BB - BBRY - looks likes some resolution

Well, that was fast...I was looking for some idea as to which way Blackberry would break last week, looks like the bulls have it. If we see $18 broken then it could move well into the $20 range. I will look at it for a shorter-term trade tomorrow morning in the portfolio account I started.

I don't miss calling it Research in Motion at all, they sure did get that corporate name change right!

DDD - Let's print a Yoda head for my desk!

3D printing does have a lot of buzz about it the last year or two. It is a blockbuster technology with potentially huge ramifications, but it is still in the early years. No one I know who does not regularly follow the markets has ever mentioned 3D printing. It still looks like it is being  used to produce artsy knick-knacks and specialty parts for the general public.

The daily chart shows a significant correction, but now the stock price looks to be on the move once again, with good support at $28. RSI and MACD are turning up, might go on another little run here.

The weekly chart is showing a nice longer updwards trend, followers of Elliot wave may notice that the 5fifth wave does appear to be under wave, so be cautious, ride the 5th wave for the short term, but be prepared to drop out if the wave collapses into the first down wave.

Ok, so time to put all this to the test, I am using a practice account set-up with real-time access, I start with $100,000 CAD, I bought 300 DDD today during market hours at $35.50...let's see how it does. this is the first position in the portfolio.

BBRY - I Love It, I Hate It...

Blackberry, will it or won't it do well? Whew, the opinions are flying around faster than Donald Trump's hair in a Scottish gale. There are many strong opinions on both sides of the argument, you either love it or hate it, not much in the way of neutral ground. The charts speaks to those polar views, the stock has been locked in a battle between $10 and $18, but the channel in narrowing. I don't think it is worth owning now, wait until the triangle pattern has been resolved either to the upside or downside, once the direction has been resolved the move will be powerful. 

Is the smartphone market over in terms of massive gains? I have the feeling that the advancements in this market will be incremental and no longer explosive. I'm waiting for that skookum watch that will be my computer, communicator and fashion accessory... will Timex and Bulova be going the way of Kodak?

KO - Looking and Tasting Pretty Sweet

The weekly chart for Coke is looking sweet, it is hard to argue against this steady rally. Coke does tend to level off mid year, but this is an easy holding for portfolios. Buy on the dips and keep accumulating, the US market is strong.....but watch the volumes, there is strong potential for the overall market to soften.

SLV - the Poor Pirates Gold

Well maties, there was good support at $25, but the weekly chart shows that the resistance has been decidedly broken. Yo ho yo ho, look for $17.50 down below! Those poor pirates need to dig up their coins and bring them into port to buy some kegs of rum!

GLD - I loves countin' all my gold...

Gold, gold, gold all I am hearing about is gold! The pirates loves their gold, but the luster is not as shinny anymore. The weekly chart clearly shows that the trend is broken and has been for over a year. The large volume sell-off last week it another good indication that a priates booty may not be as valuable in the coming months as it once was. Watch for a seasonal bounce in the late summer early fall.