Posted by sschulman on 1st of Jul 2011 at 04:13 pm
I sure can't think of a possible rational reason for today. The
new moon theory is just as good as any other. Zach06, I did look at
the May 2nd 2011 bar on a daily chart. Believe it or not, it looks
like May 2nd was the day following a new moon!! Go figure! :-)
On thin volume. Look at the first of the month since last
summer. Big candles on most of those months -- recently, they
are reversed -- the last four months have marked short term
tops.
T = Neutral / W = Neutral / Th = Bullish / F = Bullish (but T
looks bearish by market breakdown & W looks slightly less
bearish; increasing bullishness from there through F)
Presidential Cycle 3rd year stats for SPX (1955-2007
averages):
Zach06 and MarketGuy
Massive Short Squeeze
Posted by sschulman on 1st of Jul 2011 at 04:13 pm
I sure can't think of a possible rational reason for today. The new moon theory is just as good as any other. Zach06, I did look at the May 2nd 2011 bar on a daily chart. Believe it or not, it looks like May 2nd was the day following a new moon!! Go figure! :-)
1st of month mutual fund buying
Posted by kalinm on 1st of Jul 2011 at 04:15 pm
On thin volume. Look at the first of the month since last summer. Big candles on most of those months -- recently, they are reversed -- the last four months have marked short term tops.
Ohhh, Kalinm that makes sense.
Posted by sschulman on 1st of Jul 2011 at 04:26 pm
1st of month mutual fund buying! I should have remembered! (Slapping myself lightly on the forhead!)
Have good weekend, everyone.
Also, I think almost all
Posted by ditch on 1st of Jul 2011 at 05:00 pm
Also, I think almost all 3 day weekends and especially the 4th of July is seasonality bullish. I had mentioned that a while back.
Stock Traders Almanac stats for next week:
Posted by lessarda on 2nd of Jul 2011 at 03:25 pm
T = Neutral / W = Neutral / Th = Bullish / F = Bullish (but T looks bearish by market breakdown & W looks slightly less bearish; increasing bullishness from there through F)
Presidential Cycle 3rd year stats for SPX (1955-2007 averages):
T = -0.05% / W = 0.30% / Th = -0.17 / F = 0.19%
Stats don't count under our Current Socialist Model
Posted by zach06 on 2nd of Jul 2011 at 07:23 pm
But the model's been in place since FDR!
Posted by lessarda on 3rd of Jul 2011 at 03:31 pm
5/2 is pretty much your point of reference
Posted by zach06 on 1st of Jul 2011 at 04:14 pm
that's where the shorts came in.... break that ..and your going to 1400 for sure.