Advanced Micro Devices Inc. (AMD)

Advanced Micro Devices Inc. (AMD) weekly chart analysis ;
1) Are we about to test the "B" level ? (see ABC pattern explanation on the right).
2) Price/volume/News action at the end of Aug confirm that "conditions" have improved".
3) Higher lows "base" pattern intact
Trading plan ? Focus on price/volume action in the next 5 days, expecting a strong bounce up around the "B" level with big increase in volume and a daily gap.

Madoff amazed he did not get caught sooner

Source : CNBC.com
"Everything the SEC did to investigate him prior to 2006 was a waste of time!"

I posted that Madoff cartoon several months ago

Current market opinion

What a reversal on Friday, but at least the $USD Dollar index was up :)
If you are using the ETF (UUP) to trade the Dollar, our next key target is $22.8.
If you are focusing on the $USD Dollar index, next target is 76.75.
SP 500 next key support is 1020
Nasdaq next key support is 2000 ?
Gold did hold up pretty well, key support @ 1030
Light crude oil 's next key support @ 76
United States Oil Fund ETF (USO) re testing its 200 days exp MA.
United States Natural Gas Fund ETF (UNG), once again broke support, but I am REALLY focusing on it next week, hoping to buy some around $10, and add more shares below $10 (see older posts on UNG several months ago, did the same and it worked quite well).

Gut feeling ? We could be facing a China/India slow down (crude oil seems to confirm).
I'll keep you updated on Shangai's and Bombay's indexes ; still too early to tell, but if Bombay's Sensex 30 index go below 15,500 and Shangai's index goes below 2800 we could face some real "global" damage

Conclusion ? Go $USD Dollar !

Apple Inc. (AAPL) chart analysis

Apple Inc. (AAPL) chart update ;
1) See recent update, posted a few days ago. Scenario is taking place.
2) Price level $185 is as mentioned before a "warning level".
3) Notice also the 50 days exp MA, right in that "support channel" (grey on chart).
Gut feeling ? We did not close at the bottom of friday's candle, we did close that gap. I am expecting price to "enter" that grey support channel then bounce up, leading Apple back in that $190 to $200 channel.
What will cause me to change my mind ? A huge sell off on monday (SP 500).

Dollar index chart trading plan

Dollar index chart update/trading plan ;
1) Focus on the recent entry level
2) Now pay attention to the "huge entry level" ; that's the beauty about charts ; they tell you exactly where you should "enter safely".
3) Is this a bullish reversal ? No, not yet. Wait for the Dollar to get above the "huge entry".

Bill Gates of Belgium ?

Bloomberg reports that the "Bill Gates of Belgium" is scaring SAP AG (SAP) and Oracle Corp (ORCL) with its FREE software
I remember reading Chris Anderson predicting that FREE will rule !

Brazil Ishares (EWZ) and the ABC pattern

Brazil Ishares (EWZ) chart analysis ;
1) Note the importance of the 50 days exp MA
2) "B" level (strong support) is now confirmed
3) If you decide to buy NOW, simple, use "B" as your stop loss
Gut feeling now ; do not expect to see EWZ zooming up ... yet ...
I have the following scenario in mind ; a sideway trade for at least 2 weeks, followed by a break out (above "C) around the end of November.

SP 500 chart analysis

Quick update for the SP 500 chart ;
1) Note that the 50 days exp MA was a "great" support level
2) "Big" Money went to financials (see Citi or FAS)
3) Going long now should incite you to use 1040 as your stop
Now the "big question" ; should you buy the SP 500 or stick to foreign markets that REALLY zoomed up yesterday ? (see EWZ and RSX ; Brazil and Russia).

Metals monthly research

BNP Paris Fortis Metals monthly research (Oct 2009).
Merchant banking , investment research.
Enjoy a deep analysis.
Gold, silver, platinum, copper etc .....

