Friday, October 31, 2008

Update for Oct. 31, 2008.

  1. Happy Halloween!
  2. Yi: -1.5
  3. Probable bottom here for: STX
  4. Trying to bottom out in this area: $PLAT
  5. Attempting to hold the 28 DMA here: QID
  6. Trying to break above the 28 DMA now: $XOI, EWJ, GM, MMC, PLG, PNRA, SDTH, SUN
  7. Trying to break above the 65 DMA: GTU and T
  8. More later. Anything posted here may be off base.

Thursday, October 30, 2008

Update for Oct.30, 2008.

  1. Yi: -2.5
  2. Probable bottom here for: CAKE
  3. Trying to bottom out in this area: ACF, ARM, EXP, NYSE Summation Index, STX, TSL, WHR
  4. Attempting to break above the 28 DMA: $DJX, AAPL, B, BA, BNI, BPOP, COGO, EGO, FNM, FXF, GA, GM, GOOG, KFT, LOW, MBI, NAT, NOK, NTES, OCR, PAYX, PBCT, PG, QCOM, QID, SUN, TIE, TLB, TOT, V, WB, WDC, WFC, XLU
  5. Trying to break above the 65 DMA: BPOP, GPC, MCD, T
  6. Moderately overbought: GIS, NST, OGE
  7. Anything here may be off base.

Wednesday, October 29, 2008

Update Oct. 29, 2008.

  1. Yi: -2.5 (So we had a significant rally off the Yi -5 secondary low as predicted, but I still am not convinced the bear market is completely over yet longer term.)
  2. Probable bottom here for: $HGX, AKNS, ARM, AXB, BPZ, CAT, CPSL, EEFT, EWI, GF, PGM
  3. Possible bottom here for: CTB
  4. Trying to bottom out in this area: AEM, AIG, CHK, COGO, CSIQ, ERIE, GA, GM, LEN, LUFK, MKC, NAT, OCR, PBW, PBY, PLG, SHI, TAN, TPX, WATG, WFR, WOR, X
  5. Extremely oversold: EXP
  6. Moderately oversold: The gold weekly chart.
  7. Attempting to break above the 28 DMA here: JNJ and PEG
  8. Attempting to break above the 65 DMA: BMY
  9. Anything posted here may be off base.

Tuesday, October 28, 2008

Update for Oct. 28, 2008.

  1. The "Yi" is -5 again, indicating a very oversold condition in the stock market, so it is no surprise it appears we will have a rally today, and for the more intermediate term time frame, we are due for a significant bear market rally. But remember folks, when it comes to the long term bear market, "it ain't over till it's over".
  2. To a buy signal: $CRB
  3. Probable bottom here for: $SOX
  4. Possible bottom here for: WHR
  5. Trying to bottom out in this area: AXB, BAC, BGF, CAKE, CSL, DVY, ELN, FCX, FNM, FTO, GE, GLW, GOOG, GPC, HMY, IYY, JASO, KBE, LOW, MMC, MSCC, MTH, NOK, NWL, PAYX, PEP, PG, PTEN, ROK, SDTH, SLV, T, TKR, TOT, TSL, TSM, UGP, URE, USD, UYG, V
  6. Extremely oversold: $IIX, CSIQ, EWJ, IBM, KO, TKR, UYG, WFR, WY
  7. Moderately oversold: PBCT
  8. Toppy here: $VXO and QID
  9. Probable top here for: $USD
  10. Anything posted here may be off base.

Monday, October 27, 2008

Update for Oct. 27, 2008.

  1. Yi: -4
  2. Probable bottom here for: AA, ASA, CBK, JASO
  3. Possible bottom here for: $WTIC, $XAU, ABX, AEM, AMAT, DELL, EEFT, EGO, GDX, GG, HMY, IRF, KGC, MOT, MSCC, NEM, NOK, NWL, PBY, PTEN, SHLD, TSL, WSO
  4. Trying to bottom out in this area: $GOLD, $HGX, BPZ, CAT, GTU, IFN, MBI, OCR, PLL, QCOM, QQQQ, SKS, SPWR, SU, TAN, TIE, TPX, TSM, UGP, URE, USD, UYG, V, WFR, WOR, XLF
  5. Extremely oversold: $SOX, ACAS, ACF, AVP, B, BGF, C, CNK, CREE, CTB, ELN, EWA, EWI, FCX, FRO, FXI, GE, GF, GFI, IBM, IWM, LDK, LEN, LMT, LOW, LUFK, MER, NTES, PBW, PNRA, ROK, TKR, VFC, WATG, WY, X
  6. Standard oversold: AXB, DVY
  7. Moderately oversold: MCD
  8. Toppy here: $USD
  9. Anything here may be off base.

