7/15/09

933 close up 3% points of convergence as the charts below show



No wonder Banks do so well (lol)...they will have to de book this one though

NH man charged 23 quadrillion dollars for smokes

24 minutes ago

MANCHESTER, N.H. (AP) — A New Hampshire man says he swiped his debit card at a gas station to buy a pack of cigarettes and was charged over 23 quadrillion dollars. Josh Muszynski checked his account online a few hours later and saw the 17-digit number — a stunning $23,148,855,308,184,500 (twenty-three quadrillion, one hundred forty-eight trillion, eight hundred fifty-five billion, three hundred eight million, one hundred eighty-four thousand, five hundred dollars).

Muszynski says he spent two hours on the phone with Bank of America trying to sort out the string of numbers and the $15 overdraft fee.

The bank corrected the error the next day.

Bank of America tells WMUR-TV only the card issuer, Visa, could answer questions. Visa, in turn, referred questions to the bank.

FOMC minutes

FOMC minutes: Pace of contraction is slowing, but economic activity to remain weak for a time. Fed expects exceptionally low levels of federal funds rate for an extended period. Higher unemployment forecast, and the board is wary of buying more Treasurys.

932 SPX hod, FYI weekly 40 EMA is 933

Now entering the SPX 930 level...Interesting to see if they sell'em here or we just have a 400 pt DOW day....We have not had many reversal days- watch

SPX trying for 930 Res 927 hod - everything is pop'in today

SPX at that 923 level - Tbonds have been killed the last 3 days and yields are spiking higher (TLT)

SPX gap to 920 open...hot stuff, trend line BO, 923 is a 63% retrace on the 956 to 869 pullback

7/13/09

XLE and XLF set ups (60 min charts)


SPX 901 close a 50% retrace of pullback from 956 to 869 - Ranges for Tuesday

SPX could get a nice spike on close covering - overbought though - Nice EMA trade today

SPX highs of day, looks ready for a MACD kiss to get us over 900? Into res from last week

USO (UCO SCO) could breakdown even though it's way oversold...watch for trendline break

UNG trigger and off lows below 12 - may be a failed try to rally

Sell Sig to watch for on broad market - $SML (TNA TZA) - sell the break below on the RSI

XLF 60 min chart...OB here, held 11.10 area FAS up 12% today

UNG new lows - weekly - RSI not confirming this low...watch for big dip to pick up cheapies or accumulate?

15 Min OB here, look for a pause...check the daily SPX for seling at this EMA line for fakeout potential

SPX +1.8% on XLF XLP XLY XLV strength

SPX up 5 pts, XLF up3%, base building and hanging above 880 so far

SPX flat , XLF leading Energy down again