S&P500 - Analysis and Trading

[CanOz]

Re: S&P 500

The $64,000 question is what does this change?

Nuttin'!

Markets are still rigged, trade to that hypothesis.

Hey Wayne, howya doing mate? I wastempted to look ya up when i was last in the UK, got lost in Stamford though. How long have you been hanging your hat in NZ?

Cheers,


CanOz

 

[baby_swallow]

Re: S&P 500



This is a weekly SPX chart.
As you can see after testing the 1200 resistance (July 2008 low) it pulled back little bit
creating a shooting star. If it will not close below the low next Friday, there is a posibility that
it will visit the 1250 level (high volume) before pulling back, IMO

 

[wayneL]

Re: S&P 500

Hey Wayne, howya doing mate? I wastempted to look ya up when i was last in the UK, got lost in Stamford though. How long have you been hanging your hat in NZ?

Cheers,


CanOz

About 5 months CanOz. Enjoying it. Taking the p!ss out of Kiwis is fun.

 

[CanOz]

Re: S&P 500

I can imagine, with that endearing accent n all!

Cheers,



CanOz

 

[georgey]

Re: S&P 500

Re markets rigged - why does the Goldman news come out when markets
are at a high and just before a big results week?
Has 'someone' shorted before the news and bought back before Friday's
close knowing that results are going to be good?
Or do 'they' know results are not good and have therefore positioned
well (short) for next week?
Anyone here betting on either scenario on the premise that just because
you're a touch paranoid doesn't mean you're not right?
G

 

[baby_swallow]

Re: S&P 500

Re markets rigged - why does the Goldman news come out when markets
are at a high and just before a big results week?
Has 'someone' shorted before the news and bought back before Friday's
close knowing that results are going to be good?
Or do 'they' know results are not good and have therefore positioned
well (short) for next week?
Anyone here betting on either scenario on the premise that just because
you're a touch paranoid doesn't mean you're not right?
G

I bet Goldman themselves shorted their own stock and all the markets they can lay their hands on. They knew the news before hand. They can't be nicknamed Government Sachs for nothing. So the SEC decided to grill the Vampire Squid. Another Wall Street circus perhaps. So let the show begins.

 

[Naked shorts]

Re: S&P 500

I bet Goldman themselves shorted their own stock and all the markets they can lay their hands on.

This is the real $64,000 question... is that a bad thing if they did short the market?

 

[MRC & Co]

Re: S&P 500

Personally, I believe this is it! Top is in at least for the nxt few months or >.

Every single thing is lining up on this one! Funny that it comes at a time when all the 'data' is extremelly positive! ;-) Even the forward looking indicators..........

Markets always price way ahead of time!

 

[Naked shorts]

Re: S&P 500

This is the real $64,000 question... is that a bad thing if they did short the market?

Well a bunch of tin hat hippies are basically suing em for it now (in a lawsuit separate to the SEC one).

MRC, I agree, but the extreme strength in the market that came so soon after the SEC announcement about Goldman does make me a bit weary. Side ways for a week and I'm all in.

 

[Broadway]

Re: S&P 500

Well a bunch of tin hat hippies are basically suing em for it now (in a lawsuit separate to the SEC one).

MRC, I agree, but the extreme strength in the market that came so soon after the SEC announcement about Goldman does make me a bit weary. Side ways for a week and I'm all in.

There was also a ton of volume after the spanish downgrade last night.
I think the ES is about the health of US companies rather than the US economy or world economies.
US companies are improving their revenues.
We may get a correction but Im not so sure if it will be very deep.

 

[baby_swallow]

Re: S&P 500

we are now in consolidation phase of the up move from February low. Its now a battle between bulls & bears (so I'm wearing two hats, LOL). I would like to see a series of lower lows before I discard my bull hat.

 

[Naked shorts]

Re: S&P 500

I would like to see a series of lower lows before I discard my bull hat.

Then what? it will be too late to get in by then.

 

[nunthewiser]

Re: S&P 500

Then what? it will be too late to get in by then.

Thankyou mr shorts.

all these charting /trading cliches sound great in books and forums but usually mean squat in the real trading world.

 

[baby_swallow]

Re: S&P 500

Then what? it will be too late to get in by then.

The type of hat is only an indication of the direction of the trend. As a very short term trader, most of my trades are counter trend.

 

[MRC & Co]

Re: S&P 500

There was also a ton of volume after the spanish downgrade last night.
I think the ES is about the health of US companies rather than the US economy or world economies.
US companies are improving their revenues.
We may get a correction but Im not so sure if it will be very deep.

Yep, that's my worry at the moment (though as I stated in another thread, positive earnings results and causing less and less of a bid). Oh and add that small caps were outperforming large caps in the S&P500 over the last wk, this trend was reversed last night. Another bearish divergence.

Though technicals are being outweighed by events/news at the moment which is altering all the flows.......

 

[MRC & Co]

Re: S&P 500

Timberrrrrrrrrrrrrrrrr.

 

[wayneL]

Re: S&P 500

Timberrrrrrrrrrrrrrrrr.

Does that mean I can be a bear again?

 

[MRC & Co]

Re: S&P 500

Does that mean I can be a bear again?

Only if you can see the forest through the trees, plenty of salmon (see lemmings) to feast upon!

 

[CanOz]

Re: S&P 500

Got short going long on some of the new reverse ETFs last night.

My first try at reverse ETFs, thanks to Leavitt!

Watch the market bounce now.....

CanOz

 

[Naked shorts]

Re: S&P 500

MRC & Co,

Your indicators, give them to me