|
Post by ukarlewitz on Jul 5, 2010 15:15:38 GMT -5
Nymo and nysi are both in decline, but neither is in 'oversold' territory. This is negative for equities as it shows deteriorating market breadth. However, and this is key, both may be forming higher lows and creating a negative divergence with equity prices. Market bottoms are most often characterized by just such a divergence. We need to see both move higher to confirm a higher low.
Vix is now in an uptrend. The 200dma is rising. A break below 25 is need to establish a lower high and break the uptrend. Negative for equities. (Note Cobra's comment on Vix leading equities, below).
On the positive side, the DX and the Euro have both broken their 50dmas for the first time since April. Moreover, GLD has weakened below its 50dma. And TLT has formed a bearish evening star candle formation. These might be early indicators that the risk-aversion trade is weakening.
Bulkowski - On 7/1 I'm dropping the target to an even 1000, round number support. That matches a congestion region in August 2009.
Bespoke - 1. The Dow is currently riding a 7-day losing streak, so it should be due for some gains, right? Not exactly. Over the last 50 years, the Dow has gone higher on day 8 following 7-day losing streaks just over half the time (53%) with an average gain of just 0.01%. In the week after 7-day losing streaks, the returns have been noticeably negative, with an average change of -0.29% (median -0.92%) and gains just 31% of the time. So instead of getting a bounce after 7 straight days of losses, the market has typically continued even lower.
2. The percentage of stocks in the S&P 500 now trading above their 50-day moving averages is down to 4%. At the March 2009 lows, the reading only got down to 5%, so that gives investors a good idea of just how extreme this decline has gotten.
3. Global equity markets have been routed in recent weeks, but nobody told India. China's Shanghai Composite is down 31% since last August and deep into bear market territory. The S&P 500 is down 16% from its April 23rd closing high and 8.5% over the last ten trading days. India? Its Sensex index is just 2.23% off of its bull market high and down just two basis points year to date. Over the last year or so, India has really been the place to be.
Cobra - Short term bullish for four reasons: 1. 10Y T-Bill Yield, Morning Star, looks bullish, therefore TNX could rebound which means SPX will rebound as we. 2. NYADV MA(10) oversold worked great recently plus ChiOsc is a little bit too low. 3. Vix leads SPy, and Vix has started to decline. 4. Buy at SPY’s 5th down day close, hold until the first green day (please don’t forget the max draw down could go as high as 4%, which is very scary), the winning rate was 100% (21 out of 21) since year 2000.
Murphy - Gold ETF (GLD) and Silver (SLV) falling an average of 4% today on very heavy volume. Both commodity ETFs also broke their 50-day lines. The 14-day RSI for GLD falling below the 50 level for the first time in three months. That's obviously not good chart action. Part of the reason for selling precious metals may have been a similar breakdown in the U.S. Dollar (and a sharp rally in the Euro). Dollar ETF (UUP) falling below its 50-day line for the first time since April (on rising volume).
Caldaro - 1. The 4 year presidential cycle typically bottoms in July or October of that year. These cycles can be consistently traced back as far as 1934. Many significant lows have occurred during this bottoming phase: 1942, 1974, 1982, 1990, 1998 and 2002. The 2006 low was also quite noticeable during the last 2002-2007 bull market. The type of cycle low we are expecting this time is a multi-month correction where the market declines about 20%. Currently Primary wave II just entered its third month of the Apr-July correction and the market has already declined 17.1%, (1220-1011). The 20% threshold will be reached at SPX 976, and this is close to our next support area at the 944 pivot. The way this market is moving now we could see a correction low this month. 2. This decline, while it does not look quite complete yet, should end Intermediate wave A of Major wave C. After it ends, probably with a retest of the 1007 pivot, we should get another one of those 80 point rallies for Intermediate wave B. Then another decline should follow, probably about 130 points, into the final low near the OEW 944 pivot. Many technical indicators we follow are already quite oversold after the recent decline. This usually suggests a short term bottom is just day(s) away.
|
|
|
Post by ukarlewitz on Jul 5, 2010 16:01:26 GMT -5
Alphatrends - SPX down 9 days in a row to its 38% retracement of the entire bull run. It could bounce here, perhaps to 109 or so, and then continue down to its 50% retracement (950). The Qs and Xlf have further downside to reach their 38% retrace targets (41 and 12.8, respectively). But there is no reason to go long here, with all key MAs declining. He's also neutral to bearish Gld/Gdx, with the 5dma now declining (note: very small decline in that so far). It looks like a possible completed 5 wave up move. Tickerville - want to get bearish everything, including gold, here's your man. He thinks the stink is just starting. www.tickerville.com/index.php/site/comments/prepare_for_fireworks/Spy - The 200dma is now declining for the first time since going positive during this bull run.
