Market Volatility

Markets are shooting up/down like drugs. I never have smoked pot or did drug, but certainly markets look like on drugs.

It would be a prudent thing to regularly conduct drug-tests for all who manage markets.

http://www.youtube.com/watch?v=Fnn1dDVmZyQ&feature=related

OE charts

OE charts signaling break above the OE pivots. That is normally upside momentum; however, as noted, in this daytrading market settings, we need to see breakout.

Trading range for 1mo - daytrading

Major markets and MM ETFs remained in a trading range for one month.
Daytrading environment buy at lower support and sell at upper resistance.

~~ Beijing 2008 Olympics August 8 ~~

Market Breadth

$NAMO weekly chart is showing a strong bounce from the Jul 15 low showing 45 after trading to 56.38 High. This is the case after very oversold markets. Commented on this chart during Oct 2005 low. Reviewed all breadth charts. Breadth charts are showing positive divergences on weekly. I noted A/D showing relatively positive activities during the last week.

$NYSI weekly chart is showing the recent bounce since Jan-Mar 2008 low to May 2008 high, positive divergences compared to the Oct 2007 peak as we can see higher $NYSI peak than the Oct 2007 peak. Also the Jul 2008 low is relatively high than Aug 2007 low.

$NASI weekly chart is showing similar technical readings even though the peak of May 2008 didn't surpass the Oct 2007 peak. Nevertheless, it is showing posive divergence.

Major Markets

Weekly price momentum is turning up with positive divergences on breadth momentum. I review 100s of charts and news We have high volatility and risk in the markets than we have had during the last few years. I am aware of other bearish market speculations, the world falling apart theories. It is easy to pile on bear bandwagons; however, markets do not always follow the majority market sentiment at which extreme sentiment often signals reversal. Trend is a trend until it reverses.

~~ Renko charts ~ based on reviewing all major market renko charts, renko charts turned positive except Qs and $SOX.

Dow30 PE

Market condition

~ VIX ~ Markets are showing high volatility and whipsawing actions showing daytrading and gambling market condition.

Markets are increasingly showing whipsawing activities based on very short timeframe which is just ideal for daytrading type of markets.

Individual stocks are especially volatile, as noted going into the earning report month, during the earning report month as we are in now.


WALL STREET LAS VEGAS

CFTC Charges Optiver Holding BV with manipulation of Energy Market

There are many other types of market manipulations, not just hyping prices going into close and cash out.

As example, Collusion among big funds to move markets making 10% + in a few days for large caps and 100% + for small/micro caps.

Financial markets are increasingly becoming corrupted gambling place.

Qs and SPY, DIA OE chart

DOW 30 080721

Earning and Eco for the week of 7/25/2008

~ per beaspoke

Fanny & Freddy 100% swing during the week

OE chart

Most email story http://tinyurl.com/6eyoy4

Popular anger over tumbling equity prices erupted in Pakistan on Thursday, underscoring the difficulties regulators face in attempting to prop up falling markets as turbulence in many of the world's financial markets continues unabated.
The turmoil in Pakistan comes at a time when several emerging markets are considering market stabilization measures, while regulators in the United States are moving to limit short selling and speculation in the oil market.

OE chart

QID trading at 43.85 S in premarket, however, on daily/weekly, it is showing bearish divergences. Conversely QQQQ is showing bullish divergences.


Momentum chaser short squeeze

Record trading
Equity options volume was at a record 22.9 million contracts Tuesday, more than 2 million more contracts than went out on Nov. 8, when the previous daily record was set, according to the Options Clearing Council.
But it wasn't just the sheer volume. The ratio of puts, or bets against a stock, to calls, or bets favoring a stock, was 1.28-to-1 on Tuesday. In fact, put volume has been higher during every trading day since June 25.

Oil & Tran

$TRAN 4915.51 closed near at resistance 4950 with 61% RT of Jan 2008 low.
Oil at 133 S with decreasing momentum.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30136829

Earning & Eco data for the week

Eco data for the week - briefing

per Beaspoke

DOW 30 PE & forward PE

1Best Signals 080711 ~ a brief note

Volatile market ~ need to pay close attention to markets.

Have a good weekend, ALL

~~~

PS John Magee closed windows with wood board to focus, no wonder. With markets like this, it is a very good idea, for that matter, any types of markets.

~~~


FRE and FNM traded in wild waves.

It is a waste of my time, for that matter for anyone who is experienced in markets, to post on boards as it is to comment on many aspects of trading. I do not have time to comment on all of my market thoughts as we only have the limited time. What I post on boards is less than 1% of what I observe or think after performing market analysis.

