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watch the USD; pennant could pop today
here comes the gaps for DXD and SDS 79.31 & 94.60
I'm out of QID but have the 2 former
first time in a week CNBC may not parrot 10 times a day that the market going down has nothing to do with the election
LOL; yeah; i took profits on the QID spike into the 73 and gap close
i'm watching and in a normal market I would agree with you;
I'm not sure the juice is there for a hard snap back by hedgies/funds; ndx is the weak sister
AAPL is hanging in there but on the verge of losing a triangle
as GOOG did last week;
i'm just playing the gaps both ways QLD/QID
I'm anxious to trade FAZ but still watching it
whats the next magic trick? foreign rates cuts? foreign
stimulus? dems/obama unlikely to do anything before january
hedge funds side lined; I dont see the catalysts
upper, nearby gaps
DXD 79.31; SDS 94.60
QID filled a a gap near 66.70ish at the open and now has a gap
@72.83 (AAPL and GOOG look sick)
JNJ broke a triangle last wed near 62ish; depending how you measure its 13-16 pts
AAPL hanging on by its fingernails; could get interesting
well at least we know he has friends who will buy spx futures at the appropriate time - thats nice to know
well at least none of the reporters fainted, yet
surpised none of them has asked for an autograph; one guy hinting at an obama/bush wrestling match
sounds like obama is washing his hands until he is sworn in
so exciting to hear about the congrats from iran
looking at the monthlies it looks likely that some time in the next few weeks or months, the dow vists 7500 and spx visits 800
i watch the main components; there has been considerable
change the past few months; a few months ago i watched gazprom
lukoil and PBR - russia and brazil were 1 and 2 in top holdings; now the russia component has dropped significantly; in order by country: china, brazil, korea and tiawan; CHL now #1 and PBR not as important.
yeah, looks like it touched the bottom today at 95.72 and bounced, but MACD looks precarious;
I think I mis-spoke the other day about a 15 pt triangle - its
actually 35 or so - 120-85;
top today is 110ish; this should show the way for ndx
ps just noticed gap @ 110.99
they might be able to float EEM to 25ish but the vol is light;
wed and thurs were distribution days for EEM; i'm adding EEV 85ish; it could be down slightly on monday as well if the pattern holds
hey challo, this was out on the table before the election;
I remember hearing the rebuttal - just scare tactics;
some in the house have been discussing this for some time
if people are excited about higher taxes and redistribution,
I'm sure they will also love confiscation
thanks for the chart tea; i ve been watching (playing UUP) the monthly breakout since august in the hi 76s. its remarkable;
i'm out now. took profits in some gold plays before the euro
interest rate cuts; eventually it could run to 92.60ish;
its been a while since the dollar has run like this with little or no pullback
no wonder oil, gold and commodities are doing what they are doing in addition to the world wide slowdown
if you buy into the over seas excitement over obama, this could feed on itself; although china and israel dont seem so excited
hi is 85.977
cant get interday on stockcharts
US buck playing with pennant; today top is around 86.44ish
sorry didnt mean to do that; EEV is a favorite of mine;
also DUG has been nice
EEV (opposite of EEM) has a gap @ 114.50
AAPL working on 15 pt triangle; trapdoor @ 94.50ish
hey LG, big thanks for quasi heads up on LVS -
change comes to NYC
http://wcbstv.com/local/michael.bloomberg.income.2.856839.html
after listening to all the election/market spin, I have no doubt that if LEH and Bear opened up shop tomorrow to sell bad mortgage products there would be a line around the block;
all these people absolutely jubilant about higher taxes and more regulation. all these investors begging for higher cap gain taxes. I've been spending time with clients structuring sales to take advantage of the current cap gain rates
if you can cash in now and pay 15 why wait til next year and pay 28 on very probably, declining value
OK, i have QID from yesterday but might nibble AAPL @ 104ish
and switch
AAPL down 4?
10 min dow and spx look H&Sish; 9000 could be a neckline
LOL, he let me know. the kidding however may work. i look for opps everywhere
hey LG are you completely out of LVS? gambling on some 5 puts
trying some 94ish EEV and some TIP
mortgage rates are UP; so much for a cut
shortly before the close i was holding some DXD (in the red);
it was around 70.5 and I almost took the loss but a few minutes later I sold it at a profit at 77! could not believe it; this market is nuts. how can any one, bull or bear have any confidence?
today looks like Oct 14
Hey Joe, GE's action however doesnt explain the tank in stocks like XOM (look @ last few minutes) and JPM
IMHO these last two days were part orchestrated rally so funds could raise cash and meet redemptions; it just happened at the end of the month, at the end of some tax years and near redemption deadlines; the rally inexplicably started after release of one of the worst consumer confidence reports in some time
these last 10 minute dives are disturbing
whatever they are sayin on the conference call is not being well received - looks down 10 (FSLR)
yeah and alot of cheerleading/the bottom is in/dont miss out
etc.; give more alcohol to the alcoholic patient - that should help
the spikes up are still creating lower hi s; they'll use GE as
the EOD selloff excuse
thats election day;
dow and spx in almost perfect descending parallel channels;
dow channel is almost 1000 points; if we get big down tomorrow we could retest the top of the channel working thru friday into election day and then?
looks to me that this was a raise redemption cash rally for the funds, conveniently at the EOM; could be wrong
looks like october 14