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Goldman Sachs "new order", LOL
Board is quite Today
typo: quiet
bluechip231: Board is quite Today
I am Signing off, ( Namaste )
SPX at critical juncture
imvho:
a big one is imminent, not for quick trades.
i have no SPX releated ETFs (SDS SPY SPXU .. etc)
like playing dice, LOL
wait for singal, entering Short requires confirmation
read at your own peril. Do Your own DD.
05/19/15 trading DUST & Yang
DUST
- tracks NYSE Arca Gold Miners Index, Bear 3X ETF
- i use Gold future as a reference
- bought $11.95 (05/18)
- may sell before close (session high 13.01 ongoing)
YANG
- tracks FTSE China 50 Index, bear 3X ETF
- sold remaining 1000 shares Yang, $5.71 (05/18), effective cost $4.75
- New buy order on Yang ($5.42),
- waiting to be filled, may adjust Buy price without notice
-- speculative play --
Gold Future data: http://www.investing.com/commodities/gold-historical-data
May 19, 2015 1205.40 (session low, ongoing)
May 18, 2015 1232.00 (session high)
cue-master: check Your Private Message box (EOM)
05/17/15 Gold
last update 05/14
Gold hit resistance then reversed, but did not dip below support 1210.00, looks soft
resistances
1227.25 (0.500)
1237.87-1239.74
supports
1210.96-1210.00
1208.21-1205.93
Date---High-------Low
05/18 1224.20, 1221.30
05/17 1225.10, 1222.70
05/15 1225.80, 1210.60
05/14 1227.70, 1211.90
(data source http://www.investing.com/commodities/gold-historical-data )
Thursday, 05/14/15 11:50:35 AM
05/16/15 weekly report (2) at the critical moment
I missed loaded a chart in the prior post.
here is the correct chart link: http://www.chartupload.com/images/99280192870917928554.jpg
Just a reminder, the Middle term upper target set on 11/21/14 is going to transpire. So far the ATH 2125.92 was observed on 04/27.
imho, index is moving into the critical zone both in time and level. again, gives some aberration. It is a good idea to set up a strategic plan in this weekend.
Geo-Economics Series
This past week
Kerry meets Russia's Putin,
Russia And China Begin Mediterranean Military Exercises
http://www.siliconinvestor.com/readmsg.aspx?msgid=30065822
The Coming Eurasia Economic Boom
http://www.siliconinvestor.com/readmsg.aspx?msgid=30065124
Tension rising in South China Sea
http://www.siliconinvestor.com/readmsg.aspx?msgid=30069592
Heavenly Mountains and Sayram Lake: the last drop of tears of the Atlantic
http://www.siliconinvestor.com/readmsg.aspx?msgid=30070142
05/16/15 weekly report
(1) Market Trend Charts
Overall link, We are in a stock bull market
Synopsis:
(a) To be short term bullish,
depends on whether SPX will break 2130.46 decisively (2137.74).
(b) For very short term,
the rejection by 2125.34, 2130.46 can be viewed as good odds the remaining weeks in May might suffer downward pressure.
(2) Fibonacci Zones
Zone 1 2070-2130
Zone 2 2130-2214
Zone 3 2214-2317
Table
chart
(3) SPX Short term high targets
2125.40, 2130.46, 2137.74, 2148.70
2125.40 0.618 (refer to the chart)
2137.74 0.707
(4) SPX Short term low targets
2106.94, 2095.20, 2085.71
(5) Middle term target 2213.50
Gauge 2157.33-2167.53 to see 2213.50
[2130.46-2213.50]
2157.33 0.3236 (=1.618/5)
2167.54 0.4465 (=1.786/4)
(6) Long term target - pending
(2167.54)
YANG as of 05/15
my covered-calls YANG 6.00/05-15 will expire at close, i will hold this 1000 shares (avg. cost $4.75 (after the covered call effort, $0.30), session low 5.46 as of 05/15). will accumulate more shares if it drops again. Overall, i made good coins on the 5000 shares i sold.
YANG tracks FTSE China 50 in inverse 3X.
For YANG, there is an open gap (bigger one) 7.47-6.47 (04/07-04/08) and a few small gaps waiting to be filled.
status SPX Gold
Gold:
chart borrowed from http://quotes.ino.com/charting/?s=FOREX_XAUUSDO
data borrowed from http://www.investing.com/commodities/gold-historical-data
01/21, 1308.00 (H)
03/11, 1146.50 (L)
04/06, 1224.50 session high
05/14, 1226.80 session high, ongoing
resistance 1227.25 (0.500)
support 1184.61 (0.236), hold up would be very bullish
The Circus Barker’s At It Again - TSLA
The Circus Barker’s At It Again - Elon Musk’s Not So Muscular PowerWall
by James Howard Kunstler • May 11, 2015
link
10-Year Yield 2.269 +0.119 +5.53%, &-Gold...
