tag:blogger.com,1999:blog-78516684838964875302024-03-13T07:40:37.537-07:00SAILING MARKETSAnalysis of stocks and worldwide indexes. The securities included are those which have a good fundamental reason to buy them.
The objective is discussing and sharing analysis and opinions on the economy and certain securities.Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-7851668483896487530.post-67592491411580177992010-03-30T19:44:00.000-07:002010-04-03T16:28:06.564-07:00New URL for this BlogSailing Markets has moved to the <a href="http://tradingeffect.blogspot.com/"><b>Trading Effect</b></a> blog with all the previous posts and valuable comments.<div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-69944848639621618602010-03-28T19:53:00.000-07:002010-03-28T19:53:20.335-07:00PFE: update<div class="separator" style="clear: both; text-align: left;">Price/(book value): 2.08</div><div class="separator" style="clear: both; text-align: left;">Annual EPS growth (last 3 years): 7 % / DEC/2009 (quarter) vs June/2009 (quarter): -13%</div><div class="separator" style="clear: both; text-align: left;">Revenue growth Dec/2009 vs Sep/2009: -51%</div><div class="separator" style="clear: both; text-align: left;">Dividend yield: 4.2%</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S7AS4RDGppI/AAAAAAAAAnU/l9XFxWlNF3U/s1600/pfe+daily.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="184" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S7AS4RDGppI/AAAAAAAAAnU/l9XFxWlNF3U/s320/pfe+daily.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
<a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S7AS_fEO8GI/AAAAAAAAAnc/b9tU4l147r0/s1600/pfe+intra.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="188" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S7AS_fEO8GI/AAAAAAAAAnc/b9tU4l147r0/s320/pfe+intra.jpg" width="320" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-80899942172770007872010-03-28T19:04:00.000-07:002010-03-28T19:05:57.459-07:00GE - General Electric<div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">It has one of the lowest Price/book value of the DOW's companies. </div><div class="separator" style="clear: both; text-align: left;">The annual rate of growth in the EPS in the last 3 years is negative, -18%. (and it has decreased 53% from dec/2007 to dec/2009).</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Total Debt to equity: 4.35. One of the highest of the DOW JONES.</div><div class="separator" style="clear: both; text-align: left;">Annual revenue growth (dec/2008 vs dec/2009): -14%. But from March/2009 to Dec/2009, revenue increased 8%.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Dividend yield: 2.5%.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Weekly chart:</div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S7AEp5KJZYI/AAAAAAAAAm8/-rxdJsVYKcs/s1600/GE.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S7AEp5KJZYI/AAAAAAAAAm8/-rxdJsVYKcs/s320/GE.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"></div><div style="text-align: left;"><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><br />
</div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Daily charts:</div><div><br />
</div></div><br />
<a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S7AExlwUVkI/AAAAAAAAAnE/Vkxb1DjIrgc/s1600/GE+-+SC.com" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="254" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S7AExlwUVkI/AAAAAAAAAnE/Vkxb1DjIrgc/s320/GE+-+SC.com" width="320" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"></div><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S7AE5hryU9I/AAAAAAAAAnM/sbH9kjqlsSw/s1600/GE-+daily.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S7AE5hryU9I/AAAAAAAAAnM/sbH9kjqlsSw/s320/GE-+daily.jpg" /></a><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-6941057183659187332010-03-25T20:37:00.000-07:002010-03-25T20:37:45.962-07:00GOLDThis is one of the elliot wave counts and patterns that I am following in Gold. May be this is a good risk-reward opportunity to go long on gold, considering that the US Dollar is at very high levels and (in my humble opinion) finishing the last impulse (wave 5).<br />
<br />
Weekly chart:<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S6wrOn_qwLI/AAAAAAAAAmk/GgeimNeMrI8/s1600/gold.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="252" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S6wrOn_qwLI/AAAAAAAAAmk/GgeimNeMrI8/s320/gold.jpg" width="320" /></a></div><br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S6wrYSfo5hI/AAAAAAAAAms/K0sqHnlMw98/s1600/gld+week+count.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S6wrYSfo5hI/AAAAAAAAAms/K0sqHnlMw98/s320/gld+week+count.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Daily Chart:</div><div class="separator" style="clear: both; text-align: center;"><br />
