tag:blogger.com,1999:blog-50025879240587314052024-02-06T20:22:55.581-08:00The Aspiring Fund ManagerKevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.comBlogger59125tag:blogger.com,1999:blog-5002587924058731405.post-24116614391045933972011-02-16T09:42:00.000-08:002011-02-16T10:30:01.245-08:00What is Dr. Copper telling us?Copper is now almost 20 cents off its all time high in a matter of 2 days.. this is a very bearish indicator for stocks. the pattern is likely an indicator to reduce long stock holdings, or get short if you haven't already. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIP7xQhYBjNIIJbhykVRhqiY32jHyQwTsOxvLbsG1P3hfa8X-Iqyq3YEGj4pbO7sixYOF0O5ATLvTUW2IBzMIjMAceY8VjCZliIof0h0l0Q5RDUGKt1c7K3MPTNfQZyp0Xs0RcnM2TGT8H/s1600/Copper+Feb+16th+2011.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 283px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIP7xQhYBjNIIJbhykVRhqiY32jHyQwTsOxvLbsG1P3hfa8X-Iqyq3YEGj4pbO7sixYOF0O5ATLvTUW2IBzMIjMAceY8VjCZliIof0h0l0Q5RDUGKt1c7K3MPTNfQZyp0Xs0RcnM2TGT8H/s400/Copper+Feb+16th+2011.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5574353779528134850" /></a><br /><br />S&P500 <br /><br />look for the S&P 500 to retrace back to its 50 day moving avg, and perhaps even a test through it. if the 1261 level is broken for the Egypt riot lows it can easily head to 1180. for now lets keep the 1270 to 1290 area in mind. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhymgWNGYyw7UJo9dzar8zOpasyil22kcDEZBrJYMCx9ETNmsEIXQLjDR81tXlbTEvMZQpFoM0nkbqEEfGdmVJnu6O280ulLtJ9TJ2iDn8Jlq24mWd_oQ3jqZeEqPqSg1iEN_VjzpfxugdN/s1600/S%2526P+500+feb+16th+2011.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 229px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhymgWNGYyw7UJo9dzar8zOpasyil22kcDEZBrJYMCx9ETNmsEIXQLjDR81tXlbTEvMZQpFoM0nkbqEEfGdmVJnu6O280ulLtJ9TJ2iDn8Jlq24mWd_oQ3jqZeEqPqSg1iEN_VjzpfxugdN/s400/S%2526P+500+feb+16th+2011.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5574355698749263186" /></a><br /><br />USDCAD<br /><br />look for the Canadian Dollar to fall vs. USD, the recent selloff in Crude hasn't yet affected the USDCAD but it could rise to the 1.02 are in coming weeks good for 300 pips<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis8kvr0IYrHLkn6IlUoozQZ37hHIUwo3KaJdgPZqa8o7nRnytjeAiO7YwEkRqcTI6yA0QFFh-dOGG3Bi6It3-pZnDK_-BjhgS5LETiwLqCK06sSJ6uRRX2ja0gCBpISyzJJ4JJxdL5y3zJ/s1600/USDCAD+feb+16th+2011.jpg"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 260px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis8kvr0IYrHLkn6IlUoozQZ37hHIUwo3KaJdgPZqa8o7nRnytjeAiO7YwEkRqcTI6yA0QFFh-dOGG3Bi6It3-pZnDK_-BjhgS5LETiwLqCK06sSJ6uRRX2ja0gCBpISyzJJ4JJxdL5y3zJ/s400/USDCAD+feb+16th+2011.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5574356354745167506" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-14557211776960763742011-01-13T10:03:00.001-08:002011-01-13T10:11:47.958-08:00intra-day Cheat sheet on Goldjust take a look at this intra-day chart of gold showing 1000 days of data averaged together, absolutely incredible to see the daily similarities. <br />obviously this pattern doesn't happen every day but you can use this as a guide to time entries and exits with some statistical evidence.<br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8rik1X7et0KI4wxAshzW7UCfCIf2ClPUPcoPv06x1B6qZA9er9aSYMjUQISBblydBE9zly59YmdXROG2Vt5UaxSwW5NqOHLADZ57l2lqIvhx0AUTiTbhpQW1NEtArLTzQ1TLZpqxpfYEv/s1600/goldcore_bloomberg_chart3_13-01-11.PNG"><img style="cursor:pointer; cursor:hand;width: 400px; height: 299px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8rik1X7et0KI4wxAshzW7UCfCIf2ClPUPcoPv06x1B6qZA9er9aSYMjUQISBblydBE9zly59YmdXROG2Vt5UaxSwW5NqOHLADZ57l2lqIvhx0AUTiTbhpQW1NEtArLTzQ1TLZpqxpfYEv/s400/goldcore_bloomberg_chart3_13-01-11.PNG" border="0" alt=""id="BLOGGER_PHOTO_ID_5561733315762001810" /></a><br /><br />Below i've included a chart of todays intraday gold price, note the perfectly correlated tops and bottoms with the 1000 day average chart<br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivg0GZ4U0_3Zhc7KyFk1-4miMmV4ZUOIVMzdFzPsVWgBlwh0WWsh1orcTCEHv1uNyvunRwwin-uRObqNuYBv63hdHttyIvq99o89pURKeHKb-HVgAiASzc5yJat_JcRvxdfD-mhVmOt6PT/s1600/Gold+afternoon+jan+13th+2011.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 316px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivg0GZ4U0_3Zhc7KyFk1-4miMmV4ZUOIVMzdFzPsVWgBlwh0WWsh1orcTCEHv1uNyvunRwwin-uRObqNuYBv63hdHttyIvq99o89pURKeHKb-HVgAiASzc5yJat_JcRvxdfD-mhVmOt6PT/s400/Gold+afternoon+jan+13th+2011.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5561734490286874402" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-86547826572074986062010-12-02T11:11:00.000-08:002010-12-02T11:24:25.891-08:00Selling Half of Longs at 1219.25I'm selling Half of my ES position at 1219.50, i'm still looking for 1250 but i think its a good idea to scale back after that two day monster rally.