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imiloa, is your IHUB handle named from the Imiloa Astronomy Center in Hilo, Hawai'i, in Hilo? Been to the big island back in 80s during Dec/Jan and of course during heavy rain period but still beautiful hiking in Hilo, as well as drier climate on Kona side.
Ok, after looking at your profile I see you reside in Oahu. Have been there a few times on work business, and enjoyed watching a north shore pipeline surf competition in Feb 2001. Cool and beautifully large curling waves for sure!
I am starting to understand this casino trading pattern imiloa.....and hope to profit from it, as well as being more careful going forward with long entry.
With earning season coming to a close, BOJ adding negative rate easing, Draghi saying he will ease further, China doing only what China can do, and US having slightly weaker Q4 GDP putting a muzzle on Fed, we should be in good shape for a further rebound.
I remember hearing someone on bloomberg or CNBC saying the smarter time to go short is at around SPY 207. That's when I would certainly plan to exit the long stage and take cover..or earlier as necessary.
lol or even the "Obama hash crash" as he merrily dances down the Yellen Brick Road drafting his fictitious legacy. Sorry....been drinking too much red wine tonight.
Thanks imiloa for adding those points, as it may allow me to actually exit with some green before the red tide shows up again. I do remember someone on this board last fall saying to watch out for April 2016 crash. Good trading and have a nice weekend.
Thanks risk on for your TA thoughts on that chart. Will keep my eye on SPY like a hawk to push my eject button when the time looks right!
Great graph! So will the Robots respect this near miss (failure) or will they just ram through it on Monday, Feb 1 and not follow the 2001 and 2008 20 year Monthly w 9 EMA failures which lead to bear markets? I am now wondering if the vast volume of liquidity we have circulating in today's world markets may now overtake how TA has operated in the past? Guess we'll find out soon, eh? GL!
Well Schwab has it marked at 193.87 at 4:00 pm; where are you getting your closing numbers from for SPY?
Wow, closed at HOD 193.87......almost pinned 194!
I understand what you are saying, and also believe SPY won't go much higher today after already up 1.6+%. That's hard to do, even given today's news. I think it will take some time into upcoming weeks......
You forgot the third option, intraday consolidation to mess with traders' minds before a jump higher or lower.
Thanks risk on. Good to know. Will keep that in mind as I try and decide with to roll my retirement funds back into safety. May end up taking just a 3% haircut off my 8% gains from last year, but I can live with that! It would be too greedy to think SPY can manage an even further move up to 200 based on all the global cross currents going on, and your TA indicators for monthly T line ending in Jan. But then again, there was October to confuse my cautious sensibilities! lol
Yep, indeed on oil influence. Also weak Q4 GDP may have taken the Yellen rate rise fears off the table as well for a long while. Bad news (weak GDP) is good news for risk on!
risk on, what is your estimate of where SPY price for weekly touch of the 9 EMA occur? Thanks as always!
Congrats on yesterday's intraday! It was like a Coney Island roller coaster! I think today will be different....more of a grind higher, and I now see we are already at 0.7%+ so a faster grind at the moment!
I think you are right, but it has been a hell of a tug-of-war between movement up and down.........wonderful intra-day trading due to volatility for those who are skilled in that art! I feel like today there will be a slow grind higher for up to 1% gain at the close, at most.
Thanks db. And the BoJ policy change on interest rates (now shocking move to negative} was my earlier post in the week for a potential Friday morning rally! Most business articles say there wouldn't even be a policy move to ease by BoJ, let alone to slightly negative! Seems OPEC oil meeting whispers from Russia was enough to firm up crude and keep shorts on a short lease too for the moment.
Interesting. That could create a floor for oil until further details are released, as well as supports equity markets. Appears to have been the reason for recent rally in stocks and oil past 20 min.
Indeed those three, and possibly a fourth elephant that could influence Friday's trade. The Bank of Japan meeting and any decision to indicate further easing, but it appears to be a tough call if BoJ will use one of their last arrows at this stage to support a stronger Yen.
http://blogs.barrons.com/asiastocks/2016/01/25/close-call-will-bank-of-japan-ease-further/
Japanese Stocks Jump Most in Four Months Amid Stimulus Signals
http://www.bloomberg.com/news/articles/2016-01-22/japan-stocks-rise-as-investors-weigh-bargains-stimulus-signals
Looks like some more juice to potentially fuel the SPY reversal. SPY up 0.63% on the futures.
just heard oil buildup was 3.9 mil barrels, maybe a million+ above estimates in the 2's. SPY initially went down to .5% and now at 1%. Looks like your thoughts were spot on!
