buy adobe flash cs3 buy windows xp license cheap windows 7 canada buy windows 7 professional (64 bit) buy windows 7 ebay cheap microsoft office oem buy windows 7 thailand download cs3 design standard turbotax 2008 premier download purchase windows 7 from microsoft buy imsi turbofloorplan home and landscape pro 12 buy windows 7 upgrade from xp navisworks download buy windows xp home edition download buy quicken 2008 buy microsoft vista product key download guitar pro 5 full version cheap windows vista business 64 bit windows 7 professional 32 bit download cheap windows 2003 enterprise cheap nero 8 ultra edition ashampoo burning studio 9 download cheap adobe indesign cs3 turbotax best buy acronis disk director download windows 7 price ebay best buy photoshop purchase vista license adobe indesign cs3 mac buy windows 7 ultimate upgrade quicken 2010 download download cakewalk sonar 7 buy windows xp disc buy cheap windows xp pro windows 7 pro cheapest buy microsoft office product key cheap pdf software autocad architecture pricing microsoft expression studio 3 price download corel photoimpact x3 windows vista price best buy microsoft project 2003 download adobe after effects download buy office 2007 student edition download adobe premiere full version buy microsoft office standard 2007 online buy windows xp serial number download microsoft office 2003 professional buy maya 2009 adobe dreamweaver for mac download money 2007 download download after effects cs4 autodesk inventor professional 2008 download parallels desktop coupon code microsoft office 2007 price in uk buy windows 7 egypt buy frontpage 2003 adobe cs4 mac price vmware workstation 6.5 promo code purchase archicad dragon naturally speaking cost burnaware professional price cheap photoshop cs4 for mac download encarta 2009 buy 3ds max online adobe premiere pro cs3 trial buy windows 7 sydney buy microsoft works 9.0 buy windows 7 home premium full buy microsoft office enterprise 2007 buy turbotax deluxe adobe flash cs4 for mac buy captivate cheap acdsee photo editor 2008 buy microsoft office xp buy adobe acrobat student norton ghost 12 product key windows xp price in rupees buy windows 7 ultimate key roxio copy & convert 3 buy purchase microsoft vista buy windows 7 student version price of windows 7 ultimate buy windows xp service pack 2 omnipage 17 download microsoft office discount canada cheap uniblue registrybooster 2009 cheap adobe photoshop elements 7 buy windows 7 new zealand adobe software for mac cheap adobe illustrator cs4 download pctools spyware doctor 5.5 buy windows xp cd buy windows xp canada photoshop price list buy microsoft office basic buy windows 2003 datacenter buy windows xp media centre edition dreamweaver for cheap buy photoshop cs4 serial number best price autodesk inventor lt 2010 purchase mathcad buy microsoft powerpoint 2003 corel ulead video studio x2 buy frontpage online download microsoft access 2007 cheap windows 7 64 bit buy sonar cakewalk buy microsoft office project 2007 cheap windows 7 premium quickbooks enterprise 9.0 download cheap adobe creative suite software windows 7 discount uk buy powerdvd 9 buy outlook 2007 windows 7 home premium oem download ms streets and trips 2008 download buy microsoft autoroute 2007 europe buy ms outlook download adobe flash cs4 buy cyberlink powerproducer 5 ultra price photoshop elements 8 cheap symantec norton ghost 12.0 presenter 7 adobe buy presenter buy windows xp student edition windows xp best price buy adobe cs3 design premium mac download sound forge audio studio 9 buy vista online download buy acrobat 7 windows 7 ultimate 64 bit best price windows datacenter license cost powerpoint pricing get autocad 2010 cheap final cut express cheap adobe illustrator cs2 acronis true image coupon code photoshop elements download buy excel 2007 online buy windows 2003 datacenter autodesk architecture suite cheap solidworks premium where to buy windows 7 malaysia buy powerdirector 7 ultra download cs3 design premium buy native instruments traktor dj studio 3.4 photoshop cheap version cheap windows xp sp2 adobe illustrator mac download buy windows 7 full install buy mathworks buy vista business online photoshop cs3 price cheap photoshop elements 8 buy wordperfect office x4 sony acid pro 7 price buy microsoft office 2007 buy roxio creator 2010 pro buy windows 7 32 or 64 autodesk autosketch 10 download buy adobe cs4 web premium download avid media composer 3.0 buy adobe cs3 suite buy microsoft visual studio 2005 buy autosketch 9 microsoft mappoint 2009 cost steinberg cubase sx3 download microsoft office 2010 professional plus download buy matlab license best price autodesk 3ds max 2009 buy windows 7 ultimate price download wavelab 4 windows 7 64 bit best price where can i buy microsoft office cheap windows 7 price in canada vista discount flags buy windows vista home premium oem cheap roxio creator 2010 cheap adobe flash cs3 where to buy pinnacle studio 14 buy microsoft office best buy quicken 2008 cheap norton 360 v3 buy adobe illustrator cs3 autodesk navisworks review 2009 buy windows 7 from us cheap encarta premium 2009 best buy microsoft word 2003 download indesign for mac buy microsoft office activation key best price norton ghost 15 buy microsoft office word 2007 buy adobe contribute mac buy windows xp cd key online buy windows xp home download omnipage 17 trial download purchase microsoft office 2007 online download microsoft powerpoint 2007 buy cs4 photoshop autocad electrical sales buy microsoft word 2007 buy lightroom 2.4 buy adobe master collection cs4 buy photoshop used buy turbotax deluxe 2009 best buy windows 7 home premium (64 bit) purchase windows xp media center buy efreesky magic utilities 2008 buy quarkxpress 8 mac pinnacle studio 14 buy windows xp price in india 2009 dreamweaver mac demo download inventor 2009 pcanywhere pricing vista 64 sp2 guitar pro 5.2 download adobe after effects cs4 download buy windows vista ultimate cheap cheap adobe photoshop elements 8 buy photoshop illustrator windows 7 price korea windows xp discount software windows 7 discount coupon buy windows xp recovery cd purchase corel draw x4 windows 7 ultimate cheap purchase cs3 software buy photoshop cheap buy office 2003 cheap purchase windows 7 discount buy excel 2007 download best price windows 7 home premium windows 7 price full version cheap windows 7 pcs buy windows xp laptop purchase windows 7 product key buy windows 7 activation code buy office 2007 product key buy sony vegas pro 8 cs3 master collection price discount parallels desktop 5.0 for mac cheap corel draw software buy windows 7 download canada mappoint 2006 download buy dvd moviefactory 6 download fl studio 8 xxl download buy windows 7 oem license cheap photoshop cs4 extended buy windows 7 ultimate license adobe contribute price buy acronis true image home buy corel draw for mac buy windows 7 online student where to buy windows 7 hong kong buy microsoft office key online cheap microsoft office 2003 software buy windows 7 enterprise key windows 7 price in pakistan download avanquest powerdesk pro 7 buy excel 2003 download best price windows 7 32 bit buy xilisoft dvd ripper ultimate 5 buy pagemaker 6.5 buy windows 7 not upgrade archicad 9 download buy windows xp australia buy microsoft office 2007 professional corel draw x4 price purchase windows 7 upgrade family pack cheap windows 7 download adobe illustrator cs4 buy photoshop for mac cheap windows 7 discount buy windows 7 starter edition purchase cyberlink powerdirector 8 buy sound forge 10 adobe contribute cs4 for mac buy microsoft office suite 2007 acdsee pro license code purchase windows xp professional license buy windows 2008 standart discount microsoft windows vista purchase dragon naturallyspeaking 10 windows 7 price upgrade buy microsoft excel 2007 buy windows vista ultimate 64 bit propellerhead reason 4 mac buy adobe photoshop elements cheapest autodesk maya 2009 buy download propellerhead reason 4 where can i buy windows 7 sticker purchase adobe premiere pro cs3 buy adobe cs4 production premium windows 7 price buy windows 7 oem uk microsoft office 2003 discount buy windows vista pro download quickbooks 2009 buy pcanywhere 12.5 windows 7 discount voucher buy windows vista 32 bit buy photoimpact x3 photoshop discount for students abbyy finereader 10 buy ms office 2003 online photoshop price uk microsoft access 2007 buy online cheap photoshop for mac best buy windows 7 home premium (32 bit) acrobat 9 pro buy windows vista price malaysia buy quicken 2006 adobe flash cs3 professional download buy windows 7 pro oem purchase windows xp should i buy windows 7 oem or retail windows xp price compare best buy microsoft visio 2003 download wordperfect buy ms project 2003 buy microsoft expression studio 2 buy access 2007 online download adobe contribute cs4 buy access 2003 software avanquest mylogomaker professional 2 download buy microsoft visio 2007 adobe creative suite 3 web premium download buy microsoft office for business disable norton 360 guitar pro 5 discount code buy microsoft expression web 2 buy windows 7 download version buy microsoft office excel 2007 download microsoft access 2003 purchase windows xp home cheap windows xp purchase windows 7 india buy windows vista singapore windows vista discount archicad download buy microsoft mappoint 2009 north america purchase visual studio 2008 professional best buy quicken 2010 best price microsoft office 2003 professional purchase microsoft office word buy photoshop in india buy parallels 5 upgrade buy pdf converter acdsee download full version upgrade price vista to windows 7