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBDd6IUP6PMOpFDv0Gf_5_2bQ4IEfG1ciGnuK_enUo8nOqQ8ZJl5llj21p4NA9FltMEzizOKkMXYcfygSxQVRy94nm7b3RxWqdLxpZLa2dtywofgJcAMgniEp9vacNSGRPwYkMQc5nU9rD/s1600/ES+sell+dec+2nd%252860+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 283px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBDd6IUP6PMOpFDv0Gf_5_2bQ4IEfG1ciGnuK_enUo8nOqQ8ZJl5llj21p4NA9FltMEzizOKkMXYcfygSxQVRy94nm7b3RxWqdLxpZLa2dtywofgJcAMgniEp9vacNSGRPwYkMQc5nU9rD/s400/ES+sell+dec+2nd%252860+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5546167724942491298" /></a><br />i see as i've just sold the market exploded higher to 1221.75.... i might have been a little too quick in sellingKevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-26504393115015681962010-12-02T06:19:00.000-08:002010-12-02T06:38:31.569-08:00Dec 2nd Morning market Previewwhat looked to be a pretty calm after hours session with a rise to 1212 on the ES has turned volatile due to some less than encouraging Unemployment Claims at 436K vs expected 425K as well as the ECB President and Vice President speaking. <br /><br /><span style="font-weight:bold;">S&P 500</span><br /><br />the ES was very well defended at 1202, which should hold for the day... if not look for 1196.25. market still looks very bullish. <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjqMsg8z5pLl_357CcB7ZGqxf6IU2Xniz634PKlL1fwqIL5yBjSHrNI-xs9IrTVlEThX3INgH6p1QB9zZJP8gwJ7fE5PjuzlULbT_3S11iA0jpHZmNayuDfRe3iR9ElNEhi7k_0dUEMlR8/s1600/ES+dec+2nd+morning+%25285+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 306px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjqMsg8z5pLl_357CcB7ZGqxf6IU2Xniz634PKlL1fwqIL5yBjSHrNI-xs9IrTVlEThX3INgH6p1QB9zZJP8gwJ7fE5PjuzlULbT_3S11iA0jpHZmNayuDfRe3iR9ElNEhi7k_0dUEMlR8/s400/ES+dec+2nd+morning+%25285+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5546091597768372914" /></a><br /><br />it appears to have made a reversal candle on the 15min chart. <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPSqieWwYP6HJiOJI39LcbaLWsLnGfuoAoOLgt29gfKp3JQ159Bie2ZZplmr1MOgqmzULYk5u1qLaFE0uw2kkfV11aI1QOpYt7Bw4ZEbwtNI3F8VuT4Ff22Omjnki_ofIIeqt3gp_mvwAX/s1600/ES+morning+dec+2nd+%252815+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 306px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPSqieWwYP6HJiOJI39LcbaLWsLnGfuoAoOLgt29gfKp3JQ159Bie2ZZplmr1MOgqmzULYk5u1qLaFE0uw2kkfV11aI1QOpYt7Bw4ZEbwtNI3F8VuT4Ff22Omjnki_ofIIeqt3gp_mvwAX/s400/ES+morning+dec+2nd+%252815+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5546092788176326066" /></a><br /><br /><span style="font-weight:bold;">GOLD</span><br /><br />Gold held up well as the ECB President and Vice President were speaking, the 1385 zone held up as support instead of resistance. a close above 1396 will be very bullish. look to buy pullbacks today<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghPgsg1kwDXeoxLzYgkTd84fQJH46lhuPOAz4_-gWpUOEPBqIsMmeM1-01z6cQjXN47vfYNxnBc4ycP-BN_UzMpaMawKEhoSP_HB6PBw4-s1jzepe5FKsg44y2JkSE85Rw5v_xIFq8R5SU/s1600/Gold+morning+dec+2nd+%25285+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 249px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghPgsg1kwDXeoxLzYgkTd84fQJH46lhuPOAz4_-gWpUOEPBqIsMmeM1-01z6cQjXN47vfYNxnBc4ycP-BN_UzMpaMawKEhoSP_HB6PBw4-s1jzepe5FKsg44y2JkSE85Rw5v_xIFq8R5SU/s400/Gold+morning+dec+2nd+%25285+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5546093365923468850" /></a><br /><br /><br /><span style="font-weight:bold;">EURUSD</span><br /><br />the EURUSD has been on a wild ride, up over 100 pips last night only to fall over 100 pips as the ECB leaders began to speak. providing a great area to get long. <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWI0JTDaOFw5ex_Ofp68nKVkCDK7_wGEZF8sFyv6AkFjay83RxiLKOkK5cOGhhG6j6tXZcsEJQZbOlaFcaRvx06Wb_XOf73gfcsywF0GVhU_Pt_hERGcfMIhHfJvrcoGNtp7MZKh5PsVo-/s1600/EURUSD+morning+dec+2nd+%25285+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 286px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWI0JTDaOFw5ex_Ofp68nKVkCDK7_wGEZF8sFyv6AkFjay83RxiLKOkK5cOGhhG6j6tXZcsEJQZbOlaFcaRvx06Wb_XOf73gfcsywF0GVhU_Pt_hERGcfMIhHfJvrcoGNtp7MZKh5PsVo-/s400/EURUSD+morning+dec+2nd+%25285+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5546093916651344210" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-78892481891753118472010-12-01T12:48:00.001-08:002010-12-01T13:06:01.773-08:00Dec1st Market RecapThe strength of the morning continued like a freight train today. there was no retrace besides a mire 2 or 3 pts on the ES. Long was the way to go today.<br /><br /><span style="font-weight:bold;">S&P 500</span> <br /><br />taking a look at our Big picture chart on the ES we can see it sliced right though the line drawn yesterday. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ1jAreOj638d3JmySL30CghAP7I3cP9nH4cS_gzwBaKF6MkH-HkVIfryaD82CmrY8NYE7lgRCNkkhJC14gYbtXeBxaj4_snCPrC_gRItPAvj1ln5i7BV8yF-HKt-EFX_D8Z8HFd8opONq/s1600/ES+large+view%2528314+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 283px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ1jAreOj638d3JmySL30CghAP7I3cP9nH4cS_gzwBaKF6MkH-HkVIfryaD82CmrY8NYE7lgRCNkkhJC14gYbtXeBxaj4_snCPrC_gRItPAvj1ln5i7BV8yF-HKt-EFX_D8Z8HFd8opONq/s400/ES+large+view%2528314+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545819570694141282" /></a><br /><br />the S&P was in a pretty tight trading range all day beside the 8 pt ramp when a US official said the US will back a larger European Stability fund Via the IMF shooting the ES up 8 pts. look for a pull back overnight to the 1200 area <a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6HVS9aHDob2H_6NC-EWSkKGawZZoEL6WDBfhAjby4cK-2HhXrDU3k25TnFH1Lwb8QF3nmmCrd6fW8HAMFgU0b6hDYIjLPbQiVK-4l74ql1dboj3lLWAUtTGUVjVM5KksNySMJS4mv09oj/s1600/ES+evening+dec1st+%25285+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 306px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6HVS9aHDob2H_6NC-EWSkKGawZZoEL6WDBfhAjby4cK-2HhXrDU3k25TnFH1Lwb8QF3nmmCrd6fW8HAMFgU0b6hDYIjLPbQiVK-4l74ql1dboj3lLWAUtTGUVjVM5KksNySMJS4mv09oj/s400/ES+evening+dec1st+%25285+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545820738272648914" /></a><br /> <br /><br /><span style="font-weight:bold;">OIL</span><br /><br />Oil was the Big