AU, CHINA, GERMANY, INDONESIA, PSEI, SPX, HK after

Market snapshots after Argentina defaults on its debts

* Asia Markets not yet live as of this moment

Germany, France, SPX, PSE, Asia, China, US Rate, repost from COL Financial 7-31-2014

Charts from COL Financial H2 2014 report that I usually monitor and tackle in my blog that I want to share:

Bought Gold today around 1300 USD / oz 7-30-2014

Bought Gold today around 1300 USD/oz with the following reasons:

1. Gold is in short term uprend and possible forming a base to complete a b c pattern to finish Major B (Bear Market Rally).

2. Gold is still 46% down from its 2011 top, and this Bear Market rally has just rallied 10% from the lows, if 38.2% retracement is to take place, we have around 10-20% more room to rally.

3. This is a short term play.

*Chart by T. Caldaro - for reference only

REPOST: Microsoft plans to slash 18,000 jobs

Microsoft plans to slash 18,000 jobs

CNBC With Reuters

CNBC.com

This is a breaking news story. Please check back for updates.
 
In a Thursday morning letter to his employees, Microsoft CEO Satya Nadella announced that the company would be cutting 18,000 jobs in the next year.

"We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months," Nadella wrote. "It's important to note that while we are eliminating roles in some areas, we are adding roles in certain other strategic areas."

Microsoft had 127,000 employees as of June 5, which would mean the company will see a headcount reduction of over 14 percent.

On Wednesday, a Finnish daily, quoting anonymous sources, reported that Microsoft is planning to cut 1,000 jobs in Finland from its mobile phone unit.



Some 25,000 Nokia workers moved this spring to Microsoft with the cellphone unit acquisition, 4,700 of them in Finland. Globally, Microsoft's headcount far exceeds rivals Apple and Google.
Read More Microsoft to announce job cuts this week: Report

Wall Street had been expecting Chief Executive Satya Nadella to make some cuts. News agency Bloomberg said on Monday that total job cuts could be the biggest in Microsoft history, topping the 5,800 jobs lost in 2009.

http://www.cnbc.com/id/101841913

NASDAQ, Germany, London and France indices snapshots 7-9-2014

All charts came from COL Financial PH.

PSEi now above 6900

PSEi broke out of 6900 resistance and is now in the area of uncertainty, uncertain as there is no clear resistance where PSEi is going to hit next. It is bullish but must be very cautious.

The resistance area is very broad at around 7000-7400. An estimate of 7100-7180 is placed for the uptrend(in blue) resistance, then 7400 could be next in line.

I believe 7200-7400 is an area to look into as well, as most of the people got stuck here during the 2013 super rally.

NO RECOMMENDATION could be given at this moment in time due to ff reasons:
1. PSEi near all time highs have higher risk. Although can safely have a target of 7000-7400 based on technical breakout, we say it is a RISK ON.
2. US index now at all time high and projection targets are near, suggesting quick pullbacks could happen anytime soon.

Maintaining 75% cash

All index(DOW, SPX, NASDAQ) touches new all time high 7-2-2014

All US index(DOW, SPX, NASDAQ) touches new all time high.

DOW almost hit 17000 level with the high of the day around 16998.70, just 1.30 points off. SPX and NASDAQ also managed to get high above their all time high.

All index currently is now applicable to end their minor wave 5(int iii), then int iv of around 5-8% before another set of new highs to end int wave v(Primary Wave III), so let us see if up to where we can go, here are some meaningful retracement targets for minor wave 5.

SPX:

1990 - Minor Wave 5 = 0.618 Minor Wave 1
2010 - Minor Wave 5 = Minor Wave 1 or 0.618 of Minor Wave 3