Nasdaq composite chart analysis

Nasdaq composite chart analysis ;
1) Let's face it, we where all expecting some kind of a pull back.
2) Main question now is ; "should we buy on the dip ?"
3) Focus on the "warning level", then on the "reversal" (bearish) level
4) Settings used ; 50 & 200 days exp MA
5) Price is below its 50 days exp MA
Trading plan ; wait for the following to take place ; a "spike down" below 2050, followed by a quick reversal above 2065 (monthly close). I would be a buyer of the usual suspects if that scenario takes place.
The usual suspects ? GOOG, AAPL, AMZN, MSFT, INTC, CSCO, QCOM ......
If that scenario does NOT take place, expect another move down to test the 200 days exp MA.

Light crude oil chart analysis

Quick look at light crude oil ;
1) Focus on that "important support channel" ; will we test those level ?
2) Again, its a DOLLAR story .... or is it a Chinese slow down story ?
3) A monthly close below $74 could cause an important bearish reversal
PS : Uptrend still intact

Citigroup Inc. (C) trading plan

Citigroup Inc. (C) trading plan ;
1) Are we seing a "B" level (see ABC pattern) ? Not confirmed yet.
2) Buy level 1 is right above $4.2
3) Full re entry above $4.4 (see chart)
Patience ..... stay out ...

SEC Launches Investor.gov

The SEC has launched its first-ever Web site devoted exclusively to investor education, providing investors with in-depth information and "top tips" on how to invest wisely, plan for the future, and avoid being scammed. (source Investor.gov)

Take a look at the "money game".

Market opinion

We are "probably" wondering the same thing right now ;
1) Is the market really overbought ? (See also current PE ratios)
2) Is Gold way overbought ? (Parabolic rise ?)
3) Is the $USD Dollar finally giving us a "real" bull signal ?
4) Should we overweight BRIC countries in our portfolio ?
5) Should we overweight Tech in our portfolio ? (AAPL, AMZN, MSFT, CSCO ...)
6) Time to sell and wait for a "huge dive" ?
7) Is the financial crisis really over ? Some recent news that disputes that ;
A) Foreclosures spreading to new cities
B) Fears of a new chill in home sales
C) Not the time to be in the timber industry
D) Commercial real estate headed for real trouble

Common sense tells you that after a fast price rise (see most indexes), you should expect a healthy pullback. We are all expecting one, and its not occuring ..... mmmm
Expect the unexpected .... as usual
The good news regarding current price levels ? Uptrend is intact.
PS : With all that piracy going on (see the latest news here), expect shipping cost to increase, as well as insurance cost. Guess who sells shipping insurance ? (Starts with an L)

Apple Inc. (AAPL) trading plan

Quick update for Apple Inc. (AAPL) 's chart analysis ;
1) As mentioned a few days ago, the "light green scenario" is taking place
2) Probable "gap" closing
3) Gap level = support channel
4) Expected scenario ; a bounce up above that support channel
5) See that "warning level" ? Pay attention to it (bearish reversal level)
Gut feeling ? Uptrend intact ; typical case of buy the rumor, sell the news ....
Now we need some improved fundamental news (US economy) to send the market higher.

How to fool new bloggers

How to fool NEW bloggers ;
Its a shame seing all those web sites (not wishing to name any) that keep on selling their books, videos, seminars trying to convince new bloggers how to make a fortune .....
Its always the same BS, just twisted with other words .....
Content is king bla bla bla ....
Get followers, comment on other blogs, bla, bla, bla ....
Write a blog, then write a book, push your book on your blog, use Tweeter to write and promote your blog, get an Amazon rank, then get a Facebook fan club , bla bla bla .....

What should new bloggers do ?
1) Write a blog if you "LOVE TO SHARE"
2) Have a real job, and KEEP IT !
3) Use social media (your friends, via Facebook) to share your passion
4) Let them share your passion with their friends

CAC 40 France index chart analysis

CAC 40 France index chart analysis ;
1) Typical channel pattern
2) Price reaction at the end of Aug confirms importance of current support level (3650- 3700).
3) A break below 3650 could signal a bearish reversal.
4) A break below 3550 will bring back all the shorts ..... (Bears).

Could Infobel.com be the next Alibaba.com ?

