I read your work. My observation is consolidation week instead of near top. Expecting a new high in the short term trending above 1150 (S&P500) before short term top is form. Asia (SSE composite, HSI and STI) consolidating for the past few days aligning with US. I think SSE will be leading the market soon. Hints from China “top management” loosening fiscal spending – recent announcements include high-speed rail extension and infrastructure work at western China up to multi RMB$ Trillions. Expect more public, water, energy, etc. projects soon. Double dip unlikely from the July PMI data (Slow expanding or bottoming) across the world except headlines “Worries” by analysts. Corporate results also very positive at Asia and EU aligning with US corporate results. I'm bullish short term and direction will be clear next week.
Thanks Red, very good video! I am following the sun and like Seeking Alphas TNX call. I am holding pocket aces and have my poker face on! lol Red Dawn tomorrow would make my morning cup of java! Best regards, pzy5t0
It's going for gap fill right now.
Look at that bounce off gap down already.
should be 150 point 1.5% down day minimum and it will not happen.
The jobs report dies not discuss July huge increase in companies that move to 3day work week. Underemployed are not counted.
I read your work. My observation is consolidation week instead of near top. Expecting a new high in the short term trending above 1150 (S&P500) before short term top is form. Asia (SSE composite, HSI and STI) consolidating for the past few days aligning with US. I think SSE will be leading the market soon. Hints from China “top management” loosening fiscal spending – recent announcements include high-speed rail extension and infrastructure work at western China up to multi RMB$ Trillions. Expect more public, water, energy, etc. projects soon. Double dip unlikely from the July PMI data (Slow expanding or bottoming) across the world except headlines “Worries” by analysts. Corporate results also very positive at Asia and EU aligning with US corporate results. I'm bullish short term and direction will be clear next week.
Have a nice weekends. Cheers!
New update from BAM Investors…
http://screenr.com/AnO
Lot's of signs on wall pointing toward the Sun… and I'm reading them closely. See you in the morning.
Thanks Red, very good video! I am following the sun and like Seeking Alphas TNX call. I am holding pocket aces and have my poker face on! lol Red Dawn tomorrow would make my morning cup of java! Best regards, pzy5t0
Mr. Topstep…
http://www.youtube.com/watch?v=jjLQS9v2zZs
VIX futures and cash out of sync…
http://www.youtube.com/watch?v=-6-RO25w9d8
Thanks ill check it out