well im expecting some upward movement for today at about 10.15 to 1 and a sell off after that so im looking to get out of long either today and going short in by mid day today after the last funds of the feds have been used
Dow Jones Futures broke above 10800 level yesterday. Got resisted at 10915 today. So one can look to buy above 10915 again when it moves above this level.
That’s exactly what I’m think too ACP. The charts are all now very overbought. With no new money to support the market, it should hard and quick… especially if the jobs report this Friday is really good.
They will fear a rate hike on the interest rates and sell off on that fear. Or course if it’s really bad, then they could sell off there too. It’s the old “buy the rumor”, “sell the news” deal.
I just can’t see it not selling on by Friday, no matter what the data is. A big sell off is just days away now.
Not to mention there’s always a “data gap”, not just technical gaps. When bad news is not priced into the market, the market tends to fill in these “data gaps”, not at an absolute level, but on a relative basis.
10: 05 (date)
41 : 14 (score) where does the 41 come from???Where has there ever been a 41 in football? Yesterday’s was 30:14 so another 11 for the winner. 1 or “41” is under 1 or 10…1 of “14” is under 5. Add the numbers from top to bottom and you get some interesting numbers. 1+41=42 or 24 (1+1 to go with 4) or 64 ie 5+1 to go with 4. 24 and 64 definitely Cramer Code and Social Network numbers. 64=8×8 64+24=88 and 64+42=106 (42 is another number mentioned in Social Network)…..
Anyway, Cramer gives us a lesson in charting today and uses Opentable (open) as the daily example. It closed at 65.96 down 1. He talks about the key reversal recently (most likely Sept 30)(encoded in that close is a key date some are talking about and it was featured in the Cramer Code for Apple’s stock which was down 11.69 that day)and then he shows the key reversal from the summer solstice high on June 22 which coincidentally was 3 months 14 days ago today. Today is also 58days from 8-8 and 40 days from August 26 low (8-26 or 8-8).
It is also 26 trading days up from that low today which would make it ab=cd in terms of time for both rallies from the July low rally and 66 tds from the July low.
Check out the news bits on the newyorkfed.org website and you’ll see that the last POMO schedule was released 9/13, with the first POMO of this traunche purchased 2 days later, on 9/15.
If they stick to this dogma after the schedule is released on 10/13, we should see the next POMO start 10/15, which would give a full 6 trading days before the next POMO traunche starts.
Hopefully, the momentum will be great enough to jam the downward momentum by then.
well im expecting some upward movement for today at about 10.15 to 1 and a sell off after that so im looking to get out of long either today and going short in by mid day today after the last funds of the feds have been used
Since yesterday’s move was a big one. we can expect to see some sideways or negative movement before it breaks out again.
Dow Jones Futures broke above 10800 level yesterday. Got resisted at 10915 today. So one can look to buy above 10915 again when it moves above this level.
Yep! Looks like time for a correction or some sideways action!
Unless, of course, the governments interfere with free market action (again) and spook people back into Au/Ag. 😉
anoopsan do you happen to have the DJ pre market as well im watching it slide down from overnight trading to start at about yesterdays close.
S&P 500 Futures before opening bell
That’s exactly what I’m think too ACP. The charts are all now very overbought. With no new money to support the market, it should hard and quick… especially if the jobs report this Friday is really good.
They will fear a rate hike on the interest rates and sell off on that fear. Or course if it’s really bad, then they could sell off there too. It’s the old “buy the rumor”, “sell the news” deal.
I just can’t see it not selling on by Friday, no matter what the data is. A big sell off is just days away now.
Not to mention there’s always a “data gap”, not just technical gaps. When bad news is not priced into the market, the market tends to fill in these “data gaps”, not at an absolute level, but on a relative basis.
My daily Cramer update: Interesting as usual.
Today’s scoreboard:
10: 05 (date)
41 : 14 (score) where does the 41 come from???Where has there ever been a 41 in football? Yesterday’s was 30:14 so another 11 for the winner. 1 or “41” is under 1 or 10…1 of “14” is under 5. Add the numbers from top to bottom and you get some interesting numbers. 1+41=42 or 24 (1+1 to go with 4) or 64 ie 5+1 to go with 4. 24 and 64 definitely Cramer Code and Social Network numbers. 64=8×8 64+24=88 and 64+42=106 (42 is another number mentioned in Social Network)…..
Anyway, Cramer gives us a lesson in charting today and uses Opentable (open) as the daily example. It closed at 65.96 down 1. He talks about the key reversal recently (most likely Sept 30)(encoded in that close is a key date some are talking about and it was featured in the Cramer Code for Apple’s stock which was down 11.69 that day)and then he shows the key reversal from the summer solstice high on June 22 which coincidentally was 3 months 14 days ago today. Today is also 58days from 8-8 and 40 days from August 26 low (8-26 or 8-8).
It is also 26 trading days up from that low today which would make it ab=cd in terms of time for both rallies from the July low rally and 66 tds from the July low.
Check out the news bits on the newyorkfed.org website and you’ll see that the last POMO schedule was released 9/13, with the first POMO of this traunche purchased 2 days later, on 9/15.
If they stick to this dogma after the schedule is released on 10/13, we should see the next POMO start 10/15, which would give a full 6 trading days before the next POMO traunche starts.
Hopefully, the momentum will be great enough to jam the downward momentum by then.