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Top daily BB is still expanding up..So that could signal more up yet to come...Guess it will depend on the earnings and then foward guidance..But I never trust those Chinese stocks...Looks like some Neg Divgt on a few indicators tho..
I like the old simple system...How much did you make? Send it...
Signal still valid on the 60 min chart..Target to the 10EMA...Looking to me like we wil get some more down here ...no time on that tho?? soon? pretty soon? sometime??eventually?
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=0&dy=15&id=p64735628413&a=121806161
Tax Solution is simple
Put a 10 cent tax on every song downloaded to Ipod etc. should do it. Balance the budget with the non-producers in America...They are too stupid to know the difference... LOL "Spreading the Tax" to those who don't pay.... I am running on that platform of taxing the uninformed in a creative way. LOL
AAPL has 11 milion shares short and GOOG has 3 mil..So a lot of people got hurt so far..but AAPL is just slowly fading away here...
320 MA on the SPY chart
Basically this is the hold long point on the 15 min chart. That is why this is not falling down. RSI 40 is an excellent indicator to show weakness.
320 MA and you
1319.49 is the down target...Just now got it and it could whipsaw as it is just barely valid...
The 15 min chart is very OB and the 60 min chart is in OB territory..Just waiting for a few indicators to roll over...No new signals yet..
No real competition for Apple, they can charge what they want and if the product is good, they will get it. If the customers feels that they are getting their moneys worth, all are happy.
HH
I'm all for capitalism
Supply and Demand determines price... but I do think that it is amazing that the Government doesn't say anything about the evil tech companies and their profits.... LOL... Why is oil evil and tech good.... If I was the oil companies or politicians, I would bring up this issue to O'bummer... My new price target for AAPL is 100 bucks in 2012.... LOL Get in early and then enjoy the ride... Nokia 2 coming up...
I know companies are in business to make money but don't you think AAPL shoud be a little embarrased about the obscene profits...Aren't they ripping off their customers..?GREED....
Paul Ryan..worth a moment of your time.
Charts and patterns are starting to sink into the gray matter. Thanks for sharing your work.
re tops
On the 60 min charts, the longer term moving averages are above the short term moving averages, which generally means a rally failure. Since we closed at the 80 SMA on the 60 min chart, that would indicate that the biggest amount of owners of stocks would be selling at the open. There would be carry over from yesterday's end of day rally up, so the open will tell everything. The SPX has to stay above 1320 SPX and most rez is at 1330-1333. So odds are consolidation at best in order for the shorter term MA's to catch up. BTW, AAPL had a parabolic move since 313... Parabolic moves generally indicate a top.
Noticed CNBC had a firm talking up AAPL this morning. The disclosure was the talking head owned it, the company he worked for owned it, so guess what his view of AAPL was ... LOL I remember when Nokia was the darling of the stock market... Guess history never repeats itself...LOL Wonder why Obama doesn't say something about AAPL's earnings and the amount of cash it is holding on to... Is technology any different than energy. I think we should tax the heck out of AAPL because they are making so much money. LOL..... Oh yeah, this is a Dem company and we know that the Dems never show any favoritism to Unions or Dem owned stuff.... LOL
Foot
Funny you should say that - one of our newest charts is not ready to tell the whole story.
Sell signal today - Buy signal 4 days ago - It will be interesting - do we go with the newest signal or does one trump the other? The Buy signal has been profitable - time to pass the torch?
http://stockcharts.com/h-sc/ui?s=$CPCE&p=D&yr=0&mn=6&dy=0&id=p03987005951&a=239483170
It's absolutely fraudulent - Trillion-size Madoff.
Commentary: Ten reasons we are doomed to repeat 2008 By Brett Arends, MarketWatch
BOSTON (MarketWatch) - The last financial crisis isn't over, but we might as well start getting ready for the next one.
Sorry to be gloomy, but there it is.
Why? Here are 10 reasons.
Wall Street's grim future
Wall Street is hit by another round of layoffs. What will a post-Dodd-Frank Wall Street will look like?
1. We are learning the wrong lessons from the last one. Was the housing bubble really caused by Fannie Mae, Freddie Mac, the Community Reinvestment Act, Barney Frank, Bill Clinton, "liberals" and so on? That's what a growing army of people now claim. There's just one problem. If so, then how come there was a gigantic housing bubble in Spain as well? Did Barney Frank cause that, too (and while in the minority in Congress, no less!)? If so, how? And what about the giant housing bubbles in Ireland, the U.K. and Australia? All Barney Frank? And the ones across Eastern Europe, and elsewhere? I'd laugh, but tens of millions are being suckered into this piece of spin, which is being pushed in order to provide cover so the real culprits can get away. And it's working.
