Phantasmix Stock Blog http://www.phantasmix.com Trading stocks and options -- contact @ phantasmix.com Fri, 03 Sep 2010 21:04:23 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 ReMoneyhttp://feedburner.google.com $LYG Chart, Sept 3 Update – Going Up in a Channel http://feedproxy.google.com/~r/ReMoney/~3/1gmxm-7zpxg/lyg-chart-sept-3-update-going-up-in-a-channel.html http://www.phantasmix.com/lyg-chart-sept-3-update-going-up-in-a-channel.html#comments Fri, 03 Sep 2010 21:04:23 +0000 Phantasmix http://www.phantasmix.com/?p=3916 Last traded at: (LYG: 4.53 +1.57%) Lloyd’s

A nice tradable channel here, with multiple confirmations. I wouldn’t trade the mid-points, only when the stock touches the top or the bottom of the channel.

Click to enlarge

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]]> http://www.phantasmix.com/lyg-chart-sept-3-update-going-up-in-a-channel.html/feed 0 http://www.phantasmix.com/lyg-chart-sept-3-update-going-up-in-a-channel.html $$ Market Report: Rebound Attempt II? $EUR $GLD http://feedproxy.google.com/~r/ReMoney/~3/KbOHPRpszZg/market-report-rebound-attempt-ii-eur-gld.html http://www.phantasmix.com/market-report-rebound-attempt-ii-eur-gld.html#comments Wed, 01 Sep 2010 13:11:30 +0000 Phantasmix http://www.phantasmix.com/?p=3911 Morning Report: 07.45 London

Summary:

  • Stock market futures are indicating a positive start to the day after a weak session yesterday.
  • Chinese Manufacturing numbers came in slightly above expectations, while Australian GDP smashed estimates to come in at 1.2%.
  • The mood has shifted to glass half full again with the yen under pressure and the Aussie dollar in demand. The AUD/JPY is up 1.12% and the AUD/USD up 1%.
  • Traders are also taking some money off the table on the Swiss franc as the currency gives back some of yesterday’s gains. The EUR/CHF is up 0.44% and the USD/CHF up 0.15%.
  • Gold is still in demand, trading above $1,250 briefly this morning. Gold has closed above this level only twice before.

Markets this morning:



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]]> http://www.phantasmix.com/market-report-rebound-attempt-ii-eur-gld.html/feed 0 http://www.phantasmix.com/market-report-rebound-attempt-ii-eur-gld.html $SPX $SPY S&P 500 Chart Update, August 31 – Oversold http://feedproxy.google.com/~r/ReMoney/~3/JQfUYUSNipg/spx-spy-sp-500-chart-update-august-31-oversold.html http://www.phantasmix.com/spx-spy-sp-500-chart-update-august-31-oversold.html#comments Wed, 01 Sep 2010 05:15:13 +0000 Phantasmix http://www.phantasmix.com/?p=3907 I still insist the general market is oversold and is due to go up. Here’s a chart showing what happened every time oscillators I use got to these oversold levels. Every time the market was higher. The duration of the upswing varied, but there was an upswing nonetheless.

Warning, it’s not a huge sample (1 year, 3 months) but good enough for my purpose.

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]]> http://www.phantasmix.com/spx-spy-sp-500-chart-update-august-31-oversold.html/feed 1 http://www.phantasmix.com/spx-spy-sp-500-chart-update-august-31-oversold.html Markets rally on US jobless claims $$ http://feedproxy.google.com/~r/ReMoney/~3/0pqxS5CkQ28/markets-rally-on-us-jobless-claims.html http://www.phantasmix.com/markets-rally-on-us-jobless-claims.html#comments Thu, 26 Aug 2010 18:09:43 +0000 Phantasmix http://www.phantasmix.com/?p=3901 Market Report: 15.30 London

This afternoon stock and forex markets have extended their rally on improved US jobless claims.

As some skeptics note, the unemployment levels are still at elevated levels, just slightly less than previously thought:

“The economy is now losing just around 73k jobs per month instead of the expected 100k, truly a miraculous result” ? Zero Hedge

Nevertheless, after days of heavy selling on stock markets, the news is helping to fuel a rebound today. The FTSE 100 is up 0.8% while US markets are higher by around 0.3%.

The US dollar and Japanese yen are firmly on the back foot, though it should be noted that the third member of the safe haven trio, the Swiss franc, is holding up well.

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]]> http://www.phantasmix.com/markets-rally-on-us-jobless-claims.html/feed 0 http://www.phantasmix.com/markets-rally-on-us-jobless-claims.html $SPX $SPY Daily and Weekly Charts, August 18 Update http://feedproxy.google.com/~r/ReMoney/~3/3QogaWvlHTI/spx-spy-daily-and-weekly-charts-august-18-update.html http://www.phantasmix.com/spx-spy-daily-and-weekly-charts-august-18-update.html#comments Wed, 18 Aug 2010 06:02:07 +0000 Phantasmix http://www.phantasmix.com/?p=3890 These are pretty self-explanatory. I believe S&P 500 has bottomed - clearly oversold on the daily. Weekly chart looks good, too.

As for the patterns, look at the daily – early May to present. Looks like an inverse Head-and-Shoulders. Another point in the bullish camp.

