China PMI
The SPX futures jumped 5 points when China’s PMI report printed a bit better than expected at 9pm EST on Tuesday night. You can follow China’s economic reports on this site. The country code is CNY.
Note: I may add more notes (ha, ha) to this later.
SPY daily still in its downtrend.
http://i51.tinypic.com/34q7cc2.jpg
Copper busting out tonight at 3.44, bodes well for S&P
P Full STO had a bull cross on 8/26.Still think we don’t correct until STO is up around70-80 area . This should rally for roughly 10 days, maybe top around 1100-1115
after,
Has it cooled considerably there? Wind picking up? Coming from the NW headed SE with God speed?
A daily chart of SPY with my “markings”.
http://i51.tinypic.com/33ytlpl.jpg
Thanks George. I am off for a Forrest Gump run. “I just started runnin”
Mitch,
I’ll send you a box of choklets.
SCOTTY
yes ..possible ..not because of stoch tho
G
did you know that at 3 AM while you slept the key 1051 level was tested in SPX futures and a ROCKET BLAST up from that point continues..
http://media.defenseindustrydaily.com/images/ABM_GMD_Test_Launch_2001_lg.jpg
sold the rest of SCHX bought yesterday….
bought some 10 yr notes
p, You’ve been sayin’. Wish I held overnight. That’s okay, another gap target is on my radar.
p
Not only that, but there was a buy on SPY’s 15min yesterday. DUH ME!
I’m thinking ending the wars will hurt the economy. Things aren’t always as they seem and the contrarian in me wants to short.
That being said, I’m buying SPY dips ’cause this may turn out to be a +777 day!
G
your clue to the bottom was jungle girls appearance
G
bought and sold SCHX again for a quick 18c
p
Hope she shows up again to the top.
I have an excuse for poor trading this week, I’m power washing the house. I go out 15min at a time.
Time for another 50gals of water.
G
its ok george..as long as youre not getting HOSED
going to sell my TBT into the next push
HA! Nice one P.
Another juicy daily gap to the downside. Yahoo!
G
50 dsma @ 1081….going to pick up a teeny bit of SDS there
36 daily sma @ 1089…that should be a brick wall
but george there is a QUINTUPLE bottom at 1040…..
bought a few more 10 yr notes
G
had sold almost all bonds
felt naked
P
Ha, the Bondsman With No Clothes.
Not sure if multiple bottoms/tops is a good or bad thing. Maybe neither, just something to key off of.
bought teeny weenie amount of SDS
I trade sometimes over days and sometimes months. I started about two years ago. I have followed this blog since Jan/Feb 09. I have held a core position for several months now. I use a little lunch money for directional plays with options. Thought I’d share.
Oh, I like music. 
and S55′s.
Mitch,
I’m right there with ya. I often have core positions but my main thing is intraday trading.
I luv music too; about anything. I was raised on bluegrass and hillbilly country, now I have Beethoven’s 7th stuck in my head. Progressive rock is a fav.
DOW at +222, long way to +777.
Oh G, don’t worry….777 will make a return, but I’m betting on a DOWNside version with a negative sign, not a positive sign….
Bought some SDS about 3:00 today in my long term IRA account.
Glad for all of you that rode it up and made coin.
777 would be like a phone call from my baaaaaby.
Carolina:
http://www.youtube.com/watch?v=Djy5XEA8yQg&feature=fvw
G
looks like 1100 is a gimme unless we overlap 1065
http://media.defenseindustrydaily.com/images/ABM_GMD_Test_Launch_2001_lg.jpg
G
sorry……wave 1 was 15 points so target for wave 5 is 1090
Mitch,
Has Eric boy gotta lotta soul or what?
p,
Now THAT’S a rocket! It may fizzle out unless it breaks out:
http://i51.tinypic.com/2s96niu.jpg
I think it will back off, fill the gap, then rocket up.
Matt:
I have noted that there was never a note.
George:
Eric is from up the road a piece.
ring, ring, 777, “your baby’s on the line.” Got a wocket in my pocket; wocket in my pocket. wooooooooo. p
Mitch, still quite hot here in TO:
09/01/2010
Temperature to plunge on holiday weekend
UPDATED: Wednesday is another scorcher although cooler temperatures are finally on the horizon — unfortunately, the chill-out is likely to coincide with Labour Day long weekend.
Toronto’s medical officer of health issued the third extreme heat alert of the week, with temperatures on Wednesday forecast to hit 32 C and a humidex of about 40. If we get there, Toronto will have had three consecutive days of above 32 C temperatures, which is the definition of a heat wave. Toronto last experienced a late-August heat wave in 1993, according to Environment Canada.
But if the only thing getting you through the swelter is that swimming pool waiting at the end of the work week, think again.
Just in time for Labour Day weekend, temperatures will finally be dropping below the 30 C mark — and maybe even below 20 C.
“It will be a bit of a shock given the temperatures and humidity we’ve been dealing with the last few days,” said Environment Canada meteorologist Geoff Coulson.