<a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6wrs11Lp_I/AAAAAAAAAm0/xOeEsAAJam4/s1600/daily+gold.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="185" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6wrs11Lp_I/AAAAAAAAAm0/xOeEsAAJam4/s320/daily+gold.jpg" width="320" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-1790719018179236512010-03-25T15:19:00.000-07:002010-03-25T15:21:47.745-07:00C: Target reachedToday C reached the objective of 4.34 (EMA 200). I have this tentative elliot structure in the intraday chart...<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6vgQiwN9cI/AAAAAAAAAmM/r6pGRQqCvXA/s1600/C+intra.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="173" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6vgQiwN9cI/AAAAAAAAAmM/r6pGRQqCvXA/s320/C+intra.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">In the daily chart, this is the structure. Notice the divergences in the RSI. This divergence at least tell us that we should not go long here... but the EMA's tell that we should not go short too. The 200 daily EMA is the next resistance (4.34) . In addition huge volume today.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6vgf_bwayI/AAAAAAAAAmU/kigpUzx5fUo/s1600/c.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="256" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6vgf_bwayI/AAAAAAAAAmU/kigpUzx5fUo/s320/c.jpg" width="320" /></a><br />
<br />
<br />
3 days frequency chart: notice the resistance in the 23.6 % fibonacci retracement (4.40)<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6vhuakOjCI/AAAAAAAAAmc/He-y6o49wvE/s1600/c+3+days.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="184" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S6vhuakOjCI/AAAAAAAAAmc/He-y6o49wvE/s320/c+3+days.jpg" width="320" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-62376173609664751882010-03-16T19:45:00.000-07:002010-03-17T05:07:13.999-07:00Euro-UsdYes, the signal it is not clear enough, but may be the next coming days we will understand. This could be more fuel to the market rally, (if it breaks the channel).<br />
<br />
<b>EURO-USD weekly chart - Fibo's: </b><br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S6BBD3zh5wI/AAAAAAAAAl0/Sa4pZ2sZj9s/s1600-h/eur-usd+week.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S6BBD3zh5wI/AAAAAAAAAl0/Sa4pZ2sZj9s/s400/eur-usd+week.jpg" width="400" /></a></div><br />
<br />
<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><b>EURO-USD daily chart - Fibo's: </b></div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><b><br />
</b></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S6BBa9A-BaI/AAAAAAAAAl8/MiYoD_r-w4g/s1600-h/eur-usd+day.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S6BBa9A-BaI/AAAAAAAAAl8/MiYoD_r-w4g/s400/eur-usd+day.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Let's see what's happening in the FXE:</div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><b><br />
</b></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S6BBrWeousI/AAAAAAAAAmE/dQOs9lDv6lQ/s1600-h/fxe.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S6BBrWeousI/AAAAAAAAAmE/dQOs9lDv6lQ/s400/fxe.jpg" width="400" /></a></div><div><b><br />
</b></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-51857566476785330942010-03-15T20:11:00.000-07:002010-03-28T20:34:38.088-07:00PFE: watch-list<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S572iadxQwI/AAAAAAAAAlc/tNV_3l14MC8/s1600-h/pfe+month.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="232" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S572iadxQwI/AAAAAAAAAlc/tNV_3l14MC8/s400/pfe+month.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S572qYkxwNI/AAAAAAAAAlk/7m8Utqt_Cbw/s1600-h/pfe+week.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="317" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S572qYkxwNI/AAAAAAAAAlk/7m8Utqt_Cbw/s400/pfe+week.jpg" width="400" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S572yLNJP2I/AAAAAAAAAls/oroly6avDLU/s1600-h/pfe+daily.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="317" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S572yLNJP2I/AAAAAAAAAls/oroly6avDLU/s400/pfe+daily.jpg" width="400" /></a><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-15039070777789212772010-03-14T20:20:00.000-07:002010-03-14T20:20:47.496-07:00IWM: BullNotice how the Russell 2000 broke the key resistance.... but we can expect a pullback this week. The target is 74.55. Amazing the rally of this index.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S52nfundiuI/AAAAAAAAAlU/GMs3kdiqLLs/s1600-h/iwm.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="317" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S52nfundiuI/AAAAAAAAAlU/GMs3kdiqLLs/s400/iwm.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-43509332729467413782010-03-14T16:43:00.000-07:002010-03-14T16:43:03.582-07:00XOM: UpdateWe had a buy signal some days ago. Look the interesting pattern that is developing. I am not sure but looking at the volume decreasing during the formation of the triangle and the break with relative high volume (a little high), I would guess that we have a change in the trend, at least in the short term. The target could be 71.5, where it is the 61.8% fibonacci retracement and where it fills the gap.<br />
