Sunday, June 17, 2012

Weekend Charts

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Exit polls from Greece suggest the result of the second election in just six weeks is too close to call, and this could be bad news for sentiment when Asia markets open.




The S&P 500 Bullish Percent Index is a point-and-figure chart that derives its value from the point-and-figure charts of the 500 stocks that comprise the S&P 500. Here’s how it works:
- If an increasing number of those 500 stocks are showing buy signals on their point-and-figure charts, the S&P 500 Bullish Percent Index will be moving higher.
- If an increasing number of those 500 stocks are showing sell signals on their point-and-figure charts, the S&P 500 Bullish Percent Index will be moving lower.







Oil Below $80? CNBC Poll Provides Answer link

Position Update:

Silver Wheaton (SLW) 1/2 position 4/17 $30, 1/4 position 5/8 $26.75 & 1/4 position 5/9 $26.75

Freeport McMoran (FCX) 1/2 position 4/5 $38 & 5/14 $34.80 1/2 position

Apple (AAPL) 1/4 position 4/24 @ $559 /  1/4 position 5/17 @ $539

Qualcomm (QCOM) 1/4 position 4/24 $61.40 / 1/4 position @ $58.50 & 1/4 position @ $57 on 5/17

Proshares Ultra Crude Oil (UCO) 1/4 position 5/9 $36.70/ 1/4 @ $32 on 5/23
                                                           1/4 @ $29.25 on 5/31 / 1/4 $27.40 on 6/1

Starbucks (SBUX) 1/2 position 5/10 $52.50

Proshares Ultra S&P500 (UPRO) 1/4 position @ $70 on 6/14

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