Looking at Infobel.com 's business model ;
You can find out more about Infobel here.
Why am I looking at them ? As a user, in Europe its quite easy to find real stats about a "real company" (meaning a company that really exist).
With Alibaba.com , you often have lots of people out there pretending to have a legitimate company (Alibaba is addressing the problem) ; but the constant scams make it hard to find reliable sources.
Infobel "owns" the business data you tend to search in Google.
Its about time they convert themselves into a European Alibaba.
Will keep you informed when they decide to list an IPO :)

BSE India Bombay Sensex 30 Index

India Bombay BSE Sensex 30 index chart analysis ;
1) Settings used ; 50 & 200 days exp MA
2) Current price stands @ 16,353
3) Focus on that support channel
PS ; a break below 15,500 could cause some "damage"

SP 500, overbought or oversold ?

Quick look at the SP 500 chart ;
1) The obvious question right now is are we oversold/overbought ?
2) What technical tools can be used to find out if we are ?
3) Credit Suisse wrote a great article on "Does Technical Analysis Work ?" (regarding overbought/oversold signals.
What do I consider important ?
1) ABC patterns (combined with fundamental news)
2) Moving averages
3) Spread between price and their moving averages
Ok, back to the chart ; focusing on price reaction vis à vis its 50 days exp moving average.

US Dollar index chart analysis

Quick update for the US Dollar index ;
1) Bullish reversal confirmed by Gold's price reversal (see past posts)
2) Facing resistance ; focus on trigger 1
3) Trigger 2 should confirm that Gold is falling to the 1020 levels
Warning ; a quick reminder, Gold is still in a major uptrend.
Gut feeling ? The Dollar is probably the most undervalued asset out there.
If you do not feel like buying the $USD Dollar, then head to Florida, start buying some properties.
Opportunity of a lifetime. You will not get that chance again.

Radioshack Corp. (RSH), case study

Quick case study for Radioshack Corp. (RSH) ;
1) Weekly chart with clear long term resistance channel. Why is this channel important ? Others are looking at it and are probably ready to sell at those levels.
2) Stock is up 14% today (huge volume) on good news ..... ??? !!!
3) Now here comes the key problem ; "Profit slumps 24%, margins improve".
4) Their CFO says "Our financial performance improved in the latter part of the quarter, primarily driven by our strong mobility business combined with an economy showing some signs of potential stabilization". Source Marketwatch

Trading plan ;
1) Do not beleive the hype .......... yet
2) Allow investors to digest the news
3) Do not chase RSH
4) Allow a CLEAR pull back, allow more improved news (if we get any), buy the eventual break out above August 08 high

10 Year treasury note yield

Focus on the 10 year treasury note yield next week ;
1) Typical ABC pattern
2) "C" not yet activated
3) Pay attention to the "resistance channel"

Listen to Sergey Brin of Google Inc. (GOOG) at the Web 2.0 Summit 09

Will Shangai help the SP 500 go above 1200 ?

Weekly chart of the Shangai Stock Exchange ;
1) Typical ABC pattern
2) "A" stands @ 3500
3) "B" stands @ 2750 (with a higher lows confirmed)
4) "C", our main trigger is a close above "A"
5) Stop loss for Shangai is 3000
Conclusion ? The SP 500 could zoom up above 1200 (above its important 200 weeks exp MA).

HJ Heinz Co (HNZ)

HJ Heinz Co (HNZ) analysis ;
Return on Equity : 49.77%
Market Cap : 12.7B , Revenue : 10 B
PE : 14
Yield : 4% !
Back to the chart (weekly)
Probable scenario ; see that green arrow ? Its my trading plan for Heinz.
High ROE, great yield, potential ABC set up and you have a safe winner :)

End of Google Inc. (GOOG) ? Good article

1) Collecting data is less valuable than connecting people
2) We’re shifting from the first phase of the Internet, which was dominated by “information services” These are companies like Google and Yahoo. Next up to dominate the web will be the “network services” (Facebook and Twitter)
Read the article on Techcrunch

Gold and the US Dollar index

Weekly chart analysis of the $USD Dollar index ;
1) Pay close attention to that "key support" (yellow channel)
2) Higher lows still intact ....
What would trigger that green scenario ?
A) Gold prices first dipping below 1040
B) Then Gold breaking below 1020
Probability of this scenario ; low to medium
What is really influencing Gold ? Some are quite contradictory (read the article)
Some say that the Elliot Wave is warning about a Gold crash .....
The Gold Speculator offers a great document (go to published articles).

