CHARTLINES (tm): Suggestions for reading going into the weekend

Friday, July 10, 2009

Suggestions for reading going into the weekend

Here are some suggestions for articles, comments and news reports to help get you started for weekend reading. Not that this should slow you down from celebrating your Friday evening! Have a great weekend all, and we'll "see you later" with more analysis during the weekend!

Technically these first two are "RT" re-tweets from GreenLightAdvisor's GreenLite on Twitter but I don't know how to re-tweet yet, LOL (if these links don't work then just go to the first link just above for GreenLight (also in my sites list at right):
Bill King: Automated front-running on an unfathomable scale http://bit.ly/sGFvf (funny, it reminds me of the situation in UNG and people asking if it really needs to get to $12 - I wonder if there could have been some funny activity with the low at 12.11 being slightly above limit orders at 12.10? well the way UNG is acting it probably does need to get to $12, might end up digging a bit under, and then we can finally see a true reversal pattern)(I'm not saying this does have anything to do with UNG! it just makes one wonder).
- Re-read Raymond Merriman's comments from last weekend, and even the comments from him during the past several weeks - we already knew there would be such stories coming out, at least we knew in general concept. Will be interesting to see what Merriman's got to say this weekend!
- We're lucky we don't need sophisticated high-frequency trading software, we can just use good ol' Fibonacci and other techniques, in any time frame!

Rosenberg interview: Cold truth about the economy and markets http://bit.ly/CrPbA

And some more:

What Commodity Prices Are Telling Us (7/10/09, at Brett Steenbarger's TraderFeed blogspot)

Freaky Friday Potpourri: The Calm Before the Storm (Todd Harrison) and Five Things: The Eventual Upside of Risk Aversion (Kevin Depew), today at Minyanville News & Views

Last Quarter Is Going To Be Hard To Beat (7/10/09) at Bespoke Investment Group

So Where, Exactly, Did Lehman's $130 Billion Go? by Yves Smith, and Guest Post: Jersey's Jitters: An Omen For Public Plans? (7/10/09) at Naked Capitalism

Ben Bernanke Back Into The Populist Spotlight by Tyler Durden (7/10/09) at http://www.zerohedge.com/ (Zero Hedge's new home - though maybe they'll also stay at http://zerohedge.blogspot.com/, I don't know).

Tony Caldaro's Friday evening update at Elliott Wave Lives On.

No comments:

Post a Comment

Welcome to ChartLines (tm)!

Our philosophy is to approach financial markets with unbiased charting for unbiased trading. Our attitude is "No Bull - No Bear - No Bias" (tm). You'll find market and charts commentary here. News feeds by topic are below ... browse our posts by label, and check other sites of interest (listed below).

KI$$ (tm)* S&P 500 index-tracking position:
Cash or caution; should remain above 1274/1296 to support bullish theory. Needs to continue making higher lows on daily charts as well. Caution until past 1360, and also into autumn.. ALERT: bearish setup seems to be confirming - sell rallies (go to cash) or hedge, unless SPX makes 1360 support. Lower lows may be in the weeks ahead.

Oil (USO, etc.) - Await confirmation that low is in.

Natural gas (UNG, etc.) Possible cycle low completed, but KI$$ traders should most likely avoid this given vulnerability to being a longer term bear market.

Gold & Silver: Possible low carved 6/4-8/12; cautiously long assuming that's important support. If this low doesn't hold, then 1392 remains possible. If for some reason 1392 didn't hold then it could fall toward 1100-1200 so respect the levels. If this low holds then may well start heading toward new highs.

US Treasury Bonds: holding up surprisingly well and may continue as reserve/quality if stock markets break down.

*KI$$ is Ariel's trademarked and proprietary portfolio position indicator, primarily for stock-market tracking accounts. This will be updated to the greatest extent reasonably possible. Also be sure to follow posts about specific asset classes, updated from time to time. However, guarantees cannot be provided; see site's disclaimers and take responsibility for your own investments.

A special welcome to all my trading buddies from the previous UnbiasedTrading.blogspot! (and particularly those going all the way back to TTC days!)

I post here my charts - preferably with lines marked, eh?! - and comments on how I'm seeing the markets going. Certain other analysts are featured here on a regular basis, as they have given permission for their commentaries to be posted here - always with reference to their own sites of course (they're among the "Other Sites of Interest" listed below). From time to time I also post quotes, reviews or references of published work by additional technical or financial analysts - always with citations to their work.

And I provide my own chart analysis and commentaries, whether as standalone posts or as introduction to the featured work of others. All with the purpose of helping others gain more insight into ways to navigate financial markets happily, and we hope successfully.

My occasional @ChartLines tweets are at Twitter.com/ChartLines.

Money management is critical to the success of any trader or investor, but it's important to have good analysis, whether swing trading, intraday trading or investing. Browse this site (home) and see how the unbiased trading approach of ChartLines can help you too!

Other Sites of Interest:

Here are other sites of interest for good analysis, reference and input. The order of the sites listed isn't necessarily to indicate priority, of course:

1. Watershed research on market forecasting from Chartsedge (including very neat "maps" for intraday), by Mike Korell: Weekly cycle charts at Chartsedge, and daily (intraday) charts posted periodically at Chartsedge Daily Market Maps. (For access to daily maps when posted overnight, you'll need the reasonably-priced ChartsEdge subscription.)

