what I'm getting at is a lower Euro “usually” correlates with a lower S&P
Also, A lower Euro with a low volume rallies in stocks doesn't place much confidence in the Greece job.
If the retail sales comes out rotten. could get a big downday?
Would they finally get the Greece thing fixed over the 3 day weekend and then we rally big? Toni Hanson states the market tends to change direction at 2pm, as it did last friday. Will we change direction tomorrow at 2pm for a rally into tues?.
I've read in one of Red's sites that friday before Presidents day has a 80% chance of neg close for the day.
The headline in the WSJ (online) reads: “EU Leaders Agree on Support for Greece,” but the sub-header tells us that “Euro-zone countries will provide coordinated action if needed to preserve stability.” Ok, then… Let's look at the reaction of the Euro to this “agreement” to provide a financial assistance package to Greece: where IS the reaction? I certainly don't see one. Technically, EUR/USD remains in its 5-session range between Fri.'s low at 1.3585 and the high for the recovery rally at 1.3840, which right now has the look and feel of a sideways, bearish congestion area ahead of downside continuation. Bullish for the PowerShares DB US Dollar ETF (UUP). At this juncture, only a sustained climb above 1.3840/50 will trigger initial signals that a near-term low is in place. Otherwise, the EUR/USD likely will head considerably lower, which WILL get the attention of EU leaders AGAIN, and will compel them to actually DO something. Unfortunately, politicians ONLY spring into action WHEN FORCED — and that usually occurs when the markets are into panic mode. Let's see when that starts, with the EUR plunging towards 1.3400.
Earl and Dread,
I see a gap to fill on TZA. on 2-3 closed at 10.23 and on 2-4 it opened at 10.46. If it hit 10.21 and 10.25 AH does that quailify as filling that gap?
Thanks, Nice insight
what I'm getting at is a lower Euro “usually” correlates with a lower S&P
Also, A lower Euro with a low volume rallies in stocks doesn't place much confidence in the Greece job.
If the retail sales comes out rotten. could get a big downday?
Would they finally get the Greece thing fixed over the 3 day weekend and then we rally big? Toni Hanson states the market tends to change direction at 2pm, as it did last friday. Will we change direction tomorrow at 2pm for a rally into tues?.
I've read in one of Red's sites that friday before Presidents day has a 80% chance of neg close for the day.
Michigan-How do you know what GS is doing?
MID-DAY MINUTE BY MIKE PAULENOFF:
By Mike Paulenoff, http://www.MPTrader.com
The headline in the WSJ (online) reads: “EU Leaders Agree on Support for Greece,” but the sub-header tells us that “Euro-zone countries will provide coordinated action if needed to preserve stability.” Ok, then… Let's look at the reaction of the Euro to this “agreement” to provide a financial assistance package to Greece: where IS the reaction? I certainly don't see one. Technically, EUR/USD remains in its 5-session range between Fri.'s low at 1.3585 and the high for the recovery rally at 1.3840, which right now has the look and feel of a sideways, bearish congestion area ahead of downside continuation. Bullish for the PowerShares DB US Dollar ETF (UUP). At this juncture, only a sustained climb above 1.3840/50 will trigger initial signals that a near-term low is in place. Otherwise, the EUR/USD likely will head considerably lower, which WILL get the attention of EU leaders AGAIN, and will compel them to actually DO something. Unfortunately, politicians ONLY spring into action WHEN FORCED — and that usually occurs when the markets are into panic mode. Let's see when that starts, with the EUR plunging towards 1.3400.
It just ramped higher after that low point, so I ended up not getting any after hours.
Might be able to get it cheaper that that tomorrow morning. Never know.
Not according to GOOG's chart. I saw it hit as low as 10.25. Anyway, the AH session is closed. Did you add more TZA?
5:00-5:05 PM Eastern, low of 10.21
no?
He's about the best one I've seen, but there might be other's that I haven't heard of?
Well… at least it's only a small farm. I can always go on welfare, and live off the crooks for awhile. LOL