Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
i covered, I think its too late to be short with confidence, if aa blows it we might see a cpaitulation bottom. thealuminum market is terrible, but low expectations at .47, price of oil is killing aa, won't be a stellar report. (JMHO) CHUBBIE
i still think they buy the close, cpi and ppi next week, there's our chance for the "quick 50" rally, both will be down considerably. If they don't i'll buy more at the 1380 target.(JMHO) CHUBBIE
this selling is overdone for the day, what happened was everybody paniced when AT&T CEO said he saw weakness,everybody already knew to stay away from telecoms. The NDX is heading for a test of yeterdays lows, whether it is successful or not remains to be seen. (JMHO) CHUBBIE
Nov. lows breached so far, http://stockcharts.com/h-sc/ui?s=$INDU&p=DAILY&b=5&g=0&id=p15161712820
A brief consumer announcement,
Hang on to any of the new California Quarters! If you have them, they may be worth much more than 25 cents. The US Mint announced today that it is recalling all of the California quarters that are part of its program featuring quarters from each state. This action is being taken after numerous reports that the new quarters will not work in parking meters, toll booths, vending machines, pay phones or any other coin operated devices.
The problem lies in the unique design of the California quarter, which was designed by a team of Mexican professors at CSLA.
Apparently, the duct tape holding the two dimes and the nickel together keeps jamming up the machines.
we are beginning earnings season, yes that is always very important but there is something else I am watching for, news on inflationary pressure subsiding. when it breaks, this FED(if it has any brains will) jump 50, then we get our big bounce.(JMHO) CHUBBIE
RIMM, may bounce, but avery sloppy bear flag is forming, could be in for a big drop sooner or later, http://stockcharts.com/h-sc/ui?s=RIMM&p=D&b=5&g=0&id=p18196428672
for diclosure, I bought some INTC, .74. (eom)
yep, quite possible. they bought the dip today and also I'm watching AA, they correected it the last few days, but I still don't like it. (JMHO) CHUBBIE
I didn't see your post, i agree. but we got to watch those merging markets, they get themselves in trouble they'll have to
pull money out of U.S markets. with the U.S. accounting for 1/3 of wordl GDP, those emerging markets could be in for a god awful bloodbath. (JMHO) CHUBBIE
If i were invested in emerging markets i'd be more than a little nervous.With the big Daddy getting battered like it is, a tidal wave may be getting ready to sweep through emerging markets.This month I think a severe correction or even possible crash might happen in emerging economys. (JMHO) CHUBBIE
watch AA tomorrow, be a miracle if we don't see 1380 by the end of this week. (JMHO) CHUBBIE
remember a few months ago when i posted a post that said it was impossible for the global economy to hold up the U.S., due to the percentage of wolrd GDP attributed to the U.S.? keep this in mind when you watch Alcoa's earnings, this should gve a more accurate picture of how the global economy is dteriorating. Incidentally, I think AA is oversold but still ovber priced in this environment, I think it heads to the $28 rangebefore the bloodshed is over. (JMHO) CHUBBIE
possible bounce time, then 1380 later on this week. should hold for now but we'll see 1339 eventually. (JMHO) CHUBBIE
I think the bulls are in for a real drubbing, for the first 7-10 days of the new year, then we head to new highs, but it will take to late FEB. to achieve. (JMHO) CHUBBIE
new lows first week or two of jan., that bottom should last several months. (JMHO) CHUBBIE
playing gainst the odds that way, your slow stochs catch all the buying opps., in that chart not once have they failed after bouncing to a reading as lite as 18.4, bad bet going against oversold slow stochastics, especially since the previous bottom was hammered out by 10 candles.Looks like we go higher. (JMHO) CHUBBIE
10am is good might stay bullish, ellison after market closes, things look stable they might ignore FedEx tomorrow,coin flip. (eom)
that nice round 2600 number providing resistance, a little more gas is needed.
