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Post by ukarlewitz on Jul 16, 2010 11:47:04 GMT -5
"Jack, call me on my cell".
what the
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Post by cosmic on Jul 16, 2010 11:48:58 GMT -5
I think it depends on how they handle it - the cost is going to be the question, and you know how fanboys are - they buy it cuz they like it.
I think Ben is Bigger.
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Post by cosmic on Jul 16, 2010 11:49:35 GMT -5
Would it be better if he was twittering or tweeting her or whatever you do with that thing-a-ma-bob?
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Post by drtracyb on Jul 16, 2010 11:53:17 GMT -5
checking in - iwm also at S, second touch of downtrend F we b/o on Tues; obwiously a break into it be wery bad, hold then uptrend still in play You meant "uptwend" didn't you? Can you attach a portable keyboard to your computer and use that one? |
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Post by ukarlewitz on Jul 16, 2010 11:57:40 GMT -5
I like twitter. Very handy. You have to be careful not to get too distracted. But I get a lot of great charts and ideas from it.
I haven't seen any reason to get involved here today.
MVIS is one I have completely mishandled. I own it around the current price and I could have bought and sold many times but I have done nothing. I have zero feel for it. This is the kind of dumb action on my part that can go very wrong and become a headache later.
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Post by Clinton SPX on Jul 16, 2010 11:58:24 GMT -5
2nd bull flag on FAZ popping
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Post by Clinton SPX on Jul 16, 2010 11:59:11 GMT -5
QLD had a tiny sign of rally
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Post by cosmic on Jul 16, 2010 12:00:19 GMT -5
I like twitter. Very handy. You have to be careful not to get too distracted. But I get a lot of great charts and ideas from it. I haven't seen any reason to get involved here today. MVIS is one I have completely mishandled. I own it around the current price and I could have bought and sold many times but I have done nothing. I have zero feel for it. This is the kind of dumb action on my part that can go very wrong and become a headache later. UK, we all have 1 or 2 of those. I decided to trade MVIS on longer swings rather than hold for the home run, but that was just my lucky choice. |
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Post by ukarlewitz on Jul 16, 2010 12:00:32 GMT -5
I have the 38% fib at S3 (106.7).
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Post by Clinton SPX on Jul 16, 2010 12:02:58 GMT -5
Bears are waterboarding the bulls, pushing down of every sign of rally
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Post by ukarlewitz on Jul 16, 2010 12:03:13 GMT -5
I have MVIS as a long swing as well. This is how I get screwed. Small position right now. I have no strategy for it, which is retarded. I'll sell the next pop.
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Post by cosmic on Jul 16, 2010 12:03:59 GMT -5
And some made fun of my IMGG short. I'm telling you, until speculative liquidity comes into the market en masse, we will not be moving up with any consistency.
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Post by sp7015 on Jul 16, 2010 12:06:52 GMT -5
aapl news conference has begun.
cross my fingers
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Post by maxi on Jul 16, 2010 12:10:53 GMT -5
More from my favorite guy......
Regarding expectations being set so low....That’s the opposite assessment I have, despite may caveat. Largely I've seen reasonable estimates being put forth on these firms and not overly dumbed to to make an easy beat. I base that on looking at many of the leaders out there and they are sporting very nice fundamentals from a valuation standpoint (PE, PEG, Free Cash Flow, Operating Margins, yields, etc). And, these earnings reports so far are strengthening their position. For instance, no matter how you look at Intel, that was a stunning report and shows the strength of the current boom in technology (and its not abating as yet).
Essentially I think the sell off has nothing to do with earnings. Earnings are fine and continue to improve. The risks are that the economy may turn negative. The market is pulling back here regardless of current and emerging fundamentals.
The larger concern I have is not earnings right now, or even lags or softness in the economy, its whether overall liquidity is draining out of the system....it may be, and that is why I'm paying a lot more attention to treasuries, the yen etc. That dry up of liquidity, if occurring, may be temporary or it may point to a larger problem that shoves the world into an extended & ugly bear trend/market. A crunch in market liquidity is where we often get our biggest market sell offs.