General Electric Co. (GE) and the ABC pattern

Quick case study of General Electric Co. (GE)
1) Notice how our "C" trigger in mid Sept is acting as our current "B" level ?
2) Pay attention to the "re entry level" (see chart)
To understand the ABC pattern

BSE India Bombay Sensex 30 Index

BSE India Bombay Sensex 30 Index chart analysis ;
1) Current close stands @ 16,789
2) Stop loss stands @ 16,500
3) Last stop loss level stands @ 16,000
Long term uptrend is intact ; probable channel pattern about to take shape.

SP 500 chart analysis

Quick update for the SP 500 ;
1) Pay attention to that "support channel"
2) Common sense tells me we are about to form a sideway pattern (low @ above 1060, high around 1100)

Apple Inc. (AAPL), buy the rumor, sell the news ?

Apple Inc. (AAPL) chart analysis ;
1) Last price/volume action confirms a potential reversal ?
2) Buy the rumor, sell the news ? Volume action could confirm that theory.
3) Green arrow ? Most probable scenario
Long term bullish on Apple, allow investors to fully digest the latest fundamental news.

Ford Motor Co. (F) and the ABC pattern

Ford Motor Co. (F) chart analysis ;
1) ABC pattern was quite clear from May to August
2) We now need more "improved news" and volume action to complete the pattern.

PowerShares DB US Dollar Index Bullish (UUP)

$USD Dollar index analysis using the Powershares Bullish index (UUP) ;
1) See that volume ? Capitulation or building positions ?
2) Focus on that buy trigger level ; right above $22.50

I am suprised that European companies are NOT using their cash to buy US based companies.
What a bargain.

Currency Shares Australian Dollar Trust(FXA)

Australian Dollar chart analysis using the currency ETF (FXA)
1) Uptrend way too steep
2) Seen green arrow for probable scenario
3) $USD Dollar index is "way" oversold"

Brazil Ishares (EWZ) warning signal ?

Brazil Ishares (EWZ) chart analysis ;
1) Possible parabolic rise
2) Pay attention to that volume action (warning)
3) Last stop loss @ $70

Busy figuring out Tracked.com

www.tracked.com

What are Institutional Investments?

Although it is interesting to see how much stock individual people, especially insiders, own in a particular company, their ownership is small potatoes compared to that of institutional owners.

An institutional owner is any large entity, like a retirement fund (CalPERS), a bank (JP Morgan Chase), or an investment management firm (Blackrock), that wields control over stock. When these companies manage over $100 million, they are required to file a form, called a 13F, with the SEC every quarter, detailing their investments. Sometimes, even wealthy individuals like Carl C. Icahn file 13Fs due to the size of their portfolios.

Understanding how much stock an institutional investor holds in a company is a good indicator of how much influence that investor has over the company's actions. Furthermore, by tracking the investing strategies of institutional investors, you can get a sense of what direction they think the market is heading.

Caterpillar Inc. (CAT) trading plan

Caterpillar Inc. (CAT) trading plan
1) Buy
2) Focus on those stop losses
Moving averages used = 50 and 200 exp

United States natural gas fund ETF (UNG)

United States natural gas fund ETF (UNG) chart analysis ;
1) Volume action confirms "B" (see ABC pattern)
2) "C" is a huge buy trigger level, and a channel break out

Pfizer Inc (PFE) buy signal activated

Pfizer Inc (PFE) "weekly" chart analysis ;
1) Price/volume/chart pattern confirms a buy signal
2) Pay attention to the stop loss level

Light crude oil probable scenario

Light crude oil chart analysis ;
1) See that green arrow ? Trading plan based on that probable scenario
2) Prise spiking up first (probably above $81)
3) Reversal down to $76 to form a channel, probably caused by a $USD Dollar reversal (way oversold).

Nokia Corp. (NOK) failed ABC pattern ?

