SPX 819 down 1.5%. Still looking for a pullback around 775 to 750 to re evaluate whether the 667 is a longterm bottom
Good luck today! And have a great weekend after this up 25% move.
3/27/09
3/26/09
Ranges for Friday - No news is scarry enough for this market SPX 833 hit up 25% now
SPX Opens up 1% on Jobs and GDP report
Near rally highs again...watch the RSI for a trade
USO XLE XLK XLF XLY leading up 2%
USO XLE XLK XLF XLY leading up 2%
3/25/09
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 ($DJT) 40.80 43.80 (IYT long/short)
USO 26 to 28.40 (UCO or SCO)
XLK 14.40 to 14.90 (TYH or TYP)
XLE 40.30 to 42.30 (ERX or ERY)
XLF 6.80 to 8.05 (FAS or FAZ)
IYT ($DJT) 40.80 43.80 (IYT long/short)
USO 26 to 28.40 (UCO or SCO)
SPX up 11 at 817
3/24/09
Fed Treas'y ask for "wind down" Authority
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
3/23/09
Well We didn't get 1,000 DOW Points so 500 will have to do...
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
Print
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
Henry Blodget|Mar. 23, 2009, 12:54 PM|comment2
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
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
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%
Subscribe to:
Posts (Atom)