Chart to Watch - LSI Corporation

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the LSI Corporation. (NASDAQ_LSI).

I hope you are having a GREAT week !!!

This week let's take a look at how the LSI stock chart looks with the MarketClub Trade Triangles.

With stocks we use the monthly MarketClub Trade Triangle to tell the trend and the weekly MarketClub Trade Triangle for timing.

LSI is on a monthly green Trade Triangle which means the trend is up. Continue reading "Chart to Watch - LSI Corporation"

The Biggest Gold Prediction Of The Year

By:David Goodboy of Street Authority

Whenever I'm faced with a major change in my opinion regarding the market's long-term direction, I think of the English punk band the Clash.

In particular, the 1980s hit "Should I Stay or Should I Go" comes to mind. With apologies to the song's writers:

"Should I buy or should I sell? If I buy, there will be trouble / If I sell, it will be double."

Thinking of these altered lyrics might be a nod to being obsessed with music during my adolescence. It might also be a signal that it's time to make a change. I like to think of them as the latter. Continue reading "The Biggest Gold Prediction Of The Year"

Strategies for Success in a Bloody Market

The Gold Report: John, early this year you predicted that as many as 500 companies listed on the TSX Venture Exchange would go under by the end of 2013. Do you stand by that?

John Kaiser: I think at least 500 companies are endangered; I doubt they will disappear by the end of the year. The critical time will be next summer, when their audited financials are due and their annual meetings will be held. If we have not had a turnaround by then, many management teams will hand the keys over to the stock exchange and abandon their companies.

Of the 1,800 companies we follow, 761 as of June 28 have less than $200,000 ($200K) in working capital left. That is the bare minimum needed to merely exist as a publicly listed company.

TGR: Is capital on hand one of the first things that you look at when deciding whether to invest? Continue reading "Strategies for Success in a Bloody Market"

Taper to Carry … a Logical Chain

Below is the opening segment of this week's edition of Notes From the Rabbit Hole (NFTRH 246).  My friend’s request for a 'simple' road map ended up a bit wordy, but I think the chain is logical.

Mail from a friend:  "I think your taper-to-carry idea has legs, but I’d really appreciate it if you went over the basic theory and how you see the dots connecting, if you decide there’s space and time in this weekend's edition at least. What I’d really want is a simple road map, the logical chain if you will. Nothing fancy, just the way it may (repeat may) play out and what its consequences might be."

When this request came in I had already been thinking about trying to put this all together in a logical sequence since 'T2C' was graduated to an actual plan from a thesis last week.

The idea was first introduced in NFTRH 241 on June 2, which was the week that the BKX-SPX ratio broke out to the upside and long-term Treasury bond yields broke up from bottoming patterns.  In the ensuing 5 weeks the macro fundamentals and technicals have only become firmer in support of T2C. Continue reading "Taper to Carry … a Logical Chain"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (July 8th through July 12th)

As expected, markets overall went through the lighter volume volatility trade last week due to the July 4th Holiday. The only standout was the Crude Oil Futures, which spent the entire week pricing in the news in Egypt. Aside from that, most other markets went through the usual rangy market swings that are expected around shortened Holiday weeks, especially those in the Summer.

I anticipate we will see similar movement in the week ahead as Summer trading continues. Additionally, the upcoming week is a bit light on tradable news. Aside from reviews from the monthly meetings of the Central Banks in the US and Japan, we begin quarterly earnings reports in the US Stock Indexes. If there are no major surprises, I would expect the same type of volatility we saw in the prior week. Continue reading "Gold Chart of The Week"