Wednesday, November 30, 2011

Evening Thread

Afternoon Thread

I'm 95% cash ...



Morning Thread

China provides the surprise du jour
Reserve requirements reduced.


Tuesday, November 29, 2011

Evening Thread

Afternoon Thread

Bye Bye, Barney!!!
Now, all you bankers ...... listen up.  I'm doin' the tellin' around here.

It's A Gnu Day


You can charge ahead or wait for the herd, it is your choice.

Monday, November 28, 2011

Evening Thread

Touch my bone and lose your arm.

Afternoon Thread

It's all good in the 'hood. Market is holding gains so far.
  Just be sure you are protecting your gains.

Morning Thread

Has anything REALLY changed?  Don't forget this pattern.

Friday, November 25, 2011

Thanksgiving Weekend Thread

We were unchanged for the day, except of course for the stocks that you personally held and tracked.

This weekend is traditionally slow, but in 2011 is more attuned to reports from Europe than usual. News from Asia, though not expected, could roil us further. Meanwhile we can digest what we have and hope that we get a bit of rest for the next 3 days.

Black Friday Morning Thread

I should have gotten to WalMart earlier ...


(If this is offensive to anyone, I will edit upon request.)

Wednesday, November 23, 2011

Happy Thankgiving


We give thanks for what we have, and to those who have given so much that we are at liberty to express our freedom by gathering peacefully with our family and friends.

Afternoon Thread

Just wanted to something green on the screen ...

Morning Thread

Bonds? Bonds? We don't want no stinkin' bonds.





The German  bund auction did not go well.  http://tinyurl.com/7efxh74

Tuesday, November 22, 2011

Evening Thread


Afternoon Thread

Remember the Rolaids commercial that talked about the drip, drip, drip of stomach acid?  This market reminds of that.  

Morning Thread


Remember when the U.S. market was dependent on U.S. news???

Monday, November 21, 2011

Evening Thread


Thankfully it's a short week.

Afternoon Thread


So much for that 50 day Simple Moving Average

Morning Thread


Eeeeeeeeeeeeehhhhhhhh!!!!!!!!!!!!!

Sunday, November 20, 2011

Sunday Thread

Here is a "clean slate" for your morning after posts. 

Friday, November 18, 2011

Weekend Thread


This just about sums up my week ...

Afternoon Thread

All in all a pretty calm morning.  After the opening pop which was quickly faded the SPY settled into a range (121.90-122.50) with 1 move to the downside followed by 1 to the upside and as of 11:30 it's back in the range.  With options expiry today the afternoon and particularly the close could see some increased volatility.

Morning Thread

If you subscrive to the 3 day rule .... this is day 3.  If you don't .... well then it's the first day of the rest of your life.  Make it a good one.

Thursday, November 17, 2011

Evening Thread

Another nasty day for the longs (like me) and it really doesn't look any better for tomorrow.  We have definitely broken out to the downside of that triangle and 1200 is not far below.  A bit of support should show in the 1205-1208 area (we hit 1209.43 today) but the bears have been powerful for the last two days.  If not for some last minute (and I do mean the very last minute on the 1 minute chart) it would look even worse.

Volume was a bit higher (SP-500) today than yesterday and the green candles over the last week are shorter than the red ones.  Looks like distribution to me ...

There was no market moving good news of (insert country here) being saved by the ECB and our super committee does not seem to be making much progress.  With things looking so dark and with some lousy earnings from CRM it looks bleak.  Maybe just bleak enough to catch folks leaning the wrong way ....

Afternoon Thread

The morning action was really not too bad.  Yes we are down a little but S1 level held for the SP-500 and volume was actually a bit ahead of yesterday (if I read Rev's bar chart correctly.)

Now that Europe is closed we are on our own.  Is that good or bad?  I think good but we shall see.

Morning Thread

Markets are again under pressure after disappointing bond auctions for Spain and France.  The US 10 year treasury note is challenging its all-time high in pre-market trading.  Asian stocks were slightly higher but India was down over 3%.  Gold and crude oil are down modestly but prices are likely to be volatile.

The SP-500 is at a critcal point (my opinion) as it is threatening to break downward from the symmetrical triangle it has formed.  Depending on your chart view and trend line choice you could argue that it fell out with yesterday's late day sell off.

For an excellent read of the overnight action see southern4's post on yesterday's evening thread.

Wednesday, November 16, 2011

Evening Thread

Let's hear it for the ratings agencies!!!!  Such insight!!! Blinding flash of the obvious.

Afternoon Thread

We continue in the symmetrical triangle.  Getting a little farther toward the potential apex than I am comfortable with.  There is a nice chart and discussion of this development here.

http://tinyurl.com/7r7mpcs

Morning Thread



Is anyone else tired of being jerked around by Europe?

Tuesday, November 15, 2011

Evening Thread

Afternoon Thread

Turnaround Tuesday - Well .... maybe it will happen before the close.





The VXX 30 minute chart does not look good for longs.


Morning Thread



The market is plumbing for support.  The table above provides daily support levels and fibonacci numbers.  Of course there are no guarantees that any of the indicated levels will provide support but these are areas that technical traders will watch for a change in character.

Monday, November 14, 2011

Afternoon Thread

Morning Thread

Only 40 days 'til Christmas ....

Rev's Stock Of The Week may be familiar to some of you.  It can be found here.

http://tinyurl.com/c5jkcaz

Friday, November 11, 2011

Weekend thread

Goodbye to the first week of November, and a good weekend to all.

Afternoon Thread


Veterans, thank you for your service.
Friday Morning Thread

Freedom isn't free.  Thank a veteran today.

Thursday, November 10, 2011

Evening thread

Thursday morning

Red leaves dapple green grass
Markets copy nature's hues:
Which colors today?

Wednesday, November 9, 2011

Evening thread

Let us carry on until the dawn, wherever it is that you wake tomorrow

Naptime thread

Morning thread

Another news-packed day looks as though it will have many variations on the question: Will He Or Won't He?

Tuesday, November 8, 2011

Tuesday evening thread

Time to wrap up for the day, gathering ourselves from the fray and anticipating tomorrow's open.

Tuesday morning thread

Futures are indicating a higher cash open to US equity markets and the news is no worse than usual. Time for a new duscussion!

Monday, November 7, 2011

Evening thread

Noontime thread

Morning thread

Weekly Pivots (Futures)

S&P
NAZ
RUSS

High
1,280.75
2,398.00
758.90
High
Low
1,208.50
2,279.00
706.20
Low
Close
1,251.00
2,351.00
744.70
Close
R3
1,357.25
2,525.33
819.70
R3
R2
1,319.00
2,461.67
789.30
R2
R1
1,285.00
2,406.33
767.00
R1
Pivot
1,246.75
2,342.67
736.60
Pivot
S1
1,212.75
2,287.33
714.30
S1
S2
1,174.50
2,223.67
683.90
S2
S3
1,140.50
2,168.33
661.60
S3

Sunday, November 6, 2011

Friday, November 4, 2011

Evening thread

Noontime thread

Markets are holding their opening values and small caps are as frisky as ever.

Morning thread

Thursday, November 3, 2011

Wednesday, November 2, 2011

Tuesday, November 1, 2011

Rydex data including today's action

Sentimentrader.com Rydex Bull Flow Indicator

Sentimentrader.com Rydex Bear Flow Indicator

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