Crude oil was slightly higher due to short covering overnight

20090609_oil_pricesjpg
Crude oil was slightly higher due to short covering overnight as it consolidates some of Monday’s decline. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near term.

If August extends the decline off last week’s high, the 38% retracement level of the February-June rally crossing at 62.25 is the next downside target. Closes above the 20 day moving average crossing at 69.54 are needed to confirm that a short term low has been posted.

Tuesday’s pivot point for crude oil, our line in the sand is 64.38

First resistance is the 10 day moving average crossing at 67.98
Second resistance is the 20 day moving average crossing at 69.54

First support is Monday’s low crossing at 63.40
Second support is the 38% retracement level crossing at 62.25

For a FREE tour of Market Club including a Trend Analysis of your favorite stock try the RISK FREE 30 day trial here!

Testy Tuesday Morning

Courtesy of Phil’s Stock World
I think David Fry hit yesterday’s action on the nose saying:

Is the recent downturn in volume because Goldman’s computers were shut down for fear they were compromised?  Of greater importance to average investors is a dirty truth is revealed. Give Wall Street banksters a gaming stake (TARP) and what do they do with it? They give it to their HAL 9000 to trade the hell out of markets. Would you like a free trading stake and the computer to do it? Even though it would be self-defeating in the end, of course you would.  Okay, enough about that although it should provide plenty of interesting reading. Today markets were wishy-washy on continued shrinking volume. That brought out the “stick save” crew (perhaps HAL activated) but market internals remain weak.”

That’s an interesting take – did the market slide because Goldman Sachs, our market-manipulator in chief, had an internal system problem allowing the unmanipulated commodity markets to quickly slip down to more “real” levels without anyone to goose them at key junctures?  I always say to members, when the technicals are working – obey the technicals and in yesterday’s post I predicted we would bottom out in the morning at Dow 8,250, S&P 888, Nasdaq 1,750, NYSE 5,700 and Russell 488.  We did bottom out at about 10:45 and our lows for the day were Dow 8,205, S&P 886, Nasdaq 1,770, NYSE 5,686 and Russell 487 – not bad for a call I published at 8:30 with the futures considerably higher.

It’s one thing to call the market correctly but quite another to turn that call into a profitable trade.  We only made one play in the morning and it was our 10:24 Alert to Members, which suggested the DIA $84 calls at .70, which finished the day at $1.05 (up 50%), that’s not bad for our first trade of the week.  We also cashed out our FAZ plays at the dead top when my second Alert of the day at 10:52 suggested to Members: “FAZ – Good time to take the money and run at $5.38.”  That was exceptionally well-timed as the high of the day for FAZ was put in just a few minutes later at $5.40.  The EU markets held our watch levels so we made our first trade in the brand-new $5,000 Portfolio, buying the AA $7.50 callls for $1.75 at 1:10.  The idea is to turn them into a spread but they already made a dime and if they make .50 we’re more likely to just take them off the table and not risk earnings.  The goal of this portfolio is to make a series of quick in and out plays using various option strategies around earnings announcements – risky but fun!

We played for the stick-save into the close and we were not disappointed as we got a respectable 50-point goose in the Dow in the last 30 minutes of trading.  We may like to point out that the markets are being manipulated but don’t confuse that for negativity.  One of my favorite saying is: “We don’t care IF the markets are manipulated as long as we can figure out HOW the markets are manipulated and play along with the big boys.”  To that end, we maintained a bullish stance into the close (still very much in cash though) as we expect some follow-through this morning.  Our bounce targets are now this morning’s “must hold” levels and they are: Dow 8,260, S&P 898, Nas 1790, NYSE 5,750 and RUT 493.  We are not expecting a huge move today, just some consolidation ahead of tomorrow’s data.

