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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
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Clark's Gate Timing System ©
  • 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 for Trades for  
        MONDAY FRIDAY  
        13-Aug 10-Aug  
             
    SEE PORFOLIO SUMMARIES BELOW    
             
    TRADING SYSTEM      
    ChartMeter 3      
    (Intermediate-Term)      
             
    SYMBOL CLOSE Today Yesterday Company
             
    GNW 4.84   Exit Short Genworth Financial
    GRPN 7.44 Exit Short   Groupon INc
    HLCS 0.065   Enter Long Helicos Biosciences
    ICN 20.43   Exit Short Indian Ruppee ETF
    NG 4.29   Exit Short NovaGold
    WPRT 36.81 Enter Long   Westport Innovations
             
    * See chart        
             
             
    TRADING SYSTEM      
    T11D Sunmarry Cross 2ab    
    (Short-to-Intermediate-Term)    
             
    SYMBOL CLOSE Today Yesterday Company
             
    AOBI 0.4 Enter Long   American Oriental Bioengineering
    CYTX 2.66 Enter Long   Cytori Therapeutics
    HOV 2.55   Enter Long Hovnanian Daily
    IGOI 0.47 Enter Short   I Go INC
             
    TRADING SYSTEM      
    M2F ALT        
    (Short-Term)      
             
    SYMBOL CLOSE Today Yesterday Company
             
    AUDNZD=X 1.3 Exit Long   Australian Dollar/New Zealand Dollar
    DRR 49.96 Exit Long   Short (Double Short) EURO ETF
    ENZN 6.71 Exit Long   Enzon Pharmaceutical
    EUO 22.05 Exit Long   Short Euro ETF
    LLL 70.39 Exit Long   L3 Communications
    MA 426.03 Exit Long   MASTERCARD
    TEVA 41.15 Exit Long   Teva Pharmaceutical Daily
    ^DJT 5,063.55 Enter Long   Dow Jones Transport Index
    EURBRL=X 2.479 Enter Long   Euro/Brazilian Real
    EURINR=X 67.946 Enter Long   Euro/Indian Rupee
    GNK 3.5 Enter Long   Genco Shipping Corp
    LNKD 104.92 Enter Long   Linked In
    RENN 3.99 Enter Long   RenRen (China)
    WPRT 36.81 Enter Long   Westport Innovations
    CAAS 3.88   Enter Short Chinese Auto Daily
    MWW 6.66   Enter Short Monster Worldwide
    EXM 0.48   Enter Long Excel Maritime Carriers
    AFG 37.56   Exit Long American Financial Group
    AP4.SI 0.43   Exit Long RIVERSTONE HOLDINGS
    FMCC 0.287   Exit Long Freddie Mac Daily
    COW 27.93 Enter Short   Livestock ETF
    BWLD 72.44 Exit Short   Buffalo Wings
    CPA 76.66 Exit Short   Copa Holdings SA-A
    CPF 12.98 Exit Short   Central Pacific Financial Corp
    DWSN 21.23 Exit Short   Dawson Geophysical
    SSL 43.17 Exit Short   Sassol Ltd S Africa
    USDGBP=X 0.637 Exit Short   US Dollar/British Pound
    XIDE 2.92 Exit Short   Exide Technologies
             
    * See chart        
             
    TRADING SYSTEM      
    T11D Sunmarry 10/Zero      
    (Intermediate-Term)      
             
    SYMBOL CLOSE Today Yesterday Company
             
             
    ARO 13.1 Enter Short   Aeropostale Daily
    AVEO 8.66 Enter Short   AVEO Pharmaceuticals
    BBY 19.21   Enter Long Best Buy Daily
    BCRX 4.02 Enter Short   BioCryst Pharmaceuticals
    CBI 37.21 Enter Short   Chicago Bridge and iron
    CNTF 1.1 Enter Long   China Tech-Faith Wireless
    CPHD 37.83   Enter Long Cepheid
    DANG 5.38   Enter Long Dangdang E-Commerce China
    EA 13.08   Enter Long Electronics Arts Daily
    EXM 0.48   Enter Long Excel Maritime Carriers
    FSLR 21.43   Enter Long FIRST SOLAR
    FST 7.62   Enter Long FOREST OIL
    LULU 58.72 Enter Short   Lululemon
    MDRX 11.46   Enter Long ALLSCRIPTS HEALTH SOLUTIONS
    NILE 33.01   Enter Long Blue Nile
    NOG 16.78   Enter Long Northern Oil and Gas
    NSM 25.63 Enter Long   Nationstar Mortgage
    NVMI 7.91 Enter Short   Nova Measuring Instruments
    RRGB 31.26   Enter Long Red Robin Gourmet Burgers
    SCHN 32.41   Enter Long Schnitzer Steel Indust
             
    * See chart        
             
    TRADING SYSTEM      
    T11D Sunmarry TRADE      
    (Intermediate-Term)      
             
    SYMBOL CLOSE Today Yesterday Company
             
    AVEO 8.66 Enter Short   AVEO Pharmaceuticals
    FST 7.62   Enter Long FOREST OIL
    LULU 58.72 Enter Short   Lululemon
    NILE 33.01   Enter Long Blue Nile
             
    * See chart        
    ***********************************************
    PORTFOLIO SUMMARY (UPDATED WEEKLY)  
             
    TRADING SYSTEM ChartMeter    
    (Intermediate-Term)      
    Profit Active % Gain    
      Trades      
             
    $30,748.00 28 10.98%    
             
    TRADING SYSTEM T11D Sunmarry Cross 2ab  
    (Short-to-Intermediate-Term)    
    Profit Active %    
      Trades Gain    
             
    $21,775.00 47 4.63%    
             
    TRADING SYSTEM M2F ALT    
    (Short-Term)      
    Profit Active % Gain    
      Trades      
             
    $6,570.00 111 0.59%    
             
    TRADING SYSTEM T11D Sunmarry 10/Zero  
    (Intermediate-Term)      
    Profit Active % Gain    
      Trades      
             
    $39,330.00 109 3.61%    
             
    TRADING SYSTEM T11D Sunmarry TRADE  
    (Intermediate-Term)      
    Profit Active % Gain    
      Trades      
             
    $52,287.00 18 29.05%    
             
             
    Portfolio gains based on $10,000 investment per trade.
             

    Michael J. Clark, Hanoi, Vietnam

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