4/9/09
SPX New rally highs 846
Notice how the big moves are gap up/down on premarket... playing regular hours is extremely tough
SPX XLF to open at rally highs
Presto! Banks never had a problem... (The govt should close the markets till this gets sorted out, I bet a ton of people get wiped out today because of these lies. Not to mention the BS since last Sept.)
Good luck today...could be a final run or the next leg up. Need to see how the charts look on the open.
4/8/09
Runners this morning
Click to link
1. RT - Ruby Tuesday, Inc.
Last: 6.02
%Chg: +54.76%
2. LNC - Lincoln National Cor...
LNC
Last: 9.29
%Chg: +34.83%
Chg: +2.40
3. PFG - Principal Financial ...
PFG
Last: 12.80
%Chg: +26.11%
Chg: +2.65
4. HIG - Hartford Financial S...
HIG
Last: 10.42
%Chg: +23.31%
Chg: +1.97
1. RT - Ruby Tuesday, Inc.
Last: 6.02
%Chg: +54.76%
2. LNC - Lincoln National Cor...
LNC
Last: 9.29
%Chg: +34.83%
Chg: +2.40
3. PFG - Principal Financial ...
PFG
Last: 12.80
%Chg: +26.11%
Chg: +2.65
4. HIG - Hartford Financial S...
HIG
Last: 10.42
%Chg: +23.31%
Chg: +1.97
4/7/09
USO materials XLE REIT's down over 3% here
The strangest consumer credit numbers just came out...check the google link to the left... We need to outsource Gov't Accounting!
Look for 1.5% drop as futures hit. 810 is target support
Be back in the afternoon. If this is the rally's end the charts look to agree. New highs in RSI need to be made on any reload and run. I do did expect a much larger spike to end this so I will day trade before I do a position trade.
XLF support is around 9.05 to fill a gap
Have a great morning!
XLF support is around 9.05 to fill a gap
Have a great morning!
4/6/09
Gold below 40 wk ema... looks dead. watch for the 10 wk ema to cross to confirm...double top
Deflation upon us? or just no inflation...
SPX Ranges for Tuesday - over 845 and We could see 945 on a spike soon
OBV Trend break soon? worked on the downside twice....
4/5/09
Alert: CHINA $SSEC EMA update
On the daily , the 50 200 EMA are 4 points from crossing. The 200 is still moving down so it needs to turn. SSEC is now up 50% from it's lows. I will post the chart Monday, but the RSI is not confirming this last high so it could pullback quite a bit. On the weekly the 10 40 EMA are pointed up and could cross in a few weeks. Just FYI. I can see a pretty good pullback then run when / if the cross takes place.
Looking for maybe 2200 to 2350 area for a china play. PGJ FXI are the etf's
Looking for maybe 2200 to 2350 area for a china play. PGJ FXI are the etf's
4/3/09
Japan, FTSE, SPX
Japan has a double bottom in FTSE and SPX on bounce after lower low. The SPX made a pre 2002 low and the FTSE held it's 2002 low. Japan has lost it's customers in the US and the Brits are broke but not as broke as the US. Who's fooling who. I am surprised/impressed the FTSE didn't break 2002 lows though.
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