Twilight Landing At LAX (Cockpit View)

Amazing video (at night) landing a plane at LAX (Los Angeles)

Intel Corporation (INTC) chart analysis

Intel Corporation (INTC) chart analysis ;
1) Confirmed lower highs
2) Price heading to that key support level ?
3) Today's news did NOT create a GVN condition (Gap, huge Volume and high impact News)
4) Bad news priced in ? Probably
5) Allow a few days to see how price reacts around that key support level
6) Do NOT short !

Revolution 101, Just give them Twitter and Facebook

Revolution 101 ; Just give them the right web tools, Twitter and Facebook

#Egypt, #Yemen, #Algeria, #Syria, #Iran

Gold not a safe heaven anymore ?

Gold daily prices chart analysis ;
1) You know me, hate those parabolic patterns ; End result is never pretty.
2) Recent spike down (see long candle) is actually an important trigger (mentioned it a few days ago on the GLD chart)
3) A close below that level will cause some damage ....
Gut feeling ; Events in Egypt (and the rest of the Middle East) did not cause a spike up in Gold ; What does that tell you ?

US Dollar index chart analysis

Forex ; $USD Dollar Index chart analysis
1) Resistance channel is clear, focus on that "reversal trigger candle"
2) Dollar facing a short term support, will it hold ?
3) Pay attention to that "short trigger"
Gut feeling ; Was that short term bounce up caused by a "flight to safety" (Middle East trouble ?). Panic should have caused Gold prices to rise ? (Oil did).

Free isn't free

"The cost of reading the New York Times for free is being tracked. The cost of being on Facebook is being data-mined"
Cartoon inspired by this article on CNN
Yep, me again playing around with my Ipad using Skechbook Pro :)

Amazon.com, Inc. (AMZN) bear trigger ?

Amazon.com, Inc. (AMZN) chart analysis ;
1) Pay attention to that Gap, Volume (huge) and high impact News !
2) Re entry trigger is clear ; I doubt we visit that level soon ....
3) Bearish trigger is also quite clear

Bearish patterns to watch

The following stocks are facing a bearish GVN condition ;
(Gap, huge increase in Volume, and high impact News)
1)Monster Worldwide Inc Com ( MWW ) ; Closed an early gap (from early Nov).
2) Glaxosmithkline Plc ( GSK )
3) Tata Motors Ltd ( TTM ) ; Bearish pattern seen in most Indian stocks.
4) Wisdomtree Trust India ( EPI ).
5) Turkcell ( TKC ) ; Turkey's main cell phone giant.
6) Ishares Inc MSCI Turkey FD ( TUR ) ; Egypt spill over ?
7) Cnooc Ltd Ads ( CEO )
8) Ishares South Africa ( EZA )
9) Thoratec Corporation ( THOR ) ; Deadly pattern, multiple gaps !!
10) Digital River ( DRIV )
Pay attention to these stocks next week
Again ....... What's wrong with India ???

Market Vectors Egypt Index ETF (EGPT)

Market Vectors Egypt Index ETF (EGPT) chart analysis ;
1) Clear market break down, multiple gaps with huge volume increase
2) Current situation could send that index much much lower ....
3) Most funds holding Egypt will try to get out on Monday
4) Will they close the market ? High possibility
5) How cheap is Egypt right now ? Well, if you just look at Orascom Holdings and Telecoms, you are probably facing the two most undervalued companies.
Gut feeling ? They will close the market for a few days ; Then, wait for a sudden drop

How to film the Earth from space for 400 Euros

They filmed the earth from space for 400 Euros !

Market Vectors Agribusiness ETF (MOO)

Market Vectors Agribusiness ETF (MOO) ;
Chart in a clear uptrend, also facing a probable pull back (overbought)
Food prices are rising around the world.
Main key support level stands @ 52 to 53 levels
Got lots of MOO on my mind right now since the next step regarding Morocco is to bring cows there from Holland :)
PS : Drawing that cartoon on an Ipad using Sketchbook Pro

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

iPath SP 500 VIX Short-Term Futures ETN (VXX) chart updated
1) Was that volume increase (see recent activity) a warning call ?
2) Buy trigger is quite clear
3) Fear is back ? Nope, market was just overbought
4) Expecting another spike up, followed by a fake move

Various stocks analysis

1) Ford Motor Co ( F ) ; Recent price/volume action does NOT trigger a "short". Ford was clearly overbought, and will probably enter a wide price channel.
2) Ishares Inc MSCI Emerging Market ( EEM ) ; Recent price/volume action confirms what I said several weeks ago, the big money is flowing back to US big caps !
3) United States Oil ( USO ) ; Did you buy ? Price/volume action was quite good, now use Thursday's low as your stop.
4) CEMEX SAB de CV ( CX ) ; Price/volume action, real bearish reversal a warning sign for the construction sector ?

