Here’s an excerpt of the final part of my new book, “Winning Psychology of Defensive Traders”, so that it gives you something to be motivated by while waiting for its release in January 2014 …
In closing, allow me to share some personal experiences that have seen me through the toughest times of my life and helped me to achieve every success I have today.
It’s called Passion.
When we’re passionate about what we do, we begin enjoying it and when we’re having fun doing what we love, we excel. Passion keeps us motivated and pushes us relentlessly to achieve that level of excellence in whatever we set our minds out to do.
However, passion alone is never going to be enough. The other ingredient for success is Belief.
If passion motivates us, then belief drives us. In believing in ourselves, we are more likely to achieve the goals we set and the dreams we visualise. It is this belief that makes our expectations of our dreams and goals realistic. It drives us to make those expectations real and then drives us beyond those targets.
True success never happens by accident and it is not an entitlement. It certainly is not exclusive if you believe it can happen to you and if you have the passion to earn it.
Plan your goals and make them realistic, measureable and specific. Your plan should have targets and deadlines. It should be based on things that you can do or are learning to do. The plan should not depend or rely on other people and must be something that you have total control over.
Once you’ve mapped out the plan to achieve your goals, begin visualising them by cutting out pictures or visual representations of those goals. Stick or paste them up in places where you frequently look such as your mirror, desktop, refrigerator, etc.
Now you have to make it work. By seeing your goals everyday, you are subconsciously opening up your mind to opportunities. By having planned your goals, you will be drawn to those opportunities to explore the possibilities. This sense of adventure is what will spur your enthusiasm and thus grow your passion. Believing that it ispossible to achieve that goal will motivate you to take more action and this will in turn will produce results.
The results may not be exactly what you expected but any result is an achievement in the right direction and it is a small measure of success. The result may sometimes be a failed attempt but failure is only complete when we give up. If we persist and continue to get results, then failure is nothing more than a learning lesson that makes us stronger and wiser. This makes any success thereafter all the more sweeter to savour.
And success breeds more success as each action produces a result.
“Success belongs to those who work at it the hardest and believe in it the longest.”
And it is this success that pushes us to achieve greater things not just for ourselves but for others. Any measure of success means nothing if you are the only one benefitting from it. Success is sweetest when you are doing what you love not just for your own personal gains but so that those you love also can share in the joy of your success.
“Immortatility is not about living forever, but what you have done so that you are never forgotten”
ITS FINISHED!! After a long hard fight to be satisfied, I am finally done with my next book, “Winning Psychology of Defensive Traders” (yes, I know … the title changed again) which is expected to be on the shelves before Chinese New Year. Right now, its in its final phase of design, illustration and layout and we should be running the printing presses by January. I am keeping my fingers crossed for that dateline.
Apart from being busy finishing off my book and my usual classes, not much else happened in November that’s worth writing about. So let’s get straight to …
Record highs. Not just on the indexes but also, as this report reveals, record breaking profits for a lot of stocks that have had their best year in history. This has also been the market’s best November since 2009 and its turning out to be the best year in history for the DOW and S&P500 with December yet to reveal itself.
Now that were at the top, we’re getting wary. Can this run continue? And for how long for how much more? Volumes are waning again as the market climbs higher and it won’t help as traders start taking their annual hiatus from the market in December which is known for having the lowest volumes of the year.
I’ll be watching for any correction from here because it is likely to form the right shoulder of a Head & Shoulders Pattern. Earnings haven’t been great and PE ratios across most stocks are over-valued. Macros, although improving, also haven’t been indicative nor in tandem of these historical high levels.
December is known to be a bullish month so the chances of this correction happening are slim. Then again, anything can happen at these highs. When the best three consecutive months (November, December and January) didn’t happen as in 2007 and 2008, very bad things can happen. Now that November has erased 30% of that likelihood, let’s be cautious and alert that December 2013 doesn’t betray us.