2. No one has been punished. Executives like Dick Fuld at Lehman Brothers and Angelo Mozilo at Countrywide , along with many others, cashed out hundreds of millions of dollars before the ship crashed into the rocks. Predatory lenders and crooked mortgage lenders walked away with millions in ill-gotten gains. But they aren't in jail. They aren't even under criminal prosecution. They got away scot-free. As a general rule, the worse you behaved from 2000 to 2008, the better you've been treated. And so the next crowd will do it again. Guaranteed.
3. The incentives remain crooked. People outside finance - from respected political pundits like George Will to normal people on Main Street - still don't fully get this. Wall Street rules aren't like Main Street rules. The guy running a Wall Street bank isn't in the same "risk/reward" situation as a guy running, say, a dry-cleaning shop. Take all our mental images of traditional American free-market enterprise and put them to one side. This is totally different. For the people on Wall Street, it's a case of heads they win, tails they get to flip again. Thanks to restricted stock, options, the bonus game, securitization, 2-and-20 fee structures, insider stock sales, "too big to fail" and limited liability, they are paid to behave recklessly, and they lose little - or nothing - if things go wrong.
4. The referees are corrupt. We're supposed to have a system of free enterprise under the law. The only problem: The players get to bribe the refs. Imagine if that happened in the NFL. The banks and other industries lavish huge amounts of money on Congress, presidents and the entire Washington establishment of aides, advisers and hangers-on. They do it through campaign contributions. They do it with $500,000 speaker fees and boardroom sinecures upon retirement. And they do it by spending a fortune on lobbyists - so you know that if you play nice when you're in government, you too can get a $500,000-a-year lobbying job when you retire. How big are the bribes? The finance industry spent $474 million on lobbying last year alone, according to the Center for Responsive Politics.
Click to Play
New research shows that high-frequency trading firms add liquidity to markets and smooth out volatility.
5. Stocks are skyrocketing again. The Standard & Poor's 500 Index (SNC:SPX) has now doubled from the March 2009 lows. Isn't that good news? Well, yes, up to a point. Admittedly, a lot of it is just from debasement of the dollar (when the greenback goes down, Wall Street goes up, and vice versa). And we forget there were huge rallies on Wall Street during the bear markets of the 1930s and the 1970s, as there were in Japan in the 1990s. But the market boom, targeted especially toward the riskiest and junkiest stocks, raises risks. It leaves investors less room for positive surprises and much more room for disappointment. And stocks are not cheap. The dividend yield on the S&P is just 2%. According to one long-term measure - "Tobin's q," which compares share prices with the replacement cost of company assets - shares are now about 70% above average valuations. Furthermore, we have an aging population of Baby Boomers who still own a lot of stocks, and who are going to be selling as they near retirement.
6. The derivatives time bomb is bigger than ever - and ticking away. Just before Lehman collapsed, at what we now call the height of the last bubble, Wall Street firms were carrying risky financial derivatives on their books with a value of an astonishing $183 trillion. That was 13 times the size of the U.S. economy. If it sounds insane, it was. Since then we've had four years of panic, alleged reform and a return to financial sobriety. So what's the figure now? Try $248 trillion. No kidding. Ah, good times.
7. The ancient regime is in the saddle. I have to laugh whenever I hear Republicans ranting that Barack Obama is a "liberal" or a "socialist" or a communist. Are you kidding me? Obama is Bush 44. He's a bit more like the old man than the younger one. But look at who's still running the economy: Bernanke. Geithner. Summers. Goldman Sachs. J.P. Morgan Chase. We've had the same establishment in charge since at least 1987, when Paul Volcker stood down as Fed chairman. Change? What "change"? (And even the little we had was too much for Wall Street, which bought itself a new, more compliant Congress in 2010.)
8. Ben Bernanke doesn't understand his job. The Fed chairman made an absolutely astonishing admission at his first press conference. He cited the boom in the Russell 2000 Index (RSU:RUT) of risky small-cap stocks as one sign "quantitative easing" had worked. The Fed has a dual mandate by law: low inflation and low unemployment. Now, apparently, it has a third: boosting Wall Street share prices. This is crazy. If it ends well, I will be surprised.
9. We are levering up like crazy. Looking for a "credit bubble"? We're in it. Everyone knows about the skyrocketing federal debt, and the risk that Congress won't raise the debt ceiling next month. But that's just part of the story. U.S. corporations borrowed $513 billion in the first quarter. They're borrowing at twice the rate that they were last fall, when corporate debt was already soaring. Savers, desperate for income, will buy almost any bonds at all. No wonder the yields on high-yield bonds have collapsed. So much for all that talk about "cash on the balance sheets." U.S. nonfinancial corporations overall are now deeply in debt, to the tune of $7.3 trillion. That's a record level, and up 24% in the past five years. And when you throw in household debts, government debt and the debts of the financial sector, the debt level reaches at least as high as $50 trillion. More leverage means more risk. It's Econ 101.