Weekly chart analysis for Nokia Corp (NOK) ;
1) Failed ABC pattern ? Not so fast, current price is still in a higher low.
2) $12 is now our LAST support level, a break below could cause some serious damage.
3) If we manage to close the month above $14, I'll start to buy a few shares.
Gut feeling ? Nokia seems to have lost "the touch".
They are smart. Give them a chance, and , as usual, expect the unexpected :)

Apple Inc. (AAPL) probable scenario

Probable scenario for Apple Inc. (AAPL) ;
1) Focus on that warning level channel
2) Pay attention to the "last stop" ; a break below the "gap" and the 50 days exp MA.
3) Green arrow = high probable scenario
PS : start to look at Nokia Corp. (NOK) ; possible value play ?

Thailand Set index chart analysis

You probably did notice the "heavy selloff" in the Thailand Set index (SETI) last week.
Rumors about the King's health
I grew up in emerging countries ; of course, African nations cannot be compared with Thailand, but one thing is quite clear about who rules the country ; the military.
1) As usual, Thailand will start to blame foreigners for all their problems.
2) Expect the military to "take over" (for a while, until they find someone they consider an ally).
3) Expect another "major" selloff ; bad news and rumors are always followed by more rumors.
4) See that "warning level", a break below could cause a serious crash ....
5) We did see a bounce up on the 50 days exp moving average (King's health is improving ?)
Gut feeling ; never trust news stories coming from a country where the press has not right to comment about its ruler. Tourism, exports are down in Thailand. Main worry ? Who is now in charge ? Laws change all the time. Stay out until the smoke clears up.
The only good news ? Thailand's Baht has not suffered that much .....

SP 500 chart probable scenario

See that "high probability" scenario in green ?
Its on my trading plan right now.
I do NOT buy the fact that we are fully out of this mess ...... yet .....
See that "weekly" uptrend (from early 09) ? Way, way too steep
A slight snap could cause a huge fall

Testing a new theory using Marketocracy

Testing a new theory with Marketocracy
My fund can be viewed here "Alpha Global"

Testing a full value/oversold condition mixed with high relative strengh

Conseco inc. (CNO) update

Looking back at the case study of Conseco inc. (CNO) written several weeks ago.
That is why I really like the ABC pattern :)
Mixing fundamentals with price technicals and "news events" make good sense :)

United States Oil Fund ETF (USO)

United States Oil Fund ETF (USO) chart "weekly" analysis ;
1) A is pretty clear (See ABC pattern explanations on your right)
2) B is confirmed ; higher lows pattern
3) C is our main trigger ; right above $40

Soon heading to Barcelona (Spain) :)

Market opinion from Marseille

Gold ; raise stop from 1020 to 1030
Light crude oil ; watch the $74 levels ! (break out on the way or another fake move ?)
Dollar index ; pattern still improving, trying to form a channel
Euro Dollar ; 1.4800 is our "trigger level" (a break out above could send it spiking up)
Reversal is right below 1.4750
SP 500 index ; Pattern looks now "better than the Nasdaq" ; raise stop to 1060.
RIFIN (FAS) ; the Russel 1000 Financial index is giving us a trigger right above 810 ; a break out above will send FAS zooming higher. Reversal (stop) @ 790.

Conclusion ..... everything points towards a huge oil, gold, & euro (versus the $) break out.
As usual, expect the unexpected .....
Ok, having a meeting in a café in about 10 minutes, nice sunny day (a little colder).

In the South of France

Hello from Marseille :)
Will be visiting several people in the South of France.
Arrived yesterday to enjoy a nice sunny day :)
Yes, got a sun tan :)
Heading to Montpellier right now.

And the real winner is Australia ?

Currency shares Australian Dollar (FXA), and the Australia All Ords Comp.
Forget oil , Australia holds the world's largest known economic resources of bauxite, iron ore, lead, zinc, silver, uranium, industrial diamonds and mineral sands !!!
Australia is the world's 6th largest black coal producer and is one of the largest exporters of coking and steaming coal.
China's main commodity supplier ?
Strengh of the Australian Dollar, and the fact that the AORD index has a "C" trigger activated (ABC pattern), should incite you to consider Australia as a must own in your portfolio

Baltic Dry Index and the US Dollar index

Chart compares the BDI (Baltic Dry Index) versus the $USD Dollar index.
The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain".
Notice the "almost perfect relationship " !!!!!