|
|
|
Post by merrillstanley on Jul 5, 2010 17:30:27 GMT -5
<ssshhhhhhh> Greetings from Michigan Mrs. Merill is taking a siesta Had a great 4th and hope you all did too Taste of Chicago <yum> Fireworks <Oh my!> Headed north to vaca home, caught fire works again <Oh my!> Damn near ran the car off the road somewhere in Missouri when I received a text that I was stopped out on my lovely FAS play...somewhere to the tune of $20k to the negative <Oh my!> This has become one expensive vacation. All cash in d/t account...call me when there is a bottom??? I many not check back in as I don't want to ruin this vacation anymore with investment news. Apparently the Germans are disciplined for a younger bunch...but Netherlands wins because Spain/Gerry match-up tires both teams out... Believe it or not, the only wi-fi connection I get up here is at the local McDonald's...<Oh my!> Sipping the last bit of my caffine infusion... Weather's beautiful in Northern Michigan...economy is really really really f'd up here... Going to lay low for a bit, then take the boat up to Mackinac Island <Oh my!> Yes, they make excellent fudge up there...<yum>
|
|
|
Post by ukarlewitz on Jul 5, 2010 19:36:48 GMT -5
Barrons: - Oppenheimer strategist Brian Belski recently noted that the gap between the earnings yield on the S&P 500—earnings divided by the index's value—of 8% is five percentage points above the 3% yield on the 10-year Treasury note. Belski's research shows that, historically, when the gap has been this wide, the average one-year return on the S&P has been 26.7%. The last time the gap was so wide was in the late 1970s. - Barron's has written favorably about many of the companies on our list, including market-leader Exxon, which now trades at a price below where it stood at the market bottom last year. The banks on the list, JPMorgan (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC), are expected to show sharp gains in 2011 profits, largely because of declining provisions for loan losses. JPMorgan and Bank of America trade below their book value, and JPMorgan gets little credit in the stock market for what is arguably the ndustry's best management team. - Thirteen of the top 25 companies in the Standard & Poor's 500 now trade at or below 10 times estimated 2011 profits, including ExxonMobil (ticker: XOM), Microsoft (MSFT), Intel (INTC) , Merck (MRK), IBM (IBM) and Hewlett-Packard (HPQ). They're listed in the table. Other companies in the 25 come close to making the cut, including Oracle (ORCL), Wal-Mart Stores (WMT), Johnson & Johnson (JNJ), General Electric (GE) and Cisco Systems (CSCO). They are priced at about 11 times projected 2011 earnings. All 25 look reasonably priced, with good upside potential and little downside. Even Apple (AAPL), with a 2011 P/E of 15, based on its fiscal year ending in September 2011, doesn't look expensive given its high growth and a wad of cash equal to about 20% of its market value.
|
|
|
Post by kryptos2009 on Jul 6, 2010 2:51:30 GMT -5
Here is the PP Daily Thread (PPDT) data. XLF PP=13.58 MP=13.66 R1=13.74 MP=13.86 R2=13.97 MP=14.16 R3=14.36 MP=14.55 R4=14.75 MP=13.47 S1=13.35 MP=13.27 S2=13.19 MP=12.99 S3=12.80 MP=12.60 S4=12.41 O=13.78 H=13.8 L=13.41 C=13.52 FAS PP=18.36 MP=18.68 R1=19.00 MP=19.42 R2=19.83 MP=20.56 R3=21.30 MP=22.03 R4=22.77 MP=17.95 S1=17.53 MP=17.21 S2=16.89 MP=16.15 S3=15.42 MP=14.68 S4=13.95 O=19.12 H=19.18 L=17.71 C=18.18 FAZ PP=18.13 MP=18.53 R1=18.92 MP=19.23 R2=19.53 MP=20.23 R3=20.93 MP=21.63 R4=22.33 MP=17.83 S1=17.52 MP=17.13 S2=16.73 MP=16.03 