In addition I suggest to look in the <a href="http://sailingmarkets.blogspot.com/search/label/XOM">previous post about XOM</a> where there is a long term perspective for the stock.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S51zomfzcQI/AAAAAAAAAlM/pvqvIBXONRQ/s1600-h/xom.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="317" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S51zomfzcQI/AAAAAAAAAlM/pvqvIBXONRQ/s400/xom.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-59730501552060760172010-03-14T14:43:00.000-07:002010-03-14T14:45:13.190-07:00Critical levels<div class="" style="clear: both; text-align: left;">To continue with the previous post in which we measure the SPX in euro, we notice the critical resistance reached.</div><div class="" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S51H5qCqifI/AAAAAAAAAk0/pAf9dteO9Uc/s1600-h/SPX-xeu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="272" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S51H5qCqifI/AAAAAAAAAk0/pAf9dteO9Uc/s400/SPX-xeu.jpg" width="400" /></a></div><br />
<br />
In the <a href="http://sailingmarkets.blogspot.com/2010/02/s-p-500-1222-possible_21.html">previous post</a> on the S & P 500, we highlighted a down trend-line that was acting as a resistance. But this red down trend-line have been broken. Then, I think 1222 in S & P are possible, but respecting the trend-line from 1962 (green dotted line). The green trend line cross 1222 in October 2010. <br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S51NUAqKxxI/AAAAAAAAAk8/0c_o-H77utQ/s1600-h/spx+usd+weekly.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S51NUAqKxxI/AAAAAAAAAk8/0c_o-H77utQ/s400/spx+usd+weekly.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Quarterly chart S & P 500:</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S51NUAqKxxI/AAAAAAAAAk8/0c_o-H77utQ/s1600-h/spx+usd+weekly.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"></a><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S51OOG0HzqI/AAAAAAAAAlE/MMBj02cCfYA/s1600-h/sp500+quarterly.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="228" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S51OOG0HzqI/AAAAAAAAAlE/MMBj02cCfYA/s400/sp500+quarterly.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-61702369893471766672010-03-13T20:14:00.000-08:002010-03-14T12:15:42.849-07:00DOW JONES: Fundamental Analysis<div class="separator" style="clear: both; text-align: left;">During February and March, we have received the last balance sheets of the DOW JONES components. Using the statistics of Yahoo Finance and the information available in my broker, I made some relationships and comparisons between them. In addition, I compare the situation now and some periods ago. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">First, lets take a look to the Current Price / Book value relationship. I am wondering why BA is so high, and the implications. AA, BAC, CVX, GE, DIS, JPM, KFT, T and TRV have good ratios.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S5wubCV7RfI/AAAAAAAAAj0/Cesy5o1SMeU/s1600-h/p+bv.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="233" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S5wubCV7RfI/AAAAAAAAAj0/Cesy5o1SMeU/s400/p+bv.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Now, here we compare the beta of each stock. Notice that sectors like energy (XOM & CVX), consumer goods (KO, KFT, PG), Services (MCD & WMT), telecomunications (VZ & T) and drugs manufactures (PFE, MRK & JNJ) have the lowest. This are the "defensives" companies. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S5wzh3CnbNI/AAAAAAAAAj8/BXCOpYziAWw/s1600-h/beta.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="238" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S5wzh3CnbNI/AAAAAAAAAj8/BXCOpYziAWw/s400/beta.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Now that we have some idea about how this companies could react to the crisis, let's take a look on how they reacted until now. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">First, the revenues and the E.P.S.: MRK, T, PFE, MCD, PG, T, VZ and WMT were little affected. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S5w2y4Z5_aI/AAAAAAAAAkE/8GKZ6ljorh4/s1600-h/revenue+vs+eps.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="222" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S5w2y4Z5_aI/AAAAAAAAAkE/8GKZ6ljorh4/s400/revenue+vs+eps.jpg" width="400" /></a></div><br />
<br />
<div>The E.P.S. growth vs. dividend growth (annual rate, from January 2007 to December 2009). It is interesting to notice the growth in the EPS of MRK, but this growth is not in relationship with the growth in dividend. Then, I would consider that an increase of dividends in MRK is something possible. MCD, PG, PFE and KFT are some companies in the same situation as MRK.</div><div><br />
