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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

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.


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

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


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

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.


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

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.


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

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


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