An absence of stimulating economic data releases, Dell's significant earnings miss - now called a 'debacle', and of course the suddenly strengthening US dollar served as a drag for the equity market today. The S&P 500 saw its first weekly loss for the month. A number of additional bearish factors came from overseas, putting further pressure on the markets: The possibility Asian policymakers might impose capital controls; the European Central Bank's hint of withdrawing liquidity (i.e., phasin… Continue
Added by Lance Carson on November 22, 2009 at 9:30am —
No Comments
After the bull market ended in Oct 2007 the stock market declined for the next seventeen months, until Mar 2009. The total market loss for the SPX was 58% and the DOW 54%. As of monday/wednesday, when the SPX/DOW were making new recovery highs, the SPX had retraced 49% of that the decline, and the DOW 51%. There have only been four instances when the DOW has lost about 50% or more of market value: 1929-32, 1937-42, 1973-74 and 2007-09.
After each 50% market value decline there was always, at le… Continue
Added by Lance Carson on November 22, 2009 at 9:14am —
No Comments
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts… Continue
Added by Bryan Leighton on November 22, 2009 at 8:57am —
No Comments
The USD decline and the Gold rally seems to me to be nearing the end of it's trend. I still see more upside for the metals as we go into the end of the year. I will be looking for a good place to reverse all positions as we bring December to a close.
The portfolio is up 80% sence I started trading this year 7/6/09.
Interest on the Balance is paying 4.5% per year.
Interest on the Working Capitol is paying 13.5% per year.
Leverage is Aprox. 6 1/2 to 1.
XAU/USD (Gold)
Cost 25.9% interest per year… Continue
Added by Michael Yorba on November 22, 2009 at 5:10am —
No Comments
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts… Continue
Added by Bryan Leighton on November 19, 2009 at 11:03am —
No Comments
Gold
Long at 941, 948 & 1042 stop on all positions at 1093.
I will move my stop up when we finish the retracement of the recent rally.
New Silver position.
Took profit on all previous positions.
Long at 17.15 I will move my stop up in the next few days once we have a retracement of the recent rally.… Continue
Added by Michael Yorba on November 17, 2009 at 4:15am —
No Comments
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the chart… Continue
Added by Bryan Leighton on November 11, 2009 at 11:59am —
No Comments
The portfolio is earning 5.7% interest on the balance and 15% interest on the working capitol.
The Portfolio is up 53% since 7/6/09.
Leverage is 7.2 to 1.
XAU/USD (Gold)
Cost 25.98% interest per year.
If we pull back next week and bounce, I will move my stop up to the next higher level of support. Target for support is 1070. Fib 38.2% level is 1072.
… Continue
Added by Michael Yorba on November 7, 2009 at 5:00am —
No Comments
Gold
New Position long at 1042 on 10/28/09. Next target is 1205 by 11/15/09. I will move all stops up after the next pull back. It should be higher than 1070 (10/13/09 high).
Silver
New position long at 16.38 Sunday night. If Silver breaks out over 18.10 (10/13/09 high) it should make it to 20.22 by 11/15/… Continue
Added by Michael Yorba on November 4, 2009 at 4:00am —
No Comments
Gold
This is the first gap up on the Gold market since early March 09.
If we get some follow through to the up side.. we could go parabolic if the 11/15/09 cycle day proves to be an acceleration point instead of a pivot point. I will be watching with great interest.
All in all this looks very bad for the USD and very good for the Crude Oil market as well. I consider Crude an international currency between countries in the G20
… Continue
Added by Michael Yorba on November 2, 2009 at 8:00pm —
No Comments
Silver
I decided to buy the dip on Silver Sunday night. I have a cycle day occurring Monday and it looks like it is coming in early. I moved my stop up from 15.70 to 16.04 locking in more profits on the original 13.28 long trade.
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the chart… Continue
Added by Bryan Leighton on October 30, 2009 at 11:05am —
No Comments
Silver
I have a cycle day occurring today.
We are now at the 6/1/09 high retest of 16.21 and the recent 78.6% Fib. retracement level. If Silver turns up from here I will be looking for a target of 20.21 by the end of the year. I want to see a couple of closes over the 9/29/09 high of 16.64 to have any level of confidence in the trade.
… Continue
Added by Michael Yorba on October 29, 2009 at 4:14am —
No Comments
Silver
Sold the last possition at a loss. Put a Limit order to get long just above the 61.8% Fib retracement level 16.79.
Origonal possitions long at 13.28,13.76 & 14.37 are still in with a stop at 15.69.
Gold
Sold the last possition at a loss. Put a Limit order to get long just above the 38.2% Fib r… Continue
Added by Michael Yorba on October 28, 2009 at 3:38am —
No Comments
SPY sold off right at 10:00 am after the consumer confidence was announced. There will be gap window support at 106.25 and then gap fill at 105.90. Both levels are going to be good short tern intraday support.
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the chart… Continue
Added by Bryan Leighton on October 24, 2009 at 6:04pm —
No Comments
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the charts… Continue
Added by Bryan Leighton on October 22, 2009 at 11:10am —
No Comments
The Monthly Chart gives me a target of $328bbl next yr. After looking at the Weekly charts triple bottom Dec 08 through Feb 09 and the break out over the double top June 09 through Aug 09. I think we should trend higher into the end of the year before a significant correction.
Crude Oil Dy.
New Position Gold
Looks like I entered the position 3 days early. I decided to hold the position based on my longer term out look of the market cycle and low leverage. The market ended the week with a near exact 61.8% Fib. retracement. If we hold this support next week I will be looking for strong rally into the next target zone of 1115-1123.
… Continue
Added by Michael Yorba on October 17, 2009 at 4:33am —
No Comments