Click to enlarge

Daily

spx-daily

Weekly

spx-weekly

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]]> http://www.phantasmix.com/spx-spy-daily-and-weekly-charts-august-18-update.html/feed 0 http://www.phantasmix.com/spx-spy-daily-and-weekly-charts-august-18-update.html $$ Japanese GDP Hints at Global Weakness http://feedproxy.google.com/~r/ReMoney/~3/CJiDgf6e9tA/japanese-gdp-hints-at-global-weakness.html http://www.phantasmix.com/japanese-gdp-hints-at-global-weakness.html#comments Mon, 16 Aug 2010 12:21:20 +0000 Phantasmix http://www.phantasmix.com/?p=3888
  • Japanese Q/Q GDP came in at +0.1%, well below analyst’s estimates.
  • The news also sees Japan drop to become the third largest economy in the world behind the US and China. — I thought this was interesting.
  • As the global go-to currency in times of fear, the news has ironically increase demand for the Japanese yen.

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    ]]>     http://www.phantasmix.com/japanese-gdp-hints-at-global-weakness.html/feed 0 http://www.phantasmix.com/japanese-gdp-hints-at-global-weakness.html     Extreme Pessimism About Economy $$ http://feedproxy.google.com/~r/ReMoney/~3/kDlhpKw2TVk/extreme-pessimism-about-economy.html http://www.phantasmix.com/extreme-pessimism-about-economy.html#comments Wed, 11 Aug 2010 19:45:16 +0000 Phantasmix http://www.phantasmix.com/?p=3880 Came across this posting on a Linkedin board, and I’m sure there are many more out there similar to it:

    “Reality is we’re in a helluva bear market rally. No recovery. Plunging Dow. Skyrocketing gold. Long term unemployment in low to mid double digits. Wealth seeking non-Dollar protection aka Swiss Franc and gold bullion. Real estate nose diving for several more years. Global compensation seeking parity US vs. developing economies, currently 10:1 ratios and more, evening up with US rates of compensation at about half current US values and developing economies climbing 500% to meet us in the middle.

    Bankrupt industrial countries, including the US in coming years. Future belongs to economically rising developing countries, especially in the Orient and more specifically China. Wars will be fought over natural resources, especially oil…indeed we are already fighting over that. Currently only half the uranium supplies available to service all of the nuclear plants currently under construction. Standard of living in US will continue to fall dramatically. US economy may follow Japan in 1990s when residential real estate lost 90% former value and commercial real estate lost 99%…not even yet fully recovered. Buckle your belts folks. The ride is just beginning. “

    I just want to ask this person, why not just shoot yourself right now and spare yourself all that trouble?

    Maybe he’s writing from China, I don’t know. Does China allow access to Linkedin?

    And just a quick note about Japan (once again), despite all their economic woes, their average living standards are still higher than those in the U.S. It’s all relative.

    dhoedhn-1950-dh

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    ]]>     http://www.phantasmix.com/extreme-pessimism-about-economy.html/feed 0 http://www.phantasmix.com/extreme-pessimism-about-economy.html     $LYG August 4, 2010 Update, Fibbonacci Retracement Levels http://feedproxy.google.com/~r/ReMoney/~3/uULxu7uk0zk/lyg-august-4-2010-update-fibbonacci-retracement-levels.html http://www.phantasmix.com/lyg-august-4-2010-update-fibbonacci-retracement-levels.html#comments Wed, 04 Aug 2010 18:05:07 +0000 Phantasmix http://www.phantasmix.com/?p=3874 Click to enlarge

    lyg-fibs

    My plan is to sell half of my (LYG: 4.53 +1.57%) at $7ish, maybe slightly above. Will hold the rest to $12, but have to get to $7 first. I’ll post reasoning for $12 when the time comes.

    Lloyds posted a (relatively) fat profit today.

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    ]]>     http://www.phantasmix.com/lyg-august-4-2010-update-fibbonacci-retracement-levels.html/feed 1 http://www.phantasmix.com/lyg-august-4-2010-update-fibbonacci-retracement-levels.html     $$ Stock Blogs and Intermediate Market Bottom http://feedproxy.google.com/~r/ReMoney/~3/-kvLYOOjjCA/stock-blogs-and-intermediate-market-bottom.html http://www.phantasmix.com/stock-blogs-and-intermediate-market-bottom.html#comments Mon, 12 Jul 2010 03:41:15 +0000 Phantasmix http://www.phantasmix.com/?p=3866 OOPS Wrote this 4 days ago, forgot to post.

    I haven’t been following many individual stocks lately (just (LYG: 4.53 +1.57%)) and for the general market direction, I’m still using my favorite daily and weekly charts. — Will post charts during the week.

    This year I took ‘sell/don’t buy in May and go away’ to heart.

    Nothing interesting has happened with money flow in relation to market prices (NYSE Dollar Volume and Average Closing Prices).

    My only source of information, or rather review and analysis, has been Gary Savage. In short, his opinion is that we’ve hit or are scraping an intermediate cycle bottom. This should give a good boost to the bull market. — Already happened.

    I also diligently read Le Duc.

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    ]]>     http://www.phantasmix.com/stock-blogs-and-intermediate-market-bottom.html/feed 0 http://www.phantasmix.com/stock-blogs-and-intermediate-market-bottom.html     Cats are Democrats, Dogs are Republicans http://feedproxy.google.com/~r/ReMoney/~3/5use7f9yvvg/cats-are-democrats-dogs-are-republicans.html http://www.phantasmix.com/cats-are-democrats-dogs-are-republicans.html#comments Tue, 29 Jun 2010 13:37:33 +0000 Phantasmix http://www.phantasmix.com/?p=3861 cats_are_democrats_dogs_are_republicans

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