T.A. update for the open, February 27, 2009.

1. Yi: -4.5
2. Trying to bottom out in this area: ABX and AVP
3. Standard oversold now: FSLR and SYY
4. Moderately oversold now: $VIX, $XAU, CNK, KGC, SHI, UGA
5. Trying to hold the 28 DMA here: $VXO, GLD, SSRI
6. Trying to hold the 65 DMA: $XAU, ASA, CNK
7. Trying to break above the 28 DMA: $SOX, CAKE, CHK, EXP, GLW
8. Trying to break above the 65 DMA: $SOX, AEM, CAKE, CHK, EXP, SU, WFR
9. Moderately overbought now: $USD and FCX
10. A break out in either direction is on the way for: STX
11. Anything posted here may be off base.

Late afternoon update, Feb. 26, 2009.

1. Trying to bottom out in this area: MFE, PLG, TIE
2. Standard oversold now: LMT
3. Moderately oversold: KGC and RGLD
4. Attempting to hold the 28 day moving average here: SLV
5. Attempting to break above the 28 DMA: KBE, MEOH, SKS, T, USB, WFC, WSO, WY, XLF
6. Attempting to break above the 65 DMA: MKC, STX, USD
7. Anything posted here may be off base.

T.A. update for the open, February 26, 2009.

1. Yi: -4
2. Possible bottom here for: $DJW
3. Trying to bottom out in this area: BGF, ELN, EWI, EWJ, GE
4. Moderately oversold now: $NYA50R weekly chart, ABX, AVAV
5. Attempting to hold the 28 DMA here: ACH, ASA, EGO, GG
6. Attempting to hold the 65 DMA here: $XAU and F
7. Attempting to break above the 28 DMA here: BAC and BBT
8. Attempting to break above the 65 DMA here: AMAT
9. Anything posted here may be off base.

Noon update for Feb. 25, 2009.

1. Possible bottom in this area for: CPSL, CSIQ, CTB, EWI, EWJ, FRO, GE, GF
2. Trying to bottom out here: CSCO, DDM, DVY, ERIE, GIS, GPC, IWM, IYY, KFT, LUFK, MMC, OGE, PAYX, PG, PLL, PTEN, QQQQ, ROK, SU, TTKR, USD, UYG, WSO, XLU, XOP
3. Standard oversold at this point: MBI, OGE, PLG, PLL
4. Moderately oversold: COGO, CREE, SWK, TPX, TSL
5. Attempting to hold the 28 day moving average: CNK, GDX, GFI, NEM, PGM, SLW, STX, WGW
6. Attempting to hold the 65 day moving average: CSL, ERIC, GG, RGLD, SSRI
7. Attempting to break above the 28 day moving average: GM, LEN, MSCC
8. Attempting to break above the 65 day moving average: EEFT and F
9. A break out in either direction is on the way for: PHI
10. Anything posted here may be off base.

T.A. update for the open, February 25, 2009.

1. Yi: -3.5 (So once again, the -5 Yi area proved to be an area of support for the stock market.)
2. Probable bottom here for: ACAS, AKNS, BPOP
3. Possible bottom in this area for: $CRB, $OEX, $XOI, AA, AVP, AXB, AXP, BMY, CAT
4. Trying to bottom here: AAPL, ACF, ARM, BA, BNI
5. Extremely oversold now: $DJX and B
6. Moderately oversold: ACH, CHK, CLF
7. Attempting to hold the 65 day moving average: AVAV
8. Standard overbought at this level: The $GOLD weekly chart.
9. More later if the time is available. Anything posted here may be off base.

Early afternoon update for Feb. 24, 2009.

