Chief Operating Officer Tim Cook to become new CEO.

Technorati Tags: Apple, Steve jobs Resigns, Tim cook

One of the best leaders of our time and generation who changed the landscape of technology, and re-defined a part of everyones culture. A great thinker and visionary. Great run Steve, and I hope you get better.

Read full story Here

Technorati Tags: Apple, Steve jobs Resigns

Looks like the markets are temporarily bottoming out. I’m seeing a bullish pattern on the hourly charts in the form of the famous U-shape. Check out chart below. ($ES_F, $SPY).

Also, Gold ($GLD) and Silver ($SLV) seem to be topping out too. Gold is seeing a +3.7% drop as I type and Silver seeing over a 5% drop. I’ll wouldn’t want to buy on the dips in these conditions, as this might be the start of a pop in the Gold bubble. Yes, I said bubble as Gold has shifted into an parabolic state. And if Gold pops, Silver is definitely going to follow.

Friday is going to be a big day for the markets, going forward. GDP results are coming out at 8a est and The Fed chairman (The Bernank) is speaking at 10a est. I think the markets are already pricing these news in, and thus the reason for a potential temporary reversal in the S&P, Gold and Silver. If the news is favourable, then I think we might be seeing a massive run on the Metals….and that would get people hurt. Big Time.

Technorati Tags: 2011 Market Crash, Emini, Financial Markets, Gold Bubble, Silver

Tan Teng Boo, managing director of Capital Dynamics Asset Management, talks about the outlook for global stocks and his investment strategy.

Technorati Tags: Bearish Market Sentiments, Tan Teng Boo

It’s been an extremely volatile market the past couple of weeks, and it looks like it’s going to get a little bit worse. Below is a weekly and daily resistance/support analysis of the Emini. We are definitely in a bear market that could turn out to be like 2008. Every rally would be a “Dead cat bounce” and should be used to get into short positions (or exit long positions) rather than think it’s a bottom.

If Emini breaks below 1075 price level, then we might be seeing a drop to the 1021 area. IMO, I think we might see a slower grind rather than a huge +600 point drop.

Weekly Emini Chart

Daily Emini Chart

Remember to use good money management in these market conditions or else you could get wiped out.

Technorati Tags: 2011 stock market crash, Emini, Stock market crash, Weekly Market Review