UK Precious metal ETF's

These are the UK sterling based etf's  for silver and gold, both charts looking very bullish here ,imo

FOGL is at at important resistance.The likelihood seems to be for a pullback towards the rising 200 dma.The Gann support/resistance that stands out is 45 and 90

Nice renko chart of SLV from Etx

Cocoa

The measured move projects down to 1580

Dax

Looks like a bear flag/backtest

Hargreaves Lansdown

This stock (UK financial services) is looking weak,with 3 weekly highs on or around the 50% retracement (521) of the first leg down

Quiet session,with the US closed.Bearish shooting star and test of 10 dema

Rugby history

 Congratulations to Harlequins on their first ever win of the English premiership !

http://www.itv.com/itvplayer/video/?Filter=317832

Ftse250

I first posted this chart in April,without the Murrey math levels,just looking at the candlesticks,and it has been working nicely.No sign of a bottom yet

Inside week.EMAs bearish.Macd bearish

NYAD

looks toppy to me although its not a chart I have followed a lot

http://www.munknee.com/2012/05/no-fiscal-changes-coming-soon-or-ever-to-u-s-heres-why/

Wow...an exciting day today,with a late rally in the US markets.My take is the trend is still down and I covered shorts (Dax,Ftse ) today but will be looking for an oppurtunity to re-short Europe and maybe buy Vix.Great day for shorts in the softs...coffee,cocoa,soybeans....the trend is your friend.Ftse looks like 5100 needs to be tested but I think lower is likely.The weekly candles are a great "noise remover"

TEM

We should see a bounce from 5.00 at least.If we break below the previous highs its a sell !

I like this fund and the theme.I bought today at 5.04 but will not hesitate to cut if it doesnt act right .A Chinese hard landing would not be kind to EM so its a very important chart and one to monitor

Dow

Spx Gann 180 cycle

A fair amount of confusion out there,especially amongst the Elliott fraternity (ES was 5 waves but cah only 3 or something  :-) , but my take is that the dollar is looking strong (bad for equities/risk) ,weekly charts are bearish till we get a HH and there is a Gann cycle for a low on the 25th.So leaning towards today being a reversal and more down to come,still think we need to watch Dax,Ftse for the lead...

Kyle Bass on Japan's deficit

http://www.zerohedge.com/news/presenting-kyle-bass-harvard-business-school-case-study

this chart is from Dino

Dow Jones

The Gann angle chart shows the bears in control.The original surmise,that the top was made on a a 4 month and 6 month cycle and retested on a 12 month cycle,proved deadly accurate

XLF

A trendline backtest and retrace toward the 25 dma seems possible

Spx

Soybeans

NY Coffee

Ugly close..we are in the target zone for the S&P at 1280-1300 but candles dont look bullish.This AAPL chart does not suggest the support on the Nasdaq chart I posted (looking for a bounce)  this morning will hold.We shall just have to wait...

NDX

Spx

Still thinking thinking a low between 1280-1300 on this 6 month cycle. 144 points down would be 1278.Wait for confirmation...a waterfall decline is not out of the question ! Mid June has important cycles and is also a Bradley date.

Inside day setups

HSBC

Gap down off 3rd high

 

some random charts...

Dax sell signal

Today's high can be used as a sell-stop on shorts against a break of the 4 day range (inside Monday last week's range)

above is cash chart,below is the future

we should accelerate down from the head and shoulder neckline,4x1 should contain the decline.We are down 10 td and 16 is a typical short-term cycle

Head and shoulders and ADX sell signal...risk clearly remains on the downside.I still think we may bounce from 1280-1300 zone ,which was a measured move target I showed some time ago.Not a time to be complacent though,or to be clever scalping longs,imo !  (chart from Ron Walker)

NY Coffee

Dax

Bulls need to work hard to undo the damage here

this FTSE roadmap I tentatively drew up 3 or 4 weeks ago is looking good so far

Vix - breaking out?

This is not a pair Ive looked at for a while but looks like a nice 5 up 3 down ,implying the pound should start to strengthen here