Thursday, February 17, 2011

TF Daily Swing System Adds another entry short

TF Daily Swing adds another entry short for a 12mm allocation pool...

SP500 Initial Cracks

Dollar and AAPL retracements


Wednesday, February 16, 2011

Nasdaq 100 - symmetry

Utilities - worth a close watch

TF RVS Swing Adds Short

This is the TF daily system for a 12 million allocation pool.

AAPL finally grinds to target...

S&P 500 Produces Expanding Wedge

These patterns are hazardous to the people that buy them - but now that we have retail people actively buying...this market makes yet another one...this is a brick in the bearish potential.

Tuesday, February 15, 2011

Food for thought...

If the dollar pattern is valid...then the EURO as shown below is at a critical juncture. The shorts have been blown out of individual CRB the weakness there has good odds that it is just beginning...Today the Russell 2000 was weak compared to the majors because of the commidities weakness. The S and P500 may be looking to slam everyone expecting the expected...fake out city.

Tomorrow we have premarket numbers that I expect will grind the market higher overnight in anticipation. The funny thing is that investors are so confused by the inflation number. They want a low number, even if its clearly flawed, wrong or fraudulent, so that BURNanke can keep up with his market-mayhem but if the number comes in higher than expected then that means BURNanke might have to change his either case, both concpets are so rediculous they = SELL in my opinion.

Below is the CRB index:
Below is the Dollar

Below is the SP500:
Below is the EURO:

States considering setup of their own sovereign money systems...

South Carolina lawmaker asks if state should print its own money
Reuters/ Lee Jae-Won

States are always looking for ways to generate new money -- but one South Carolina lawmaker has offered an interesting twist to the efforts.
State Senator Lee Bright recently introduced a bill to study "whether this State should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System."
In other words, Bright is asking for a study to determine if South Carolina should print its own money.
Bright's proposal says the study is necessary because "many widely recognized experts predict the inevitable destruction of the Federal Reserve System's currency through hyperinflation in the foreseeable future."
The bill may sound radical, but Bright is hardly alone in his thinking. A Virginia delegate offered a similar plan in January.

Monday, February 14, 2011

A look at valuation...lest all the bullish analyists forget

Not pretty...P/E over 24...what if things don't turn out quite so rosey? What if high inputs compress margins and demand as I have consistently talked about?

Meanwhile the long-term price trendlines hold firm...looks like the "P" in "P/E" need to be making some adjustments.
© 2009 m3, ltd. All rights reserved.