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Post by maxi on Jul 16, 2010 12:15:37 GMT -5
The BDI is another danger sign I've been paying attention for similar reasons as mentioned in the article. The recent up move in treasuries and the yen strength are more recent indications that we need to be especially careful here (especially in the short to mid term). It signals for instance that in the shorter term market liquidity and the ability to leverage money for equities may be drying up. This could be a temporary situation or could be signaling a longer term issue with the markets that could send us deeper into a bear trend/market. Now the comment I will make is that shipping rates in the North Atlantic (HARPEX) have bottomed and turned and improved nicely over past few months. See Link. www.harperpe tersen.com/ harpex/harpexVP. do The shipping firms EGLE, GNK, NM etc have seen higher lows consistently since July 6. Now the ETF for the group, SEA, made a lower low today after consistently moving up almost daily to higher highs since July 6. SEA went 9 straight days making a new high each day (until today). Now this may simply be temporary sector rotation into shipping off of a bottom that will fizzle out in coming days/weeks or it could be a big a "Tell" or buy signal. Also of note, was the decent report and guidance from AA; the improvements that CSX is seeing worldwide; and the earnings report from EXPD, a major transport services firm,, which had an impressive beat and raise on earnings guidance. We could be seeing a big warning sign from the BDI or alternatively we could actually being seeing a bottom put in soon. If China now is content with their self imposed slowdown, then that the would likely point to a nice trend up in Shipping stocks, China, transports (see the recent up move in rail equipment stocks) and, some commodities in future days/weeks. For instance, I'm seeing very nice up moves in grains (see JJG & DBA). I tend to think that metals will lag some - especially Gold for a couple of weeks (but it is holding in well). Regardless, it is a very mixed set of signals we are seeing. Basically I believe I'm seeing is that we are in that "tough slog or "tough sledding" area. Nothing is easy here after the economy turns, and often we see these type of downturns that are being signaled currently. Frequently these pull backs are due to fast of an increase in inventory to meet a spike in demand, overbuilding etc. So after the economy turns we get a spike in demand and supply often accelerates too fast and there is a pull back in the economy, costs deflate until those factors stabilize over time. Steel is a good example. Steel ramped up greatly in previous couple of quarters but after China put on the skids it got caught with too much inventory and too high prices. They are now cutting back production as a result. Is there any sign in the longer term that the overall trend is slowing in Asia and Latin America? I don't see any signs of slowing other than these economies are actually heating up too fast and having to raise interest rates and other measures (e.g., China, India, likely Singapore, etc). Points is-- the market will continue to be difficult, especially in the US & Europe (for a few years), but the overall signals are pointing to some decent bottoming action in certain Sector Industries and new leadership areas (semiconductors, semi equip/test, enterprise software/services, medical services/equip, and selected areas of biotech/pharma, etc). As a contrarian trade---Shipping may seem very counter intuitive at the moment...but the emerging trade here may in fact be Shipping, China, grains, transports, etc. So... while the economic indicators are turning against us in the short to mid-term, the smart money may just be ahead of us. Maybe not, but something to think about.... |
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Post by jack on Jul 16, 2010 12:16:27 GMT -5
You meant "uptwend" didn't you? Can you attach a portable keyboard to your computer and use that one? Huh? |
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Post by elle on Jul 16, 2010 12:28:16 GMT -5
You meant "uptwend" didn't you? Can you attach a portable keyboard to your computer and use that one? That's a heck of a good idea! Here goes. Woila! (jk. Voila) |
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Post by elle on Jul 16, 2010 12:32:46 GMT -5
I drew C for iwm just because I could see it and it isn't good. Never do it for that one, but should be interesting.
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Post by sp7015 on Jul 16, 2010 12:37:24 GMT -5
look at the short squeeze in aapl.
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Post by deadmoney95 on Jul 16, 2010 12:43:22 GMT -5
Classic MarketWatch headline: 1:36pEuro like Wile E. Coyote nearing a cliff euro-like-wile-e-coyote-nearing-a-cliff-2010-07-16""After watching the euro shoot skyward like Wile E. Coyote with an Acme rocket on his back over the last few days, it's more likely that traders seeing that $1.30 cliff face approaching, decided it was time to pull the plug," said Dan Cook, senior market analyst at IG Markets." |
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Post by ukarlewitz on Jul 16, 2010 12:45:19 GMT -5
DougKass
i am renting a long in QQQQ at 44.60 because jobs' appearance reflects the co view of the gravity of situation
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Post by ukarlewitz on Jul 16, 2010 12:53:31 GMT -5
Hitting the new new new Carl lod 1064
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Post by elle on Jul 16, 2010 12:54:06 GMT -5
iwm walk the line, here we are again
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Post by ukarlewitz on Jul 16, 2010 13:00:21 GMT -5
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Post by abdogman on Jul 16, 2010 13:00:46 GMT -5
Hi Gang I'm back ......DR's office had power failure when i walked in and no generator to back it up
Good thing it was only a blood test.....but took long time ....
BB' narrowing on 1m for xlf fas faz
xlf at 14.21 on 1m macd 0/0 on xlf fas faz
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Post by elle on Jul 16, 2010 13:04:44 GMT -5
Look at the trouble we got into without you.
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Post by ukarlewitz on Jul 16, 2010 13:05:56 GMT -5
welcome back Bobo, hope everything is alright. you've missed a real barn burner, as in the house is burning down, slowly.
The 2p hour is here. What will today bring? Breadth is crappy as it was a few hours ago. I'm still looking for a capitulation move.
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Post by abdogman on Jul 16, 2010 13:06:21 GMT -5
Look at the trouble we got into without you. Thanks Elle your sweet |
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Post by abdogman on Jul 16, 2010 13:08:03 GMT -5
welcome back Bobo, hope everything is alright. you've missed a real barn burner, as in the house is burning down, slowly. The 2p hour is here. What will today bring? Breadth is crappy as it was a few hours ago. I'm still looking for a capitulation move. I'm looking for one too |
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Post by elle on Jul 16, 2010 13:08:07 GMT -5
Abs, watching the BBs all the time, do you have a feel for which way they break?
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