SPDR Gold Trust ETF (GLD) chart update

SPDR Gold Trust ETF (GLD) chart update ;
1) Read the recent article I posted about a possible "oversold" condition in Gold
2) Now, the good news ! We have our "short trigger level" !
3) Re entry is quite clear
4) $USD Dollar index and Gold rising at the same time .... mmm

Citigroup Inc. (C) chart analysis

Citigroup Inc. (C) chart analysis ;
Quick update ; We are right on the key re entry level
Why "re entry" ; I am expecting that light green arrow pattern, hoping to buy on the dip at those price levels.
Focus also on that extreme buy on the dip
When Citi gets back above that "re entry level", it will fly up again

SP 500 Index chart analysis

SP 500 chart analysis ;
First, the blame game ; Pull back was cause by the riots in Egypt .... Oil prices spiking up due to unrest in the Middle East (Jordanians are also marching in the street).
How about ; Hey ! The market was overbought ?
Follow those numbers on the chart to understand my views ;
1) Price reversal did NOT go below that very recent low (We can now call it our warning level).
2) The price level 1260 is an important support ; See recent price activity on that level.
3) Level confirms support level from its 50 days SMA (some may say that price was too far from its key moving average) ; that simple MA often acts as a magnet.
4) The level 1220 (see price activity and pattern on that level) is our real bearish reversal.
Bottom line ; As mentioned several times before, a pull back was expected, allowing us to focus on recent winners (technical and fundamentals) and giving us a chance to buy on the dip.
PS : We are in a bull market, let's not forget that simple fact

Citigroup Inc. (C) trading plan

Citigroup Inc. (C) chart analysis ;
1) Quick fact, you know that I often write about financials being the "sector" to own this year. Basically I will keep on repeating myself, just so that you understand how to trade a bullish stock/sector based on buy on the dip patterns.
2) See where I mention on the chart that "I do not like those patterns" ; Parabolic rises ! Nope, they always end up snapping ! Expecting an up the stairs pattern for Citi. Do not be surprised to see wild move in Citi this year, it will probably act as an Internet stock (in their early years).
3) I drew up those key levels so that you understand my entry points
4) Do NOT trade on intuition !!!!
5) Draw up a trading plan, print it, stick it on your wall
6) Respect your plan

Bank of America Corporation (BAC) trading plan

Bank of America Corporation (BAC) chart analysis ;
1) Focus on that key support level
2) Notice also that the recent gap was "closed"
3) Light green rectangle (multiple buy entry levels)
4) Green arrow = Expected scenario
Bottom line ; Hoping for a spike down so I get buy it at a better price :)

Apple Inc. (AAPL) chart analysis

Apple Inc. (AAPL) chart analysis ;
1) Yes, buy on the dip did work.
2) Focus still on that broken trend, and the volume warning.
3) One big question should be on your mind ; Was the good news priced in ?
4) Focus on that "warning level" (in blue) ; A close below 340 will confirm a lower high pattern.
5) Sell trigger is clear.
Gut feeling ; The recent price/volume action was strong enough to send us a "warning signal".
No, its not your typical up trend ..... It will start to be more volatile .....
Apple Inc. (AAPL) probably needs a long stable channel pattern.
I would hate to see a sudden parabolic rise ; They always end up crashing.
Fundamentals seem to follow its price action ; Meaning ? Expect an up the stairs pattern with long wide channels

Stocks with a bearish GVN condition

Xerox Corp ( XRX ) ; Would NOT short it.
Eastman Kodak ( EK ) ; Testing last year's Sept lows (last support)
Market Vectors Egypt Index ETF ( EGPT ) ; Egypt facing daily riots. Fundamentals are still ok, but the recent events in Tunisia make investors quite nervous about holding that country. Local economy is actually booming ; So get ready for an eventual bullish reversal.
RF Micro Devices ( RFMD ) ; Would NOT short it, was way overbought
Mips Technologies Inc Cl A ( MIPS ) ; Do NOT short, expecting a channel pattern.