1. Trying to bottom out in this area: EXP, FRO, GF, GLW, IFN, LOW, MTH, NM, PBW, PLL, SUN, WHR, WY
2. Extremely oversold here: EWI, LDK, TAN, TKR, USD, WOR, X
3. Standard oversold at this point: GF, KFT, LUFK, MCD, MMC, PBW, SEED, SWK, TIE, TSL, XLU
4. Moderately oversold now: IBM, MFE, MKC, MSCC, NAT, NST, PLL, QCOM, QQQQ, SPWRA, STX, SYY, TOT
5. Trying to hold the 28 day moving average here: FCX, NTES, VFC, WATG
6. Trying to hold the 65 day moving average: IBM, KGC, SHI, UGP, WDC
7. Trying to break above the 65 DMA here: F and PNRA
8. Trying to break above the 65 DMA: QID and SDTH
9. Anything posted here may be off base.

T.A. update for the open, February 24, 2009.

1. Yi: -5
2. Trying to bottom out in this area: $HGX, BAC, C
3. Standard oversold: $HGX and ELN
4. Now trying to hold the 28 DMA: $USD
5. Trying to hold the 65 DMA: CBK
6. More later. Anything posted here may be off base.

T.A. update for the open, February 23, 2009.

1. Yi: -4.5 (The market is becoming oversold again in this area.)
2. Possible bottom here for: BBT
3. Trying to bottom out in this general area: $DJX, $OEX, $SPX, AMAT, AXB, BGF, BMY, CAT, CSIQ, DELL, FSLR, IRF, JASO, KBE, LDK, T, X, XLF
4. Extremely oversold now: AA, ACAS, AKNS, AXP, C, GM, GPC, TKR, URE, UYG, WHR, WY
5. Standard oversold: $HGX, $XOI, ACF, AVP, BNI, IDA, IWM, IYY, SUN, TAN, USD, WOR, XOP
6. Moderately oversold now: $SOX, AAPL, ACH, CLF, ENER, EWA, EXP, LUFK, MCD, MTH, OGE, WSO
7. Going parabolic: GLD and GTU
8. Attempting to hold the 28 day moving average here: SSRI and WDC
9. Attempting to hold the 65 DMA here: TSM
10. Anything posted here may be off base.

P/E ratio volatility channel for the US stock market.

According to previous bear market lows, we may have further to go on the downside before a real recovery begins.

Very interesting read from Dmitry Orlov about our potential future.

Please click on the link above.

Late afternoon update, Feb. 20, 2009.

1. Trying to bottom out in this area: IDA
2. Extremely oversold now: BAC, CAT, CSIQ, DELL, DVY, FRO, KBE, LDK, LOW, NM, NOK, NWL
3. Standard oversold: AXB, BA, CSCO, DDM, IFN, JASO, LEN, MTH
4. Moderately oversold: BGF, ERIE, EXP, IWM, JOSB
5. Attempting to hold the 28 DMA here: CNK, CREE, GOOG, OCR
6. Attempting to hold the 65 DMA: GLW
7. Attempting to break above the 28 DMA: B
8. A break out in either direction is on the way for: GA
9. Anything posted here may be off base.

T.A. update for the open, February 20, 2009.

1. Yi: -4
2. Probable bottom here for: ARM
3. Trying to bottom out in this area: $CRB, $WTIC, $XEU, $XOI
4. Extremely oversold now: $CRB
5. Attempting to hold the 28 DMA here: ACH
6. Attempting to hold the 65 DMA here: $IIX
7. Possible top here for: $GOLD
8. Toppy at this point: $PLAT, $USD, $XAU
9. More later. Anything posted here may be off base.

Late afternoon update, Feb. 19, 2009.

1. Trying to bottom out in this area: C, CAKE, EEFT, EWI, EWJ, FRO, GIS, IFN, IYY, JASO, PTR, SKS, SU, UGA
2. Extremely oversold: PTEN, USB, WFC
3. Standard oversold: C, FXF, LOW, T, X
4. Moderately oversold: BMY, OGE, PBW, PEG, PNRA, TIE, UGA, WOR, XLU, XOP
5. Attempting to hold the 65 day moving average: CBK, CHK, CLF, IRF, QQQQ, SPWRA, TPX, VFC
6. Trying to break above the 28 day moving average: PBY
7. Trying to break above the 65 day moving average: MBI and PEP
8. Standard overbought: HMY and WGW
9. Toppy here: GDX, GFI, PGM, SLV
10. Anything posted here may be off base.

