Free ETF Technical Analysis and Forex Technical Analysis Chart Book Sample for November 4 2011
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Transcript of Free ETF Technical Analysis and Forex Technical Analysis Chart Book Sample for November 4 2011
8/3/2019 Free ETF Technical Analysis and Forex Technical Analysis Chart Book Sample for November 4 2011
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Euro worries result in “Melt-up”
11/4/2011Volume 1, Issue 23
Sea Lion Capital Management LLC Chart Book
The Eurozone crisis wears on investors everyday with the financial news media feeding one painful detail after an-
other to a public desperate for resolution. By now everyone should be clear that quick and clear resolution is not
coming any time soon. Instead we should expect a on-going high wire act that will now include Italy and possibly oth-ers. This will keep volatility at elevated levels but will not prevent markets from rallying on good earnings. The quar-
ter’s earnings in the US have been better than expected and the threat of recession has receded. While the economy
will continue to perform at sub-par levels, easy money and positive corporate earnings will propel stocks and com-
modities for the rest of the year.
From a technical perspective resistance in the 1215 of the S&P was cleared on 10/21, retested on 11/1 and the stage
is set for the October rally to continue. The retest on 11/1 was a “doji” candle but most closely resembled an in-
verted hammer in terms of price action and was confirmed nicely with higher opens and closes the next two days.
This represents bullish momentum and a change in sentiment moving forward. This momentum should take us to aretest of the 7/22 highs. As long as the current channel is maintained dips are entry opportunities.
This chart book is provided for educational purposes only and is not a solicitation to buy or sell any security.
8/3/2019 Free ETF Technical Analysis and Forex Technical Analysis Chart Book Sample for November 4 2011
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Page 2 Sea Lion Capital Management LLC
Chart #1—SPY, SPDR S&P 500
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Page 3Volume 1, Issue 22
Chart#2—QQQ, Powershares Nasdaq-100
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Page 4 Sea Lion Capital Management LLC
Chart #3—EUR/USD, Eurodollar
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Page 5Volume 1, Issue 22
Chart# 4—OIL, iPath Crude Oil ETN
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Why Sea Lion Capital Management?
Everyone needs help investing money. Whether for retirement or additional income every-
one wants to benefit from our free market capitalist system to increase their wealth. Theproblem is most individual investors lose money. In every trade there is a winner and a loser
and the global marketplace moves so fast and is so complex the "Average Joe" investor has
no chance. Most individual investors end up losing money in misplaced stocks and mutual
funds. The psychological pain of watching hard earned money be lost makes most individual
investors "buy high and sell low". More than half of all managed mutual funds cannot even
keep up with the market indexes. If you have invested in the past and are frustrated with
the lack of quality returns we can help.
The Difference
Sea Lion Capital is a unique approach to wealth management. While most investment advi-
sors require their clients to have hundreds of thousands of dollars we can work with you
with as little as $10,000. Most investment advisors require you to use an expensive broker
whereas Sea Lion Capital is partners with one whose commission fees are some of the lowest
in the industry. We know everyone is concerned about wealth management but few know
what to do about it. The internet has revolutionized home mortgages, tax services, insur-
633 Normandy Vlg
Nanuet, NY 10954
Phone: 877-242-8880
Fax: 877-242-8880
E-mail: [email protected]
Sea Lion Capital
Management LLC
Visit me on Collective2.com and Zulutrade,com
Uncommon Wisdom for All
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