swordfish Posted November 16, 2009 Report Share Posted November 16, 2009 poor data (previous had a correction) and we didnt go down - well, this is a bull market. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 Geithner Bond Wise Men Bury Warning as Options Rise Nov. 16 (Bloomberg) -- The options market shows investors are growing increasingly wary that U.S. debt sales may push yields higher even as inflation remains in check. http://www.bloomberg.com/apps/news?pid=206...DbEJE&pos=7 Doc, its for you Eventually the world catches up with me. The Wall Street Examiner leads. The rest follow. What am I reporting on now that the rest have yet to notice? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 16, 2009 Report Share Posted November 16, 2009 Probably stepping in front of a train here, but i just went FULL short on ES at 1098.25.Stop above 1103. They missed my stop by .50. Repeat of last week? Link to comment Share on other sites More sharing options...
Trader Joe Posted November 16, 2009 Report Share Posted November 16, 2009 After spending the weekend in an out patient drug & alcohol rehab hospice....Whiskey Haines is able to make a rare, and bright eyed, Monday morning apperence.... Burnett on the other hand....same 'ol same 'ol Link to comment Share on other sites More sharing options...
swordfish Posted November 16, 2009 Report Share Posted November 16, 2009 free ING newsletter: Nice and interesting reversal in the European markets last Friday. This is confirming our SHORT-TERM ‘Long’ position. However, we are NOT buying an extra FDAX at the moment we mentioned last Friday. We like focusing on the next important top in the market. Closing out SHORT-TERM ‘Long’ position and increasing our INTERMEDIATE-TERM ‘Short’ position. Most longer-term charts in equity markets are showing prices are nearing strong resistance. At least suggesting a short-term pause and our expectation is the beginning of a larger correction. Please, read our comments of the SPX in the ‘Trend Monitor’ about the limited upside potential from Friday’s close in testing the strong resistance area. Last week we already showed you the trend change in the US Dollar Index, suggesting the likelihood of a sideways market after violating the longer-term falling trend line. We believe that this is the beginning of a rise in the US Dollar Index. Please, watch the crucial 76.00-76.50 resistance area. Having said this, this is also suggesting that the uptrend in the EUR/USD will be violated below the MA-50 line sooner or later. We all know the almost perfect correlation between the EUR/USD and the equity markets. If this almost perfect relationship continues then there should be a trend change in the equity markets in the coming weeks as well. Furthermore, our SELL signal in our sentiment indicator is still intact. On the 30th of September we received a sell signal based on the AEX with a closing price at 311.35. This indicator is predicting a trend change and is confirming our view of deteriorating technicals. We are studying this indicator since the beginning of 2008. Just a short-term period and we like to follow this indicator in building confidence of a certain track record. Last year, each bearish signal resulted in a sharp decline after or within a couple of weeks. The current situation is markets are moving within a rising trend from the March lows. It is interesting to follow the sentiment indicator in a different trending environment. We keep you posted about the signals we are receiving. Below our KEY markets……. BUND…….Please, read our comments in the ‘Trend Monitor’. No clear direction in trend and no clear relationship between Bonds and Equities. VIX…..Prices are topping below the MA-50 line at 24.50, suggesting a further decline in volatility. A test of the lower end of the broadening formation around 19.85 should be expected. A lower volatility is signaling the likelihood of further rising equity markets. Only a close above the MA-50 line is suggesting a short-term boost in volatility. ITRAXX…….Still moving below the MA-50 line at 86.50. A close below 79 is required to resume the downtrend to the solid horizontal support level at 65. A bottom around 65 should perfectly coincide with a top in the equity markets. For the very short-term the jury is out and we like to see more confirmation about the next expected direction in prices. Our best guess remains a decline to around 65. EUR/USD……Please, read our comments in the ‘Trend Monitor’. No signs of a trend change. However, the US Dollar Index is telling a different story. So, please be prepared by this sudden reversal in the trend confirmed by a close below the MA-50 line at 1.4775. EUR/JPY…..Slowly deteriorating price chart, confirmed by the weakening momentum chart. From the highs at the 11th at 135.35 we see a series of lower peaks, confirming the short-term weakness. A close below the MA-50 line at 133.70 is suggesting a test of the lower end of the trend channel around 132.25. A short-term declining EUR/JPY is not suggesting short-term rising equity markets. TRANSPORTS……..Consolidating after the recent solid gains. As long as this consolidation is taking place above the EMA-9 line at 3,891 and the MA-50 line at 3,866 we should expect a continuation of the short-term uptrend towards new short-term highs. Longer-term overhead resistance comes in between 4,090 and 4,175. A top should be expected between 4,090 and 4,175. All in all, our KEY markets are slowly pointing to somewhat higher prices over the next few days, VIX and TRANSPORTS. This is matching our expectation of a little bit upside potential left before prices are running into overhead resistance. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 Latest Story Precious Metals Update 11/16/09 – Professional Edition November 16, 2009 By Lee Adler Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
swordfish Posted November 16, 2009 Report Share Posted November 16, 2009 Added: "S&P500 Index The chart is showing a short-term consolidation above the 1,087-1,080 support area, from where we should see acontinuation of the uptrend above the 1,100 mark. Please, notice the strong and overhead resistance prices are nearing within the longer-term charts. The longer-term falling trend line in the weekly chart is offering resistance around 1,110, the rising resistance line around 1,141.50 over the highs of the past few months and the strong horizontal line at 1,175. Below 1,080 we should see a test of the MA-50 line at 1,064." Link to comment Share on other sites More sharing options...
Lemur Posted November 16, 2009 Report Share Posted November 16, 2009 Slim pickings out there today. Everything seems to look like a 50:50 call. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 5 hr cycle projection 1107. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted November 16, 2009 Report Share Posted November 16, 2009 bought some puts on crapple... Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 5 hr cycle proj now 1109.50 Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 2 day cycle projection 1111. Link to comment Share on other sites More sharing options...
DrStool Posted November 16, 2009 Report Share Posted November 16, 2009 3 day cycle projection 1111. Link to comment Share on other sites More sharing options...
Sudaca Posted November 16, 2009 Report Share Posted November 16, 2009 1681 advances 96 declines Link to comment Share on other sites More sharing options...
Jetlag Posted November 16, 2009 Report Share Posted November 16, 2009 Eventually the world catches up with me. The Wall Street Examiner leads. The rest follow. What am I reporting on now that the rest have yet to notice? Let me do the devil's advocate part "Treasury yields are poised to rise as economic growth comes in way above expectations" Link to comment Share on other sites More sharing options...
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