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Post by elle on Jul 22, 2010 10:21:31 GMT -5
C and fork 1105, wouldn't THAT be a kick, but can't imagine another 10pts today
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Post by ukarlewitz on Jul 22, 2010 10:25:04 GMT -5
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Post by ukarlewitz on Jul 22, 2010 10:32:21 GMT -5
DDSS is up because it is set to launch Oleptro Q3 Where's it going Elle? I have no clue.
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Post by elle on Jul 22, 2010 10:37:57 GMT -5
DDSS Fork shows break of hourly 2 mo down trend. Orange line is daily down trend line Uploaded with ImageShack.us
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Post by abdogman on Jul 22, 2010 10:38:43 GMT -5
xlf dropping on 1m on w 14.36 macd neg vix moving up
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Post by Dualism on Jul 22, 2010 10:40:51 GMT -5
EOD tallies
11:37a U.K.'s FTSE 100 stock index ends up 1.9%
11:36a France's CAC-40 index closes up 3.1%
11:35a Germany's DAX stock index ends up 2.5%
11:35a Stoxx Europe 600 index ends up 2.1% at 254.54
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Post by abdogman on Jul 22, 2010 10:42:18 GMT -5
BB's spread some on xlf fas faz xlf just below R1 now at 14.37
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Post by elle on Jul 22, 2010 10:45:44 GMT -5
DDSS daily chart - recapture of uptrend is way up at 1.95 Uploaded with ImageShack.us
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Post by ukarlewitz on Jul 22, 2010 11:01:28 GMT -5
TNX (yellow) vs Spy (light blue). Red circles are where Spy led TNX, green is where TNX led Spy. Black is a tie. I always think of TNX leading Spy, mostly because of the 2008-09 bottom (green) but apparently Spy leads at least as often. Where are we now, who will lead? That's the question. Copper says Spy leads. Attachments:
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Post by abdogman on Jul 22, 2010 11:01:44 GMT -5
Dogs and Lunch .........GLTA
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Post by Dualism on Jul 22, 2010 11:05:56 GMT -5
Uploaded with ImageShack.usHome prices for government sponsored mortgages continued to improve in May. The FHFA purchase only home price index rose 0.5 percent on a seasonally adjusted basis, following a 0.9 percent boost the month before. On a year-on-year basis, this index was down 1.2 percent, compared to down 1.4 percent in April. For the nine Census Divisions, seasonally adjusted monthly price changes for month-ago June ranged from minus 0.6 percent in the East North Division to up 1.8 percent in the Pacific Division. Seven of the nine Census Divisions posted increases in May.
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Post by Dualism on Jul 22, 2010 11:13:23 GMT -5
My feeling is that SPY is leading currently.
Bonds have been dogged by the specious 'macro view' mumbo jumbo.
Equities are having earnings reports - where the rubber meets the road.
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Post by elle on Jul 22, 2010 11:20:28 GMT -5
I need to eat or sleep or something. PCX .01 per 10' is make me crazy. Thinking of out 60' 200.
Coal stocks weighted down with new regs in fin reg bill (what they do with fin reg?)
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Post by ukarlewitz on Jul 22, 2010 11:21:23 GMT -5
I think you are right on TNX. I think that fund flows have overwhelmed it s-t.
Its interesting to run the same comparison to see what leads Spy. I see no edge with xlf or iwm or Qs. Not what I expected. Copper is inconsistent, like TNX. I do see an edge with GS and steel and perhaps DJT, interestingly enough. So, as usual, you have to look at the balance of evidence and not rely on the conventional wisdom of 'financials always lead', etc. In short, they make this hard. Bastards.
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Post by elle on Jul 22, 2010 11:24:52 GMT -5
PCX and MEE report earnings July 27
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Post by Dualism on Jul 22, 2010 11:27:08 GMT -5
I think you are right on TNX. I think that fund flows have overwhelmed it s-t. Its interesting to run the same comparison to see what leads Spy. I see no edge with xlf or iwm or Qs. Not what I expected. Copper is inconsistent, like TNX. I do see an edge with GS and steel and perhaps DJT, interestingly enough. So, as usual, you have to look at the balance of evidence and not rely on the conventional wisdom of 'financials always lead', etc. In short, they make this hard. Bastards. "Balance of evidence" Bingo! Exaltation of the nth order.
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Post by jack on Jul 22, 2010 11:38:32 GMT -5
C and fork 1105, wouldn't THAT be a kick, but can't imagine another 10pts today I missed the memo. What's "C" again?
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Post by jack on Jul 22, 2010 11:41:31 GMT -5
I need to eat or sleep or something. PCX .01 per 10' is make me crazy. Thinking of out 60' 200. Coal stocks weighted down with new regs in fin reg bill (what they do with fin reg?) Its the "...something..." which I find quite intriguing El. My bad ;D
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Post by elle on Jul 22, 2010 11:43:09 GMT -5
C and fork 1105, wouldn't THAT be a kick, but can't imagine another 10pts today I missed the memo. What's "C" again? circle
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Post by Dualism on Jul 22, 2010 11:47:15 GMT -5
Bullish Percentage for S&P Financials. Uploaded with ImageShack.us
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Post by jack on Jul 22, 2010 11:49:09 GMT -5
I missed the memo. What's "C" again? circle Duh...I should have known Thx
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Post by Dualism on Jul 22, 2010 12:06:44 GMT -5
U.S. 30- and 15-year mortgage rates fell to fresh lows in the past week amid concerns about the state of the economic recovery, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company. Rock bottom mortgage rates offer a glimmer of hope for a housing market that has been struggling to gain traction since the expiration of popular home buyer tax credits several months ago. Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.56 percent for the week ended July 22, down from the previous week's 4.57 percent and its year-ago level of 5.20 percent, according to the survey. Freddie Mac started the survey in April 1971. www.cnbc.com/id/38361171Refi if you are able to.
