Well, it is the end of the month, so I’m sure they are selling some high risk stocks and buying safer ones (got to hold them for at least 3 business days per month). But I think we’ll peak Thursday (around 2025-2030 SPX) and then we should pullback 30-40 points minimum into early next week.
have you noticed that sell offs come on pretty large volume, but breakouts are on tiny volumes. We’re in the ultimate “kick the can” scenario here, whether we’re talking about debt, Greece, Ukraine, mortgages, buybacks, etc. The entire focus seems to be “lets get past this week” and they do it over and over again.
I wouldn’t be surprised to at least see a couple flat days.
I forgot to mention IBB closed above its upper BB as well yesterday. Today it dropped despite the markets’ gains. The Nasdaq was subdued as well but it did finally put in a divergent high on the 60 min chart. I guess today was influenced by the Yellen effect. I thought that it was announced that she would speak on the 25th a few weeks ago.
Tomorrow is another historical day for Greek independence. A day when the Greek patriot Alexander announced that the Greek independence movement had the backing of Russia. Hmmm interesting. Beware of Greeks bearing false gifts (to the EU)???
It’s a 25 day as well which is a personal connection. Or 27. James Deen, Lindsay Lohan’s costar in the CanyONS (which was actually released 1 year 207 days ago or 572 days from 2-25) has a 2-7 birthday making him 29 years 18 days old tomorrow.
As for Patriot’s day, tomorrow will be 1year 10months 10 days from Fahrenheit 415 or 111. It will be 1011 days from Quetzi’s return and 995 days from the grand reunion/ Ray Bradbury’s demise. Nothing special is happening astrologically but maybe Mayan mathematics might be taking prescedence. 1011==13×77.7777 1027 days from MCA’s demise. BB’s Sabotage video does have the room 205 reference. Looks like some of the Luperci have been doing tribute covers lately.
I’d like to see the market trade sideways the rest of the day and not break earlier highs already made on the SPY, IWM, QQQ, etc… Then it would give better odds of drop to start Wednesday and last at least 2 days.
The original FP on the SPY of 211.80 has been hit but again these prints haven’t always produced a “turn” in past. They are only targets that they plan to take the market too… not always a stop and turn point, as sometimes they just pause there for awhile and then continue in the same direction.
But considering how overbought the charts are on the short term it’s likely that a turn back down should start soon. Possibly they retake the high today and head up toward the other FP of 212.97 SPY… or just somewhere in-between?
Putting the FP’s aside (as I certainly don’t have the “insider” code to understand how to read it) the technical analysis of the market on various time frames, along with this being the last week of February suggests a pullback soon.
LOL… yes, I meant 2125-2130 SPX.
you meant 2125-2130
Well, it is the end of the month, so I’m sure they are selling some high risk stocks and buying safer ones (got to hold them for at least 3 business days per month). But I think we’ll peak Thursday (around 2025-2030 SPX) and then we should pullback 30-40 points minimum into early next week.
have you noticed that sell offs come on pretty large volume, but breakouts are on tiny volumes. We’re in the ultimate “kick the can” scenario here, whether we’re talking about debt, Greece, Ukraine, mortgages, buybacks, etc. The entire focus seems to be “lets get past this week” and they do it over and over again.
I wouldn’t be surprised to at least see a couple flat days.
Gold charts: http://niftychartsandpatterns.blogspot.in/2015/02/descending-channel-and-golden-ratio-of.html
I forgot to mention IBB closed above its upper BB as well yesterday. Today it dropped despite the markets’ gains. The Nasdaq was subdued as well but it did finally put in a divergent high on the 60 min chart. I guess today was influenced by the Yellen effect. I thought that it was announced that she would speak on the 25th a few weeks ago.
Hmm, a lot of 92s for tomorrow.
Tomorrow is another historical day for Greek independence. A day when the Greek patriot Alexander announced that the Greek independence movement had the backing of Russia. Hmmm interesting. Beware of Greeks bearing false gifts (to the EU)???
It’s a 25 day as well which is a personal connection. Or 27. James Deen, Lindsay Lohan’s costar in the CanyONS (which was actually released 1 year 207 days ago or 572 days from 2-25) has a 2-7 birthday making him 29 years 18 days old tomorrow.
As for Patriot’s day, tomorrow will be 1year 10months 10 days from Fahrenheit 415 or 111. It will be 1011 days from Quetzi’s return and 995 days from the grand reunion/ Ray Bradbury’s demise. Nothing special is happening astrologically but maybe Mayan mathematics might be taking prescedence. 1011==13×77.7777 1027 days from MCA’s demise. BB’s Sabotage video does have the room 205 reference. Looks like some of the Luperci have been doing tribute covers lately.
I’d like to see the market trade sideways the rest of the day and not break earlier highs already made on the SPY, IWM, QQQ, etc… Then it would give better odds of drop to start Wednesday and last at least 2 days.
The original FP on the SPY of 211.80 has been hit but again these prints haven’t always produced a “turn” in past. They are only targets that they plan to take the market too… not always a stop and turn point, as sometimes they just pause there for awhile and then continue in the same direction.
But considering how overbought the charts are on the short term it’s likely that a turn back down should start soon. Possibly they retake the high today and head up toward the other FP of 212.97 SPY… or just somewhere in-between?
Putting the FP’s aside (as I certainly don’t have the “insider” code to understand how to read it) the technical analysis of the market on various time frames, along with this being the last week of February suggests a pullback soon.
Thanks Red !
Cool Video explaining the cover: https://www.youtube.com/watch?v=-hzMQiLZW0w