S3=15.33 MP=14.63 S4=13.93 O=17.42 H=18.74 L=17.34 C=18.31 SPY PP=102.41 MP=102.81 R1=103.21 MP=103.71 R2=104.21 MP=105.11 R3=106.01 MP=106.91 R4=107.81 MP=101.91 S1=101.41 MP=101.01 S2=100.61 MP=99.71 S3=98.81 MP=97.91 S4=97.01 O=103.11 H=103.42 L=101.62 C=102.2 SPG PP=79.96 MP=80.60 R1=81.23 MP=82.30 R2=83.37 MP=85.08 R3=86.78 MP=88.49 R4=90.19 MP=78.89 S1=77.82 MP=77.19 S2=76.55 MP=74.85 S3=73.14 MP=71.44 S4=69.73 O=81.63 H=82.11 L=78.7 C=79.08 GS PP=131.05 MP=131.73 R1=132.41 MP=133.08 R2=133.74 MP=135.09 R3=136.43 MP=137.78 R4=139.12 MP=130.39 S1=129.72 MP=129.04 S2=128.36 MP=127.02 S3=125.67 MP=124.33 S4=122.98 O=132.11 H=132.38 L=129.69 C=131.08 JPM PP=35.95 MP=36.26 R1=36.57 MP=36.94 R2=37.30 MP=37.98 R3=38.65 MP=39.33 R4=40.00 MP=35.59 S1=35.22 MP=34.91 S2=34.60 MP=33.93 S3=33.25 MP=32.58 S4=31.90 O=36.31 H=36.69 L=35.34 C=35.83 MS PP=22.94 MP=23.09 R1=23.23 MP=23.44 R2=23.64 MP=23.99 R3=24.34 MP=24.69 R4=25.04 MP=22.74 S1=22.53 MP=22.39 S2=22.24 MP=21.89 S3=21.54 MP=21.19 S4=20.84 O=23.31 H=23.34 L=22.64 C=22.83 C PP=3.80 MP=3.84 R1=3.88 MP=3.93 R2=3.98 MP=4.07 R3=4.16 MP=4.25 R4=4.34 MP=3.75 S1=3.70 MP=3.66 S2=3.62 MP=3.53 S3=3.44 MP=3.35 S4=3.26 O=3.82 H=3.89 L=3.71 C=3.79 VIX PP=30.45 MP=31.00 R1=31.55 MP=32.27 R2=32.98 MP=34.25 R3=35.51 MP=36.78 R4=38.04 MP=29.74 S1=29.02 MP=28.47 S2=27.92 MP=26.66 S3=25.39 MP=24.13 S4=22.86 O=31.71 H=31.88 L=29.35 C=30.12 UUP PP=24.56 MP=24.59 R1=24.62 MP=24.65 R2=24.67 MP=24.73 R3=24.78 MP=24.84 R4=24.89 MP=24.54 S1=24.51 MP=24.48 S2=24.45 MP=24.40 S3=24.34 MP=24.29 S4=24.23 O=24.52 H=24.61 L=24.5 C=24.57 FROM: www.econoday.comEconomic Events & Analysis - 7/06/2010 Tuesday10:00 AM ET ISM Non-Mfg Index Released on 7/6/2010 10:00:00 AM For Jun, 2010 Prior Consensus Consensus Range Composite Index - Level 55.4 55.0 53.5 to 56.0 Market Consensus Before Announcement The composite index from the ISM non-manufacturing survey in May continued well into positive territory, coming in at a very solid 55.4 for the third month in a row and indicating a moderate rate of growth. Employment finally crossed above the breakeven point of 50 for the first time this recovery, but just barely at 50.4 for a 9 tenths gain. The 50.4 indicates, based on this report's methodology, a net gain in hiring. We could see another gain in the composite in June as the May new orders index posted at a healthy 57.1. This is down from 58.2 in April and the recent high of 62.3 in March but is still quite positive, indicating net growth. More recently, the Chicago PMI remained strong in June but showed signs of deceleration, coming in at 59.1, compared to 59.7 in May. The Chicago PMI is somewhat related to the ISM non-manufacturing index since it covers both non-manufacturing and manufacturing. 11:00 AM ET 4-Week Bill Announcement 11:30 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction NOTE: The previous days OHLC data for todays PPDT was gathered from finance.yahoo.com for each individual stock by a series of webquerys built into a spreadsheet. The formulas used by the www.mypivots.com website to create the Pivot Points were found in the sites help files. The formulas were built into the spreadsheet which acts on the previous days OHLC data gathered from Yahoo. The Pivot Points were created using the formulas from www.mypivots.com but NOT by using the site. Please let me know if you find any errors in the data. Use of this data is at your own risk.
|
|
|
Post by ask2lern on Jul 6, 2010 6:38:59 GMT -5
Morning Gang..............................here are the pivots...........
