Thursday, March 11, 2010

Nasdaq Composite Index


On this monthly chart of the Nasdaq Composite Index (the index of the US technology stocks), you can see:

1) that we are in a secular bear market since the burst of the tech/internet bubble in 2000
2) that within the secular bear market, there was a cyclical bull market from 2003 till 2007
3) in 2008 the market went down strongly and reached a bottom in March 2009
4) we are now at a critical juncture: will the Nasdaq index break out above the downtrend line? if yes, it would mean an end to the secular bear market; if not, a continuation of it.

Monday, March 8, 2010

Video on Goldman Sachs

This video is a visualization of Matt Taibbi’s article “Inside the great American bubble machine” on how Goldman Sachs has engineered every major market manipulation since the Great Depression. Click here for Taibbi's article.

Sunday, March 7, 2010

SPDR Gold Trust ETF (GLD)

This is the ETF of gold.
1) "Head and shoulders" technical figure? If yes: bullish
2) Resistance level is clear: $112. If price breaks above it, it's a buy signal
3) If price falls below 109, it would cancel this technical figure and is therefore our stop loss