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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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tradewithZEN
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  • Markets Whipsaw On Washington's Words

    By All About Trends

    Folks, recently we talked about Washington bickering amongst themselves and how it would NOT be tolerated by the market. Yesterday Harry Reid had this to say:

    HARRY REID SAYS `LITTLE PROGRESS' MADE RECENTLY IN FISCAL CLIFF TALKS. DISAPPOINTED WITH LITTLE PROGRESS IN DEBT TALKS

    And away we went to the downside. The cliff actually is nothing. It is but it isn't compared to?

    42 TRILLION (That's with a capital T folks) in unfunded medicare liabilities. 20 TRILLION in unfunded government pensions, 20 TRILLION in Social Security unfunded liabilities.And they want to bicker about a tax hike on the rich that over ten years amounts to one lousy year of deficit spending?What about the other 9 years.

    And how about Social Security! This is SUPPOSED to be money set aside in a trust fund for we the people. If that money is set aside for we the people then how come there is an unfunded liability there. Where's our money? Ohhhh I forgot we the people entrusted then with it and they squandered errrrr SPENT it. How can any of us be "Hip" with that. This is OUR money, our retirements. Trust me the chickens are going to come home to roost at some point, in the meantime the fox continues to raid the hen house, our hen house that is.

    See those TRILLIONS? Those are HUGE HUGE numbers. See why I said the cliff is nothing? Nuff said.

    (click to enlarge)

    Moving back on to point, later in the morning today Boerner said he's positive they can reach a deal. And here we are filling the opening gap. What is interesting about all of this is that its funny how when we are at a key turn point that something comes out and sets the wheels in motion. We saw that yesterday at multiple resistance levels. This morning after the opening volley carry forward we got the flip side out of Boerner which just so happened to allow the markets to fill the opening gap. In other words the market technicals are matching up with he said then he said out of Washington. We'll see if this is going to be a repeat of June 2011 where every market move hinged upon what was said or wasn't said. All of which makes for volatile markets that can be used to ones OPPORTUNISTIC advantage.

    We now return you to our regularly scheduled programming which is we are pulling back. The true extent of that pullback is yet to be seen but currently I see no reason to change our stance and that is to continue to prune long-side positions and build short positions. Next up? More bickering.

    (click to enlarge)

    (click to enlarge)

    F we are indeed headed lower to some sort of retracement of the low from a week or so ago? Then yesterday's highs ought to stick baring a retest back to the scene of yesterday's crime highs that is. Which as I post may be occurring currently.

    Nasdaq remains under 200 ma with a down-sloping 50 ma.

    Not a good sign for bulls even with today's reversal off lows.

    (click to enlarge)

    Game plan for the coming week

    What we'll be doing here is taking it one step at a time one stock at a time. With the markets at a lot of resistance we want to continue to prune some long positions and start to take probing "Be There" short sells.

    The following is from today's mid day premium update from All About Trends. Subscribers receive daily commentary and a weekend wrap-up. Experience our accurate market analysis, trading methodology, and stock selection to raise your equity curve for only $20 for the first two months. That is an incredible deal, but before you spend money, give our free newsletter a try to see what we're all about and grab a free report as well.

    Dec 13 3:14 PM | Link | Comment!
  • Financial Astrology: Lunar Eclipse Nov 28, 2012

    By Karen Starich

    On Wednesday we will have a lunar eclipse at 9:45 am EST. The eclipse will peak at 6-7 degrees Gemini. This will be the same degree Jupiter will move stationary direct from on January 30, 2013. There may be plans in the works to arrange meetings with Russia that could change the future for EU nations. There are significant planetary placements on November 28th that will mirror and bring a warning for events that will begin to unfold near December 22nd concerning the United States, Europe and the destiny for EU nations. The turning point for Europe could be as critical as the agreements at Yalta between Franklin D. Roosevelt, Joseph Stalin, and British Prime Minister Winston Churchill. During the meetings at Yalta Roosevelt agreed to the hand over to Stalin the nations of Bulgaria, Poland, Albania, Hungary, Czechoslovakia, and Romania. The Western Powers soon realized that Stalin would not keep his promise and allow free elections in Poland. Soon after these nations were sacked, looted, and the people repressed by the Soviet military. It took four decades and the Malta agreements that took place in 1989 between Gorbachev and Bush to reverse many of the decisions made at the Yalta Conference in 1945. After the meetings in Malta the conditions and economies, particularly Poland, finally began to improve after four grueling decades.

    The parallel to 1989 (Click to see 1989 Chart) and 2012 is being mirrored in a very rare planetary alignment between Saturn, Pluto, and Jupiter. In 1989 Saturn was transiting in Capricorn (Saturn rules Capricorn) and Pluto in Scorpio (Pluto rules Scorpio), a rare occurrence since Pluto's orbit is 245+ years. The two planets made a sextile (60 degree angle) to each other while both were inconjunct (150 degree angle) to Jupiter. The pattern is called a Yod and is also referred to as "a finger of God." The power of the Yod, or Y configuration, has the potential to bring large scale changes affecting society as a whole. The power of this configuration can bring about a 'shape shift' where suddenly our way of life can be altered in a good way as it was for Europe in 1989, or in an evil way as it was in Tiananmen Square also in 1989. In Russia Communism was falling apart while in China communism became more barbaric. In 2012 and 2013 Saturn and Pluto have switched places in what is called mutual reception, which means two planets are transiting each others sign at the same time. The mutual reception will amplify the Yod's influence and suggests a grand turning point of karma and destiny for the planet that hinges on Jupiter's influence at the tip of the Y.

    Click Image to Enlarge

    Alan Leo is considered the father of modern astrology and in his published work he describes Jupiter as 'the preserver' and compared Jupiter to the Trinity. The influence of Jupiter in the Yod will bring about a critical awareness that is heightened among the people and most likely delay any evil that could have been precipitated from the aspect between Saturn and Pluto. We may be about to experience what I will call a 'Hail Mary Pass," in December that could prevent a nuclear event. There will be two more exact sextiles between Saturn and Pluto in March 2013 and then again in September 2013. In 1989 there was concern and threat of a nuclear war with Russia that did not come to pass. Most likely in December we will have more to contend with other than just the fiscal cliff.

    Karen uses astrology to forecast events in the financial markets and Jeff Pierce adds in the technical picture for the stocks in focus. Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars.

    Dec 13 3:14 PM | Link | Comment!
  • Where Are The Bears?

    A few weeks ago when volatility was really picking up and the markets were falling it seemed like many people were calling for a short term bounce in which they wanted to establish short positions. Well now that we've bounced over the holidays it doesn't seem that traders have held onto that bearish bias. In fact, my twitter stream seems to be loaded with bullish traders or those who are bearish but afraid to commit to any positions. And then there are those Apple traders who feel that stock is going back to $650+ which in fact would propel the general markets higher if that were to happen. So if your bullish on Apple you're essentially bullish on the general markets. In other words, if it's unfathomable for Apple to fall then you don't believe the markets are going to fall, which gives you a bullish bias by default.

    I remember at the bottom I felt the markets would bounce as well and was a little worried because so many shared my view of shorting the bounce. But now that the bounce is here it seems that very few are shorting it which gives me a more confidence that the markets have hit a short term top.

    (click to enlarge)

    Nov 29 1:42 AM | Link | Comment!
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