Indeed, as to the TOP of the alabaster that use to cover those pyramids in Giza shown in your profile pic! I was there via camels with guide Mohammed, and my family, 7 years ago...and well Mohammed picked up some shiny alabaster pieces in the sand at the base of those pyramids and handed it to us. Fall out from years of Cairo air pollution, I'm sure. And which I believe are kept in a special pouch in our home........... Shhhhhhhhh!
Good info to know BET. That daily volume info compared to avg. is very useful and may indicate a near term bottom as you mention. At a minimum it shows strong interest in funds wanting to put some money to work.
LMAO LLL on your consent form post finish! Cheers!
Thanks for confirming what you see on stock chartist for Aug 24 intraday low at 182.4 as my Schwab chart shows. Then today's intraday low of 180.02 may have taken care of the dirty flush job to confirm a bottom for now, and reversal upward. time to fill some gaps, in a way that is fulfilling for us in long positions!
Thank you USDollar. by the way, my schwab account on chart for SPY has intraday low for SPY on Aug 24 as 182.40. So that was my reference point, so it is different from the 180.38 on stockcharts. Wonder which one is the best? Thanks again and good fortune to you.
USDollar, from your earlier post did you mean that if would be more bullish if SPY does the flush (like it did today) below Aug intraday low (182s) but then doesn't close above the Aug 25 close of 187.27? We're at 187.19 and wavering around at the moment. Seems like it was attracted to 187.27 zone.
Anyone follow Mary Ann Bartels of Merrill Lynch Wealth Management?
She was just on bloomberg and said that the market is going through a cyclical bear market, in a long term bull market in its early stages.
That the S&P could correct another 10% or so to ~1600, and that would create the buying opportunity of a lifetime. I believe she did say current levels are very attractive too for long term investors.
Mentioned something like a long term 3200 target in S&P in current early stage secular bull. Makes me feel a little better after putting retirement back in at 2000. I would be doing more happily today, but gained 8% last year, so my buffer just got consumed by this correction.
closer to today's bottom? If so you may be right!
Paul, are you saying back up the Mac truck next week for SPY?
I still remember back in 2003 when MacDonalds was being whipped and dropped to around $15, but had a great dividend and I knew it would come back from its issues, and mentioned it to my father (who was more tech) and he said I really don't follow food stocks (I didn't have $$ at that time).
Well, that pick would have gone from $15 to $115 today and pay out a $3.56 dividend annually, or 23.7% on your original holding, which is also up 6 fold! Dang! That's a long term investors dream!
Indeed they did know, as Obi's style of leadership imho appears more akin to Bozzo the Clown! Makes me sick and sad for how inept he's been at not leading our nation's future on key issues. Economy and Defense (international leadership) to name two.
No no, I don't give a flip about your grammar, but that I enjoyed your clever alliteration "the filling of the gap becomes self fulfilling" And I hope so for the gaps down too!
'risk on' great quote of the day!
the filling of the gap becomes self fulfilling it seems
Then its time to fill some DOWN gaps at 195+-whatever and above 200 too!
NFLX up 8%+ afterhours from decent earnings.
Correct, China GDP 6.8, just a tad off expected 6.9%, and auto sales were hot, just like the US. Should settle the world markets on Tuesday and possibly a nice rebound off of OS and beyond.
I hope so risk on that the 204 gap will fill or get close, as I'd like to exit some premature retirement entry back into SPY and a few other indexes after that gap in the New Year! Then I can breath a sigh of relieve and better evaluate the unfolding of 2016 without my head in SPY's bear hand!
Ok, thanks. Do you know if ENZR is providing any additional bulk samples to potential off-take partners?
Maser, I looked at both 13Gs, and collectively they own around 22% of the company. So between them and Energizer company officers owning shares, that should tie up at least 30% of the stock, right?
I agree Riverrock on your points. Hope that ENZR management is able to craft the right deal with top users of high quality graphite. Looks like someone is supporting the bid on the stock. Staying patient and cautiously optimistic.
Looks like you were right so far, as SPY pushing up good now. So this would be the third test into the mid-180's of SPY. First in Aug (182 low) then late Sept (186) and today Jan (185). Is this the triple bottom or something worse? We'll see what China says over the weekend, if they say anything.