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, January 25, 2009 7:54:39 AM
We closed the day on a tradable long across the board, but as I have said many times, tradable longs are risky to hold overnight. The three indexes are in-sync, with the QQQQ being the strongest index to trade Long and the Dow being the weakest index to trade Long. As always AAPL will be what determines the upside movement from here for the Q's along with Biotechs. As you stated earlier, AAPL's 50 day MA and resistance is at the 90 dollar level, so if we close above that area we should see more upside in AAPL and the Q's. With all the news out on Google and Apple, price action of these two stocks will be the road signs of direction. The follow through day is Monday according to IBD, so those followers will be watching to see if we rally above the recent 8250 point move in the Dow that was established last week, a break of that up and that would be considered bullish and would bring in the buyers. That pretty much lines up with my hold long signal, so that should be watched for on the Monday afternoon rampo.
This week we will see the effect of TOM and some TOQ for some stocks, so my guess is more consolidation Monday and then we will see where the buy points are for a end of month ramp. Since the 2nd through the 8th is the worst times to own stocks, at that point we will probably consolidate more setting up for the Turn date time of Jan 9th at 2:45 p.m. which should be the start of a 5 month rally if the voo doo stuff works. Even though I don't believe in voo doo, enough do so this should be observed. My trading style is not to trade the dates of TOM or Voo doo but to see where my indicators lie on those dates. So overall, the market is saying scalp trades, don't hold long or short positions and wait for moving averages to catch up if you are going to hold long any index position. Good luck.
QQQQ - closed on a buy signal - tradable long above 28.70
Hold long above the 29.25 Hold short below 28.70 QQQQ
SPX - closed on a buy signal - tradable long above 825 SPX
Hold long above the 850 SPX Hold short below 820 SPX
Dow - closed on a buy signal - tradable long above 8050 Dow
Hold long above the 8300 Dow mark. Hold short below 8000 Dow
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
Maybacks Global Entertainment and ZEASN Technology Private Ltd. Sign Global Licensing Agreement • AHRO • Aug 8, 2024 7:00 AM
SANUWAVE Will Host a Conference Call on August 13, 2024 at 8:30 AM (ET) to Present Q2 Financial Results • SNWV • Aug 8, 2024 6:59 AM
Kona Gold Beverage Inc. Signs Letter of Intent with Bemax, Inc. to Sell Kona Gold, LLC • BMXC • Aug 7, 2024 10:00 AM
Btab Ecommerce Group, Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • BBTT • Aug 7, 2024 9:00 AM
Hydromer, Inc. Announces Preliminary Unaudited Second Quarter 2024 Financial Results and Provides Business Update • HYDI • Aug 7, 2024 8:52 AM
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM