Was there a news item why semis dipped this morning, such as AVGO and QCOM?

Hi Matt/Steve If you have time, Can you please comment on XBI in tonight's newsletter? Thanks!

ditto

Did you mean 2360 or 2630?

Matt...was the downtread line broken intraday for S&P?

Does President Obama usually speak about jobs report after it has been released? There seem to be many upcoming layoffs this month of city workers and public school employees in San Francisco/San Jose area due to budget gaps.

I see that all US major indices are down over 2% as I post this, but it looks like the head lines were good.  DId I miss something?

I just noticed the $vix has a black hammer forming on daily charts. 

thanks for the posts. 

thanks for the explaination and illustration with the charts.  I understand the relationship between bonds and rates.  What is there a typical affect to the US dollar?

matt/steve/breakpointtrade member

Can someone please explain the relationship of bonds to that of stocks, commodities and US dollar?  TBT (2x ultra bond short) broke out of the triangle pattern that matt had on the watchlist a few weeks ago.  From what I understand, this could be a leading indication of interest rates to increase over time.  How are bonds related to stocks, commodities and US dollar?  Everything seems to be going up and bonds are going down.  I understand the importance of rates increasing, but not how it correlates with stocks, emerging markets, commodities, and US dollar.

Thank, amp43679

Does any know the track record of McHugh?  For weeks his newsletter has been stating the markets are in wave 2 and the market topped on January 19th.  Initially, his analysis state that the markets should retrace 38 to 62% of the down leg from 1/19 to 2/5, but these levels have been exceeded by a lot of margin.  This was sent after the markets closed. 

Just a quick update. After studying Friday's upside move carefully, we believe stocks should see a significant top by sometime Monday. The rally from February 5th is corrective, not impulsive, in our view, and a clear pattern has emerged from Friday's rally which suggests a major top is imminent.

matt and steve, at the beginning of this bear market (end of 2007), you had outline a possible scenario for an a (down)-b (up-currently in)-c (down-yet to start if at all)?  Do you believe this is still correct or has a new bull market started?  I am refering to a long term view, such as months, not minutes or days.  Also, you had referenced the $spx monthly chart and outlined that the 20 monthly EMA had defined bull and bear markets for the last few years.  $spx on a monthly basis has been above 20 monthly EMA.  thanks ann

If you verify 52 new week highs and lows with NYSE, Yahoo finance and WSJ does not match. 

See the link for WSJ: 

http://online.wsj.com/mdc/public/page/2_3021-newhinyse-newhighs.html

at time of the post, 52 weeks highs were 44 and 52 week lows were 6.

I have been watching NYSE 52 week high/52 week low ratio for the last few weeks.  Everyday, it ranges from 10:1 to 6:1.  Today, it is 2.2:1, the lowest I have seen it since September.  Steve posted the criterion for Hindberg Omen a few months ago and 4th condition, that must occur,was 52 week highs could not exceed 52 week low by more than 2x, but the other three conditions must also be met.  Anyway, just keeping an eye on it. 

thanks for letting me know.  Seem crazy that a down grade of one analyst could cause such a dramatic sell off. 

does anyone know what bank rumor caused the sell off this afternoon?  At 3:45 pm, I heard CNBC reporter (Maria B) make statements that there was a rumor about a big bank.  Unfortunately, that was all I heard because I was picking up my children from school.

matt, I just sent you a PM, whenever you get a chance.  It is not time sensitive.

amp43679

We sold our house 4 months ago (June 2009) in Greensboro, NC and the Zillow estimate for our house was spot-on, unfortunately.  I don't know the algorthm they use for their Zillowestimate, but in our case, it was close. 

I am in Almaden Valley in San Jose, CA and I checked the prices of house on Zillow a few weeks ago.  Almost of year ago, houses sold for more than 20% of the current Zillowestimate.  Just some of my observations.

matt/steve...I noticed Arron oscillator crossed yesterday on SPX60 min with CCI chart.  Is that a false cross, since CCI(233) is above zero.