Yesterday I mentioned the IYT’s potential 9/36/15 cross-down. Well, it did indeed make the cross-down, but was able to hold at Monday’s gap. But now the SMH has made a cross-down too. Most of the time, if the SMH doesn’t agree with your trend, your trend has a serious problem. So, I will be watching the SMH very closely today. And just before the close DIA, crossed down, and the XLF, SPY, and QQQQ were close too. So, things are looking a bit shaky. Bulls should be praying to the ADP-jobs-report gods, if there is such a thing, for a stay of execution at 8:15am.
Things are rough in Illinois: “In Alexander County, the sheriff’s patrol cars have been repossessed…” It makes you wonder – if we are so broke that our sheriffs have to patrol on bicycles, can we really afford a trillion dollar defense/intelligence budget and socialized health care? Note to Obama: we is broke.
Bank of England Plans to Sell 3-Year Bonds in Dollars
http://jessescrossroadscafe.blogspot.com/2010/03/england-to-sell-3-year-bonds-in-us.html
I noticed R2K made a new high yesterday. Not a new closing high but getting there. It rocket’ed away from its 9MA so there is a high chance for it to come back and try again.
Phil, this fits in with your new high outlook for the SPX(?).
“Note to Obama: we is broke.” HEHE
Not as long as they can reach into the taxpayer’s pockets and shoplift those dollars.
SPY could make it to MOO’s first resistance line today if it can hold above yesterday’s high.
http://i48.tinypic.com/24xq9t1.jpg
New high for R2K. ($rut.x – SD)
No High for SPY, give it another Try.
SRS debuted its 9/36/15 cross, trying to hold on to it.
Full moon – no work this time.
I think it’s time to just join Phil’s (and Fly?) bandwagon. I’ve wasted 6 months shorting on and off when SPX moved from 1000 to 1130.
Shanghai has been in no-man’s land in the same period.
http://finance.yahoo.com/q/bc?s=000001.SS
SPY is backtesting yesterday’s broken trendline on the 5min.
Larry,
What time frame(s) are you trading?
1-6 months. But my money management has been good. And got lucky from March to August last year.
I hate to say this – but I am seeing some kind of boom in Asia. It is a false boom, but I think I am seeing it.
(that’s some free and absolutely worthless advice for you).
2.
http://research.stlouisfed.org/fred2/series/BASE
Trading months, I would use a weekly chart. Use a stochastic of 5,3 and MACD of 8,26,9 or so… Slow down the oscillators and they give good long-range signals.
I should be a turtle trader with this market. No wait, I’d out run it.
Larry, that chart says a lot. Match it up to the market and that’s where the $ has gone – via financial institutions, of course.
SPY resting on its 15min 36MA.
Beige book: Economy continues to expand, 9 out of 12 districts. (Source: CNBC-RT).
At a snails pace? What happen after Bo more stimulus?
Larry,
I said lowering the number on oscillators slowed them down when that speeds them up – for better entries. Raising the number slows them down. I’ll show you a chart of what I’m talking about.
See, that was “good” news so the market will tank.
BBook,growth up but to slow for companies to hire and is after we wasted a trillion of stimulus,no what?
Retail up, is that because of the blizzards causing people to clear the shelves in a panic?
1125 to be cleared, then 1140-50 target zone, support 1100-05 with stop 1090. bias up.
George, please show that chart when you have time.
grain of salt
http://blog.afraidtotrade.com/market-internals-warn-of-sudden-reversal-spy-mar-3/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+afraidtotrade/NRSd+(Afraid+to+Trade.com+Blog)
http://solari.com/blog/?p=6352
Tracy Residents Now Have To Pay For 911 Calls
More Local News
TRACY, Calif. (CBS13) ―
Tracy residents will now have to pay every time they call 9-1-1 for a medical emergency.
But there are a couple of options. Residents can pay a $48 voluntary fee for the year which allows them to call 9-1-1 as many times as necessary.
Or, there’s the option of not signing up for the annual fee. Instead, they will be charged $300 if they make a call for help.
“A $300 fee and you don’t even want to be thinking about that when somebody is in need of assistance,” said Tracy resident Greg Bidlack.
Residents will soon receive the form in the mail where they’ll be able to make their selection. No date has been set for when the charges will go into effect.