Technical Analysis of Stock Trends

Travel to distant climes– Japan, Asia, Eastern Europe etc.

Posted on Aug 03, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=EWM&p=D&b=5&g=0&id=p30923843948&a=205610531

http://stockcharts.com/h-sc/ui?s=EPP&p=D&b=5&g=0&id=p10821119644&a=205610672

We looked at a long list of ETFs having to do with Eastern Europe, Asia, Japan, etc.

Yesterday all these listed threw off buy signals:  (EWM and EPP illustrated above)  EUROX — EWT — EWM — EWS — EWT — EWY

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Rasors be damned. Systems stop taken out.

Posted on Aug 02, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441

While there are still razors all around us today’s action tripped the Basing Point Stop signaling a buy in the indices.  We bought the Dow, S&P and Qs ETF s and closed our gold hedge.  The buy signs were all over the place in just about everything.  We will cover them tomorrow morning.  In the meantime we think the contrarian backbone may be broken and the bull market may be back on.

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On the Razor’s Edge (double edged)…

Posted on Aug 01, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441

It seems to us that we are at an unusually pregnant moment.  And might get cut by the razor which ever way we try to cut it.  Crawford the astrological analyst is predicting the end of the world (any minute).  So is Prechter and Elliott Wave.  And we passed a guy in Fairfax (CA) yesterday who had a sign saying repent, etc.  What we’re repenting is the power failure which has disabled our crystal ball, which went dark just when we needed it most.

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T Bonds. Chart nightmares. Inflation/deflation. Stagflation.

Posted on Jul 31, 2010 by WHC Bassetti.

http://stockcharts.com/h-sc/ui?s=$UST&p=D&b=5&g=0&id=p30923843948&a=205377734

We conjectured,  just a letter ago that there might be a double top in the bond ETF (TLT).  This chart ought to put paid to that notion.  The bond market may be about to go parabolic. (Read, BUBBLE.)  Here it’s making a new high in the 10 years.  If you’re in it great.  If not stand aside lest you get splattered with the inevitable bloodshed.

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F, TLT (bonds)

Posted on Jul 28, 2010 by WHC Bassetti.

It looks like Ford has completed shaking out weak holders (and traders with stops, including us).  This is a breakout and we’d put a money management stop about 5% down.

More importantly TLT, which is the long bond ETF looks suspicious.

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