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Market Watch List, Week of March 15th, 2010.
TimelessWealth.net will offer concise annotations on securities elected to the Market Watchlist. The annotations will include, but will not be limited to, chart patterns and/or trends, technical buy and/or sell signals and trading techniques when approaching an aforementioned security. These descriptions will be unique to each individual security.
Please Note Well: This service is exclusive to members subscribed to TimelessWealth’s Investing & Trading Newsletter. If you are not a part of our newsletter but would like to receive our Market Watchlist with annotations, join here: http://timelesswealth.net/subscribe.html
To view our Market Watchlist, follow this link: http://timelesswealth.net/stock-market-watch.html
Market Watch List, Week of March 15th, 2010.
TimelessWealth.net will offer concise annotations on securities elected to the Market Watchlist. The annotations will include, but will not be limited to, chart patterns and/or trends, technical buy and/or sell signals and trading techniques when approaching an aforementioned security. These descriptions will be unique to each individual security.
Please Note Well: This service is exclusive to members subscribed to TimelessWealth’s Investing & Trading Newsletter. If you are not a part of our newsletter but would like to receive our Market Watchlist with annotations, join here: http://timelesswealth.net/subscribe.html
To view our Market Watchlist, follow this link: http://timelesswealth.net/stock-market-watch.html
RMBS: Technical Analysis Video [03.12.10]
Rambus’ market is likely to settle for a decisive move as it approaches the apex of a symmetrical triangle chart pattern. Analysis, in video format, follows.
Video link: http://timelesswealth.net/ta/rambus-rmbs-031210.html
The Anatomy of an OTC Reverse Merger.
In our last issue, titled: “The Pre-Merger Run-up: Where you can cut yourself a piece of the profits”, we introduced readers to the reverse merger process. We briefly discussed the principle purpose to ‘shell’ stocks and where investors can capitalize on investment. In this issue we will break down the seemingly-intimidating and at-times-complicated reverse merger cycle into four (4) basic stages. This will give every investor the opportunity and knowledge to recognize these explosive trends when they appear in the market.
Read on here: http://www.timelesswealth.net/penny-stock-articles/anatomy-OTC-Reverse-Merger.html
The Anatomy of an OTC Reverse Merger.
In our last issue, titled: “The Pre-Merger Run-up: Where you can cut yourself a piece of the profits”, we introduced readers to the reverse merger process. We briefly discussed the principle purpose to ‘shell’ stocks and where investors can capitalize on investment. In this issue we will break down the seemingly-intimidating and at-times-complicated reverse merger cycle into four (4) basic stages. This will give every investor the opportunity and knowledge to recognize these explosive trends when they appear in the market.
Read on here: http://www.timelesswealth.net/penny-stock-articles/anatomy-OTC-Reverse-Merger.html
Indeed. Rambus' appointment to the NASDAQ Q-50 Index is quite prestigious. I imagine investors will approach this company with an air of higher respect from now on.
RMBS: Technical Analysis Video [03.12.10]
Rambus’ market is likely to settle for a decisive move as it approaches the apex of a symmetrical triangle chart pattern. Analysis, in video format, follows.
Video link: http://timelesswealth.net/ta/rambus-rmbs-031210.html
RMBS: Technical Analysis Video [03.12.10]
Rambus’ market is likely to settle for a decisive move as it approaches the apex of a symmetrical triangle chart pattern. Analysis, in video format, follows.
Video link: http://timelesswealth.net/ta/rambus-rmbs-031210.html
The timing was perfect, and I tell you why. In contrast to others, I don't publish work as a buy or sell recommendation. I never have, I never will. Moreover, I will publish work on a security where I might not even hold any interest. Why? Because those who value my opinion have requested it.
The video focused on a 'mid-term' or longer term chart. December of 2009 to March of 2010, for instance. The price did not 'start' at $0.70 my friend. $0.10 was the "starting point" as you've coined it. The price peaked at $0.70, afterwards. That period formed an uptrend. It is clearly visible unless "your monitor is upside down".
Notice that I have never released a technical opinion on a stock that has peaked or is trading at new high(s). My intention was in annotating a market that had declined for three consecutive trading sessions, since peaking at $0.70/share. My own words: the price is sitting on key support. In the event that the support level does not sustain the price, here are other levels of support...