Friday, October 24, 2008

It's the Economy Stupid!

Duhhh, click on the link above.

T.A. Update for Oct. 24, 2008.

  1. Yi: -3
  2. No use going through all the charts, as almost everything is extremely oversold, and going into "reverse parabolic arcs". In other words, lots of "blood" in the streets".

A fairly simple explanation of how we got into the "toxic mortgage" crisis.

Click on the above link for a fairly simple explanation of how we got into the current financial crisis.

Thursday, October 23, 2008

The ratings agencies let us down.

Click on the above link for more on this brewing scandal.

Lee Iacocca gives em' hell!

We need more brave leaders like Lee Iacoca right now! Click on the link above for more.

T.A. Update for Oct. 23, 2008.

  1. Yi: -3.5
  2. Probable bottom here for: MEOH and STX
  3. Trying to bottom out in this area: FXF
  4. Extremely oversold now: AEM, ASA, CEF, CSL, DELL, GLD, GLW, HMY, PLL, PTR, SHI, SPC, TSM, URE, USD, WHR
  5. Standard oversold: $GOLD and RGLD
  6. Extremely overbought: $USD
  7. Anything posted here may be off base.

Wednesday, October 22, 2008

T.A. Update for Oct. 22, 2008.

  1. Yi: -1.5
  2. Trying to hold the 28 DMA here: $VXO
  3. Trying to break above the 28 DMA: PEG and T
  4. Moderately overbought now: OGE and SDTH
  5. Anything posted here may be off base.

Tuesday, October 21, 2008

T.A. Update for Oct. 21, 2008.

  1. Yi: -0.5
  2. To buy: $PLAT
  3. Probable bottom here for: EGO
  4. Possible bottom here for: $GOLD, CEF, GLD, JASO, PLG, SLV, WGW
  5. Trying to bottom out in this area: ARM, AXB, BPOP, C, HMY, PPC
  6. Moderately oversold now: GTU
  7. Trying to break above the 28 DMA here: GA, GOOG, NOK, PBCT
  8. Anything posted here may be off base.

Monday, October 20, 2008

T.A. Update for Oct. 20, 2008.

  1. Yi: -2.5
  2. Possible bottom here for: ASA and B
  3. Trying to bottom out in this area: AEM, BMY, BPZ, CLF, CSIQ, CSL, EEFT, EGO, ELN, FXI, GDX, GF, GFI, GG, KGC, KO, LDK, MEOH, MTH, PBW, PBY, PGM, PNRA, SHLD, SUN, TPX, WSO
  4. Extremely oversold: $XAU
  5. Standard oversold: BPOP
  6. Moderately oversold: HMY, IDA, MMC, PHI
  7. Trying to break above the 28 DMA here: WFC
  8. Trying to break above the 65 DMA: MBI
  9. Anything posted here may be off base.

Friday, October 17, 2008

T.A. Update for Oct. 17, 2008.

  1. Yi: -2.5
  2. Probable bottom here for: $SOX and $XAU
  3. Possible bottom here for: $HGX, $IIX, AA, CSL
  4. Trying to bottom out in this area: $DJX, $SPX, $XOI, ACH, AKNS, AMAT, AVP, BA, BPZ, CAKE, CAT, CBK, FTO, ERIC, CLF, CPSL, CSIQ, CTB, DELL, EEFT, ERIC, ERIE, EWA, EWI, EWJ, EXP, FTO, GE, GLW, GOOG, GPC, IBM, IDA, IFN, IRF, IWM, IYY, JASO, KFT, LDK, LEN, MCD, MKC, NWL, OCR, PAYX, PEG, PEP, PHI, PLL, PTEN, QCOM, QQQQ, ROK, SEED, SHI, SKS, SLV, STX, SU, SYY, TAN, TIE, TKR, TLB, TOT, TSL, TSM, URF, USD, UYG, VFC, WDC, WFR, WHR, WOR, WY, X, XLF, XLU
  5. Extremely oversold: ABX, ARM, GDX, GFI, GG, KGC, MEOH, NEM, PBY, PGM, SHLD, TPX, WSO
  6. Standard oversold: BMY, GLD, OGE
  7. Moderately oversold: $GOLD, ACF, BGF, C, CEF, CREE, DVY, NST, PG, RGLD
  8. Trying to break above the 65 DMA here: GIS
  9. Toppy here: $USD and $VIX
  10. Anything posted here may be off base.

