Invetrics: Financial Insight and Market Timing Signals -data point 27 October 2009- (may adjust at Market Open)
The Technical SPX 500 Whereabouts -data point 24 October 2009-
Stocktiming: Technical Market Analysis -data point 26 October 2009-
http://i33.tinypic.com/2ivk2kz.jpgInstitutional NET Buying and Selling Volume level
http://i38.tinypic.com/5bsjkj.jpgLong Term Trending Fed. Liquidity and Foreign Liquidity Inflows
http://i33.tinypic.com/2n1w8jb.jpgNYSE Momentum and Strength
http://i35.tinypic.com/ouqpsw.jpgNYSE Down Volume
http://i33.tinypic.com/117v5l3.jpgVIX Daily
US Economic Calendar -data point 27 October 2009-
>US Consumer Confidence: actual 47.7 (forecast 52.6) (consensus 53.5) (prior 53.1)
>CaseShiller Home Price Index: actual -11.32% (forecast -13.0%) (consensus -11.9%) (prior -13.3% )
Stock Market Day Trader update -data point 27 October 2009-
...the SPX 500 sank to an early Low *1061 followed by a bounce which appeared laboured and unconvincing;
...based on short term oversold conditions as well as the fact that institutional selling remains in an uptrend and increased over the last few trading session, further upticks should be limited and should not impact on the overall bearish market composure;
...towards the end of the week or early next week, the next down leg should test and breach the 50-day MA currently *1045 which would make the Jun High *956 the next apparent target with scope to retest the Jul Low *869 before year-end.
SPX 500 Hedge -data point 27 October 2009-
...Cash before Open with downside cover; neutral above *1079 to *1092; bullish above *1097 closing basis ...short
Market Commentary -data point 27 October 2009-
Mike Whitney: Dollar Collapse Update: "Obama Demands Pay in Euros!"
http://www.globalresearch.ca/index.p...t=va&aid=15808 ...Bernanke's problem, is that all the tools at his disposal are blunt instruments. It's like performing kidney surgery with a meat cleaver. Dropping interest rates and printing money can stave off deflation, but it also pushes stocks higher than anyone really wants. That leaves traders on the sidelines waiting for a market correction before they jump back in. The same is true of the dollar. Sure, Bernanke wants a cheap greenback to spark exports and reduce household debt, but when the dollar plunges to $1.60 per euro, then the sh** hits the fan and the public outcry forces him to change directions. If the dollar falls any further, the Fed will have to shut down the printing presses altogether and watch while the boat capsizes. The problem is more political than economic.
US policymakers should drop this nonsense about the dollar and deal with the underlying problem itself; lack of demand. That means the focus should be on wage growth and full employment. If that means printing up a couple more trillion; then get to it! Getting people back to work and paying them decently should be job one
Long Term: THE BEAR
>Elliot Wave International: Initial Stages of Wave 3 (unconfirmed)
_no guarantees and trading strategies are just ideas_
Kind Regards