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Volatile & high risk investment stock Jabil Circuit (JBL) is at an important support

30/10/2013

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Jabil Circuit Inc. - Daily Chart
As indicated in the weekly chart below Jabil Circuit (JBL) rallied from 2009 to 2012, however this rally was extremely volatile & showed large pullbacks sometimes even breaching major pivots to just turn back again. Overall the stock did gain over 600% but it was really an investors nightmare to remain in the stock. Now after a year long consolidation, the stock again began to move up & made it out of it's top resistance range, but again has started to see large dips recently.

The stock is an extremely volatile investment option & should only be held by investors that are open for large risks in their portfolio. But as risky stocks go it is a multi-bagger.

The stock was headed for a very strong resistance at 22.5 & has since failed to remain over it. It quickly lost base over 22.5 which goes to say that the stock is not a good investment hold as of now especially if it breaches any other lower support levels. Support levels are seen at 21.4, 20 & 19.5. The support level at 21.4 if broken will take the stock to much lower levels & will make it even tougher for it to move back up again.

Resistance is very strong at 22.5, moving over which is very critical & base formation patterns above this price level are necessary for the future of any rally in the stock. There is also another minor resistance at 23.5.

As of now the stock does not look like a good hold for investors unless it can make it above 22.5 & stay above it. The stock also in general is very volatile & risky in nature so best avoidable for the risk averse.
Jabil Circuit Inc. - Weekly Chart
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Crude Oil (NYMEX) at important support & looking bearish

24/10/2013

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Click to enlarge - Crude Oil NYMEX Daily Chart
Crude Oil NYMEX Daily Chart
Crude oil has largely remained sideways for the last three years since topping off in 2011. The commodity has since twice attempted to break towards the high of 2011 at $114 & failed. Both the attempts to reach 114 are market on the weekly chart. The first attempt, after the dip from the high of 2011, started off with a very weak base and found heavy resistance above 102 & immediately failed with an almost vertical decline to a low of $75. Since then Crude Oil has largely remained sideways until recently in 2013. The second attempt was definitely backed-up with a much larger base, of over a year, but quickly found resistance at the important level of 101. We did see a high of 110 but the breach of 101 showed that the commodity was weakening & called for an exit.

Now Crude Oil still looks to be weak & after failing to hold the important support at 101 it's heading towards some major support levels. Supports for crude lie at 97.75, 95.8, 90.8 & 87.5. From 97.75 to 95.8 is a very important support zone, the commodity will have to hold this zone strongly to continue the up move; else we might see it slip lower quickly. Below this there are some minor supports at 90.8 & 87.5 but breaching below the support zone from 97.75-95.8 will mean that the commodity will find it very difficult to move up-wards.

Resistance levels are at 102.3, 106.6 & 110.7. The price point at 102.3 is very critical for the health of the commodity, gaining this price level & remaining above this will be detrimental to the future of Crude Oil as of now. The commodity does not only have to move above 102.3 but will also have to form a base above this for a few months, then & only then will we see it move towards much higher levels. There is also a minor resistance above this at 106.6 & a larger resistance at 110.7.

As of now Crude Oil looks to be weak & is facing strong resistance at 102.3 & will remain so until it moves and remain above it. The weakening commodity is at it's critical support zone as of now & it will be interesting to watch its price action over the coming weeks.
Click to enlarge - Crude Oil NYMEX Weekly Chart
Crude Oil NYMEX Weekly Chart
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A re-entry opportunity in Apple Computers

16/9/2013

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A re-entry opportunity in Apple Computers
In this video I'm going to look at Apple Computers (AAPL). The last two times we looked at Apple Computers, the first time we had returns of around 300% & the second time more recently we had returns of over 60%. Now Apple Computers seems to be coming back into the game & we're going to talk about how you can enter this stock. There has been a recent drop of 10% in the price, which is actually good news because it might be a re-entry opportunity for investors who've missed out over the last 2 months when we had advised an entry in Apple. Do watch the entire video to find out how to re-enter in Apple Computers & also know the critical supports & resistances to keep track of.
http://www.youtube.com/watch?v=OjTwFcecnXo
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The probabilities of the Dow Jones (DJIA) topping off

9/9/2013

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In this video we are going to talk about the Dow Jones Industrial Average (DJIA) & look at the rally that has been happening since the last 12 months. We will also look at the high probabilities we're seeing that the DOW might top-off very soon & we'll also talk about the new support & resistance levels where this can be predicted.
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USD/EUR Currency Pair

8/8/2013

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USDEUR Forex Currency Pair
USD/EUR the currency pair has been in a very large sideways zone for the last 5 odd years, all bullish trends did not last over 6 months except for just one in 2012. Now the Forex pair has entered an even smaller compressed price zone since the last 8/10 months. We take a look at this in our new video in detail.