Market Vectors Russia ETF (RSX)

Market Vectors Russia ETF (RSX) ;
1) ABC pattern fully activated
2) Price target ? $32.5
How do I calculate that simple target ?
A = 25
B = 17.5
A minus B = 7.5
Add 7.5 to "C" (the trigger) and you get 32.5
It sounds simple, but this little trick has worked well for me. (I am not into fancy formulas and complex Fibonacci retracements .... worked for years with Hedge Funds using Mathematicians with PHDs that never made a dime .....)
Keep it simple, use common sense
PS : what could lead RSX down again ? (Below 27.5 ?) Crude oil going below $70

Gold chart update

Quick Gold chart analysis ;
1) Focus on that "Yellow" channel (right above the clean break out @ 1020
2) Start of a Parabolic rise ?
3) Focus on past price patterns (fast rise, followed by sudden reversals).
Reversal probability ? Medium to High
Channel pattern probability ? Very High

US Dollar index chart analysis

US Dollar index chart update ;
1) Focus on the Candle Pattern (spike down, followed by bullish reversal).
2) Pay attention to the Bullish/Short trigger levels.
Gut feeling ? We are WAY oversold and Gold is now WAY overbought .....

Powershares DB US Dollar index Bullish (UUP) ; Huge volume right above $22.50 (Price/Volume) action occured also at the end of Sept.
Double bottom ? To early to tell ....

Light Crude Oil chart analysis

Light Crude Oil Chart analysis ;
1) Once again, we tested the yellow resistance level
2) Notice the "multiple fake moves"
3) Pay attention to the "warning levels" (reversal)
What will send crude prices above $74 ? Some real big "bullish" fundamental news coming out of China.

Stocks with ABC pattern activated

"C" trigger fully activated
What is the ABC pattern ?

American Eagle Outfitters, Inc. (AEO)

Teck Resources Limited (TCK)

Market Vectors Russia ETF (RSX)

Abercrombie & Fitch Co. (ANF)

Focusing on Copper

Quick look at Copper Futures ;
1) Weekly prices
2) Often acts as a leading indicator (for the SP 500 index)
3) Buy trigger is right above the 280 levels
4) Bearish reversal is right below the 260 levels
5) Chart patterns means ; watch out, a BIG move is about to take place !

Gold, The Dollar index, and the Euro

$USD Dollar index is "spiking" down right now !
Candle pattern (long spike down) could warn us of a bullish reversal if the Dollar index manages to 76.50 !
Gold ; Dollar spiking down sent it again higher. Trading @ 1057 right now. Main stop loss is your "clean break out level @ 1020. What will Gold do next ? I urge you to watch its recent price patterns that occured in mid Feb, and at the end of May. What am I expecting ? Probably another move up, followed by a "sudden" hard reversal.
The Euro ; Well, versus the Dollar we can see the clear resistance @ 1.4850.
Gut feeling ? The Euro has lost momentum ..... (see Euro - Yen)

Harvesting mechanical energy in roadways ?

I often like to search for new technologies related to "green energy"
I found this ;
Innowattech has developed a new alternative energy system that harvests mechanical energy imparted to roadways, railways and runways from passing vehicles, trains and pedestrian traffic
and converts it into green electricity.
The system, based on a new breed of piezoelectric generators, harvests energy that ordinarily goes to waste and can be installed without changing the habitat.
Unique abilities to harvest energy from weight, motion, vibration and temperature changes.
Railways : system can be used for both underground and over ground rail systems.
It is applicable to systems with concrete, steel or wooden ties.
www.innowattech.co.il/index.aspx

No, its not listed .......
Main problem I see is this ;
How long is the investment turnaround?
6-12 years, depending on the volume of traffic on the site.
That's the hard part ; convincing local govt officials ......

