Thursday, December 30, 2010

Rare Earth AREM.OB is Trying to Break Out on Weekly Chart


Rare Earth AREM.OB is Trying to Break Out on multi-year Weekly Chart, see the second Weekly View chart at http://stockcharts.com/freecharts/gallery.html?s=arem.

Bill Clinton's Biggest Myth


The #Euro Might Have Put in a Short Term Cycle High Today


The #Euro Might Have Put in a Short Term Cycle High Today (likely counter trend short term bounce the past four days), see http://stockcharts.com/freecharts/gallery.html?s=$xeu.

Major Holders of Rare Earth Stock Molycorp (MCP)


Major Holders of Rare Earth Stock Molycorp (MCP, http://stockcharts.com/freecharts/gallery.html?s=mcp), see http://finance.yahoo.com/q/mh?s=MCP+Major+Holders. There's something to the rare earth resources phenomenon.

Department of Labor Gaming Its Unemployment Figures?


Italy fails to sell all its planned bonds


Friday, December 24, 2010

Let Me Lay a Little Big Picture NDX (NASDAQ 100) Elliott Wave on You


Let Me Lay a Little Big Picture NDX (NASDAQ 100, http://stockcharts.com/freecharts/gallery.html?s=ndx) Elliott Wave on You, see the Yahoo maximum timeframe candlestick chart at http://finance.yahoo.com/q/ta?s=^NDX&t=my&l=off&z=l&q=c&p=&a=w14,fs&c=.

The first NDX plunge after the March 2000 Secular Bull Market Cycle High was probably a Wave 1 Cycle Low in late 2000. Wave 2 up peaked in very late 2000 or very early 2001. Wave 3 Down (and probably Wave A Down of the Secular Bear Market since March 2000) appears to have bottomed in late 2002.

The late 2002 to October 2007 NDX (NASDAQ 100, http://stockcharts.com/freecharts/gallery.html?s=ndx) Cyclical Bull Market is probably Wave 4 and Wave B Up of the Secular Bear Market since March 2000, assuming that the current NDX Major Upcycle since late 2008 doesn't take out the October 2007 Cycle High; if it does, then, this NDX Major Upcycle since late 2008 is Wave 4 and Wave B up (since late 2002) of the Secular Bear Market since March 2000 peaking in rollover mode versus the October 2007 Cycle High.

Either way, it looks like NDX is going to put in a modestly lower or possibly a modestly higher bearish double top with the October 2007 Cycle High, see the Yahoo maximum timeframe candlestick chart at http://finance.yahoo.com/q/ta?s=^NDX&t=my&l=off&z=l&q=c&p=&a=w14,fs&c=. It looks like NDX either entered Wave 5 and Wave C Down of the Secular Bear Market since March 2000 in very late October 2007, or, is about to do so in the relatively near future.

Strong ACTC.OB Buying Came In Near the Session Cycle Low on Thursday



I'll be looking to day trade ACTC.OB on Monday, along with MCP (wary of MCP right now, due to the daily chart (http://stockcharts.com/freecharts/gallery.html?s=mcp), and, it appears to be rolling over on the five day chart, see http://finance.yahoo.com/q/ta?s=MCP&t=5d&l=off&z=l&q=c&p=v&a=w14,fs&c=).

.......China the Economic Bust


China the Economic Bust, see http://finance.yahoo.com/q/ta?s=000001.SS&t=my&l=off&z=l&q=c&p=&a=w14,fs&c=. A picture really is worth a thousand words.

Thursday, December 23, 2010

Company Registers Hundreds of Anti-Bank of America Domain Names



What can I say, but, LOL!

What Does the Internet Think of the Stock Market?


What Does the Internet Think of the Stock Market? See http://www.whatdoestheinternetthink.net/index.php?s=stock+market&st=google.

