A PART OF NY » commodities

Commodities looking Weak

admin — Tue, 18 May 2010 03:12:45 +0000

In 1930 commodities started to fall fast signalling the onslaught of Deflation…

The LinkUs Hub – “The Hub”

admin — Wed, 31 Mar 2010 03:57:55 +0000

ApartOfNY is proud to add the Linkus Hub, or “The Hub” to our menu bar. Please check it out .

The LinkUs Hub was started by GoodVibe Market Vibes, or GV, and is a great place to share and learn about trading. A couple of comments on the hub from Gv’s site are:

What is “LinkUs Hub” or “The Hub”?

“The Hub” is one of a kind financial discussion-room where our fellowship of traders and investors gather and communicate LIVE with each other 24×7 to discuss all things related to the market. We post our contributions for others to read when they also stop by later to drop their own work. Others will come later to do the same thing in a free flow of information.

What “The Hub” is NOT?

We don’t do chitchat. No empty debates either. Long useless talk? Nope! Unverified claims? Nada! Unreliable analysis? Zip! Unsupported opinions? Zero! Emotional baggage? Hell no! Whining? Never! Bragging. No chance! Immature behavior. Never! Personal attacks? On our DEAD bodies. Herd mentality. Not anytime we checked!

So try it out. The Hub’s mission statement is “Share, Learn and Grow”.

Some alternative counts with some sugar

admin — Sun, 28 Mar 2010 15:39:55 +0000

[Update at 3:41pm: I have added the 20 Month MA to the Nasdaq Composite chart, as that would be a good point for the bounce to occur. ]

One of the things that has been troubling me about the major US indices is that, although it looks like we bottomed on March 9, a lot of the Market leaders (e.g. AMZN, GS) appeared to bottom in November. This is also true of several of the global indices. I have been wondering if we saw an irregular bottom. I have tried to put some counts together to show this.

First the Russell 2000

Now the Dow Industrials

Also I wanted to update the contracting diagonal count on the Nasdaq

And give you a close up

And completely unrelated, some sugar

The End of the world as we know it

admin — Tue, 23 Feb 2010 23:10:32 +0000

I saw this video over on Reformed broker. If this is true then Nat Gas companies are gone, Oil Companies are dust (or sand) and utility companies could be dead and buried. It could change everything and start a new era – without many companies from the past era. Definitely worth watching…

Watch CBS News Videos Online

All that glitters

admin — Tue, 23 Feb 2010 14:23:03 +0000

We have just gone short SLV in our Wall Street Survivor account. The reason is the Bow Tie pattern. Landry “Bow Tie”, named by Dave Landry, with the sequential cross of the 10 (SMA) and 20 and 30 period averages. Often the first pullback becomes an opportunity to take trades in the new ‘trend’.

As you can see from the weekly chart below the 10 week MA has already crossed the 20 and is about to cross the 30. Also higlighted is the last occurence of this: July 2008.

Silver

Update on GLD

admin — Sun, 07 Feb 2010 17:34:49 +0000

Target remains at 95.00, an updated chart below..

GOLD

For a summary of this and other Target please go to Summary of Market calls

Update on Oil (USO)

admin — Fri, 05 Feb 2010 22:21:56 +0000

Okay we are back in the bear channel again, with a retest of the trendline. Lets see if it can stay within the channel this time. 5yr and 60 day charts updated…

USO 5year

USO 60 day

No updates

admin — Wed, 03 Feb 2010 05:16:16 +0000

Time to watch the markets for a few days and see the new emerging patterns. I still stay very bearish and expect 2010 to be very interesting, however bounces happen.

Oil does the Okey-Cokey

admin — Tue, 02 Feb 2010 05:11:26 +0000

You put your left arm in
Your left arm out
In out, in out,
You shake it all about
You do the Okey-Cokey
And you turn around
That’s what it’s all about
Oh, Okey-Cokey-Cokey
Oh, Okey-Cokey-Cokey
Oh, Okey-Cokey-Cokey
Knees bend, arms stretch
Rah-rah-rah

We are now back out of the bear channel. I get the feeling that the Crude Market is hurting bear and bull alike. I still think we are going down to the teens however not in a straight line.

Oil (USO) Update

admin — Sat, 30 Jan 2010 18:28:34 +0000

First the chart…

Oil

Okay this is a 15 minute chart of our larger chart (see previous USO post). As you can see on this view we have reentered the bear channel. My best guess for the next major attraction point, on the USO, would be $31.54.

Updated 5 year chart is:

uso 5yr