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Post by jack on Jul 8, 2010 10:31:21 GMT -5
SPY's techs suckey again...
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Post by Dualism on Jul 8, 2010 10:33:04 GMT -5
Australian employment blew past all expectations with a rise of 45,900 in June, providing a timely boost to household incomes and spending amid global gloom while reviving the risk of a further rise in interest rates. The Australian dollar jumped half a cent after the stunningly strong report also showed unemployment at a 17-month low of 5.1 percent. Interbank futures duly slid as investors reassessed the chance of a hike as early as August. www.cnbc.com/id/38140631
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Post by ukarlewitz on Jul 8, 2010 10:33:51 GMT -5
This is good to see (from The Big Picture):
Fantastic investor letter from the Lex team at the FT on contrarian investing against the expert consensus:
“Dear Investor,
It has been a profitable first half for Contrarian Partners. Our core investment strategy remains unchanged: to mine the research produced by investment banks every six months to establish consensus trading strategies. Then trade against them . . .
In general, though, the advice was reassuringly poor. The markets continue to reward us for listening to the experts – then doing the opposite.”
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Post by ukarlewitz on Jul 8, 2010 10:35:32 GMT -5
Carl long 1058.
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Post by jack on Jul 8, 2010 10:39:03 GMT -5
This is good to see (from The Big Picture): Fantastic investor letter from the Lex team at the FT on contrarian investing against the expert consensus: “Dear Investor, It has been a profitable first half for Contrarian Partners. Our core investment strategy remains unchanged: to mine the research produced by investment banks every six months to establish consensus trading strategies. Then trade against them . . . In general, though, the advice was reassuringly poor. The markets continue to reward us for listening to the experts – then doing the opposite.” THAT's funny as hell!
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Post by ukarlewitz on Jul 8, 2010 10:39:37 GMT -5
Meredith Whitney cuts Goldman 2010 EPS estimate from $20 to $15.70/share
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Post by abdogman on Jul 8, 2010 10:41:58 GMT -5
BB's narrowing on Eur 1m macd's xlf fas faz on 1m 0/0 xlf 14.21 on 1m
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Post by Dualism on Jul 8, 2010 10:43:10 GMT -5
The US Treasury is selling $129B in debt-paper next Thursday, a day before opex, btw.
3, 6month; 3, 10, and 30year.
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Post by abdogman on Jul 8, 2010 10:49:06 GMT -5
vix 1m BB's spreading and it is rising Eur 1m BB's spreading and it is falling slowly
xlf 14.18 on 1m
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Post by jack on Jul 8, 2010 10:51:20 GMT -5
Meredith Whitney cuts Goldman 2010 EPS estimate from $20 to $15.70/share I'm surprised they haven't put a contract out on her.
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Post by ukarlewitz on Jul 8, 2010 10:56:31 GMT -5
Gap filled, now let's see. tick -1000 on the fill (not big).
John Paulson's bets on a V-shaped recovery took an unsurprising hit in June, when investors said his Advantage Plus hedge fund lost 6.9% to bring his first-half return to -8.8%. Paulson's sticking to his guns with heavy bets on financials including BAC, C, STI, WFC and JPM.
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Post by jack on Jul 8, 2010 10:56:46 GMT -5
VIX @ hod but Euro up off its lows...at the moment at least.
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Post by abdogman on Jul 8, 2010 10:58:54 GMT -5
Meredith Whitney cuts Goldman 2010 EPS estimate from $20 to $15.70/share I'm surprised they haven't put a contract out on her. THEY don't do options!
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Post by ukarlewitz on Jul 8, 2010 11:00:54 GMT -5
The problem is that the PP is another buck lower. 105.3 is a possible 10' trend top line and 50ma.
This guy on stocktwits.tv now is pretty good.
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Post by abdogman on Jul 8, 2010 11:01:56 GMT -5
Dog(s) walk and Food ....for me Too..back appx 1400
Good Luck Y'aLL!
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Post by jack on Jul 8, 2010 11:24:50 GMT -5
Double bottom tails on FAS's 10min periods 12:00-12:20
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Post by ukarlewitz on Jul 8, 2010 11:26:47 GMT -5
Oscar also long at 1058.
