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Hot off the press
Inventory climbing – Up 4% in July and Up 4% in August. Prices have topped in the existing home markets. Looks like Yellen will be the next Fed chief, so interest rates probably won’t climb. The median price of existing homes sold in the Orlando area during August leaped nearly 29 percent over the median price in August of 2012. Can we say Bubble....
http://c.ymcdn.com/sites/www.orlandorealtors.org/resource/resmgr/Images_Market_Pulse/MarketPulse092013.pdf
Break of 458 was dagger
Today's weakness - in the face of a surging broad market - is being pinned on talk of Chinese telecoms firms cutting subsidies - not exactly strategically in line with AAPL's growth goals.
http://stockcharts.com/public/3421479/chartbook/315479864;
re Golf this morning
On the Golf Channel. Final Round of the BMW. Lot of fans Yellen... LOL
Lawrence McDonald ?
Anytime a stock market rallies because the candidate handing out candy bars the Federal Reserve has changed, that's a short term sell signal
He was the only hawk. So all they have left is doves. You will now see the biggest bubble of all times. Interest rates will drop a point in housing. Look for the biggest bubble there too.
Summers out
Since the market looked at him as a hawk, futures are crazy up as the QE junkies celebrate
Let's get behind Obama
Fact Check
Looks like according to Forbes, they lied a bunch in the last election and there are quite a few sites that confirm the same bias. I am one of the first to agree with you about many things that Bush did were poor, but when it comes to liberals, they will stand by their man and defend everything to the end. Blind devotion is all about social issues. I am the one that doesn't wag the dog. Liberals will eat up the redefining of just about everything.
http://www.freerepublic.com/focus/bloggers/2923825/posts
re Obama Care
Looks like the unions are getting kicked under the bus, which may be by designed by the unions. If Obama caves and gives them a break, there will be an outrage. The insurance person that contacted me, was touting government supplements as the solution, that is why they have the IRS in charge of checking this out. So wink, wink by Trumpka. They are like every Dem group. When it comes down to it, it isn't about economics, it is all about social issues. Republicans want to take away birth control, your Obama care, your gay marriage, your union, want to favor white men and the rest.... The old saying comes to mind "When you are dead, you don't know you are dead. It's only difficult for others.... It's the same when you are stupid." The are always making poor people as they will with Obama Care with the rates that the young will have to pay. This will be figured into peoples credit and for the young who just got out of college, they will have their college debt, their health care costs and now the higher cost of rents, which has gone up 10% last year along with house prices, which have gone up 25% in 2 years and 50% up in distressed areas. Making poor people is what this president is about as he makes everyone equal. You might want to chisel out that cement in your kids bedroom, looks like they will have to move back in soon. LOL
Real Estate
This is a good summary about housing. Amazing how uninformed the average person is
http://streettalklive.com/daily-x-change/1774-housing-is-it-really-recovering.html
Yep now some Algos to push it up at the close LOL
http://stockcharts.com/public/3421479/chartbook/306082610
15 min chart is saying stay long
Tradable short under 1682 SPX - Stochastic in the top indicator - you can stay long above 80 and technically 50
http://stockcharts.com/public/3421479/chartbook/315917375;
Worst case
is consolidation on the upside. Moving averages favor a long signal, Fed POMO 4 billion, and don't think that the crooks won't use that money LOL
LOL Thanks
The Fed's window is now open
So it should be interesting. Bollingers on the 60 min chart are tightening so something has to give. Fed next week with OE, should make for a fun week.
Yep the RSI confirms the buy signal for sure
The pivots have really been helping me pick my spots to enter or leave. Works best on the SPX index
http://stockcharts.com/public/3421479/chartbook/306082610
Apple is breaking down again
Already wiped out yesterdays gains. Icahn bought more yesterday... break 458 and apple goes down to the lows. They said that Gold and Apple are trading the same way...
http://stockcharts.com/public/3421479/chartbook/312520319;
Consumer Confidence - worst miss ever
http://www.zerohedge.com/news/2013-09-13/consumer-confidence-collapses-biggest-miss-record
4 Billion of POMO
Down isn't allowed. 401 K markup so Da Boyz can distribute their shares to the participants. Good Golf all weekend. Womens in France and the BMW tourney. Then Bama against Johnny Football.... the Jets vs. Patriots game was pathetic - Fans were chanting Tebow, Tebow..... The media had no one to kick around. This country is reminding me of a middle east country with their hatred and prejudice by liberals of Christians.