U.S. 10-Year Bond Yield
2.269 +0.119 +5.53% as of 18:49:16 GMT
http://www.investing.com/rates-bonds/u.s.-10-year-bond-yield-historical-data
TLT down 2.81, 119.73
TBT up 2.15, 49.07 (crying!, sold last batch on 05/07)
Gold Futures - Jun 15 GCM5
1,182.20 -6.70 -0.56% as of 18:51:33 GMT
Day's Range: 1,178.20 - 1,190.90
http://www.investing.com/commodities/gold-historical-data
(with edit)
Could Gold’s Price Dip Lead to a $1300 Market?
FYI FWIW
1 hour ago ...
video:
Todd Horwitz, founder at Averagejoeoptions.com, and Bloomberg’s Julie Hyman discuss the price of gold market conditions that could push it to $1300.
http://www.bloomberg.com/news/videos/2015-05-11/could-gold-s-price-dip-lead-to-a-1300-market-
Wall Street is so confused about Tesla
Lumberjacks near Bellingham, Washington in c. 1910
(1) Lumberjacks near Bellingham, Washington in c. 1910
http://upload.wikimedia.org/wikipedia/commons/6/67/Logging_Scene_Near_Bellingham%2C_WA.jpg
(2) three of the eight Chinese men who brought up the last rail fifty years earlier stand on the float - May 10th, 1919, Ogden, Utah.
http://cprr.org/Museum/images/I_ACCEPT_the_User_Agreement/photographs/Chinese_1919_NPS.jpg
(1)(2) Those days had passed, written into history textbook.
This is the way they built the Qinghai Tibet Railway :
National Geographic - Extreme Railway: Qinghai Tibet Railway
I moved my Geo-Economics Series to a politics forum
i applied a new UserID PeekSam in Silicon Investor for posting Geo-Economics information. Economics ties with Politics together, for some topics, you can hardly ignore either one.
This past two weeks, China signed with Russia & Pakistan two major economic development projects
North bound:
Moscow to Kzan high speed rail, project to be completed in 2020. later be extended to China, connecting the two countries across Kazakhstan. The transport scheme could become part of the route of a new Silk Road project, which is aimed at tying China with the European and Middle Eastern markets.
photo shows the existing train connects Beijing - Ulan Bator (Mongolia) - Moscow
http://www.wenxuecity.com/upload/album/b3/df/07/68d2fb5a0590OjQ1n4CI.jpg
South Bound:
China-Pakistan 'economic corridor'
A rail road from Kashgar (Pearl of the silk road) to Pakistan’s capital, Islamabad, and upgrade the existing rail road system from Islamabad to Karachi, therefore, China will have a rail road to access India Ocean directly for the first time ever.
The economic corridor will solve the Pakistan electricity shortage completely, includes 5 Nuclear power plants, coal-fired electricity, communication facility ... etc.
The end goals are twofold. First, China envisions its western transportation networks as an alternate route for oil and other energy sources. The China-Pakistan Economic Corridor, for example, is expected to include construction of an oil pipeline from Gwadar’s port to northwestern China. China has also completed a pipeline from Kazakhstan, through which it imported over 86 million barrels of oil in 2013, and one from Turkmenistan. The “maritime silk road,” meanwhile, is expected to increase security for China’s shipping lanes through the Indian Ocean and South China Sea. The development of transportation networks to the west of China helps Beijing diversify energy sources and trade routes.
to be elaborated.
a blank post, sorry (EOM)
China cut both one-year lending/deposit rate 0.25%
China Cuts Rates to Halt a Slide in its Economy
By DAVID BARBOZA and KEITH BRADSHERMAY 10, 2015
link
(in Chinese fonts)
new rate effective day: May 11, 2015
http://www.guancha.cn/economy/2015_05_10_318980.shtml
05/09/15 weekly status
Review:
05/02 - The gyration in FOMC week (04/28-04/30) says it is getting closer to a sizable pullback.
From 2125.92 (04/27) to 2067.93 (05/06) is 57.99 point, Meh!, not an expected "sizable" pullback. O.K, I am hoping that 57.99 points was just the beginning of the big one.
(1) Market Trend Charts – overall (-link-) says we are in a stock bull market
Synopsis:
On 01/17, i wrote: “To be bullish, the serious test remains in between 2069.93 and 2130.46 “
SPX made ATH 2125.92 on 04/27, it did not break the resistance 2130.46. and then, SPX made reversal down to 2067.93 on 05/06, it did not break the support 2069.93. Now You can realize why i gave a range 2069.93-2130.46.
