:

As expected


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Thursday, January 14, 2010

GRAN


From $0.42 to $2.38


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IBM


Big blue at all time highs may have 30 more to go.


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Wednesday, January 13, 2010

SIRI


Bull flag forming on SIRI

Long above $0.64


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Tuesday, January 12, 2010

$SPX


Be careful:

- Up-Trend still intact
- Options Expiry this Friday


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GS


Close to losing uptrend to 200 daily MA


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2010 Picks to date




$VIX


Long 1/4 VIX


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Monday, January 11, 2010

AA





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Friday, January 8, 2010

GLD/MO)


Currently there is a downward weekly trend which began in early 2009 in the GLD/MO ratio meaning MO is increasing in price and GLD is decreasing relative to eachother. The last two weeks have seen a reversal of this trend coincidentally at the midpoint of the range indicating some consolodation. Based on this chart I would expect GLD to rise and MO to fall in price over the next quarter until this ratio reaches the top of the range or 6. This would relate to a April GLD price of $120 and a MO price of $20 or GLD topping out at 110 and MO consolodating to 18.50.

Either way for the next quarter you could pair trade as long GLD and short MO on May contracts and reverse the trade as the ratio reaches 6 getting long MO and short GLD. This should be fun to track as the FED begins reigning in the monetary policy punch bowl and the Dollar sways investments in commodoties and dividned yielding stocks.


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GLD MO & S&P 500


And here is a 5 year daily percentage view of GLD, MO, & the S&P 500 which shows how far GLD has run up compariatively.


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(GLD/MO)


Very interesting chart of the relationship of GLD and MO over the last 5 years. By dividing MO price into GLD price we see that there is a definitive correalation to the two equities which are both affected by the US dollar trade. It is however curious how the channels and the fibonacci's of a such a ratio could provide trade trigger points. In this relationship the higher GLD and the lower MO is the higher the graph point and conversely the lower GLD is and the higher MO is the lower the graph point.


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Wednesday, January 6, 2010

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.


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

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!


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