mover today, which was up over $3 from the lows yesterday. this was one of the best performing commodities. looking for some overnight profit taking before resuming an uptrend <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwNR2IOD9OtA4b0v9Hnc3O6_9h9LexKF-xiVDkgDRkJ_whp6kTwF5f1aDIQ1IFMgSyuC1VA1DgdEPifcDVt2y6yPONKW1K6IJU1H3sRf0v1yOeKDmFqMubB1QigblIeEbyXDeeDAwD6C2I/s1600/Oil+evening+dec1st+%252815+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 293px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwNR2IOD9OtA4b0v9Hnc3O6_9h9LexKF-xiVDkgDRkJ_whp6kTwF5f1aDIQ1IFMgSyuC1VA1DgdEPifcDVt2y6yPONKW1K6IJU1H3sRf0v1yOeKDmFqMubB1QigblIeEbyXDeeDAwD6C2I/s400/Oil+evening+dec1st+%252815+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545821361887557330" /></a><br /><br /><span style="font-weight:bold;">Gold</span><br /><br />Gold was relatively quiet today considering the USD fell nearly 1%, it did rally after this mornings spot where i said it would find some support but looks to close the day flat. i would have preferred a close decidedly above 1388 to confirm the strong up trend. <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjYKBd3yWZ7D_JSNpFCn9URqGeDhTOzK6cSW28lFdEk23Boh-zq6QYUcDENyCLpSvehHPXKU_3h5W16tsL_TpLZrdd4SCJe2QZHe7o4gLNeQLb-bd4_R5kMeGclKaXzQNa9uIBTzoH7RI2/s1600/Gold+evening+%252815+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 318px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjYKBd3yWZ7D_JSNpFCn9URqGeDhTOzK6cSW28lFdEk23Boh-zq6QYUcDENyCLpSvehHPXKU_3h5W16tsL_TpLZrdd4SCJe2QZHe7o4gLNeQLb-bd4_R5kMeGclKaXzQNa9uIBTzoH7RI2/s400/Gold+evening+%252815+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545822075682502546" /></a><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh17KVIXnsOAKpCCmhf4qk2HryUf_EAFZBeTA3g8eD7GhEqVhmsWfm0GQbd28fWgAuRFkDiGTrKGMJagtDTDWirq04dfAklkXyp_q9L1QbNSmcPIzwl97ZVgx3e64d69h9C0LRj27fKfh9-/s1600/Gold+evening+%2528Daily%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 318px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh17KVIXnsOAKpCCmhf4qk2HryUf_EAFZBeTA3g8eD7GhEqVhmsWfm0GQbd28fWgAuRFkDiGTrKGMJagtDTDWirq04dfAklkXyp_q9L1QbNSmcPIzwl97ZVgx3e64d69h9C0LRj27fKfh9-/s400/Gold+evening+%2528Daily%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545822212435417474" /></a><br /><br /><span style="font-weight:bold;">EURUSD</span><br /><br />The Euro looks to have a little deadcat bounce forming, i would like to see this continue to at least around 1.35 before some hard selling would come in again. <br />keeping a close an on the EURO here... it should dictate the move for equities. <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQwqnv4IE7MI_e54EdKtQyxHq3bE1bfTJ4q483FrKkNoPp_zx_rHF8oI4fZfE4i3l03Z9SS2bK-hLy_oX0_yLscK8hI0Fk_mZBxaq5jBC3uNb6t6kPxdvSqs3j5k2iaegbk5DkaXVHBXaX/s1600/EURUSD+Evening+%25283+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 320px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQwqnv4IE7MI_e54EdKtQyxHq3bE1bfTJ4q483FrKkNoPp_zx_rHF8oI4fZfE4i3l03Z9SS2bK-hLy_oX0_yLscK8hI0Fk_mZBxaq5jBC3uNb6t6kPxdvSqs3j5k2iaegbk5DkaXVHBXaX/s400/EURUSD+Evening+%25283+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545822796777128786" /></a><br /><br /><br />Lets see how the after hours trading goes as Asia reacts to a huge rallyKevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-26069262737552899732010-12-01T05:22:00.000-08:002010-12-01T05:54:57.320-08:00Wed Dec 1st Morning Market Previewits the First of the Month and it looks like some good data overnight combined with a weak euro has sent futures flying, were seeing green across the board this morning pre-market.<br /><br /><span style="font-weight:bold;">S&P 500</span><br /><br />The ES has made a massive move from the low put in a triple bottom yesterday at 1176.50 last night. who ever made that large sell yesterday at the close was severely wrong in their timing. The ES is breaking through the R2 at the moment, the R3 lies at 1211. not too sure if it can make it there today but in the next two days it should tag that level. If i didnt already have a long position i wouldnt buy here, i would not short here either.... i'd look for a pullback mid morning to get a position. <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicjzRX7uzwEsSWOMsYGss6rul1w45NhmZ6tK4170av-U1pqRIzGcAoKa2eJntMi0qIa5oqwmZsqzaHgFFr7vQkN-m55u9_U8VqdNgCHfBgQl7FYrCzgbw1ZPeCeRuwzjNboQ7RB6UOzxMi/s1600/ES+morning+dec+1st%252810+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 304px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicjzRX7uzwEsSWOMsYGss6rul1w45NhmZ6tK4170av-U1pqRIzGcAoKa2eJntMi0qIa5oqwmZsqzaHgFFr7vQkN-m55u9_U8VqdNgCHfBgQl7FYrCzgbw1ZPeCeRuwzjNboQ7RB6UOzxMi/s400/ES+morning+dec+1st%252810+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545708352008968130" /></a><br /><br /><span style="font-weight:bold;">EURUSD</span><br /><br />the extreme EURO weakness has subsided for the time being, this is the major boast to the futures. moving a solid 150 pips off the lows last night. current broken through the R1, is should see the R2 level at 1.3225 in the next day or two. I wouldn't be looking to go Long right at the level, i would be waiting for a pullback to at least 1.3075<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3F6b_xK5GLWgLe9iKOPW2jfGylFxSZMuG7s5OZ-0MLuvOjaj226NTFtd4k_fwo7sP5sXDMJ4UL7Pt-l0ji2Im73mCZvVUu09N2RmN7IzBh-S490U_xF6cyTr1S4LQ4mP_GYEU0zswvhj8/s1600/Euro+Morning+dec+1st%252860+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 321px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3F6b_xK5GLWgLe9iKOPW2jfGylFxSZMuG7s5OZ-0MLuvOjaj226NTFtd4k_fwo7sP5sXDMJ4UL7Pt-l0ji2Im73mCZvVUu09N2RmN7IzBh-S490U_xF6cyTr1S4LQ4mP_GYEU0zswvhj8/s400/Euro+Morning+dec+1st%252860+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545710723884655426" /></a><br /><br /><span style="font-weight:bold;">GOLD</span><br /><br />Gold saw some strength overnight but not as much as i would have though given the USD has fallen by almost 1%. it did hit my initial target of 1398, where it found some resistance. it should fall to around the 1385 level before seeing some buyers. