Tolerance of Yen Drop

From Bloomberg ;
"Group of Seven finance chiefs signaled acceptance of the yen’s slide to its weakest in four years, so long as it doesn’t get out of hand."
Read the full article here  
Acceptance of the Yen's slide ... wake up !!!! Its a currency war !!!! Too stupid to understand !

Apple Inc (AAPL) trading plan

Apple Inc (AAPL) trading plan ;
EMA settings = 5 & 50
Crossing = Stop loss level
Key resistance is clear (add positions above if you bought)
Gut feeling ? We remain under this resistance for a few days, weeks, before
"things" start to improve ...
We need some "key news event" 

10 Year US Treasury Note Yield

10 Year US Treasury Note Yield, weekly chart
Bill Gross said that the bond bull market probably ended
I say he is dead wrong ... for the moment
We got a few higher lows ... no big deal
See those large blue arrows ? Highly probable scenario
Prediction ? Long term deflation, no growth ...
Buy farm lands

SPDR Gold Trust ETF (GLD) facing an ABC pattern ?

SPDR Gold Trust ETF (GLD)
EMA settings = 5 and 50
ABC pattern ?
A = Clear next resistance
B? = Not clear yet, unless we get higher lows soon

Is the Dollar back ?

Is the $USD Dollar back ?
Or are we facing another "fake break out attempt" ?
No more faith in the Euro zone could send global investors back into the Dollar

Last chance to sell in May ?

SP 500 weekly chart ;
Focus on this overbought condition, last chance to sell in May ?
Blue arrows = Highly probable scenario

Is Microsoft Corp ( MSFT ) back ?

Is Microsoft Corp ( MSFT ) back ?
Monthly chart, with a key resistance broken !
Once again a heavy weight in the Nasdaq (Market cap)
A "must" own if you follow tech stocks
You can add Google Inc (GOOG) to the must own tech list

Currency Pattern update

Using Daily and hourly chart patterns ;
$USD : Lower highs seems confirmed
$EUR : Higher lows confirmed, now let's wait for the Euro to break and remain above 1.3230.
$JPY : Still bearish, the BOJ does everything to keep it lower
$GBP : Bullish
$CAD : Bullish
$CHF : Neutral
$AUD : Neutral to bearish
$NZD : Bullish

Thailand Set index is about to crash

Clear weekly parabolic rise in the Thailand SETI index
Focus on light green arrows 1 and 2 to start shorting !

Fake moves

How to spot a "fake move"
My settings are always on "weekly" first (then I check the daily, hourly)
Note that spike up and reversal ? Its telling you that the resistance level is quite strong
No volume on a "fake" break out ... no key "news" events ...

Starbucks and the coffee market

If you are trading Starbucks, or are in the coffee market, here is a great article
on agrimoney.com 

Moving to Morocco

Busy moving to Morocco. Blog will be updated with global indexes, currencies, and opportunities that can be found in Morocco (Agricultural and real estate investments)

The Nikkei and the Yen

If you have been reading this blog for a few months, you probably noticed that I was bullish on the Japanese Nikkei.
Now what ?
Nikkei is way way overbought, and the Yen is way way oversold !
Still very bullish on Japan, but allow a pullback ; Sell in May, and go away until end of Oct

SP 500 chart updated

SP 500 daily chart update ;
Purple light arrows = Sell in May and go away ...
Black arrows = We enter a channel pattern
Light grey arrows = I "doubt" that scenario (breaking out and heading higher)
Gut feelings ? A pull back followed by a channel pattern

Athens General Share Index updated

Updating the Athens (Greece), General Share index ;
Weekly chart with the 50 and 100 simple moving averages
Notice how "B" (within the ABC pattern) stands right at the 50 & 100 SMA
Highly probable scenario ? Price remains within those two arrows for several months, then
shoots up above "C"
Trend followers will buy the break out above "C"
Opportunists are already buying
Value investors are "Dollar cost averaging" (so should you)

Apple Inc. (AAPL) trading plan

Apple Inc. (AAPL) trading plan ;
Weekly chart with its 200 weeks simple moving average
Light green arrows = Buy levels
Blue arrows = Highly probable scenario
PS : Now facing a value play !

Gold probable scenario

Using the Gold ETF GLD "weekly" chart, with its 200 weeks simple moving average.
Blue arrows = Highly expected scenario
Gold was way overbought
Long term story ; NOTHING has changed !

Gold is way way oversold

Using the SPDR Gold trust ETF ;
Allow price to dip below the long term 200 weeks moving average, then
start building positions.

SP 500 monthly chart

The "big picture" (monthly chart)
Current long term pattern favors another heavy pull back
We could get a "fake" move upwards, but I doubt it will hold ...

Natural Gas and the ABC pattern

Natural Gas facing a typical ABC pattern
Long term buy trigger stands right above the "C" level