2 replies to this topic

[Trend-Signals]

AAPL is trading to 149 resistance as other big caps are trading to breakout levels or have broken
above. Going into year-end, it will likely break above the resistance.

Tech sector is positive during the last quarter.

http://www.stockchar...27255&r=224.png

CSCO traded to above 32.50 breakout resistance, then, pulled back.
With the positive outlook, it will likely break above the 30.50 resistance.

http://www.stockchar...48637&r=235.png

Dell is showing positive momentum since the CEO Dell takes actions to revive the company.
It is now offering the computers in Walmart as a new strategy.
28 is a resistance which will likely break above going into the year end.

http://www.stockchar...11789&r=774.png

HPQ shows very strong price momentum with attractive computer features and functions.
Now, DELL is going into Walmart shelves, it will be a good balance with HPQ.
Computers offer more functions, speed, and software with better pricing.

http://www.stockchar...00360&r=228.png

MSFT breaking above 29.09 resistance will trigger positive momentum to 31 +/-.

http://www.stockchar...68518&r=502.png

ORCL is breaking out from 21 resistance to new high to upper TL R,
however, the momentum will likely continue as we can see the breakout
with high volume.

http://www.stockchar...61562&r=699.png

RIMM Berry strong price momentum breaking out of 90 resistance after a consolidation.

http://www.stockchar...74599&r=676.png

QCOM traded to 41 resistance, however, it is trading above 50dma resistance;
therefore, the price momentum will likely continue.

On monthly chart, it formed a big diamond. It closed at 20mma (mma-monthly moving average).
Continued price momentum above 20mma, 41 +/-, is certainly positive.

http://www.stockchar...63433&r=773.png
http://www.stockchar...85488&r=552.png

[Trend-Signals]

SPX LT vs USD: This is SPX LT chart overlay with USD. USD was in trading range for 15 years during which market rallied. In fact, market was rallying when USD was sharply falling in 1985-1986. As noted before, my view of 1987 sharp correction was due to 205% rally without a correction prior to 35% correction.

http://investorshub....age_id=22563247

We are in global economy by which US, as a whole, is giving to the rest of the developing countries.



http://www.stockcharts.com/c-sc/sc?s=$USD&p=W&st=1980-02-06&i=p85035956242&a=97283781&r=31.png


http://www.stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1970-01-01&i=p77566946021&a=117316241&r=93.png





Strengthening Dollar
Advantages

* Consumer sees lower prices on foreign products/services.
* Lower prices on foreign products/services help keep inflation low.
* U.S. consumers benefit when they travel to foreign countries.
* U.S. investors can purchase foreign stocks/bonds at "lower" prices.

Disadvantages

* U.S. firms find it harder to compete in foreign markets.
* U.S. firms must compete with lower priced foreign goods.
* Foreign tourists find it more expensive to visit U.S.
* More difficult for foreign investors to provide capital to U.S. in times of heavy U.S. borrowing.

Weakening Dollar
Advantages

* U.S. firms find it easier to sell goods in foreign markets.
* U.S. firms find less competitive pressure to keep prices low.
* More foreign tourists can afford to visit the U.S.
* U.S. capital markets become more attractive to foreign investors.

Disadvantages

* Consumers face higher prices on foreign products/services.
* Higher prices on foreign products contribute to higher cost-of-living.
* U.S. consumers find traveling abroad more costly.
* Harder for U.S. firms and investors to expand into foreign markets.



http://www.chicagofe...weak_dollar.cfm

[Trend-Signals]

$DOT and $IIX internet sector is breaking out as noted. Internet sector is positive going into year-end.
As shown on the chart, it retested 217 breakout heading to 325 which is 38% retracement.


http://stockcharts.com/c-sc/sc?s=$IIX&p=W&yr=8&mn=0&dy=0&i=p32652420835&a=104700816&r=612.png