Coeur d`Alene Mines Corporation (CDE)

CDE Daily Chart

CDE has broken out of its triangle formation. Bought 2009 Jul call.

Gulfmark Offshore Inc. (GLF)

GLF Weekly Chart

GLF has broken of rectangular formation. Bought 2009 Jul Call.

Sector Indexes

Gold has moved, energy is moving now. The next one, I think will be transport (i.e. shipping).

USA	Longterm	Midterm	Shorterm
S&P500	Down	Up	Up (+)
DJ Industrial	Down	Up (+)	Up (+)
DJ Transport	Down	Neutral	Up (+)
DJ Utility	Down	Neutral (+)	Up (+)
Nasdaq Comp	Down	Up	Up (+)
Russell 2000	Down	Up	Up (+)
AMEX Airline	Down	Down	Down (-)
AMEX Biotech	Down	Neutral (+)	Up (+)
AMEX Gold Bugs	Up (+)	Up	Up
AMEX Natural Gas	Down	Up	Up (+)
AMEX Oil	Down	Up (+)	Up (+)
AMEX Security Broker	Down	Up	Up
AMEX Telco	Up (+)	Up	Up (+)
KBW Bank	Down	Up (+)	Up (+)
KBW Insurance	Down	Up	Up
PHLX Housing	Down	Neutral	Neutral
PHLX Semiconductor	Up (+)	Up	Up
S&P Retail	Up	Up	Neutral

Solarfun Power Holdings Co. Ltd. (SOLF)

SOLF Weekly Chart

SOLF has broken its downtrend line. Moving up nicely. Bought 2009 Sept call.

DryShips, Inc. (DRYS)

DRYS Daily Chart

DRYS is at lower end of channel. May hit the upper end at 10.00. Almost giving a daily buy signal. Bought 2009 Jul call.

Commodities

If USD goes down, commodity price will go up. If demands pick up, commodities will go up some more. There are many ETF or ETN in US for you to invest in commodities.

You can read more about the performance of commodities in the following links:

1. 2009 Commodity Fund Performance - Part I
2. 2009 Commodity Fund Performance - Part II
3. 2009 Commodity Fund Performance - Part III

United States Natural Gas (UNG)

UNG Weekly Chart

Bottom fishing UNG. Crude oil has rally, but not natural gas. Speculating that it will follow soon. 

Oil Shock

Natural Gas Monthly Chart

Crude Oil Monthly Chart

A McKinsey report says that an oil shock is inevitable. How can you profit from this if it happens?

One way is to buy crude oil ETF/ETN or to invest in companies in the industry. Another is to buy natural gas because it is another energy source.

You can buy natural gas ETF through UNG. Look at the charts for crude oil and natural gas. You can see that natural gas price continues to stay low while crude oil has rallied almost 70% from its low. For those that like bottom fishing, I think that UNG is a good investment. The price should turn up when the emerging markets can grow their economy without relying on the Western countries consumption.

AVI Biopharma, Inc. (AVII)

AVII Weekly Chart

Bought AVII for my swine flu play. It has broken the downtrend line.

PowerShares DB Gold Double Long ETN (DGP)

DGP Weekly Chart

Gold has broken the falling flag pattern twice. Good chance to challenge 1000 again. This time it may break. Bought DGP.

Gold Bugs

People say gold is a good hedge against inflation. For me, gold is just another commodity that is subjected to speculation. It is no different to crude oil, silver or wheat.

The current theme play in the world market is against the USD. As the government prints more money to rescue their banking system, demand vs supply law says that the USD value will drop. The last time USD drop, every commodity that can be traded rose. The chart evidence shows that USD is dropping again. Well, you all know that the crude oil is now above USD60.00.

So, if you like to play gold, I think that the odds favors it to go to USD1,000.00 again. Gold has tried twice to break above USD1,000.00 but not successful (see the attached 30-year gold chart). If it is not successful this 3rd time, gold may drop to USD700.00 again.

If you want to invest in gold, you can do through the following ETF in the US: IAU(USD92.29) and GLD(USD92.25).

For me, I will buy the ETN: DGP(USD20.41). DGP is designed to return 2x the performance (up or down) of gold. Remember,ETN is like ETF but more risky. Stop loss for DGP is USD17.50.

Passing the baton to emerging markets

Marc Faber says that the economic leadership is now in the process of being passed to the emerging markets. That is why we have so much distruption in the market. Read the story here.

iShares Silver Trust (SLV)

SLV Weekly Chart

SLV has broken from a descending flag. Should challenge the downtrend line soon. I'm long SLV.

Direxion Daily Financial Bull 3X Shares (FAS)

FAS Weekly Chart

FAS is trading within a channel. RSI and Stochastic shows that it got potential to go higher. Daily chart gave me a buy signal. I'm long FAS. 

Supercharged ETFs

How much risk are you willing to take?

Do you know that there is a group of ETFs that is designed to return you 3x than the normal underlying stocks? This means that for a 1% increase in the underlying stock, your ETF will rise 3%. The reverse will also be true. So, 3X ETF is not for the faint heart. But if you can time properly your entry, you will surely be rewarded.

