Homersays

[Homersays]

After falling to 10871 the Dow has managed to rally back over 10900. Don't be fooled. Today is not going to end like yesterday. Stay liquid over the weekend.

[Homersays]

No change in outlook. Dow expected to make a new low for the year this month. Fed very likely to raise 1/2 point and pause surprising the street. CPI will be the all important number this week with the core coming in at .3 versus expectation of .2. Stay liquid for now but have a list of stocks to buy when the timing is favorable.

[Homersays]

No reason to stick your neck out in this market. Like trying to catch a falling knife. That said, a splendid buying opportunity is likely to occur this month.
Patience.

[Jim Smith]

Late June buy Hommer?

I don't think so. Figure on late July.....Or to be really safe, October......This is still short em if you got em time.

[Homersays]

I don't think so. Figure on late July.....Or to be really safe, October......This is still short em if you got em time.

I have posted previously that a real turn will not occur until October. That said, a decent trading rally could occur this month before we head lower.

[Homersays]

NYSE Nasdaq
Advances 917 (27%) 787 (25%)
Declines 2272 (68%) 2207 (70%

As you can see from the above, breadth today is very poor and belies the strength in the Dow thus far. There have been buy programs all day to keep the Dow from tanking -- thus making the market appear stronger than it is. Volume is light to moderate. The close will depend on how much it means to those in trouble to keep the Dow from tanking big. Dow down 48.

[Homersays]

The capitulation phase has begun. Stay liquid but be prepared to cover shorts and for those on the sidelines to load up.

[Jim Smith]

Homer, don't try to call this daily

I am seeing things just starting to breakdown from support levels and trendlines.....for you to say a real bounce is coming anywhere near here is ridiculous.

[Websman]

I am seeing things just starting to breakdown from support levels and trendlines.....for you to say a real bounce is coming anywhere near here is ridiculous.

The market is doomed, unless Bernake uses some common sense and decides to pause the interest rate hikes.

[Homersays]

I am seeing things just starting to breakdown from support levels and trendlines.....for you to say a real bounce is coming anywhere near here is ridiculous.

Cover your shorts before the end of the month if not sooner. Ridiculous? I don't think so. Stay tuned.

[Homersays]

The market is doomed, unless Bernake uses some common sense and decides to pause the interest rate hikes.

As I have been posting, the fed will raise 1/2 on June 29 and pause.

[Runner]

I am seeing things just starting to breakdown from support levels and trendlines.....for you to say a real bounce is coming anywhere near here is ridiculous.

S&P weekly lower trendline is now being tested and should this market fail at this test zone things could really get ugly for awhile IMO.

[Websman]

As I have been posting, the fed will raise 1/2 on June 29 and pause.

That 1/2 on June 29th is what will kill the market for quite a while. The pause won't matter after that. I'll be shorting every stock I can get my hands on.

[Homersays]

That 1/2 on June 29th is what will kill the market for quite a while. The pause won't matter after that. I'll be shorting every stock I can get my hands on.

And I will be buying every stock I can get my hands on prior to June 29 in anticipation of the pause.

[Homersays]

Quote:
Originally Posted by Homersays
Good or bad --- less than 100,000 jobs created in May?


As expected. Sell the opening. >>

Right on jobs report, right on selling, and will be right on the Fed raising 1/2 pt. and pausing.

Also will be right that June will see the lows for the markets until September with October the buy of a lifetime.