Tuesday, July 27, 2010

The economy, or the market?

I just read this, which makes me think about all the time spent reading and and trying to predict the future of the economy...may be is better to use our time and brain to study and analyse business and companies instead of the economy...because in the market, we are the ones that takes the decisions (we decide in which side of the trade stay). On the other hand, In the economy, the decisions are taken by everybody, except us.

"Forecasting stock prices based on a forecast of the economy has almost always led to disappointment. 
Rather, the stock market should be seen generally as a good predictor of the economy—although not always."

Sunday, July 25, 2010

Saturday, July 24, 2010

Thursday, July 15, 2010

Logarithmic or arithmetic charts?

If we use the logarithmic scale, the SPX is under the trend-line. If we use arithmetic scale, it is above the trend line. So?

I compared this situation with the one that happened in 2009. Let's see:

Now, in 2010:

Saturday, July 10, 2010

Road map

This is the pattern that I am following. Until it is broken, I will be waiting for a definition.

Analysts following this pattern: Charlie and analista tecnico.

Wednesday, July 7, 2010

Wait & See

Today's action was really strong.  But the trend continues down (Using weekly EMA's) and we have some resistances.  I am waiting for a signal to go short. 
S & P 500:

S & P 500:

Dow Trasnports


Sunday, July 4, 2010

Thursday, July 1, 2010

The edge

S & P500:



Russel 1000 Financial index:

Global Markets Heat