This Market Can Really Take Off

China Mobile
(
CHL |
Quote |
Chart |
News |
PowerRating) 22.48

CHL has been on the focus list for quite some time. It is trading too well. It
ought to come in a tad, and if that happens then it will be quite attractive.
The stock is currently extended. Don’t chase it. I am involved and have been for
quite a time. The stock has rocketed up to levels not seen in many years. It is
a leader, up 31% this year and 63% in the last 52 weeks. It trades near 52-week
highs. The 52-week high made on August 10th is 23.35. It came in a tad after
leaping strongly to that point the other day. The move came in heavy trade. If
the stock comes in under 22 then start buying. It is at that time that I intend
to add to the position I carry. Place the stop at 18.99.

Eden Energy
(
EDNE |
Quote |
Chart |
News |
PowerRating) 5.70

I like the action that is happening in the trade of this instrument. It trades
stunningly right now. That is a far cry from the boring action displayed for a
long time. It broke out at the end of July after climbing beyond the top of its
base. Eden Energy explores for natural gas and oil in Nevada. Say no more. The
stock is interesting right now. The odds to gain owning shares of EDNE are
favorable. The risk is higher than prior to the break, but at that time money in
it was nothing more than dead. Now the stock is alive and full of bullish
energy. It came in, so the chance at it is at hand. I am buying down to 4.25.
Place the stop at 3.99.

Cigna Corp
(
C |
Quote |
Chart |
News |
PowerRating)) 113.42

Here is a leader. It is clear that this stock leads the market. The group is not
at all shabby. CI is up over 39% this year and 80% in the last 52 weeks. Quite
the advance. Don’t you think that this stock is a clear winner after examining
the chart and gazing at it few a few short minutes? That stare, the one good
hard focus at the price pattern ought to give you the confidence to get involved
in this little gem. I am. I am not involved to the degree that I would want to
so I am looking to get more shares. I want to carry a larger load of CI. The
pick up point is here down to 111. And hard going topside 117.35. Place the stop
at 106.99

iShares MSCI Japan Index Fund
(
EWJ |
Quote |
Chart |
News |
PowerRating) 10.95

Japan is very good right now. Getting involved in Japan through the EWJ is a
good way to employ money that has the potential to grow. The market is telling
the tale of a serious advance taking shape. The NIKKEI 225 is attempting to
mount a serious advance as it rose above the top of its long-term base the other
day. EWJ is flat for the year and is on the threshold of a serious advance. How
it behaves in the next week or two will tell the tale. If EWJ has the muster to
climb above 11.20 on a closing basis then odds improve. The chance to
significantly higher price points is brought closer to reality. Take a look at
the pace of trade in Japan and come to the same conclusion I draw and that is
bullish. Place the stop at 9.99.

Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating) 17.80

This stock trades like the meat I feed my dogs. It trades like dog meat. I am
embarrassed to say that I still own this loser. I thought it might have a shot
at breaking through the 22 zones and it just flat out failed and that level
remains a real stumbling block for this big oil tanker. It’s hard to get a head
of steam out of it. The momentum has dried up and is clearly in distribution.
The stock is dead money with limited upside potential. I speak strictly
technically. The language reflects a stock that has broken down. The image you
see when you stare at a daily chart tells you with no illusion that the stage of
trade for CSCO is a decline. The stock is a good short right now and should be
sold. Sell into strength. Use key inflection points to guide the way. A point
higher would be a good place to begin the process of selling short.