Very nice rally. Buying off the 10dma works like a charm. Don’t fight this thing. The rig is in. Should see 1200 plus shortly. Don’t fight the Fed…………..
The Nasdaq %Above 50-day SMA ($NAA50R) is trading near the prior 2010 highs. This indicator surged to the mid 70s in January and again in April. Prior moves to this area signaled overbought conditions that led to a pullback
How disappointing. All those Nasdaq stocks had such phat hollow red bars yesterday and they didn’t produce. Apple, only up a buck today, Google only barely up (who knows if still is conisdering the market per SPY on Monday likes to move after the closing bell), CRM with a phat doji. It looks like the Nasdaq and Russell 2000 veered from the overall market midway through the session and put their highs of the day in then.
DJ30..
Thanks for that. Looking at that.. the market is never going down!! WOW!! Looks like it will never end…
Its under Helpful information >>>>>>>>>>>>
click on Tentative Outright Treasury Opreation
Red, I know today was a POMO day… when are the next ones??
Very nice rally. Buying off the 10dma works like a charm. Don’t fight this thing. The rig is in. Should see 1200 plus shortly. Don’t fight the Fed…………..
The Nasdaq %Above 50-day SMA ($NAA50R) is trading near the prior 2010 highs. This indicator surged to the mid 70s in January and again in April. Prior moves to this area signaled overbought conditions that led to a pullback
http://blogs.stockcharts.com/dont_ignore_this_chart/2010/10/nasdaq-above-50-day-sma-reaches-overbought-levels-naa50r.html
How disappointing. All those Nasdaq stocks had such phat hollow red bars yesterday and they didn’t produce. Apple, only up a buck today, Google only barely up (who knows if still is conisdering the market per SPY on Monday likes to move after the closing bell), CRM with a phat doji. It looks like the Nasdaq and Russell 2000 veered from the overall market midway through the session and put their highs of the day in then.
wow, anna was right, what a face ripper EOD. rofl!
Follow the bread crumbs, ha! Amazing – it’s headed right in that direction!
We just got a 117.62 print…
Here’s the print Trek caught…
http://reddragonleo.com/wp-content/uploads/2010/10/SPY_Spike_Down1.bmp