Especially in the current market condition, I will not post regularly as I need to focus on markets and can not be distracted. This is true for anyone who is serious about trading.

~~~

Earlier post

VIX is up obviously as I noted that markets are going crazy with geopolitical issues as well as financial sector as we heard recently during the last few days, based on the comments by the Fed and banking officials instead of hearing stable comments. I have commented on VIX for years and there is no time to comment on all our market analysis. You will see my VIX analysis on my previous comments and I didn't update my analysis for it is a waste of my time and there is not enough time to do all. What I express on board or anywhere is less than 1% of what my thoughts are at any given time because there is no time for everything. Also, traders copy others' successful trading system as I am seeing the same market analysis which I posted during the last few years market calls.

Adopting other traders and market analysis timing will invalidate the method eventually because others copy them all. At the present market turmoil and manipulation, it is obvious that financial and energy sectors are most volatile.

Based on my observation, it is non-sensical to be jerked around with markets at this time except daytrading. However, markets find bottoms during crazy period.

Need to see more stable market.


Weekly brief
http://tinyurl.com/6juxed

Wind, Solar, Biomass Alernative Energy

Boone Picken's ENERGY PLAN

~ American Solar Energy Society http://www.ases.org/

~ SEI Solar Energy International ~ http://www.solarenergy.org/

SPX Market Caps by sectors & Oil price manipulation

SPX technology sector has the highest market cap % while the highest number of companies in SPX is Services 91 trailing ranked by Financial 88, Technology 84.

Market Cap %:
Tech 20%, Basic Material 18%, Financial 14%, Service 14%



OIL price manipulation


As commented on 7/3/2008, oil price shows continued manipulation as the oil price is showing new high with rumors. The war game news between Israel and Iran is evil as it does not make sense to fight for centuries. It is pure evil human greed and power seekers game. I believe in God.

1Best Signals 080709

QQQQ

The last market call was on 6/6/2008 reversal.

During the earning report month with the current market sentiment, it does not make sense
To reason with markets.

As of 7/9/2008 close, the short side is closed. With extreme negative sentiment and high short position, it is a waste time and effort to reason with markets.

Therefore, it is better not to waste of time until we have better market condition after earning report month.


SPX

7/9/2008, the short side is closed. Even though I was looking for RST reversal formation, it is a waste time and effort in this market condition. Last market call for SPX was on 5/22/2008 reversal call (ref # 8391).

With extreme negative sentiment and high short position, it is a waste time and effort to reason with markets. Therefore, it is better not to waste of time and effort until we have better market condition after earning report month.

Go Boeing Solar

~ Go Boeing Solar forecasts a $3.2 trillion market for new commercial airplanes over the next two decades, driven by an increasing demand for airplanes to replace older, less efficient aircraft.

The Boeing 2008 outlook calls for a market of 29,400 new commercial airplanes (passenger and freighter) by 2027, with a balanced demand in aircraft by region.

Boeing added that 43% of the new planes would be used as replacements, an increase from previous forecast of 36%, reflecting due to the loss of economic viability of older aircraft in light of higher fuel costs.

by RTT Staff Writer

~~~

BA does not reflect irrational pessimism ~ those planes need to be completely made by efficient and effective solar cells covered the outer body structure.


The big solar dish in the move, we can have many more.

A follow-through day?

Even though it is better to see a follow-through trading day, we could see volatility today.

Obviously we have 'irrational pessimism' with extreme negativity and distrust among Americans who are manipulated by many with different influences. Hopefully, we will regain genuine effort to regain the Spirit of Americans who are charitable and patriotic overcoming those who exercise evil greed.

Good luck with trading

VIX negative divergence

VIX is showing negative divergence.
Markets are tired of volatility during this year.


http://www.federalreserve.gov/newsevents/press/bcreg/20080707a.htm

http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20080707a1.pdf

USDJPY Sym Triangle

~~ USDJPY ~~ is steaming up for a break with a tight symmetrical triangle formation retracing 38% daily and monthly within relative time frames as shown on the charts.