- 2124.64 was posted on 03/07/15, ATH 2125.92 was observed on 04/27
- 2130.46 has been highlighted for more than 5 months
- To be bullish, depends on whether it will break 2130.46 decisively (2138.86)
- for very short term, the (coming, if there is/are) rejection(s) on 2117.66, 2120.14, 2124.63-2125.92, 2130.46, that kind action(s) can be viewed as good odds the remaining weeks in May is bearish. in might run into a downhill rolling snowball
(2) Fibonacci terminal points
Zone 1 2070-2130. Zone 2 2130-2214. Zone 3 2214-2317
table
chart
(3) SPX Short term high targets
2120.14, 2124.63, 2130.46 , 2138.86, 2140.84
(4) SPX Short term low targets
2029.52, 2005.40, 2004.02, 1973.79-1965.20 (refer to the table)
(5) Middle term and Long term
On 11/21/14, i reported: “Middle term upper target 2130.46, Long term upper target 2213.50”
To reflect the recent status, here is the update view:
middle term target 2213.50, long term target (pending)
(6) OEW: an Objective approach to the Elliott Wave Theory
status
strategic & tactic
YANG
i sold in two batches, and kept 1000 shares with covered calls (a lesson learned, YANG is not very liquid on option). hold till Expiration; this run the profit is much better than the trade on JNJ ( 98->101, an expensive stock), but, YANG is a speculative one.
SPX
Index made reversal on 2067.93 (project 2067.34), those FIB points and "Buy ON Dip" worked again. imho, a strategic short opportunity is looming, (NOT ripe yet), keep watching..
Unemployment 5.4%, in line. wages below expectations (EOM)
>> Hadik 2200 (2) & "In-Distance combat".
i searched all Hadik’s posts (2015), he did not mention 2200 at all.
Eric Hadik archive: (require JavaScript enabled to see all his posts)
http://40yearcycle.com/category/pages/featured-2-pages/
You may mixed with Avi Gilburt’s 2200 Call
>> A 2 Year US Dollar chart
i bought UUP PUT September 18, Strike 24, cost 9 cents.
a fun fun trade, Now, it is "worth" "tiny" 21 cents, up more than 100%, LOL. it will not make a big kill, will not see big loss too. just keep my mind busy...
Tuesday, 04/21/15 07:08:53 PM
UUP PUT option is cheap, HeeeHeeHe..
RE: Yang
depends on the size of the position, may be not a bad idea to sell covered Call expire on 05/15, strike 6.0, in that way, you extend your stop sell limit and may gain another 5 or 6% Max. just my 2 cents. i am thinking too ,,,..
SPX check points as of 05/07
session high 2083.04, Ongoing
down side
second down wave (root 2120.95) moved longer than 1.0 (2072.62) slightly. 1.786 @2034.63, nearby major support 2031.14
resistance
(1) local wave
2080.44 (0.236)
2088.18 (0.382)(crosses up set intraday bullish)
Note:
use major wave, >2069.93 is bullish, in other words, in spite of the the recent softness, SPX is still in the long term bullish mode.
(2) major wave
2085.08
2079.76
for more comments see prior post.
sold TBT-(close out), sold YANG partially, added PDLI (EOM)
Shanghai-index down 1.82%, FTSE-China-50 down 1.26%, ongoing (EOM)
>> bubble blowers
She doesn't want, ends up sticking to the frying pan like her predecessor Bernanke. so she makes some “dry coughs” for the future usage of “En En,.. I told you”.
Ironically speaking, stock bubble is the “side product” of Fed’s easing policy, what you can do? Buy Buy Buy! (may be too late right now) Don’t be a self appointed juror so that you may save quite a lot energy. just my 2 cents.
Yellen cites 'potential dangers' in U.S. stock valuations
Tesla loses 36 cents vs expected loss of 50 cents
link
After Hours : 241.00 Up 10.57 (4.59%) 4:31PM ED
>> Hadik
The best way is to subscribe his service for overall picture. The time delayed Freeware does not cover the IF-THEN-ELSE story, thus why i always put "FYI FWIW" on top of the quote.
I am not his subscriber.
Aiyaaaa!!! decision time!
SPX session low 2067.93 ongoing
strategic & tactic
PG, HD, CVX are the only barely positive components for Mighty DOW30, ( Ongoing saga).
i guess:
Big guys are doing the strategic retreat, drip drip up, drip drip,... then KaBoo%$#! big flush.
MoMos are playing the "time proven" tactic game, Buy-On-Dips worked for so long, why not.
O.K, just my fantasy, "No warranty"
archive:
sold TBT partially, it up +1.68!
Wednesday, 04/29/15 10:46:19 AM
link
- TBT/TLT pair
The Mystery of China’s Gold-Stash May Soon Be Solved
FYI FWIW
U.S. Dollar: Evidence of Important Top (3)
down 1.28, WoW!!!
93.99 -1.28 -1.35% 14:38:41 GMT - Real-time CFD Data.
http://www.investing.com/quotes/us-dollar-index-historical-data
10-Year 2.21%, TBT UP-another-buck, +2.4%, ongoing <EOM>