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Chart of Gold and Gold Miners VGPMCX vs POG and S&P500 (SPY)
VGPMCX: Vanguard Precious Metals & Mining Fund vs POG (Price of Gold) and S&P500 (SPY with dividends reinvested)
Gold and Gold Miners (VGPMX) vs S&P500. ETFs GLD & SPY and VGPMX are shown in the graphs with dividends reinvested.
Two more charts at Gold and Gold Miners vs Time and S&P500
New consumer sentiment numbers come out tomorrow.
With gasoline and oil prices 30% off peaks
More charts and story: http://kirklindstrom.blogspot.com/2008/09/chart-of-us-dollar-oil-prices-and-s.html
Consumer sentiment should soar
Soaring consumer sentiment from more money in our pockets not spent at the gas pumps could lite the candle under the markets!
NanoViricides Inc. Appoints Renowned Ophthalmologist Dr. Kazuo Tsubota to Scientific Advisory Board
BUSINESS WIRE
Posted: 2008-07-28 07:08:36
WEST HAVEN, Conn.--(BUSINESS WIRE)----NanoViricides, Inc. (OTC BB: NNVC.OB) (the "Company"), said that the internationally renowned Japanese ophthalmologist and corneal researcher, Kazuo Tsubota, MD, PhD, has agreed to join the Company's Scientific Advisory Board. Dr. Tsubota is currently Professor and Chairman of the Department of Ophthalmology at Keio University School of Medicine in Tokyo, Japan.
"I have already had licensing discussions with Japanese pharmaceutical companies regarding EkcCide(TM)," said Dr. Tsubota, adding, "There has been significant interest in Japan in the excellent animal study results from the Institute in New York."
"Dr. Tsubota will be helping us prepare the Company's nanoviricides drug candidates to enter the regulatory approval process in Japan. Initially, he will focus on viral eye diseases such as EKC and Herpes virus infection, among others," said Eugene Seymour, MD, MPH, CEO of the Company.
There are a number of different viruses that cause both viral conjunctivitis and keratitis (inflammation of the cornea). Adenovirus is a common cause of the very severe and potentially debilitating EKC. Herpes simplex virus (HSV-1) is another important infection of the eye. HSV-I infection is frequently recurrent and can lead to corneal scarring which may necessitate corneal transplantation.
The Company has previously reported that EkcCide was shown to cause rapid and clear clinical recovery of infected animal eyes in a study conducted by a renowned US ophthalmologic Institute. The infection in this study was caused by adenovirus 5, supplied by the Centers for Disease Control and Prevention (CDC). Representative photographs are posted on the Company's website (www.nanoviricides.com).
EkcCide is the Company's nanoviricide(TM) drug candidate designed against the adenovirus that causes epidemic-kerato-conjunctivitis (EKC). The Company anticipates that the eye-drop formulation of this broad-spectrum nanoviricide drug candidate may have significant potential against other viral causes of EKC, herpes infection of the eye and the less severe viral conjunctivitis diseases as well. Common viral conjunctivitis is highly contagious and occurs primarily in schools and other crowded settings, as well as in immuno-compromised populations. While the Company currently has no approved product for the treatment of EKC and viral conjunctivitis, the treatment and prophylaxis market for EKC and other viral causes of conjunctivitis is expected to be in the order of several billion dollars annually.
About Kazuo Tsubota, MD, PhD:
An internationally recognized eye specialist, Professor Tsubota is Chairman of the Department of Ophthalmology at Keio University School of Medicine, his alma mater, where he received his MD in 1980. He was the first Japanese recipient of the American Academy of Ophthalmology Honor Award in 1994. He is Chief Surgeon at the Minamiaoyama Eye Clinic in Tokyo, Japan. He heads a large dry eye research group and also the largest refractive (eye) group in Japan, which has several clinics throughout the country. He is author of more than 350 scientific peer reviewed articles. He is editor of several specialty books in ophthalmology and is also a reviewer for many international journals in ophthalmology.
About NanoViricides:
NanoViricides, Inc. (www.nanoviricides.com) is a development stage company that is creating special purpose nanomaterials for viral therapy. The Company's novel nanoviricide(TM) class of drug candidates are designed to specifically attack enveloped virus particles and to dismantle them. The Company is developing drugs against a number of viral diseases including H5N1 bird flu, seasonal influenza, HIV, EKC, hepatitis C, rabies, dengue fever, and Ebola virus, among others.
Markets YTD and Since Peak
Index Started Week Ended Week Change % Change YTD
DJIA 11496.57 11370.69 125.88 -1.1% -14.3%
Nasdaq 2282.78 2310.53 27.75 1.2% -12.9%
S&P 500 1260.68 1257.76 -2.92 -0.2% -14.3%
Russell 2000 693.08 710.33 17.25 2.5% -7.3%
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Index Started Week Ended Week Change % Change YTD
DJIA 11496.57 11370.69 125.88 -1.1% -14.3%
Nasdaq 2282.78 2310.53 27.75 1.2% -12.9%
S&P 500 1260.68 1257.76 -2.92 -0.2% -14.3%
Russell 2000 693.08 710.33 17.25 2.5% -7.3%
Stock Market Declines (DJIA) - Percent Change vs Number of Trading Days
Nice graph from "Chart of the Day"
Does anyone have a list of market declines in table format so I can make my own chart and regression?
