Free ETF Technical Analysis and Forex Technical Analysis Chart Book Sample for November 4 2011

7
Euro worries result in “Melt - up”  11/4/2011 Volume 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 w ill not prevent markets from rallying on good earnings. The quar- ter’s earnings in the US have been better than expecte d 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 continu e. 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 a retest of the 7/22 highs. As long as the cur rent channel is maintained dips are e ntry opportunities. This chart book is provided for educational purposes only and is not a solicitation to buy or sell any security.

Transcript of 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.

Page 2: 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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