Remember that we didn’t sell off in May which usually translates to a weakness the following year. We also didn’t see any fear in October and that also means trouble in the following year. Now we wait for confirmation of Black Friday/Cyber Monday’s sales numbers. Anything less than last year’s number is going to spell doom for next year. And as I write this, Black Friday 2013 is not looking promising at all.
Let’s not forget also that 2014 is Obama’s second year (of his second term) and the second year of the U.S. Presidency is the most bearish of his four year term.
Not a lot to be bullish about but not enough to start being bearish either.
What a dilemma.
December 2013 has 20 full trading sessions, one half day session (24th) and one trading holiday (25th). December is the second of the market’s three best consecutive months between November and January and is the last trading month of quarter four and the year.
December is famous for its Santa Claus Rally which traditionally begins three days before Christmas and ends three days after the New Year. However, when we don’t get a Santa Claus Rally, it usually means that the following year is going to be weak or extremely volatile.
- The first trading day of December is usually bullish
- NASDAQ has been up 19 of the last 26 on the first day of December
- The first week of December tends to be unpredictable and volatile
- The second week of December is mildly bullish and uneventful
- Volumes traditionally begin to drop to year-lows in the second week
- Monday of December Expiration Week has been up on the S&P 9 of the last 13
- December Expiration Week has been up on the S&P 23 of the last 29
- December Expiration Friday has been up 22 of the last 31
- The week after Expiration Friday or Christmas Week is usually very bullish
- The day before Christmas has been up on the DOW for the last 5 out of 6 years (2012 was down)
- December ends poorly with the NASDAQ going down 11 of the last 13 (2012 was up huge)
- Oil bottoms in mid-December and reverses for a long
- Nat Gas is weak if the demand stays low especially if it doesn’t get too cold in December
- Gold and Silver tops out for a while in December and declines till mid-January
- Copper picks up around mid-December for a run into February
- Soya and Corn pick up after mid-December and makes a high by January
- Wheat weakens
- Cocoa tops out in the last week of December
- Coffee stays strong as winter consumption increases
- Sugar declines
Just like that it’s the end of 2013! And what a year it has been. I hope it was as profitable for you as it was for us and we look forward to bring you a host of reports for 2014 and do it all over again.
Till then, have a Happy Holidays, Merry Christmas, Trade Safe & Happy Hunting Always!
It has been a busy month but not much to write about. I am in the final stages of finishing up my fourth book which will be titled;
“Secret Psychology of Pattern Traders
The Success Secrets Of Trading For An Income”
I know, I know, its gimmicky but I had to consider the marketing standpoint of the book so that people make the association to my first book. We will be bringing back that character, Prof Con, from the first book to entertain you while you read …
I hope to finish it within the next couple of weeks so that we can begin illustrations before the end of the month and layout by December for a late January 2014 release. Keep your fingers crossed!
WAT68 completed their boosters on 10 October and moved into Tutelage. Congratulations and good luck moving forward!
For now, they pushed back the Debt Ceiling to February next year and the government has reinstated all its non-essential services. Ben Bernanke’s insane tenure at the Fed is effectively ending and Janet Yellen will take over. Let’s hope things get more sane and rational at the Central Bank. Data continues to indicate that growth in the U.S. is “below-potential” and slowing. Jobs creation also slowed from 193,000 in August to only 140,000 non-farm payroll jobs. Aggregate earnings also slowed to a modest 0.2% which will not be enough to keep up with the slowing rate of employment and productivity. Data that factor heavily into the American GDP have declined, broadly hinting at a possibility of a contraction in its next report.
Earnings have also come under scrutiny – most estimates were revised lower and thus, are not disappointing the market as seriously as it should. Still, with half the earnings season over and half the S&P500 companies already calling their results, earnings have been a mixed bag with an earnings growth rate of just 2.2% thus far.
