8/22/09

NYSE 52 week low list - Surprise, they are all leveraged short ETF's

New 52-week Lows (NYSE) Create your own scans

21 Aug 2009
Symbol Name Exch Open High Low Close Volume
DXD ProShares Ultra Short Dow 30 NYSE 37.900 37.940 36.850 37.010 6804504
EFU ProShares UltraShort MSCI EAFE NYSE 47.250 47.350 46.250 46.590 87007
MZZ ProShares Ultra Short Mid Cap400 NYSE 28.890 29.040 28.150 28.240 288377
PSQ ProShares Short QQQ Fund NYSE 50.750 51.110 50.330 50.430 410170
QID ProShares Ultra Short QQQ NYSE 25.930 26.270 25.450 25.540 19696060
REW ProShares UltraShort Technology NYSE 31.700 32.100 31.150 31.220 72352
RFN Rydex Inverse 2x S&P Select Sector Financial ETF NYSE 6.480 6.522 6.250 6.330 55380
RSW Rydex Inverse 2x S&P 500 ETF NYSE 71.260 71.600 69.460 69.800 155113
SCC ProShares UltraShort Consumer Services NYSE 50.280 50.490 48.880 49.080 92379
SDD UltraShort SmallCap 600 Fund NYSE 33.990 33.990 32.588 32.910 72988
SDS ProShares Ultra Short S&P 500 NYSE 44.280 44.460 43.100 43.280 37923903
SEF ProShares Short Financials NYSE 46.980 47.160 46.300 46.510 107793
SIJ ProShares UltraShort Industrials NYSE 32.560 32.784 31.510 31.700 64580
SKF ProShares UltraShort Financials NYSE 27.740 27.980 26.890 27.160 20152040
TWM ProFunds UltraShort Russell 2000 Fund NYSE 32.210 32.300 31.130 31.378 4408133
UNG United States Natural Gas Fund NYSE 11.450 11.740 11.290 11.350 49592068
Count: 16

Are we just stupid? From Washington blog

Obama's] first questionable post-victory step was to assemble an old boys’ club of Robert Rubin protégés and Goldman-Citi alumni as the White House economic team, including a Treasury secretary, Timothy Geithner, who failed in his watchdog role at the New York Fed as Wall Street’s latest bubble first inflated and then burst. The questions about Geithner’s role in adjudicating the subsequent bailouts aren’t going away, and neither is the angry public sense that the fix is still in. We just learned that nine of those bailed-out banks — which in total received $175 billion of taxpayers’ money, but as yet have repaid only $50 billion — are awarding a total of $32.6 billion in bonuses for 2009...

8/20/09

1,007 close, not much MOMO into the close

I have a gut feel that we are near a melt up....maybe I've seen too many stocks up 30 plus % in the last 3 weeks. Andthat 60 min MACD down trend div looks to be near an end perhaps

USO/UNG and GLD/SLV pair update


NATGAS futures -5% 2.94 near multi year support trend line... last night's continual contract close

To Ramp or not to ramp....Friday is Option Exp day so it could get busy this last hour and Friday morning

All XLF today up2.5%...any new highs would not get an RSI confirm. another red flag

From Bespoke

Will Oil Break Out Or Fail At Resistance?

At $72 and change, oil is currently trading at a key inflection point. As shown below, oil recently bounced nicely off of the bottom of its uptrend channel, and it is now butting up against resistance that formed when the commodity made its highs in June and July. If oil is able to break out above these short-term highs, there isn't much in the way of resistance until the $90 mark. With oil tracking so closely with the stock market recently, it's highly likely that the breakout will occur if the rally in equities continues.

Gentle move to OB on the 15 min


SPX over 1,000 on Leading indicators...getting OB on 15 min now

Thanks Estimator!, nice pick, Update on SPX DAX and FTSE performance

8/19/09

Spike on Oil report was faded but still good day off the 4 wk EMA again - some charts below

In addition to the regular SPX charts (15 60 min and Daily), uso, gld slv pair, uso ung pair,and a possible TLT 10 yr Tbond looking like it may sense fear in the market.
A SPX spike to new highs wouldn't surprise me even though it looks like we are bending down and in distribution mode over the last week or so. China looks over sold so that could move massively overnight (but they can't short so it won't be a cover rally (2400 - 2600 is support there))







USO follow up - looks like a inside move, headfake?. up 8% in 2 days

little set up on the 15 min for SPX

Dip over? 4 WK EMA holds again on the 60 min chart

SPX daily and the RSI, if it doesn't hold above the line, we could get a pretty good sell off short term....Top in place...?...need to wacth for it

China slips 4% again...2400 maybe support, SPX will open -1% or so but I think we could have a big dip which would set up for final leg up

Chart doesn't have last nights close

8/17/09

SPX 980 close on the lows... An up 50% market could be crazy when everyone tries forthe exit at once... The open was the low for SPX and lots more

Looking for Bernake to creat another scare so he can buy more Treay's at much lower yields. Charts below: UNG near 52 week lows again, TLT Tbonds look to be breaking out (Panic), $VIX-all technicals turned bearish for the market, SPX cloes on the 4 week EMA, SPX weekly RSI turned down and looks topish. All major sector ETF's were down over 3% and their 3X ETF went up 9 - 10%. UUP and TLT lead today.


5 SPX point bounce, if that classifies.. 30 min to go

SPX below 4 wk ema on daily....at 4 wk ema on 60 min trying to hold...one more dip before a bounce trade