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FTU: Fibozachi Technical Update - 12.15.09
FTU: Fibozachi Technical Update - 12.15.09
In this 12.15.09 edition of the Fibozachi Technical Update (FTU), we present you with 15 technical profiles of the BKX - Bank Index, Crude Oil Futures, Natural Gas Futures, the VIX, the US Dollar Index, and IBM common stock.
- Please click on any of the snapshots below to open a large, crystal-clear picture -
BKX Bank Index
Crude Oil Futures (CL)
VIX: CBOE Volatility Index
US Dollar Index
Natural Gas Futures (NG)
IBM: International Business Machines
Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat and merry at the time of publishing ...
For similar technical takes, market calls and insights; please visit our brand new website, www.fibozachi.com. There, you can view both our complete body of analytic work as well as detailed explanations of the unique design development and technical methodologies within the proprietary technical indicator packages that we use daily to perform a comprehensive technical analysis of stocks, options, ETFs, bonds, futures and FOREX across interval periods of time, tick and volume.
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The only thing I have figured out the past few months: Fundamentals don’t matter. charts don't matter...bad news doesn't matter. bankruptcy doesn't matter....the Fed and treasury have injected $3 Trillion into the market...300 Billion shares of $10 stock...that's all that matters...they can outsell and overbid at any time...
Does putting up 400 charts make someone smarter? My eyes just kinda glaze over and I start drooling.... What a waste of time... www.pitbulltrading.blogspot.com
ahh, a fellow dog, but I'm afraid you'd probably treat me like a snack...
I think the chart thing is a learning/communicating style thing...to me charts are easy visual information, like reading a comic book, mostly pictures with a few captions, and they can present much data, be dense with meaning, without having to look at a list of numbers...yet I know lots of smart people that say same thing about charts you do
The DXY rally i forecast some months ago remains in an uptrend on the daily chart. Weekly chart is now showing some bullish signs.
Equity index daily charts continue to show signs of weakness. (DOW / SP500 / FTSE etc.) Weekly charts remain in an uptrend since March 2009.
Crude oil daily chart is now developing a downtrend.
http://www.zerohedge.com/forum/market-outlook-0
thanks in particular for the BKX which I follow closely.
that was one hell of a break below 42.80 today.
i'm looking for 37!
Fib
Thanks for the excellent charts. A couple quick questions for you on the VIX: Is a falling VIX highly correlated with a rising S&P? Is there any type of discernable lead or lag patterns? For instance the VIX was at its highest levels in Oct. but the S&P hit its lows in March. Your insight into this matter would be much appreciated.
Great question, butchee !
Once we finish up client calls around 03:30 we'll try to put together a quick piece that will try to briefly answer your question.
Fib,
Nice charts and analysis. IBM looks for ripe for some OTM leap put purchases. This, coupled with the VIX ready to explode, makes for a nice combination.
JC
Maybe you can help out on this one. What was going on with the relentless jpy selling today? if it was the boj, they did slow and painful.
To Missing_link
I use firefox and can see the charts. May be you can right click on the chart and choose/click 'view image' to view image.
I have no trouble getting the charts on Firefox.
Excellent as always !
Thanks
Hmmm. Firefox REALLY doesn't seem to trust this website. It takes me to an "Untrusted connection" page and then tells me "This site attempts to verify itself with untrusted information" when I try to obtain a certificate.
Why can't you just paste the charts inline?
We assure you that every page of our website is 100% secure; as verified by the image below.
We are currently installing a software update to our SSL Certificate in order to support a much wider variety of browsers, which should provide a solution for the few who are encountering an issue.
Great work. Truely apreciated!
Great charts ... again ... thx