Reactions to surprises and misses have been rather straightforward and rational so far. Google (GOOG), Amazon.com (AMZN), Microsoft (MSFT) and Boeing (BA) have beaten their targets and their stocks have been handsomely rewarded. Other companies like IBM (IBM), Stanley Black & Decker (SWK), Coach (COH), and Caterpillar (CAT) have missed and their stocks have been punished severely.
But with half the earnings season remaining, a continuation of such a mixed bag of results is going to make it hard to justify the market going up any further.
The DOW looks like its stuck at the 15,600 – 15,700 historical high resistance. The S&P, however, is maintaining an uptrend having broken to a higher high in October.
In the meantime, Crude came off its highs and dropped back down to $94p/b in October as it seasonally weakens during this period. Gold is off its seasonal lows and looks ready for its year- end rally. All in all, things in the risk markets look like they’re back to normal and trends look set for more gains going into the end of the year.
The last hurdle for the year will be the Black Friday/Cyber Monday numbers. So far, all the self- fulfilling prophecies have pointed to a higher close by the end of the year and judging from where the market is right now, those prophecies are right on the mark again. Now where we go from here and into 2014 will depend on how Black Friday/Cyber Monday fares.
November begins well, flattens in the middle of the month but ends very well. November is the first of the best three consecutive months of the trading calendar between November and January. It is also the start of the “best six months” on the DOW and the S&P and the start of the “best eight months” on NASDAQ.
This year, November has 19 full trading sessions and one half-day session on 29 November and one trading holiday on 28 November in observance of Thanksgiving and Chanukah.
- The first day has seen the DOW go down 5 of the last 8
- Sunday 3 November – Daylight Saving Time Ends
- Monday 4 November US Equity Markets will open at 22:30 hours (SG, MY)
- The first two weeks of November tends to be bullish
- The Monday of Expiration Week has been down on the DOW 8 of the last 14
- November Expiration Friday has been up on the DOW 9 of the last 11
- The week before Thanksgiving has seen the DOW go up 15 of the last 19
- The last week of the months is typically bullish
- November 28 is Thanksgiving Day – Markets are closed
- The last trading day of November is usually bearish. However, the S&P has been up 5 of the last 6
- Oil continues its decline
- Nat Gas depends on climate changes to determine its direction in November
- Gold turns upward in mid month (but tends to come down sharply early in December)
- Silver starts its annual run up the charts around the same time as Gold (This long trade is good till February)
- Copper continues its weakness
- Soya tops out in mid month
- Wheat tops out in the first week
- Corn starts strengthening
- Cocoa bottoms early in the month and reverses upward after the first week (This long trade is good till Christmas)
- Coffee demand picks up in November but prices don’t make a significant rally yet
- Sugar tops out and consolidates at the top
Assuming that the market is really back in a normal mode, we should rally into the end of the year starting in November, barring anything unexpected from here on in.
Still, having said that, trade with caution and be prepared for anything … It’s when you think you’re safe that the market hits you right when and where you least expect it. And when it hits you, you won’t see it coming. But you will most certainly see it going because with it, will be all your hard work and earnings.
Trade Safe & Happy Hunting Always!
Retail – Home, Discounts & Broadline
This report continues from last month’s picks for my year-end portfolio that usually holds good till the end of Quarter One. It is one of the more reliable seasons of the trading year and has returned a profit almost as regularly as my favorite seasonal trade, Tobacco.
I am talking about the Retail Industry. This year. I will be looking at two parts of the industry; Apparel (last month’s report) and Home, Discounts & Broadline Retailers, this month’s report.
I feel a little robbed having done this for the last three years as a live presentation. But this is a brilliantly done movie version of my History of Money, Debt, Monetary Policy and Interest. This tells you exactly how our monetary system works, how debt keeps out economies going and how central banks, governments and economies make monies at the expense of its people’s enslavement.
Just a word of caution – Mike Maloney is a huge gold bug.
