JES Doji and Spinning Top Indecision Candlesticks Formation

Last 2 candlesticks formation doji followed by spinning top shows market indecision. Price hesitating after reaching 23.6% Fibonacci retracement at 48 cents and trading volume on Friday declined. Monitor support at 38 cents and 20 day EMA resistance.




Selling by BB in late afternoon resulted in price movement being capped. Need more BB buying support on Monday to move price above 48.5 cents immediate resistance.

Baltic Dry Index

Baltic Dry isn't a Latvian deodorant or an Estonian cocktail. Rather, it's a number issued daily by the London-based Baltic Exchange, which traces its roots to the Virginia and Baltick coffeehouse in London's financial district in 1744.

Every working day, the Baltic canvasses brokers around the world and asks how much it would cost to book various cargoes of raw materials on various routes—150,000 tons of iron ore going from Australia to China or 150,000 tons of coal from South Africa to Taiwan. Brokers are also asked to consider variables such as the type and speed of the ship and the length of the voyage.

The answers are melded into the BDI, which appears in shipping publications such as Lloyd's List and on the screens of information vendors such as Reuters and Bloomberg. Because it provides "an assessment of the price of moving the major raw materials by sea," as the Baltic puts it, it provides both a rare window into the highly opaque and diffuse shipping market and an accurate barometer of the volume of global trade.

The BDI is a good leading indicator for economic growth and production. After all, it doesn't deal with container ships carrying finished goods. It deals with the precursors to production: bulk carriers carrying building materials, cement, grain, coal, and iron. Unlike stock and bond markets, the BDI "is totally devoid of speculative content," says Howard Simons, an economist and columnist at TheStreet.com. People don't book freighters unless they have cargo to move.
Because the supply of cargo ships is generally both tight and inelastic—it takes two years to build a new ship, and ships are too expensive to take out of circulation the way airlines park unneeded jets in the Arizona desert—marginal increases in demand can push the index higher quickly. And significant increases in demand can push the index sharply higher. That's precisely what happened earlier this fall. As this chart shows, the Baltic Index doubled in September and October—an unprecedented jump.

Does this chart represent a Nasdaq-style bubble or a demand-led structural change? The summer did see a pick-up in coal and grain shipments to Europe, due to the heat wave, and China's humming steel factories are consuming massive quantities of iron ore. Those could be blips. "But it's not just iron ore and coal," says Michael McClure, vice president of Navios, a ship broker. "The strength can be seen among all the major commodities that ocean freight is carrying."

The real force behind the BDI's rise may be China. "To put it in extremely simplistic terms, China is importing huge amounts of raw materials and exporting manufactured goods, and that's drawing ships into the Pacific," says Jim Buckley, chief executive of the Baltic Exchange. The Wall Street Journal led today's "Money and Investing" section with an article on China's insatiable demand for raw materials. The Baltic index divined this trend several weeks ago.
As they say on CNBC, what does this mean for you? In this article from late last year, Howard Simons charted the index against the Dow Jones World Equity Stock Market Index and U.S. Treasury 10-year notes. His conclusion: "It's a very good leading indicator." Movements in the Baltic Index tend to precede movements in global stock markets. But the index also tends to presage higher interest rates. When more stuff is being shipped around the world, it needs to be financed. And that creates a greater demand for credit.

So the shipping news—at least as measured by the BDI—is largely good. Even better, it may be a sign that China's trade deficit may be declining. The downside: China isn't sucking up raw materials in vast quantities from the United States. (We export grains and soybeans to China, but not coal or iron ore.)

http://www.slate.com/id/2090303/

Yangzijiang BB vs Falling Baltic Dry Index and Weaker Dow Jones Industrial Index Closing

Price has been rallying since its rebound from $1.16 the 261.8% Fibonacci extended projection. Next immediate resistance zone is $1.50 the 161.8% Fibonacci extended projection to $1.55 the previous price peak. Monitor 20 day EMA resistance line. Monitor gap support at $1.30.

Strong afternoon buying by BB pushing price higher.



Will the BB continue to support and push price higher with falling Baltic Dry Index and Dow Jones Industrial Index weaker closing on Friday? Trade with care.

Tiny Pumps for Diagnostic Chips

A new way to move fluids around on a "lab on a chip" could make sophisticated portable blood tests more practical.

The potential of "lab on a chip" technology is immense: it could yield fast, cheap, and portable devices to test soldiers for biological or chemical poisoning within minutes, or a handheld device that takes a drop of blood and scans it for diseases such as HIV. But one problem in developing these microfluidic devices is how to precisely pump fluids through a chip without using a significant amount of power. As a result, existing labs on a chip are weighed down by large, bench-top power sources.

Now Martin Bazant, a professor of applied mathematics at MIT, and his colleagues at MIT's Institute for Soldier Nanotechnologies have designed a tiny, battery-powered pumping system for existing microchips that the researchers hope to build into a handheld diagnostic device. "In terms of the platform for labs on chips," says Bazant, "we can integrate the power source right into the chip and miniaturize it, and I think that's a major advantage."

An average lab on a chip can theoretically perform hundreds of different tests on a single drop of blood. A pumping system directs fluids, such as blood, through a complex system of microchannels, each no wider than a hair, pumping blood to this chamber or that. Once in the chamber, the fluid can be analyzed by different sensors, depending on the kind of test that needs to be done. But fluids at such a microscale act very differently from those on an everyday macroscale. For example, it takes a much stronger force to push a drop of blood through a tiny channel than it does to move, say, a liter of blood through a column. So, Bazant and others are exploring electro-osmosis--that is, creating an electric field along a chip via electrodes to move a fluid from one end to the other.

Most labs on a chip are made of glass or silicon, and micro- or nanosize channels can now easily be etched in, and then plated with a second layer of the material to create a complex system of canals. Still, to electrically pump fluids through this canal system requires a tremendous amount of power. Many researchers have explored the phenomenon of capillary electro-osmosis, using large DC electric fields of up to 1000 volts to power electrodes on either end of a chip. In this way, labs on a chip are able to, for example, analyze DNA from blood samples, but are often tethered to a large power source. "The system requires all this extra stuff," says Bazant. "And you're manipulating things on a small scale by using a large-scale device."

http://www.technologyreview.com/Nanotech/17662/