Twitter Stock Market Sentiment


Numbers crunching: Traders play the news


Twitter-Based Hedge Fund Claiming 87.6% Accuracy Set To Launch


Tuesday, December 21, 2010

Looks Like I Might Hit MCP (Molycorp) Early Tomorrow


Looks Like I Might Hit Rare Earth Resource Stock MCP (Molycorp, http://stockcharts.com/charts/gallery.html?s=mcp) Early Tomorrow (day trade), see the five day intra day candlestick chart at http://finance.yahoo.com/q/ta?s=MCP&t=5d&l=off&z=l&q=c&p=v&a=w14,fs&c=. Since mid-session MCP appears to have done an Elliott Wave down up down up, ending the session in a final Wave 5 down move. So, there might be an opportunity to day trade MCP long early tomorrow. Rare Earths REE and SHZ might/appear to have similar stories.

Must Read: Culture Of Lies Colors Our Future Darkly


InPlay: Molycorp and Hitachi Metals to form joint ventures


Why Hardly Anyone Is Selling Shares


Sunday, December 19, 2010

VIX is Very Near an Extreme of Complacency


VIX (SPX Volatility Index) is Very Near an Extreme of Complacency, see the second Weekly View chart at http://stockcharts.com/charts/gallery.html?s=vix.

In April 2010, when SPX (S & P 500, http://bit.ly/i0nsT) peaked at 1219.80 on 4-26-10 (SPX recently exceeded that cycle high), then crashed to 1010.91 on 7-1-10, VIX hit an extreme of complacency at 15.23. On Friday 12-17-10 VIX hit an extremely complacent level of 15.46, which is an ominous bearish sign for SPX (S & P 500, http://bit.ly/i0nsT)/the Market.

NDX (NASDAQ 100) Had a Major Volume Spike on Friday 12-17-10


NDX (NASDAQ 100) Had a Major Volume Spike on Friday 12-17-10, see the Daily View candlestick chart (volume bars are at the bottom) at http://stockcharts.com/charts/gallery.html?s=ndx. NDX volume spiked dramatically to 1.1257 billion shares on Friday 12-17-10, which was well above the 60 day EMA at 743.088 million shares, and, is probably a bearish peaking volume spike.

Saturday, December 18, 2010

Looks Like the UltraShort Financials ETF SKF Will Pop on Monday


Looks Like the UltraShort Financials ETF SKF (http://stockcharts.com/charts/gallery.html?s=skf) Will Pop on Monday, see the five day intra day candlestick chart at http://finance.yahoo.com/q/ta?t=5d&l=on&z=l&q=c&p=v&a=w14,fs&c=&s=skf. SKF appears to have completed an inverse Elliott Wave 12345 down up down up down pattern very late on Friday 12-17-10 (I made 5 cents/share on a late SKF day trade, that I tweeted at http://twitter.com/#!/tradethecycles), that began very early on Friday 12-17-10, and, SKF broke it's intra day downtrend very late in the session.

I'll be looking to day trade SKF again on Monday and pretty much every day where opportunities present themselves. The Dow Jones US Financials Index (DJUSFN) appears to have peaked/put in a Major Cycle High in April 2010 at 305.41, see the second Weekly View chart at http://stockcharts.com/charts/gallery.html?s=$djusfn.

Friday, December 17, 2010

AP source: Madoff trustee gets $7B settlement


The Long Bond ETF TLT Might Have Finally Bottomed


The Long Bond ETF TLT Might Have Finally Bottomed, see http://stockcharts.com/charts/gallery.html?s=tlt. Since the 107.89 Wave 3 Intermediate Term Cycle High in late August 2010 TLT has done an inverse Elliott Wave 12345 down up down up down pattern, that might have bottomed at 90.47 on 12-15-10. Note the huge volume spike recently, which jives with an important cycle low occurring (volume spike confirms the inverse price spike).

Ben Bernanke's Brilliantly Bullish Veil


Tuesday, December 14, 2010

The US Dollar Might Have Bottomed Today, the Euro Might Have Peaked


The US Dollar Might Have Bottomed Today (bullish inverse spike on today's candle), the Euro Might Have Peaked (bearish red candle, indicating a close below the open); both bearish for the S & P 500 (SPX, http://stockcharts.com/charts/gallery.html?s=spx)/Market, see the USD at http://stockcharts.com/charts/gallery.html?s=$usd, and, see the Euro at http://stockcharts.com/charts/gallery.html?s=$xeu.