You do realize that I published this work yesterday? That makes your statement, once more, illogical.
In other words you are suggesting that an uptrend is a trend that cannot fail when the price breaks below the rising trendline? You might want to take the weekend to look into TA a tad because you are posting complete nonsense.
I remember about a year ago you were insisting technical analysis is "bull". Do you remember? Well, with the year that has passed maybe you've grown brighter...but that doesn't excuse you or give you the right to criticize a matter in which you're still a novice. Reply as you wish, your words won't increase give you credibility.
The equity market is an environment where things are constantly changing. Supporting 'levels' provide a rough idea as to how the price reacts when exposed to a given level, based on historical price movement.
I am not sure what case you "rest" when your post is a vacuum (consisting of nothing) and lacks logic or sense.
Global oil demand seen higher in 2010.
IEA lifts 2010 oil demand forecast as surging Chinese growth offsets flagging OECD demand
Greg Keller, AP Business Writer, On Friday March 12, 2010, 7:56 am
PARIS (AP) -- World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its forecasts.
The Paris-based IEA, which advises oil-consuming countries, predicted in its monthly report that oil demand will average 86.6 million barrels a day this year, or 1.6 million barrels a day more than in 2009.
The IEA's previous report, in February, had estimated daily demand in 2010 of 86.5 million barrels. The estimate for 2009 was revised upwards to 85 million barrels a day.
The agency said that after five consecutive quarters of decline, "the latest data confirm that global oil demand resumed growth on a yearly basis in the fourth quarter of 2009."
Oil demand in developed economies will fall 0.3 percent in 2010, but this will be offset by higher demand in Asia, the IEA said.
"China is currently expected to account for almost a third of global oil demand growth in 2010," the IEA said.
Global oil demand fell 1.4 percent last year compared to 2008, as the Great Recession caused oil demand in OECD countries to drop by the biggest amount since the early 1980s.
While oil demand in OECD countries is seen contracting in 2010 for the fifth consecutive year, growth in developing countries is more than picking up the slack, the IEA said.
"This year's global oil demand growth will be driven entirely by non-OECD countries, with non-OECD Asia alone representing over half of total growth," the IEA said.
Global oil demand hit an all-time peak in 2007 at 86.5 million barrels a day.
This year's rebound is forecast to be driven by China, where the IEA said preliminary data indicated that demand "surged by an astonishing 28 percent year-on-year in January."
Stock futures trading higher ahead of open.
Stock futures trading higher ahead of monthly retail sales, business inventories reports
Ieva M. Augstums, AP Business Writer, On Friday March 12, 2010, 8:10 am
Stock futures are trading higher Friday as investors look to consumers for guidance on the economic recovery.
A handful of reports could detail the U.S. economy's strength by shedding more light on consumers' spending appetites during a time of high unemployment.
The government plans to report on February retail sales and January business inventories. A report on March consumer sentiment is also due.
Any inkling of positive news may be exactly what the market needs. A rally in financial stocks Thursday helped the market extend their weekly gains. The Dow and S&P 500 have been hovering near 15-month highs, but investors haven't been in a rush to send those indexes any higher.
Overseas markets were mostly higher on Friday. European markets got a lift from strong industrial production figures for January in the 16-nation region that shares the euro.
Ahead of the opening bell in New York, Dow Jones industrial average futures rose 23, or 0.2 percent, to 10,633. Standard & Poor's 500 index futures rose 2.70, or 0.2 percent, to 1,148.60, while Nasdaq 100 index futures rose 2.75, or 0.1 percent, to 1,925.25.
Before the U.S. market opens, the Commerce Department reports on retail sales for February. Economists predict retail sales likely slipped slightly last month, reflecting weakness in demand for autos and the severe winter storms that hit much of the country.
Economists surveyed by Thomson Reuters are forecasting that sales dipped 0.2 percent in February following a gain of 0.5 percent in January.
Earlier this month, the International Council of Shopping Centers reported that sales jumped 3.7 percent in February compared to a year ago, the biggest gain since November 2007, the month before the recession began.
The new report is due out at 8:30 a.m. EST.
