This is probably a fake breakout (of the rising support line) to lure in more bears. It needs 2 days below the line to confirm the move. If so, then 104.00 spy is next level.
I still believe we will rally all next week, causing a short squeeze on the bears that went short at the end of the day. Many people seen that trend line break today (108.00) and jumped on short.
I think it's a fake move. I'm down a little on my USO calls as the closed at $1.41 today and I bought them at $1.60. But, the UUP (the dollar) tagged the 200dma today and should pull back for a few days.
That will rally the market and commodities. So, I can still see the USO going up to 38 by the end of next week, and the SPY could go back up to 111-112 area.
This is probably a fake breakout (of the rising support line) to lure in more bears. It needs 2 days below the line to confirm the move. If so, then 104.00 spy is next level.
I still believe we will rally all next week, causing a short squeeze on the bears that went short at the end of the day. Many people seen that trend line break today (108.00) and jumped on short.
I think it's a fake move. I'm down a little on my USO calls as the closed at $1.41 today and I bought them at $1.60. But, the UUP (the dollar) tagged the 200dma today and should pull back for a few days.
That will rally the market and commodities. So, I can still see the USO going up to 38 by the end of next week, and the SPY could go back up to 111-112 area.
Market is already in a good bounce if you look at the SFPF ratio. Has nothing to do with suntan lotion. I like it so far, just created it tonight.
Secondary Fear Ratio divided by Primary Fear This is a cool chart. It is linear based. And has more animals on it than you can shake a stick at.
Secondary Fear
Divided By
Primary Fear
The formula is shown embedded in the chart in the black rectangle
Maybe I should have done the ratio the other way….but I like making money when the chart is going down, and I have so many darn critter pasted on here, its too late to change. 🙂
Comments appreciated. Better yet, post your own ratio charts if you have the wherewithal,or unlimited time, yeah right…..
Well, Goldman Sachs has 962 people that made over a Million Dollars last year. I guess they'll be building new houses and will put some of those 2 million people to work. What a country!
You steal the money from the poor working man, and then fire him. Next, you take the money you stole and buy your own stock… which triples in price. At the high, you issue new shares to the people you stole the money from, and take that money and write yourself $14 Billion in bonuses… which you finally use to hire back the poor working man to build you a new mansion, rub your feet, wash your cars, perform sexual favors, etc…
thanks Red
This is probably a fake breakout (of the rising support line) to lure in more bears. It needs 2 days below the line to confirm the move. If so, then 104.00 spy is next level.
I still believe we will rally all next week, causing a short squeeze on the bears that went short at the end of the day. Many people seen that trend line break today (108.00) and jumped on short.
I think it's a fake move. I'm down a little on my USO calls as the closed at $1.41 today and I bought them at $1.60. But, the UUP (the dollar) tagged the 200dma today and should pull back for a few days.
That will rally the market and commodities. So, I can still see the USO going up to 38 by the end of next week, and the SPY could go back up to 111-112 area.
I'll know more on by my weekend post.
Red
Red
Whats your thoughts now about next wk? thought they would hold it up today – but – no deal
thx
This is probably a fake breakout (of the rising support line) to lure in more bears. It needs 2 days below the line to confirm the move. If so, then 104.00 spy is next level.
I still believe we will rally all next week, causing a short squeeze on the bears that went short at the end of the day. Many people seen that trend line break today (108.00) and jumped on short.
I think it's a fake move. I'm down a little on my USO calls as the closed at $1.41 today and I bought them at $1.60. But, the UUP (the dollar) tagged the 200dma today and should pull back for a few days.
That will rally the market and commodities. So, I can still see the USO going up to 38 by the end of next week, and the SPY could go back up to 111-112 area.
I'll know more on by my weekend post.
Red
Red
Whats your thoughts now about next wk? thought they would hold it up today – but – no deal
thx
I wouldn't be surprised if we rally to 112.00 spy by next Friday. I think the GDP numbers will start the rally today.
Good point….how many people could hold a position over this weekend?
One of my account is up 25% this year, other one, 2%. I may just flatten both of them and go hiking this weekend!!! Yeah!!
Market is already in a good bounce if you look at the SFPF ratio. Has nothing to do with suntan lotion. I like it so far, just created it tonight.
Secondary Fear Ratio divided by Primary Fear
This is a cool chart. It is linear based. And has more animals on it than you can shake a stick at.
Secondary Fear
Divided By
Primary Fear
The formula is shown embedded in the chart in the black rectangle
Maybe I should have done the ratio the other way….but I like making money when the chart is going down, and I have so many darn critter pasted on here, its too late to change. 🙂
Comments appreciated. Better yet, post your own ratio charts if you have the wherewithal,or unlimited time, yeah right…..
http://oahutrading.blogspot.com/2010/01/seconda…
Does anyone know best way to go long in printing presses and bank note paper and ink?
Well, Goldman Sachs has 962 people that made over a Million Dollars last year. I guess they'll be building new houses and will put some of those 2 million people to work. What a country!
You steal the money from the poor working man, and then fire him. Next, you take the money you stole and buy your own stock… which triples in price. At the high, you issue new shares to the people you stole the money from, and take that money and write yourself $14 Billion in bonuses… which you finally use to hire back the poor working man to build you a new mansion, rub your feet, wash your cars, perform sexual favors, etc…