Document Security Systems (DMC) Provides Protection From Leaks


Document Security Systems (DMC) Provides Protection From Leaks (from the likes of WikiLeaks), see http://finance.yahoo.com/q?s=DMC&ql=0, and, see the Daily & Weekly Candlestick charts at http://stockcharts.com/charts/gallery.html?s=dmc.

Friday, December 10, 2010

Supatcha Acknowledges Unsolicited Bid


Non-contrarian #SPX Commercial Traders Went Net Short by 88,893 #Futures Contracts the Past Few Months


Non-contrarian Commercial Traders Went Net Short by 88,893 Contracts the Past Few Months (bearish intermediate term sign), see about 2/3's of the way down at . Also, they traded net short in the five days ending 12-7-10 by 13,434 futures contracts, which is obviously a short term bearish sign.

Thursday, December 9, 2010

Quantitative Easing Alert! Whooop Whooop Whooop!


Quantitative Easing Alert! Whooop Whooop Whooop!

Weekly Fed Credit = +$33.693 Billion on 12-8-10 (http://www.federalreserve.gov/releases/h41/Current/)/+$426 Million on 12-1-10/+$24.277 Billion on 11-24-10/+$3.958 Billion on 11-17-10/+$8.470 Billion on 11-10-10/-$1.986 Billion on 11-3-10/-$1.039 Billion on 10-27-10/-$9.375 Billion on 10-20-10/+$8.599 Billion on 10-13-10/-$3.119 Billion on 10-6-10/+$1.154 Billion on 9-29-10/-$2.768 Billion on 9-22-10/+$2.676 Billion on 9-15-10/-$73 Million on 9-8-10/-$7.462 Billion on 9-1-10.

Yahoo Comment: "Pelosi and Reid are running the show. Obama is a "hood ornament""


Yahoo Comment:

"Pelosi and Reid are running the show. Obama is a "hood ornament" on the vehicle heading towards the cliff!
Term limits are needed in Congress and Pelosi will no longer be able to sleep with the gavel after New Years.
I cannot believe the arrogance and lies or the comparison to "hostage takers" or "terrorists" by the Democrats. They don't care about the American people and the losers are the ones pushing the hateful and destruction of America!"

House Democrats reject tax plan unless changed


It's Easy To Villify ETFs When You're Loose With The Facts


Wednesday, December 8, 2010

Assange rape case spotlights Sweden's liberal laws



More evidence of the loony laws/things that can happen when Liberals are in power.

Sorry, if you’ve been unemployed for 99 weeks, you are still getting cut-off


The CRB and DJIA Put in a Bearish Double Top Yesterday 12-7-10


The CRB and DJIA Put in a (both nearly perfect) Bearish Double Top Yesterday 12-7-10, with their November 2010 cycle highs, see CRB at http://stockcharts.com/charts/gallery.html?s=$crb, and, see the DJIA at http://stockcharts.com/charts/gallery.html?s=$indu.

The DJIA peaked on 11-5-10, and, it might/appears to be the Major Upcycle since March 2009 putting in a final Major Cycle High. The CRB peaked yesterday 12-7-10, and, it might/appears to be the Major Upcycle since February or March 2009 putting in a final Major Cycle High.

Saturday, December 4, 2010

SPX/Market Thoughts For Saturday 12-4-10


SPX (S & P 500 http://bit.ly/i0nsT)/Market Thoughts For Saturday 12-4-10:

The two most important SPX/market indicators, the Euro and the SPX Volatility Index (VIX), are very or extremely bearish on a short term, an intermediate term, and a long term basis. Also, the Euro appears to have put in an Intermediate Term Cycle High at 142.81 on 11-4-10, see http://stockcharts.com/charts/gallery.html?s=$xeu. Once the short term Euro bounce peaks I'll be looking to trade SPX short via the SH ETF.

The five day Euro ETF FXE Lead Indicator is very bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=ss&c=fxe. The three month Euro ETF FXE Lead Indicator is extremely bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=3m&l=off&z=l&q=c&p=v&a=ss&c=fxe. The two year Euro ETF FXE Lead Indicator is extremely bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=2y&l=off&z=l&q=c&p=v&a=ss&c=fxe.

