Technical Analysis of Stock Trends

FXE. Time to get off the short euro train.

Posted on Dec 03, 2009 by WHC Bassetti.

Never ones to beat a dead horse or kick a sleeping dog or throw stones at wasp nests (even in Boston) or store thrones in glass houses we’re ready to abandon the short euro trade.

When this market turns it will tear your head off.  But its time has not come yet.

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APWR. Buy signals.

Posted on Dec 03, 2009 by WHC Bassetti.

Will Rogers used to say, “All I know is what I read in the papers.”  We don’t believe anything we read in the papers, but we read the anyway.  Reading Marketwatch today Peter Brimelow touted APWR so we looked at it out of curiosity.  The chart supports a buy.  There is a breakout, with a throwback as the pros call it.

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Gold! Gold! Gold in…..

Posted on Dec 01, 2009 by WHC Bassetti.

Well, sports fans, like it or not, it’s another buy signal for the aggressive trader in the metals.  As we were saying yesterday….

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ETFs of importance, EEB and NYC

Posted on Dec 01, 2009 by WHC Bassetti.

A bit of a strange pattern here on the NYC (represents the NYSE stocks), but NYC is an important ETF — and one of the three recommended and used by our friend and colleague, Jack Schannep (thedowtheory.com) who has had a brilliant record in the recovery from the crash (and was short or out before that).

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Fun stuff. Gold, silver, platinum

Posted on Nov 30, 2009 by WHC Bassetti.

Tis the season to begin thinking about wearing this stuff instead of  trading it.  But first we have to manage our trades before we hop off to breakfast at Tiffany’s.

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