Nice 2 day 2009 run so far of 5% for the SPX
Hope the charts are fixed next week
1/2/09
SPX up 26% from 740 low
Nice 2 day 2009 run so far of 5% for the SPX
Hope the charts are fixed next week
TLT T-Bond Bubble letting some air out?
No doubt some of this money is moving straight into the market today
123 to 116 with neg real yield must be helping remove speculators
Israel set to begin ground war against Hamas in Gaza
Israel set to begin ground war against Hamas in Gaza
(Menahem Kahana/AFP/Getty)
Israeli soldiers ready to deploy on the border with Gaza
Image :1 of 4
James Hider on the Gaza border, and Sheera Frenkel in Jerusalem
Israel is poised to launch a major ground offensive into Gaza tonight after allowing hundreds of foreigners living in the devastated territory to evacuate.
After a week of air strikes that have killed at least 420 Palestinians and left scores of buildings in rubble, the Israeli army was set to fling hundreds of troops and tanks into a blitz to stamp out Hamas’s military wing, The Times understands.
Despite the looming onslaught, more Hamas rockets – which have so far killed four Israelis – were fired into southern Israel today.
The Islamist group vowed that its attacks, which have lasted for years and which finally provoked the massive Israeli campaign, would not stop.
Related Links
Protests against Gaza attack sweep across the world
Israel on alert in Hamas 'day of wrath'
Hamas rockets threaten Israel’s nuclear plant
Multimedia
Gaza conflict
Pictures: Gaza protests
“I call on the resistance to continue pounding Jewish settlements and cities,” said Sheikh Abdelrahman al-Jamal at the funeral of a hardline Hamas political leader killed, together with his four wives and 11 children, in an Israeli air strike on his home.
“We will remain on the path of jihad until the end of days.”
The funeral was held outdoors because an earlier air raid had smashed the mosque where the service was due to take place. Israel said the building had been used to stockpile weapons.
Among the mounting Palestinian death toll today were three young brothers, aged between seven and 10, who were killed in one of the 30 or so strikes carried out by Israeli warplanes across the strip.
All along the border, Israeli tanks and troops have turned fields into makeshift camps from which to launch their offensive into Gaza. The Government has already mobilised more than 6,000 reserve troops and has given the green light to call up almost 3,000 more.
Artillery barrages were also being fired into the strip while aircraft dropped bombs on open ground that the army will need to cross, and where Hamas has placed mines and dug tunnels to allow its guerrillas to outflank the invaders.
Support for Operation Cast Lead is sky high in Israel, with polls showing that almost 85 per cent of the public backing the campaign.
There is also majority support for expanding it into a ground campaign, despite the dangers of high casualties in an urban battlefield against highly trained and motivated guerrillas waging war on their own turf. Almost 42 per cent of Israelis wanted the army to move in, while 39 percent favoured a continued air campaign.
Hamas has an estimated 15,000 fighters who have used the 18 months that they have controlled the strip to hone their skills and transform a militia into a small army. Hamas’s military wing has been waiting for a ground offensive to face the Israeli army in open combat, despite Israel’s vast military superiority.
The onslaught has provoked large anti-Israeli demonstrations around the world, with protest rallies held today in India, Indonesia, Turkey and Australia.
But Hamas’s call for a “day of wrath” in the Palestinian territories produced only a lukewarm response in the face of clampdowns by Israeli security forces.
Several thousand protesters marched through the West Bank city of Ramallah, while in East Jerusalem youths threw stones at Israeli security forces and some 50 women demonstrated outside the Friday prayers at al-Aqsa mosque.
The demonstrators directed their anger principally at their own Palestinian leaders, and heads of Arab countries whom they felt had not done enough to stop Israel’s seven-day incursion into Gaza.
“Abbas is with the Jews, not with the Arabs. If he really was supporting and working in favour of our Arab brother’s in Gaza, this wouldn’t have happened,” said Um-Mahr, a 66-year-old resident of East Jerusalem.
Akram Jwaeibis, 58, said Arab leaders today were afraid to do more than voice criticism of the Israeli government’s actions. “Most of them just talk. That is why we are waiting for Nasrallah. Or Haniyeh to do something more than talk.”
Diplomatic efforts to contain the crisis were growing after Israel’s surprise offensive in the days after Christmas caught the world off guard. “We are working toward a ceasefire that would not allow a re-establishment of the status quo ante where Hamas can continue to launch rockets out of Gaza,” said Condoleezza Rice, the outgoing US Secretary of State.
“It is obvious that that ceasefire should take place as soon as possible, but we need a ceasefire that is durable and sustainable,” she said.
A high-level European delegation is due in the region at the weekend, as were Nicolas Sarkozy, the French president, and Tony Blair, the international community’s envoy to the Middle East.
