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So it's been a great year so far for the commodities of which prices have been going up strengthened by the weakening USD. Now USD is ready to make a come back with a bang. It's time to load up once again and enjoy USDA prime beef trading the USD recovery store.
At the beginning of the year, we've passed a point in the oil price that people think would deter demand.
While going through myriads of charts of companies that I regularly monitor, I found International Paper (NYSE:IP). The prices have been tested at least twice - depending on how you interpret it, it could have been 3 times - at the 27 level. Once we see bids going higher above the 50 MA at around the 28 level and if prices stay there, that's the time to get in.
While going through some charts, I've found some nice setups in SPLS and ORLY. The setup I'm talking about today has two basic criteria: One is the price being near a major average, and the other is the oversold signal. I would monitor the two for now. I would only try when I see some buyers coming in and buying at higher bids.
DOW hit 12,000 and made a short turn around to around yesterday's high. There's no indication of the market making a turn around and we don't know whether the market will continue to go up. We can only *try*. Here are some good setups for the longs.
We're looking at T2108, a percetage graph representing the percentage of stocks above their 40 day simple moving average. Don't take my word for it but I learned from somewhere that 40 day simple moving average is the de facto average for mutual funds.
There's a clear support line at the 21.50ish level. So that's going to be my stop. If I'm wrong, I get out with a loss at 21.50. There are three scenarios that I expect to happen.
Ok. Here's the deal. MDT: Medtronics. I'm anticipating a volatility squeeze on MDT's price action. Some technicals are aligning very well.
While SPY has been hitting resistance at around 110 with the doji which indicates indecision whether to go up or down, the TMF has been rallying. What this tells me is that there is conceivable risk still lingering in the markets or in the majority of investors' minds. Also, the equity market has shown tremendous strengh in the last 7 days or so: We've come up way to fast.
The risk-reward ratio here is 0.18(=0.16/0.85); the reward-risk ratio is 5.31. It means that I have the potential to make $5.31 for risking a dollar. Mouth watering ratio. mmmm ....
What does Take Two Interactive do? Have you heard of Grand Theft Auto or Bioshock? Yeah, they make them. Ever since the big drop in January, TTWO has been in my watch list. I wasn't sure when it was a good time to go in because I couldn't define any risk or see any type of pattern until two weeks ago. Incidentally, I realized that this is a ascending triangle pattern, a bullish continuation pattern.
I've been thinking. Is it that bad for the discount rate to increase? The FED is simply starting to slightly control or, specifically, reduce the money supply. But the money are still in the banks: Banks haven't increased their lending. This is why we don't have inflation. As long as the money is not spent or as long as the velocity of money stagnates, we're not going to have inflation. There's an equation Money_Supply + Velocity = Price_Change + Output_Change. Do you see what the FED is starting to do? Mon...
Here's an interesting theory that I have. The upcoming Diamer AG's earnings report got me thinking about Chinese Yuan, metal, and dry bulk shipping. Last year, Diamer reported strong growth in the Chiense market. First of all we have the following information.
Do you see the relationship between the VIX and the NYSE? Yeah, it's one of those things that Beyonce does well. BOUNCE BOUNCE!!! Uh oh oh Uh oh oh!!! This is one indicator that hints that this may be a bounce and as such, there is some potentially fruitful upside ahead of us. Also, check out the weekly charts of the stocks that you are interested in to decide whether to go in. I have demonstrated this in my previous posting titled "Should you buy? When do you buy? What to look for?".
This market seems totally random due to the pop up show from the US government and the systematic risk introduced by the EU nations, especially, those known by the acronym PIIGS. Looking at the market action for the past two weeks, random walk theory seems to make sense. But have you zoomed out and took a longer term view? Money managers on popular business media such as CNBC have come out and expressed concerns of a bigger correction: The S&P, for example, has only come down 7% or so and we need at least 1...
FORM is something that was on my watch list for more than a month. I was hoping that it would come down to the 50MA in the mid 19s. My wish had come true on the day it announced its preliminary 2009Q4 earnings on the 12th of January. Since then, the stock has been on a downhill until today. Today's move nullified the last three down days.
We all know that the financial sector is exactly where you don't want to be in. There are too much uncertainty on bank policies and everybody just hates the banks for doing what they do best: Trade and make money. The last three days' sell off was exacerbated by Obama's surprise announcement on bank policies, an attempt to restrict some of the profitable operations that banks carry on to fill their own tummies. So why are we thinking about FAS, Direxion Daily Financial Bull 3x Shares, an ETF that moves by 3...
I've been with AIB for sometime for the reason of riding the early uptrend and here's an analysis on the chart. The strategy here is to hold as long as the uptrend continues. It's only recently the trend reversed to an uptrend from a downtrend. We'll have to see whether the uptrend continues in the long run.
I cannot deny the frustration arising from trying to type on a DVORAK keyboard as fast as I would on a QWERTY. While I'm typing this entry, I recall my friend who has yet to perfect QWERTY lamenting that he has to think when he tries to type properly.
Today while watching CNBC, I saw the Amazon Kindle commercial for the first time. I was surprised that Amazon was advertising the Kindle on TV because I remember Jeff Bezos saying something along the lines of advertising is a proof that you have a poor product. Despite my surprise, I was glad the Kindle is being advertised on TV. Frankly, I think the Kindle is a superior product over any other E-Book readers in the current market including the Barnes and Nobble's Nook which is scheduled to be on sale in Nov...
A month ago I was watching “American Greed” – a series exposing the world of scams, cons and schemes – on CNBC. In one of the commercials during the commerical breaks, I first watched the preview of “Paranormal Activity”. I saw more scenes of reactions of people who were watching the movie and saw snippets of flattering reviews from various newspapers and megazines. At the end of the preview, the preview had the question “NOT PLAYING IN YOUR AREA?” soliciting viewers to “demand it!”.
It's a disappointment: Whatever said in the product ads do not match up to the actual product. When I was ordering the DSC-WX1, I was hoping that the DSC-WX1 was a match against the Lumix LX3.
Perhaps the DSC-WX1 is the camera that has more features than the Leica DLUX3, the Lumix LX4, or any point-and-shoot camera with a 24mm wide angle lens.
While I was relaxing at my parents place where I can watch Korean cable TV channels, I stumbled upon a music TV chart show. I watched it for about 20 minutes and realized that there are so many male idol groups. All I know is Big Bang and Dong Bang Shin Gi; perhaps, I'm too old to know all of them. All of them were similar to one another and I wondered how they acquire fans.
The phenomenon of new mediums taking over the old ones takes place all the time around us. For example, I've recently replaced a G router with an N router at my parents home.