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Because if you don't know why, then I, along with most others would be wasting our time reading your posts.
Keep an eye on that inverse H & S on the USD that is in it's final stages of development....
I hope that you read my post #1145 from 3/17. If you did and acted on it you would be a happy camper.
Hope all have a position in crude. Crap is eventually going to hit the proverbial fan. GLTY
As for TBT (and to some extent TYO), here is what Nenner is thinking;
http://www.zerohedge.com/article/charles-nenner-technical-analyst-stars-gives-2011-forecast
Keep an eye on TBT. JMHO
Real conundrum. One side of Bernanke's face implys that he would like to see short term interest rates (10 yr) at 2%. The other side says to reinflate the economy. I, personally don't see how he can do both at the same time. The QE2 is expected to key on the short term bonds/notes (2-10yr). Thoughts?
This is a riot! Watch this video!
2 thumbs up....LOL
The rates now are a result of debasing the dollar. With the FED and their klownbux, they could easily run the yield down as a result of QE2. Helps with the foreclosure problem as they/the banks/the taxpayers could then redo the questionable mortgages for less.
What if the FEDs target the 10 yr yield?
http://blogs.marketwatch.com/marketjunkie/2010/10/12/fed-may-target-easing-until-10-year-yield-hit-2/
I agree. Markets about to roll over. Wait thru Monday to see what Bernanke has in store. Is he going to do a QE2?
If anyone still listens to Moe Ansari, listen to yesterdays show with Arch Crawford. Really scary for the markets.
I would say it could go up do to nothing more than a test of resistance (which used to be support). JMHO
I took the chance and bought TNA at 34.52 today. The 64 dollar question is what are the employment numbers going to look like tomorrow? I was reading someones post the other day who was a census employee. He said that he hadn't counted any heads in a while but was kept on the payroll. Is this another attempt by Oblome to make the employment numbers look good by not having to layoff too many census workers in the Q2?
Try SPXU, a 3X short on the S&P. Wait for a possible run to 1140 area before considering it. JHMO
Everyone and his brother has been predicting that to happen. Wonder if it will happen as it is on everyone's mind. I think that it eventually will happen; the question is when and what are the support and resistance areas?
McClellan has a top (no big deal type) occurring around/by the 6/5 area.
Why should it? The Euro may become defunct. So all those economics experts (Chavez, Ahmadinejad et al) who have been calling for commodities to be priced in Euros will make a fortune? The Euro IS in trouble! Watch it play out....
Look at these charts. This should give you plenty to do.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808
Don't the markets still have "circuit breakers"? Maybe that's why they bounced like they did.
The big banks are reporting great profits. Where are their profits coming from? Trading in the market of course. We all know that it will not go on forever and the liquidity is about to run out.
What worries me about TZA is that some of these ETFs have a habit of doing reverse splits on them so watch out.
Proshares DOG is a 2X short of the DOW. I'm sure that there are others.
Nice post and link.
Regardless of the cycles April is generally a good month for the market. I agree with MRVLReader in that May is probably when to go away. McClellan is calling for a bottom in the market and gold towards the 20th area. Kinda falls into line (McClellan has been wrong before as anyone well knows). Being that tomorrow is options expiry anything can happen. JMHO
GOOG reports after the bell. It's one of those stocks that no matter what their earnings are, they will not satisfy. It could be the beginning of the end....
I am short but hedged at the moment. Looking to "unhedge" whenever the market corrects next time.
Keep in mind that the last two "minor corrections" in the market happened during earnings release season which is just starting. Most prices are already built in and will end up selling the news. JMHO
Nice post MRVLReader. I sent it on to others. I hope that you don't mind.
This has been predicted for god knows how long. The best I see in the short term is a quick pull back by the 30th. You may finally be right in the long term.
According to McClellan, the liquidity that was "given" to the banks was put in the market (not news there). However, the liquidity usually runs for just 13 1/2 months which means that the market should peter out within 6 weeks.
What's happening today is and has been expected. The market most likely will retrace an equal high or lower high....then take a major shit. Stimulus money has been used up (pretty much). McClellan is expecting a dump in May and he is the optimist.
sorry, don't see the need for another board. Bye
Even I think that Moe has no clue (as if anybody did). We will be range bound. When we all figure out what that range is, we will do well. JMHO
even Moe is getting nervous in that he is now believing that a lot of the money that was on the sideline is now getting back in. I wonder if he still believes that they will get their asses handed to them in the event that the market tanks again.
everything I am hearing now is calling for a market top around 7/15. Let's see how this one progresses
does this dude Peter Elidias have a daily radio show like Moe?
funny you should mention it. This article came out today. Look at where the money is flowing....
http://finance.yahoo.com/news/Investors-Pour-17-Billion-indexuniverse-15442042.html?sec=topStories&pos=7&asset=&ccode=
If you've been listening to Moe, he is calling for a range on the S&P of between 600 and 1000 for the foreseeable future. I wonder what he said on today's show after today's action as he still thinks that we are still in a wave 3.
You don't seem to get it. McClellan is is just ONE tool, not the only tool. I do my own DD thank you. I also make my own mistakes.
Anybody listen to Moe Ansari today? If so, could you give a quick synopsis? TIA