(Menahem Kahana/AFP/Getty)
Israeli soldiers ready to deploy on the border with Gaza
Image :1 of 4
James Hider on the Gaza border, and Sheera Frenkel in Jerusalem
Israel is poised to launch a major ground offensive into Gaza tonight after allowing hundreds of foreigners living in the devastated territory to evacuate.
After a week of air strikes that have killed at least 420 Palestinians and left scores of buildings in rubble, the Israeli army was set to fling hundreds of troops and tanks into a blitz to stamp out Hamas’s military wing, The Times understands.
Despite the looming onslaught, more Hamas rockets – which have so far killed four Israelis – were fired into southern Israel today.
The Islamist group vowed that its attacks, which have lasted for years and which finally provoked the massive Israeli campaign, would not stop.
Related Links
Protests against Gaza attack sweep across the world
Israel on alert in Hamas 'day of wrath'
Hamas rockets threaten Israel’s nuclear plant
Multimedia
Gaza conflict
Pictures: Gaza protests
“I call on the resistance to continue pounding Jewish settlements and cities,” said Sheikh Abdelrahman al-Jamal at the funeral of a hardline Hamas political leader killed, together with his four wives and 11 children, in an Israeli air strike on his home.
“We will remain on the path of jihad until the end of days.”
The funeral was held outdoors because an earlier air raid had smashed the mosque where the service was due to take place. Israel said the building had been used to stockpile weapons.
Among the mounting Palestinian death toll today were three young brothers, aged between seven and 10, who were killed in one of the 30 or so strikes carried out by Israeli warplanes across the strip.
All along the border, Israeli tanks and troops have turned fields into makeshift camps from which to launch their offensive into Gaza. The Government has already mobilised more than 6,000 reserve troops and has given the green light to call up almost 3,000 more.
Artillery barrages were also being fired into the strip while aircraft dropped bombs on open ground that the army will need to cross, and where Hamas has placed mines and dug tunnels to allow its guerrillas to outflank the invaders.
Support for Operation Cast Lead is sky high in Israel, with polls showing that almost 85 per cent of the public backing the campaign.
There is also majority support for expanding it into a ground campaign, despite the dangers of high casualties in an urban battlefield against highly trained and motivated guerrillas waging war on their own turf. Almost 42 per cent of Israelis wanted the army to move in, while 39 percent favoured a continued air campaign.
Hamas has an estimated 15,000 fighters who have used the 18 months that they have controlled the strip to hone their skills and transform a militia into a small army. Hamas’s military wing has been waiting for a ground offensive to face the Israeli army in open combat, despite Israel’s vast military superiority.
The onslaught has provoked large anti-Israeli demonstrations around the world, with protest rallies held today in India, Indonesia, Turkey and Australia.
But Hamas’s call for a “day of wrath” in the Palestinian territories produced only a lukewarm response in the face of clampdowns by Israeli security forces.
Several thousand protesters marched through the West Bank city of Ramallah, while in East Jerusalem youths threw stones at Israeli security forces and some 50 women demonstrated outside the Friday prayers at al-Aqsa mosque.
The demonstrators directed their anger principally at their own Palestinian leaders, and heads of Arab countries whom they felt had not done enough to stop Israel’s seven-day incursion into Gaza.
“Abbas is with the Jews, not with the Arabs. If he really was supporting and working in favour of our Arab brother’s in Gaza, this wouldn’t have happened,” said Um-Mahr, a 66-year-old resident of East Jerusalem.
Akram Jwaeibis, 58, said Arab leaders today were afraid to do more than voice criticism of the Israeli government’s actions. “Most of them just talk. That is why we are waiting for Nasrallah. Or Haniyeh to do something more than talk.”
Diplomatic efforts to contain the crisis were growing after Israel’s surprise offensive in the days after Christmas caught the world off guard. “We are working toward a ceasefire that would not allow a re-establishment of the status quo ante where Hamas can continue to launch rockets out of Gaza,” said Condoleezza Rice, the outgoing US Secretary of State.
“It is obvious that that ceasefire should take place as soon as possible, but we need a ceasefire that is durable and sustainable,” she said.
A high-level European delegation is due in the region at the weekend, as were Nicolas Sarkozy, the French president, and Tony Blair, the international community’s envoy to the Middle East.
A Critical Point in RSI PPO STO MACD and Trend line
could be real good or real bad...good till proven otherwise
SPX +3%
Nice and easy...acting like a Bull Market here...no sharp swings...see how she acts into the close
What about IRAN?
Anybody think Iran can't wait to shoot a couple of missiles at Israel? They'd call it coming to the defense of Hamas.... (Hope not)
Iran FM slams world inaction on Gaza
AFP TEHRAN (AFP) – Iranian Foreign Minister Manouchehr Mottaki hit out at the international community for not doing more in the face of Israel's deadly blitz on Gaza on Friday and demanded an immediate halt to the assault.