ERX DD Energy Bull 3xIt doesn’t pay to be emotional in a technical market, you can’t get too attached to a position and our trades are very quick in and outs from our cash positions.  David’s Oxen Group Trade of the morning was a huge winner as well, calling a short on WFR, which dropped over $1 from the open and that’s our 5% rule for a stock day trade – it doesn’t get any better than that!  We also featured 2 new trade ideas in our Channel Checkers section on HOG and HOTT based on the research reports.  So, after sitting on cash for almost an entire month, earning season and a higher VIX have gotten us interested in trading again!

Today David is looking at ERX, which is a 3x energy bull index that is heavily weighted with XOM, CVX and COP so think of it as more of an XLE tracker than an oil or services index.  Rather than a straight play on this ETF, I like buying the Oct $25 calls for $4.85 and selling the Aug $25 calls for $3.30, which is net $1.55.  If the energy market fails, you don’t need to retain much value to get out even and, if it goes higher, you don’t owe your caller back $3.30 until the ETF is at $28.30 and $3.30 is enough to roll the Oct $25 calls down to the Oct $20 calls, which would put you in a $8.30 spread for net $4.85 so a great trade to practice your rolling on.

Phil’s Stock World provides frequent intraday news updates similar to this one to members. As part of a special opportunity, readers of The Market Guardian blog are offered a free subscription. Use referrer code “Braunie” (which is included in the links here) and select the $49 per month option and – using my code – your $49 subscription will be free (monthly fee will be waived) and you will receive a 20% discount on premium services, should you find Phil’s Stock World to be a valuable resource. Click here to sign up.

Morning Market’s

green-up-arrow-and-chart-thumb797017

The NASDAQ 100 was higher due to short covering overnight as it consolidates some of the decline off last week’s high. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off last week’s high, the reaction low crossing at 1412.00 is the next downside target. Closes above the 10-day moving average crossing at 1460.82 would temper the near-term bearish outlook in the market.

First resistance is the 10-day moving average crossing at 1460.82. Second resistance is last Wednesday’s high crossing at 1496.25. First support is Monday’s low crossing at 1422.25. Second support is the reaction low crossing at 1412.00. The September NASDAQ 100 was up 2.25 pts. at 1443.25 as of 5:51 AM CST. Overnight action sets the stage for a higher opening by June NASDAQ 100 when the day session begins later this morning.

smgreenarrow1Today’s Trade Triangle’s

The S&P 500 index was higher due to short covering overnight as it rebound off the 25% retracement level of the March-June rally crossing at 882.35. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends last week’s decline, the reaction low crossing at 874.00 is the next downside target. Multiple closes above the 20-day moving average crossing at 910.93 are needed to confirm that a short-term low has been posted. From a broader perspective, the September S&P index appears to be forming a broad head and shoulders top. Closes below 873.10 would confirm a downside breakout of neckline support thereby opening the door for a larger-degree decline.

First resistance is the 10-day moving average crossing at 906.31. Second resistance is the 20-day moving average crossing at 910.93. First support is the 25% retracement level of the March-June rally crossing at 882.35. Second support is the reaction low crossing at 874.00. The September S&P 500 Index was up 1.10 pts. at 896.60 as of 5:57 AM CST. Overnight action sets the stage for a higher opening by the September S&P 500 index when the day session begins later this morning

The Oxen Group’s Buy Pick of the Day: Direxion Daily Energy & Gas Bull ETF (ERX)

Courtesy of the Oxen Group

The Oxen Group recommends a purchase of Direxion’s Oil and Energy Daily Bull ETF (ERX) for Monday. The oil market may be ready to make some positive gains on Monday, which should light a fire under this ETF. Oil is looking slightly bullish on Tuesday to begin with because of a technical correction that is needed. The market has fallen over 10% in a week, and prices have moved down too low, too fast. A lot of sellers have sold and are becoming buyers again. Gerard Rigby of Fuel First Consulting believes oil is ready to move back to $70 per barrel as the economy is in the same place and there really is no reason for it to move down any further. He believes the profit taking and correction is done. At least for tomorrow, this makes sense. Tomorrow, there is really no large economic news once again and no primary earnings, which should send the market into a similar seesaw it was in today…Read More

Get all the updated market discussion at the Trader’s Blog.