T.A. update for the open, February 19, 2009.

1. Yi: -3.5
2. Standard oversold: $DJW, $DJX, $OEX, $SPX, $XEU, AMAT, AXP, B
3. Moderately oversold now: $XOI, AVP, BA
4. Attempting to hold the 28 day moving average here: $IIX, ABX, AEM
5. Attempting to hold the 65 DMA: $SOX, AAPL, ACH
6. Attempting to break above the 65 day moving average here: $VIX and the $VXO
7. Standard overbought now: $GOLD, $PLAT, $USD
8. Toppy here: ASA
9. More later if I have the time. Anything posted here may be off base.

Late day update, Feb, 18, 2009.

1. Trying to bottom out in this area: F and FXF
2. Standard oversold now: CSIQ, DVY, EEFT, EWI, EWJ, FRO, GE
3. Moderately oversold: CSCO, EWA, FXI, GF
4. Attempting to hold the 28 day moving average: FCX, GLW, GOOG
5. Attempting to hold the 65 DMA: ENER, EXP, FSLR
6. Standard overbought now: GFI
7. Toppy here: CEF and GG
8. Anything posted here may be off base.

T.A. update for the open, February 17, 2009.

1. Yi: -3.5
2. Extremely oversold now: BBT
3. Attempting to hold the 28 day moving average here: COGO
4. Toppy here: CEF
5. More later. Anything posted here may be off base.

Late morning update for Feb. 17, 2009.

1. Trying to bottom out in this general area: CSIQ and LEN
2. Attempting to hold the 28 day moving average here: IBM
3. Attempting to hold the 65 day moving average: ELN, JOSB, LPL, MKC, MTH, SHI, SSRI
4. Trying to break above the 28 day moving average: NAT, NST, WATG
5. A break out in either direction is on the way for: PNRA and TSL
6. Anything posted here may be off base.

T.A. update for the open, February 17 2009.

1. Yi: -2
2. Possible bottom here for: AKNS
3. Trying to bottom out in this general area: AA, AXP, BA
4. Moderately oversold: AMAT and BNI
5. Moderately overbought now: $USD, $XAU, AVAV
6. Standard overbought: ASA and CEF
7. Toppy here: $BDI and $GOLD
8. A break out in either direction is on the way for: C
9. More later if I have the time. Anything posted here may be off base.

T.A. update for the open, February 13, 2009.

1. Yi: -1.5
2. Possible bottom here for: KFT
3. Trying to bottom out in this area: AMAT, CAT, DDM, DELL, DVY, EEFT, EWI, EWJ, GIS, IDA, KBE, LOW, MOT, NOK, NWL, PG, ROK
4. Extremely oversold now: BPZ and SKS
5. Standard oversold: AA
6. Moderately oversold: $HGX, $OEX, $SPX, AXP, B, FRO, GPC, IWM, LEN, LMT, MCD, RGLD, SDTH, SHLD
7. Now trying to hold the 28 day moving average: $IIX, $XOI, ERIC, NM, PAYX, QQQQ, SHI
8. Now trying to hold the 65 day moving average: BMY, NTES, PLL, QCOM, SPWRA
9. Trying to break above the 28 DMA: ACF
10. Trying to break above the 65 DMA: $WTIC
11. Moderately overbought now: $BDI, $PLAT, NEM
12. Standard overbought now: $GOLD, GLD, GTU, PGM, SLV
13. Anything posted here may be off base.

Munger on Pain

"Sensible reform cannot avoid causing significant pain..."

Click on the title link above for more.

T.A. update for the open, February 12, 2009.

