StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 9 10 11 12 13 ... 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #61457
Ignore nikoschopen
4/14/2008 11:26:48 AM



nikoschopen
2,824 posts
msg #61458
Ignore nikoschopen
4/14/2008 11:38:40 AM


Quote from nikoschopen:

Here's the tentative game plan I will be following in the coming days. Unload the boat once the S&P reaches 1317 and then reload the guns at 1340 to ride the market down to 1250-ish. Easy enough?

Hey yo, Karen!

Home, sweeeeeet home, baby! Hang in there, we're almost there...just 10 more points to drop. LOL

nikoschopen
2,824 posts
msg #61465
Ignore nikoschopen
4/14/2008 3:34:18 PM

The latest resiliency in the market casts a perfect light on these retarded bulls who think there's a value to buying the dips because they still think they run the market.

maxreturn
745 posts
msg #61527
Ignore maxreturn
4/16/2008 10:55:34 AM

Niko...what about dem perma bulls?!

nikoschopen
2,824 posts
msg #61528
Ignore nikoschopen
4/16/2008 11:14:59 AM

What GE taketh, Intel giveth! So goes the head-scratching rhetoric. Frankly, everyone knows that this rally doesn't make sense and it prolly won't last very long. Hence, my disposition is still to the short side, however short-sighted that may seem on a day like today..
"...that Intel's report would create such a bullish stir is a bit surprising. After all, its net earnings were down 12% from the year-ago period and the midpoint of its Q2 revenue guidance of $9.0 billion to $9.6 billion translates to modest revenue growth of 7%.

We're certainly happy to see the move in Intel, which holds a spot in Briefing.com's Active Portfolio, but the move is a head-scratcher when taking into account the market's extremely negative reaction to General Electric's (GE) earnings report last Friday that showed a 2% drop in net earnings.

In the same vein, the market seems rather pleased that JPMorgan Chase suffered "only" a 49% decline in earnings per share. The important thing is that JPMorgan Chase beat the consensus EPS number by four cents

These are good examples of why earnings season is also referred to as silly season. Some moves defy reason for anyone not trading the stocks."

(Source: Briefing.com)


nikoschopen
2,824 posts
msg #61530
Ignore nikoschopen
4/16/2008 11:58:03 AM



nikoschopen
2,824 posts
msg #61538
Ignore nikoschopen
4/16/2008 3:13:47 PM

Yeah, you can take that to the bank...once Bernanke leaves.
"Fed-Upper: One dealer notes "What a perfect little circle we've created...It's a perfect circle...commodities go up...dragging on the economy...the [F]ed has to ease to help(whatever)[fill in the blank]...and commodities go up some more...so now we invest in them because they're going up...so the economy drags some more...so the [F]ed has to ease some more (again to help whatever)...so the dollar goes down some more...at this rate oil will be $150 and gasoline $4.10 a gallon by jul 4th...just think...only 22 more months until Feb 2010" (end of Bernanke's term)."

(Source: Briefing.com)


nikoschopen
2,824 posts
msg #61539
Ignore nikoschopen
4/16/2008 3:31:04 PM

S&P looking very tired. Grabbed some short @ approximately 1361.50 (1363 for the ES)

maxreturn
745 posts
msg #61540
Ignore maxreturn
4/16/2008 4:35:25 PM

Niko...nice article from briefing.com. Sort of sums it up don't it? The game of ping pong continues. Looks like a retest of the recent pivot highs between 137.50 - 140 basis SPY with the EMA200 lurking just overhead. Things are going to get interesting very soon.

nikoschopen
2,824 posts
msg #61543
Ignore nikoschopen
4/16/2008 9:43:12 PM

IBM supposedly shot out of the gate with a stellar earnings and I'm not even going to speculate what's in store for tomorrow knowing what kind of (fill-in-the-blank) market this is. I'll most likely sit on the fence for a while. According to my calculation, the market will churn for the next 3-5 days before diving lower. But then again, take everything I say with a grain of salt. That is, do ure own damn homework.

Cheers!

StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 9 10 11 12 13 ... 30 >>Post Follow-up

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