Dr Copper and McC

http://www.mcoscillator.com/learning_center/weekly_chart/the_changing_relationship_between_copper_and_the_stock_market/

PRS Charts per the Ronin

Market Ronin is a PRS fan, as well as an accomplished Elliot Wave practitioner.
He uses 133 and 161 as the channel line extensions, as opposed to my 133 and 177.

The 161 is a Fibonacci reference.

The Copper Kickdown is by me

Please comment on these charts, and keep in mind that this is sponsor supported blog (well in theory anyway, I am hoping to at least get my monthly subscriptions covered).   

The time spent is no where near rewarded by ad revenue.   The revenue is roughly $1.00 per sponsor visited.   Sometime more or less.  Google is pretty smart, if they see a click and then that window close in like .25 seconds, they won't consider that a real visit.

Bought the Dip and PRS with a triple swat down

Please review the PRS.   If you don't know what it is, type in PRS in the search box, there are some pretty good example.   Simply, it is a series of channel line extensions.

The PRS 177 is simply another PRS 133 put on the first PRS 133 (multiply 1.33 by 1.33)

I closed out my long 1 hour before close.   Took 5% profit on the futures trade, and shut down the computer, off to work.   No regrets, no looking back, no wondering if I should have let it run for a 10% gain.   Took 5% gain today and shut down the computer.   That is good enough, no getting greedy, this ramping, 78 retracing market is spastic. 

Charlie Brown

On a stock chat room yesterday, I opined about getting enough drop to entice the bears.

And then a "Charlie Brown Ramp" steep enough that bears feel like "it has to turn down", that is overbought, I don't have that much more to lose if I just hang on---if Lucy just let's me kick the ball this time.

Steep ramp, then frog boil.  

Frog Boil Commentary from Sep 1, 2010
http://oahutrading.blogspot.com/2010/09/frog-boil-tasty-if-you-catch-it-at.html

We will see.   For now expect Frog Boil garnished with a POMO sauce.

No one is talking USD right now, they make a stealth move....creeping around after convincing everyone that they are in a trading range.   After some scary quick drops down.   

This thinking is reverse engineering the Numerati.   Think like a criminal.   What would a criminal do if they had enough control over the market, and yet not grab so much control so that some people still thought it was a "free market" worthy of "investment".

Just got the book 'The Numerati"

The PRS on ES allows the ES to go up to around 1285.   Above 1285 expect any sort of increase.   Up to 1285, expect a turndown.  

Boatload O' Charts

Global warming?

There is so much interesting stuff out there on sunspots, magnetism, gamma rays and cloud formation.

Carbon trade credits are 90% BS way to transfer more wealth to those that already have wealth and influence, and keep the less fortunate corporate entities as subsidence levels.  I could write pages on this but it wouldn't convince you unless you did your own thinking and research anyway.    Sure, the carbon and other gases we are producing are affecting things.   There are many natural cycles affecting things.

Should we try to use less oil, less quickly at least?   Sure.    Less Coal, sure.  

International Gov Bonds a good summary

A good summary, but hard to watch.   They really need charts and ratio charts.

http://online.wsj.com/mdc/public/page/2_3022-govtbonds.html?mod=topnav_2_3024

Compare this to Nov 5, 2008, just a random date I picked.

http://online.wsj.com/mdc/public/page/2_3022-govtbonds-20081105.html?mod=mdc_pastcalendar

And how about Sept 11, 2007

http://online.wsj.com/mdc/public/page/2_3022-govtbonds-20070911.html?mod=mdc_pastcalendar

And for kicks Mar 18, 2009

http://online.wsj.com/mdc/public/page/2_3022-govtbonds-20090318.html?mod=mdc_pastcalendar

Slap Down from the PRS 100 channel line.

I missed this (the back test), very sad, a nice easy 7 ES points.    Now ES has some person pivot support, so we shall see when futures re-opens at 12:00 Noon Hawaii Time.

Looking to improve trading financial performance for 2011.     I have a no brainer solution for you, and it is the first time ever I have see it on sale, and as far as I know, you are going to get this only at Hawaii Trading. 