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg8IE2aolLSpGk-kNHKcZam-QKgziX6hiULHtFCsrrvDuMfxpqIQqKHhJiTQkpAVS0S9CgDBBhiET2ufkczyYXcxyQSCTjqtvs90ygt8NDXpmrggL28FGNPireatPouMwX0997_VQRXWuD/s1600/Gold+morning+dec1st+%252810+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 318px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgg8IE2aolLSpGk-kNHKcZam-QKgziX6hiULHtFCsrrvDuMfxpqIQqKHhJiTQkpAVS0S9CgDBBhiET2ufkczyYXcxyQSCTjqtvs90ygt8NDXpmrggL28FGNPireatPouMwX0997_VQRXWuD/s400/Gold+morning+dec1st+%252810+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545710439293814146" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-7212630465937828752010-11-30T16:24:00.000-08:002010-11-30T16:57:33.321-08:00Market Recap of Nov 30thToday was one of those days that even though the index's were weak negative for most of the day and closed decidedly negative, if you were invested in the right equities you could have had a superb day. being long Gold and silver mining stocks paid off well today as well as being invested in the metals themselves. <br /><br /><span style="font-weight:bold;">S&P 500 </span> <br />lets first take a look at the big picture view of the S&P 500, using a 314 min bar chart dating back until about end of September... its showing somewhat of a bullflag pattern. If this continues to hold we could easily see 1250 in the near future on the breakout. keeping a stop just below the 1170 level<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqTT4UG0g5c10k2PPybPHfbR7aBJOvl24KLKTXB7ZBSbIdg4MFF5DBwx5vFo-L2pQx-OAvM0-dBoA8M-65QXRb1T8kDX8JbNWNT1L0AJdEcy2XCz7p6sjCkP-aNfJJFk9VrE6_RHxvhchS/s1600/Bull+Flag+%2528314+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 351px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqTT4UG0g5c10k2PPybPHfbR7aBJOvl24KLKTXB7ZBSbIdg4MFF5DBwx5vFo-L2pQx-OAvM0-dBoA8M-65QXRb1T8kDX8JbNWNT1L0AJdEcy2XCz7p6sjCkP-aNfJJFk9VrE6_RHxvhchS/s400/Bull+Flag+%2528314+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545504746611213954" /></a><br /><br />today was a mildly choppy day following the euro weakness overnight, the es found support in the S1 zone at 1174.75 heading right back into the pivot on some strong than expected Chicago PMI and Consumer confidence data. this was a pretty low risk play due to the fact the weakness was purely caused by EURUSD weakness and not anything in the U.S. markets. <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqlTmZmttlkAaJ_aLvEVej8S4WrsPT5Fzi6RFRHedSBZj8amocQKGRw46BQx8QPhsj8ybFzUxTKulUdgrduWv4WxzP7_yvPkVd9SUATAXyHg4vezGKz21EzX6qEhNhjWK0hA3huFfJcu9k/s1600/ES+support+nov+30th+%25285+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 351px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqlTmZmttlkAaJ_aLvEVej8S4WrsPT5Fzi6RFRHedSBZj8amocQKGRw46BQx8QPhsj8ybFzUxTKulUdgrduWv4WxzP7_yvPkVd9SUATAXyHg4vezGKz21EzX6qEhNhjWK0hA3huFfJcu9k/s400/ES+support+nov+30th+%25285+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545507026157314994" /></a><br /><br />the one outlying event of the day was the close, between 3:58 and 4:00 pm 200,000 contracts were sold, not sure if this is a front running event pending some announcement overnight in Europe or merely a poorly executed trade. tomorrow will tell <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1l5SBL7RCrlMWNzWWcAiUakcyUxrnj0ASEBKPrWrttzOdjX8BWHscQpvXIvtuTCIFnUdQbrEyEVNsb6TVDFCcRQhon_meIYTDJLiq-mWkNpsdSNbahLJ7NA_D5-a0nRcnyouUTcc2WHsd/s1600/end+of+day+sell+off.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 351px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1l5SBL7RCrlMWNzWWcAiUakcyUxrnj0ASEBKPrWrttzOdjX8BWHscQpvXIvtuTCIFnUdQbrEyEVNsb6TVDFCcRQhon_meIYTDJLiq-mWkNpsdSNbahLJ7NA_D5-a0nRcnyouUTcc2WHsd/s400/end+of+day+sell+off.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545507998416877154" /></a><br /><br /><span style="font-weight:bold;"></span>EURUSD <br /><br />seems as if the contagion is spreading through Europe like wildfire, talk of Portugal's gov debt being downgraded today. Europe's problems arn't getting better anytime soon, i do however think it might have a deadcat bounce in the next day or two, purely due to the fact its crashing the bollinger band on the daily and getting a little oversold. i wont be buying this until a clear reversal is formed. the Euro should find support in the 1.28 to 1.27 area.