Tesla Motors Inc (TSLA) moment of truth

Tesla Motors Inc (TSLA) chart analysis ;
1) Parabolic rise was followed by lower highs pattern (Bearish)
2) GVN condition ; Gap, huge Volume, and high impact News followed (bearish)
3) Price did bounce up on a "key support level" ; for how long ?
4) Two trigger levels are quite clear ; Trade the direction of the break out only !

Try this in your local bank

Spanish anti-capitalist activists Flo6x8 staged this epic flamenco/rumba flashmob at a branch of Santander. Their excellent dance was too much for the bystanders, and soon 30 of the bank's customers were dancing along.

YRC Worldwide Inc. (YRCW)

YRC Worldwide Inc. (YRCW) chart analysis ;
We have a great combo here, first initial buy trigger was caused by a GVN condition.
It did give us our "A" level (ABC pattern)
We now have a full ABC pattern buy trigger
ABC, GVN ??? Look at the right hand side of the blog for more details

Is the SPDR Gold Trust ETF (GLD) oversold ?

SPDR Gold Trust ETF (GLD) chart analysis ;
1) We need to bounce up or face a clear "short trigger"
2) Volume is increasing
3) Re entry (bullish) is quite clear ; Right above the 132 level
4) Yesterday's candle could been seen as "hope" .....
5) Key question ; Are we oversold ??? We shall soon find out ....
6) The $USD seems oversold as well, mmmm, major disconnect ? ($USD/Gold)

RadioShack Corporation (RSH) case study using the GVN condition

RadioShack Corporation (RSH) chart analysis ;
1) I often refer to the GVN condition (See the explanation on the right hand side of the blog, next to the ABC pattern and my trading rules).
2) First GVN condition (Gap, Volume, News) took place at the end of Oct. Notice the Gap, long bearish candle, huge Volume increase, and the high impact "News".
3) Ahaaa ! We now have a new way of trading the markets ! News trading ! Its an art if you know how to read the fine lines ; A quick sample ; Goldman Sachs Group (GS) did stick to its buy rating, but said that "Visibility is admittedly murky".
4) Murky ??? You mean no visibility ??? You see, you cannot trust those BS Bankers, so you need to rely on one key fact ; Price/Volume action. The verdict is get out NOW !
5) After the first GVN condition, price did slide below its key support level (Not rising with the rest of the market should have been a warning sign for you).
6) Then ? We faced another GVN condition .....
7) Now what ? Time to buy (since its oversold) No way ! Time to short ? No way ! Its cheap, is it a value play ? No way ! Could it drop another 50% ? Probably .......

Case study, salesforce.com, inc. (CRM)

Case study for salesforce.com, inc. (CRM) ; Follow the "numbers" on the chart.
1) Key resistance channel, now acting as a key support
2) GVN (Gap, Volume, and News), very bullish combo
3) Level gives us a highest high ; Also known as "A" in the ABC pattern
4) Fake move, also confirms a lower high
5) Price right above the "key support channel" ; Will it hold ?
6) Perfect re entry level (if price breaks above that level)
Gut feelings ; The initial GVN condition ; Gap up on huge Volume and bullish News, confirms the big picture pattern ; Quite bullish on CRM, expecting a channel pattern for a few weeks, then another fast price rise above $145

Thailand Set Index, expecting trouble ?

Thailand Set Index chart analysis ;
1) Clear broken uptrend
2) Resistance channel was quite clear
3) Key support level is BROKEN
4) Recent political news "confirms" chart pattern
5) You can trade the Thai Index via the iShares MSCI Thailand Index Fund (THD).

