Now the good stocks are getting hit
Posted by Cire2222 on Jul 2, 2008
Now the good stocks are getting hit
Even as the market has been getting slammed there were some stocks that would rally strong like the market was just fine. The past few days these stocks have begun to falter. below are a handful of these stocks. Is it a buying op for these stocks or is nothing safe for longs?
Sea Change? Top in Oil?
Posted by Cire2222 on Apr 13, 2008
Doing some scanning and reviews of multiple markets I saw a few things that got me interested in a few markets that have to do with one another. Those markets are Oil, Gold and the united states Dollar (wheat,soybeans and corn as secondary markets) I am not one to try to call tops but every now and then I think its worth a shot in the dark for an attempt at some big potential profits. So im going to attempt to call this the top in oil. Oil, gold and the dollar don’t always trade hand in hand but they do have a big relationship. We have already seen Gold put in a big reversal move (that we nailed here @ tb.com 
) and to me it still looks bearish. We have also seen a couple of the grains (wheat and soybeans) come down well off thier highs, the last leg is Oil and the dollar then we will see a complete Sea change in this recent massive bull run in commodities. How can you play this? If you don’t trade futures you can trade ticker USO ( see chart below) for oil, GLD for gold and there are some stocks too such as CVX, RIG, SLB, DO, GG, AUY etc. Below you can see some charts in regards to this matter. I would expect this to being in the next 5-10 days. If Im wrong I expect to be VERY wrong.
Chart from MC days ago in regards to the DOW/Gold relationship
USO chart with a reverse symetrical triangle and bearish divergence
Tuesday night 4/8/08
Posted by Cire2222 on Apr 8, 2008
Not much changed today for our swing outlook so I will keep it Simple
S&P futures - I still think we move down a bit more before any attempt at a breakout move
Gold- Todays short in gold worked out well we were able to cover near the lows. As i posted in the forum tonight we are trading in the 920’s again and I think it is another good short entry for gold
EUR/USD- Still in wedge with a bearish bias.
USD/CHF- Still in wedge with bullish bias
USD/CAD- Least favorite of the forex trades is this pair short, has been too choppy
Stocks: I have posted the charts for many stock charts in the forum, INTC , CVX and BIDU were shorts mentioned yesterday, X is a new short that I like here as i think it may be over done short term. These should all have fairly tight stops.