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWcZUAUlx3Zz70Jsbm5Te19hwQ67SA2vC3b4Jm7lFTxAjxlQfwGDJpcAHywMz1WE9kcIbLKRz0pwWyymwXy26-fr0mfp53GStExLEZFLslF3RLDion16HfKKaEZbzk_XzSXTPT60hCsi6Q/s1600/Euro+nov+30th+%2528Daily%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 321px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWcZUAUlx3Zz70Jsbm5Te19hwQ67SA2vC3b4Jm7lFTxAjxlQfwGDJpcAHywMz1WE9kcIbLKRz0pwWyymwXy26-fr0mfp53GStExLEZFLslF3RLDion16HfKKaEZbzk_XzSXTPT60hCsi6Q/s400/Euro+nov+30th+%2528Daily%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545509136585782226" /></a><br /><br /><span style="font-weight:bold;">GOLD</span><br />Gold's strength kept up today in spite of a stronger USDX and general market weakness. the precious metal's all had large gains today. Reports of a Chinese fund of funds for gold being created, which would allow the Chinese better access to investing in Gold helped the buying today. Gold looks to tag the R3 level of around $1398 and should soon look for a close at all time highs. it might see some overnight weakness but any weakness should be bought <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnq9sSy6467RAdEpaOUjGJ8xHS5OmSPzJyMT_blBAAHczX9811gsTlehvspDR5Od9xCXUCdIv9x7Qpt6jQdAV2uHA9fArRf7Qd7duccN8mrsh_AnCqUWDW_sUrXFctk6mnt28XjqU5PzzG/s1600/Gold+nov+30th+%252860+Min%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 318px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnq9sSy6467RAdEpaOUjGJ8xHS5OmSPzJyMT_blBAAHczX9811gsTlehvspDR5Od9xCXUCdIv9x7Qpt6jQdAV2uHA9fArRf7Qd7duccN8mrsh_AnCqUWDW_sUrXFctk6mnt28XjqU5PzzG/s400/Gold+nov+30th+%252860+Min%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5545510580356606482" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-59666758962262344552010-11-23T11:38:00.001-08:002010-11-23T11:38:29.564-08:00S&P should find some support in this Area - 1177if you're buying for a slightly longer term horizon, buying in this 1177 should be a good area to start.<br />use a stop of 1171<br />looking to hit 1250 within a few weeks.... use this correction to get in a good long position<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqE4zWoUIb642TvSZaEA-ZlcRALPDaXHOm8zjmUm04rFVzYlb_5c9-LBXU0HU_78T8e-ZUcLXGHIeZvqH71_vd_m_dICz5IGhUDdCHCO6gVEat5of_I9iUUmCA_cF1wQZa1pVWVMQjlrvn/s1600/ES+12-10++17_03_2010+-+23_11_2010+%2528Daily%2529.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 274px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqE4zWoUIb642TvSZaEA-ZlcRALPDaXHOm8zjmUm04rFVzYlb_5c9-LBXU0HU_78T8e-ZUcLXGHIeZvqH71_vd_m_dICz5IGhUDdCHCO6gVEat5of_I9iUUmCA_cF1wQZa1pVWVMQjlrvn/s400/ES+12-10++17_03_2010+-+23_11_2010+%2528Daily%2529.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5542831455430900050" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-63644350657548459302010-10-28T09:40:00.000-07:002010-10-28T09:44:38.729-07:00Long ES looks like a good opportunity heregetting Long the ES here looks attractive in terms of risk vs. reward, got long at 1174.5 with a stop at 1171, well trend in the channel for the next week until QE2 is announced. Once QE2 is announced it will break to the upside or downside.<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEhcmwZjElfyev1mGnhpEMI8aV0QZjrs-GeN5P8gjxurKGUP837QybQHqpuVBQ9l8UfjOPfBVPQdjwjuBrXC6VjrXXQlHzWeEod0yvSPCjfGYe-9aJv8rc9G4CNWiTQCCYb2_0fX1zGU4i/s1600/ES+12-10++28_10_2010+(60+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 274px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEhcmwZjElfyev1mGnhpEMI8aV0QZjrs-GeN5P8gjxurKGUP837QybQHqpuVBQ9l8UfjOPfBVPQdjwjuBrXC6VjrXXQlHzWeEod0yvSPCjfGYe-9aJv8rc9G4CNWiTQCCYb2_0fX1zGU4i/s400/ES+12-10++28_10_2010+(60+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5533138753169373330" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-77202571868927627632010-10-28T07:56:00.000-07:002010-10-28T08:58:33.822-07:00Sold EURUSDsold the EURUSD long from yeserday as it ran a full 200 pips in one day, it also tagged the trend line i had drawn as well. i'll take profits here and look for a better entry possibily next week<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgP6m9fx4Iju1TRX094XKNF8Bv88PdkYrO9GFZmBt-sdCfgwZdzdu5UPWkhhqE4GL6YUPhZJ7alGlQVFNBoQwsjCOfw0NQrlC2576aM5XomZ7B7h0a036zfZ95SVgs78JORu16jVVh66rvW/s1600/$EURUSD++28_10_2010+(60+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 268px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgP6m9fx4Iju1TRX094XKNF8Bv88PdkYrO9GFZmBt-sdCfgwZdzdu5UPWkhhqE4GL6YUPhZJ7alGlQVFNBoQwsjCOfw0NQrlC2576aM5XomZ7B7h0a036zfZ95SVgs78JORu16jVVh66rvW/s400/$EURUSD++28_10_2010+(60+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5533126787293598018" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-5453692969920035162010-10-27T10:59:00.000-07:002010-10-27T11:06:23.661-07:00Looks like the EURUSD is forming a bullflagthe Euro's rise in the past 2 months certainly surprised many prominent market forecaster's who were calling for euro parity. the recent pullback in the euro looks as if its creating a bullflag pattern on the 120min chart. it is reaching oversold levels currently, it could also be forming a inverse head and shoulder. When the euro breaks 1.41, look for it to hit 1.45 in a hurry. <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDkdr9ou8ik5qBEmPcD3Epliday2VSp9cRye61UtWrsaJhfM2P_ooGnwgyVI_It82YibkuoTRe5g_loviCdLwi1Vd5NSrnc2xbQwnkVxTkOZHqcbLiJB_spgx8YCjVoG675shylVZBrF8A/s1600/$EURUSD++27_10_2010+(120+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 299px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDkdr9ou8ik5qBEmPcD3Epliday2VSp9cRye61UtWrsaJhfM2P_ooGnwgyVI_It82YibkuoTRe5g_loviCdLwi1Vd5NSrnc2xbQwnkVxTkOZHqcbLiJB_spgx8YCjVoG675shylVZBrF8A/s400/$EURUSD++27_10_2010+(120+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5532788190137614322" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-91415194759275265232010-06-23T05:15:00.000-07:002010-06-23T08:07:34.710-07:00Going Long ES and CLwent Long 2 ES just after the new homes sales data came out this morning at 1082 and unfortunately my CL were covered last night as it sold off nearly 3% this morning, i will be holding the ES with a relatively tight stop, the markets seem to be climbing back after that abysmal new home sales data which was the worst since 1963 or since new home sales