27 Year DJIA Chart

DJIA - Long Term

$WTIC - Crude Oil

$TA100 - Tel Aviv Index

Divergences in $SPXA200 and $SPXA50

$SPX - S&P 500 - Where Do We Go Now?

Rectangle Continuation Pattern

Bearish Rectangle Continuation Pattern


Of course, Technical Analysis can't predict the future. However, it does help to bring into focus a number of potential future outcomes in any trading market. Right now, many watchers are drawn to the view that the major market indices are "bottoming". That brings us to the "Bearish Rectangle Continuation Pattern". This pattern occurs when an asset has a steep decline and then stabilizes in a range, as selling pressure wanes and comes into relative equilibrium with the buying of bottom fishers, who either can't believe the market can go any lower or who are simply, and correctly, recognizing that the particular down wave is over done, and as such a bounce is at hand. After trading sideways in a range, the price will "breakdown" from the bottom of the consolidation range, and continue lower for another leg down.

So? What's the big deal? The problem is that a pattern always appears to be a bottom, because the lows hold for a number of retests. This could be what we are facing right now. This becomes more likely because prior to the current sideways range, we had a massive down move. These are called continuation patterns because after consolidating sideways in a rectangle range, prices continue in the direction they were moving before entering that consolidation phase...

We shall see!

Source:
Stockcharts.com Chart School
Rectangle Continuation Patterns
November 13, 2008
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rectangle_continuati

DayTradeTeam
Rectangle Continuation Pattern
November 13, 2008
http://www.daytradeteam.com/dtt/day-trading-strategy/2006/07/tip-rectangle-continuation-pattern.html

GG - Goldcorp, Inc. (Short Term)

Remarks of MSRB Chair

Source:
Remarks of Ronald A. Stack
MSRB Chair
SIFMA Annual Meeting
October 28, 2008
http://www.msrb.org/msrb1/press/Release/Remarks-RonaldAStack.pdf

"A Figment of Our Imagination"

Counterparty Risk Management Policy Group II

Cover Letter Addressed to Hank Paulson

SOURCE:
Counter-Party Risk
Management Policy Group II
Report, July 2005
http://www.crmpolicygroup.org/crmpg2/docs/CRMPG-II.pdf

$HSI - Hong Kong Hang Seng

$VLE - ValueLine Arithmetic

MEA - Metalico

SSRI - Silver Standard Resources, Inc.

Energy Information Agency - Natural Gas

Natural Gas Stores

Well, the information is out there... Looks like we are heading into that part of the year during which inventories begin to fall...

This week's report will be out tomorrow morning. On a side note, damn it's ugly out there! I mean Goldcorp (GG) under $17 bucks? Platinum in the $800's... As Joey Lawrence once said, "Whoa!"

SOURCE:
Energy Information Agency (EIA)
Weekly Natural Gas Report
http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html
October 16, 2008

Mortgage Bankers' Assoc. - Weekly

I was going through the Economic Calendar for tomorrow. I went to The Mortgage Bankers Association (MBA) website and began poking around the place. I found the most recent report. Then I went back to November 2004, and checked out that information...

Two quick observations I find interesting:

2004 - % of total loans that are ARM's ~35%
2008 - % of total loans that are ARM's ~3%

2008 - One Year ARM = ~6.6%
2008 - 30 Year Fixed = ~6.5%

Mortgage Applications Report - November 2004


Mortgage Applications Report - October 2008


SOURCE:
Mortgage Bankers Association (MBA)
Weekly Applications Survey
http://www.mortgagebankers.org/NewsandMedia/PressCenter/65784.htm
October 15, 2008
November 10, 2004

DOW and S&P Long Term Before Crash

S&P 500


DJIA

$WTIC - Crude Oil

S&P 500 Stocks Above their 200 Day MA

S&P 500 Stocks Above their 50 Day MA

AUY - Yamana Gold

Yamana Gold

Various Murdered Names

Archer Daniels Midland


Cameco


Arch Coal


Mosaic

S&P 500

Sections 112 and 115 of Bailout Bill

SLB - Schlumberger - Chart Art

DJIA - Extended Out

$SILVER - Spot Silver

SILVER

I whipped up this chart two days ago, just in time to go long 1000 SLV on Monday afternoon. Let's just say it appeared we were in for an oversold bounce, although what we got today in the precious metals was breathtaking...

Difference Between Alaska and Nassau

Source: U.S. Census Bureau, Quick Facts

FNM - Fannie Mae

$GOLD - Spot Gold

VLO = Valero Energy

$RUT - Russell 2000

SBUX - Starbucks

CAL - Continental Airlines

CPO - Corn Products and ADM - Archer Daniels

CPO


ADM

ED - NGG - PNR

Con Ed

ED, increased steadily from its May 2004 low, around $32 a share, while staying in a nice Uptrend that held support a number of times at the BLUE uptrend support line... Made a clear year-long DOUBLE TOP around $49 a share throughout 2007 and then proceeded to crash through uptrend support... Rebounded off that down move only yo be rebuffed by the SINGER MOVING AVERAGE BAND which provided staunch resistance...Needs to hold the $39 level...

National Grid

NGG in contrast with ED has essentially been in a steady uptrend since 2004. It acquired Northeast Utility giant Keyspan in 2007 and has held up relatively well, although the stock is in danger of breaking through the BLUE uptrend support, as its upside has been trapped by a down sloping resistance line thous forming a triangle pattern.

Pentair

PNR is a water company, so not technically a utility company but worth a look... This company has been trading in a wide range between $24 and $44 a share. Each time it has reached the far end of a range it fails to break out and retreats in the other direction... Recently failed around $39 at the top end of the range and looks poised to travel back to the BLUE DASHED MIDLINE at the very least...