Buy and Hold portfolio

I am oftened asked what stocks would I buy and hold for at least 12 months.
Building a portfolio seems so complicated .... It is .... :)
Buy quality at a "DECENT" price and hold. Yeah, what is a decent price ???
Ok, then focus on "well managed" companies ..... Like Citi ? (Ok, but its cheap)
How about mixing chart patterns ??? It helps, but not always ....
Mix cheap, well managed and GLOBAL leaders !! Ahaah ! Voilà my top 10 ;
General Electric ( GE )
Pfizer, Inc ( PFE )
Alcoa Inc ( AA )
Citigroup Inc ( C )
Bank Of America Corp ( BAC )
Exxon Mobil Corp ( XOM )
Caterpillar Inc ( CAT )
Chevron Corp( CVX )
International Business Machines ( IBM )
Oracle Corp ( ORCL )

What is Nokia Corporation (NOK) telling us ?

Nokia Corporation ADR (NOK) weekly chart analysis ; A case study.
1) Let's follow those numbers on the chart so that you fully understand my views.
2) The number "1" reflects a lower highs pattern, bearish (After that major downtrend, Nokia kept on getting bad news)
3) Number "2" reflects a "coup de grace" (Price/Volume) action, sending Nokia into a huge bearish reversal (confirmed by breaking that key support)
4) Number "3" ; Ahaaaa !!! We did not break the March 09 lows !!!! Au contraire !! We managed to form higher lows .....
That message is clear ; I am trying to "come back", I probably fixed my mess, pay attention to that "key trigger", and let's watch price/volume action right above it ....
PS : How about some major news event from Nokia ?

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

iPath S&P 500 VIX Short-Term Futures ETN (VXX) chart analysis ;
1) Pay attention to that huge volume increase !
2) Next, focus on that warning level (a break above would cause the SP 500 to fall)
3) Clear buy trigger is right above $36
Conclusion ; "Into earnings season with the bar set pretty high"
PS : SP 500 is in an uptrend ; So let's not jump to conclusions yet on VXX

Bank of America Corporation (BAC) trading plan

Bank of America Corporation (BAC) chart analysis ;
1) Main focus now is "buy on the dip"
2) Gap level is our key support price channel
3) Focus on that key candle that played a major role in showing us the real key support.
4) Safe re entry stands right above $14.75
5) 15.25 is a full buy trigger
6) BAC could now be oversold

iShares MSCI Emerging Markets Indx ETF (EEM)

iShares MSCI Emerging Markets Indx ETF (EEM) chart analysis ;
1) Key resistance level is clear
2) Price sitting on its 50 days SMA ; Warning trigger is @ 46
3) If support @ $46 is broken, see price target ; 200 days SMA
4) Are Emerging markets oversold ? Medium to high possibility
5) Expecting wild swings within a "channel pattern"
6) Most key indicators are still BULLISH on emerging markets

Stock du jour, General Electric Company (GE)

General Electric Company (GE) chart analysis ;
1) We have what I often refer to a "GVN" condition ; Gap, Volume News
2) Keep it simple ; Price/Volume action tells you all you need to know !
3) News (key news) confirms the price/volume action
4) Gaps : They often help you spot a key support (the low of today's candle)
5) A GVN condition sends you a clear message ; Buy me .....
Gut feeling ; Wait 1 to 2 days for price action to cool down, then build positions

Silver (SLV) and Gold (GLD) short trigger ?

iShares Silver Trust ETF (SLV) chart analysis ;
1) Clear broken uptrend
2) The mid Nov spike and reversal shows the importance of that ex resistance, recent support level.
3) Next move is a channel pattern ? Or was that price/volume action a short trigger ?
4) If you decided to go short, focus on that stop loss.
Gut feeling : Not shorting yet ..... Need to see a huge volume break out
SPDR Gold Trust ETF (GLD) ; Similar pattern, with a short trigger probably around 130

SP 500 chart analysis

SP 500 chart analysis ;
1) Candle reversal (see circled candle on the chart) was actually a bullish move.
2) We now have a clear support, re entry and short trigger
3) Not expecting to see a sudden price rise, rather a channel pattern

Shanghai SSE Composite Index

Shanghai SSE Composite Index weekly chart analysis ;
1) Current level right now is : Down 2.89% @ 2678
2) We are sitting on a major support level "ex major buy trigger" (see chart).
3) Patterns ? Lower highs versus an ABC pattern ?
4) Key question : Will "B" (key support) hold ???
5) Focus on the re entry levels