Data from the Reuters/University of Michigan consumer sentiment index for March on consumer sentiment will also provide more evidence on consumers' current spending appetites.
Higher consumer spending is vital because it accounts for about 70 percent of economic activity. Economists have cautioned, though, that any spending increases could falter as unemployment weighs on a sustained recovery.
The nation's unemployment rate was 9.7 percent in February.
Investors will receive additional guidance about the economy's health when the Commerce Department report on January business inventories. The data is likely to show a tick up in business inventories even though wholesalers cut their stockpiles during the month. Economists expect total business inventories posted a slight rise of 0.2 percent in January following a 0.2 percent fall in December.
The report is due at 10 a.m. EST.
Meanwhile, bond prices were mostly down Friday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.74 percent from 3.73 percent late Thursday.
The dollar fell against other major currencies, while gold prices rose.
Overseas, Japan's Nikkei stock average rose 0.8 percent. Britain's FTSE 100 rose 0.3 percent, Germany's DAX index rose 0.8 percent, and France's CAC-40 rose 0.6 percent.
Morning Briefing: WAMUQ Technical Analysis Video [03.11.10]
Washington Mutual longs have experienced wild market volatility where the only characteristic one can be sure of is the uptrend that has formed as a result of the past few months worth of price action. While a pullback may be startling, it is a natural occurrence in the equity market. Analysis, in video format, follows.
Video Link: http://timelesswealth.net/ta/wamuq-washington-mutual-031110.html
WAMUQ: Technical Analysis Video [03.11.10]
Washington Mutual longs have experienced wild market volatility where the only characteristic one can be sure of is the uptrend that has formed as a result of the past few months worth of price action. While a pullback may be startling, it is a natural occurrence in the equity market. Analysis, in video format, follows.
Video Link: http://timelesswealth.net/ta/wamuq-washington-mutual-031110.html
Anytime fsshon. We've discussed and annotated WAMUQ before...but the last update was in January and I thought it was definitely time for another one. For anyone who might be interested, our work is archived here: http://timelesswealth.net/publications.html
WAMUQ: Technical Analysis Video [03.11.10]
Washington Mutual longs have experienced wild market volatility where the only characteristic one can be sure of is the uptrend that has formed as a result of the past few months worth of price action. While a pullback may be startling, it is a natural occurrence in the equity market. Analysis, in video format, follows.
Video Link: http://timelesswealth.net/ta/wamuq-washington-mutual-031110.html
WAMUQ: Technical Analysis Video [03.11.10]
Washington Mutual longs have experienced wild market volatility where the only characteristic one can be sure of is the uptrend that has formed as a result of the past few months worth of price action. While a pullback may be startling, it is a natural occurrence in the equity market. Analysis, in video format, follows.
Video Link: http://timelesswealth.net/ta/wamuq-washington-mutual-031110.html
Where the heck are you? It has been almost 3 minutes since your last post...
I see it got a shot of volume this session...
Interesting...thanks for the response.
Stocks, Commodities, Forex Overview: Must Watch Forces and Events, March 8-12, 2010.
by Cliff Wachtel CPA March 07, 2010
Just last week at the end of February, the recovery and risk assets (stocks, commodities and in FX commodity dollars and the euro) were struggling.
However, positive news suggesting Greece could avoid default (over the coming months at least), incremental improvements in the US employment picture and other positive economic data kept markets moving in the right direction all week long. Does this mean it’s safe to open new long positions in risk assets?
The Big Picture: Risk Assets Range Bound Until Clarification on Greece
The short answer is: possibly for short term positions, but not for those looking beyond a time horizon of a few days. For now, it’s a range bound market. Find the appropriate ranges for your time-frame, and establish long or short positions at either extreme for the lowest risk/highest probability trades or longer term holds.
•Most markets are still trading with a very nervous, short-term focus, gyrating on daily data reports.
•Incoming data from the major economies continues to be extremely mixed, with some indicators inspiring confidence and others reminding of the fundamental weaknesses remaining.
...continue reading: http://tinyurl.com/yeqkc2o
Where do you see it heading?
Stocks, Commodities, Forex Overview: Must Watch Forces and Events, March 8-12, 2010.
by Cliff Wachtel CPA March 07, 2010
Just last week at the end of February, the recovery and risk assets (stocks, commodities and in FX commodity dollars and the euro) were struggling.