data started being collected. if the markets are able to climb to positive today it could mean this pullback is near finished, if we finish on the lows we'll likely test the 1040's.. i went long 2 CL @ 75.6 (wish i had coved my shorts at the level) after the crude inventory data came out... i will keep a stop just below the lows of today<br /><br /> <br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHWy-RNdVpCkbx6HTsI49AvNnHvIGONnfcT7leCoeZ3QJL-EPBHZGCiNwDNwXDonhLm0FC2VsUIoNQ4zr_knMLhLkDj_6gFD8gp3mSKyNZZjNIWngA_CAjWR2h9yPFvhTYaMgbFmFtKgWB/s1600/ES+09-10++23_06_2010+(15+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHWy-RNdVpCkbx6HTsI49AvNnHvIGONnfcT7leCoeZ3QJL-EPBHZGCiNwDNwXDonhLm0FC2VsUIoNQ4zr_knMLhLkDj_6gFD8gp3mSKyNZZjNIWngA_CAjWR2h9yPFvhTYaMgbFmFtKgWB/s400/ES+09-10++23_06_2010+(15+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5485985699275559154" /></a><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXI9OonuJAduCfUHIhNuvG1U36-CHCuIfG_iXzdiYUUd52sk2ZpCUlbm60TazyOZU1jxUHdutkohjDuovwdKyQ6WXp94nZr8L8AHNO5FLVHIzqtTeVe7h-0SMY9nELmhzXLI144E5zklOB/s1600/CL+08-10++23_06_2010+(15+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXI9OonuJAduCfUHIhNuvG1U36-CHCuIfG_iXzdiYUUd52sk2ZpCUlbm60TazyOZU1jxUHdutkohjDuovwdKyQ6WXp94nZr8L8AHNO5FLVHIzqtTeVe7h-0SMY9nELmhzXLI144E5zklOB/s400/CL+08-10++23_06_2010+(15+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5485985929377880322" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-14597344119953725602010-06-22T11:07:00.000-07:002010-06-22T11:12:09.171-07:00Short CLShort 2 CL AUG at 78.70<br />looking to Cover at 77 or place a trailing stop beyond 77.50<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmv8jKLz0dErl9APNX3aCuBY4C_JK8MRZNq-o3JiKErJnlJ8ZuJjo8gorqvjraKVMsInQcKLKJd_-xFKm6ylVc2Lylx66oxUZslv6_APynNW4BmU18Zw3MMB0wI94wIFH5ULNLZzDaoLLd/s1600/CL+08-10++22_06_2010+(30+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmv8jKLz0dErl9APNX3aCuBY4C_JK8MRZNq-o3JiKErJnlJ8ZuJjo8gorqvjraKVMsInQcKLKJd_-xFKm6ylVc2Lylx66oxUZslv6_APynNW4BmU18Zw3MMB0wI94wIFH5ULNLZzDaoLLd/s400/CL+08-10++22_06_2010+(30+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5485662327685471586" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-2945051184304403412010-06-22T08:46:00.000-07:002010-06-22T12:01:31.449-07:00S&P 500 holds key 1103 for nowthe S&P 500 ES sept contract has held the 1103 line of support for now, we could see a test up, or a complete breakdown to a much lower level... keeping stops tight<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhC7e5hQjxMBr7PWE0wKyj53oAIwKP5UihU3qnpx9SHdiEjcZ9DLjrnxCaOVVd8yunHQDM_-JMzivuAzP3DT-tpEg_RikHFS48lesZfYaz0HKTm-YNuJyuifirjeK6tLfrCm4QKGXewqAXy/s1600/ES+09-10++22_06_2010+(180+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhC7e5hQjxMBr7PWE0wKyj53oAIwKP5UihU3qnpx9SHdiEjcZ9DLjrnxCaOVVd8yunHQDM_-JMzivuAzP3DT-tpEg_RikHFS48lesZfYaz0HKTm-YNuJyuifirjeK6tLfrCm4QKGXewqAXy/s400/ES+09-10++22_06_2010+(180+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5485627060689966274" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-61568384642576628992009-12-08T10:55:00.000-08:002010-06-22T08:12:34.332-07:00How many years are left in the current commodities production?looks like some commodities wont last into the near future....<br />a road map to which commodities might stage major rally's in the next 30+ years due to constrained supply<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLXVbVk1dqQ0kRFfUg83QuN-qHTdUTpjOZk22qLbiYfcNDo8weuz5xtsng1UMIKdjsk26FROtLfNyLgKH_eM2DTmzLL6Ja-xTXdi2nnABRCT3ki7-zr5KBXHQD2uCqkJ-zHK95bSP0gdA/s1600-h/26051202.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 245px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLXVbVk1dqQ0kRFfUg83QuN-qHTdUTpjOZk22qLbiYfcNDo8weuz5xtsng1UMIKdjsk26FROtLfNyLgKH_eM2DTmzLL6Ja-xTXdi2nnABRCT3ki7-zr5KBXHQD2uCqkJ-zHK95bSP0gdA/s400/26051202.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5412941311523755618" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-88873020679664682922009-12-08T10:53:00.000-08:002010-06-22T08:12:34.334-07:00How much "money" out in the world will soon chase the power money?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_LSUqFm_zL8WI-awFbEMumE5X4KN0uRTbu1wG5pM8uwMxc6RZpa3XaDMuTEDbX6ukSkNXhW9QGQbUH_-E3Zz1MzjsabHu9TSG36SmWS_diugbH7y3TB446kKlmScA03X_oG_scMUuoiI/s1600-h/Exter's+Pyramid.png"><img style="cursor:pointer; cursor:hand;width: 400px; height: 275px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_LSUqFm_zL8WI-awFbEMumE5X4KN0uRTbu1wG5pM8uwMxc6RZpa3XaDMuTEDbX6ukSkNXhW9QGQbUH_-E3Zz1MzjsabHu9TSG36SmWS_diugbH7y3TB446kKlmScA03X_oG_scMUuoiI/s400/Exter's+Pyramid.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5412940731894254434" /></a><br /><br /><br />looks like Niagara falls trying to fit through a garden hoseKevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-89401467545219498852009-12-01T15:33:00.000-08:002010-06-22T08:12:34.336-07:00GOLD $1200 - CHECK, where to next?