I just got back, took waaaay longer than expected, missed half
the day due to family commitments. Obviously a volatile day
and a pullback the last 1.5 hrs of the day as intra day negative
divergence formed, which played out. I see that I got a ton
of questions; remember I was gone, I will of course be doing
tonight's update as well as tomorrows. Today the SPX peaked
over 875 but failed to close above it. Tomorrow will be
important again, many times the market shows its 'true' poker hand
the day after the FED
Some sectors/groups that stood out today and that interest me
are:
Posted by steve101 on 29th of Apr 2009 at 07:20 pm
MATT,
I noticed the price action in stocks like MEE. Have you noticed
that point and figure charts on lots of gold stocks, CEF, slv, many
silver stocks are very positive suggesting upside from here. The
COTS data suggests a possibility of a move up, as does the dollar
index for a swing trade at least. Your thoughts this night would be
appreciated.
I just got back, took
OK guys, per my message earlier, I'm leaving, won't be ...
Posted by matt on 29th of Apr 2009 at 05:26 pm
I just got back, took waaaay longer than expected, missed half the day due to family commitments. Obviously a volatile day and a pullback the last 1.5 hrs of the day as intra day negative divergence formed, which played out. I see that I got a ton of questions; remember I was gone, I will of course be doing tonight's update as well as tomorrows. Today the SPX peaked over 875 but failed to close above it. Tomorrow will be important again, many times the market shows its 'true' poker hand the day after the FED
Some sectors/groups that stood out today and that interest me are:
Uranium, Coal, Solar, Tankers
GOLD
Posted by steve101 on 29th of Apr 2009 at 07:20 pm
MATT,
I noticed the price action in stocks like MEE. Have you noticed that point and figure charts on lots of gold stocks, CEF, slv, many silver stocks are very positive suggesting upside from here. The COTS data suggests a possibility of a move up, as does the dollar index for a swing trade at least. Your thoughts this night would be appreciated.
Steve C
Tonight's Update
Posted by jwolfi1184 on 29th of Apr 2009 at 05:35 pm
Glad you are back. Looking forward to tonight's update.