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FTU: Fibozachi Technical Update - 12.15.09

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Technician's Corner

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

 

BKX 34 Minute

BKX Daily

 

Crude Oil Futures (CL)

 

CL 34 Minute

CL 144 Minute

 

VIX: CBOE Volatility Index

 

VIX 34 Minute

VIX 144 Minute

VIX Monthly

 

US Dollar Index

 

DXY Daily

DXY Weekly

 

Natural Gas Futures (NG)

 

NG Daily

NG Weekly

NG Monthly

 

IBM: International Business Machines

 

IBM Daily

IBM Weekly

IBM Monthly

 

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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Wed, 12/16/2009 - 09:30 | 165751 wgpitts
wgpitts's picture

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...

Wed, 12/16/2009 - 05:38 | 165678 PitbullTrading@...
PitbullTrading@gmail.com's picture

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

Wed, 12/16/2009 - 08:53 | 165721 moneymutt
moneymutt's picture

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

Wed, 12/16/2009 - 02:10 | 165574 Grand Supercycle
Grand Supercycle's picture

 

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

Tue, 12/15/2009 - 22:08 | 165382 deadhead
deadhead's picture

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!

Tue, 12/15/2009 - 22:02 | 165375 butchee
butchee's picture

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.

Wed, 12/16/2009 - 01:39 | 165559 Chopshop
Chopshop's picture

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.

Tue, 12/15/2009 - 21:25 | 165326 john_connor
john_connor's picture

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

Tue, 12/15/2009 - 20:09 | 165223 Anonymous
Anonymous's picture

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.

Tue, 12/15/2009 - 19:43 | 165179 Anonymous
Anonymous's picture

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.

Tue, 12/15/2009 - 19:24 | 165141 Anonymous
Anonymous's picture

I have no trouble getting the charts on Firefox.

Tue, 12/15/2009 - 19:11 | 165118 Remus
Remus's picture

Excellent as always  !

Thanks

Tue, 12/15/2009 - 19:08 | 165113 Missing_Link
Missing_Link's picture

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?

Tue, 12/15/2009 - 21:14 | 165312 Fibozachi
Fibozachi's picture

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. 

 

Tue, 12/15/2009 - 18:57 | 165094 alexdg
alexdg's picture

Great work. Truely apreciated!

Tue, 12/15/2009 - 18:41 | 165078 Cap
Cap's picture

Great charts ... again ... thx

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