80 replies to this topic
Posted 11 April 2012 - 09:00 PM
Early openers moving cautiously: Kiwis +0.5%, Aussies +0.3%, Nikkers -0.1% and Sth Korea -1%.
All green for Aussie sectors although gains are minimal: IT +1.2%, Energy +0.8% and Telecomms +0.6%.
Posted 12 April 2012 - 05:07 AM
Buyers tinkering today although a lot of it was gap up stuff which will no doubt be sorted tomorrow. All Ords closed +0.8% led by IT +1.5% and Telecomms +1.2%.
Sizeable gains in Asia: China +1.8%, Honkers +0.9%, India +0.8% and Nikkers +0.7%.
On to UK/Europe:
Posted 12 April 2012 - 05:17 AM
Posted 12 April 2012 - 08:19 AM
I just can't get GDX out of my mind. I think it's saying something very important and that is that we are far from bottom in the markets. IMVHO
Posted 12 April 2012 - 08:48 AM
GDX is made of Gold miners and they have performed worse than gold and may never beat gold. If there is a dislocation then Us Bond is the place to be in.If not Then QQQ. IMHO
Nasty is over extended so could see consolidation for another 6 weeks. IMHO
Posted 12 April 2012 - 08:58 AM
I understand that. I was thinking more what GDX is saying about liquidity out there.....6 months ahead of time. As far as QQQ, this is picture perfect double top IMVHO. Pivot slightly exceeded and then immediately reversed down.
Posted 12 April 2012 - 09:33 AM
Goldilocks continues the big windup...pitch should be on it's way soon...
Posted 12 April 2012 - 09:47 AM
Aapl getting a bid... bought another 635 call this morning. Plan to dump soon!
Posted 12 April 2012 - 09:54 AM
well, well, the bears got a little action
closed out longs right after payroll # during shortened session friday
how nice to release a crappy # when noboby cares during the holiday weekend
long YM at 12650 support, id charts bullish, 12950 is a cinch for 50% retrace and maybe more
bears going to be sucking the hose again unless 12650 breaks, then 12k comes, but highly unlikely
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