1. Yi: -1.5
2. Trying to bottom out in this area: BPOP and KFT
3. Standard oversold now: BBT, EWJ, PG
4. Moderately oversold: $DJX, BA, EEFT, IDA, LOW
5. Now trying to hold the 28 day moving average: $SOX, AVAV, CLF, ELN, LPL, LUFK, MKC, PLG, SSRI
6. Now trying to hold the 65 day moving average: $XOI, VFC, XLU
7. Now trying to break above the 65 day moving average: MMC
8. Moderately overbought here: UGA
9. A break out in either direction is on the way for: $DJW and PNRA
10. Anything posted here may be off base.

Dr. Doom & The Black Swan

This is a good one to listen to. Click on the link above.

T.A. update for the open, February 11, 2009.

1. Yi: -2
2. Standard oversold: KFT and TKR
3. Moderately oversold: GIS, KO, MCD, PEP, PG, SUN, T
4. Trying to hold the 28 DMA here: LPL, MKC, NEM, OCR, PAYX, PEG, SHI, SLW, TPX, TSL, WGW
5. Trying to hold the 65 DMA here: $USD, FXI, PHI, RGLD
6. Trying to break above the 28 DMA: JASO and WATG
7. Trying to break above the 65 DMA: JASO
8. Moderately overbought: ELN and ENER
9. A break out in either direction is on the way for: BGF
10. Anything posted here may be off base.

T.A. update for the open, February 10, 2009.

1. Yi: 0 (So once again, the Yi zero area acted as a point of resistance or support for the market.)
2. Possible bottom here for: LDK
3. Standard oversold now: QLD
4. Trying to break above the 28 day moving average: $DJW, $DJX, $OEX, AXP, CSIQ, CTB, DDM, EWI, GF, IWM, IYY, KBE, MCD, MSCC, NST, PTEN, T, TAN, WY, XLF
5. Now trying to hold the 65 day moving average: $DJW, LMT
6. Now trying to break above the 65 day moving average: $SPX, AVP, CSIQ, EWA, IWM, LUFK, MBI, PBW, PBY, PTEN, TAN, TLB, TSL, WFR, WOR, WSO
7. Moderately overbought here: $HGX, $SOX, $XOI, AVAV, BMY, CLF, CNK, CREE, CSL, ERIC, GLW, IBM, IFN, LEN, NTES, OGE, PAYX, PGM, PLL, PTR, QQQQ, SHI, SWK, TIE, TOT, TSM, UGP, USD, XOP
8. Standard overbought: GOOG
9. Toppy here: $IIX, COGO, CREE, EXP, FCX, GLW, MTH, PHI, SLV, V, WDC
10. A break out in either direction is on the way for: ERIE
11. Anything posted here may be off base.

T.A. update for the open, February 9, 2009.

1. Yi: 0
2. Possible bottom here for: BBT, BPOP, DVY, GE, MOT, NWL, PG, SKS, URE
3. Trying to bottom out in this general area: $XEU, C, KFT
4. Standard oversold now: AKNS and BPZ
5. Moderately oversold: FXE
6. Now trying to hold the 65 day moving average: BGF and SUN
7. Now trying to break above the 28 day moving average: AXB, CBK, ENER, EWA, NOK
8. Now trying to break above the 65 day moving average: $SPX, BNI, CTB, IYY, SDTH, SEED
9. Moderately overbought now: $IIX, $XAU, ABX, ACH, ASA, CHK, EXP, FCX, FSLR, FXI, GDX, GG, PHI, V
10. Standard overbought here: COGO and MTH
11. A break out in either direction is on the way for: F, FRO, MCD, PNRA
12. Anything posted here may be off base.

T.A. update for the open, February 6, 2009.

1. Yi: -1.5
2. Possible bottom here for: $CRB, KBE, PTEN
3. Now trying to bottom out in this area: BAC, BPOP, GM, MEOH, PG, USB, UYG, XLF
4. Extremely oversold now: BAC
5. Standard oversold: MOT
6. Moderately oversold: KFT and MFE
7. Now attempting to break above the 28 day moving average: ACH, SPWRA, WOR
8. Now attempting to break above the 65 day moving average: $HGX, BA, CSCO, NTES, STX, SU, WFR
9. Moderately overbought in this area: $GOLD Weekly, CEF, EGO, ERIC, GTU, LPL, NM, PLG, SHI
10. Standard overbought now: WDC
11. A possible top in this area for: COGO
12. A break out in either direction is on the way for: EEFT and TSL
13. Anything posted here may be off base.

