Daily S&P 500 INDEX TRACKER

[ananda77]

Hoop:

- SPX 500 *1530 represents a 10% correction, if it comes to that - next 'long' accumulation point *1600
Why? - to cover potential upside with index trades since 50% Cash waiting to be invested - gross yields in Australia again touching 10% in selected financials (way to go), utilities, (my favourites) - yummy

Kind Regards

...well this strategy paid off well so far - index 'longs' feeding into the bottom line while 50 % cash waiting. The market may well be driving the SPX 500 up to the *1700/*1750/*1800 area, but the long term oversold state of the index remains a deep concern - as a consequence, risks are extremely high for a double digit correction, which will hurt hurt hurt if ignorant of the risk north of *1687.
Maintaining a Cash reserve and continue feeding the bottom line remains the favourite strategy

Kind Regards

[winner69]

Poor Ben - dug himself a hole so deep he can't get out of it

Stop qe - a disaster for the rich

Continue qe - just delays the inevitable and makes it worse

So lets just muddle along - and hope

[ananda77]

...will start buying smallish today for a start - CNU - WPL first candidates
...nice rout following a prolonged period of extreme high risk set-ups in the market
...as market wisdom goes:
managing risk not returns = key

Kind Regards

[Hoop]

...will start buying smallish today for a start - CNU - WPL first candidates
...nice rout following a prolonged period of extreme high risk set-ups in the market
...as market wisdom goes:
managing risk not returns = key

Kind Regards

Youre very Brave Ananda...My portfolio is 85% cash and I've got no intention on entering any markets atm including the NZX50 stocks until I identify a possible inflection point and then wait for a clear reversal evidence...In simples words wait until those buy signal re-emerge....temption to buy "cheap" is a mirage atm

My experimental sentiment charts has triggered all 4 indicators today with regard to the S&P500 which indicates.....

GET OUT STAY OUT *
this is only the beginning
* This is Hoops analysis..use your own when deciding to invest

[ananda77]

...not really. Am just think *1530 for it to be over, if it comes to that

Kind Regards
.

[winner69]

This guy thinks the perceived good times acoming in US is flawed

Suppose having a nick name Lord Vader says it all

But belg is well positioned with 100% cash

http://www.mauldineconomics.com/imag...06_25_OTB2.pdf

[Hoop]

Gross domestic product expanded 1.8% from January through March, down from an earlier estimate of 2.4%
Just when everyone was starting to think good times were ready to roll too..damn......Text book bad news for the Equity Market...huh??....Nah!!! the Wall St junkie (who started to suffer withdrawal symptoms) got promised another QE fix....wow, cool, dude lets party on...yeehaa!!
DISC TA charts still broken

[ananda77]

...not really. Am just think *1530 for it to be over, if it comes to that

...quite sure, with consistent bull bashing below *1630, the bears remain in control and will drive the index into medium term median price around *1530 - consistent with wearing off the extreme long term overbought situ on the index

...a successful *1530 defence will then re-ignite the super bull

Kind Regards

[Hoop]

The SP500 is showing promise.....It is continuing to confirm that the latest fall was a Bull Market Correction and a lessening chance that it is a cyclic reversal to the Bear Cycle.
There is now a descending Broadening wedge pattern established and todays close (1640) has touched the top of this wedge...we will have to wait and see if the index respects this wedge boundary and reverses downwards again or it breaks out towards its target of 1700....
Descending Broadening Wedges are bullish patterns and have a 79% breakout on the top side....Whether it breaks out this time at 1640 or the next time we have wait and see.

[ananda77]

Hoop:

SORRY! but should have started with - without a decent correction

...caution still warranted, since the late push last Friday is Fed made without convincing institutional support. As a matter of fact, the 'institutional index of Core Holdings' still has been unable to take the 11 October 2007 High to-date. As a result, this divergence between the SPX 500 and Core Holdings makes for an extremely high risk market with potential of a serious Blow-Out ahead -in days, weeks, months - ???

...another interesting bit of news is the fact, that according to SoberLook:

"...Implied rate hike date moves to October of 2014. The Fed Funds futures curve steepened again on Friday, bringing forward the implied date of the first rate hike by the Fed
The date is now closer to October of 2014 as opposed to May of 2015 - an immense steepening in such a short time. That means the market now expects the current securities purchase program to end before the start of the fourth quarter of 2014.

...anyway, happy with a nice profit in CNU and WPL and now cashed up again in the meantime, awaiting the break-out/down of the insto Core Holdings

Kind Regards