International Business Machines Corp. (IBM) probable scenario

International Business Machines Corp. (IBM) chart analysis ;
1) Been mentioning the bullish pattern in IBM on this blog for a while
2) Now, typical buy the rumor, sell the news ??
3) You know me, I hate parabolic moves .....
4) We have a typical GVN condition (Gap, Volume and News)
5) Light green arrow is the next "highly probable move"
6) If you decide to own tech stocks, IBM should be in your portfolio
7) Wait for a clear pull back (back to the low of the Gap level

Direxion Daily Financial Bull 3X Shares (FAS)

Direxion Daily Financial Bull 3X Shares (FAS) chart analysis ;
1) Focusing on that key support level
2) Re entry price level is clear
3) Warning ; highly volatile, so expect a spike down .... (long candle, bullish reversal)

Bank Of America Corp ( BAC ), probable scenario

Bank Of America Corp ( BAC ) chart analysis ;
1) Uptrend was too steep
2) Gap level = Key support level
3) See those two arrows ? (light green and light blue) , highly probable scenario
4) Bottom line = Get ready for a major buy on the dip !

DryShips Inc. (DRYS)

DryShips Inc. (DRYS) chart analysis ;
1) Are we facing an ABC pattern in DRYS ? We shall soon find out.
2) "B" is our clear support level
3) Focus on the rentry trigger level
4) Shanghai Index was probably the "cause" for the pull back

Yahoo Inc. (YHOO) channel pattern

Yahoo! Inc. (YHOO) chart analysis ;
1) Clear channel pattern
2) Price reversal yesterday means "do not enter"
3) First buy trigger stands above $16.75
4) Clear full buy trigger is right above $17.25 (on higher volume)

Stock du jour, Apple Inc. (AAPL)

Apple Inc. (AAPL) chart analysis ;
Pay attention to those warning levels, they will soon tell us what kind of pattern Apple will follow. Expecting great results, but Steve Jobs medical leave and that parabolic rise could give us a spike up and reverse ..... fooling many traders .....

Photos taken in Brussels

Photos of Sumos in Brussels :)

Focus on VXX next week

iPath S&P 500 VIX Short-Term Futures ETN (VXX) chart analysis ;
1) Use this ETN if you consider that the VIX is oversold
2) Focus on these entry levels to build positions (Entry level 1 stands right above $34).
3) Volume pattern shows probable capitulation ....
4) I am bearish on the SP 500 ? No, but we are getting way way overbought .....

Julius Baer whistleblower, the end of Swiss banks ?

Cartoon inspired by the recent article about the Julius Baer whistleblower Rudolf Elmer, a former COO of one of the biggest Swiss banks, ready to expose 2000 high net worth tax evaders to Julian Assange of Wikileaks
Read the full story on Zerohedge.com
Imagine now Swiss private bankers asking for their bonuses or they will ........

Wine from Morocco

The first evidence of wine production in Morocco was in the time of the Phoenicians - the first millennium BC.
Prized by the Romans, the strong wine was sent back to Italy.
Read the full article (with Video) from the BBC.com

Record earnings coming ?

Market watchers say bullish sentiment signals pullback coming ; Read the full article on Marketwatch.com.
(Record earnings cartoon)

Bank of Ireland (IRE)

Bank of Ireland ADR (IRE) chart analysis ;
1) Volume pattern confirms highly probable bottom, we now need another volume break out to confirm the next "price break out"
2) Focus on those entry levels ; Build positions by buying "right above those levels"

Allied Irish Banks, plc. (AIB)

Allied Irish Banks, plc. ADR (AIB) chart analysis ;
1) After a long down trend, price tends to form "violent moves", attempting to form a bottom pattern.
2) Do we have a reliable bottom ? We shall soon find out.
3) Use the entry levels to build positions ; Buy the break out (on higher volume if possible), above those "entry levels" (see chart)

Extreme oversold condition in the Vix ?

Just pay attention to the "extreme oversold condition" in the VIX.
Raise your stop on the SP 500 to 1260

Market crash in India ?

