I completely agree with the setup. I think we will break above
the trend line trapping Bulls thinking that breakout is coming and
then close below the trend line and continue to go down. 20d and
50d will be broken but by not much may be 2-3 points
Its really Weird how the sentiment changes so fast. Last
Wednesday VIX was screaming at 31 at high and now 20.00 low. I am
buying some calls on VIX just to be safe.
Todays trading will show the true nature of the market. Mostly
based on the fact that today was the first time during the last
several trading days when we have neither gapped up or Down
It completely depends on the Headline news that market is
reacting to.
Anyway my thinking
1. Unrest in Middle east is getting worst. Yemen and Bahrain
next. What is the stand of US on these countries?
2. Portugal is close to bankrupt, nothing changed there
either
3. Rain in Japan is having 25 times more radiation particles
than normal conditions.
4. Today mornings data of Home sale was completely ignored which
came in Negative
Well the list goes on. Nothing has changed from last week.EXCEPT
Libya was attacked by UN coalition + AT&T buying TMO. Is that
the driving factor for this rally?
The community is delayed by three days for non registered users.
I completely agree with the
30 min SPX
Posted by simmon on 22nd of Mar 2011 at 07:23 pm
I completely agree with the setup. I think we will break above the trend line trapping Bulls thinking that breakout is coming and then close below the trend line and continue to go down. 20d and 50d will be broken but by not much may be 2-3 points
http://blogs.barrons.com/focusonfunds/2011/03/21/volatilitys-whipsaw-vix-falls-30-in-3-days-right-after-jumping-46/?mod=yahoobarrons
VIX
Posted by simmon on 22nd of Mar 2011 at 04:36 pm
http://blogs.barrons.com/focusonfunds/2011/03/21/volatilitys-whipsaw-vix-falls-30-in-3-days-right-after-jumping-46/?mod=yahoobarrons
CHGS is somehow involved in
Maybe this is old news
Posted by simmon on 22nd of Mar 2011 at 03:00 pm
CHGS is somehow involved in MCP,REE,AVL,SHZ all going on Rare Earth momentum
Adding salt to injury http://www.zerohedge.com/article/jpmorgan-likelihood-portuguese-government-will-fall-week-looks-high
spx5, nice wedge developing.. up 1305/ down 1288...
Posted by simmon on 22nd of Mar 2011 at 02:18 pm
Adding salt to injury
http://www.zerohedge.com/article/jpmorgan-likelihood-portuguese-government-will-fall-week-looks-high
SPX 60
spx60, higher targets still in play. Bullflag=1311 & IHS =1330
Posted by simmon on 22nd of Mar 2011 at 01:56 pm
MACD about to roll over on 60 min chart
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=15&i=p84063659240&a=191856806&r=9598
Its really Weird how the
SPX 10
Posted by simmon on 22nd of Mar 2011 at 12:02 pm
Its really Weird how the sentiment changes so fast. Last Wednesday VIX was screaming at 31 at high and now 20.00 low. I am buying some calls on VIX just to be safe.
Todays trading will show the
SPX 5
Posted by simmon on 22nd of Mar 2011 at 10:00 am
Todays trading will show the true nature of the market. Mostly based on the fact that today was the first time during the last several trading days when we have neither gapped up or Down
It completely depends on the
respecting the trend?
Posted by simmon on 21st of Mar 2011 at 02:36 pm
It completely depends on the Headline news that market is reacting to.
Anyway my thinking
1. Unrest in Middle east is getting worst. Yemen and Bahrain next. What is the stand of US on these countries?
2. Portugal is close to bankrupt, nothing changed there either
3. Rain in Japan is having 25 times more radiation particles than normal conditions.
4. Today mornings data of Home sale was completely ignored which came in Negative
Well the list goes on. Nothing has changed from last week.EXCEPT Libya was attacked by UN coalition + AT&T buying TMO. Is that the driving factor for this rally?
Only Uncle Ben can answer
respecting the trend?
Posted by simmon on 21st of Mar 2011 at 02:28 pm
Only Uncle Ben can answer those questions. till then ' Respect the Trend'
Hate the days when Futures
Indu 5 futures, nice bull flag...
Posted by simmon on 21st of Mar 2011 at 12:40 pm
Hate the days when Futures Gap up and then a straight line for the whole day. Need some spice
any rally on a 5
SPX 10
Posted by simmon on 17th of Mar 2011 at 03:37 pm
any rally on a 5 min chart seems to have stopped exactly at 260 ma
http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=10&i=p62296685506&a=191852609&r=2468
Yes 9:31 local time there
\\\\\Rumour Quake Shakes Tokyo/////
Posted by simmon on 17th of Mar 2011 at 08:41 am
Yes 9:31 local time there was an earth quake showing on japan TV. no confirmation yet on intensity
WOW futures taking a dive.
Can't wait for the newsletter !
Posted by simmon on 16th of Mar 2011 at 06:05 pm
WOW futures taking a dive. No Bid for USD-JPY causing it to tumble to all time low
Thanks Kobie. I thought the
simmon(spx1min) HS targeting 1257.50 ...but pos divergence.
Posted by simmon on 16th of Mar 2011 at 01:52 pm
Thanks Kobie. I thought the length would be taken from the bottom of the bounce which started at 1262 and ended at 1262
SPX Head and Shoulder 5min
spx5,breaking down...?
Posted by simmon on 16th of Mar 2011 at 01:32 pm
SPX Head and Shoulder 5min chart today and yesterday
LS and RS at 1280 and Top at 1287
Break below 1262 can take this to 1237
Inverse Head and Shoulder on
VXX still very high even though the market recovered some
Posted by simmon on 16th of Mar 2011 at 12:48 pm
Inverse Head and Shoulder on SPX 1 Min chart last 1 hour..break above 1268 will lead to 1274
FED CANCELS POMO???? http://www.zerohedge.com/article/fed-cancels-pomo
DJ EU ENERGY CHIEF: SITUATION AT JAPAN NUCLEAR PLANT OUT ...
Posted by simmon on 16th of Mar 2011 at 11:15 am
FED CANCELS POMO????
http://www.zerohedge.com/article/fed-cancels-pomo
UCO is the one I
Crude oil ETF
Posted by simmon on 15th of Mar 2011 at 08:57 am
UCO is the one I follow
WOW feels like Oct 2007
Complete panic into the close over here in asian markets ...
Posted by simmon on 15th of Mar 2011 at 05:28 am
WOW feels like Oct 2007 again. Futures are down 35+ now, should have held VXX going into close yesterday :-)
Solars are on fire to upside as safe future energy resource following uranium attack
US U. OF MICHIGAN CONFIDENCE
Over bought on the 5 min. time frame
Posted by simmon on 11th of Mar 2011 at 09:56 am
US U. OF MICHIGAN CONFIDENCE FOR MARCH (P) FALLS TO 68.2 VERSUS FORECAST OF 76.3; confidence was 77.5 in February.