Pages

Stockcharts

. Charts in this Blog are powered by Stockcharts.com. Click thru it to compare with the latest chart on Stockchart.com.
. Charts are mined and selected from MarketClub'sproprietary SMARTScan & Trade Triangle technology.
. Notes & Labelings are entirely the Blog author's.In the spirit of community sharing.

Tweet

Wednesday, March 27, 2013

Afghanistan : Mission over so also the market !

The logic of no logic applies here.

To send the troops home is to say the mission is over.
The threat is over.
Whatever needs to be done is done.

This to me weirdly signifies a market top.
And the charts does says it too.
Look at Dow, look at Nikkei...Look at Footsie.

Combine that with US$ bullishness....and a toppish Dow
Gold is a side story...a sidekick that will be kicked out.

Mission over means threat is over means no danger means no risk
No risk means no use for Gold

Plus US$ strength will give confidence to the market
No need for gold
And US oil will pare the treasury debt down.

US oil production is a game changer in US$ economics

A major top is in the making.
Scenery is changing.
From $US dollar bear to $US dollar Bull
US housing recovery -> foreign investment ?

This article is supporting US$ bullish case.
US imports less oil now comped to before
US now produce more oil than the middle east.

Now US becomes a variable in Oil production (supply)
While at the same time controls the US$

And currencies are relative to one another
If both are weak, the less weak is actually stronger than the weaker,
In this case US$ is stronger than Euro.

http://www.fool.com/investing/general/2013/03/22/americas-next-boom.aspx

Saturday, March 23, 2013

FXB : British Pound ETF : Bullish play

1 week of Bullish high volume
With prices in consolidation.
What a built up ! I would think ...

Resistance of $150 has become support.
In an ascending triangle on rising volume.

Target $154.
April call strike $150 is $1.60
April call strike $151 is $1.05 (preferred)

Other commentary
DIA wave 5 up.
Dollar down, other currencies up paired to it.

Confidence : Hi
Probability : Hi