Month End Markup
Can the big funds keep the market levitated for three more days while the Israelis are bombing Gaza? With incredibly light volume and the SEC looking the other way, I’m guessing that they can.
Now We Know Why the UAW Wouldn’t Take a Pay Cut
They have a ritzy country club to maintain! Black Lake should be opened to the tax-paying public until Detroit is off the public dole.
The USA’s Demise
A couple of weeks ago, I linked to a story about the Russian Professor who is predicting the breakup of the USA. Now the Wall Street Journal has done a story on him.
In Other News…
…it looks like General George S. Patton was killed by American and Russian assassins instead of dying in a car crash at the end of World War Two.
On Patton,
My grand father was an officer in Patton’s 3rd army and he told me many years ago that Patton was killed.I know if he was still alive he would agree with this story.
Looks like Palin will have to relocate.
Dax up 2%, futures flat… Rally on good news?
SAP-founder Hasso Plattner is a bit pessimistic for the next year: “There is total fog. We have no idea what to do next” said the 64-year-old multi-billionaire…
The smart investors buys stocks in companies which admit they have lost the plot because as soon as they find it again, stocks will rally even more
Oil up on Israel/Hamas. Marc Faber recommends gold, silver and oil.
@Yerk: Germans love recessions, too!!!
Slow day.. low volume.. markets just all went red slightly.
Hi Matt-
The SPX BB’s are pulling in pointing to a big
move up or down in the future. The 5,3,3 full
stoc suggests a retest of the prior high.
Have a great day.
Sherry
Hey Sherry.. is this sudden move down a fakeout you think for a push higher then? Q’s are looking very weak as well as financials.
SRS took off this morning as the holiday sales #’s are going to spell doom more most retailers and commercial real estate.
UAW: of course. What else would they do with the “dues”? Take a look at the United Way building in Washington, D.C.!
Russians: bite me. No one in Russia predicted they would be capitalists so why believe the U.S. will fold. The U.S. keeps the rest of the world running and they know it.
General George S. Patton: Only the good die young.
double top resistance on SRS which it failed to pierce.
Hi Charlie-
Is the current move a fakeout??? I don’t know. I
have my eye on SPX 850. The cum. tick has been
hitting higher highs and lower lows…thus holding
the SPX in its current range bound market. No
one is winning. I use the tick to see what the
locals (big boys) are up to. If you can, I suggest
you use a 10-minute MA of the NYSE tick. It
will put you in sync with the money flow…and
if you trade with the money flow, you should
always win.
Have a great trading day.
Sherry
Thanks for the tip Sherry. Being on the right side of the money flow is always the right way to go.
Is there anyway to see what you’re suggesting via stockcharts?
spy leading the buying on weakness charts, exxon the selling on strength. There is a whole bunch of energy plays behind exxon. Using Hamas as an excuse to get rid of the stuff?
Hamas is guilty!!! For everything!!!
Hi Charlie-
Google Quote.com U.S. Markets-chart for
cumulative tick($tick)
The chart is real-time and free. You can set
it up anyway you want to…I use the 4-minute MA/
9-minute MA/18-minute MA of the NYSE tick.
I would give you a link to click on, but I don’t
know how to do it. My Dad is the computer
expert and he is gone. Google should get
you there.
Sherry
Got some SRS.. 60.22. Missed $55 on Friday… grr.. grumble.. !@#!
Another down all day, then up at the close?
Hey George.. you’re looking for your MOAR again? Not sure if we are going to see it. This market seems to be rolling over. Bullish sentiment is 68% for today through to Jan 2nd. If that is telling of anything.. I think this market is going to roll over now and trap all the longs that went between 860 and 920 on the SPX.
This whole oil boost due to conflicts in the middle east is total BS. As Matt pointed out, these conflicts have never had an effect on oil in past so this mornings pop in oil was meant to be shorted.
Charlie, maybe a small MOAR. SDS hasn’t lost the upper time frames since December 18th. This confinuation is expected but SDS on the 60min is headed for a double top shortly. I expect something to happen there.
Currently, SDS is hitting a double top on the 5min.
FYI.. we have a potential bullish MACD cross on SRS on the daily chart.
@Charlie: Very good buy!!!
Thanks Dressguard
All I want for New Years is the scene is some reality to kick in and a few more Circuit City’s and Linen’n and Things bankruptcies to thin out those malls and I’ll be happy.
I mean, why do there need to be 2 game shacks and 2 Abecrombie and Fitch’s in the same mall?
I mean, why do there need to be 2 game shacks and 2 Abecrombie and Fitch’s in the same mall?
You like to see things going tits up!
Babysitting time… out of SRS @ 61.82. Good for $1.60.
Will wait for a re-entry.
Coward!!!
WTG Charlie!
lol.. I am a coward Dressguard.. when it comes to these markets.. ttthhheeyyy’ssss ggggoott me sssscaared….!!
I am now about to attempt the impossible..