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Post by ask2lern on Jul 22, 2010 12:08:34 GMT -5
From http://www.optionmonster.com........................GLTA How S&P 500 could break its rangeJuly 22, 2010 Thu 11:33 AM CT As traders scramble to keep up with the flood of earnings reports, it's worth examining just how far those results have taken one of the broader indexes. I decided to look at a closer view of the S&P 500 than normal on a year-to-date basis and have drawn a line at the key 1080 level. That area came into prominence after the "mini-crash" of May 6, the counter-reaction that followed it, and the subsequent retest of that level. It is shown by the yellow line on the chart below. On either side of that line, I wanted to find a high and a low range that captured the bulk of price action. The process involved moving each line as close in steps as possible to one another to find a tight fit without encompassing all the prices. As it turns out, the red line, which captures the bulk of the range above 1080, is about 26 points away at roughly 1106. On the downside, shown in green, the low of the range is also about 26 points away at 1054. Uploaded with ImageShack.usThose two extremes capture the bulk of price movement in the last two months. Remarkably, they also relate closely, though not exactly, to the February peak and trough on the far left side of the chart as well. Even the peaks and troughs that fall outside the high and low of the range have a quite strong symmetry in relation to that 1080 mark, with slightly more lows than highs at the extremes, but not by a great degree. What this tells us in a more objective way, rather than being biased by the most recent price moves, is that the index has not done much of anything, even at the extremes. And that begs this question: Why is this magnet level exerting such a strong force? In some respects this is understandable given the opposing forces of weak macro economic data and many stronger-than-expected earnings results. Weak economic data has helped to keep a lid overall on how far the index can move and has been the primary force on days that broke lows. In sessions with relatively positive company or sector news, the top of the range has been broken. Given that both of these forces continue to be in play, price inevitably gets drawn back to an average, which for now is 1080. That area is also where the 10- and 50-day moving averages are almost converging. This analysis gives us a fairly good sense of what would be required to break higher or lower, and that would be a move that takes out either the 1106 or 1054 level as a first step. That would be a start to resolving the range but would further require a break above the peak, at 1131.23, or the trough, at 1010.91 to be fully resolved. Both of those levels are quite a distance from current trading, though we are closer to the high with the recent upward bias. But without a break above or below these thresholds, we may be moving sideways for longer than we might like. (Chart data provided by Thomson Reuters) By: Bryan McCormick
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Post by ukarlewitz on Jul 22, 2010 12:26:56 GMT -5
Cat - at d/t and t/t. This is a bullish macro chart until proven otherwise. Bears need to get their act together. Uploaded with ImageShack.us
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Post by ukarlewitz on Jul 22, 2010 12:30:59 GMT -5
From http://www.optionmonster.com........................GLTA How S&P 500 could break its rangeJuly 22, 2010 Thu 11:33 AM CT I think he nails both the key range as well as the reasoning (weak macro vs strong corp health).
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Post by ask2lern on Jul 22, 2010 12:59:25 GMT -5
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Post by Dualism on Jul 22, 2010 13:00:29 GMT -5
"We are ready and will act if the economy does not continue to improve, if we don't see the kind of improvements in the labor market that we are hoping for and expecting," Bernanke told the House Financial Services Committee. As he did before a Senate panel on Wednesday, Bernanke indicated the Fed does not expect the economy to stall, and therefore does not foresee any extra policy measures being needed. ... Many analysts worry that the Fed's policy arsenal is too depleted to be of any major additional benefit to the economy. But Bernanke said under conditions of greater financial turmoil, the impact of its remaining policy options might be significant. "If financial conditions become more stressed, as would happen presumably if the economy began to weaken, I think those steps would be more effective relatively speaking," he said. www.cnbc.com/id/38358983
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Post by ukarlewitz on Jul 22, 2010 13:12:06 GMT -5
tick and breadth remain very bullish as we approach the weird and often volatile 2p hour.
And Aks is threatening the 15 line in the sand. I need more than a pierce, I need confirmation with a close today and tomorrow But it's looking very promising. Like I've said before, this can run 100% in less than a month.
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Post by ukarlewitz on Jul 22, 2010 13:14:41 GMT -5
Cat, btw, has now made a new high, exceeding the d/t and t/t. Just trying to triangulate off as many good leads as possible. A high percent are leaning one way, but not all.
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Post by ukarlewitz on Jul 22, 2010 13:21:52 GMT -5
Yen (risk off trade). That is very significant t/t on the monthly. Daily seems to be forming an i/hammer. Like many other charts, its at the time to decide point. Uploaded with ImageShack.us
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