35854 replies to this topic

[davidp13]

what to make of this?

[Beorn]

Thanks AJ, I just hope I didn't close prematurely.

But I get the feeling bulls looking for a reason to buy at these levels

Ocean, I'm not wearing a suit, I am a perma bear!
When I'm bullish, I wear a suit. Hehehe.

[OceanWalz]

I closed my short from start of Jan close of market today.
It looks to me like we will bounce.
I suspect traders think Yellen will hold of tapering for a while.

hope there is a long bounce coming - but the lacklustre response this whole week to even todays benign to good non service nums is a poor bull response - so for risk management if today and tommorow a little up and Friday a bit red again (i.e.  no decisive follow through to a reasonable cat bounce then I am going to become solid bear again fearing the worst well past down 38000 Alsi - can I loan book your suit Jakes?

[AJS]

I closed my short from start of Jan close of market today.

It looks to me like we will bounce.

I suspect traders think Yellen will hold of tapering for a while.

Nice going Jakes,well done. You called it from the start!

Edited by AJS, 05 February 2014 - 07:08 PM.

[Beorn]

I closed my short from start of Jan close of market today.
It looks to me like we will bounce.
I suspect traders think Yellen will hold of tapering for a while.

[AJS]

Buy S&P break above 1745, target 1752.

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[AJS]

Also, keep an eye on the VIX!

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•  VIX.jpg   157.87KB   18 downloads

[AJS]

Don't know if anyone trades agri commodities, but Soya can be set for a nice rally.  Note, this is CME Soya spot.  Buy break above 1320.

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[Sunesis]

Somebody's smoking their socks,... From where I'm standing US markets are RED or am I missing something

When a market won’t rally on good news

 

The ISM non-manufacturing number was solid, the jobs component improved and new orders picked up. There is nothing in the data set to suggest a sharp weakening in the economy.

Yet here we are with the S&P at the lows of the day, Technically the bulls are not in charge of the market.

If there were bulls out there waiting for a reason to buy, this was it. Instead the sellers have clearly claimed the upper hand.

Technically, the S&P 500 1750 trendline since June has given way.

 

Time for technicals to play out. 200DMA 1710 here we come

[Ninja]

Somebody's smoking their socks,... From where I'm standing US markets are RED or am I missing something

[OceanWalz]

US Servives PMI saves the bulls.

 

Atleast markets will be stable tonight.

 

Yen has weakened.

ALSI should open higher tomorrow.

 

Let the spikes begin        

 

Hi S, slightly better than expected US Service PMI and still the S&P500 acting like a sulking school girl - thought she would be happy and bounce a bit with confidence?

[Sunesis]

US Servives PMI saves the bulls.

 

Atleast markets will be stable tonight.

 

Yen has weakened.

ALSI should open higher tomorrow.

 

Let the spikes begin        

[Sunesis]

Looks like we have a Japan problem.

[Sunesis]

Dotcom bubble could be happening.

[Sunesis]

If gold closes above 1275 today, then the gold bull market has started.

 

S&P falls and Gold goes up

[Sunesis]

ADP NFP number is modest, but market is not happy. Only US Service PMI will save the bulls.

 

Yen is back to being strong.

When yen is strong market goes down.

 

Nikkei goes to the toilet.

Dollar is weak, USD/JPY is getting hammered.

 

If this continues, bears will have a feast.

[davidp13]

By no means a tech analysis or a rigid pattern, but the 1d is playing a familiar game:

 

Red candle touching BBLower, then a possible turn-around as the follow-on candle (today's) doesn't decent lower than the last red candle for one or two days then a lekker upswing. My initial target will be the EMA(10) line (J200 @ 40563), after-which I will reassess exit target for long(s).

I suspect the retest will be to 20EMA (the 40900 A mentioned) and if it fails back down you will get somewhat the same action as we did in Jan when we jumped off the 20EMA to our new high. Maybe just s little more to the downside then.

[Lekkerry]

By no means a tech analysis or a rigid pattern, but the 1d is playing a familiar game:

 

Red candle touching BBLower, then a possible turn-around as the follow-on candle (today's) doesn't decent lower than the last red candle for one or two days then a lekker upswing. My initial target will be the EMA(10) line (J200 @ 40563), after-which I will reassess exit target for long(s).

[Redeemer]

Ok, the charts are speaking...we are going back up....low test candles on the dailies (if this level holds or we go up higher)

[Zero Hedge]

How low can the indices go if US services and ADP NFP numbers miss today. S&P=1710, DAX =8950  ALSI =39000

Don't think market will pay too much attention to ADP this afternoon...lately it has been a useless leading indicator for NFP