India Bombay Stock Exchange 30 Sensex chart analysis ;
1) Fake move (see chart) confirmed the lower highs pattern
2) Broken key support level did send the BSE back towards its 200 days SMA.
3) Will the BSE hold above its 200 days SMA ?
We now have a major divergence (Shanghai and India) versus the SP 500 !
America leads again ..... but ..... if the current trend in India and Shanghai continue, expect a major pull back from the SP 500 !
VIX is now way way oversold ........ So plan for a sideway pattern (SP 500)

Casablanca stock exchange

Here is a list of several key companies in Morocco listed on the Casablanca stock exchange.
Of course I am watching the local stock market :)
My watch list is ;
ATTIJARIWAFA BANK ; (Major bank, with offices in West Africa, and Europe)
LAFARGE CIMENTS ; Cement, watching key local demand for constructions.
LABEL VIE ; Supermarket chain
ALUMINIUM DU MAROC ; Aluminium
No charts avail, so using lots of fundamental infos :)
The good thing about Morocco ? Word of mouth is faster than the BBC :)

News and chart impact

1) BP plc ADR (BP) ; Nice break out on higher volume, read this article from CNBC.
Also bullish on the following Oil related ;
Oil Service HOLDRs ETF (OIH), Energy Select Sector SPDR ETF (XLE), and of course,
Market Vector Russia ETF Trust (RSX).
Been mentioning them several times on this blog (type the tickers in the blog search).
2) Pay attention to the iShares MSCI Japan Index ETF (EWJ) next week ; Watch the impact of this article from Bloomberg. If you are long EWJ, use $10.9 as your stop. Expecting a sideway pattern.
3) American International Group, Inc. (AIG) repays the fed (read the article), its basically sitting right above its 50 days simple MA ; Will that level be a key support ? Give it a few days. I would not touch it yet.

Focus on Financials

Gut feelings for 2011 ? Financials will lead :)

Gold and Silver warning

SPDR Gold Trust ETF (GLD) and iShares Silver Trust ETF (SLV) chart analysis ;

1) Using on both charts the support level (light grey) and their simple 50 days MA.

2) If you decided to go short on both, focus on the stop loss level

3) GLD shows a triple top ....

4) SLV shows a head and shoulder ?

5) Target on both ? 200 days simple MA ?

Not jumping to conclusions yet, but we do have a first real sign of a potential bearish reversal.

Deere & Company (DE), riding the agricultural boom

Deere & Company (DE) chart analysis ; Clean perfect uptrend, "up the stairs pattern"
Too bad I am not the official "importer" for Africa (:
Deere & Company provides products and services primarily for agriculture and forestry worldwide. The company operates in three segments: Agriculture and Turf, Construction and Forestry, and Credit. The Agriculture and Turf segment manufactures and distributes a line of farm and turf equipment, and related service parts, which include large, medium, and utility tractors; loaders; combines, cotton, and sugarcane harvesters and related front-end equipment; sugarcane loaders; and tillage, seeding, and application equipment. This segment also offers hay and forage equipment comprising self-propelled forage harvesters and attachments, balers, and mowers; turf and utility equipment, such as riding lawn equipment, walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment; integrated agricultural management systems technology; precision agricultural irrigation equipment and supplies; landscape and nursery products; and outdoor power products.

Market opinion

I love this picture :)
Ok, back to the markets ;
1) Euro Dollar ; Managed to bounce back up above its key resistance @ 1.3000. Do not go long yet, allow a few days to see if the Euro manages to remain above 1.3050 (trend still bearish).
2) SP 500 ; Warning, now the word overbought will come out everywhere. Still expecting a channel pattern, so do not chase it yet (watch out for fake moves).
3) Light crude oil still holding up well ; raise stop to $90
4) Gold managed to get back above its 50 days sma ; 1380 is now a key level.
5) 30 Year treasury bonds (US) ; Showing an attempt to for a bottom/channel pattern.
6) Shanghai SSE Index ; A break above 2900 is what we need to see global indexes on fire.
Play of the year ? Financials !

The Coca-Cola Company (KO) reversal ?

The Coca-Cola Company (KO) chart analysis ; Facing a reversal ?
1) Use the simple 50 days moving average as your "main trend".
2) Current resistance stands at $64 (Its 50 days sma)
3) Short trigger stands at $62.5
4) Ignore scenario if price gets back above $64