Chart of the Day
The stock market dropped sharply today and investors remain concerned. For some perspective on the current correction, today's chart illustrates all major stock market corrections (15% loss or greater) of the last 108 years. Each dot represents a major correction as measured by the Dow. For example, the bear market that began in 1973 lasted 481 trading days and ended after the Dow declined 45%. There are a few items of interest... Since 1900, the Dow has undergone a major correction 26 times or one major correction every 4.2 years. Second, most major corrections since 1900 (64%) have resulted in a drop of less than 40% while lasting less than 400 trading days. Since 1950, the percentage of major market corrections that were less than 40% and 400 trading days increased to 84%. As it stands right now, the current stock market correction (October 2007 peak to most recent low) would measure slightly below average in both magnitude and duration.
Webmasters, journalists, and bloggers may post an occasional free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live link to Chart of the Day at http://www.chartoftheday.com.
Kirk out
#board-1574
Put Call ratio signaling a bottom, soon....
I wrote a full article about this here with some more charts
http://www.suite101.com/discussion.cfm/investing/55973/1570-1575#message_2
"Kirk, it appears you're suggesting the SOX will visit the 250 area for a double bottom while the COMP will take quite a dump down the road."
Anything is possible but that is not what I am predicting.
Many are predicting a 2006 bottom similar to the 1998 and 2002 bottoms. This sort of bottom would fit the charts I've shown, but you can see from the charts the overall trend is still up hence they also support much higher levels. As such, I think we still rely on economic fundamentals. Those are now starting to bottom and turn up again, according to preliminary indicators I have. If it is apparent the economy is in good shape in a few months, then I suspect the market should already be confirming this now by ending the current correction as a higher low compared to the August 2004 lows.
This chart supports that idea:
That chart clearly shows we are now testing the breakout of the 2004 consolidation, from above.
I am not worried about a major new low unless the middle tine support of the blue pitchfork is FIRST broken. Until then, I think is would just be normal corrections to work off oversold conditions.
IF the economy is healthy, we could see some higher highs made where a "major 2006 low on the 4 year off presidential election year cycle" could be a "major low" that is significantly higher than today's levels... if the market rallies to the upper tine resistance levels. That is what I think is probably going to happen. It COULD happen off a double top at 1550.... as I think many would want to get out if the market returned to past highs so that would give a nice correction or even a cyclical bear.
I remember it took 7 years after the 1987 bear market before some of my tech stocks made new highs that they held for good. This would fit a 2006 bottom and a rally in 2007 or 2008 to new highs that hold.
Hi Kirk
I like that middle chart, either bounce or breakdown. I would be leaning towards breakdown but will just be watching to see what happens.
Keep Rocking Kirk! :^)
Percentage of stocks above 50 DMA vs SOX
$SOX ST and IT Trend Lines
The RSI looks very similar the 2002/2003 bottoming process.
CCI looks like a "reflection" of the Oct 2001 low
IGW finding support in two places on this chart
RSI is in the BUY zone
The S&P500 is at the support level of the fork for the break from its 2004 consolidation and the next support would be at the red tine, still within an overall bull pattern since the October 2000 bottom
The SOX has been a real under performer the last year.
I like how it has turned up on the RSI and CCI
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Fund Flows:
Weekly:
Monthly:
It simply amazes me how so many want to buy underwear and shoes when on sale but they want to pay top dollar to buy investment products.
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Hi Kirk
Is that public short interest or commercial? Here is an interesting look at the ES and the extreme divergence here between the commercial traders and the rest of the world. Looks like we are due for a pullback but I will just keep watching.
Keep Rocking Kirk! :^)
Sentiment: NYSE Short Interst Ratio vs DJIA
We've heard loads of noise about the public not being bearish enough...
I think this chart adds to my others that show this has not been the case:
URL http://www.marketthoughts.com/images/20041107/chart08.gif
Major Market 6 Month Charts and Industry Indices:
S&P500
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$spx,uu[h,a]daclyyay[pb20!b50!b...
NASDAQ Composite
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$compq,uu[h,a]daclyyay[pb20!b50...
AMEX Composite
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$xax,uu[h,a]daclyyay[pb20!b50!b...
NYSE Composite
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$nya,uu[h,a]daclyyay[pb20!b50!b...
DOW Industrials
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$indu,uu[h,a]daclyyay[pb20!b50!...
DOW Transports
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$tran,uu[h,a]daclyyay[pb20!b50!...
Looks Interesting Kirk
Have been following HUGO and some out over $6 are looking at this pullback to 5.50 as a buying opportunity. $5 would be the Major support to watch. Not sure what other plays are out there.
Good Luck and Keep Rocking Kirk! :^)
Copper just broke a double top
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and a "W" bottom...
I gotta say that Jimmy Rogers sure was right about what to buy for 2003 and 2004!
I've also heard something about Copper is a "roof" for the industrials.. so CU needs to go up for stocks to go up...
but that seems odd given copper declined between 1995 and 2000... irrational exuberance perhaps?
Nice gains in some of the I follow...
Some are penny stocks so beware!
Not a recommendation, see my newsletter for that, but I do CURRENTLY (could change any time) own some shares in ALL these.
SOX charts
1998 low vs today:
1997-1998
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Now
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1998 chart with1 year added:
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Is CACS the new leader which means it is predicting what will happen to the others?
Election Year Returns 1897 to Present
Today's chart illustrates how the stock market has performed during the average election year. Since 1897, the first five months of the average election year has tended to be choppy. This year has not been an exception. That initial choppiness was then followed with an upward bias that has (on average) begun towards the end of May. It is now the end of May.
5 & 10 yr Bond vs. SPX 5/3/90-12/31/04
AI