The five day SPX Volatility Index (VIX) is extremely bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=&a=fs,p12,fs,w14&c=^vix. The six month SPX Volatility Index (VIX) is extremely bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=6m&l=off&z=l&q=c&p=&a=fs,p12,fs,w14&c=^vix. The two year SPX Volatility Index (VIX) is extremely bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=2y&l=off&z=l&q=c&p=&a=fs,p12,fs,w14&c=^vix.

This past week SPX (S & P 500 http://bit.ly/i0nsT) had a big spike move, that appears to be the Upcycle since the recent 1173 cycle low peaking, and, since 8-27-10 SPX has had a huge gravity-defying spike move, with the huge VIX/fear spike from the 5-5-10 Flash Crash being a huge bullish factor, see .

It's very doubtful that SPX would have taken out the 4-26-10 1219.80 cycle high were it not for the huge VIX/fear spike from the 5-5-10 Flash Crash, see http://finance.yahoo.com/q/ta?s=^GSPC&t=1y&l=off&z=l&q=c&p=&a=fs,p12,fs,w14&c=^vix. There's a good chance that SPX's Major Upcycle since 3-06-09's 666.79 Major Cycle Low will peak soon.

The non-contrarian SPX Commercial Traders went net short by 75,000+ futures contracts the past few months, see about 2/3's of the way down at .

Quantitative Easing began again recently, which is a major bullish factor however. Weekly Fed Credit = +$426 Million on 12-1-10/+$24.277 Billion on 11-24-10/+$3.958 Billion on 11-17-10/+$8.470 Billion on 11-10-10/-$1.986 Billion on 11-3-10/-$1.039 Billion on 10-27-10/-$9.375 Billion on 10-20-10.

Thursday, December 2, 2010

The Euro vs SPX Lead Indicator is Extremely Bearish Recently


The Euro vs SPX Lead Indicator is Extremely Bearish Recently, it was -0.61% on 12-2, -0.94% on 12-1, -0.48% on 11-30, -0.70% on 11-29, -0.01% on 11-26, -1.76% on 11-24, -0.45% on 11-23, -0.31% on 11-22.

UltraShort Euro ETF (EUO) Elliott Wave Count


UltraShort Euro ETF (EUO) Elliott Wave Count, see the two year candlestick chart at http://finance.yahoo.com/q/ta?s=EUO&t=2y&l=off&z=l&q=c&p=v&a=w14,fs&c=. Since June's Intermediate Term Cycle High EUO did an Elliott Wave ABC down up down pattern, and, as usually happens, it also did an inverse 12345 down up down up down pattern (pattern within a pattern, usually what happens with downcycles), putting in an Intermediate Term Cycle Low on 11-4-10 at 17.93, with a major volume spike occurring at and near the bottom (see chart at link above).

So, the Euro turned bearish on an Intermediate Term Cycle basis on 11-4-10, which is bearish for SPX (S & P 500, http://stockcharts.com/charts/gallery.html?s=spx). Also, the six month Euro ETF FXE versus SPX Lead Indicator is very bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=6m&l=off&z=l&q=c&p=v&a=ss&c=fxe.

We're Turning Japanese: Deal With It


A Major Euro ETF FXE Volume Spike Occurred the Past Two Days


A Major Euro ETF FXE Volume Spike Occurred the Past Two Days, see http://stockcharts.com/charts/gallery.html?s=fxe. The likely (gap-filling) counter trend Euro ETF FXE bounce the past few days appears to be peaking, confirmed by the major volume spike.

The Euro ETF FXE has done a down up down up pattern since the 142.28 Intermediate Term Cycle High, see http://stockcharts.com/charts/gallery.html?s=fxe, and, is probably in the process of doing (the usual/typical) an Elliott Wave 12345 down up down up down pattern decline.

SPX's (S & P 500, http://bit.ly/i0nsT) gap-filling likely counter trend bounce of the past few days is probably peaking, and, SPX probably put in a Major Cycle High at 1227.08 (a double top or modestly higher high won't be surprising, especially since Quantitative Easing/massive Fed Credit began again recently) versus the 1228.74 Fibonacci target, rolling over dramatically versus the 1219.80 4-26-10 cycle high.

The five day ETF FXE vs Lead Indicator is extremely bearish; see .