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Michael Clark
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Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst. His fine arts portfolio can be found at the following address: http://www.hoalantrangallery.com/MJC2.htm His writing portfolio can be found at:... More
My company:
Clark's Gate Timing System ©
My book:
TURN OUT THE LIGHTS
  • BORING MARKET DRIFTS IN TIGHT RANGE. US DOLLAR BOTTOMING? BUY: LNKD 0 comments
    Aug 7, 2012 3:51 AM

    Is it just me; or is this market boring? Caught in a tight range, drifting up, drifting down. Of course, when a consolidation breaks up or down, then things will get wild.

    Below are charts of our three main momentum indicators (charting the 512 issues we follow). In each chart the blue line is the SPX; the red line is a different momentum indicator I've created. The recent rally has failed to move the momentum indicators in two of the three charts.

    Our UUP (US Dollar Bullish ETF) vs USO (US Oil Bullish ETF) looks to be bottoming. If this means anything, as it has meant something recently, stocks and some commodities should begin to top here.

    Our USD vs EURO chart shows a bit more pressure on the Dollar, as an expected bottom may be turning in to an 'extended bottom' which may not mean much except more time spent in the bottoming process.

    (click to enlarge)

    (click to enlarge)

    From a book of poems I am currently writing called THE SPELL BREAKS:

    A spell breaks.

    A horrible carcinogenic truth emerges.

    The blue cadaver is found in the window seat, overlooking Saint Ellen's Cathedral.

    The blue cadaver begins to speak.

    Oscars are given out.

    We are all tempted to obfuscate,

    Tempted to articulate lies and half-truths,

    Anything to make us look better to the world,

    Better than we are.

    We hate being judged - that is, we hate being judged as being failures, losers, fakers, common incendiaries.

    The judges are everywhere.

    We can hear them moving in the higher circles;

    But now even the higher circles are being judged.

    And this is fine with us.

    Because the higher circles have been stealing from us for ages now,

    Stealing, fixing the government, fixing prices, making laws for themselves,

    Making laws to protect their theft and their selfishness.

    We have tolerated this rising incidence of crime and graft

    Because we thought, somehow, we benefited also.

    We have stopped believing this now.

    We know the price-bubbles benefit the few, and the wealthy only.

    It is a fixed game.

    We watch our neighbors disappear, as the house is repossessed.

    We, too, are now being punished for being crooks and killers.

    Is that it?

    We are being punished for being liars and cheats?

    Ok, I can understand that.

    Where are we heading, in terms of the depth of destruction we are going to have to endure?

    Are we going into world war, world depression, world deprivation?

    Yes, I expected that.

    Are we going to be destroyed by our predecessors?

    Are we going to be crippled by our competitors?

    Yes. We are hated.

    Yes. We are envied.

    Yes., we will be hurt deeply.

    Will we overthrow our governments, and will we choose a fascist enterprise?

    Quite clearly we will.

    Fear makes a heart hungry.

    Fear makes a spirit desperate.

    Let the Animator appear and begin draping himself in flags and religious conventions;

    And begin manufacturing instruments of death.

    God's harvesting season is coming.

    Notaries begin to sign death certificates through the draft-bill;

    And young boys cut their hair and move through the cattle yards toward the slaughter houses.

    In early dreams of the contagion.

    Is that how capitalism manages to survive?

    Nothing is requisite here.

    Nothing can be managed better than the ultimate sacrifice of the self

    For the good of the community of profiteers.

    The fat, stupid bankers wear a conservative genius for self-protection.

    They will help finance the war with some kind of war-bond or interest-bearing account

    That returns 1% to dead veterans' families.

    The prayers begin.

    The sappy mothers send their children to die of mutilation and gassing and firebombing

    Because their pastors think it is good to fight God's battles again pagan villainies.

    Where virtue is clear -- and God's angels stand on the side of a clear and moral majority --

    Do not believe them.

    Bankers smile.

    We have done it before; we will do it again.

    TODAY'S TRADING SIGNALS: We're getting a BUY SIGNAL on LNKD; and a SHORTSELL SIGNAL on FB.

     

     

      Trades forTrades for 
      TuesdayMonday 
      7-Aug6-Aug 
         
    TRADING SYSTEM T11D Sunmarry 10/Zero 
    (Intermediate-Term)   
         
    ProfitActive% Gain  
     Trades   
         
    $39,330.001093.61%  
         
    SYMBOLCLOSETodayYesterdayCompany
         
    AEM44.81Enter Long Agnico-Eagle Mines
    AXPW0.32Enter Short AXION
    DSX7.08Enter Long Diana Shipping
    EDU11.9 Enter ShortNew Oriental Educations and Technology
    IDI1.37 Enter LongSearch Media Carry-Trade ETF
    IRE5.78Enter Long Bank of Ireland
    LNKD111.55 Exit ShortLinked In
    TSU22.37Enter Long TIM Part (Tele Cellular)
         
    * See chart    
         
    TRADING SYSTEM M2F ALT  
    (Short-Term)   
         
    ProfitActive% Gain  
     Trades   
         
    $6,570.001110.59%  
         
    SYMBOLCLOSETodayYesterdayCompany
         
    ADBE32.14Enter Short Adobe Daily
    CBI36.8Enter Short Chicago Bridge and iron
    CBPO10.311 Enter LongChina Biologic
    CLI26.93 Exit LongMack-Cali Realty Corp
    CTSH64.21Enter Short Cognizant Tech Solutions
    ENMD2.09 Enter ShortEntremed
    FTS.TO33.21Enter Long Fortis
    LODE2.95 Exit LongComstock/Goldspring Mining
    LPS25.54Exit Long Lender Processing Services Daily
    PG65.81Enter Short Proctor and Gamble Daily
    REMX12.69 Exit ShortRare Earth Metals ETF
    RGR44.12 Enter LongSturm Ruger
    XIDE2.96Enter Short Exide Technologies
         
         
    * See chart    
         
    TRADING SYSTEM ChartMeter  
    (Intermediate-Term)   
         
    ProfitActive% Gain  
     Trades   
         
    $30,748.002810.98%  
         
    SYMBOLCLOSETodayYesterdayCompany
         
    ^VIX15.95 Exit LongCRB Volatility Index Daily
    ARUN14.73Exit Short Aruba Networks
    EWZ54.21 Exit ShortBrazil ETF
    FB21.92Enter Short FACEBOOK
    FCX34.34Exit Short Freeport McMoran Mining
    GBPCNY=X9.935 Exit ShortBritish Pound/Chinese Yuan
    GDXJ19.96 Exit ShortGold Junior Minors ETF Daily
    LD45.43 Enter ShortLead ETF
    LNKD111.55 Enter LongLinked In
    NANO15.21 Exit ShortNanometrics Inc
    PEIX0.333Exit Long PACIFIC ETHANOL
    SYNA27.67 Exit ShortSynaptics Inc
    TNP5.36Exit Short Tsakos Energy Navigation LTD
    USDCNY=X6.374Enter Short US Dollar/China Yuan
         
    * See chart    
         
    TRADING SYSTEM T11D Sunmarry Cross 2ab 
    (Short-to-Intermediate-Term)  
         
    ProfitActive%  
     TradesGain  
         
    $20,574.00523.96%  
         
    SYMBOLCLOSETodayYesterdayCompany
         
    LNKD111.55Enter Long Linked In
         
         
    Portfolio gains based on $10,000 investments per trade.

    (click to enlarge)

    Michael J. Clark, Hanoi, Vietnam

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