Looks like bulls are back at it again. They never cease to amaze me. But again, this market isn’t about good earnings or good fundamentals, it’s about stealing the sheeps’ money. And I’m guessing there are a lot of bears’ stops sitting up here in this area and even more just above 1900 SPX.
You can pretty much say that it’s almost a guarantee that SkyNet is going to push this market over 1900 now and hit all those “buy stops” before it rolls back down any. Why? Because that’s what it’s programmed to do! The news doesn’t matter, it never does. I would now look for that 1925 area rising trendline to be hit before any decent pullback.
Derek Jeter on his farewell tour broke a 161 at bat homerless streak dating to last July 28, last night when he knocked one out of the park. 161=23×7
Jeter hit it off the pitcher with the 12-16-1987 birthday. It was his 257 career home run.
A certain sports web site currently has a feature story showing Jeter and Pujols (2-5 or 5-2) congratulating each other and saying their performances are back but not to 2009 levels.
SPY Analysis after close: http://niftychartsandpatterns.blogspot.in/2014/05/spy-analysis-after-closing-bell_14.html
Looks like bulls are back at it again. They never cease to amaze me. But again, this market isn’t about good earnings or good fundamentals, it’s about stealing the sheeps’ money. And I’m guessing there are a lot of bears’ stops sitting up here in this area and even more just above 1900 SPX.
You can pretty much say that it’s almost a guarantee that SkyNet is going to push this market over 1900 now and hit all those “buy stops” before it rolls back down any. Why? Because that’s what it’s programmed to do! The news doesn’t matter, it never does. I would now look for that 1925 area rising trendline to be hit before any decent pullback.
APPLE Weekend analysis: http://niftychartsandpatterns.blogspot.in/2014/05/apple-weekend-update.html
SPY Analysis after close: http://niftychartsandpatterns.blogspot.in/2014/05/spy-analysis-after-closing-bell_10.html
EURUSD Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/05/eurusd-chart-analysis.html
New Mothers Day Weekend Video: http://reddragonleo.com/2014/04/20/the-scary-planetary-alignment-due-on-april-21st-2014/
Where will the SPX bottom before the next bounce? It’s all up to the Dollar/Yen in my opinion http://screencast.com/t/wxBzJm68i
Next level of support… http://screencast.com/t/NCTBIOvbXgfI
Crude oil chart update: http://niftychartsandpatterns.blogspot.in/2014/05/crude-oil-resistance-levels.html
Derek Jeter on his farewell tour broke a 161 at bat homerless streak dating to last July 28, last night when he knocked one out of the park. 161=23×7
Jeter hit it off the pitcher with the 12-16-1987 birthday. It was his 257 career home run.
A certain sports web site currently has a feature story showing Jeter and Pujols (2-5 or 5-2) congratulating each other and saying their performances are back but not to 2009 levels.