Case study, Wyndham Worldwide Corporation (WYN)

Case study with Wyndham Worldwide Corporation (WYN)
Follow the numbers on the chart.
Settings ; 5,50, 200 exp Moving averages
1) Speculative buy (5 is right above the 50 exp MA) ; why speculative ? Price is below its 200 exp MA.
2) 5 gets above the 200 exp MA ( long term buy signal)
3) Price finds a resistance (our typical "A" level in the ABC pattern)
4) Price tests its 200 days exp MA
5) Clean break out (typical "C" trigger in the ABC pattern)
6) Price is stuck in a tight range, tests its 50 days exp MA ; price is "ready to break out".
7) Clean break out !!
PS : Use $16.5 as your stop loss.

US Dollar index update

Quick update for the $USD Dollar index ;
1) Fact : still in a higher lows pattern ..... for how long ?
2) Euro (versus the Dollar) is not following Gold's break out !!
3) Oil as well is not moving higher ....
Was that Gold move a fake break out ???
Rule number 1 : Always expect the unexpected !
Focus on those new buy triggers on the $USD Dollar index.
A break below the Sept low would confirm Gold's break out

ABC pattern stock candidates

By candidates I mean "almost" ready to activate the "C" trigger
MGM MIRAGE ( MGM ) ; right above $14
Alcoa Inc ( AA ) ; right above $15 (I mentioned Alcoa several months ago as a value play).
YAMANA GOLD INC ( AUY ) ; very close to a full buy trigger (watch gold prices)
Hecla Mining ( HL ) ; almost activated, I also like the GVN condition (Gap, Volume & News). Buy Hecla and go away ?
ALCATEL LUCENT ( ALU ) ; wow, back from the dead (almost) ; great uptrend, use 4.2$ as your stop or allow it to close above $4.6 first.
Gold Fields Ltd Sp Adr ( GFI ) ; time to buy, use $14 as your stop.
Anadarko Petroleum ( APC ) ; buy ! use $62 as your stop loss.

Coeur D'Alene Mines ( CDE ) ; perfect ABC pattern, and add to that a perfect GVN condition (Gap, Volume & great News)

Gold ABC pattern activated

Gold chart analysis ;
ABC pattern "fully activated"
Trigger "C" is right above "A"
For the ABC pattern explanation see the right hand side of the blog.
"C" is now also our stop loss level
Price target ? Have you heard about the "pendulum effect" ? It would give us a price target of 1300 !!!
A minus B ; then add that to C
How reliable is the pendulum effect ? It does not always work .....
Bottom line ? Break out is quite clear ; go long (or stay long)
PS : focus on that stop loss level

Problem with Blogger yesterday.Google inc (GOOG) never tells you why

Thank you to all the people that sent me an email warning me that my blog was "gone".
It even said that the blog was "removed" .
What happened ? I really have no idea .
What can you do about it ? Not much, Google does not seem to care about bloggers.
You are supposed to go on a forum, and wait for someone to answer you.
Was surprised to notice that many people did face the same problem.

Maybe by blogging some comments about Google they will decide to eventually tell me "what happened".
After blogging for years (close to 4000 articles), its a pretty scary thing.
Advertisers love well known blogs ; they use them (via Google) to target specific clients.
I blog (write posts), meaning I create FREE content for Google that allows them to sell ads.
Do I make money with those ads you see ? Peanuts ..... (really)

Its a wake up call for me ; finding an alternative solution was on my mind last night.
I'll keep you informed

Light crude oil and Dollar index update

Light Crude Oil and $USD Dollar index update using "weekly charts" ;
First, the facts ;
Crude oil is "still" in an uptrend ; resting into a channel pattern, and ready for a MAJOR break out. (see trigger levels).
$USD Dollar index is "still" in a downtrend. Oversold ? Maybe ....
Focus on those triggers (see dollar index chart)

Gut feeling ; a reversal in crude oil prices could confirm that China (see past Shangai index) is "really" slowing down .. Meaning ? The $USD could serve as a refuge.
Consumers are buying LESS !!!!
Wether the goods are "made in China" or not, consumers are buying less ......
A strong Yen is "really" hurting Japanese exports (while consumers are buying less Japanese products) ..... same goes for the Euro ....