And this explains in detail what our economy is about, how demand and supply shakes it up and down and how cycles are formed from productivity, the short term debt cycle and the long term debt cycle. This is akin to my 2008 presentation on The Market’s 4 Year Recession Cycle, 20 Year Trend Cycle and 80 Year Depression Cycle.
Once again, I’ve come into that time of the year where things get impossible for me to handle. This year is more exceptional than others.
The 7th Edition Tutorial Notes got its annual update with the latest models and additional information for two chapters. The 380 page manual went into its final phase of design and layout and printing last week and should be out before next month.
The Pattern Trader Tools Team has started re-branding and relocating the website which by the end of the year will be a spanking, rocking and most happening financial website that this side of the planet will have to offer. There will be new products, apps, software and more stuff than I could ever have dreamt of when I first started this site.
We have already acquired the URL for Patterntrader.com and will be busy redesigning everything. It also means re-assigning all the URLs to the new parent page.
The Pattern Trader Forum will also be shifting as part of the parent URL. Don’t worry, we’ll still be holding on to this current URL to link to the new one in case old members get lost.
With the new site and re-branding, we’ve also come up with a spanking new logo …
I have my fourth book in its final phase of editing which means it goes into the phase where I write even more to get it finished. Then there is the design, graphics, layout and eventually printing then launching, book talks, interviews and a lot of public engagements. And guess what? … I still don’t have a title for the book!
I also need to work with my Trainers and Coaches as we embark on launching our Specialists Tutorials and work on franchising the Pattern Trader Tutorials. Hedging with CFDs will start going public next year and the Options Boot Camps (three modules in all) is already behind time in launching. In the pipeline are also two more peripheral support workshops for WAT Graduates.
Then there are all the additional speaking events, the annual year-end congestion of tutorials, boosters and gathering in two countries, Previews for the coming year’s programs and a whole lot more other engagements before I get my year-end break.
Because of the enormity of the tasks ahead in the next 11 weeks, I gave the DMA a rest. I will also not be actively trading during this period so that I can have more time and focus at my tasks at hand. It has already been a very profitable year for me after all. I’ll probably just keep one seasonal portfolio going into the year end but that’s all.
I hope to return the DMA soon. Once the new site is up and running with all its bells and whistles in place, I should be able to get the DMA back before the end of the year. So in the meantime, you can still keep in touch with the market with the other DMAs that the other Trainers and Coaches write. You can find them in my Friend’s Blog Roll on the right of this blog.
To everyone who got involved with my programs and stayed faithful to our ideologies, a big thank you for your support. I will strive to improve everything that the Pattern Trader stands for and continually work hard to provide you with nothing but the best that I can muster.
WAT67 in Singapore completed their Tutorial on Tuesday 17 September after eight weeks of intensive mind feeding.
WAT68 is still getting their boosters after completing their weekend version between 20 and 23 September.
Malaysia got its 24th batch of the Tutorial between 27 and 30 September and they still have three boosters and their 8-Week Hands-On Tutelage left to go.
Good luck and Happy Hunting to all our new Graduates!
September didn’t rear its bearish head that much this year with only the third and fourth weeks really making any bearish impression at all. The benchmarks closed out the month with two consecutive DFDMs (Down Friday, Down Monday) making it four in 8 eight weeks.
After that massive sell down in August, the market saw fit that we should revisit the highs again. However, that rally was based on poor economic data indicating that America’s economy may be slowing down a tad. This gave rise to the confidence that the Fed would not taper its bond purchasing program and that the free-flow of cheap money would continue. The Fed also affirmed that it would continue and even step up its purchasing program if the economy turns south.
Thus, how much credence would you give this rally given that earnings reported in July/August weren’t all that dovish? The DOW now looks like a possible Double Top while the NASDAQ could be forming the head of a Head and Shoulders Pattern and S&P looks like forming a Rising Wedge at the end of three Wave 5s.