10. The real economy remains in the tank. The second round of quantitative easing hasn't done anything noticeable except lower the exchange rate. Unemployment is far, far higher than the official numbers will tell you (for example, even the Labor Department's fine print admits that one middle-aged man in four lacks a full-time job - astonishing). Our current-account deficit is running at $120 billion a year (and hasn't been in surplus since 1990). House prices are falling, not recovering. Real wages are stagnant. Yes, productivity is rising. But that, ironically, also helps keep down jobs.
You know what George Santayana said about people who forget the past. But we're even dumber than that. We are doomed to repeat the past not because we have forgotten it but because we never learned the lessons to begin with.
listening to Bloomberg now about the CDS nukes waiting
in Europe for Greece and Bond market unraveling
will see very quick here, sauce or pie ??
BT: if SPX sees 1340 then NDX and probably COMPQ will make new highs. I'm betting against it.
LOL how about some AAPL Sauce
just in case... Already down a buck seventy five...
Good stuff...But I wil be looking down tomorrow for any trade I make....If we have a pop at the open just make better entries for shorts...
GLENO34 There is no right answer. It ia a matter of odds and probabilities. Has the trend changed to up? List your evidence.
Will the trend continue down? List your evidence.
If you end up with a 50-50 chance either way then you stay on the sidelines.
Then each person needs to decide on his risk tolerance. If the odds are only 60-40 the trend down will continue the risk is high. If the odds are 80-20 the trend down will continue the risk is not so high. So you decide you will only place a bet when the odds are in your favor by a certain margin. That way you know the limit of your risk and all you have to do is win more often than not.
Now all you need is a way to calculate the odds. heh heh
LOL...That is THE question AND I do not have the right answer...
RCKS...I have just stayed out today...I mucked up a good trade yesterday so am putting myself in the penalty box today..
GLENO34 - The trend for the last 8 days is down. We are at the top of the trend channel. The question is what are the odds that the trend down will continue.
If the odds are good that the trend down will continue then right now is the time to enter short.
So what are the odds the trend down continues?
Glen great job as always with your updates.
Today and probably this whole week is a gamblers paradise, AAPL & market in genral.
I can see how shortering/Puts might look extremely inviting on AAPL as so often its a sell the news proposition with their earnings but I have a feeling that would be very dangerous right here.
I said over the weekend that I thought the highs were in for this bull market...but I have to say now that we have room on the daily chart to reach new highs before it gets OB again...We also have room for a move down to 1250..So this is a very tricky market right now...It is pretty much new driven and if we get a debt limit resolution we could rampo...Who ever said it was a easy business..Everyone is waiting on AAPL and who knows what the market will think about it no matter what they do..
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=15&id=p55126405639&a=16527860
I knew some of Da Boyz were getting info early..but I didn't know you were one of da boyz...We need to show more respect .....I bet by the close AAPL will be red so the crooks can get in for cheap and ride the rampo...
Top BB could be signaling more up here...Expanding as price approaches..??.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=0&dy=15&id=p21425877724&a=121806161
$5.806 is the number, conference call is 5PM
1312.84 is the new down target for SPX...60 min 10EMA...May not get much in the way of down until AAPL reports...Guess we see...
FOOT
For this chart - I'm going with "simpler is better". I've added a line at the 600 level to show how many bars of ADV or DEC stay below it when the other side is busting through 2250 and better. This seems to give an additional decent hint as to when a possible reversal is in the works.
Hey, and the "Full Moon voo doo" is looking like it might be within one day of calling the low - if that is in fact the low of that move.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p22372985658&a=239611650
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=3&dy=20&id=p29222263987&a=238174629
Heading for the gym..back in two hours...The thing to watch now is CCI60 on the 60 min chart...If it can get above zero...which is looking doubtful..then we will head for the 100MA now at 1322.57..but the CCI's have turned sideways...so ...
Sounding like cloned Glen in this message...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65325894
15 m in chart is now OB...The 200MA could be the target but we need CCI100 to cross above +100 for that signal...Could be strong rez if we get there..
http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=4&id=p26703721121&a=197648760
Well we staggered up to 1320...LOL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65305671
Getting a little overdone here...Need TRINQ to get below .50 tho...
http://stockcharts.com/h-sc/ui?s=$NAADV:$NADEC&p=D&yr=0&mn=7&dy=0&id=p60179060250&a=95639197
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