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqob06JD3rXMuvO1579AYhaMjI8b-IPzVdmnVI49anZrB13dj96uk_lBaAQaeZtcxxY_XbR6QF6QEW-NeG_qYl_Rqh3xeYMIwgDd7dRftCRbtOvw5T8OLmIsqAzbzp4I1LhOmgft5C46o/s1600/GC+02-10++01_12_2009+(10+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqob06JD3rXMuvO1579AYhaMjI8b-IPzVdmnVI49anZrB13dj96uk_lBaAQaeZtcxxY_XbR6QF6QEW-NeG_qYl_Rqh3xeYMIwgDd7dRftCRbtOvw5T8OLmIsqAzbzp4I1LhOmgft5C46o/s400/GC+02-10++01_12_2009+(10+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5410419573135365522" /></a><br /><br /><br />in the overnight action Gold came within 50 cents of the $1200 mark before retreating back to the 1192 area, the bank of japan statement about QE certainly made the Asian traders move some money into physical power money pretty quick. the selling pressure was quickly absorbed as $1200 has now been taken out. the question is where to from here and in how long? <br /><br />there has been much word of china now wanting to increase their Gold reserves to 5000ton or even 10000 Ton, this combined with nearly every other central bank in the world wanting to actually purchase gold is going to consume every ounce of gold being mined. <br />the road to $5000 will be quicker than most think<br />all along the way the non-believers will be saying it has peaked..... <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR4n_AGqN3iGabNtW53hHekQwoEBDEJHtCMx1EXQ-eF31OEnvRu20NUISFKKiakWpTvmHcuKUXkJ1vgAVi02z_yvD0R4V2ax7muC9LYvx7qMFOjfW1eqZ8K3O6uYoUj4ruk9p_6Ldw82o/s1600/GC+02-10++18_06_2009+-+01_12_2009+(Daily).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgR4n_AGqN3iGabNtW53hHekQwoEBDEJHtCMx1EXQ-eF31OEnvRu20NUISFKKiakWpTvmHcuKUXkJ1vgAVi02z_yvD0R4V2ax7muC9LYvx7qMFOjfW1eqZ8K3O6uYoUj4ruk9p_6Ldw82o/s400/GC+02-10++18_06_2009+-+01_12_2009+(Daily).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5410417793414196930" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-17607685485035581082009-10-22T12:43:00.000-07:002010-06-22T08:12:34.337-07:00S&P 500 and USDXthe S&P 500 and the DX index are still moving in lockstock inversion, this chart posted by Bespoke over the past week shows how negitively correlated the two are.... <br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDtlmKe7Us5hdzcjYVRTPmikro1LlYyvYEqBhL8kYH24fcNTBdbk6WvBDUYro8BcAyJXFoEUNF_yMP_iyb2vJLfwDsc3eDu4TO6yrgkKzkz9laOXyb2FnMFLbozHAtUHUExRABOeumC10/s1600-h/Inversion.png"><img style="cursor:pointer; cursor:hand;width: 400px; height: 238px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDtlmKe7Us5hdzcjYVRTPmikro1LlYyvYEqBhL8kYH24fcNTBdbk6WvBDUYro8BcAyJXFoEUNF_yMP_iyb2vJLfwDsc3eDu4TO6yrgkKzkz9laOXyb2FnMFLbozHAtUHUExRABOeumC10/s400/Inversion.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5395512833571888450" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-43290641401333379312009-10-20T14:54:00.000-07:002010-06-22T08:12:34.339-07:00Gold out performing the $USD?just glancing at the Finviz relative performance graphs it was interesting to see that Gold actually outperformed the USD on a strong dollar day..... this is rather odd as we know usually a strong dollar day relates into a massive sell off in gold, this should be interesting to see how a weak dollar will now effect gold <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW2gSbDBjvN7rpAfDBOAz_AE7fNMZoBnj5Lqr0Ku29qiv4xwSj7M1hWvftu5ve50tPQik5menXJgZBE0_agrVxT58TbbHSzbLRoijo_3IoUr-lt1sfX4E3gN7jBuN-H-ErhMnbZZH6hYk/s1600-h/Gold+out+perform.jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 244px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW2gSbDBjvN7rpAfDBOAz_AE7fNMZoBnj5Lqr0Ku29qiv4xwSj7M1hWvftu5ve50tPQik5menXJgZBE0_agrVxT58TbbHSzbLRoijo_3IoUr-lt1sfX4E3gN7jBuN-H-ErhMnbZZH6hYk/s400/Gold+out+perform.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5394804880378470994" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-4990356995182137062009-10-20T14:37:00.000-07:002010-06-22T08:12:34.340-07:00Bank of Canada holds Rate steadytoday the bank of Canada Held the rate at 0.25% and the currency markets acted as they should, the CDN lost over 2% at one point during the day. it seems as if traders were at first expecting a rate hike similar to the Aussies <br /><br />we can see on the 10min bar chart after the 9:00 am announcement the USD/CDN ran nearly 225 pip's..... bigest one day loss for the CDN in over 4 months<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTyMM2gvtKWPZIjyhckVYosemOADVLK0-l4eHZvNYBXO3eO5yfVGXcoXaU_oILvsSA9ivQ0MGukTFruxhHB02St0PTRnNDWYYBy64V-quqUTKCfQCaqYyRPwnu6KYmRny5FRg9n9WkWME/s1600-h/$USDCAD++20_10_2009+(10+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhTyMM2gvtKWPZIjyhckVYosemOADVLK0-l4eHZvNYBXO3eO5yfVGXcoXaU_oILvsSA9ivQ0MGukTFruxhHB02St0PTRnNDWYYBy64V-quqUTKCfQCaqYyRPwnu6KYmRny5FRg9n9WkWME/s400/$USDCAD++20_10_2009+(10+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5394801975548310546" /></a><br /><br /><br />on the daily bar chart the CDN$ might be oversold and due for a minor correction, this could last up up around the 1.08 to 1.09 area <br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu9B_XTl9TbrO2KQOp8BcRyNtTsCHSBLvKq89kNjo77C_TsqvTJw5hj23iXxzMqMvuk1NtTzyL1_mVtYTv2TcXUyjYtTupn175t6jN8Czi4OCzdmZ30G7epEtc7bt6TVxlAWbLRoeotQE/s1600-h/$USDCAD++25_02_2009+-+20_10_2009+(Daily).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhu9B_XTl9TbrO2KQOp8BcRyNtTsCHSBLvKq89kNjo77C_TsqvTJw5hj23iXxzMqMvuk1NtTzyL1_mVtYTv2TcXUyjYtTupn175t6jN8Czi4OCzdmZ30G7epEtc7bt6TVxlAWbLRoeotQE/s400/$USDCAD++25_02_2009+-+20_10_2009+(Daily).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5394803146672392546" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-30338338956366333322009-10-19T10:19:00.000-07:002010-06-22T08:12:34.342-07:00Great Chart of The CDN in US$ terms and major currency termsHeres a chart from Rosenberg... this shows how the CDN dollar isnt just a USD story but supported by a multitude of currencies. It appears as if the world is chasing a currency backed by hard assets, the AUD wchart would look very similar to this.