703jpg1

Sector to Watch – Telecom

World Carbon Emissions

Big Hat Tip Trading Wall Street Investments

Trade Ideas for Tuesday – Labopharm and KLA-Tencor Corporation

Our Friends over at AC Investor Blog has these ideas for Tuesday

Chart courtesy of www.stockcharts.com ( click to enlarge )
DDSS has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $2.45 per share on a respectable volume. The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. From a technical viewpoint, the stock is continuing to develop new highs and therefore defining a new bullish trend. Initial support is at 2.46 and followed by 2.37, as long as 2.46 support holds, I’d expect up trend to continue and further rally could be seen to 2.95 zone. However, a break of 2.37 level will take price back towards 2.20 level. Let’s see if tomorrow the stock will confirm the recent breakout.
Chart courtesy of www.stockcharts.com ( click to enlarge )

KLAC remains in a short up trend. Further rise to test 27.87 resistance is still possible, and a break of 26.36 ( 50-day moving average ) will confirm such case. Initial support is at 25.41. Investors should contemplate fresh purchases only on a close above this 26.36. Most of the technical indicators are pointing towards some more upside in the coming sessions. RSI have moved above the 50 points mark in the daily chart and Stochastic oscillators are surging.

smgreenarrow1Today’s Trade Triangle’s

For a FREE tour of Market Club including a Trend Analysis of your favorite stock try the RISK FREE 30 day trial here!

David Rosenberg Talks “Retesting”

PD*23218007

David Rosenberg comments on retesting!

Over the last year, we have seen four other testing phases
and they all failed as the market did break to new lows.  Under the proviso that
the S&P 500 hit an interim peak of 946 back on June 12 (it’s down over 5%
since), here is what the recent historical record tells us to expect (at a minimum,
take profits).

• The average length of the testing phase is 53 calendar days and 38
business days (versus 45 calendar days and 33 business days for the
interim bear market rallies).
• On average, the S&P 500 undergoes a correction of more than 20%.
• The sectors that led during the rally, corrected most during the selloff.  This
means that financials, consumer discretionary, materials and industrials
should underperform in the next few months, while health care, consumer
staples, utilities and telecom services should emerge as the leaders.
• Market volatility more than doubles, on average.
• Bonds rally, with the 10-year Treasury note yield down nearly 15 basis
points, on average.
• The flight-to-safety during these periods implies that the Canadian dollar
declines (on average by 10%), while the trade-weighed U.S. dollar rallies
more than 6%.
• Commodity prices decline an average of 15%, again as cyclical trades
unwind.
• Corporate spreads (Baa) widen an average of more than 60 basis points; it
is very important to be focused on high-quality paper during these market
testing periods as high-yield spreads widen, on average, by more than 300
basis points (and keep in mind the vast outperformance, which is typical
during bear market rallies).

Home Vacancies Still At All-Time Highs

Courtesy of Clusterstock

Some signs of housing market health are improving, but here’s an ugly stat courtesy of Whitney Tilson’s T2 Partners: Home vacancies are still at all-time highs. With yet more foreclosures coming, it’s no wonder they’re just tearing down houses in some places.

cluster-chart-vacancies

Metal Report

001-0721092541-silver-gold

August Gold futures closed down $6.20 at $924.80 today. Prices closed near mid-range today and were pressured by a firmer U.S. dollar and sharply lower crude oil prices. Bulls are fading again in gold. Prices are still in a five-week-old downtrend on the daily chart.

December Silver futures closed down 15.3 cents at $13.24 an ounce today. Prices closed near mid-range and did hit a fresh two-month low today. The key “outside markets” were mostly bearish for silver futures today, as crude oil prices were sharply lower and the U.S. dollar was firmer. Prices are still in a four-week-old downtrend on the daily bar chart.

December N.Y. Copper closed down 415 points at 227.45 cents today. Prices closed near the session high today. The key “outside markets” were mostly bearish for copper futures today, as crude oil prices were sharply lower and the U.S. dollar was firmer. The bulls still have the near-term technical advantage, but have faded a bit.