Gold
R4 1224.97 mid point 1222.22 R3 1219.47 Mid Point 1216.72 R2 1213.97 Mid Point 1212.95 R1 1211.93
PP 1208.47
midpoint 1207.45 S1 1206.43 midpoint 1204.70 S2 1202.97 midpoint 1200.22 S3 1197.47 midpoint 1194.72 S4 1191.97
Silver
R4 18.07 midpoint 18.03 R3 17.98 midpoint 17.94 R2 17.89 midpoint 17.88 R1 17.86 midpoint 17.83 PP 17.80 midpoint 17.79 S1 17.77 midpoint 17.74 S2 17.71 midpoint 17.67 S3 17.62 midpoint 17.58 S4 15.53
IWM
R3 62.13 R2 61.51 R1 60.66 PP 60.04 S1 59.19 S2 58.57 S3 57.72
TNA
R4 47.33 midpoint 45.31 R3 43.28 midpoint 41.26 R2 39.23 midpoint 38.34 R1 37.44 midpoint 36.31 PP 35.18 midpoint 34.29 S1 33.39 midpoint 32.26 S2 31.13 midpoint 29.11 S3 27.08 midpoint 25.06 S4 23.03
TZA
R4 10.36 midpoint 10.06 R3 9.75 midpoint 9.45 R2 9.14 midpoint 9.02 R1 8.89 midpoint 8.71 PP 8.53 midpoint 8.41 S1 8.28 midpoint 8.10 S2 7.92 midpoint 7.62 S3 7.31 midpoint 7.01 S4 6.70
SDS
R3 40.26 R2 39.50 R1 38.91 PP 38.18 S1 37.59 S2 36.86 S3 36.27
............GLTA
|
|
|
Post by ask2lern on Jul 6, 2010 6:40:21 GMT -5
From optionmonster.com pre market breifing..................GLTA
Russell 2000 breaks below support July 6, 2010 Tue 6:10 AM CT
The Russell 2000 broke support Friday, but there are no changes for today in levels for the S&P 500 and the Nasdaq 100.
There has been a very long string of down days, so the bulls will no doubt be hoping that the law of runs (hint: there is no such law) will see today become a reversal day.
As discussed Friday, there is a lot at stake here for the bulls at current levels, but they face a tide of fund managers who have been unloading their risk exposure. Bloomberg ran an article quoting Barton Biggs of Traxis Partners as saying that he had sold the bulk of his technology stock holdings last week. If other managers follow suit and continue to close positions, it will be difficult to get traction on the upside.
Nasdaq 100 (NDX)
First support is at 1712.89, the February low. First resistance is now at 1752.31.
For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $42.12. First resistance is at $43.23.
S&P 500 (SPX)
First support is now at 1019.95. First resistance is at 1040.
For the Standard & Poor's Depository Receipts (SPY) first support is at $101.99. First resistance is at $104.38.
Russell 2000 (RUT)
First support is now at 590.57. First resistance is now at 636.72.
For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $59.05. First resistance is at $63.70.
By: Bryan McCormick
|
|
|
Post by ask2lern on Jul 6, 2010 6:43:53 GMT -5
From optionmonster.com................... Non-manufacturing data on docket July 6, 2010 Tue 6:01 AM CT There is just one report on today's economic calendar, but with Tuesday starting the week after the holiday, this release could get more attention than usual in the absence of other factors. The ISM Non-Manufacturing Index will be released at 10 a.m. ET. The expectation is for a drop to 60 from the previous report's 61.1. Forecasts for the report range from 57 to 61.9. Uploaded with ImageShack.usA reading at or below the low end of expectations would be bearish, while a reading at or above the high end would be bullish. The impact of the report will depend on the degree of surprise away from the consensus value, if any. (Chart courtesy of tradeMONSTER) By: Bryan McCormick
|
|
|
Post by abdogman on Jul 6, 2010 7:08:22 GMT -5
Good Morning Gang!