Leadership
I will walk you back to the facts, since you have ignored them. First of all, the first attacks on the US with the World Trade Center was when Bill Clinton was president. He had the opportunity to take out Bin Laden and passed on that. The consequence of that lack of action was that 9-11. Think about how different the US would be if 9-11 wouldn't happened. I do, but it is the liberal mantra of not doing anything and people can be persuaded.
The president has now stood down to the Russians who have been aiding the Assad. The result has been that there has been 100,000 men, women and children killed by these people. BO now is trusting these guys, who can't be trusted??? Who have killed a huge amount of humanity...
So your argument is that his diplomacy is Bin Laden. He showed his leadership in Benghazi, where he lied and people died. This was a terror attack on US soil. So don't even begin to lecture me on history or leadership.
LOL Putin for Prez
He can probably get a fake birth certificate in Hawaii. LOL Have a tradable short below 1682 SPX. I am thinking there will be some event now in the middle east or some other Black Swan Event since we look like Jimmy Carter diplomacy in Washington.
Possible Descending Triangle
http://stockcharts.com/public/3421479/chartbook/306082610;
Did Kerry or Obama
Make a gaff today, I have been gone all day and wonder what our policy towards Syria is today. What a joke. This will likely a Black Swan Event for the nation, soon. I think Putin's article was something like this "You can't fix stupid"... LOL
10 yr. bond rally done
Reversed strongly today and going the other way, that means yields are up. Yields keep banging resistance, which usually means there is no stopping it and it break through. I would watch for a yield over 3% next week with the Fed meeting LOL Once this gets over 3 it will time to go all in short.
Putin sounded like BO in his article
Guess that is a wake up call to the left... this was all about one who wants big government control vs. one that has it. BO must be green with envy.... Putin is now in control of America's foreign policy, which is good. At least we know that Putin is competent...LOL
re ITB Gravestone Doji is likely
Looks to me like this is another Bull Trap for the uninformed. Obama Care will now have to be priced in the qualification of loans, there are less and less people who are full time, 222,000 full timers in America this year, prices at or above 2006 areas and higher interest rates. Existing homes are so much cheaper, so any sales will be in that market from now to the end of the year, when that market implodes because of increased prices.....
Yep
He was pumping the stock with Twitter - He is under water with his buy so guess he wants the stock to go up LOL. It's sitting at support and with the 7.5 Billion in POMO today and tomorrow, I would guess it will bounce. Break of 458 and look out below.
LOL - Good luck - Stick a fork in it - Best short ever
Check the volume. The run up was on Wells saying that higher interest rates won't hurt real estate sales LOL. Never ask a loan officer or realtor how real estate is selling. LOL The banks are laying off people like crazy in the mortgage business.
Retail sales come out on Friday
Ex gas, ex autos, ex planes and trains down 2% in August. The markets have big POMO days the next two days to counter any negative news.
LOL Gleno
Yep, I was hoping the Republicans would win everything, so I wouldn't have to think about politics for 4 years. Guess we have to deal with stupid for 3.5 more years.
175 institutions own it
so you may be right. 458 is the key level - below that and we head to 420. Over 30 million shares sold today, so thinking we will test the 385 with this volume.
The advisor for Kerry and McCain
Travelled with the Syrian rebels and was sympathetic to them. Kerry and McCain are a joke. I can't believe that BO and Kerry make policy with someone that lies to them, like this woman. Shows why this is a joke. I thought they had an intelligence network....
Leftist again
It already had the golden cross
yesterday, went down. Inverse Golden Cross LOL Apple is done. Cook is not a leader. He is just a black shirt follower. Jobs was a leader and innovator. Too much competition.
SPX filled the upper gap at 1685.39
So we are good to go on the downside. All gaps are filled.
IBM going crazy
After they kicked out the cost for their retirees health insurance. They will now give supplements to the retirees hoping they will go to the exchanges.... Reason, Obama Care costs. This is happening with GE,CAT and other big companies. Wondering who the retirees voted for. They will blame the company and not BO.... he gets a pass on everything. Sea World is now cutting their part timers hours from 32 to 28 because of Obama Care. Citi is laying off 2200 people and mortgage apps went to a 5 year low. refi's done. BofA cut 2100 at the end of August. The real estate market - everything turns in a head. Buyers will go cold soon, when they hear the news. Notices that inventory is again rising in existing homes. We are going into the slow season from Oct through Dec.
Generally the Sec. of State
is who the party in charge wants to be their next candidate to run for Prez. First Billary and now Kerry.... The speech last night was a joke. I am watching the 9-11 as it happened on 2001 on MSNBC. Interesting how the media was so calm while this was going on.