Thursday, October 16, 2008

T.A. Update for Oct. 16, 2008.

  1. Yi: -4 
  2. Extremely oversold: PEP and WY
  3. Moderately overbought: WB
  4. Anything posted here may be off base.

How this bear market compares to others so far.

It's worse than the beginning years of the "great depression" so far. Click on the link above for more. 

Wednesday, October 15, 2008

T.A. Update for Oct. 15, 2008.

  1. Yi: -2.5
  2. Possible bottom here for: PGM
  3. Trying to bottom out in this area: ABX
  4. Standard oversold: GG
  5. Trying to hold the 28 DMA here: CEF and QID
  6. Trying to break above the 28 DMA: COGO, CREE, FXI, GA, GLW, GTU, NAT, NTES, PLL, SHI, SPC, T, TSM, V, WFR
  7. Moderately overbought now: BGF, JNJ, MER
  8. Anything posted here may be off base.

Tuesday, October 14, 2008

T.A. Update for Oct. 14, 2008.

  1. Yi: -2.5
  2. Probable bottom here for: $CRB and $WTIC
  3. Possible bottom forming here: LMT, NEM, STX
  4. Trying to bottom out in this area: $XAU, ELN, PBY, SKS
  5. Extremely oversold: EGO
  6. Standard oversold: ABX, AEM, GDX, KGC, SLV
  7. Trying to hold the 28 DMA here: $GOLD and GLD
  8. Trying to break above the 65 DMA here: BPOP and WSO
  9. Moderately overbought: HMY
  10. Anything posted here may be off base.

The Nausea Express

They're Stealing from You and Me.

Monday, October 13, 2008

New Stock Market Terms

For the "new stock market terms", click on the above link. 

T.A. Update for Oct. 13, 2008.

  1. Yi: -4.5
  2. Probable bottom here for: $HGX, $IIX, $SOX, $SPX, $XOI, AA, ACAS, AMAT, ARM, BGF, BPZ, CAKE, CHK, CLF, CSIQ, DELL, ERIC, EWJ, EXP, FXI, GF, IYY, JASO, MEOH, PTEN, ROK, SLV, STX
  3. Possible bottom here for: $DJX, AKNS, BA, BAC, BNI, CSL, GM, GOOG, IDA, IFN, KBE, MER, SKS
  4. Trying to bottom out in this area: AIG, B, BMY, CNK, IWM, KO, LEN, MCD
  5. Extremely oversold: C, CAT, CBK, CTB, DVY, EEFT, EWA, EWI, FTO, IRF, JNJ, LOW, MBI, OGE, PEG
  6. Standard oversold: ACF, AVP, ERIE, GIS, GPC, KFT, LMT, LUFK, MKC, PEP
  7. Trying to break above the 65 DMA here: WSO
  8. Probable top here for the $VXO
  9. Anything posted here may be off base.

Friday, October 10, 2008

Banana Republic


No doubt about it, this is what we are becoming.

T.A. Update for Oct. 10, 2008.

  1. Yi: -5
  2. Possible bottom here for: CPSL, GLW, UGP, WHR
  3. Trying to bottom out in this area: ACF, GF, VNBC
  4. Extremely oversold here: IWM, MOT, PTR, ROK, TSM
  5. Attempting to break above the 28 DMA: GFI, GG, SLV
  6. Attempting to break above the 65 DMA: CEF
  7. Moderately overbought now: ABX and GTU
  8. Good luck to all today, and of course as is always the case, anything posted here could be way off base.