1) Feed my 16 month old lunch
2) Fry an egg
3) Trade these markets
ALL AT THE SAME TIME!!!!
You’ll have more success trading the markets Charlie.
FSLR still doing good my system said buy christmas eve
has anyone been able to duplicate Sherry’s path ? “Google Quote.com U.S. Markets-chart for cumulative tick($tick)”
“The chart is real-time and free. You can set
it up anyway you want to…I use the 4-minute MA/
9-minute MA/18-minute MA of the NYSE tick.”
dave, I haven’t but after the market closes I’m going to.
We have molasses today but no pancakes.
I did..
http://new.quote.com/us/stocks/chart.action?s=%24TICK&chartUi.period=V&chartUi.bardensity=LOW&chartUi.studies=BOLL(20%2C2)%3BEMA(4%2C9%2C18)%3BMACD(12%2C26%2C9)%3BRSI(14)%3B&chartUi.overlay=spx&chartUi.bartype=CANDLE&chartUi.size=800×550&chartUi.minutes=1
Not sure if that is going to work though.
BTW.. George.. the egg turned out great… the baby is fed and happy.. missed all my intended entry points for SRS..
SRS is struggling with $63.
Ahm, just jumped over that hurdle.
thanks, George & Charlie. I use to be able to get DJI Tick when i was a broker. Loved when DJI was + or – 30. Fade that easy.
Wow.. SRS keeps on going.. I don’t know if I will have another oppty to reenter at this rate.
Hmm.. SRS and the market are moving in 2 directions. SRS keeps on going up, but SPY looks like it wants to bounce here. I wonder if SRS can continue to make like salmon and swim upstream.
Charlie, I stand to be corrected. Glad the egg and baby turned out okay. Those are the important things in life.
Hoping for a mini-MOAR.
oh.. lookie that.. didn’t think it could last long.. bye bye SRS.. now for my entry…
I give BBT, ICE, UYG and SSO permission to go to the moon.
lol George… are you in all 4 at once?
oh.. inverse H-S patten on the SPY. It is probably the 1000th one this year. Maybe it will actually fill?? SPY target is around $86.42. Not too high.
Look at the 5 min chart.
That’s roughly 866 or so on the SPX BTW..
dave,
I can get the DJI Tick ($TIKI) with TradeStation. It has at least 15 different ticks, though I only watch the NYSE and NASDAQ ticks. As you say, the last time the DJI Tick was very low was on December 4th when it closed at -26. The next day, the SPX was up 31 points! So, I’m going to add it to my various tick charts now.
Matt
Yeah, Charlie, I figure it there is a MOAR, these 4 will participate.
target reached.. that was quick..
Hey Matt.. can you explain how the ticks chart is used? I’m still not quite getting it.
Rocky Mountain Spotted Fever is the only thing I get from ticks.
Googling around I found this about tiki
http://traderfeed.blogspot.com/2006/10/tiki-dow-tick-and-program-trading.html
Thanks Yerk.
Charlie,
There are many ways to use the TICK. One of which is as dave says: to fade overbought and oversold extremes. If you google “tick daytrading” or something like that, you will probably find many different techniques.
Matt
Check out the daily on SDS, DXD and QID, as well as other inverse. They have pushed the stochastic up for several days and now the MACD is becoming positive. However, the weekly has not confirmed them yet (to me).
especially DJI Tick because it really reflects the institutional herd “all” standing on one side of the lifeboat
Matt, don’t know if you saw my post last Friday about big companies, e.g. FDX, cutting out or suspending matching 401k contributions
Thanks for the info Matt & Dave. I think it will be very useful.
BTW.. Matt.. what is your stance on this market now? Are you bullish or bearish right now?
Just wondering given today’s action looks bearish, but there are signs that a small rally and month end window dressing may occur.
dave,
Yes, I saw it. That is indeed an important development.
Matt
Charlie,
I am bearish, but considering what the market did at the end of October and November, I don’t want to be short in front of a potential month-end markup steamroller.
Matt
SDS bounced off its double bottom made on the 23rd on the 30min chart. If it doesn’t hold it, there will be a big push down. It’s trying to maintain right now but there is going to be increased volatility as it tries to break through the 15min 36MA. The previous attempt was unsuccessful.
Ah,,,, I meant that for SSO, not SDS.
K;
Got my wireless stuff. Going to hook it up this week, plus got another video card to add another monitor to my desktop. I’m glad it’s winter.
George you got a super computer or something? how many monitors do you have to one computer? HAHA
ive been enjoying my wireless stuff. mouse has had battery replaced 2 times but keyboard is going strong.
I really don’t understand when the $tick is good or bad but i will research.
I guess it is best to remain cautious in an environment like this. Though the month end markup may not happen, who knows. I also noticed the accumulative ticks are quite high today. I guess that is telling that many stocks are trading at their asks vs. their bids.
charlie, although my strategy doesnt work as well long term it would have entered at 10am $58.09 and exited 3:50pm at 61.04
i sympathize with Madoff on one thing. I never thought i’d spend my days worrying about pennies (decimalization).
