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Post by jack on Jul 27, 2010 14:23:09 GMT -5
GS - I'm not Hammond but this formation projects to 162 which happens to be where the 200dma is.  Uploaded with ImageShack.usBBs tightening on GS w/ macd rollin' up positive (almost) and parabolic is under...OBV on the upswing but momo down...on the 5min at 3:23pm |
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Post by jack on Jul 27, 2010 14:26:05 GMT -5
FAS macd 12 26 appears to be crossing positive after running parrallel for the day since 11am (on the 10min).
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Post by abdogman on Jul 27, 2010 14:28:30 GMT -5
xlf just below R1 at 14.85 now
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Post by jack on Jul 27, 2010 14:33:50 GMT -5
xlf just below R1 at 14.85 now Parabolic now UNDER xlf both 5 & 15min |
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Post by ukarlewitz on Jul 27, 2010 14:35:55 GMT -5
A junk bond rally prompts a surge in speculative-grade offerings, with Advanced Micro Devices (AMD) and Vantage Drilling (VTG) leading $12.5B of July issuance. As long as the economy is growing even slowly, "yields are going to get low enough on the better-quality debt that it’s going to force high-yield buyers to move down in credit quality."
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Post by jack on Jul 27, 2010 14:36:37 GMT -5
From NOW on I'm gonna short every gap up.
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Post by jack on Jul 27, 2010 14:38:46 GMT -5
xlf just below R1 at 14.85 now Parabolic now UNDER xlf both 5 & 15min but its OVER it on the 1min now. |
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Post by abdogman on Jul 27, 2010 14:40:21 GMT -5
xlf 14.82 on 1m macd neg
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Post by jack on Jul 27, 2010 14:41:56 GMT -5
Somebody likes PCX here:
PATRIOT COAL (PCX) POSTS Q2. BREAN MURRAY SAYS BUY ON WEAKNESSFont size: A | A | Aundefined undefined | S&P Marketscope
SNPMarketScopeViewsNews2010-07-27 15:12:18.000PCXPATRIOT COAL CORP.Stacy TrombinoPATRIOT COAL (PCX) POSTS Q2. BREAN MURRAY SAYS BUY ON WEAKNESSAnalyst Jeremy Sussman tells salesforce he believes PCX offers among the best risk/reward scenarios in coal space, and would be a buyer of the stock, especially with today's stock price weakness. Says, while co. missed his estimates by a few cents, sentiment has been awful on PCX; since co. announced problems and ultimate closure of its Harris mine, stock has fallen 23% while its Appalachian peers are down just 2% on avg. Given today's results, outlook, thinks this type of underperformance completely unjustified; would be aggressive buyer./Trombino|US;PCX|141180|US|9014913
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Post by jack on Jul 27, 2010 14:43:00 GMT -5
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Post by jack on Jul 27, 2010 14:45:00 GMT -5
Lesson for the Day:
Parabolics don't work for crap on a day w/ little price movement
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Post by jack on Jul 27, 2010 14:48:37 GMT -5
FAS's macd's back on a parallel path slight downward slope w/ macd-h neg
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Post by ask2lern on Jul 27, 2010 14:52:20 GMT -5
We just completed a perfect "dolly parton" pattern on the SPY 1 day 5min with the 5/20 sma ;D ;D........GL
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Post by ukarlewitz on Jul 27, 2010 14:53:16 GMT -5
Another day or two of this and the market will be ready to move higher. I'm stunned that we had the highest nymo reading in years on top of a load of crappy macro data and the bears stayed in their pajamas.
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Post by abdogman on Jul 27, 2010 15:01:42 GMT -5
See Ya in the am and Thx for the Input you Guys ....................and..................JACK!!
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Post by brosin on Jul 27, 2010 15:02:43 GMT -5
Bulls win! I'm perfectly fine letting my streak end on a green day even if it was boring as hell and the NAZ closed way red.
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