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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
  • Rally Gains Momentum. US Dollar Mixed. Short: AVEO; LULU; ARO; LONG: NSM 0 comments
    Aug 13, 2012 8:53 AM

    The rally continues; and our internal market indicators (three momentum; two trends) are positive. We expect higher prices, based on these indicators.

    The short-term trend indicator (bottom row, left) turned down for one day and then turned back up on Friday.

    We have been following the US Dollar counter-trend power very closely lately, expecting a dollar rally and a consequent downturn in stocks. So far we are still waiting. In truth, stocks have been rather flat since the Dollar seemed to bottom on last Wednesday. The two charts below show 1) US Dollar (UUP, Bullish ETF) vs. USO (US Oil ETF) -- a Dollar/Commodity record; 2) USD/ERU vs SPX (Pending:GSPC) showing the Euro Dollar's connection to stocks, the S&P 500 Index. A declining Euro/Dollar should be accompanied by weaker stock performance.

    We'll watch this relationship a while longer to see if it is still in effect.

    (click to enlarge)

    (click to enlarge)

    TODAY'S TRADES

    Good looking charts for both long positions and short positions:

    The Trade Trigger in each of these charts is the black line in the top pane. When it touches the low of -10 (and when trends are negative), we short. (When the T11D Sunmarry hits +10, we look to go long, if trends confirm.)

    LULU's most recent rally was feeble; and its most recent pullback did break earlier support.

    (click to enlarge)

    AVEO looks even worse than LULU, in terms of broken-down support levels.

    (click to enlarge)

    ARO had a nice chart pattern interrupted -- ruptured really -- by earnings questions last week, shattering a bullish chart pattern.

    (click to enlarge)

    NSM suffered through a pullback last week, but recover and looks ready to

    (click to enlarge)

     

     

      Trades forTrades for 
      MONDAYFRIDAY 
      13-Aug10-Aug 
         
    SEE PORFOLIO SUMMARIES BELOW  
         
    TRADING SYSTEM   
    ChartMeter 3   
    (Intermediate-Term)   
         
    SYMBOLCLOSETodayYesterdayCompany
         
    GNW4.84 Exit ShortGenworth Financial
    GRPN7.44Exit Short Groupon INc
    HLCS0.065 Enter LongHelicos Biosciences
    ICN20.43 Exit ShortIndian Ruppee ETF
    NG4.29 Exit ShortNovaGold
    WPRT36.81Enter Long Westport Innovations
         
    * See chart    
         
         
    TRADING SYSTEM   
    T11D Sunmarry Cross 2ab  
    (Short-to-Intermediate-Term)  
         
    SYMBOLCLOSETodayYesterdayCompany
         
    AOBI0.4Enter Long American Oriental Bioengineering
    CYTX2.66Enter Long Cytori Therapeutics
    HOV2.55 Enter LongHovnanian Daily
    IGOI0.47Enter Short I Go INC
         
    TRADING SYSTEM   
    M2F ALT    
    (Short-Term)   
         