All three benchmarks do not look friendly at this point with ominous reversal patterns forming and threatening to take the market down in October – a month notoriously famous for crashing markets. For the record, DOW closed out September with a Shooting Star (monthly candle).
Bond yields broke 52 week highs and registered its highest and steepest curve on 5 September;
As the sell-off in the bond space continues, one must wonder how reliable the Yield Curve is today or for that matter, how real the apparent rise of risk appetites are as the market breaks new highs.
It would be wise to note that volumes did not improve in September. Now, the October Effect goes into its next and worse phase after September where volumes usually drop even further.
With the threat of another Debt Ceiling and the uncertainty of the Fed’s Tapering intentions plus the impending shift of power in the Fed Chairmanship, this October is going to be a testy one.
Are you up for it?
October 2013 has 22 trading sessions and one public/trading holiday, Columbus Day on Monday, 14 October. October is infamous for some of the most notorious stock market crashes in history;
- The Panic of 1907 (October 1907)
- Black Tuesday, Thursday and Monday (October 1929)
- Black Monday (October 1987)
Let’s also not forget that fateful October in 2008 that effectively ended the lives of Lehman and Bear Stearns.
Ironically, for all its bad rep and bearish tags, October has ended more bear markets than started it in history. Massive drops in 1987, 1990, 2001 and 2002 promptly and sharply reversed in October to start long-term rallies. If you had been a buyer during Black Monday of 1987 you would have been massively wealthy by the time the Asian Financial Crisis hit in 1997. With so many being so fearful of this period, it would take a brave and wise man to grab a bottom as the risk would be very low after such a sell down.
- October starts poorly with the first week being bearish
- The first trading day of October has been down of the DOW 5 of the last 7
- The second starts bearish but ends bullish (this was DOW’s worst week in history in 2008 losing 1,874 points or -18.2%)
- Monday 14 October is Columbus Day – Markets are closed
- The first day of October Expiration week has been up on the DOW 26 of the last 32
- Expiration week is usually bullish
- October Expiration Friday has seen the DOW go down 7 of the last 9 (this is the anniversary of the Crash of 19 October 1987 – DOW went down 22.6% in one day)
- The fourth week starts bullish but ends bearish or flat
- 28 October if the anniversary of the 1929 Crash (DOW went down 23% in two days)
- October ends very well
- Daylight Saving Time ends on Sunday 3 November 2013.
- Crude tends to weaken and Nat Gas tops out
- Gold stays pressured and Silver weakens
- Copper continues its seasonal downtrend
- Soya makes its seasonal uptrend around the third week of October
- Corn bottoms
- Wheat consolidates
- Cocoa begins strengthening for a run into the next three months
- Coffee also strengthens into the year end
- Sugar continues its seasonal uptrend
The scariest month of the year beckons. I doubt we’ll have a crash but there no doubt there’ll be a lot of nervous traders and investors out there now who’ll run at the littlest sign of trouble. So be safe!
Trade Safe & Happy Hunting Always!
This is the period in which I start picking up my year-end portfolio that usually holds good till the end of Quarter One. It is one of the more reliable seasons of the trading year and has returned a profit almost as regularly as my favorite seasonal trade, Tobacco.
I am talking about the Retail Industry. This year. I will be looking at two parts of the industry; Apparel (featured in this report) and Home Improvement (next month’s report).
It would be prudent to be patient before considering any part of this report as these stocks are greatly affected by the Black Friday Event.
Black Friday is the first Friday after Thanksgiving which traditionally starts the annual Christmas sales. The Black Friday/Cyber Monday report is a consumer sentiment indicator that either starts a rally in November or tanks the market into its next recession.
This year, Thanksgiving come very late on Thursday, November 28. Thus, it is possible, as it was in 2012, that the stores may start their Christmas sales before this date.
No graduations, no major events, just the usual weekly classes, gatherings and whole lot of busy to make my August fly by like it only started yesterday.
