Staying in cash…….no conviction either way IMO. Gap up/gap down in the am? Stay away and in cash for the most part! Have a great night one and all!
hmmmmm if the sheep have less money next year……Fiscal cliff…IMO it will not matter!
Correct, that company will be “the big one”, but the timeline has changed. It’s still in “the mix” but won’t happen until later this month or early next year. But I have a different one that I want everyone to watch and learn from… as it’s an example of the power of this…
Later tonight Sol… this email coming will only be a “watch”, not a “buy” so it’s not time sensitive as future emails will be. This is only the start of what I’ll be offering as I could be getting a new deal every week?
Makes a lot of sense too me now… thanks. I agree that there aren’t enough bears to produce a nice squeeze, and also not enough to breakdown the market through support. This is why it’s currently holding up fairly nicely today. If there were a lot of bears onboard we’d be down 15 points or more.
But, no one wants to short right here. I know I don’t. I’m still looking for 1430-1435 to be a good shorting level. This current level isn’t worth taking a chance on for fear of a move up higher due to low volume and the money the Fed’s will put in the market Wednesday and Thursday.
Doesn’t feel safe to go long either as it looks too tired to rally up much farther. Could it get up to 1430-1435 still? I don’t know but I’ll be waiting to short it if it does. Of course every other bear will probably be there waiting too… which could help or hurt me? LOL
Investor Sentiment: There Are No Bears
From Zero Hedge:
… When looking at the sentiment data, we note three things.
One, the bearish extremes in investor sentiment are not too extreme. The recent bearish extreme in the “dumb money” indicator (i.e., bull signal) has lasted all but one week. The last signal on June 8, 2012 lasted all but one week as well. Our models (over 20 years of data) usually see two or more weeks of bearishness amongst investors before a bottom is forged.
Two, there is no consensus among the various sentiment data. For example, company insiders (i.e., the “smart money”) are typically buying when the “dumb money” is selling. But this past week, we find company insiders actually selling to a degree last seen when the Fed announced QE3.
Three, there are no bears. When looking at the leveraged Rydex investors (personal data), we find that they are becoming more bearish, but they haven’t acted on that bearishness. They essentially have moved to the safety of the sidelines. Without committed and invested bears, there will be no short covering… and without short covering, there will be little fuel to power any rally. So the problem with this market is that it can’t seem to sell off enough to produce a sustainable rally. There are not enough bears or bulls. If the market went lower, we would see more of each.
As expected, the market has found a floor. Holiday trading, hope and the expectation for a fiscal cliff resolution, and fading the “dumb money” are some of the reasons. But the rubber band isn’t stretched too far. However far the rally goes, it will likely be…
Read more at http://investmentwatchblog.com/trader-alert-the-market-could-now-be-entering-a-euphoria-stage-major-investment-kaboom-coming/#f1Mu6F4axKuXRM7P.99
Staying in cash…….no conviction either way IMO. Gap up/gap down in the am? Stay away and in cash for the most part! Have a great night one and all!
hmmmmm if the sheep have less money next year……Fiscal cliff…IMO it will not matter!
Correct, that company will be “the big one”, but the timeline has changed. It’s still in “the mix” but won’t happen until later this month or early next year. But I have a different one that I want everyone to watch and learn from… as it’s an example of the power of this…
so the situation with the company changed?
Later tonight Sol… this email coming will only be a “watch”, not a “buy” so it’s not time sensitive as future emails will be. This is only the start of what I’ll be offering as I could be getting a new deal every week?
how bout that email red?
Looking at the charts gang I believe we will rally tomorrow. Don’t know how high but I wouldn’t stay short overnight.
COPPER Triangle pattern: http://niftychartsandpatterns.blogspot.in/2012/12/copper-triangle-pattern.html
Makes a lot of sense too me now… thanks. I agree that there aren’t enough bears to produce a nice squeeze, and also not enough to breakdown the market through support. This is why it’s currently holding up fairly nicely today. If there were a lot of bears onboard we’d be down 15 points or more.
But, no one wants to short right here. I know I don’t. I’m still looking for 1430-1435 to be a good shorting level. This current level isn’t worth taking a chance on for fear of a move up higher due to low volume and the money the Fed’s will put in the market Wednesday and Thursday.
Doesn’t feel safe to go long either as it looks too tired to rally up much farther. Could it get up to 1430-1435 still? I don’t know but I’ll be waiting to short it if it does. Of course every other bear will probably be there waiting too… which could help or hurt me? LOL
Investor Sentiment: There Are No Bears
From Zero Hedge:
… When looking at the sentiment data, we note three things.
One, the bearish extremes in investor sentiment are not too extreme. The recent bearish extreme in the “dumb money” indicator (i.e., bull signal) has lasted all but one week. The last signal on June 8, 2012 lasted all but one week as well. Our models (over 20 years of data) usually see two or more weeks of bearishness amongst investors before a bottom is forged.
Two, there is no consensus among the various sentiment data. For example, company insiders (i.e., the “smart money”) are typically buying when the “dumb money” is selling. But this past week, we find company insiders actually selling to a degree last seen when the Fed announced QE3.
Three, there are no bears. When looking at the leveraged Rydex investors (personal data), we find that they are becoming more bearish, but they haven’t acted on that bearishness. They essentially have moved to the safety of the sidelines. Without committed and invested bears, there will be no short covering… and without short covering, there will be little fuel to power any rally. So the problem with this market is that it can’t seem to sell off enough to produce a sustainable rally. There are not enough bears or bulls. If the market went lower, we would see more of each.
As expected, the market has found a floor. Holiday trading, hope and the expectation for a fiscal cliff resolution, and fading the “dumb money” are some of the reasons. But the rubber band isn’t stretched too far. However far the rally goes, it will likely be…
Read more at http://investmentwatchblog.com/trader-alert-the-market-could-now-be-entering-a-euphoria-stage-major-investment-kaboom-coming/#f1Mu6F4axKuXRM7P.99
Could be just about bottomed now?
http://screencast.com/t/L6DWltgG