Bull gets Blue Balls!


Paulson to inject viagra immediately!

Thursday, October 9, 2008

T.A. Update for 10/9/2008.

  1. Yi: -5 (We are deeply oversold here, so some type of bounce is to be expected.)
  2. Probable bottom here for: $PLAT, $XOI, ACH, CLF
  3. Possible bottom here for: $CRB, $IIX, $SOX, $SPX, $WTIC, AAPL, AMAT, ARM, BGF, CAKE, CAT, COGO, CPSL, CREE, CSIQ, CTB, DELL, ERIC, EWI, EWJ, EXP, FTO, FXI, GA, GE, IWM, IYY, JASO, LDK, LEN, PBW, PBY, PEG, PTR, QQQQ, STX, T, UYG, WATG, WDC, WGW, X, XLU
  4. Trying to bottom out in this area: AXB, BNI, CSL, GPC, LOW, MCD, MFE, NWL, PEP, SYY, TOT
  5. Extremely oversold now: ACAS, DVY, ERIE, GM, GOOG, LUFK, MEOH, MER, VFC
  6. Standard oversold: $HGX, ACH, BAC, BMY, C, CNK, KBE, KO, LMT, MTH, PNRA, SHLD, WSO
  7. Moderately oversold now: GIS, MMC, NTES, PAYX, PG
  8. Attempting to hold the 65 DMA here: USB
  9. Moderately overbought: $GOLD, GLD, RGLD
  10. More later. Anything here could be off base.

Wednesday, October 8, 2008

"How to Ruin the US Economy"

That should do it.

"Edge of the Abyss"

Click on the link above for a good read on how and why we are in such a financial dusaster.

Blood in the Streets. T.A. update for 10/8/2008.

  1. Yi: -5
  2. Now in "waterfall declines" or "reverse parabolic arcs", which normally means some type of bottom is getting very close at hand: $CRB, $IIX, $SOX, $SPX, $XOI, AA, AAPL, AMAT, B, BGF, CLF, CSIQ, EWI, FXI, GF, GLW, GOOG, IWM, IYY, JASO, LDK, LUFK, MEOH, MOT, NWL, PBW, PEG, PLL, PTEN, PTR, QQQQ, ROK, SDTH, STX, SU, TAN, TIE, TOT, TSL, UGP, USD, V, WATG, WDC, WFR, X, XLU
  3. Possible bottom here for: $PLAT, FXF, NOK, SLV
  4. Trying to bottom out in this area: AEM, CTB, EEFT, EGO, IFN, KGC, SEED
  5. Extremely oversold now: $WTIC, ASA, COGO, ELN, GE, GFI, IBM, MTH, NEM, T
  6. Moderately oversold: ACF, ERIE, PEP, PHI, WY
  7. Trying to hold the 65 DMA here: PBCT
  8. Extremely overbought now: $USD
  9. Anything posted here may be off base.

Tuesday, October 7, 2008

Monday, October 6, 2008

T.A. Update for Oct. 7, 2008.

  1. Yi: -5 (Two days in a row at -5, indicates the market is extremely oversold now)
  2. Possible bottom here for: B, BNI, CBK, CDE, CLF, CPSL, PGM, SU
  3. Trying to bottom out in this area: $IIX, $SOX, $XAU, $XOI, AA, AAPL, AMAT, ASA, CAT, CSIQ, ERIC, FTO, NEM, PTEN, X
  4. Extremely oversold now: $DJX, AKNS, ARM, BA, BGF, BZP, EWA, EWI, EWJ, EXP, FTO, FXI, GLW, IFN, IYY, JASO, LDK, MEOH, MOT, NOK, QQQQ, SDTH, SEED, SKS, STX, SUN, TAN, TIE, TOT, TSL, UGP, USD, UYG, V, WDC, WOR
  5. Standard oversold: ABX, ACAS, AXB, CAKE, CREE, CSL, EEFT, EGO, GE, GG, GPC, IDA, JNJ, KGC, LEN, LOW, LUFK, MSCC, NAT, NTES, NWL, OGE, PAYX, PEG, PTR, ROK, SPWRA, TPX, TSM, VFC, WHR
  6. Moderately oversold: $HGX, AVP, C, CNK, DVY, MCD, MTH, NST, OCR, PEP, PLL, SHLD, SYY
  7. Attempting to hold the 28 DMA here: GIS and USB
  8. Attempting to hold the 65 DMA: BPOP, KFT, MBI, PG, WY
  9. Possible top here for the $VXO
  10. Going parabolic (which usually means a top is near): $VXO and QID
  11. And as is always the case, anything posted here may be off base.

