I didn't even notice that. No mention of july sales (since they were disappointing with almost all retailers across the board missing estimates) and no mention on Yahoo Finance or Blommberg main pages. The fix is in.
666 calendar days from October 10,2008 is in 2days. My math could be off so +/- 1 day or if Feb 2009 had 29 days. —– I have another trading day cycle that came in 2 days ago. It had a good track record up to the Jan highs but has been spotty since. But it did accelerate the market downward in Jan and during the May 20 week.
Yeah, don't buy that market is cheap BS and I know you don't. ECRI weekly leading economic indicators is already predicting a recession; it's hit the -10% market which has a 100%correllation with the onset of recession (if you really believe we ever left one—the socalled recovery was fueled by inventory restocking and stimulus). One guy I subscribe to pours through the economic reports and he said they were horrible this week while I see IBD crowing about the better than expected reports this week on its front page. By the way,July retail sales were supposedly out today but I notice the mainstream media has ignored them today. XRT, retail ETF, peaked in mid July and had a massive reversal bar then and is showing a massive negative divergence as has the $sox.
We moved against internals all day. Either we're in for a steep fall tomorrow and if we don't, then off to the moon we go. Why I can't understand. Keep hearing market is cheap, market is cheap. That's only if you buy the bs estimates analysts have out for 2nd half and only if corporate continue to cuts costs (layoff people) because revenues were soft already Q2 for a lot of companies. The ponzi charade has to end at some point.
I was just going to post: Russell 2000 closes at a new low for the day while the Dow closes near its high of the day. Normally I would say that's the type of divergence and weakness seen at the top but there are always computers ready to ramp up the next moonshot during the overnight session. Still I like what I see. Russell 2000 also never got back to its high from last week while the other indices made new highs. Also breadth ended up being more negative at the end of the day than an hour and a half ago when all the indices were lower.
I didn't even notice that. No mention of july sales (since they were disappointing with almost all retailers across the board missing estimates) and no mention on Yahoo Finance or Blommberg main pages. The fix is in.
666 calendar days from October 10,2008 is in 2days. My math could be off so +/- 1 day or if Feb 2009 had 29 days.
—–
I have another trading day cycle that came in 2 days ago. It had a good track record up to the Jan highs but has been spotty since. But it did accelerate the market downward in Jan and during the May 20 week.
Yeah, don't buy that market is cheap BS and I know you don't. ECRI weekly leading economic indicators is already predicting a recession; it's hit the -10% market which has a 100%correllation with the onset of recession (if you really believe we ever left one—the socalled recovery was fueled by inventory restocking and stimulus). One guy I subscribe to pours through the economic reports and he said they were horrible this week while I see IBD crowing about the better than expected reports this week on its front page. By the way,July retail sales were supposedly out today but I notice the mainstream media has ignored them today. XRT, retail ETF, peaked in mid July and had a massive reversal bar then and is showing a massive negative divergence as has the $sox.
We moved against internals all day. Either we're in for a steep fall tomorrow and if we don't, then off to the moon we go. Why I can't understand. Keep hearing market is cheap, market is cheap. That's only if you buy the bs estimates analysts have out for 2nd half and only if corporate continue to cuts costs (layoff people) because revenues were soft already Q2 for a lot of companies. The ponzi charade has to end at some point.
I was just going to post: Russell 2000 closes at a new low for the day while the Dow closes near its high of the day. Normally I would say that's the type of divergence and weakness seen at the top but there are always computers ready to ramp up the next moonshot during the overnight session. Still I like what I see. Russell 2000 also never got back to its high from last week while the other indices made new highs. Also breadth ended up being more negative at the end of the day than an hour and a half ago when all the indices were lower.
Interesting article Jim. Some how I don't think wallstreet will like that bill as much as main street will. LOL
Almost!!!!!!
Dow will be green
R2K is leading a drop along w/ rvix
Wish i had a hooters near me. Ah! At my age i would not know what to look at.