Followers | 121 |
Posts | 24039 |
Boards Moderated | 0 |
Alias Born | 02/20/2003 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, May 11, 2008 6:56:50 AM
Real estate is cooking right now, so maybe all the sideline money will be buying real estate? I am now listing bank owned for Countrywide and most of the homes that are coming up are new homes built in the last 3 years. This is unheard of in the bank owned stuff. People who waited to buy are now being rewarded for their patience. Newer properties are getting multiple offers on them, so guess we will see what cycle we are in.
Technically in the markets we are above the 1380 huge support area, so on the daily you are correct. The least amount of risk for the long trade is at support with a stop on the other side. On the near term charts, we have sell signals on the Dow and SPX with a tradable short in the QQQQ, so hopefully you mean the QQQQ. I only short the weakest link which is the SPX right now using SDS. So I am short the SPX, Dow, and out of the trade on the QQQQ as I don't hold tradable anything overnight, even though with the influence of the other two indexes it would favor the short trade, too much whip-saw. If I get a sell signal on the QQQQ though, I am all in short. Then we have a possible 60 SPX pts to the downside to accumulate. If we get buy signals on the upside in all 3 indexes I am all in on the long side. I would note that on the daily charts the MACD has crossed over to the negative side on the SPX and is close to turning over on the QQQQ so watch the Mo factor. Basically I got a sell signal at the 1415 SPX and are still in the trade. Even though 1380 is a logical cover spot and greatest area of reversal, my signals are still on hold short, so that is noted, with stops moved to the buy signal. Basically closed half at 1384 SPX and holding the rest short. Will add to shorts or close long depending on Monday's move.....
Even though the site admin trades more, I am likely to make 2 trades a week.
Buy 'em when they are crying, sell them when they are yellin'
More charts
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID456385
Recent SPY News
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 05/30/2024 05:11:58 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 05/29/2024 07:34:56 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 05/28/2024 06:12:34 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/27/2024 09:08:56 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 01/29/2024 03:40:28 PM
- Form 485BPOS - Post-effective amendment [Rule 485(b)] • Edgar (US Regulatory) • 01/26/2024 09:50:00 PM
- S&P 500 Expected to Be Volatile This Week • Finscreener.org • 12/11/2023 10:21:00 AM
- MCD Stock: Is McDonald’s a Good Buy Right Now? • Finscreener.org • 12/11/2023 09:55:00 AM
- S&P 500 Index: Should You Expect a Santa Claus Rally In 2023? • Finscreener.org • 12/04/2023 10:15:00 AM
- Uber Stock Spikes On Its Inclusion in the S&P 500 Index • Finscreener.org • 12/04/2023 09:59:00 AM
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 11/29/2023 08:08:28 PM
- How Does ETF Investing Help Create Long-Term Wealth? • Finscreener.org • 11/27/2023 10:07:00 AM
- Can Tech Stocks Continue to Gain Pace This Week? • Finscreener.org • 11/20/2023 10:43:00 AM
- Will the S&P 500 Index Move Higher This Week? • Finscreener.org • 11/13/2023 09:54:00 AM
- Meta Stock Slumps Despite Beating Estimates • Finscreener.org • 10/26/2023 10:12:00 AM
- The S&P 500 Index Likely to Remain Volatile in Q4 of 2023 • Finscreener.org • 10/02/2023 09:23:00 AM
- Will the S&P 500 Gain Pace in the Final Week of September? • Finscreener.org • 09/29/2023 10:22:00 AM
- Will the Tech-Sell Off Continue This Week for the S&P 500? • Finscreener.org • 09/11/2023 09:46:00 AM
- Macro Indicators On Radar for S&P 500 Investors This Week • Finscreener.org • 09/04/2023 10:01:00 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/28/2023 08:33:01 PM
- Big Tech Earnings In Focus for S&P 500 and Investors? • Finscreener.org • 07/24/2023 10:41:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM