Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (49187)	2/6/2013 3:52:41 AM
From: Johnny Canuck	Respond to of 67929

Despite the huge day to day volatility due to earnings season the intermediate underlying trend of the indices remains intact and except for the COMPQ and gold that direction is up. SP500 entering a bit of at short term consolidation phase. This is healthy as it allows the index to work off the overbought condition. Similar condition on the DOW. DOW transports forming an ascending triangle over the last 10 days which can be bullish, but it need to break the high of the range in the next few days or the pattern will have been deemed to have failed. A failure of the pattern just means the next direction of the index is indeterminant and will be driven by the next news event. COMPQ still in a sideways consolidation pattern but with a slightly positive bias as it has tried to break the range twice without a follow through day. Short term uptrend remain intact on the Russell 2000. It is losing some of it momentum though. Again this is just working off an overbought condition. Short term uptrend also remains intact on the financials. Energy entering a little bit of a sideways short term consolidation pattern. Seasonality would suggest that we will soon be entering the shoulder season when energy related stocks experience weakness as we exit the high demand winter heating season but have not entered the high demands summer cooling season. Gold still on an intermedate sell signal and at best a short term sideways pattern. Not sure what is driving natural gas, but it is on the verge of a triggering an intermediate term buy signal. I don't like the lack of volume on the buy side as indicated by the OBV though. Keep in mind I am trading a trend following system. My signal will alway have a lag and is based on the break of specific support or resistance levels and that a follow up day for confirmation is required. You should be setting trailing stops on your positions and tighten those stops as the stock or index moves up and the intra-day volatility increases. Calling tops and bottoms are difficult and most technician get it right a fraction of the time. I prefer not to fixate on doing that and just have your trialing stops profect my positions. Modify your trialing stops and exit strategies according to your trading style.

To: Johnny Canuck who wrote (49187)	2/6/2013 7:10:49 AM
From: FJB	1 Recommendation Read Replies (1) \| Respond to of 67929

RE:smaller banks Surprise! Dodd-Frank Helps JPMorgan Chase By John Carney \| CNBC – 49 minutes ago When President Barack Obama signed the Dodd-Frank financial reform bill into law three years ago, he promised it would encourage healthy change and competition. JPMorgan Chase CEO JAMIE Dimon. REUTERS/Yuri Gripas"This reform will help foster innovation, not hamper it. It is designed to make sure that everybody follows the same set of rules, so that firms compete on price and quality, not on tricks and not on traps," Obama said. How is that working out? It turn out that in the view of the head of one of the biggest banks in the United States, Dodd-Frank is helping the big banks by making the cost of regulatory compliance so high that smaller rivals cannot compete. This is from a report from a Citi analyst who spoke with JPMorgan Chase ( JPM) chief executive JAMIE Dimon (via Business Insider): He even pointed out that while margins may come down, market share may increase due to a "bigger moat" -- We were surprised that regulatory risk was not mentioned as one of the key risks. In Dimon's eyes, higher capital rules, Volcker, and OTC derivative reforms longer-term make it more expensive and tend to make it tougher for smaller players to enter the market, effectively widening JPM's "moat." While there will be some drags on profitability - as prices and margins narrow, efficient scale players like JPM should eventually be able to gain market share. In other words, Dodd-Frank is good for JPMorgan and bad for smaller competitors. The rule that "everyone follows" is just this: Get bigger. This will surprise a lot of people - but it shouldn't. As a Washington Examiner blog explained, there are many, many examples of regulation helping bigger business and discouraging competition. Regulatory complexity increases the cost of compliance, which discourages new entrants and rewards firms big enough to hire armies of lawyers. Thus is has ever been, thus is shall ever be.