The retail ETFs making new multi-week lows today with both XRT and RTH dropping below their bollinger bands. Quite remarkeable considering retail seemed to be the strongest sector during this Fed sponsored levitation. XRT has been getting hammered harder recently but I don’t understand the difference between the 2.
Meanwhile, if we’re following an analog from a certain historical epoch in the markets, the indicies should be down decently (under 2%) tomorrow. That is if we go from the Dow high since only the Dow and the New York Stock composite existed back then (maybe the SP).
Interesting that the markets topped out on the final day of the year, 41 years ago.
The full moon acted as an evening star last night rising just around dusk and it stayed below Jupiter all night long. The night before the two were right next to each other all night. I have a very limited understanding of celestial mechanics so I don’t really understand the significance of this.
And to match the weather reporting over at D.E.’s, it’s been quite nice around here lately: 87 * two days ago, 84 yesterday, and today only 76 degrees. A nice respite from the harsh winter conditions. And a dry warmth so it doesn’t even seem hot. Stays warm at night too. I feel like driving out to Palm Springs like Richard Gere circa 1979.
If I were to guess I’d say we have a short term top in from yesterday. I believe today we’ll go up to around even at the close and then drop tomorrow in a smaller wave C (or 3?). I think they want to pin the SPY tomorrow around the 183.50 zone.
I’d exit all longs prior to then as we are quite overbought on the short term charts now. With him speaking today (especially at the time he’s speaking) I’d be cautious here and go to cash. However, I still think the overall trend is still up until the 28th/29th and/or the Legatus meeting.
The target upside is still around 17,000 on the DOW (+/- 100 points) and around 1940 SPX (+/- 20 points). I don’t know which time period will be the top and therefore the turn, but I’m leaning more toward the Legatus meeting period then the FOMC meeting.
Check out the sky tonight especially at dusk. The full moon conjunct Jupiter. (and Sirius although Sirius is below the two and the elliptic.) Also next to the constellation Orion (Osiris, Rooster(Cogburn)) and its 3 Kings which are prominently displayed in the winter’s night sky. On the opposite end of the spectrum, Quetzi should now be rising as a morning star although I don’t bother to get up that early to confirm it. And the loose Cardinal grand cross continuing.
We might need to wait for some type of Pentecost before the celebration ensues. But Mardi Gras is lining up just right for the Pentecost. But I don’t see a 25 or 24 there.(Actually there is a 44 though) A PI maybe.
I’ll just concentrate on the 16th president then I guess in the meantime.
It looks like they wanted the 49ers—roid raging PED Hawks revenge matchup in Seattle next week for the NFC Championship game. No NO so no Mardi Gras ritual unless Fat Tuesday c’est manana which could be the case.
For the AFC matchup, there will be the typical Brady Popgun grudge matchup in Denver. A lot of numerology flashing as usual in the games yesterday but don’t have the time to go over them but there was the typical 1-11 flashing I see when Cam Newton and Carolina is involved and a nice little 11-7 flashed on Kaepernick’s TD run. I also noticed Denver’s #87 finished the season with 87 catches (for 1288 yards—only 1 yard off)—he of course being the #87 draftee of the 2010 draft class, also born in 1987.
Tomorrow is also 1119 days from the release of the Jeff Bridges 2010 True Grit remake, the M’s literary masterpiece and grand ritual allegory.
Maybe people should be looking up at the sky tonight. I wonder if something out of Europe might materialize overnight.
The retail ETFs making new multi-week lows today with both XRT and RTH dropping below their bollinger bands. Quite remarkeable considering retail seemed to be the strongest sector during this Fed sponsored levitation. XRT has been getting hammered harder recently but I don’t understand the difference between the 2.
Meanwhile, if we’re following an analog from a certain historical epoch in the markets, the indicies should be down decently (under 2%) tomorrow. That is if we go from the Dow high since only the Dow and the New York Stock composite existed back then (maybe the SP).
Interesting that the markets topped out on the final day of the year, 41 years ago.
The full moon acted as an evening star last night rising just around dusk and it stayed below Jupiter all night long. The night before the two were right next to each other all night. I have a very limited understanding of celestial mechanics so I don’t really understand the significance of this.
And to match the weather reporting over at D.E.’s, it’s been quite nice around here lately: 87 * two days ago, 84 yesterday, and today only 76 degrees. A nice respite from the harsh winter conditions. And a dry warmth so it doesn’t even seem hot. Stays warm at night too. I feel like driving out to Palm Springs like Richard Gere circa 1979.
If I were to guess I’d say we have a short term top in from yesterday. I believe today we’ll go up to around even at the close and then drop tomorrow in a smaller wave C (or 3?). I think they want to pin the SPY tomorrow around the 183.50 zone.
EURUSD Chart analysis: http://niftychartsandpatterns.blogspot.in/2014/01/eurusd-chart-update_16.html
Bernanke Speaks today at 11:10 am EST, which is odd I think. Some how I bet he speaks a minute later. http://online.barrons.com/mdc/public/page/9_3063-economicCalendar.html
I’d exit all longs prior to then as we are quite overbought on the short term charts now. With him speaking today (especially at the time he’s speaking) I’d be cautious here and go to cash. However, I still think the overall trend is still up until the 28th/29th and/or the Legatus meeting.
The target upside is still around 17,000 on the DOW (+/- 100 points) and around 1940 SPX (+/- 20 points). I don’t know which time period will be the top and therefore the turn, but I’m leaning more toward the Legatus meeting period then the FOMC meeting.
Check out the sky tonight especially at dusk. The full moon conjunct Jupiter. (and Sirius although Sirius is below the two and the elliptic.) Also next to the constellation Orion (Osiris, Rooster(Cogburn)) and its 3 Kings which are prominently displayed in the winter’s night sky. On the opposite end of the spectrum, Quetzi should now be rising as a morning star although I don’t bother to get up that early to confirm it. And the loose Cardinal grand cross continuing.
We might need to wait for some type of Pentecost before the celebration ensues. But Mardi Gras is lining up just right for the Pentecost. But I don’t see a 25 or 24 there.(Actually there is a 44 though) A PI maybe.
I’ll just concentrate on the 16th president then I guess in the meantime.
Ford Motors chart analysis: http://niftychartsandpatterns.blogspot.in/2014/01/ford-motors-support-and-resistance.html
TESLA Motors chart analysis: http://niftychartsandpatterns.blogspot.in/2014/01/tesla-motors-chart-analysis.html
Looks like yesterday never happened… LOL!
It looks like they wanted the 49ers—roid raging PED Hawks revenge matchup in Seattle next week for the NFC Championship game. No NO so no Mardi Gras ritual unless Fat Tuesday c’est manana which could be the case.
For the AFC matchup, there will be the typical Brady Popgun grudge matchup in Denver. A lot of numerology flashing as usual in the games yesterday but don’t have the time to go over them but there was the typical 1-11 flashing I see when Cam Newton and Carolina is involved and a nice little 11-7 flashed on Kaepernick’s TD run. I also noticed Denver’s #87 finished the season with 87 catches (for 1288 yards—only 1 yard off)—he of course being the #87 draftee of the 2010 draft class, also born in 1987.
Tomorrow is also 1119 days from the release of the Jeff Bridges 2010 True Grit remake, the M’s literary masterpiece and grand ritual allegory.
Maybe people should be looking up at the sky tonight. I wonder if something out of Europe might materialize overnight.