</div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S5w5Z4NnBnI/AAAAAAAAAkU/wqdhtTP8wiE/s1600-h/Annual+EPS+growth.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="226" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S5w5Z4NnBnI/AAAAAAAAAkU/wqdhtTP8wiE/s400/Annual+EPS+growth.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Revenue year over year (2009 vs 2008) and quarter over quarter (DEC/2009 vs SEP/2009). Notice that revenues from BA, HPQ, JNJ,, MCD, MRK, TRV, PFE, T and VZ were not affected.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S5xUq6BNmNI/AAAAAAAAAkc/8tin2f31hvU/s1600-h/yoy+reve+qoq+rev.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="227" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S5xUq6BNmNI/AAAAAAAAAkc/8tin2f31hvU/s400/yoy+reve+qoq+rev.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Average annual revenue, income and E.P.S. (2007 = 100%). I add up the revenue, income and E.P.S. of the 30 companies and divided by 30, to obtain an idea of this key numbers and their evolution during 2008 and 2009:</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S5xdeOtbP2I/AAAAAAAAAkk/aszkJNHz9zQ/s1600-h/avg+eps+ni+rev+annual.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="232" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S5xdeOtbP2I/AAAAAAAAAkk/aszkJNHz9zQ/s400/avg+eps+ni+rev+annual.jpg" width="400" /></a><br />
<div><br />
</div><div><br />
</div><div>Average quarter revenue, income and E.P.S. (June 2009 = 100%):</div><div><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S5xeGAVOvPI/AAAAAAAAAks/FVTSp1nJL9Y/s1600-h/avg+eps+r+ni.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="232" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S5xeGAVOvPI/AAAAAAAAAks/FVTSp1nJL9Y/s400/avg+eps+r+ni.jpg" width="400" /></a></div><div><br />
</div><div><br />
</div><div><br />
</div><div></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-6792421520742657972010-02-26T20:03:00.000-08:002010-02-26T20:33:19.471-08:00DOW JONES: The bear caseThis rising wedge is something that is worrying me. The 200 daily exponential moving average is the key support (resistance in May 2009) and is the key point in which I definitely will wear the bear suit. Meanwhile, a trading range between 10.600 and 9.840. In addition, the US dollar in an uptrend is something that give power to the bears.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S4iYd7diCqI/AAAAAAAAAjs/QxVIVYwTaEI/s1600-h/indu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="317" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S4iYd7diCqI/AAAAAAAAAjs/QxVIVYwTaEI/s400/indu.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-27589198819759013842010-02-21T08:20:00.000-08:002010-02-21T09:06:24.470-08:00S & P 500: 1222 possible?This is one of the "road-maps" that I am following. It is possible?. Looking the previous posts, I think is something to be aware. I am not going short. The uptrend looks steady.<br />
<br />
<br />
I think we can not go against the trend despite the apparent fallacy of the bull market.<br />
<br />
I have been reading and listening a lot of reasons for the market to crash since Abril 2009. But the market does not listen to them. Then, I think them should listen to the market.<br />
<br />
The fiscal tightening of China could be interpreted like something positive for the market, because it means that the economy is growing more than expected (!!!)<br />
<br />
The systemic risk and the possibility of radical and political changes is something that were present in 2009 (and the market went UP UP UP).<br />
<br />
Then, from the fundamentals, I think there is room for growth.<br />
<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S4FdL7fGpbI/AAAAAAAAAjk/_yiXOjp8zZ4/s1600-h/spx+ell.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="318" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S4FdL7fGpbI/AAAAAAAAAjk/_yiXOjp8zZ4/s400/spx+ell.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com4tag:blogger.com,1999:blog-7851668483896487530.post-6876695413318538742010-02-20T18:40:00.000-08:002010-02-20T19:23:05.125-08:00DAX in US Dollar<span class="Apple-style-span" style="font-family: Arial; font-size: small;"><span class="Apple-style-span" style="font-size: 13px;"><span class="Apple-style-span" style="font-family: 'Times New Roman';"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="color: #cccccc;">Notice the down trend-line (white line) and the candlestick pattern (short term reversal, yellow circle). In addition, the index is below its 21 EMA (white line) for the first time since March 2009. </span></span></span></span></span><br />
<span class="Apple-style-span" style="font-family: Arial; font-size: small;"><span class="Apple-style-span" style="font-size: 13px;"><span class="Apple-style-span" style="font-family: 'Times New Roman';"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S4CdEL6mjpI/AAAAAAAAAjM/ihKQjilRWTQ/s1600-h/dax.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S4CdEL6mjpI/AAAAAAAAAjM/ihKQjilRWTQ/s400/dax.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.comtag:blogger.com,1999:blog-7851668483896487530.post-21480173558424787112010-02-20T16:18:00.000-08:002010-02-20T19:00:56.485-08:00S & P 500 in euro: the soft bearish side<div class="separator" style="clear: both; text-align: center;"><span class="Apple-style-span" style="color: #cccccc;"><br />
</span> </div><div class="separator" style="clear: both; text-align: center;"></div><div style="text-align: left;"><span class="Apple-style-span" style="line-height: 17px;"><span class="Apple-style-span" style="color: #cccccc;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Some people ask me why to look the S & P in euro. I think looking S&P in euro you can eliminate the effect in the charts caused by the depreciation/appreciation of the currency. I am from Argentina, and when Argentina depreciated its currency (the 'peso") in 2002, the financial markets went up because of the depreciation effect. Then, in USA, the depreciation/appreciation of the US dollar is something that have a big impact in the SP500. Looking the SP500 in euro you change the US dollar fluctuation by the euro fluctuation, and then you have another valid and original view of the index. You can find for example which % of the ups and downs (or broken resistances / supports too) are caused by the currency fluctuation, additional targets, etc.</span></span></span></span></div><span class="Apple-style-span" style="font-family: Verdana, sans-serif; font-size: 12px; line-height: 17px;"><div style="text-align: left;"></div><div style="text-align: left;"><span class="Apple-style-span" style="color: #cccccc;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></span></span><br />
<span class="Apple-style-span" style="color: #cccccc;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">This chart does not looks bearish, but the target of the inverted head and shoulders have been reached.</span></span></span></div><div style="text-align: left;"><span class="Apple-style-span" style="color: #cccccc;"><br />
</span></div></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S4B7Eqjk5wI/AAAAAAAAAjE/uGLlmHE6Qno/s1600-h/spxxeu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="306" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S4B7Eqjk5wI/AAAAAAAAAjE/uGLlmHE6Qno/s400/spxxeu.jpg" width="400" /></a></div><span class="Apple-style-span" style="color: #666666; font-family: Verdana, sans-serif; font-size: small;"><span class="Apple-style-span" style="font-size: 12px; line-height: 17px;"><br />
</span></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S4CfyfvSXwI/AAAAAAAAAjU/tTk4jrKG45E/s1600-h/spx+1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="317" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S4CfyfvSXwI/AAAAAAAAAjU/tTk4jrKG45E/s400/spx+1.jpg" width="400" /></a></div><span class="Apple-style-span" style="color: #666666; font-family: Verdana, sans-serif; font-size: small;"><span class="Apple-style-span" style="font-size: 12px; line-height: 17px;"><br />
</span></span><br />
<span class="Apple-style-span" style="color: #666666; font-family: Verdana, sans-serif; font-size: 12px; line-height: 17px;"><br />
</span><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-28079598683804239892010-02-17T04:44:00.000-08:002010-02-17T05:31:44.265-08:00Watchlist: Citigroup, Gold & XOMThese are some securities that I am following. The bull US dollar is something to worry (it is not good going against the US dollar now, buying stocks), but I think that the bull US dollar is a sign of weakness on the euro, rather than weakness in commodities and stocks.<br />
<br />
Citigroup: wating for the breakup of the down trendline (with volume)<br />
<b><br />
</b><br />
<b>C daily:</b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S3vjQ4urXaI/AAAAAAAAAik/TaJ02qG9lYI/s1600-h/c+d.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S3vjQ4urXaI/AAAAAAAAAik/TaJ02qG9lYI/s400/c+d.jpg" width="400" /></a></div><br />
<br />
GLD: a good buy could be 107 USD<br />
<br />
<b>$GOLD daily:</b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S3vjcGHTI9I/AAAAAAAAAis/Bots19-UmNA/s1600-h/gld.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="315" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S3vjcGHTI9I/AAAAAAAAAis/Bots19-UmNA/s400/gld.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"></div><div style="text-align: left;"><b>GLD hourly:</b></div><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S3vjkD-RPlI/AAAAAAAAAi0/UcJCGdUTtCA/s1600-h/gld+h.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S3vjkD-RPlI/AAAAAAAAAi0/UcJCGdUTtCA/s400/gld+h.jpg" width="400" /></a><br />
<br />
<br />
XOM: down trendline broken. Refer to older post in order to look up for other timeframes charts.<br />
<b><br />
</b><br />
<b>XOM hourly:</b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S3vjtXeDpeI/AAAAAAAAAi8/QtazdsGKq0E/s1600-h/xom+h.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="217" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S3vjtXeDpeI/AAAAAAAAAi8/QtazdsGKq0E/s400/xom+h.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-62189795934864352382010-02-12T20:18:00.000-08:002010-02-12T20:20:10.901-08:00S & P 500 in US euros: bullish signs<div class="separator" style="clear: both; text-align: left;">Notice the bullish divergence in the slow stochastics. In addition, the EMA's are still pointing up and the trendline is intact. I am not bearish. </div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"></div><br />