2. Andre Gratian's market analysis which he puts forward at SafeHaven.com, and his website is http://www.marketurningpoints.com/.

3. Objective Elliott Wave as presented by Anthony Caldaro at his the Elliott Wave Lives On site (his public charts are available from the charts links he provides there).

4. Cycles work by Jim Curry at CycleWave - Market Turns. There's also another cycles analyst I refer to often, Tim Wood at his Cycles News & Views service. Each of these experts has a very good track record and a remarkable amount of work, explanation and attention to detail. In addition, Tim also comments on Kondratieff waves and Dow Theory, and addressses equities markets, bonds, gold, currencies, commodities and more.

5. John Hampson's modeling at http://amalgamator.co.uk, based on geomagnetics, the Bradley siderograph and full moon/new moon cycles, also looking at gold, VIX and other indicators for perspective.

6. Financial astrology and sociological-economic commentary by Raymond Merriman at mmacycles.com, including free weekly comments at Merriman Market Analyst Weekly Comments.

7. Bill Luby's VIX and More blogspot. Also VIX, put/call (options) and sentiment commentary by Todd Salamone and others, including Bernie Schaeffer himself of course, at Schaeffer's Research site. Sentiment surveys by the ISE (the ISEE charts and data, accessible for equities/indices/ETFs), SentimenTrader, and the TickerSense sentiment poll at TickerSense.

8. Weekly COT (commitments of traders) reports - sadly, they only come out each Friday afternoon reporting on COT positions as of the preceding Tuesday, so always a bit dated: COT (Commitments of Traders). There's also COTS Timer blogspot. And check out the Option Pain CBOE (Max-Pain) Calculator from OptionPain.com.

9. Excellent trading education, training and psychology at Brett Steenbarger's TraderFeed blogspot. Weekly economic calendar as presented by MarketWatch; and FXStreet.com's daily updated economic calendar covering the U.S. and other countries.

10. New - news and insight at Jesse's Café Américain. Articles and interviews posted at GreenLightAdvisor; "The Macro View" at Seeking Alpha; Markets news, insights and perspectives at Minyanville News & Views; a blogs review at 4Best4Worst Blogs; anything at Financial Ninja; posts at Bespoke Investment Group; quick wit along with some wisdom and insights: Crossing Wall Street; and financial news analysis from the experts at Naked Capitalism.

11. Terry Laundry's T Theory work at his T Theory website. There are also other sites that have some good technical analysis like Shanky's TechBlog; technical analysis by Kenny at Kenny's Technical Analysis Blog; trendline analysis at http://xtrends.blogspot.com/; and Carl Swenlin's work at DecisionPoint.com.

12. PTV-Investing Blog where Andy Askey uses Gann analysis and price/time overbought/oversold measures, plus volume to assess market strength. Also keep an eye on Elliott Wave analysis at AllAllan's blogspot, and Daneric's Elliott Waves blogspot too. You might check out Carl Futia's blogspot, and Carolan website with "solunar" calendar and more. Drop in at Charts and Coffee too, for a range of market charts. May start checking out The Chart Pattern Trader blogspot ...

13. Charting you can do at Stockcharts (and if you're doing intra-day trading you should consider their subscription package that includes intraday real-time data) ... don't overlook their very good free "Chart School" including how to use indicators, at Stockcharts Chart School.

14. My other blogspot "Tao of Trading" with commentaries about psychology and similar aspects of trading, at Tao of Trading.
Birthcharts under the Five Elements system are available - if interested in having a birthchart detailed specifically for your birthdate (specific date and time including time zone information are needed), email chartlines@yahoo.com and
indicate payment arrangements. Payment of $60 per birthchart can be arranged via PayPal.
The $60 birthchart includes a full electronic document detailed to your specific birth date and time. You can order for yourself, and/or for others (makes a thoughtful gift when a child is born, for another's birthday gift, wedding or for any other occasion). For an extra $20, a quick "love match" or "relationship match" page can be added. For this, all that's needed are the birth dates of both people (exact times not required).

15. An arts blogspot, Christa's Fine Art Paintings, a gallery of artwork she painted through the decades.

CHARTLINES (tm)

Friday, July 10, 2009

Suggestions for reading going into the weekend

No comments:

Post a Comment

Wikinvest Wire

Welcome to ChartLines (tm)!

Twitter updates:

Twitter Updates

Tony Caldaro's OEW updates

List of posts by labels:

Add PayPal functionality to your business:

Other Sites of Interest:

World Climate

Feed of posts from my "UBTNB3" site

Bloomberg TV

CHARTLINES (tm)

Friday, July 10, 2009

Suggestions for reading going into the weekend

No comments:

Post a Comment

Wikinvest Wire

Welcome to ChartLines (tm)!

Twitter updates:

Twitter Updates

Tony Caldaro's OEW updates

List of posts by labels:

Add PayPal functionality to your business:

Other Sites of Interest:

World Climate

Subscribe to ChartsLines blog

Feed of posts from my "UBTNB3" site

Bloomberg TV