On the 16th Singapore got its August Gathering in which I brought back an old familiar trading technique, the 5DPEG – the technique that made me famous for making $50 per trade consistently back in 2006. It is also the technique that started my teaching career. I find it so amazing that over all these years, the 5DPEG is still as reliable as it was when we first started using it. In fact, it has evolved so much that it went from versions 1 and 2 (the basic evolution with Call options), 3 and 4 (incorporating Puts), 5 and 5.5 (incorporating the Straddle and Strangle), 6 (incorporating the multi-directional strategies and techniques), and finally versions 7 and 7.5 (incorporating the Vertical Spreads and Combos). And the traders still love it till today … mind-boggling stuff.
Pattern Traders over the last year have not had this technique in the usual syllabus because I decided to make it a Gathering subject to amortise time during the Tutorial. So it was a well received crowd who enjoyed learning every bit of this simple and time-tested technique with low risk and consistent returns.
After the very satisfying session, the gang went out for Teochew Porridge …
The following Friday, 23 August, I did the 5DPEG Gathering in KL with the same reactions from the crowd. They too were denied the 5DPEG during the Tutorial for the last year. After that Gathering, it was K.L. food!! I forgot the name and place but the food rocked!!
Upon coming back to SG for the usual weekly class, we decided to go for porridge again … at a different place … something about Traders and porridge …
We did finish the month on a high note by having our Coaches’ and Trainers Workshop where we brainstormed, gave up great ideas and even had time to put Sam, Jason and Jay on stage to improve their performances and teaching skills. Kudos to all three for putting themselves on the line.
August 2013 lived up to its reputation of being the most unpredictable month of the trading year and the most bearish month over the last 20 years. In Asia, the Nikkei, KOSPI, STI, KLCI, SET and JCI all fell with the SSE (Shanghai Composite), Hang Seng, KOSPI, SET and JCI all in the red for the year. Singapore’s STI is barely above the red line and Thailand is officially in Recession. The Thai and Indonesian benchmark indices are also officially in bear markets.
In the U.S., things are starting to look better on the economic front but all this good news has not been god for the market as the threat of tapering became more and more real with each bit of dovish data. The Fed, however, has not been clear on its intentions nor its timelines. For all the rhetoric by the voting Fed members, none have made a solid statement on when and how much or if it will happen at all. This indecisiveness has cost the market dearly as investors run helter-skelter in fear so much so bonds have become a risk trade too.
The month of August saw all three benchmarks fall below their 10, 20 and 50 daily moving averages while volumes fell to levels so low you’d think it was the December holidays.
The DOW has done something we haven’t seen since October/November last year – drop four weeks in a row. For the record, DOW has not had a five week loss since June/July 2004 but in May 2011, it lost 6 weeks in a row. The DOW and S&P closed out the month below its 10, 20, 50 and 100 DSMAs and below their 10 and 20 week averages. It was the year’s second negative month after June and leaves DOW with a Bearish Engulfing Pattern, making September looking very ominous indeed.
September is the last and worst month of quarter three which is traditionally the worst quarter of the year. September 2013 has twenty trading days and one public holiday. In the last 62 years since 1950, September has been the most bearish month of the trading year for the DOW and S&P. It is also the worst month of the worst four months (July to October) on NASDAQ.
Trivia For September
- Monday, September 02 is Labor Day – Markets are closed
- The day after Labor Day or the first trading day of September has been up on S&P 12 of the last 17 and up on the DOW 13 of the last 18
- The next three sessions after the first trading session tends to be bearish
- The second week of September is the month’s most bullish week
- Market remembers 9/11 (Wednesday) of 2001
- Monday of Expiration Week is usually bearish
- Expiration Week of September tends to favor the bears
- Wednesday 18 September – FOMC Meeting
- September 20 is Triple Witching Friday with the DOW up 9 of the last 10
- The fourth week is bearish, going down on the DOW 17 of the last 22
- Watch out for Portfolio Dumping/Window Dressing in the last week of the month/quarter.