Subscribe to our YouTube channel - http://www.youtube.com/user/BlueMetalMoney
USD/EUR Currency Pair Video - http://www.youtube.com/watch?v=mamIGxO32d8
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Southwest Airlines (LUV) - NYSE

4/8/2013

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Southwest Airlines (LUV) has been on a very successful up move, since the beginning of December 2012, when we entered the stock at the break of 9.17. It has been one of the most consistent stocks in the American equity markets, so far giving returns of over 55% over the last 8 months. The stock is still looking very good, holding recent support levels very well.
Watch the video on Southwest Airlines at the link below to see the full detailed analysis on the stock & to know the present support & resistance levels.
Southwest Airlines (LUV) - NYSE - Video - http://www.youtube.com/watch?v=FM7Gre3et1o
Subscribe to our YouTube channel here - http://www.youtube.com/user/BlueMetalMoney
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Bank of America Corp (BAC) NYSE

3/8/2013

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Today's video is on Bank of America Corp. (BAC) listed on the NYSE. Over the last 3 years the stock was extremely lackluster but we had a buy call out on the stock in June 2012 which lasted until the beginning of this year i.e. January 2013. We have been out of the stock since & have not seen any buying potential on the stock yet.

Recently however the stock has show some upward movement of about 20%, so we take a look at the support & resistance levels & the future outlook of the stock in today's video.

Do watch the video for a detailed analysis on Bank of America (BAC).
For more videos do visit & subscribe to our YouTube channel here - 
http://www.youtube.com/user/BlueMetalMoney
Bank of America (BAC) Video -
http://www.youtube.com/watch?v=FQpqe8F0vw4
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Stocks Talk - JDS Uniphase (JDSU) - NASDAQ

29/7/2013

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I'm looking at JDS Uniphase (JDSU) listed in NASDAQ today. The stock signaled a bearing move in February 2013 and has since been in a downward trend. Recently the stock moved up a little, but this has not yet signaled anything new in the stock.
Do watch the video below to know more in detail. I've discussed the support and resistance levels in the video and they're also below for reference.
Supports - 15.27
Resistances - 14.44 & 13.66

You can visit our YouTube channel here - www.youtube.com/user/bluemetalmoney

Today's JDS Uniphase (JDSU) Video - http://www.youtube.com/watch?v=2B9nt2FRjgg
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Looking at Silver in US Dollars and Indian Rupees & Correlation

27/7/2013

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Here's my opinion on Silver in US Dollars looking at Silver Continuous on COMEX & also in Indian Rupees looking at Silver 1KG 1 Month contract on MCX. I'm also looking at these two example to illustrate how correlation does not work for trading or investment. Included below are the charts, and also the details of support and resistances as seen on both the Silver contracts. Also do watch the videos below, in both English & Hindi for a more in-depth look at Silver.
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Silver INR - Silver 1 KG 1 Month (MCX)
Supports - 39365, 34558
Resistances - zone from 44499 to 45683, 48498 & 51457
Silver USD - Silver Continuous (COMEX)
Supports - 18.665, 16.04
Resistances - 22.5, 26.43

Hindi Language Video

http://www.youtube.com/watch?v=6j2Cg1EC7lI

English Language Video

http://www.youtube.com/watch?v=vquHpS5j_ec
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EMC poised for a new up-move

29/6/2013

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The last trade in EMC in 2012 ended up with very little profit but technically ran only for a couple of months, now EMC is poised for another up-move in 2013.

EMC broke resistance at 24.55 signaling a buy in the stock with a stop loss of 21.45 & support at 23. Resistance for the stock is seen at 25.3 breaking which it should move to the next resistance at 27.6 which is an important area for the stock. If and when 27.6 is breached, significantly, we might see much higher levels on EMC.

Supports - 23, 21.45
Resistances - 25.3, 27.6

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