<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_12fMsYrrRgLXbiCtrsAXCJ65VlAdoUzSCUIm6j5q0Uh8UnR1IWjKIYJSGX6eHHmbUVDkhAg5KxD21UlpTlFCKAlX4ZdOM1OmvqHikoHgqC2qk65e-raqpLvWX_sJfmKTJGz2Kj1k83o/s1600-h/CDN+%24%24.JPG"><img style="cursor:pointer; cursor:hand;width: 400px; height: 261px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_12fMsYrrRgLXbiCtrsAXCJ65VlAdoUzSCUIm6j5q0Uh8UnR1IWjKIYJSGX6eHHmbUVDkhAg5KxD21UlpTlFCKAlX4ZdOM1OmvqHikoHgqC2qk65e-raqpLvWX_sJfmKTJGz2Kj1k83o/s400/CDN+%24%24.JPG" border="0" alt=""id="BLOGGER_PHOTO_ID_5394406462263959282" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-22939839193845624602009-10-13T17:31:00.000-07:002010-06-22T08:12:34.343-07:00GOLD new record highI've been meaning to post about this for the last couple days or so.....<br /><br />its clear now that the initial target of 1250 and 1650 are in target real soon<br /><br />I've posted some of the updated charts on the golds dec contract with an analysis of the indicators. on the fundamental side its clear that central banks around the world are looking to get out of the dollar and are diversifying their foreign reserves as fast as they can, especially the 800 lbs gorilla in the room china. the appitite of Asian investors for the yellow shinny stuff is totally different than in the western world. here we have advertisements of "cash 4 gold" and "we buy your gold" it seems as if Asian investors are holding on to the metal as it is their insurance and has no where to go but UP from here.<br /><br />here is the latest chart, on the daily bar chart the candle stick formation and trend appear very strong..... the MACD has crossed over and the Divergence is now positive, the RSI is approaching 70 but this strength should continue and not act as a contarian selling point, the TRIX has also crossed over..... the rally should last for at least a week or two more before a pullback<br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh78QnTtYfKkftUid2m3KtRyZFq53XXk7OzlAVvrVhumpewcqNxe05xPmWSJeNrQBGpRY4VapRsbL0fXxuhxXsHdkjbmMPTvaAdntd44DJZPLZGuxyuGmS8JGSnerGDocmtrPZOY5SE78Y/s1600-h/GC+12-09++03_02_2009+-+13_10_2009+(Daily).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh78QnTtYfKkftUid2m3KtRyZFq53XXk7OzlAVvrVhumpewcqNxe05xPmWSJeNrQBGpRY4VapRsbL0fXxuhxXsHdkjbmMPTvaAdntd44DJZPLZGuxyuGmS8JGSnerGDocmtrPZOY5SE78Y/s400/GC+12-09++03_02_2009+-+13_10_2009+(Daily).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5392312662756795602" /></a><br /><br /><br /><br />heres a look at the 60min bar chart taken a little bit later, the 60 min is showing a very nice trend<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpb_4iqNHZRYxLxFd-kq7ghyjcWRuXyhZoNdS-afAS1vilWAcdw2g4f9awDzkaceJ9mE8I5h4CcVjoGKt3H462b6SN_3FlTOfdK3eq7J2JLRS9a338nwgLq4kbvNwt75PeHpHjuUPp44o/s1600-h/GC+12-09++14_10_2009+(60+Min).jpg"><img style="cursor:pointer; cursor:hand;width: 400px; height: 239px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpb_4iqNHZRYxLxFd-kq7ghyjcWRuXyhZoNdS-afAS1vilWAcdw2g4f9awDzkaceJ9mE8I5h4CcVjoGKt3H462b6SN_3FlTOfdK3eq7J2JLRS9a338nwgLq4kbvNwt75PeHpHjuUPp44o/s400/GC+12-09++14_10_2009+(60+Min).jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5392313056820067490" /></a>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-9031967919446407842009-10-09T12:51:00.000-07:002010-06-22T08:33:38.443-07:00Long overdue Post on Gold's record highsooo i guess it seemed Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-12481088108757307922009-10-07T19:13:00.000-07:002010-06-22T08:12:34.347-07:00Martin Armstrong - Inflation or Deflation<a title="View Deflation or Inflation--Which is More Likely? 9/29/09 on Scribd" href="http://www.scribd.com/doc/20759607/Deflation-or-Inflation-Which-is-More-Likely-9-29-09" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">Deflation or Inflation--Which is More Likely? 9/29/09</a> <object codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" id="doc_660917277756327" name="doc_660917277756327" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" align="middle" height="500" width="100%" > <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf?document_id=20759607&access_key=key-4zyadsk8kne4012tln4&page=1&version=1&viewMode="> <param name="quality" value="high"> <param name="play" value="true"> <param name="loop" value="true"> <param name="scale" value="showall"> <param name="wmode" value="opaque"> <param name="devicefont" value="false"> <param name="bgcolor" value="#ffffff"> <param name="menu" value="true"> <param name="allowFullScreen" value="true"> <param name="allowScriptAccess" value="always"> <param name="salign" value=""> <embed src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=20759607&access_key=key-4zyadsk8kne4012tln4&page=1&version=1&viewMode=" quality="high" pluginspage="http://www.macromedia.com/go/getflashplayer" play="true" loop="true" scale="showall" wmode="opaque" devicefont="false" bgcolor="#ffffff" name="doc_660917277756327_object" menu="true" allowfullscreen="true" allowscriptaccess="always" salign="" type="application/x-shockwave-flash" align="middle" height="500" width="100%"></embed> </object>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0tag:blogger.com,1999:blog-5002587924058731405.post-69899455097308604522009-10-07T19:11:00.000-07:002010-06-22T08:12:34.348-07:00Max Keiser - Dollar to be buried before 2018i think it'll be severely damaged long before 2018.... i feel in the next couple years <br /><br /><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/D7dH4e8HYFA&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/D7dH4e8HYFA&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>Kevin Vassallohttp://www.blogger.com/profile/06513164976770878507noreply@blogger.com0