Orange juice weekly chart

On Oct 26, 2011 I posted the following regarding orange juice ;

http://gicharts.blogspot.com/2011/10/orange-juice-weekly-chart.html

This chart above is a "weekly" chart ...

Expect a major parabolic rise ...

Mayday, mayday, bond crash !

You know me by now, I kind of repeat myself over an over (for the past 2 months ....)

Bonds will crash ...

Do I need to post it again in a few weeks ?

See those light green arrows ? Last chances to get out !

Go long equities (China, Germany, US, France .... etc ...)

Buy and hold

Do what I do right now, focus on a real business, and forget the markets

VelocityShares Daily 2x VIX Sho (TVIX)

VelocityShares Daily 2x VIX Sho (TVIX)

Key support level is "quite clear"

Price/Volume action : Pay attention to it

Red arrow = Key trigger reversal level !

Euro Dollar trading plan

Euro Dollar trading plan (using a weekly chart)

1) Purple arrow scenario = We are way oversold, EU zone manages to get its act together, PIIGS are able to show signs of growth .... yeah, right ...

2) Black arrows scenario = Still not oversold, and a lower Euro is needed to boost exports and increase tourism in the PIIGS countries ....

It seems quite simple to use these kind of simple arguments ....

Try this exercise; What in your mind would trigger a purple or a black arrow scenario ?

Yes, charts have their limits ....

We now need a major "event" to trigger a break out (up or down)

Gut feelings ? EU zone is weak, with weak leaders ....

PIIGS zone is VERY weak with no growth at all !

The ECB is way "too political" and not able to decided on their own ....

I was hoping for parity in order to save the PIIGS countries ....

But then again .... "Expect the unexpected" is probably deal right now :)

SP 500 chart update

SP 500 daily chart update ;

1) Higher lows pattern = Intact (bullish)

2) Breaking resistance levels

3) Last key resistance level ? Then what ? BULL !!!!

SP 500 chart update

SP 500 chart update (weekly)

Key levels are NOT always perfect, yet they are quite reliable.

Some of you may be thinking ; "Oh, I see a possible head and shoulder pattern", so if we do see a break down now, it would confirm the "right shoulder" ....

Forget it !

Expect a long sideway pattern, leading to a huge break out above the red arrow in about 3 to 4 months from now.

ishares Silver Trust ETF (SLV) , huge spike up on the way ?

ishares Silver Trust ETF (SLV), weekly chart ;

1) Plan your trade (based on current facts, key support, world events, etc ....)

2) Draw on the chart what you expect (price/volume increase, volume break out, resistance broken, target .... etc ....

3) Blue arrows = my probable scenario

SPDR Gold Trust ETF (GLD) trading plan

SPDR Gold Trust ETF (GLD) trading plan

1) Weekly chart

2) $160 = Clean break out buy trigger

3) Gold heading below the light blue uptrend ? Very low probability right now

4) Iran, Iran, Iran ....

5) Can the $USD and Gold rise at the same time ? Yes .... so as usual, expect the unexpected.

2012, focus on Iran and crude oil

Focus on Iran and crude oil prices ;

Red arrow = Key resistance

ABC pattern almost activated

Blue arrows (thick) = Probable war with Iran

Below purple arrow = Global slow down (I doubt it)

Focus on defense stocks

War = Higher demand for $USD ???? We shall soon find out

When volume is the key trigger

Focusing on VXX, volume break out is our key trigger

Blue arrows = expected scenario

Euro Dollar probable scenario ?

Traders willing to pay a high premium (options) "highly speculative shorts"

Focus on long/short trigger

Key month trigger is March

Gut feeling ; Way oversold

SPDR Gold Trust ETF (GLD)

SPDR Gold Trust ETF (GLD) ; focus on the facts

1) Red arrows (old resistance level) is now our main support level (green arrows)

2) Last key support is clear

3) Re entry is clear

4) Is the uptrend over ? Hard to tell since we could be facing a long sideway pattern before heading higher again.

5) Watch the $USD Dollar .....

Will a Euro crash save the Euro zone ?

On May 21, 2011, I published the chart you see above, with the link right here ;

http://gicharts.blogspot.com/2011/05/euro-crash-will-save-spain-portugal.html

Let me be clear ; that does not mean that the $USD is a "better currency" !

A Euro crash is needed to save countries that really depend on global tourism.

A crash is also needed to boost exports

In late Nov 2010, the Euro did find a key support @ these current levels (1.2992)

Euro bounced up, and retested the 1.2992 levels again in mid Jan 2011.

If the Euro stays below that key level for the next 2 weeks, expect a sudden crash.

PS : As usual, expect the unexpected, and get ready to change your mind fast !

Buy China and go away

Shanghai SSEC weekly index ;

Focus on that large blue circle on the left of the chart

Current break down .... I call this a "fake move"

Like I said, expect a BULL market

Your mind is focusing on "fear" right now ; wake up and understand that you are facing global deep values !!!

iPath SP 500 VIX Short Term Futures ETN (VXX)

iPath SP 500 VIX Short Term Futures ETN (VXX) ;

1) Focus on the "last key support level"

2) Main trigger = VOLUME !!!!! Expect a volume break out

Where the big money is going

No need to be a chart expert to notice that the chart patterns of the following stocks are telling you to "add" those stocks to your portfolio.

BA, CSCO, HD, PFE, MO, MRK, XOM, IBM, INTC, MCD, KFT .....

Big money tends to "always" focus on key players after a major down trend.

Since you and I are the little fish, let's follow the "whales" :))))

Just an other day in Belgium

Just an other day in Belgium (photography)

SPDR Gold Trust ETF (GLD), can you predict the next pattern ?

SPDR Gold Trust ETF (GLD) ;

1) Can you predict the next pattern ?

2) Based on the current "facts" (global economy, financial crisis, currency war), we shall expect the following scenario (see the blue arrows)

3) Can this scenario change ? I doubt it, unless some invisible hand makes a miracle ...

4) Stocks or Gold ? Both , focus on high quality stocks with decent dividends.

AMR Corporation (AMR), do not touch it

AMR Corporation (AMR) ;

Using pure chart techniques to enter AMR ?

No way .... focus on news, fundamentals first !!!

Let others "gamble" the reversal

Wait a few months for an eventual channel, then an eventual break out

Do not guess .....

Sunny day in Brussels

Sunny day in Brussels (grande place)

Wide angle 14mm