Hope everybody had a Fine Fourth........Thx for the info ......See you at the Open..GLTA
|
|
|
Post by ukarlewitz on Jul 6, 2010 7:38:27 GMT -5
Murphy - After a steep decline the last two weeks, stocks are deeply oversold and pessimism is running rampant. A story on Bob Prechter’s “take cover” forecast is the “most emailed” article in the New York Times. The 50-day SMA closed below the 200-day SMA in the S&P 500 for a dead cross, which has been covered extensively in the financial press. Statistical evidence suggests that a dead cross is neutral at worst. There is also the head-and-shoulders pattern, which has been covered quite extensively as well. An extended decline may certainly be upon us, but pessimism seems to be getting extreme and this could give way to a bounce. A hammer formed on Thursday, but the SPY fell back on Friday. Nevertheless, the ETF has a large falling wedge working and the 100-104 area marks a 50-62% retracement of the July-April advance, which was the last leg up. This retracement zone marks a potential support zone that could evolve into a reversal. RSI is trading at 30.38, which is oversold for all intents and purposes. At the very least, the time to be short is growing, well, short.
|
|
|
Post by elle on Jul 6, 2010 7:50:57 GMT -5
Thank you all wery much for all analysis/info. Shower before market ewen open, can't beliewe I hawe til 9:30.
The doesn't work on my keyboard so hawe use w
|
|
|
Post by ukarlewitz on Jul 6, 2010 7:57:59 GMT -5
Carl - Today's range estimate is 1015-1035. The ES dropped to 1003 last night. I think this market is scraping bottom and the worst I see on the downside is 990. Strength above 1050 would mean the low has been established and that a new up leg in the bull market has started.
(ES now 1028, close to the top).
|
|
|
Post by sp7015 on Jul 6, 2010 8:28:55 GMT -5
At Niagara Falls on vacation. Won 200 at craps yesterday. Today is my birthday so this is my birthday bounce. We go higher.
|
|
|
Post by ccash04 on Jul 6, 2010 8:32:17 GMT -5
I'm liking this open.
|
|
|
Post by abdogman on Jul 6, 2010 8:35:03 GMT -5
xlf 13.74 on 1m
|
|
|
Post by abdogman on Jul 6, 2010 8:41:16 GMT -5
BB's on Eur 1m spread since third min in on 1m //eur is on the lower channel dropping vix 1m virtually steady xlf fas macd rolling from pos to near 0/0 now xlf
xlf is 13.75 on 1m
all on 1m
|
|
|
Post by jack on Jul 6, 2010 8:45:55 GMT -5
Hi Rog & Gang! Pesky chipmunk has learned how to defeat the Have-A-Heart squirrel trap and abscond with the peanut bait. This is a very serious development - if I can't trap (and relocate) those squirrels which have tomato larceny running thru their veins they will have a field day here and run away with 1 lb tomatoes in their gobs when they begin to ripen. I didn't realize chipmunks and squirrels were in kahootz - what's your understanding of this alliance Elle? ;D
|
|
|
Post by abdogman on Jul 6, 2010 8:48:37 GMT -5
Good Morning Jack!
**BB's curling in slowly on xlf fas faz 1m
macd on neg side of 0 line for xlf fas xlf at 13.76
all on 1m
|
|
|
Post by abdogman on Jul 6, 2010 8:51:04 GMT -5
BB's squeeze on 1m xlf fas faz and vix
|
|
|
Post by jack on Jul 6, 2010 8:52:29 GMT -5
|
|
|
Post by abdogman on Jul 6, 2010 8:53:47 GMT -5
3.3 mil share grn candle in xlf last min xlf now 13.835 on 1m
|
|
|
Post by abdogman on Jul 6, 2010 8:54:50 GMT -5
BB's still tight xlf fas faz vix and now closing on eur all on 1m
|
|
|
Post by ukarlewitz on Jul 6, 2010 8:56:06 GMT -5
Sentiment: bearish s-t, bullish l-t.
At least one sentiment indicator is suggesting that there's still too much bullishness, despite the general gloom that otherwise has descended on Wall Street in the wake of recent market weakness. From a contrarian point of view, of course, it is bearish when there is too much bullishness.
This indicator to which I refer is based on net fund flows into and out of exchanged-traded funds that provide investors with a leveraged exposure to the U.S. stock market. One example of such a fund is the ProShares UltraPro S&P 500 fund (UPRO 116.47, +5.21, +4.68%) , which is designed to triple the performance of the S&P 500 index (SPX 1,038, +14.98, +1.47%) .
According to a recent study by TrimTabs Investment Research, "leveraged U.S. equity ETF investors have a knack for zigging precisely when they should zag." Based on data back to 2006, the study found that "the S&P 500 dives an average annualized 13.7% in the week following an aggregate leveraged U.S. equity ETF inflow, and it surges an average annualized 10.3% in the week following an outflow."