Another good cluster you-know-what read.

T.A. update for Oct. 6, 2008.

  1. Yi: -5
  2. Trying to bottom out in this area: CLF, FXF, GFI, GG, GLW, IRF, KGC, NOK, PGM, PLL, QCOM, SLV
  3. Extremely oversold: $CRB, $XAU, AAPL, B, CDE, EGO, ERIC, GDX, MEOH, PPW, SU, TOT, WATG, WFR, X
  4. Standard oversold: AEM, ASA, BA, BNI, BZP, IBM, IWM, NEM
  5. Moderately oversold: LMT, MFE, PNRA, TLB, WSO
  6. Attempting to hold the 28 DMA here: $GOLD, CEF, GLD, RGLD
  7. Attempting to hold the 65 DMA: ACF, GTU, MMC, RGLD
  8. Moderately overbought: MER and USB
  9. Standard overbought: $USD
  10. Anything posted here may be off base.

Friday, October 3, 2008

How the S.E.C. changed the game in 2004.

So clearly the S.E.C. was one of the "enablers".

T.A. update for Oct. 3, 2008.

  1. Yi: -4.5
  2. Standard oversold: COGO
  3. Trying to hold the 65 DMA: SHLD
  4. Trying to break above the 28 DMA: CNK and NST
  5. Moderately overbought now: KFT, KO, PG
  6. Standard overbought: C
  7. A break out in either direction is on the way for: PBY
  8. Anything posted here may be off base.

Thursday, October 2, 2008

The "wingnuts" strike again.

More insane behavior, suspending mark-to-market accounting.

VIX extremes.

More B.S.

Andrew J. Bacevich tells it like it is.

Click on the above link to listen to or read some cold hard reality thinking about our current pathetic situation in this country.

Wow, what a bust!

T.A. update for Oct. 2, 2008.

  1. Yi: -3
  2. Possible bottom here for: T
  3. Trying to bottom out in this area are: $PLAT, EGO, NEM, PEG, PPC
  4. Extremely oversold now: $PLAT
  5. Moderately oversold: ACF, ASA, ERIE, FXF, GPC, LUFK
  6. Attempting to hold the 28 DMA here: SLV
  7. Attempting to hold the 65 DMA: GFI, GLD, SYY, WHR, WSO
  8. Attempting to break above the 28 DMA: PAYX and TKR
  9. Anything posted here may be off base.

This is another good read by Jim Kunstler.

Like Abraham Lincoln, Barack Obama will have his hands full of problems.

Wednesday, October 1, 2008

T.A. update for October 1, 2008.

  1. Yi: -3
  2. Possible bottom here for: GA
  3. Trying to bottom out in this area: B, BA, CBK, CDE, CLF, ELN, FXI, JASO, MOT, PBW, ROK, STX, SU, TIE, TOT, UGP, WATG, X
  4. Extremely oversold now: $IIX, $PLAT, $SOX, $VXO, $XOI, AA, ACH, AMAT, CAT, CSIQ, GF, GM, GOOG, NOK, PG, PTEN, QQQQ, SHI, SKS, SPC, TSL, USD, UYG
  5. Standard oversold: $CRB, $WTIC, AAPL, AKNS, BGF, CAKE, ERIE, EWA, EWI, FTO, IYY, NEM, PEG, T
  6. Moderately oversold: $XAU, BNI, CSL, IDA, IRF, IWM, MKC, NAT, NWL
  7. Attempting to hold the 28 DMA here: ACF, AEM, AVP, BPOP, CREE, GDX, GG, GIS, KFT, PEP, TPX
  8. Attempting to hold the 65 DMA here: KBE, MCD, NST, OCR, PAYX, PNRA, SYY, VFC
  9. Moderately overbought now: KBW
  10. And as is always the case, anything posted here may be off base.