"We are calling for an immediate ceasefire, a halt to the attacks and aid for the population of Gaza as well as an end to the (Israeli) blockade of the Palestinian territory and the opening up of all the borders, particularly the ports," Mottaki said in a sermon at the main weekly Muslim prayers here.
Mottaki accused the Israeli navy of behaving like "a bunch of Somali pirates" after a patrol boat collided with an aid boat carrying medicines and international activists trying on Tuesday to break Israel's blockade of Gaza.
He said the Gazans were justified in their belief that some Arab countries had "betrayed" them.
Former president Akbar Hashemi Rafsanjani called on Muslims to provide political, financial and military help to the Hamas fighters.
"The Muslim community should give political, cultural, financial and armed support to the population of Gaza to enable it to resist," he said at Friday prayers.
Several thousand worshippers later marched through central Tehran to protest against the Israeli blitz, chanting "Death to Israel," "Death to America."
Similar protests were held in other Iranian cities, state television reported.
Iran is a staunch supporter of the Islamist Hamas movement, which controls Gaza, and does not recognise its archfoe Israel.
The death toll from Israel's aerial pounding of Gaza reached at least 422 on Friday as the onslaught entered its seventh day.
Dow Trans Out performing the Dow + 1.8%
IYT is the ETF. I don't see a 2 X ETF on this...if you do, please email me or comment below
DOW +85 XLF -.7%
I DON'T KNOW ABOUT YOU, BUT THIS FEELS LIKE THE MARKET COULD RUN A WAY HERE, BUT MORE LIKELY A SPIKE TOP. Just a feeling as the intra day charts are still wacked out
918 is res on the SPX 911 now +10 (+1%)
918 is res on the SPX 911 now +10 (+1%)
Stockcharts is not displaying charts correctly
so I can't post intra-charts till they are fixed.
Little pop this morning, but Wednesday overbought needs to be worked off before we can move higher.
Watching the daily RSI on the SPX which is near a year plus high to see if it acts as resistance.
1/1/09
DOW Transports 13 EMA has crossed the 34 EMA
I will spot light the trans ETF to see if we can make $$'s on this.
12/31/08
Ahh, got the time thing fixed
I won't be adding the time to the chart pic from now on
USO 31.80 SPX 898 DOW 8,738 only up 69 now
SPX 990 +1%
seems like we are up 5% but it's only 1%....one more punch up then the last rally of this pitiful year is done.
Crude report out USO fills gap down
USO is having a time trying to make a bottom.. gap down pre market below $29 now 30.20 on trend line trying to breakout here
12/30/08
SPX gap open to 874 USO - 3% Gap down
USO needs to work off overbought here, hopefully it doesn't crater.
SPX pop is overbought so I will wait for a pullback
12/29/08
SPX and USO EOD ranges
SPX Breaksout BUT STO is kinda hot to believe we get more than a quick pop Tuesday. USO nice 6% day off the bottom channel on the daily and closes at the high of the day.
USO daily chart indicates we got a decent bottom trade so we'll watch it work off this overbought on the 15 and 60 min then see if she can get us 20 or 30% from 27.75 low
From Bulkowski Blog ( http://thepatternsite.com/Blog.html#P9 )
A New Direction: The S and P 500 Index.
I show a chart of the S&P 500 index on the daily scale. A top red line connects peaks A, B, and C, forming a down-sloping trendline. Another red trendline connecting valleys D and E highlight a loose-looking support region. Price cuts through the bottom trendline in a false breakout from the descending triangle.
Descending triangles breakout downward 64% of the time, according to my statistics on over 1,150 of them. But the breakout has already happened in the late November plunge.
I drew another trendline parallel to the A-B-C trendline in green connecting the valley before E, E, and F.
The descending triangle can break out in any direction, and if it does breakout lower, the index could follow the green and red channel downward.
As I write this on Saturday 12/27, the chart pattern indicator has been bearish for 5 days now, close to the 7 needed for a reliable signal. My guess is the bear signal will stick, and that means more down coming. The indicator also shows bearish divergence between the indicator and the index, suggesting continued weakness.
Anything could happen in the new year and with Obama taking office in late January, that could cause more Americans to feel good about themselves and the economy. And that might cause the market to turn bullish.
-- Thomas Bulkowski
SPX open Ranges
Looks like a breakout from Friday is in place. And a trend line not too far below us
Morning, hope the Holidays are great!
USO diped while I was away but has screamed back, USO hit the mid 27's and is now 30.43. The daily looks to have held the RSI and MACD trends the way I thought it would. Looking for at least 20% to 36 and check the chart often.
US Markets are flat on Mideast War
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