This is bad news, given the latest data: According to TrimTabs estimates, which cover the week through last Thursday's close, investors poured $434 million of new money into those ETFs that provide 3-to-1 leverage on the long side of the U.S. equity market, while pulling $355 million out of ETFs that provide 3-to-1 leverage on the short side.
In other words, the average investor in these leveraged ETFs is betting that the stock market will soon rally. Given their dismal track record, that's a bearish omen for the market itself.
Can the bearish conclusion of this sentiment indicator be reconciled with the generally bullish message of other sentiment indicators? I think it can, provided we recognize that the various sentiment indicators have predictive powers over different time horizons.
For example, the indicator based on leveraged ETFs' flows works over a very short-term time horizon. TrimTabs found that its predictive power steadily weakens as the forecast horizon extends beyond one week, and "peters out after six weeks."
In contrast, consider the sentiment among investment newsletter editors (as represented by the Hulbert Stock Newsletter Sentiment Index, or HSNSI) or among individual investors (as represented by the American Association of Individual Investors' weekly survey of their members' sentiment). Both are showing less bullishness, and more bearishness, than at any time since the March 2009 stock market low that marked the end of the 2007-2009 bear market.
In econometric tests I've run on 25 years' worth of HSNSI data, I discovered that its greatest predictive power is at the three-month time horizon. I found a similar time horizon when analyzing the sentiment survey conducted by the American Association of Individual Investors (AAII).
So it's possible that these indicators' otherwise conflicting messages could all end up getting it right. That would mean that the stock market would decline over the next week or so but nevertheless be higher in three months' time than where it stands now.
|
|
|
Post by abdogman on Jul 6, 2010 8:57:31 GMT -5
AT 0947 EDT European Markets Update: FTSE +2.5%; CAC +3.3%; DAX +2.5%
Stocks in Europe are higher as an absence of news has given investors a chance to buy beaten down equities. Investors in Europe were given a boost of confidence when it was said that most banks will pass the so called "stress test." Miners have seen a bid as Australia's RBA announced its decision to keep its benchmark rate unchanged, and said it was bullish on a global economic recovery. Looking at the currencies...the euro is stronger once again, trading 1.2585, while the pound briefly topped 1.5200 earlier this morning. In Britain, the FTSE is trading +2.5% as 100 of 102 holdings are trading higher. Materials (+4.6%) are the strongest performer with Rio Tinto soaring 5.0%. Other sectors posting strong gains are financials (+3.2%) and energy (+2.5%). Every sector is trading higher by at least 1%.
In France, the CAC is +3.3% led by broad based strength as every sector except health care (+1.4%) is trading higher by at least 2.5%. Materials (+4.9%), financials (+4.7%), and telecom (+3.5%) are posting the largest gains. BNP Paribas (+4.7%) is higher after the ECB's Noyer told reporters that French banks are likely to pass the stress test.
In Germany, the DAX is trading +2.5% led by consumer discretionary (+3.4%), materials (+3.2%) and financials (+2.9%). Steel maker Thyssenkrupp is +4.9% on the strength in materials stocks. Within the index, all 30 of the holdings are trading higher.
|
|
|
Post by abdogman on Jul 6, 2010 9:03:13 GMT -5
eur running up on 1m BB's spreading
|
|
|
Post by jack on Jul 6, 2010 9:03:44 GMT -5
Topping FAStail last 10min period? or will the ISM news be brushed off?
Answer: The latter
lol!
|
|
|
Post by jack on Jul 6, 2010 9:04:33 GMT -5
eur running up on 1m BB's spreading Euro' s gone apeshit!
|
|
|
Post by Dualism on Jul 6, 2010 9:04:44 GMT -5
10:00a U.S. June ISM services index 53.8% vs 55.4 May
Within expectation range and net positive for the market.
|
|
|
Post by abdogman on Jul 6, 2010 9:08:50 GMT -5
macd pos last 2 mins on 1m for xlf fas xlf 13.87 on 1m BB's still tight on 1m for xlf fas faz
|
|
|
Post by ukarlewitz on Jul 6, 2010 9:11:22 GMT -5
Spy poking above its 5dma for the first time in 10 sessions. Several ticks in the 1000 area over the past 20'. R coming up at 104.3 - very key area going back 12 months.
|
|