T.A. update for the open, February 5, 2009.

1. Yi: -2.5
2. Trying to bottom out in this area: $WTIC, ACAS, BBT, CPSL, EXP, GE
3. Now trying to hold the 28 day moving average: PEG and RGLD
4. Now attempting to hold the 65 DMA: IDA
5. Now trying to break above the 28 DMA: $HGX, BNI, CBK, CLF, FXI, LEN, LUFK, NST, SDTH, SHI, STX, WY
6. Now attempting to break above the 65 DMA: AMAT, AVP, CHK, GA, GF, PAYX, PBW, TIE, TOT, USD
7. Moderately overbought now: AAPL, ELN, GLW, MTH, PHI
8. Standard overbought: MKC
9. A break out in either direction is on the way for: BPZ
10. Anything posted here may be off base.

T.A. update for the open, February 4, 2009.

1. Yi: -2
2. Trying to bottom out in this area: $CRB, $DJW, $DJX, $SPX, AA, ACF, AMAT, AXB, B, CAT, CLF, CSL, DDM, DELL, EWA, EWI, EWJ, GF, GPC, IYY, LDK, LOW, NOK, PBY, PEP, PG, PTEN, PTR, SDTH, SHLD, SU, TAN, WFR, WHR, WSO, WY
3. Extremely oversold: GM
4. Moderately oversold: $WTIC
5. Now trying to hold the 28 DMA: $XAU, $XOI, ABX, NEM, PGM
6. Now trying to hold the 65 DMA: AAPL and JOSB
7. Toppy here: COGO
8. Anything posted here may be off base.

T.A. update for the open, February 3, 2009.

1. Yi: -3
2. Trying to bottom out in this area: $XEU, AKNS, CBK, CPSL, CSCO, CTB, DVY, KBE, MMC, NWL, PBW, PTEN, SKS, URE, UYG, XLF
3. Extremely oversold now: ACAS, ARM, BPOP, NWL, PTEN
4. Standard oversold: AA, ACF, CAT, DELL, GM, GPC, LOW, PG, ROK, WY
5. Moderately oversold: $DJX, $HGX, $OEX, $SPX, AMAT, AXB, B, BBT, CSL, DDM, ERIE, EWA, EWI, EWJ, EXP, FROFXF, GF, IWM, IYY, PEP, PTR, SHLD, SU, SWK, TAN, TIE, USD, WFR, WOR, WSO, X
6. Trying to hold the 28 DMA here: $IIX, AEM, ERIC, GIS, GLW, OCR, PEG, SLW, SUN, UGA
7. Trying to hold the 65 DMA: $SOX, CAKE, FCX, LMT, MFE, MOT, PLL, PNRA, TPX, TSM, UGP
8. Trying to break above the 28 DMA: $VXO, NST, NTES, PAYX, PHI, V
9. Toppy here: $USD
10. Anything posted here may be off base.

T.A. update for the open, February 2, 2009.

1. Yi: -3
2. Extremely oversold now: CAT and MEOH (meow!) lol
3. Standard oversold: ACAS and WHR
4. Moderately oversold: $XEU, T, TKR
5. Now trying to hold the 28 DMA: AVAV, KFT, MOT
6. Now trying to hold the 65 DMA: BMY, BPZ, CNK, QCOM, SHI
7. Now trying to break above the 28 DMA: SEED and STX
8. Now trying to break above the 65 DMA: NTES
9. Moderately overbought here: $USD, GTU, PGM, RGLD, UGA
10. Standard overbought: GLD, SLV, WDC, WGW
11. Toppy here: GFI, GOOG, HMY
12. Anything poisted here may be off base.