You can search finance.yahoo.com for the ETFs that I'm talking about:

TYO	Direxion Daily 10 Yr Trsy Bear 3X Shares	66.42	ETF		PCX
TYD	Direxion Daily 10 Yr Trsy Bull 3X Shares	54.09	ETF		PCX
TMV	Direxion Daily 30 Yr Trsy Bear 3X Shares	76.55	ETF		PCX
TMF	Direxion Daily 30 Yr Trsy Bull 3X Shares	45.40	ETF		PCX
DPK	Direxion Daily Devlpd Mrkts Bear 3X Shrs	36.68	ETF		PCX
DZK	Direxion Daily Devlpd Mrkts Bull 3X Shrs	48.08	ETF		PCX
EDZ	Direxion Daily Emrg Mrkts Bear 3X Shares	16.20	ETF		PCX
EDC	Direxion Daily Emrg Mrkts Bull 3X Shares	78.54	ETF		PCX
ERY	Direxion Daily Energy Bear 3X Shares	22.25	ETF		PCX
ERX	Direxion Daily Energy Bull 3X Shares	32.59	ETF		PCX
FAZ	Direxion Daily Financial Bear 3X Shares	4.82	ETF		PCX
FAS	Direxion Daily Financial Bull 3X Shares	10.31	ETF		PCX
BGZ	Direxion Daily Large Cap Bear 3X Shares	38.08	ETF		PCX
BGU	Direxion Daily Large Cap Bull 3X Shares	33.11	ETF		PCX
MWN	Direxion Daily Mid Cap Bear 3X Shares	33.53	ETF		PCX
TZA	Direxion Daily Small Cap Bear 3X Shares	26.80	ETF		PCX
TNA	Direxion Daily Small Cap Bull 3X Shares	25.99	ETF		PCX
TYP	Direxion Daily Technology Bear 3X Shares	27.57	ETF		PCX
TYH	Direxion Daily Technology Bull 3X Shares	73.24	ETF		PCX

You can see that you can take a bullish or bearish stand and the ETF will try to gives you a return of 3x.

Currently, I'm bullish. This rally is all about liquidity and hope. I'm stalking the following: FAS, TNA and TYH.

Weekly Analysis

Short squeeze over? Market still looks weak. The next move is to consolidate. This will take 1-2 weeks. Current charts do not indicate a possible panic move yet.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Up	Neutral (-)
DJI	Down	Neutral	Neutral (-)
Nasdaq Comp	Down	Up	Neutral (-)
Russell 2000	Down	Up	Neutral (-)
AMEX Airline	Down	Neutral	Neutral (-)
AMEX Biotech	Down	Down (-)	Down (-)
AMEX Natural Gas	Down	Up	Neutral (-)
AMEX Oil	Down	Neutral	Neutral (-)
AMEX Security Broker	Down	Up	Neutral (-)
AMEX Telco	Down (-)	Up	Neutral (-)
KBW Bank	Down	Neutral	Neutral (-)
KBW Insurance	Down	Up	Neutral (-)
PHLX Housing	Down	Up	Neutral
PHLX Semiconductor	Down	Up	Neutral (-)
S&P Retail	Up	Up	Neutral

Weekly Analysis

Biotech is giving me another buy signal. AMEX Oil is on near at the top consolidation range. Semiconductor was sold down.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Up (+)	Up
DJI	Down	Neutral	Up
Nasdaq Comp	Down	Up	Up
Russell 2000	Down	Up (+)	Up
AMEX Airline	Down	Neutral	Up (+)
AMEX Biotech	Down	Neutral (+)	Up
AMEX Natural Gas	Down	Up (+)	Up
AMEX Oil	Down	Neutral	Up
AMEX Security Broker	Down	Up	Up
AMEX Telco	Neutral (+)	Up	Up
KBW Bank	Down	Neutral	Up (+)
KBW Insurance	Down	Up (+)	Up
PHLX Housing	Down	Up	Neutral
PHLX Semiconductor	Down (-)	Up	Neutral (-)
S&P Retail	Up	Up	Neutral (-)

Gold and Silver

My analysis says that USD is going down. The last time USD goes down, commodity prices goes up. So, I hope that you have your foreign account readied.

I'm looking into gold and silver.

I think that most will prefer gold. However, silver has given me a buy signal. Currently silver is at USD13.00, I think that it can test USD15.00 soon. If you want to invest in silver, you can through SLV, AGQ and DBS. If silver drops under 11.77, then silver will not rally and you should cut loss.

For gold, it still didn't give me the buy signal yet. Keep an eye on GLD, IAU, DGP and DGL.

Disclosure: I have no position in gold or silver.

Occidental Petroleum Corporation (OXY)

OXY Weekly Chart

OXY has broken the downtrend line. Resistance: 64/80. Bought 2009 Jun Call.

Southern Copper Corp. (PCU)

PCU Weekly Chart

PCU should hit the downtrend line. Bought 2009 Sep Call.

Weekly Review

Mixed performance. Still no strong trend developing.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Neutral	Up
DJI	Down	Neutral	Up
Nasdaq Comp	Down	Up	Up
Russell 2000	Down	Neutral	Up
AMEX Airline	Down	Neutral	Neutral (-)
AMEX Biotech	Down	Down	Up (+)
AMEX Natural Gas	Down	Neutral	Up
AMEX Oil	Down	Neutral	Up (+)
AMEX Security Broker	Down	Up	Up
AMEX Telco	Down	Up	Up
KBW Bank	Down	Neutral	Neutral (-)
KBW Insurance	Down	Neutral	Up
PHLX Housing	Down	Up	Neutral (-)
PHLX Semiconductor	Neutral (+)	Up	Up
S&P Retail	Up (+)	Up	Up