- The last day of Quarter Three has been down on the DOW 11 of the last 15
- Crude tops out in September and reverses mid-month
- Nat Gas continues its strength till October
- Gold and Silver tops out in September
- Copper consolidates and turns down
- Soya stays weak and Corn continues to slide down
- Wheat maintains strength but tends to weaken depending on weather
- Cocoa weakens mid month till end October
- Coffee tops out in the first week of September
- Sugar bottoms and consolidates
Now we face September – the most bearish month of the calendar year with the reputation of having the worst volumes of the year. If that is not bad enough, we still have October waiting – the month infamous for all the major crashes in stock market history.
Good luck and Happy Hunting!
As technology improves, companies in the Solar Power industry are now progressing in leaps and bounds and also moving into industries of the future such as glass and mobile comms.
This is going to be a very exciting industry in the years to come as I am expecting the various forms of new technology to incorporate this form of portable power.
But for now, this industry is in the dumps which is not a bad thing because it makes picking the good ones easier. Plus, you will notice that most of the stocks have started ticking upward in the last few months. Could this be the start of the next big thing?
In 2006 and 2007, in my early days of teaching, I shared with my students what I thought would be the next technological breakthrough that would spur the economy to its next high. You must remember that this was a time when smartphones were limited to Blackberry 8703e, Palm Treo, T-Mobile Dash and Sony Ericsson P990i.
At that time, I said that your mobile phone (which was only good for making calls and texting) would one day within the next three to five years, become your everything – phone, SMS, email, entertainment, games … plus it will also become your bank, your credit card or charge card, your financial centre and main means of information gathering and dissemination. Today, as I write this, it doesn’t seem like a big deal that I said it in 2006. But back then, my students looked at me with a doubting look of incredulity. Then in 2008, we were all using the second generation iPhones.
Since then, my students have been asking me what the next latest technological breakthrough will be to spur economies into the next growth phase. I have always maintained that it will be some sort of nanotechnology. Personally, I was holding on to the thought that it would be in the biotechnological field.
But recent developments in glass have changed that mindset in a hurry because this has more mass market demand and will have a bigger, more sustainable business model than the healthcare space. I first mentioned this glass innovation late in 2009 along with nanotechnological advancements in this field.
Then in 2011 Hollywood got my mind racing again after watching Real Steel (starring Hugh Jackman).
I always thought that this technology was just Hollywood stuff like Real Steel and other futuristic science-fiction movies. But the technology is very real today and is already available in South Korea by Samsung and LG. Very soon, in the next five years, your smartphone will be made of this glass. In fact, that smartphone will be all glass. Amongst the leading corporations in this technology is Corning Inc. (GLW).
The main resource for this, by the way, is sand - the same sand that goes into making silicon chips. The glass will be embedded with photovoltaic nanotechnology so that it functions as a self contained computer. And the resources for this kind of sand is found in abundance in Brunei, Sabah and Sarawak.
Since the release of that second video in February this year, Corning Inc (GLW) the pioneer of this technology has seen its stock rise from $11.75 to the current $15.00 (+36%).
With this technology, another race is on to see which company will be the first to develop and patent the power source for this technology. The closest bet has been the aforementioned photovoltaic technology which has seen a surge in activity in several solar cell companies in recent months with polymer solar cells (PSCs) being the main focus for plasmonic PSCs using metal nanoparticles (NPs).
Because PSCs have many advantages, including low cost, solution processability and mechanical flexibility, PSCs can be adopted in various applications. PSCs are lightweight, inexpensive to fabricate (sometimes using printed electronics), flexible, and customizable on the molecular level and they have lower potential for negative environmental impact.
This is the tip of a gigantic iceberg which, in my opinion, will become that start of the next growth drive for mankind.