wealth skill’s club today’s discussion: market overview: global, local and sector market...

WEALTH SKILL’S CLUBWEALTH SKILL’S CLUB

TODAY’S DISCUSSION:TODAY’S DISCUSSION:

MARKET OVERVIEW: GLOBAL, LOCAL AND MARKET OVERVIEW: GLOBAL, LOCAL AND SECTORSECTOR

PRICE RELATIVE SECTORS TO FOCUS ONPRICE RELATIVE SECTORS TO FOCUS ON VIEWS ON COMMODITIES: GOLD, OIL AND VIEWS ON COMMODITIES: GOLD, OIL AND

PLATINUMPLATINUM TOP DOWN APPROACHTOP DOWN APPROACH

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S&P 500 MT

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S&P 500 ST

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S&P 500 ST

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DJ

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30yr Daily

30 YEAR TBOND

All SHARE

SHANGHAI LT

3-day chart

SHANGHAI

DAX

RESI Long term

RESI

FINDI

FINI

INDI

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PLAT

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Plat Price

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GOLD

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Gold Price

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GND

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OIL

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Daily PR: OIL – 50|89ema support

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Daily PR: PHARM – wave 2 @ 38%

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Daily PR: GENI- testing R1 againwith 3EMA type x over

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Daily PR: ELEE - @ support with major sideways channel positioning for accumulation?

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Daily PR: INDE – sideways & caution

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Daily PR: INDT trend reversal breakout

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Daily PR: RESI –reached our 127% Fib in wave 5 with a reversal pending @ 50|89ema

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Daily PR: BASM – retest of

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Daily PR: IINDI – 3EMA break out

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Daily PR: FOOR 3EMA breakout following higher low & break of 50|89ema

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Daily PR: CONG – 3EMA @ resistance; Make a higher low

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Daily PR: CONS – 3EMA @ resistance

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Daily PR: TELE – Watch support at 70500Out performing market

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Daily PR: TRAV – Testing 89ema; broke trend line

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Daily PR: MTEL – out performing, support @89ema; broke wave 5 high, new support

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Daily PR: GERE – Wave 3 potential breakout, following 3EMA

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Daily PR: HEAL wave 5 count

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Daily PR: BANKS sideways

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Daily PR: INDI - MACD x up, break of 89ema followed by 3EMA to 161% @ 29300

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Daily PR: MINI – Under performing;To test resistance now

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Daily PR: HOUS - resistance

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Daily PR: FORE - watch

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Daily PR: INDM - higher low, reversal

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Daily PR: AUTM - illiquid

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Daily PR: FOOD -broken Resistance

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Daily PR: GOLD – d-bottom target 2250; rebound

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Daily PR: CHES – break higher- illiquid

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Daily PR: PLAT – bearish @ old low

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Daily PR: GENF – watch potential 4EMA x up

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Long Term PR: OIL weak

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Long Term PR: PERG

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Long Term PR: HEES- Continuation

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Long term PR: PHARM support@ 50ema

Long Term PR: GENI/INDE

Long Term PR: INDE/INDT-@50ema

Long Term PR: SUPS- watch 89ema support, 3EMA?

Long Term PR: RESI with Morning Star; 89ema final support level. 50ema Resistance now

53755 with line R1 as well

Long Term PR: IIND watch

Long Term PR: CONG/FOOR

Long Term PR: TELE

Long Term PR: CONS

Long Term PR: /GERE

Long Term PR: NLIFE

Long Term PR: INDIFound support

Long Term PR: Mining – bounce to 50ema

Long Term PR: METL - below

Long Term PR: AUTM

Long Term PR: Food 3EMA @ resistance

EXECUTIVE SUMMARY HEAL & Pharm recovering Markets bounce from 200SMA and other supports FINDI out performing – not falling as much, sideways,

lagging RESI due to defensive status Major cycle reversal after wave 5 completion Watch Bond yields for higher lows Watch for retracements to support levels making higher

lows Major positive continuation patterns on weekly charts from

September 2010

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Watch List

July 2011 Pharm INDI GERE Truworths, Mr Price

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