However, positive news suggesting Greece could avoid default (over the coming months at least), incremental improvements in the US employment picture and other positive economic data kept markets moving in the right direction all week long. Does this mean it’s safe to open new long positions in risk assets?
The Big Picture: Risk Assets Range Bound Until Clarification on Greece
The short answer is: possibly for short term positions, but not for those looking beyond a time horizon of a few days. For now, it’s a range bound market. Find the appropriate ranges for your time-frame, and establish long or short positions at either extreme for the lowest risk/highest probability trades or longer term holds.
•Most markets are still trading with a very nervous, short-term focus, gyrating on daily data reports.
•Incoming data from the major economies continues to be extremely mixed, with some indicators inspiring confidence and others reminding of the fundamental weaknesses remaining.
...continue reading: http://tinyurl.com/yeqkc2o
America's Commodity Crisis, 2010 Edition.
by Philip Davis March 07, 2010
[...]Commodities are a TAX. They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money for the same food, fuel, shelter and clothing that they had to have last week in order to live. It doesn’t matter if those people are trying to save or trying to tighten their belts or trying to get out of debt - high commodity prices are a shake-down that rips money out of the pockets of the middle class and funnels it to the very, very small class of commodity producers, commodity speculators and the people who finance them and collect the fees.
Continue reading here: http://tinyurl.com/ykrjfsl
Article of the Day: America's Commodity Crisis, 2010 Edition.
by Philip Davis March 07, 2010
[...]Commodities are a TAX. They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money for the same food, fuel, shelter and clothing that they had to have last week in order to live. It doesn’t matter if those people are trying to save or trying to tighten their belts or trying to get out of debt - high commodity prices are a shake-down that rips money out of the pockets of the middle class and funnels it to the very, very small class of commodity producers, commodity speculators and the people who finance them and collect the fees.
Continue reading here: http://tinyurl.com/ykrjfsl
Follow Timeless Wealth on Twitter for intraday and 'real-time' trading alerts: http://twitter.com/TimelessWealth
China INSOnline Corp. (NASDAQ: CHIO) rallied $0.16 or 26.23% to end Tuesday's session at $0.77/share. All-time high volume helped the price to a high of $0.945 intraday, as members at Timeless Wealth were up as much as 68% following our initial coverage of this company: http://timelesswealth.net/alerts/CHIO_02172010.html
Great work sir.
Thank you for the reply.
New Article: "The Anatomy of an OTC Reverse Merger".
Access the article here: http://timelesswealth.net/penny-stock-articles/anatomy-OTC-Reverse-Merger.html
New Article: "The Anatomy of an OTC Reverse Merger".
Access the article here: http://timelesswealth.net/penny-stock-articles/anatomy-OTC-Reverse-Merger.html
Is there any reason in particular why you are watching AP Pharma, Inc. (APPA)?
LJPC: Technical Analysis Video [03.02.10]
A close above $0.14/share suggests a technical breakout occurred on Tuesday’s trading session. The price movement came on strength as above average volume frequented La Jolla’s market during the session. A double-bottom chart pattern has formed as a result of Monday’s price action. Analysis, in video format, follows.
Video Link: http://timelesswealth.net/ta/la-jolla-pharmaceutical-ljpc.html
LJPC: Technical Analysis Video [03.02.10]
A close above $0.14/share suggests a technical breakout occurred on Tuesday’s trading session. The price movement came on strength as above average volume frequented La Jolla’s market during the session. A double-bottom chart pattern has formed as a result of Monday’s price action. Analysis, in video format, follows.
Video Link: http://timelesswealth.net/ta/la-jolla-pharmaceutical-ljpc.html
LJPC: Technical Analysis Video [03.02.10]
A close above $0.14/share suggests a technical breakout occurred on Tuesday’s trading session. The price movement came on strength as above average volume frequented La Jolla’s market during the session. A double-bottom chart pattern has formed as a result of Monday’s price action. Analysis, in video format, follows.
Video Link: http://timelesswealth.net/ta/la-jolla-pharmaceutical-ljpc.html
I saw that trailer on AMC last week...how many times have you seen the movie?