Tomorrow is a WWW day so we could see a volatile session for markets. Good luck with trades

1Best Signals 080708

Markets rallied from pivotal supports in noted Megaphone RST formations for SPX 1240 and DOW 11120. Nasdaq 2210 and Qs 4424 are pull back targets and pivotal supports at which markets reversed. $BKX 59.38 reversed from 54 noted LT RST support. Oil 136.70 retrieved from 146 which is near LT projected target 150 shown on the VLT chart, conversely, $TRAN rallied to 4921 from 4650 support. As more solar car becomes popular, oil price will substantially fall which will also stimulate next economic growth. Trading volume was higher during the last few days with higher VIX with consolidating formations which can be seen on DOW round bottom with positive divergences on weekly and oversold daily price actions. We will likely see a bottom at this level even though earning reports are uncertain. Prior to the recent pull back, on weekly price actions, the rally from Jan-Mar 2008, were showing positive divergences while daily price actions were showing negative divergences. Now, we have positive divergences on daily and weekly. With weekly +D ZLR and megaphone formations, it is likely that we have seen the bottoms.

~~~ $BKX ~~~ 59.38 rallied 7.63% from very oversold condition. BAC/C rallied 9.3%/6%, respectively. The LT $BKX formation from megaphone RST support with hammer formation is suggesting a LT bottom as noted in previous comments.



~~ DOW 30 Components ~~ as noted on previous post, financials rallied, within DOW 30, and CVX and XOM were underperformed with only about -1%. AA sold off 3.07% however, it regained the loss after earning report in AH.


~~ Qs, SPY, DIA OEPM charts ~~ show positive signs closing above yesterday HOD, but not SPY & DIA. DIA/DOW shows bottoming formation even though we had violent intraday swings for several days.

~~~

Nice rally from oversold market condition with some comments from various fed and bank officials. Oil price certainly helped markets and B.P. comments are helpful, but I think that developing solar energy is better than wind energy as solar energy is a new technology while wind energy is still using evolved old technology, i.e. electricity.

America Energy Independence

Energy ~ the next generation of economic boom

We could eventually build solar cell exterior houses, buildings, and cars.

Go Solar Energy!! ~ I think that it is the best alternative energy which is clean and effective.

We need to develop more powerful solar panels and solar chipcells. We had solar roof technology for decades, but it is not developed as US is one of the solar tech lagger. We now need to advance the technology.

Solar/alternative energy is the next generation of economic growth!! As often as we have advanced solar/alternative energy, our future economy is hopeful and developing.

Toyota Motor Corp. plans to install a solar power generation system on its Prius hybrid car, when the vehicle goes through a complete makeover as early as next spring, according to a media report Monday.

God bless America

It has been 4 years since President Reagan passed away. I recommend to watch a movie, "In the Face of Evil" with the subtitle 'Reagan's War in the World and Deed', which depicts the world history. This is an excellent documentary movie to watch during the July 4th holiday to remind ourselves that our fundamental core value is based on the belief that we are ultimately fighting spiritual warfare.

From a Christian perspective, we are fighting a spiritual warfare and I believe that God will win all battles even though He allows evil power to wage wars. I encountered a comment written by ex-military who fought in battles saying that he was forced to fight and to love the country; however, the fact is every military member sworn to defend the country when he or she joined military. Therefore, it is a duty to defend the country. Of course, it is different if military duty is forced as in some countries. However, it is the policy in United States that all military members sworn that they will defend the country when he or she joined military. As for me, I love USA and wanted to serve the country when I joined US Navy. The reason that I mention this is because it is the "July 4th US Independence Day" holiday.

We are one of the hardest working people in the world but many Americans are very materialistic; however, this is the basic driving force for most of human being desire, so called "Greed" for power and money. As a believer in God, we will ultimately be accountable for all our actions when the final time comes, Jesus Second Coming. God is the Ultimate Judge and holds keys to heaven and to hell.

I have encountered that some are lying and cheat to get money; but, God knows all our thoughts and intentions even counting very numbers of our hair and genetic cells which is almost infinite from human mind. Believing this, I believe that the religious wars are based on human misunderstanding of God's Will. We often force God into our little boxes as if we know exactly what God is planning to do. Our understanding is based on our spiritual understanding of God and even though the understanding is inspired by God through Holy Spirit who is powerful working Spirit of God, we will never be 100% sure that is the Will of God since we are limited in our understanding of scope of God who God really is. Of course, we believe that God reveals His Will through Abraham, Moses, Prophets, Bibles, etc.; but, yet, I believe that we really do now know Exactly What God is planning to do with 100% accuracy since all men and women have sinned against God and none is like Almighty God.

In conclusion, we need to seek the Will of God, not the power and greed. In my opinion, "2008 God's Final Witness" written by Ronald Weinland is false.

May the God's Will be accomplished. Praise the Lord!


Those who hope in the Lord will renew their strength.They will soar on wings like eagles; They will run and not grow weary, they will walk and not be faint. Isaiah 40:31

$BKX

Oil

Happy July 4th