Chart Games

Winter In Russia 2010

Andrew Rosca — Thu, 30 Dec 2010 15:11:09 +0000

Everyone who has been complaining about snow removal in NYC needs to stop right now.

From: http://www.slideshare.net/arshaddurrani/winter-in-russia-2010

Think AAPL was hot this year?

Andrew Rosca — Fri, 29 Oct 2010 23:15:01 +0000

What will the Dollar do?

Andrew Rosca — Mon, 18 Oct 2010 00:42:04 +0000

We are at a critical junction with the Dollar. Whether the lower support line show on this chart holds or gives is very important for the price of stocks and commodities over the next few months.

Are we there yet?

Andrew Rosca — Tue, 12 Oct 2010 03:49:06 +0000

EURUSD completed an ABC wave with A=C at 1.44 and looks like it encountered resistance, with stochastics rolling over. The Dollar is also near support and its stochastics are also turning. Gold bounced at the top of a long term channel. The VIX closed outside it’s lower Bollinger band, which often forecasts a new leg up in volatility (and a leg down in equities). Is it finally time for a correction in stocks?

Time for a reversal?

Andrew Rosca — Wed, 06 Oct 2010 00:18:55 +0000

The last few weeks have been extremely bullish for both stocks and gold, especially gold, which hit a new all-time record high of $1,342 per troy ounce today. However, this entire rally was driven by a single factor: a massive decline in the value of the Dollar.

Listening to all the QE talk out there and watching the government pour billions of dollars (literally) into the market every day (literally) it’s hard to imagine this feast ending anytime soon. However, the SPX and gold chart are exhibiting some weakness, with both reaching the top of short-term channels and with the SPX displaying a massive MACD divergence and turning stochastics. The Dollar chart, in particular, is very interesting. We hit the 76% retracement level today and there is hardly a single Dollar bull out there. Can we drop further? Absolutely, and long term I am extremely bearish on the Dollar and most other fiat currencies out there. However, there is a solid probability we turn here. A look at the weekly SPX chart (last one below) also suggest a a large correction may be looming.

If however we breach the resistance/support lines on all of these charts I pointed out below, I’ll be a very convinced bull for the near future.

Charting Statistical Fraud At The BLS: 22 Out Of 23 Consecutive Upward Revisions In Initial Jobless Claims

Andrew Rosca — Fri, 01 Oct 2010 14:04:07 +0000

The Bureau of Labor Statistics in action: remember those green shoots fueled by “declining unemployment numbers?” Easy to do. Publish a low number and revise it upward the following month.

From: http://ping.fm/I8L7L

Topping Patterns

Andrew Rosca — Fri, 01 Oct 2010 04:43:19 +0000

All major indices are likely be topping here. In addition the Dollar is at an important support level, and a strengthening Dollar could drive equities down. I’ve heard a comment which resonated with me today: the entire rally of the past month in stocks and in gold can be attributed exclusively to the devaluation of the Dollar. Gold remained flat in EUR and JPY. Food for thought.

Also interesting to me is the fact that after a a meteoric rise in AAPL the trend seems to have reversed. Since AAPL is 20% of the NDX this could spell trouble for the tech index as well.

Finally, the VIX range, as illustrated by its Bollinger bands, has narrowed significantly. This typically forecasts a large move, which could come in either direction, but frankly there isn’t much room to the downside. A rally in the VIX would also help drag equities down.

The most profitable bank in the US

Andrew Rosca — Wed, 29 Sep 2010 16:02:39 +0000

The most profitable bank in the United States of America isn’t Jamie Dimon’s JP Morgan Chase or the rejuvenated Bank of America. In fact, it doesn’t have any ATMs, and it pays out almost all its earnings to you and your neighbors.

It’s the Federal Reserve, which is expected to post another year of record profits in 2010.

From: http://ping.fm/pb3rz

US Mint says has run out on Buffalo gold coins – Reuters

Andrew Rosca — Wed, 29 Sep 2010 15:42:59 +0000

The U.S. Mint has run out of a type of highly pure gold coin it had been selling amid record high prices of gold.

The mint said it will not stock more of the 1-ounce, 24-karat American Buffalo bullion coins.

“The United States Mint has depleted its inventory of 2010 American Buffalo One Ounce Gold Bullion Coins,” the Mint said in a statement, seen by Reuters on Monday.

Officials at the Mint could not immediately be reached for comment.

Gold prices have hit record highs over the last two weeks, breaching $1,300 an ounce, as investors bought into the precious metal on global economic health worries and possibilities of more U.S. stimulus programs that could weaken the U.S. dollar.

This year alone, gold prices have risen more than 18 percent. Fund managers and industry experts think the rally has further to run in the longer term as gold provides a hedge against inflation amid expectations that central banks worldwide could resort to more monetary easing to support their economies.

From: http://ping.fm/i2txM

May 6th 2010 Stock Market Flash Crash on CNBC HD

Andrew Rosca — Tue, 28 Sep 2010 13:34:04 +0000

8 minute video of the Flash Crash, the biggest intraday stock market drop in history

From: http://ping.fm/yuV8m