Sector Action

[Runner]

And both of ya won't get filled today. lol

Well, I bit the bullet and bought the dog anyway. I like this chart. What does Runner say: don't let a few pennies keep you from a big dollar profit.

NB, you might be right but then again you might be wrong. I'll need to leave for a while and if it gets filled great. If not no biggie. I;m sure more will. Hey did you notice HOV, tol today?

[New-born baby]

NB, you might be right but then again you might be wrong. I'll need to leave for a while and if it gets filled great. If not no biggie. I;m sure more will. Hey did you notice HOV, tol today?

I hope you get your shares and BIG $$$$ profit, Runner.
TOL and HOV are moving up on the idea that interest rates will move South. GOLD stocks moving up, too.

[Runner]

Another thing I like to do and have not posted it much is run the same scan through the ETF's. Now we all know ETF's have baskets of stocks with in a sector and so by running this simple scan it lets you see what ETF's or baskets are perfoming stronger then the S&P. Here is tonights list

[mimo_100]

Predicting the future

I just found this link to an interesting website. They attempt to predict the future using chart analysis and anything else. It tries to predict the market, the price of gold, oil, commodities, and interest rates. What do you think of this?

http://www.astrocycle.net/LongWaves.shtml

Tim

[peanuts]

Peanuts, I have order in at exact same price..lol

I was stubborn and I did not get my order filled because I decided that I only wanted to pay $28. I hope it is not a mistake.

I went through some breakout scans of mine and Financial Services closed strongly yesterday. Some in the group that came up on the scan are these:
ACAS AHL ENH FFG MCGC RVSB

[New-born baby]

NB, you might be right but then again you might be wrong. I'll need to leave for a while and if it gets filled great. If not no biggie. I;m sure more will. Hey did you notice HOV, tol today?

Today you get your chance, if you still want it. Down $1.03 in the premarket.

[Runner]

I’m noticing the market is at a possible inflection point right here. Currently I believe the risks going long in non-commodity stocks outweigh the rewards. I don’t like the stall out prior to the S&P 500’s highs. I’m still a Bull but a concerned bull at this juncture. I’m not sure the strength I’m seeing in commodity stocks is a positive factor for this current rally.
I still think transition shorts are in the making and will be watching for confirmation on this thought.

I more likely then not I will not enter long positions next week as I will await a bust out of old highs in the Indices and change my thought process should this occur. Aggressive shorts might have entered today on a trigger off the drifting action. I have not a clue where we go from here but I’ll be looking for shorts.

Have a great weekend!!

[dmk112]

I’m noticing the market is at a possible inflection point right here. Currently I believe the risks going long in non-commodity stocks outweigh the rewards. I don’t like the stall out prior to the S&P 500’s highs. I’m still a Bull but a concerned bull at this juncture. I’m not sure the strength I’m seeing in commodity stocks is a positive factor for this current rally.
I still think transition shorts are in the making and will be watching for confirmation on this thought.

I more likely then not I will not enter long positions next week as I will await a bust out of old highs in the Indices and change my thought process should this occur. Aggressive shorts might have entered today on a trigger off the drifting action. I have not a clue where we go from here but I’ll be looking for shorts.

Have a great weekend!!

I agree Runner... OILS look good! It may be shorty time very soon..

[lemonjello]

All the oil service and drillers look good HP, RIG, HAL, BHI

even ANDW and FLR.

Looks like the stock market is pointing to higher oil.

[lemonjello]

Spooky

Interesting - it seems to correspond to this chart I posted in the Skulduggery thread -



Runner - can you do a real ewave count on this chart?

I just found this link to an interesting website. They attempt to predict the future using chart analysis and anything else. It tries to predict the market, the price of gold, oil, commodities, and interest rates. What do you think of this?

http://www.astrocycle.net/LongWaves.shtml

Tim

[Runner]

I think where you have the THREE might be a FIVE

[lemonjello]

Any ideas where EW would say it is going from here?

I think where you have the THREE might be a FIVE

[skiracer]

I think where you have the THREE might be a FIVE

I could agree with your take Runner. If that were a 5 then the chart would be finishing a c down and this next wave would be the start of a 1 up.

[lemonjello]

Now that would be a good thing. IMO further down would indicate stagflation - bad. Next leg up indicates inflation controlled, $ strong, market and economy strong.

I could agree with your take Runner. If that were a 5 then the chart would be finishing a c down and this next wave would be the start of a 1 up.

[skiracer]

Now that would be a good thing. IMO further down would indicate stagflation - bad. Next leg up indicates inflation controlled, $ strong, market and economy strong.

Lemon,
Do you think the dollar could continue down from here and gold, which tracks inversely to the dollar, move up and the markets trend up at the same time. Would a weakening dollar make our products ( exports) more economical thus attractive but at the same time be a negative factor towards foreign investors buying our bonds and treasuries. To be honest I don't know if I want the dollar to strengthen to much. Also, so much depends on the geo-political situation in the middle east.