Technical Analysis of Stock Trends

Treacherous cattle… MOO moo..

Posted on Jul 07, 2009 by WHC Bassetti.

Sometimes it’s hard to know which cow to back in the race.  In this case looking at the charts it’s not difficult at all.  DBA is definitely lagging behind and is definitely not a hold.  MOO looks all right at the moment, but a close under the nearby low would throw it in question also.  Maybe 2 or 3% under for a stop.

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Go East, young man

Posted on Jul 06, 2009 by WHC Bassetti.

Napoleon said (among the hundreds of things Napoleon said) When China awakes sthe world will shake.  Although we have explored China personally and once had Chinese connections (a fascinating place, definitely go) the Chinese markets are not our area of expertise.  But it would be foolish to ignore the obvious opportunities there.  What the dangers are we have no idea.

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Another sell signal…

Posted on Jul 02, 2009 by WHC Bassetti.

Today’s action broke the closing lows of 26 days, and constitutes a sell signal for us.  Of course we already sold some time ago but for multi unit traders this would be an add on signal.  The top chart shows the ominous combination of both the long term trend line and the 200 day moving average acting as double resistance.  We would review all our longs and analyze the likely effect of an overdue downwave here.  And we would certainly not be without well analyzed stops.

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Pruning for the downwave…

Posted on Jul 02, 2009 by WHC Bassetti.

We sold AIG, scaled out of FRE and FNM.  Profits ranged from 5 to 30%.  Our Ford profits are in the 300%+ range and our BAC profits are also exorbitant.  We are still long platinum with about 25 or 30% paper profits.  We’re glad to be out of gold and silver.  But we’ll be back in.  Stay tuned.

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More lottery tickets… of a rare nature, these

Posted on Jul 02, 2009 by WHC Bassetti.

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