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Post by jack on Jul 8, 2010 11:29:16 GMT -5
Snap nailed it too - he should start his own blog. ;D
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Post by jack on Jul 8, 2010 11:34:22 GMT -5
VIX downhill...but spinning top on the FAS 10min
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Post by jack on Jul 8, 2010 11:42:50 GMT -5
VIX downhill...but spinning top on the FAS 10min Thing's like a yo-yo: VIX up, Euro down
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Post by jack on Jul 8, 2010 11:46:58 GMT -5
Double bottom tails on FAS's 10min periods 12:00-12:20 Lesson for the Day: "A FAS "Shaven Head" (12:20-12:30 candle) trumps double botoming tails...esp. when followed by a fuken doji."
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Post by jack on Jul 8, 2010 11:53:38 GMT -5
Last FAS 10min a hammer...lets see if if means UP for a few
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Post by jack on Jul 8, 2010 12:00:18 GMT -5
Last FAS 10min a hammer...lets see if if means UP for a few hmmmmm...apparently I'm misreading the candle leaves...LOL!!!
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Post by ask2lern on Jul 8, 2010 12:06:54 GMT -5
from optionmonster.com..................GL Indexes hinge on 10-day averagesJuly 8, 2010 Thu 11:36 AM CT At the halfway point of today's session, most of the major indexes have at least dipped a toe back into negative territory after this morning's run to the upside. There are few catalysts to consider as we head into the start of earnings season next week. The focus will switch from macro to micro as the earnings results of each company are dissected. Before we get there, however, the big concern for the bulls will be whether the newly won battle at the 10-day moving averages proves to be a one-day wonder or something that can be built on the presumption that earnings news will be largely positive as the Street currently believes. Uploaded with ImageShack.usThe 10-day moving average was a key technical juncture we reviewed in some detail yesterday in the S&P 500 (purple line on intraday chart at right). The potential for a bearish pattern to play out was removed by yesterday's price action when the 10-day was quickly broken to the upside. That leaves the bears with no pattern potential, and the moving average as a line in the sand. What is important now is whether the 10-day averages become support or are rebroken on the downside. A rebreak following such a strong upside day would suggest the rallies were technically suspect. As long as prices don't migrate too far away from the 10-day lines, the indexes will fall back into a more neutral short-term posture. In effect, this would then be a "pause" day, which is not atypical after a big run. Longer term, the dominant trend is still down. The 10-day average for the Nasdaq 100 is now 1779.17, and for the S&P 500 it is 1049.60. At the time of this writing the Russell 2000 had already failed at its 10-day moving average, last at 616.34. (Chart courtesy of tradeMONSTER) By: Bryan McCormick
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Post by jack on Jul 8, 2010 12:31:24 GMT -5
For some reason I liked yesterday's action a lot better.
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Post by ukarlewitz on Jul 8, 2010 12:32:44 GMT -5
Breadth: Ny is 2:1 pos. Nq is 1.3:1 pos (vol a bit neg).
We gap filled, bounced and then went into a holding pattern. tick not revealing much. Overall, consolidation after a big gain is one for the bull camp. I think the Euro is the one to watch - does it break out or has it topped out? - based on the set up we talked about earlier. Chime in if you see something spectacular. We need a WC game or something.
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Post by cosmic on Jul 8, 2010 12:32:44 GMT -5
Doesn't IWM lead? So if it's lost it, we should expect other averages to follow?
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Post by maxi on Jul 8, 2010 12:36:55 GMT -5
IWM is green tho not much but green.... +0.62%
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Post by jack on Jul 8, 2010 12:39:30 GMT -5
Breadth: Ny is 2:1 pos. Nq is 1.3:1 pos (vol a bit neg). We gap filled, bounced and then went into a holding pattern. tick not revealing much. Overall, consolidation after a big gain is one for the bull camp. I think the Euro is the one to watch - does it break out or has it topped out? - based on the set up we talked about earlier. Chime in if you see something spectacular. We need a WC game or something. Either a win by NL or Spain will cause the Euro to go higher! Mark this post (who used to say that on the YMB?)! lol! btw Exalt to ya Uk!
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Post by Dualism on Jul 8, 2010 12:42:05 GMT -5
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