http://invetrics.com: Financial Insight and Market Timing Signals -data point 03 December 2009- (may adjust at Market Open)
The Technical SPX 500 Whereabouts -data point 02 December 2009-
...testing support of upper bear line and below the 50% retracement
http://stocktiming.com : Technical Market Analysis -data point 02 December 2009-
http://i50.tinypic.com/2yvs0np.jpg...Institutional Core Holdings - closed lower while holding above its blue support line and closing slightly above the Oct. 7 2008 support level-
http://i50.tinypic.com/4vmvd3.jpg...Institutional selling action daily -Institutional Selling trend lines positive bias but it is retail driving markets higher at present-
http://i45.tinypic.com/2eujurp.jpg...Institutional Index daily -divergence: strength trending down, while Institutional "core holdings" index moving sideways >late in the move and high risk levels-
http://i45.tinypic.com/30xipsl.jpg...Long Term Trending Fed. Liquidity and Foreign Liquidity Inflows -uptick -lower top indicating deeper negative implications if holding
US Economic Calendar -data point 03 December 2009 -
>US Initial Claims 11/28: actual 457K (forecast 500K) (consensus 480K) (prior 466K)
>US Continuing Claims 11/21: actual 4565K (forecast 5550K) (consensus 5400K) (prior 5423K)
>US Productivity-Rev. Q3: actual 8.1% (forecast 8.5%) (consensus 8.5%) (prior 9.5%)
>US ISM Services Nov: actual 48.7 (forecast 50.7) (consensus 51.5) (prior 50.6)
Stock Market Day Trader update -data point 03 December 2009 -
...market internals neutral as the SPX 500 consolidates below today's intraday High *1117 and further upside to briefly test *1122/(??*1148??) seems likely but
...intermarket non-confirmations of yesterday's new High in the Dow by
-Russ2000, Nasdaq 100, SPX 400 mid-cap
-SPX 500's financial, consumer discretionary, energy, and consumer staples sectors continue the large caps versus small caps theme of weakening markets
Bob Farrell’s Rule #7:
“Markets are strongest when they are broad and weakest when they narrow to a handful of blue chip names.”
... failure between *1117/*1122 should spark a brief shakeout back to affirm the Nov 6 Peak *1071 for the markets to gather enough strength for another advance into end of quarter 30 December 2009 option expiry with *1122/*1145 as potential ceiling targets
SPX 500 Hedge Study: -data point 03 December 2009 - ...To Be or Not To Be LONG – CASH – SHORT-
...the SPX 500 Hedge chart:
http://i50.tinypic.com/jihoy0.jpg
> before market open:current position update: 'short tilt' SPX 500 short - Russ2000 long -downside stops-
http://i50.tinypic.com/2yv56s2.jpg
>after Market opencurrent position update: unchanged
Market Commentary -data point 03 December 2009-
VoxEU: Charting The Great World Trade Collapse http://www.zerohedge.com/article/cha...trade-collapse ...The major debate in the economic community right now is whether the temporary fixes will be sufficient to get the consumer out of hiding. Yet with wage deflation and unemployment still surging, the likelihood of a favorable outcome grows dimmer by the month. And with systemic shocks like Dubai threatening to destabilize the fragile state of the world economy as we saw so vividly last week, a global economy priced to perfection may be just taking the policy of "hope" one step too far...
Long Term: THE BEAR
_no guarantees and trading strategies are just ideas_
Kind Regards