Wednesday, November 30, 2011
Tuesday, November 29, 2011
Monday, November 28, 2011
Afternoon Thread
It's all good in the 'hood. Market is holding gains so far.
Just be sure you are protecting your gains.
Friday, November 25, 2011
Thanksgiving Weekend Thread
![](http://3.bp.blogspot.com/-JQuF4-NivHY/Ts_ZQViMl-I/AAAAAAAAAAc/PFr4wxvofFY/s320/boredcat.jpeg)
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
![](http://1.bp.blogspot.com/-ccnS8VMBCd4/Ts10zSfETjI/AAAAAAAAAAQ/KHnRhTba6sY/s320/FurtiveTurkey.jpg)
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.
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
Afternoon Thread
Remember the Rolaids commercial that talked about the drip, drip, drip of stomach acid? This market reminds of that.
Monday, November 21, 2011
Sunday, November 20, 2011
Friday, November 18, 2011
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 ....
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.
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.
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
http://tinyurl.com/7r7mpcs
Tuesday, November 15, 2011
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
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
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
Thursday, November 10, 2011
Wednesday, November 9, 2011
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
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
|