<div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S3YobcRxIDI/AAAAAAAAAic/u_sPR25Q9rs/s1600-h/spx+xeu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="313" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S3YobcRxIDI/AAAAAAAAAic/u_sPR25Q9rs/s400/spx+xeu.jpg" width="400" /></a></div><br />
</div><div><br />
</div><div><br />
</div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com2tag:blogger.com,1999:blog-7851668483896487530.post-12790925350552906732010-02-09T17:53:00.000-08:002010-02-09T19:42:42.567-08:00XOM<div style="text-align: center;">It is difficult to imagine the market making new lows after this pattern in XOM.... but the trend is your friend. And mine.</div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S3IP_O0SFCI/AAAAAAAAAh8/pvkhudP79JM/s1600-h/xom.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S3IP_O0SFCI/AAAAAAAAAh8/pvkhudP79JM/s400/xom.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S3IQHh6ayKI/AAAAAAAAAiE/aaT_3FcK5Wg/s1600-h/xom1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="302" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S3IQHh6ayKI/AAAAAAAAAiE/aaT_3FcK5Wg/s400/xom1.jpg" width="400" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S3IRXgG-uDI/AAAAAAAAAiM/Fltv17QMYew/s1600-h/xom3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="313" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S3IRXgG-uDI/AAAAAAAAAiM/Fltv17QMYew/s400/xom3.jpg" width="400" /></a><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-68255903611989455062010-02-07T19:36:00.000-08:002010-02-07T19:37:38.611-08:00S & P 500 in US dollars: supports and MA's<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S2-Gw6xFQEI/AAAAAAAAAh0/BJzUOtFmZ5s/s1600-h/spx+usd.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="315" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S2-Gw6xFQEI/AAAAAAAAAh0/BJzUOtFmZ5s/s400/spx+usd.jpg" width="400" /></a></div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-41873357211492190732010-02-05T21:12:00.000-08:002010-02-05T21:15:30.537-08:00SLV: distribution with Head and shoulders?<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S2z55Nco4SI/AAAAAAAAAhk/YljRFg47S-A/s1600-h/slv.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="230" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S2z55Nco4SI/AAAAAAAAAhk/YljRFg47S-A/s400/slv.jpg" width="400" /></a></div><br />
Volume: <span class="Apple-style-span" style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">As the Head and Shoulders pattern unfolds, volume plays an important role in confirmation. Volume can be measured as an indicator (<a alt="Glossary: OBV" class="glossaryLink" href="http://stockcharts.com/school/doku.php?id=chart_school:glossary_o#obv" style="color: #1f6b95; cursor: pointer; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;" title="Glossary: OBV">OBV</a>, <a alt="Glossary: Chaikin Money Flow" class="glossaryLink" href="http://stockcharts.com/school/doku.php?id=chart_school:glossary_c#chaikinmoneyflow" style="color: #1f6b95; cursor: pointer; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none;" title="Glossary: Chaikin Money Flow">Chaikin Money Flow</a>) or simply by analyzing volume levels. Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. This decrease in volume and the new high of the head, together, serve as a warning sign. The next warning sign comes when volume increases on the decline from the peak of the head. Final confirmation comes when volume further increases during the decline of the right shoulder.</span><br />
<br />
To learn more on this pattern, click <a href="http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_t">here</a><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-80033423259675144932010-01-31T15:56:00.000-08:002010-01-31T16:32:35.127-08:00GDP chart analysisLet's take a look at the evolution of the GDP. In these charts we show the %<span class="Apple-style-span" style="font-family: Calibri; font-size: 15px; font-weight: bold;"><span class="Apple-style-span" style="font-weight: normal;"> change from preceding period in Real Gross Domestic Product, s</span><span class="Apple-style-span" style="font-weight: normal;">easonally adjusted at annual rates. There are some interesting things to notice,like the "Services" component, in which the </span><span class="Apple-style-span">principal </span><span class="Apple-style-span">trend </span><span class="Apple-style-span" style="font-weight: normal;">starts falling in the 2nd quarter of 2007 and then recovers in the 4th quarter of 2008 (coinciding with the market trend at that time)</span></span><br />
<br />
