MSW Weekly Update 8/1/09

The brainless software continues to be extremely bullish, as it is calling for 15 new buys and only two new shorts, on the weekly time frame. Over all, it has about 150 long signals, and only 46 short signals, out of over 700 ETF's, and a lot of the short signals are on the SHORT index's, how come that doesn't surprise me. I only have the weekly signals up here, and on the Russell 1000 below, as it only has about 4 or 5 new long's and short's on the daily signal's, which tell's me it's pretty bullish in the longer term, but very split and indecisive in the short term (sounds like some one else I know).
The 4 charts are UGA, SEA, 100 and MOO. I show the new buy on UGA because it came up with a new buy on VLO, below, which also means TSO as they both move about the same, and I've been watching them for quite awhile, maybe the software feel's there's a storm a brewing out in the gulf or some thing. It like's the global shipper's, SEA, in looking at the Baltic Dry index in StockCharts.com, which you can get under the sticker symbol $BDI, it has actually come down for a number of week's, but may be basing, I know the shipper guru's were all excited about the earnings report from DRYS the other day.
One thing that SEA, 100 and MOO have in common is the high over to the left of where we are now, from eight week's ago, an awful lot of the ETF's have this same configuration, with a break over that high probably leading to more gains (YUCKO!!!).

The software came up pretty split on the Russell 1000, with 15 new buy's and 11 new short's, on the weekly chart's, over all it has about 165 long signals and 33 short signals, so it's pretty bullish, just like on the ETF's.

Since it's split, I put up two buys and two shorts, the buy's are AKS and VLO, AKS is typical of the steel stocks, a break over 20 and it may go to 20.01 pretty quick (IE, I'm not to wild about it). VLO is sitting RIGHT ON a long term down trend line, which if it can break over it, it has pretty much clear air back up to the 23-24 "area", BUT, it's sitting UNDER a decent horizontal support line, AND, it has a pretty crappy looking weekly candle, which looks to me like it may want to go back down and test that low just under the 16 "area" again, which would probably be more interesting, to see how it reacts at the old low's. That is also the March low's, the low's for the whole period were in the 14 "area", so, well, pick your poison.

It hate's SLB and DELL (who in the hell doesn't hate DELL, hahahahaha), meaning SLB may have to shut down when the storm's come rolling in, while VLO's gas prices go to da moon for the Labor day weekend, wad ever.

I have some weird individual putting weird symbols in the comment's section, so I may shut the comment's off, nobody ever comment's anyway, so it don't matter, you can send me an email anyway, if you want to tell me what an idiot I yam.

7/31/09

Bulkowski give's the break down for expanding triangles, megaphone's or broadening tops here, http://thepatternsite.com/bt.html . Not saying this IS one, but it could be.
Sysin left a pretty funny video in the comments section about tax cheating Timmy, http://www.calculatedriskblog.com/2009/07/daily-show-lonely-condo-owner-and.html .

AAAAAAAAAYYYYYYEEEEEEEIIIIIIIIII!!!!

RATS!!! I wish I would have brought this up yesterday, it gapped up today, and is a liiittttttlle extended on the daily chart, but a lucky pull back to the break out point above 20 could be a decent entry, the damn thing has virtually no resistance above until about 27, and then it could be off to the 40 "area". I got this from Ivica, www.ivicatradingcharts.com .

HAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!! My god, if that isn't the UUUUUUGILLLYIST looking thing I've EVER seen!!!!!!!!! I mean, beside's being over bought like a MF'ER, now, it put's on a BOF, Break Out Failure bar, HAHAHAHAHAHAHAHAHAHAHAHA, I mean, if every stock and ETF went caput over night, and they said the only thing I could do, was "invest" in the NasDog's, I'd fricking quit!!!!!

7/27/09

I guess we are following the Justin Mamis Investor Sentiment Cycle, the top chart, fairly closely. The only hiccup would be in the circled area's, as not only was that head and shoulder's setup producing aniety and aversion, it was also "SUPPOSED TO BE", the "SUBTLE and OVERT" warnings, hahahahahahahahahaha, the fricking roach's took care of THAT!!!!!!

I would say that rather than the current "Returning Confidence" phase, it should be retitled the "ABSOLUTE BULL SHIT" phase, but who am I to say some thing like that. Hey, every thing is fricking wonderful, buy it!!