    SYMBOLCLOSETodayYesterdayCompany
         
    AUDNZD=X1.3Exit Long Australian Dollar/New Zealand Dollar
    DRR49.96Exit Long Short (Double Short) EURO ETF
    ENZN6.71Exit Long Enzon Pharmaceutical
    EUO22.05Exit Long Short Euro ETF
    LLL70.39Exit Long L3 Communications
    MA426.03Exit Long MASTERCARD
    TEVA41.15Exit Long Teva Pharmaceutical Daily
    ^DJT5,063.55Enter Long Dow Jones Transport Index
    EURBRL=X2.479Enter Long Euro/Brazilian Real
    EURINR=X67.946Enter Long Euro/Indian Rupee
    GNK3.5Enter Long Genco Shipping Corp
    LNKD104.92Enter Long Linked In
    RENN3.99Enter Long RenRen (China)
    WPRT36.81Enter Long Westport Innovations
    CAAS3.88 Enter ShortChinese Auto Daily
    MWW6.66 Enter ShortMonster Worldwide
    EXM0.48 Enter LongExcel Maritime Carriers
    AFG37.56 Exit LongAmerican Financial Group
    AP4.SI0.43 Exit LongRIVERSTONE HOLDINGS
    FMCC0.287 Exit LongFreddie Mac Daily
    COW27.93Enter Short Livestock ETF
    BWLD72.44Exit Short Buffalo Wings
    CPA76.66Exit Short Copa Holdings SA-A
    CPF12.98Exit Short Central Pacific Financial Corp
    DWSN21.23Exit Short Dawson Geophysical
    SSL43.17Exit Short Sassol Ltd S Africa
    USDGBP=X0.637Exit Short US Dollar/British Pound
    XIDE2.92Exit Short Exide Technologies
         
    * See chart    
         
    TRADING SYSTEM   
    T11D Sunmarry 10/Zero   
    (Intermediate-Term)   
         
    SYMBOLCLOSETodayYesterdayCompany
         
         
    ARO13.1Enter Short Aeropostale Daily
    AVEO8.66Enter Short AVEO Pharmaceuticals
    BBY19.21 Enter LongBest Buy Daily
    BCRX4.02Enter Short BioCryst Pharmaceuticals
    CBI37.21Enter Short Chicago Bridge and iron
    CNTF1.1Enter Long China Tech-Faith Wireless
    CPHD37.83 Enter LongCepheid
    DANG5.38 Enter LongDangdang E-Commerce China
    EA13.08 Enter LongElectronics Arts Daily
    EXM0.48 Enter LongExcel Maritime Carriers
    FSLR21.43 Enter LongFIRST SOLAR
    FST7.62 Enter LongFOREST OIL
    LULU58.72Enter Short Lululemon
    MDRX11.46 Enter LongALLSCRIPTS HEALTH SOLUTIONS
    NILE33.01 Enter LongBlue Nile
    NOG16.78 Enter LongNorthern Oil and Gas
    NSM25.63Enter Long Nationstar Mortgage
    NVMI7.91Enter Short Nova Measuring Instruments
    RRGB31.26 Enter LongRed Robin Gourmet Burgers
    SCHN32.41 Enter LongSchnitzer Steel Indust
         
    * See chart    
         
    TRADING SYSTEM   
    T11D Sunmarry TRADE   
    (Intermediate-Term)   
         
    SYMBOLCLOSETodayYesterdayCompany
         
    AVEO8.66Enter Short AVEO Pharmaceuticals
    FST7.62 Enter LongFOREST OIL
    LULU58.72Enter Short Lululemon
    NILE33.01 Enter LongBlue Nile
         
    * See chart    
    ***********************************************
    PORTFOLIO SUMMARY (UPDATED WEEKLY) 
         
    TRADING SYSTEM ChartMeter  
    (Intermediate-Term)   
    ProfitActive% Gain  
     Trades   
         
    $30,748.002810.98%  
         
    TRADING SYSTEM T11D Sunmarry Cross 2ab 
    (Short-to-Intermediate-Term)  
    ProfitActive%  
     TradesGain  
         
    $21,775.00474.63%  
         
    TRADING SYSTEM M2F ALT  
    (Short-Term)   
    ProfitActive% Gain  
     Trades   
         
    $6,570.001110.59%  
         
    TRADING SYSTEM T11D Sunmarry 10/Zero 
    (Intermediate-Term)   
    ProfitActive% Gain  
     Trades   
         
    $39,330.001093.61%  
         
    TRADING SYSTEM T11D Sunmarry TRADE 
    (Intermediate-Term)   
    ProfitActive% Gain  
     Trades   
         
    $52,287.001829.05%  
         
         
    Portfolio gains based on $10,000 investment per trade.
         

    Michael J. Clark, Hanoi, Vietnam

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