I hate to say it again but, the truth is the FED has to intervene again, after they announced their bllsht plan last week libor rates actually went up( migt have gone down a little today, haven't chewcked yet). What happened was, they started easing before the FEd announcement cuz they were expecting 50, when they didn't get 50 they clammed up again on the lending.Inflation is limiting the rate cuts so far, but the FEd has to go to the discount window with 50 or things might freeze up. (JMHO) CHUBBIE
its even worse than that, on TV they hype rising wages way too much as being able to combat a slowing economy, the truth is that in 2006 workers wages finally went back to where they were in '99.compund 7 years of inflation and the consumers running out of steam. (JMHO) CHUBBIE
keep watching the libor, like i was saying it could take 30 days for it go give some ground, then if it doesn't we get a huge sell signal, if it does give up enough 30 or more we rally for awhile. Bradley is the 22nd, just like last year they pick the beginning of the traditional santa Claus rally for their date, so take that for what its worth, but I wouldn't expect anything more from santa until the libor straightens out,looks more and more like they will wait the 30 days, postponing the rally until next year. (JMHO) CHUBBIE
as expected, libor fears hurting market, installing more fears on growth (which is headed for zero despite what anybody says), but we are due for a dead cat bounce tomorrow morning maybe in to wed., then we fall part Thurs. & fri. (JMHO) CHUBBIE
Disclosure: bought MRVL 1429 @ the close, stalking KLIC for a bounce, missed amd at the close or would have bought a token amount.
thank you, interesting work. (eom)
gotta watch the spx, no way a triple bottom will hold , if attacked it will snap like a twig. (JMHO) CHUBBIE
I think we go down further later, setting up for a gapmdpwn on Monday. (JMHO) CHUBBIE
1447 of course, wannabet we break 1390 in the first quarter?
yeah, Clinton smoked Herb but didn't inhale, maybe Obama
just snorted coke becuase he liked the smell?? (JMHO) CHUBBIE
The 17th is the big day, besides its being a Bradley date
it is the date when gentle Ben and his traveling circus' auctions begin.even this fedral Reserve can't be stupid enough to screw this one up, why even take a chance??? all you have to do is put huge chunks of Uncle sam's money overeseas in accounts and buy the instruments with taxpayer dollars.
All cynicism aside. the libor rate has retrenched but not nearly enough, it needs to go down over 37 points (the last I checked), there should be a 50 point spread between it and the FED Funds rate. It hasn't budged that much and probably won't budge that much on the 17th, what is important is that it does head near the 50 point gap by the middle of next month. The market needs a rate cut on jan. 30, right? If the libor doesn't head to somewhere near where the FED intends it to head, the jan 30th rate cut will seem to be ineffective as well.
I really find it hard to believe the FED will screw up Dec. 17th, and like I mentioned they should have protections in place,but if they do, the cry on Wall street will surely be "OFF
WITH THEIR HEADS!" (JMHO) CHUBBIE
I agree 1147-48. (eom)
and the 64 thousand dollar question is,
how do they value these CDO's? CHUBBIE
watch the close on libor, its coming down some, unfortunately it was at an ungodly high over 40 points higher than it was in Aug.Its abundantly clear this just adds temporary stability to the credit markets, when you see a plan heralded on TV as being something that can wipe out a crisis of this magnitude, you know its pure bllsht.lenders will still demand a premium, this environment will not change at the swipe of a magic wand, it will take some time. (JMHO) CHUBBIE
no , need a cut, worrying about oil is like p@ssing in the wind
$100 a barrel will be the norm anyway. (JMHO) CHUBBIE
exactly, totally asleep at the wheel. (eom)
Gentle Ben has put himself in quite a bad position, a quick intervention shloud result in a bullish pop. But how much confidence in the Fed's ability to lead has been eroded by this screwup??? (JMHO) CHUBBIE
it was overbought and pulled back, nov. wasn't very pretty right? certainly not the ideal backdrop for upcoming bank earnings. (JMHO) CHUBBIE
From what I've gathered the FED has realised what a poor statement yesterdays statement was and they have tried to reassure wall st. they plan on doing more.So far that yen chart loos like its going much higher, needs fed intervention (or maybe even a clearer interpretation of the statement), watch the carry trade.
Cramer was 100% correct in his summertime rant, "THEY NO NOTHING!! THEY NO NOTHING!!! The FED should have intervened dramatically in Aug., looks to me like the train has left the station without them. (JMHO) CHUBBIE