<b>GDP: Personal Consumption expenditures:</b><br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S2YVmw9tVHI/AAAAAAAAAg8/bg5khy-s2lM/s1600-h/gdp.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="233" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S2YVmw9tVHI/AAAAAAAAAg8/bg5khy-s2lM/s400/gdp.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>Gross private domestic investments:</b></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S2YV8h7ZYHI/AAAAAAAAAhE/5tlGHWknO_8/s1600-h/Investments.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="227" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S2YV8h7ZYHI/AAAAAAAAAhE/5tlGHWknO_8/s400/Investments.jpg" width="400" /></a><br />
<div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>Exports</b>:</div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S2YWhn2o07I/AAAAAAAAAhM/eZx_a-bGdro/s1600-h/Exports.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="207" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S2YWhn2o07I/AAAAAAAAAhM/eZx_a-bGdro/s400/Exports.jpg" width="400" /></a></div><br />
<b>Imports:</b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S2YWtkvfBCI/AAAAAAAAAhU/5HQb-EtQOD0/s1600-h/Imports.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S2YWtkvfBCI/AAAAAAAAAhU/5HQb-EtQOD0/s400/Imports.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>Government expenditures:</b></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S2YW_DxI-0I/AAAAAAAAAhc/oxTAwU84LXw/s1600-h/government.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="222" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S2YW_DxI-0I/AAAAAAAAAhc/oxTAwU84LXw/s400/government.jpg" width="400" /></a><br />
<br />
For additional information: click <a href="http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&FirstYear=2008&LastYear=2009&Freq=Qtr">here</a><br />
<div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-27970090794520605692010-01-24T19:04:00.000-08:002010-01-24T19:29:30.707-08:00This week WatchlistThe past week we saw a big down movement in the major world indexes. The Obama's proposal to reform the banks "to big to fail" and the announcement of China's government to put limits on the activities of the banks had been the "reasons" that the media use to justify these movements.<br />
<br />
I am bearish in the SP500 (short term), so if I buy any of this stocks (not the UUP) I will use tighten stops loss.<br />
<br />
For this week, I have these in my watchlist. Notice that I am using the 9, 22 and 35 EMA's to follow trend.<br />
<br />
<b>UUP</b>: the EMA's had confirmed the uptrend. Now I am waiting for an entry point.<br />
<div><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S10HaayBwCI/AAAAAAAAAgM/vNla1qyUir8/s1600-h/uup.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="205" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S10HaayBwCI/AAAAAAAAAgM/vNla1qyUir8/s400/uup.jpg" width="400" /></a><br />
</div><br />
<br />
<b>MCD:</b><br />
<b><br />
</b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S10JGy7H4yI/AAAAAAAAAgU/VLV0xz4UqWM/s1600-h/mcd.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="196" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S10JGy7H4yI/AAAAAAAAAgU/VLV0xz4UqWM/s400/mcd.jpg" width="400" /></a><br />
</div><b><br />
</b><br />
<b><br />
</b><br />
<b>AA:</b><br />
<b><br />
</b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S10Jyk1avKI/AAAAAAAAAgc/VOO_YmiLqJQ/s1600-h/aa.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="201" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S10Jyk1avKI/AAAAAAAAAgc/VOO_YmiLqJQ/s400/aa.jpg" width="400" /></a><br />
</div><b><br />
</b><br />
<b>GE:</b><br />
<b><br />
</b><br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S10J9ThrNOI/AAAAAAAAAgk/7z13G8zAJ9s/s1600-h/ge.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="196" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S10J9ThrNOI/AAAAAAAAAgk/7z13G8zAJ9s/s400/ge.jpg" width="400" /></a><br />
</div><b><br />
</b><br />
<b><br />
</b><br />
<b>PG:</b><br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S10KGmBAAZI/AAAAAAAAAgs/Kby8D5UV_Cs/s1600-h/PG.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="250" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S10KGmBAAZI/AAAAAAAAAgs/Kby8D5UV_Cs/s400/PG.jpg" width="400" /></a><br />
</div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-38611252373529633292010-01-21T17:07:00.000-08:002010-01-21T17:18:19.699-08:00DOW JONES, S & P 500, DOW TRANSPORTS & other key financial indexes trend lines & fibonacci's<div class="separator" style="clear: both; text-align: left;"><b>DOW JONES INDUSTRIAL (weekly chart) - Key trend line:</b><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j2sgq55sI/AAAAAAAAAfU/sUZKj9ORMxU/s1600-h/DJI+21-01.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j2sgq55sI/AAAAAAAAAfU/sUZKj9ORMxU/s400/DJI+21-01.jpg" /></a><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>SPY (S & P 500) (weekly chart) - Key trend line:</b><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j3eiaVhrI/AAAAAAAAAfc/CFGMS8BerpM/s1600-h/spy+w.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j3eiaVhrI/AAAAAAAAAfc/CFGMS8BerpM/s400/spy+w.jpg" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div style="text-align: left;"><br />
