July market discussion
A good example is SQNM, it had a dead cat bounce and retraced almost all of it, I consider FRPT in the same camp.
The stock isnt going to run away, the bad news is serious and I can wait out the next few days or weeks..longer term getting a buy at 4.50, I would sell at 7-8 down the road, if that takes a year that is fine.
A good example is SQNM, it had a dead cat bounce and retraced almost all of it, I consider FRPT in the same camp.
The stock isnt going to run away, the bad news is serious and I can wait out the next few days or weeks..longer term getting a buy at 4.50, I would sell at 7-8 down the road, if that takes a year that is fine.
technical trading pattern which usually indicates a decline in the overall markets. was reading on a blog that we had one a few days ago and we are headed for a nice big fat retracement
ill have to do some reading but im thinking (and have been for a few weeks) that its time to load up on some triple short ETFs and let em run
technical trading pattern which usually indicates a decline in the overall markets. was reading on a blog that we had one a few days ago and we are headed for a nice big fat retracement
ill have to do some reading but im thinking (and have been for a few weeks) that its time to load up on some triple short ETFs and let em run
I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?
A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).
So say a 20 day moving average breaking through the 200 day, that is a golden cross.
I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
link
I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?
A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).
So say a 20 day moving average breaking through the 200 day, that is a golden cross.
I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
link
It would seem to me that we are going to be witnessing a lot of deceptive numbers...especially in comparative earnings and also in moving averages...recent numbers will be bad, but will look good in comparison to truly wretched numbers posted the last year.
Pure and simple, the stimulus was misdirected...and what recovery takes place will be thin gruel compared to what real recoveries of the past looked like,as el-Erian notes here:
https://www.pimco.com/LeftNav/Viewpoints/2009/El+Erian+FT+7-2+US+Jobs+Data.htm
It would seem to me that we are going to be witnessing a lot of deceptive numbers...especially in comparative earnings and also in moving averages...recent numbers will be bad, but will look good in comparison to truly wretched numbers posted the last year.
Pure and simple, the stimulus was misdirected...and what recovery takes place will be thin gruel compared to what real recoveries of the past looked like,as el-Erian notes here:
https://www.pimco.com/LeftNav/Viewpoints/2009/El+Erian+FT+7-2+US+Jobs+Data.htm
Don't get too dejected, though. We still have an economic plan with a heaping dose of hope.
Surely, you'll feel better when the president begins doling out his two-pronged, faith-based explanation — and if we're lucky, he'll do it at a "town hall" meetings with approximately 100 of his closest friends.
First, you should always assume things could have been worse.
This leap of faith involves buying the "save-and-created-jobs" myth the president likes to peddle. And if you're lucky enough to be working on some state-run boondoggle awash in freshly printed money, smile. As for the rest of America, we once again learn that government spending rarely spurs wider economic prosperity.
But let's, for argument's sake, make believe that the stimulus plan has saved or created 150,000 jobs.
By the end of June, $53 billion in stimulus funding has been spent on weatherizing projects, land bridges for rodents and checks for 10,000 formerly living Americans (this administration doesn't only create jobs, it creates life). That puts the cost of each job supposedly saved at about $354,000, or, exactly the sort of efficiency you'd expect from D.C.
Don't get too dejected, though. We still have an economic plan with a heaping dose of hope.
Surely, you'll feel better when the president begins doling out his two-pronged, faith-based explanation — and if we're lucky, he'll do it at a "town hall" meetings with approximately 100 of his closest friends.
First, you should always assume things could have been worse.
This leap of faith involves buying the "save-and-created-jobs" myth the president likes to peddle. And if you're lucky enough to be working on some state-run boondoggle awash in freshly printed money, smile. As for the rest of America, we once again learn that government spending rarely spurs wider economic prosperity.
But let's, for argument's sake, make believe that the stimulus plan has saved or created 150,000 jobs.
By the end of June, $53 billion in stimulus funding has been spent on weatherizing projects, land bridges for rodents and checks for 10,000 formerly living Americans (this administration doesn't only create jobs, it creates life). That puts the cost of each job supposedly saved at about $354,000, or, exactly the sort of efficiency you'd expect from D.C.
Was that on Bloomberg radio Koaj?
I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?
A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).
So say a 20 day moving average breaking through the 200 day, that is a golden cross.
I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
link
denninger blog talk radio - then dennis kneale called the bloggers idiots the next day referring to the golden cross. apparantly it was a bad(?) golden cross where the 50 goes under the 200. i dont get the whole thing anyway
Was that on Bloomberg radio Koaj?
I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?
A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).
So say a 20 day moving average breaking through the 200 day, that is a golden cross.
I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
link
denninger blog talk radio - then dennis kneale called the bloggers idiots the next day referring to the golden cross. apparantly it was a bad(?) golden cross where the 50 goes under the 200. i dont get the whole thing anyway
They saved the market yesterday late, I wonder if that happens again today.
One other comment..check out the KBE, the banking sector ETF. It is UP on the day and held decent yesterday too. Relative strength with these banks has been pretty good..I am looking at an entry of a KBE long, sold at 20 and would like getting it at 16 or below.
FRPT holding up, no follow through selling yet, also SQNM up 15% today.
They saved the market yesterday late, I wonder if that happens again today.
One other comment..check out the KBE, the banking sector ETF. It is UP on the day and held decent yesterday too. Relative strength with these banks has been pretty good..I am looking at an entry of a KBE long, sold at 20 and would like getting it at 16 or below.
FRPT holding up, no follow through selling yet, also SQNM up 15% today.
Hot Forum Topics
- 🏈🏈🏈 Fubah2's risky CFB bets 264,311
- Saturday 09/26/2026 477
- PART DEUX 175
- POY: Clemson +1 at Cal 6,370
- NCAA FOOTBALL. 151 27,947
- **$$$ MD Friday 9/25 $$$** 5,998
- Saturday Football 9,175
- Happening just recently . . . 34,769
- ***Macwesties * Sat. Sept. 26, 2026 * Week #4 * NCAAF College Football Plays*** 4,484
- Tenn Sucks so bad 459
Warning - External Link
Report User
This post is spam
Delete Post
Remove Thread
Scan Results
Login/Register
Accounts are free and easy to create.
Search