K;
It’s kind of like a supercomputer. Compaq 3.5ghz. All the hardware bells n whistles. Streamlined software, XP – all the junk taken out. Tweaked to high heaven.
It screams.
did you guys look at this graphic?
http://paul.kedrosky.com/archives/2008/12/29/the_end_of_the_4.html/
YAY DRESSGUARD!!! I’ll JOIN EUROPE!!! AM BAAAAACK hahaha
Americans better learn the metric system ASAP
Four days of trading inside Monday’s range – tom has the potential for the fifth. And then?
here is the SRS and the signals that i received had i been active today. (I instead chose to go swimming haha)
http://i44.tinypic.com/1496nw5.png
@K: US is still the best place to live in the world. It’s a country of extremes. You find the dumbest and the most intelligent, creative people. You find the fattest and the fittest people. You find the worst and the best food. You find the poorest and the richest people. Europe is mediocre in comparison. Asia too humid. US still #1.
hey i stumbled upon this… does it hold any water? or just BS?
“Over the last 36 years whose first five days resulted in a stock market increase, 31 of those years experienced an overall good year for stocks. While that’s a good track record, it’s not an infallible indicator. There are three trading days left in 2008, a lost cause for the stock market.
This method has an 86% success ratio. Will you make any investing decisions based on the market’s performance during the first five trading days of January?”
@Dressguard: best food?? Are you comparing McD drive-ins???
I’m comparing everything. Just take for example Italian food. So many Italian immigrants in Germany but no proper Italian food. The Americans invented Italian food! I’ve been out in e.g. San Francisco and Boston eating Italian food and wished I could find one place in Germany about the same calibre. Nada.
youve been to boston???
boston doesnt compare to the rest of America. its the immigrant epicenter so its a different atmosphere.
Now you are comparing Germany with the US… You’re shifting scales, that’s not fair
Boston looks very European and has this British touch. I didn’t know it’s the immigrant epicenter. Very nice place.
@Yerk: No matter where I go I don’t find any difference in all of the fast food chains. Even in Dubai McDonald’s tastes like McDonald’s, same with KFC and even Chilli’s and TGI Friday’s. Food is a commodity these days.
Dressguard & K,
i’m originally from Baltimore, which has a wonderful Little Italy. Until the Kennedy administration Baltimore was considered to have better restaurants than Washington, D.C. because it had ethnic neighborhoods. For decades, one of Baltimore’s best restaurants was a German restaurant http://www.thecityreview.com/f99shaus.html
For decades, one of Washington’s best restaurants was Cantina de’Italia. It was open ONLY M-F.
Btw, i’ve been to a German restaurant in every city that i’ve lived in Haussner’s (Balto); Old Europe (D.C.); Berliner Bear (K.C.); Beethoven’s (S.F.); Bavarian World (Reno)
I had to talk 3 German friends of mine into going to Beethoven’s; i am not German.
Hey K,
any way you can share your strategy of yours? I would be interested in analyzing it a bit.
And my cover is Blown. I live in Boston and despite the high housing prices (not too much decline like the rest of the country). It is a very nice place. Public transportation to get everywhere. From what i recently learned Albanian immigrants here (in boston mainly began the movement for the independence of Albania.
So I have nothing against America. and Matt, sorry we went really off topic.
13341 charlie. now figure them out. (hint:xx,xx,x)
ok? pretty simple might need different values. but thats it. i dunno how i came up with those tho so am sure i either saw somewhere or just hit me while sleeping
@K, you can back test and find any number of ridiculous numerical coincidences, but that is all they are.
Of more value are things like Matt and Yerk posted over the weekend.
Admin @ December 27th, 2008 at 3:38 pm
Yerk @ December 28th, 2008 at 10:38 am
These are based on observations about how the market behaved in the past. They are potentially useful now because there are material similarities to the current market variables. My $0.02
yes newbie i agree. you just gotta follow the trend. you don’t get into Auto stocks when things look terrible for them even if your numbers tell you to.
The best returns for these values are in a trending market. we are at this point in a trading market hence these are mostly useless until the next trending market begins (few years at least if ever)
Devaluation of the dollar to end deflation by propping up commodity prices – Ben following his text book approach. Larry be careful
http://online.wsj.com/article/SB123050219653038015.html
Looks to me like shifting the burden to China – will they unhappily obey to the plot? Gambling with the status of the world reserve currency.
@K, Sorry for any confusion. I was referring to your post @ December 29th, 2008 at 4:23 pm, not your technical trading scheme.
haha.
glad to get that sorted out but i still stand by what i just said that things dont work the same in trending and trading markets 
but again thanks for clearing it up the confusion I was second guessing myself now. haha
Japanese love recessions: Japan’s Economy May Shrink 12.1% This Quarter. Nikkei up more than 1%!!!
AHAHAHAHAHAH i’m moving to japan. looks like they got nothing to worry about