In the equity indexes, trends across all time frame are up. But weakness and divergence are showing. Foreign stocks are weakening. Nasdaq sans the big giants, are turning down. Healthcare took a hit today. But Finance is still strong. Money continues to flow into finance and general equity indexes, while pulling out of other speculative 3x.
I made some mistakes lately by letting my market expectation impair my judgement of the prevailing trend. My donation to the betting pool was my punishment. I am reformed now.
AAPL's 10% threshold above regulatory limit is in the 251 region
Regulators will not allow more than 7-10% movement above limit if the regulators have plans to run it to new highs after the downside de-leverage pt. is hit. The action today confirms that this is the terminal move for AAPL.
I'll have to look this weekend but many of the regulated issues during 2000 ended 27-36% above regulatory limit and then they proceeded to lose 90% of it's value. AAPL will be no different. AAPL regulatory limit is 229 so you have a max range of $290 – $311.
Sundancer, just realized you said that AAPL wouldn't get 10% above it's Pi Ritual level. Seems we are just reaching that now. Will be interesting to see what happens from here.
June S&P E-mini Futures: Today's range estimate is 1197 – 1209. I think that the 1180 low ended the correction and that a swing to 1270 is now underway.
1197–1205 actual yesterday (8 points) 1201.75-1209.50 range last night 1197-1209 estimate for today (12 points) 1204 currently, so estimate is -7 to +5 from here (somewhat bearish)
In the equity indexes, trends across all time frame are up. But weakness and divergence are showing. Foreign stocks are weakening. Nasdaq sans the big giants, are turning down. Healthcare took a hit today. But Finance is still strong.
Money continues to flow into finance and general equity indexes, while pulling out of other speculative 3x.
I made some mistakes lately by letting my market expectation impair my judgement of the prevailing trend. My donation to the betting pool was my punishment. I am reformed now.
food for thought
tradingperspective.blogspot.com
I told him to go to CNBC with John Harwood at 2 pm. Hope that is fine with u.
Bears last stand : Bulls want to finally bust out of the corral
http://www.flickr.com/photos/47091634@N04/45403…
Ok, I called up Obama and told him the deal. He's going to speak this Thursday for me, as I requested him too.
http://www.moneycontrol.com/news/world-news/us-…
We need Obama to speak again about regulating the banks. That will get the selling started. Let me give him a call on my Bat Phone…
Thanks for the response.
AAPL's 10% threshold above regulatory limit is in the 251 region
Regulators will not allow more than 7-10% movement above limit if the regulators have plans to run it to new highs after the downside de-leverage pt. is hit. The action today confirms that this is the terminal move for AAPL.
I'll have to look this weekend but many of the regulated issues during 2000 ended 27-36% above regulatory limit and then they proceeded to lose 90% of it's value. AAPL will be no different. AAPL regulatory limit is 229 so you have a max range of $290 – $311.
Sundancer, just realized you said that AAPL wouldn't get 10% above it's Pi Ritual level. Seems we are just reaching that now. Will be interesting to see what happens from here.
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1197 – 1209. I think that the 1180 low ended the correction and that a swing to 1270 is now underway.
1197–1205 actual yesterday (8 points)
1201.75-1209.50 range last night
1197-1209 estimate for today (12 points)
1204 currently, so estimate is -7 to +5 from here (somewhat bearish)