Tuesday, June 1, 2010

Jones Soda’s Walmart deal keeps stock percolating


SPX Weakness Since 5-27-10 is Probably a Short Term Wave 2 Downcycle


SPX (S & P 500, http://bit.ly/i0nsT) Weakness Since 5-27-10 is Probably a Short Term Wave 2 Downcycle, of the Monthly Upcycle since 5-25-10 (up down pattern since 5-25-10, on the daily candlestick chart; likely Monthly Cycle Low at 1040.78 on 5-25-10), see Daily View chart one at http://bit.ly/i0nsT.

An SPX (S & P 500, http://bit.ly/i0nsT) Short Term Wave 2 Cycle Low will probably occur shortly after the 1067.95 downside gap/magnet gets filled. I'll be looking to trade long via SPY after the 1067.95 downside gap/magnet probably gets filled.

Trading Roadmap: WATCH SPX's 1067.95 downside gap/magnet, then, watch the 1103.06 upside gap/magnet, and, 1115.05 is the next gap/magnet after that, see 5 day chart http://bit.ly/3qGxf3.

BP Amoco PLC's (BP) Crash Today Muted SPX's Rallies/Upside


BP Amoco PLC's (BP) Crash Today (down about -13% right now) Muted SPX's (S & P 500, http://bit.ly/i0nsT) Rallies/Upside, see http://stockcharts.com/charts/gallery.html?s=bp.

Market Breadth is Negative/Bearish


Market Breadth is Negative/Bearish, see http://finance.yahoo.com/advances.

The Five Day WMT/XOM Lead Indicators Are Very Bearish


The Five Day WMT (Walmart)/XOM (Exxon Mobil) Lead Indicators Are Very Bearish, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=fs,p12,fs,w14&c=xom,wmt,^djusfn.

Canada raises interest rates; first G-7 since crisis


The new rent-free: No mortgage payments, no worries