Citigroup Inc. (C) trading plan

Citigroup Inc. (C) chart analysis and trading plan ;
1) Low volume .... we need a price/volume action
2) Expecting some volatility next week
3) 5 exp MA is still below the 50 exp MA (moving average crossover)
4) Still way below the 200 days exp MA
5) A weekly close above $4.4 will send Citi fly up

Shangai perfect ABC pattern ?

Shangai Stock Exchange chart analysis ;
1) Weekly chart
2) See older posts to view past recommendations
3) "A" level = 3500
4) "B" level = confirmed @ 2750
5) "C" , our real trigger is right above "A" (weekly close)
Gut feeling ? That perfect set up shall send global markets much higger, with oil prices rising above $90.

Dollar bullish reversal on the way ?

$USD Dollar index weekly chart analysis ;
1) Confirmed support level ?
2) Focus on the first buy trigger
3) Huge buy trigger if the Dollar gets above 77 (weekly close)

Gold warning signal

Gold weekly chart analysis ;
1) I may sound like a broken record, but we are facing a "parabolic rise"
2) No, gold will not rise to the moon ......
3) No, its not the end of the $USD Dollar (wake up people!)
4) A lot of people will GET HURT in Gold !
5) Let's assume you have decided to buy gold now (because everybody else did, and the media keeps on telling you to buy gold) ; think like a trader ! Use 1100 as your stop, and 1050 as your "last stop loss level".

Light crude oil chart analysis

Update for light crude oil chart ;
1) Funny how a few weeks ago ; the pattern was giving us a probable break out (upside) !
2) News of "rebels" from Yemen heading to Saudi Arabia could have sent prices higher.
3) Stuck in a tight channel ....
4) Long term pattern is still VERY bullish !
5) Watch the support level at 74-76

Gap down on my radar screen

The following stocks are facing a "gap down" (news related, see increase in volume).
Micron Technology Inc. (MU) ; next target ? 200 days exp MA ?
Texas Instruments (TXN) ; support @ 50 days exp MA ?
Mechel Steel Group OAO (MTL) ; double top, heading down to 50 days exp MA ?
Intel Corp (INTC) ; next support @ $18

BSE India Bombay Sensex 30 Index

India BSE Bombay Sensex 30 Index chart analysis ;
1) Weekly chart
2) Focus on that "lower high", broken trend, resistance and support
3) Raise stop loss to 16500
4) Current price is 16823
Expecting a sideway pattern, long term bullish pattern still intact

Ambac Financial Group (ABK)

Ambac Financial Group (ABK) ; Getting a lot of demand for this stock from several readers.
People, let me be clear here ; reading chart on this stock is "useless"
It looks like a double bottom .... so what ..... it could/may be the end of the company !
Reading chart without looking at news/fundamentals is like almost commiting suicide (financial).
Focus on the NEWS only !

Gilo, Jerusalem Israel

I did this painting in 2000, named "Gilo 2000"
See my painting blog here
You can see the latest news on the BBC (concerning the settlements and the expansion of Gilo)
PS : Painting is for sale :)

Gold analysts review

The file (PDF) is quite long, but worth reading
Dowload it here from GFM World Gold

Apple Inc. (AAPL) trading plan

Chart analysis and trading plan for Apple Inc (AAPL) ;
1) Are we facing a double top ?

2) Clear warning signal is @ $200 (your stop loss)

3) For me, the word "overbought" means that price is way too far away from its "usual" exp moving averages (50 & 200).

4) "Fundamental" overbought is another story ......

Just a quick reminder of certain ratios I like to look at ;

A) Market Cap to Revenue ; Apple ; Market Cap is 186B, Revenue is 36B

B) Now look at Dell, RIMM, Nokia, Samsung ...... mmmm

C) Price to Sales ; Apple ; 5 ; others ? Way lower ....

Why am I trying to scare you ?

An old lesson I learned a while ago ; price moving up is ok if fundamentals do follow :)

Price tends to zoom up first, lots optimism (and love story) on Apple.

Another reminder ? I am VERY bullish on Apple Inc (AAPL), BUT ...... gut feeling tells me that we should expect a sideway trade before trending higher "after" getting more good news.

PS : Do not ignore Dell or Nokia ..... they are smart too :)

Dollar versus Israel Shekel

$USD Dollar versus Israel Shekel chart analysis ;
1) Clearly broken down trend (May to mid Oct)
2) Price broke out, giving us a clear "A" level @ 3.800
3) "B" , support seems to be confirmed @ 3.750
4) "C" , the full buy signal is right above "A"
Israel is doing its best to lower the strengh of the Shekel

Huge buy signal on the British Pound ?

British Pound weekly chart analysis ;
1) ABC pattern "almost" fully activated
2) "C" trigger is right above the high seen @ "A" (1.7000)

Berkshire Hathaway Inc. (BRK-A)

Busy reading the latest news on Warren Buffet ;

He bought stakes in Exxon Mobil Corp. (XOM) and Nestle SA

He also raised its stake in Wal-Mart Stores Inc. (WMT)

Buying the number 1 railroad company was a smart move :)

Only problem now is that the SP 500 is doing better than Berkshire Hathaway Inc (BRK-A).

The SP 500 pays you a dividend .... Berkshire pays you nothing !

Chart pattern for BRKA ? Probably heading into a huge ABC pattern, let's hope its start to rally towards its "C" level.

Large Diamond, fancy yellow

Large DIAMOND for sale
GIA CERTIFICATE N° 5101250781
FANCY INTENSE YELLOW.
Shape & Cutting style : Modified rectangular brilliant
Measurements : 21,74 x 16,82 x 12,16 mm.
Carat weight : 43,61 carat.
Origin : natural.
Grade : fancy intence yellow.
Distribution : Even.
Clarity grade : VS1
Polish : very good.
Symmetry good.
Fluorescence none.
Feel free to contact me for the certificate

United States Natural Gas Fund ETF (UNG)

United States Natural Gas Fund ETF (UNG) ; double bottom ?
1) Would like to see "more" volume
2) Been adding shares of UNG
3) A weekly close above $9.5 is what we need now.

Pfizer Inc. (PFE)

Pfizer Inc. (PFE) weekly chart ;
1) On my radar screen
2) Forward PE ; 8 ! (cheap if you compare other big caps)
3) One thing I do not like, Low revenue to market cap .....
4) Did you buy PFE ? Use $16.5 as your stop

iShares iBoxx Investment Grade Corp Bond (LQD)

iShares iBoxx Investment Grade Corp Bond (LQD) chart analysis ;
1) Clean and clear uptrend
2) Resistance level (see chart)
3) Support level confirmed ; raise stop to $105
4) Next move ? Double top or break out ?

Apple Inc. (AAPL), no comments

Apple Inc. (AAPL) weekly chart analysis ; "no comments" :)
A picture is worth 1000 words .....
Is Apple Inc. (AAPL) in your portfolio ? It should ....
Did you miss the train ? No worries, buy and use $190 as your stop.

SP 500 chart update

SP 500 chart update ;
Buy signal intact (see exp moving averages crossovers)
Focus on that key support level (in grey)
Double top pattern in a tight congestion ; expect a violent move
Anything (news) could trigger a break out ;
Bank failure toll reaches 123 (old news priced in ?)
Billionaire Warren Buffett said that while his businesses have bottomed ; buying Berkshire Hathaway Inc (BRK.A) is probably better than your average ETF

About being a contrarian ;
John Templeton placed an order to buy $100 worth of every stock that traded on a U.S. exchange for $1 per share or less. See full story here