</div><div style="text-align: left;"><b>NASDAQ COMPOSITE (monthly chart) - Key trend line:</b><br />
</div><div style="text-align: left;"><br />
</div><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j35iKF-3I/AAAAAAAAAfk/Z_TvSy4_fIc/s1600-h/compx+m.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j35iKF-3I/AAAAAAAAAfk/Z_TvSy4_fIc/s400/compx+m.jpg" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>DOW JONES TRANSPORTS (weekly chart) - Key trend line:</b><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><a href="http://4.bp.blogspot.com/_JHdXQLkos-Q/S1j4NlzLBsI/AAAAAAAAAfs/DnvI4smGcwE/s1600-h/djt+weekly.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/_JHdXQLkos-Q/S1j4NlzLBsI/AAAAAAAAAfs/DnvI4smGcwE/s400/djt+weekly.jpg" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b><br />
</b><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>DOW JONES US FINANCIAL INDEX (weekly chart) - Key trend lines:</b><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div style="text-align: left;"><br />
</div><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j4YlNp3cI/AAAAAAAAAf0/mUCrbMNdcVc/s1600-h/djusfn+weekly.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j4YlNp3cI/AAAAAAAAAf0/mUCrbMNdcVc/s400/djusfn+weekly.jpg" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b><br />
</b><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>IWM iShares Russel 2000 ETF (weekly chart) - Key trend lines:</b><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j4oJ-nO_I/AAAAAAAAAf8/MqznspFB0Iw/s1600-h/IWM+w.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j4oJ-nO_I/AAAAAAAAAf8/MqznspFB0Iw/s400/IWM+w.jpg" /></a><br />
<div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><b><br />
</b><br />
</div><div class="separator" style="clear: both; text-align: left;"><b>IYR - DOW JONES REAL STATE iShares ETF (weekly chart) - Key trend lines:</b><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"> <a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j5VmJZpYI/AAAAAAAAAgE/ST1o6QiHbQo/s1600-h/iyr+w.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1j5VmJZpYI/AAAAAAAAAgE/ST1o6QiHbQo/s400/iyr+w.jpg" width="400" /></a><br />
</div><br />
To learn more on trendlines:<br />
<br />
<span style="-webkit-text-decorations-in-effect: underline; color: #0000ee;"><a href="http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:trend_lines">Stock charts trendlines (school)</a></span><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-83349202170895842010-01-20T18:13:00.000-08:002010-01-20T18:18:45.953-08:00GOLD in EuroIn this chart I want to notice something estrange that happen between 2008 & 2010 regarding gold.<br />
If we measure gold in euro, and then compare it against US dollar, we find that both were good investments...but... I used to think that gold and US dolar move in opposites directions...<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/_JHdXQLkos-Q/S1e4PUIUZCI/AAAAAAAAAfM/JuskAlsCzYU/s1600-h/GOLD-xeu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="312" src="http://3.bp.blogspot.com/_JHdXQLkos-Q/S1e4PUIUZCI/AAAAAAAAAfM/JuskAlsCzYU/s400/GOLD-xeu.jpg" width="400" /></a><br />
</div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0tag:blogger.com,1999:blog-7851668483896487530.post-87430311086963128942010-01-20T16:29:00.000-08:002010-01-20T18:19:17.318-08:00CRB index & crude oil measured in eurosThis is the CRB index measured in euros. Look at the uptrending channel and relate this with the <a href="http://sailingmarkets.blogspot.com/2010/01/uup-elliot-wave-count.html">previous pos</a>t. Conclusions?. If we are bullish in the US dollar, (and then the euro is downtrending), CRB should go down in the near future (more than the euro). The same could be concluded on the crude oil (second chart).... Time will tell....<br />
<br />
$CRB:$XEU (stockcharts.com)<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/_JHdXQLkos-Q/S1ecy0k4hoI/AAAAAAAAAe8/92uHJgvnRk0/s1600-h/CRB+-+XEU.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="253" src="http://1.bp.blogspot.com/_JHdXQLkos-Q/S1ecy0k4hoI/AAAAAAAAAe8/92uHJgvnRk0/s320/CRB+-+XEU.jpg" width="320" /></a><br />
</div><br />
$WTIC:$XEU (stockcharts.com):<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1efaPboKvI/AAAAAAAAAfE/-SCq5tpg3vI/s1600-h/wtic+-+xeu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/_JHdXQLkos-Q/S1efaPboKvI/AAAAAAAAAfE/-SCq5tpg3vI/s320/wtic+-+xeu.jpg" /></a><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="blogger-post-footer"><script type="text/javascript">
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www.");
document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
</script>
<script type="text/javascript">
try {
var pageTracker = _gat._getTracker("UA-8844076-1");
pageTracker._trackPageview();
} catch(err) {}</script></div>Maximilianohttp://www.blogger.com/profile/07111397267417837971noreply@blogger.com0