3/25/09

SPX Ranges For Thursday - Today up 2% down 5% and up 4% gezzzzz


Trendline Bounce 45 Min to Go

If the rally is real: Some pullback targets

SPX 741 to 775 (TNA or TZA)
XLK 14.40 to 14.90 (TYH or TYP)
XLE 40.30 to 42.30 (ERX or ERY)
XLF 6.80 to 8.05 (FAS or FAZ)
IYT ($DJT) 40.80 43.80 (IYT long/short)
USO 26 to 28.40 (UCO or SCO)

Reversal to red...at trend line here

1:10 SPX 60 Min chart for the 20 plus % rally so far

SPX 12:10 near highs

CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES

CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES

10:15 WALL - 3rd RSI sell Sig adds to red flags

SPX up 17 823, Spike time. My guess is a knock your socks off reversal today or Thursday. But just trade the chart.


SPX up 11 at 817



Be VERY careful if you are long as this makes it's way above 824 and new rally highs. Should get volatile

3/24/09

Another Dip to Buy? SPX Ranges for Wednesday


C 60 min Chart


is this a cup and handle?

Fed Treas'y ask for "wind down" Authority


Uchi-Makikomi
Inner wind-down throw.

Here is a nice example. Note the inner thigh throw entry and the arm that has moved from the lapel grip to over the head and the arm is working like a pendulum moving in an upward motion.

Would it work on AIG or GE?

Upper channel bringing in sellers on SPX - XLF about the only thing Green here

Mini Melt up?

SPX 12:35 still walking the 8 ema here,RSI playing above 50

DOW Lows 2002 and now? (I don't have an opinion)

Biggest Difference I see is how far away the DOW is today from the 200 Day MA.



2002
DOW now

SPX Pullback target 775 - 750 on this break


Buy the dips has been working for 2 weeks - SPX -5 or .7% now

See how long that lasts. also walking the 8 EMA on rallies

SPX Opens Down 1.5% -

3/23/09

Well We didn't get 1,000 DOW Points so 500 will have to do...

SPX RSI breakout on the daily today. Today was a higher high after a 5% PULLBACK...LOOKS GOOD FOR A WHILE. 833 was my 25% target from low

DOW up 366 1,000 point day?!?

SPX making a try to highs of the day

Bailouts Of Bondholders Will Sock Taxpayers With $10-$14 Trillion Loss

Bailouts Of Bondholders Will Sock Taxpayers With $10-$14 Trillion Loss
Henry Blodget|Mar. 23, 2009, 12:54 PM|comment2
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Tags: Economy, Wall Street, Citi, Tim Geithner, Bailout, Treasury, Banks, Financial Crisis, Financial Services

The outrage of all outrages in the last 18 months is the complete protection of bank and corporate bondholders at taxpayer expense. These bondholders lent money to reckless banks and corporations who bet the farm on the premise that house prices would always go up. And they lost.

Now, thanks to bailout nation, taxpayers are on the hook for trillions. Bondholders, meanwhile, have lost next to nothing.

Today's $1 trillion Treasury plan is just more of the same: A byzantine public-private partnership that will put $1 trillion of taxpayer money on the line so bondholders won't lose a dime.

Read More Click Here

$SML SMALL CAPS ( TNA Long x3 TZA x3 Short) near 10 week MA

ISLE Up 20% , Damn Estimator!! whewww

SPX up 4.6% - Ever seen an up 1,000 pt DOW day?

XLE Up over 6% today...nice ERX +18% on that move

SPX 60 Min chart

Good post - The Rally Is at a Crossroads

The Rally Is at a Crossroads 33 comments
by: Chris Ciovacco March 20, 2009 | about stocks: DBC / EEM / GDX / GLD / TIP / USL / USO
Chris Ciovacco


Even after the current "powerful rally", the S&P 500 is still down over 12% YTD, something to keep in mind if you feel we are missing something. All we have missed year-to-date is a 12% loss. Bear markets always give people a reason to stick around. Wednesday, we commented "...rather than signaling the end of the bear market, the more probable outcome for the current rally in the S&P 500 is for it to fail somewhere between current levels and 806." This rally may have further to run, but Wednesday's
high on the S&P 500 was 803. READ MORE CLICK

Important - XLF is not able to get over Thursday's 9.70 high

This could get interesting. 8.90 now +9.2%

Estimators Picks are up 5 to 12% this morning!

SPX +4% 799 - OB here

SPX 3% 793 Good Housing #'s out

Strong Open

Tim's Plan out today 783 on SPX Pre market...not a 15 min trend line break yet



FAS up 20% on XLF 8% move pre-market

3/20/09

SPX Ranges for Monday - I would like to see how this acts around 741 (old Nov Low)




Up 1.6% on the week... Weekly RSI still pointed up

This obviously looks like a short term top but I am giving it the benifit of the doubt because the buy sig on the weekly RSI has been reliable

SPX Bounce - One Hour to go (Close to a 5% rally correction)


Ummm anything can happen toward the close on Options ex day