I post often at BPT.    It is a pay site, private blog.   Very good one at that, lots of trade ideas generated by operators and customers.   I post some of my best stuff there, since, well....it is a pay site, maybe only 50 to 100 people will be on the blog at any time, and for the best ideas....you really don't want 1000 people working on the same idea.

No brainer---here I posted a trade idea from BPT, on DNN, bought at 3.29
http://oahutrading.blogspot.com/2010/12/bought-dip-fear-factor-and-pm.html

I fortunately closed out at 3.52, for a 7% gain, just a quick trade off a small pattern.    Could it run up to 4.00, sure.   It was a small trade, using $6600, or 2000 shares.   At .23 profit (less trade fees, that is $445 profit).   I would not have found this symbol on my own.   It was a 4 day trade.   I may go back in, as it did drop off with the end of day today mini-panic, or it may drop with the market, who knows, buy I more than covered the $240 --6 month membership.

Cost of BPT membership is very cheap, and they have real actionable ideas.    I don't take even 20% of their trade ideas, I review their stuff and if it ALSO integrates with my systems and my requirements for volume/liquidity, then I set alerts and when they go off I move.   (or I set buy over X.XX), i.e. buying on strength, buying on a breakout (aka breakpoint)

This 25% EXTRA COUPON.    Give it a try, there was a guy on the blog just last week saying...."after 25 years of trying hard in trading, I have learned more from being a BPT member in just 2 years, and rarely do I have a losing month."

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Tick and Special Deal

Positive Tick shows that transactions are being conducted at the ask price.   That means people want to buy.

negiative tick shows that transactions are being conducted at the bid price.   That means that on average, people are selling.

What does it mean when the price goes up, yet the tick is negative and getting more negative.   

Hmmmm....for you non- conspiracists out there, please provide an explanation.  

It means that most people are selling, and yet some buyers are buying and getting very bad deals.    What kind of buyers would do this day after day?   

Only the type that is not using their own money, and have some type of vested interest in seeing higher prices.   

2 Charts below are from Dec 31

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Use this coupon code ( 9B0BD6F8AE ) to get an additional 25% off of our 6 month membership! Please note this offer only applies to our 6 month membership!

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China gets into the "con game"

Don't know why but it still seems that those speaking in the Queens English have a lot more likelihood of telling the truth, thus scanning some Australian and UK news can be good.

On the face of it, buying Spain debt is absurd.   What is the real story? 

Chinese state media on Monday also quoted Beijing's ambassador to Madrid as saying China is willing to make "positive efforts" to help Spain with its economic recovery.
Li's meetings this week with Prime Minister Jose Luis Rodriguez Zapatero and Finance Minister Elena Salgado will "play a key role" in financial stabilisation, Xinhua news agency quoted the ambassador, Zhu Bangzao, as saying.
Their talks will focus on expanding trade and economic cooperation and will also help "restore market confidence," Zhu said.

http://news.smh.com.au/breaking-news-world/china-backs-spain-to-emerge-from-crisis-beijing-20110103-19dys.html

Check it out and let me know what you think.

Certainly China has a large interest in countries being able to buy their stuff so that one day that can populate their "ghost cities".

Interactive Brokers

Interactive Brokers trades in  every product you would want, everywhere.   In the past they has a clunky trading interface.   Low fees, great executions.

Kind of the exact opposite of TOS.  

Check them out.

 I added some Excel spreadsheets, just go to the "Real Data Series" Tab near the top of this blog.

Russell VIX (didn't know there was one)

Tick, and moving averages

Tick is kind of all over the board.  The blue line is a 21 day simple moving average.

The original chart idea was from "Ultra" on Evil Spec.   

Tick has broken down, although the market continues to levitate.  Although I would take this as a bearish sign, and a sign of the manipulation, POMO and what not, of the markets. 


I also generated a bunch of other moving averages, the 21 day does see to speak quite well, that is approximately a complete moon cycle if you believe in such things.