PSEi WEEKLY REVIEW 6/20/08

June 23, 2008 By whipsaw_p6chat Leave a Comment

 

PRICE AND TURNOVER
Close: 2,578.57
Change: -14.02(-0.54%)
Value: 2,248,899,110

MARKET BREADTH
Net Advancing Issues: -34
Net Up Volume: -1,033,523,710
Net Foreign Buying: 309,676,860

TRENDS
* UNDEFINED PRIMARY TREND | Broken UP trendline | Corrective wave | Prior resistance 3896
* INTERMEDIATE DOWNTREND | Directional wave | Prior support 2510 | Prior resistance 2903
* SHORT TERM PROVISIONAL DOWNTREND | Directional wave | Prior support 2510| Prior resistance 2650

CHART WATCH
The index continues its short term and intermediate downtrend. Coming from an interrupted uptrend, the primary trend, although technically undefined, has been on a declining wave since Oct-2007. The next critical level is the prior support of 2510.

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Filed Under: Stock Market & Finance

DJIA 6/20/08 WEEKLY REVIEW

June 23, 2008 By whipsaw_p6chat Leave a Comment

PRICE AND TURNOVER
Close 11,842.69
Change -220.40 (1.83%)
Volume 1,051M

MARKET BREADTH NYSE
Net Advancing Issues -2136
Net New Highs -250
Net Up Volume 518,494,226

TRENDS
*PROVISIONAL PRIMARY DOWNTREND | Directional wave | Prior support 11634 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Directional wave | Prior Support 11731 | Resistance 13136
*SHORT TERM DOWNTREND | Directional wave | Prior Support 12076 – Broken | Resistance 12320 | TP 11800
TECHNICAL ANALYSIS
The Dow continues to trend downward in all time frames. It is nearing the 11800 MMTP that we cited earlier.

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Filed Under: Stock Market & Finance

Shooting For Tom’s World

June 23, 2008 By mcgradyfan 5 Comments

Two months ago, a friend of mine asked me if I knew TOM'S WORLD. I had no idea what he's talking about, so he explained to me that it is similar to Timezone except there is one glaring disparity…the price of the tokens. This friend of mine is a real cheapo, so when he recommends something, then by golly, it has to be CHEAP!
 
For P200, you get to buy 40 tokens + 20 free tokens. Thats a total of 60 tokens. So each token comes up to about P3.33, way cheaper than others who charge P18 per token/game.
    
There are a lot of games to choose from. They have shoot-em-ups, driving games, sports (baseball, bowling, boxing?), arcade games, even karaoke stations.  Read more... (287 words, 8 images, estimated 1:09 mins reading time)

Filed Under: Entertainment Tagged With: , ,

The Commodity Boom?

June 23, 2008 By MTM Leave a Comment

Here's a clip on the recent strength of commodities, made in March. Notable points on:

- parabolic moves in commodity trends, usually prior to bursting
- not all commodities are equal, some are doing better, some are really doing worse
- the media covering all the "all-time highs" in commodities.

Interesting note is that the clip was done just as Gold was hitting $1000 and the analysis had an early warning of an impending decline (although not confirmed as of the the video's date)–which of course happened shortly after.

Philippine Peso is special mention–to illustrate that the boom in commodities has been largely against the US Dollar, as other currencies have also appreciated against the Dollar. So it's largely a dollar weakness fueling the commodity boom.  Read more... (134 words, 8 images, estimated 32 secs reading time)

Filed Under: Trading Tactics Tagged With: , ,

Cramer’s Lucid Interval

June 23, 2008 By MTM Leave a Comment

Mad Money's Jim Cramer, normally crazy, actually makes sense to me in this clip. Good points on the inverse relationship between Oil and stocks, first on futures, and secondarily on oil-related stock plays vs. more general economy plays.

Also good points on value players vs. momentum players.

WPvideo 1.02
Cramer: What to Buy as Oil Falls
Download here

Cute host too.

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Filed Under: Stock Market & Finance, Trading Tactics Tagged With: , , ,