Monthly Archives: August 2012

Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $6EU2

Pivots 31AUG12 .PDF

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

QE3, is it priced in?

If QE3 is coming, Cyclical Investors seem wholly unimpressed with its prospects – Beachcomber

SPX Daily

VIX Daily

VIX Weekly

TRAN Weekly

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Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $6EU2

Pivots 30AUG12 .PDF

Disclaimer: This communication should not be cconstrued as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $6EU2

Pivots 29AUG12 .PDF

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

Chevron – Our Trading Plan – $CVX

Chevron ($CVX) is a preferred trading vehicle of one of our PMs.  We like the price action and rate the stock Green in the Bikini State. We are long $CVX at the time of this post

CVX Daily

CVX Monthly

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Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $6EU2

Pivots 28AUG12 (.PDF file)

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

Anticipated China breakdown certain to trigger stimulus attempt (but no real fix)

Beachcomber updated his long-term trend chart for China’s Shanghai Stock Exchange $SSEC.  If you are not familiar with his work on China, you can follow the links below.

China’s Bear Market Since 8/4/09 Threatens to Turn Super-Secular

Jackson Hole & QE,  Was it leaked?

SSEC Update: Shanghai Stock Exchange New Low – AUS Going Down

Bringing down the curtain on China’s secular bull market

SSEC Weekly

 

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

 

Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $6EU2

Pivots 27AUG12 (.PDF file)

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

Bringing down the curtain on China’s secular bull market

Beachcomber sent us an updated view of the Shanghai Stock Exchange (SSEC)  and its long-term trend on the monthly chart posted below.

The length or duration of a trendline, and the angle of ascent or descent of the line, are important factors in determining the significance of the trend being examined.  The SSEC chart shows a gradual rising 17 year rising bottom line; that is a significant trend!

A break of this trendline will have powerful bearish implications.  Trendline breaks are measured for minimum price objectives like other price patterns e.g. “peak to trendline projected down from the break.”

A trendline break of this size for the SSEC has the potential to put the index back to levels last seen when Beijing got its first McDonald’s.

Fries with that break anybody…?

SSEC Long-Term Monthly Pattern

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

 

Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $AUDJPY

Pivots 24AUG12 (.PDF file)

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

10 Year Treasury – Playing the rising Yield

There is some excellent work on the current rise in the US Treasury 10 yr. yield in recent posts and our archive starting July 29, 2012 with the post Utilities, Topping? – UTIL / 10 yr. Yield heading higher? – TNX.

In this $TBT update JTOS digs into the hourly chart looking for the edge on trade entry.

TBT Daily

TBT Hourly

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $AUDJPY

Pivots 23AUG12 (.PDF file)

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

$COPPER – Trading Pattern suggests more Upside

“If not demand, to what is Dr. Copper responding?” - Beachcomber

For insight: Jackson Hole & QE,  Was it leaked?

$COPPER Spot Price (EOD) CME Daily

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

Cycle Fatigue – QQQ

“Amid more impressive negative divergences than I can remember easily… “

- Beachcomber

QQQ Monthly

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

 

Silver following script – $SILVER

Silver is following what Beachcomber described as a “fairly obvious” trading signal.

Beachcomber’s last mention of Silver was in his epic which you can read by clicking the following link:  Jackson Hole & QE,  Was it leaked?

$SILVER – Spot Price (EOD) CME

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

PCOM – Inside Day, Followed by High Volume Reversal

PCOM is a favorite long idea of our friend and fellow manager JTOS, who contributes occasionally to Bikini Analytics.

I was looking forward to writing this post because we get to play with a new term in Bikini Speak.

PCOM’s reversal on high volume after a steep correction is what we call a “Brazilian,” which is an “all clear signal, a bottom reversal where supply is exhausted.”

It is proper that the first Brazilian note appears in a JTOS post because he coined the phrase as it relates to technical analysis when we first introduced him to Bikini Analytics. – enjoy

PCOM, significant high volume Bottom-must have taken out a meaningful seller-BUY

PCOM Daily – Brazilian

PCOM’s current Bikini State rating is Green.

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)

Daily & Weekly Pivots

Daily & Weekly Pivots for: $SPY, $ESU2, $QQQ, $NQU2, $AAPL, $GLD, $SLV, $AUDJPY

Pivots 22AUG12 (.PDF file)

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (click here for full disclaimer)

Short Candidates – TROW, CONN

Our good friend JTOS sent over a couple short trades he is putting on, and an updated PCOM chart that will appear in a separate post. – enjoy

 

“TROW-Shooting star up to the Bollinger Band, didn’t make new highs with the averages.-SHORT

TROW Daily – Shooting star

CONN-third rate electronic retailer who recently expanded into MATTRESSES!?????-SHORT.”

CONN Daily

 

Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)