...yes, looks bullish with a Close smack on the 200-day MA *1103 with bulls keen to take the hurdle
-long > *1103 -stop 1082-
Kind Regards
Printable View
That should make you money. If I read the markets correctly, it will drop below 1103 today but will not breach 1082, almost as a last farewell to Bears, and a last chance to the Big Bulls to load up at the cheap. The world will finally have its long awaited Sunny days ...
www.stocktiming.com: -data point 28 May 2009-
...Institutional Core Holding http://i47.tinypic.com/10fxnxf.jpg remains -below secondary support-
Trader Update -data point 28 May 2010:
...like often towards the end of the week and a US long weekend coming up, the SPX 500 taking a Lazy below *1103 with an intraday Low *1086 so far
...NYSE uptick buying power suggests continous buying at these lower levels and the downticks appear corrective
...once trading is back to normal early next week, targets above *1103 are the short term trendline resistance *1131 with the May 18 High *1148 having corrective appeal for a re-confirmation of the *1090 area before heading higher again
...institutional selling http://i45.tinypic.com/103y1yw.jpg -selling weakens-
Long Term: http://i41.tinypic.com/33mmkxe.jpg
Kind Regards
critical week. 1083 challenged Ananda77, could be breached ...
Hi Beacon,
...the market could be into the formation of a right shoulder topping at SPX 500 *1150 (January 2010 High) and to achieve the formation needs to trade above the 200-day MA
consequently -long above *1103 -stop 1082- to *1150 (my current outlook)
...a Close below *1083 does not make sense to me at this stage
OK Beacon,
...actual reality is now as of today:
-long *1083 -stop *1074 as the better option re: long position/stop spread
Kind Regards
1074 breached, 1065 in sight. The lower it goes, the bigger the rally that will ensue. Can't believe the amount of drama unfolding, especially as $1 Trillion has been put on the table to support a $4 Trillion Eurozone economy. $1.5 Trillion USD was enough to support a $15 Trillion US economy. Expecting 1300 before Xmas 2010 ...
www.stocktiming.com: -data point 1 June 2009-
...Institutional Core Holding http://i50.tinypic.com/2s1sz2s.jpg remains -below secondary support-
Trader Update -data point 1 June 2010:
...the SPX 500 traded down to intraday Low *1078 and appears to be on its way now to try to challenge the 200-day MA level current *1105 albeit hesitant and unconvincing amidst market internals wearing bearish colours
...as a result, failure or more selling-off games in front of the 200-day MA at the Close or into tomorrows Open would introduce new risks for the market to push for a re-test of the May 25 Low *1041 and potential to reach down to the October 2009 Low *1020 initially with the *1000 psych level and the September Low *991 also coming into view as potential down targets
...institutional selling http://i48.tinypic.com/15mmcuv.jpg trendline x-over -selling weakens-
long *1083 -stop *1074- successful / now neutral *1091
Long Term: http://i41.tinypic.com/33mmkxe.jpg
Kind Regards
www.stocktiming.com: -data point 2 June 2009-
...Institutional Core Holding http://i46.tinypic.com/15q7oef.jpg remains -below secondary support-
Trader Update -data point 2 June 2010:
...the SPX 500 traded down to intraday Low *1072 before reversing losses and appears to be on its way now to try to challenge the 200-day MA level current *1105 the second time around
...failing the 200-day MA again would introduce new risks for the market to push for a re-test of the May 25 Low *1041 and potential to reach down to the October 2009 Low *1020 initially with the *1000 psych level and the September Low *991 also coming into view as potential down targets
...on the flipside, a sustained push above *1105 would motivate the market to trade into the *1121/*1131area with the May 18 High *1148 coming into view
...institutional selling http://i49.tinypic.com/23vcfmv.jpg trendline x-over -selling increased with danger to jeopardize nascent down trend-
Long Term: http://i41.tinypic.com/33mmkxe.jpg
Kind Regards
...selling needs to trend down to be positive
Looking For A Fake 700,000 May Non-Farm Payroll Number
http://www.zerohedge.com/article/loo...payroll-number
www.stocktiming.com: -data point 3 June 2009-
...Institutional Core Holding http://i48.tinypic.com/nz0e1j.jpg -below secondary support- possibility for right shoulder
Trader Update -data point 3 June 2010:
...the SPX 500 traded into *1105 but so far failed to take the hurdle; the consequent drive down to the short term support *1090 level appears corrective however and the index is closing in again on the 200-day MA block for now
-the NYSE tick up to 15:00 pm:
-803.0 +186.0 -1426.0 -332.0 -1134.00 -901.0
...failing the 200-day MA again would introduce new risks for the market to push for a re-test of the May 25 Low *1041 and potential to reach down to the October 2009 Low *1020 initially with the *1000 psych level and the September Low *991 also coming into view as potential down targets
...on the flipside, a sustained push above *1105/*1113 would motivate the market to trade into the *1121/*1131area with the May 18 High *1148 coming into view
...institutional selling http://i48.tinypic.com/14y07io.jpg trendline x-over -selling trending down-
Long Term: http://i41.tinypic.com/33mmkxe.jpg
Kind Regards