Sundancer, are you saying that it is unlikely we could have a 100 SPX drop (over the course of several weeks) without the market gapping down below the trendline at the open?
June S&P E-mini Futures: Today's range estimate is 1205 – 1217. A swing to 1270 is now underway.
1201.25–1213.75 actual last Friday (12.50 points) 1216.75 high last night 1205-1217 estimate for today (12 points) 1213 currently, so estimate is -8 to +4 from here (Bearish)
All 3 of those occasions started with a initiation gap below the green TL with an acceleration downthrust. Until that happens, don't expect SPY to change it's behavior.
The green TL should be in the $SPX 1265-1285 region around the summer solstice.
TNA had a weekly HOLD signal last week, rose this week, and remains a Hold. The candlestick this week is a Long White Candlestick. AmericanBulls has this trade starting at $44.23 on March 3rd, and this week closed at 70.78, up 60%.
TZA had a weekly WAIT signal last week, fell this week, and remains a Wait. The candlestick this week is a Black Candlestick. AmericanBulls last placed a SELL on TZA at $9.83 on February 19th and this week closed at $5.41, down 44.9%.
Summary of Positive ETFs & a few popular ETFs & stocks (Market positive): Hold: TNA(3x, up 60.0%), AAPL(up 38.4%), UWM(2x, up 37.3%), IYR(1x RE, up 22.7%), IWM(1x, up 17.1%), QQQQ(up 17.5%),, USO (oil, up 4.8%), New Confirmed Buy: URE(2x RE)
Sundancer, are you saying that it is unlikely we could have a 100 SPX drop (over the course of several weeks) without the market gapping down below the trendline at the open?
9:47 est GS 153's
SPY gaps up, $VIX gaps up, GS falls out of bed! LOL
GS trending down.
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1205 – 1217. A swing to 1270 is now underway.
1201.25–1213.75 actual last Friday (12.50 points)
1216.75 high last night
1205-1217 estimate for today (12 points)
1213 currently, so estimate is -8 to +4 from here (Bearish)
It looks like we are going straight up to 11,816 dow first…
Let's keep things ultra simple
SPY has only been significantly below it's green TL on 3 different occasions in the past 430 calendar days.
http://www.flickr.com/photos/47091634@N04/45544…
All 3 of those occasions started with a initiation gap below the green TL with an acceleration downthrust.
Until that happens, don't expect SPY to change it's behavior.
The green TL should be in the $SPX 1265-1285 region around the summer solstice.
Hi Red,nice post… I have a video on Goldman Suks and a write up on my blog, go read it you will like my banter of the crooks
http://hotoptionbabe.com/2010/04/25/more-goldma…
Hi Red,nice post… I have a video on Goldman Suks and a write up on my blog, go read it you will like my banter of the crooks
http://hotoptionbabe.com/2010/04/25/more-goldma…
The Weekly view from Americanbulls
TNA had a weekly HOLD signal last week, rose this week, and remains a Hold. The candlestick this week is a Long White Candlestick.
AmericanBulls has this trade starting at $44.23 on March 3rd, and this week closed at 70.78, up 60%.
TZA had a weekly WAIT signal last week, fell this week, and remains a Wait. The candlestick this week is a Black Candlestick.
AmericanBulls last placed a SELL on TZA at $9.83 on February 19th and this week closed at $5.41, down 44.9%.
Summary of Positive ETFs & a few popular ETFs & stocks (Market positive):
Hold: TNA(3x, up 60.0%), AAPL(up 38.4%), UWM(2x, up 37.3%), IYR(1x RE, up 22.7%), IWM(1x, up 17.1%), QQQQ(up 17.5%),, USO (oil, up 4.8%),
New Confirmed Buy: URE(2x RE)
Action for TNA or TZA for tomorrow: none