Good day everyone ...
The market end slightly lower then my expectation but it did hold out well. From the past two day trading activity, I think the market prepare for the next big leg, so be prepare if you have the juice to buy the stock from this level. Three day of bad news did not bring the market down much so someone is supporting the market at these level.
Althought the bull signal is on, be cautious while trading this bull cause you might the trick to sell early then your target . Recommending miner stock and oil stock as I think the commodities related company will be the main engine to push Equity to new High ..
Same as oil and precious metal gold and silver will touch new high by this weekend .... if not then prepare to cut lose... Please take note the risk is here. Please do not trade in these rally if you are not ready or do not have the juice ..
The is market outlook for the next 3-4 trading session ...
You will test in this rally .... make sure your heart and mind are ready . S&P target 1125 range this is the first range .
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Why I do Think the rally will still be on ....
One of the main reason which I think is that ........
This all about economy sentiment, someone in the high place would like to have the positive economy environment so stock market dressing will be the fastest way ...
there is afew more logic I will update more in the future newsletter ..
Good trade everyone
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Thanks Preditor,
ReplyDelete1125 not sure about that this time round as I expect maybe 1090 as the top before we get a correction somewhere between 5-10% and then maybe we can hit the 1125 mark and above, however you are far more experienced and successful than me, so the likelyhood of me being wrong are alot higher:¬) your help and advice is appreciated.
Thanks
S
Saj,
ReplyDeleteAnything can happen ...
My guess are as good as your ... :)
Very true Preditor, we shall see.... but I am buying on weakness and selling on strength.
ReplyDeleteS
That is the best trading way ... 100% profit guaranttee
ReplyDeleteI have place almost my fund in Friday sell off ..so I just sit and watch market ..
ReplyDeleteI have my fingers crossed hope it works out for both of us:¬)
ReplyDeleteThe Nat gas got bang down hard today ....S&P back where it was on Friday should this not hold @ 1040 the market will go down from here more...
ReplyDeleteBut I think we just hit bottom for today 1042....
the news ISM really turn out bad even with the cash for clunker program, the manufacturing activity still lower then expectation..
ReplyDeletewith this bad news,it should send the S&P below 1042 by now but it still hold out well..
This new should hit the dollar and bond later today ...
Like I have said you will test ...
Yes I agree 100%, I am hoping for a similar reversal as yesterday, but I still think we will then go down again before we start the next leg up.
ReplyDeleteThanks for your input as always appreciated
S
Hey Pred,
ReplyDeletedo you think Crude is top here around 70.2?
i place s Sell order at 70.20
Anthony
I sold my oil @ 71.00 as I feel not right with Natgas bang down
ReplyDeleteToday, data really got have the market down ..I will go long again later today .. something is not right here ..... dollar should be down
ReplyDeleteI mean going to buy oil later today again ... or when opportunity araise
ReplyDeleteI will take some some risk in oil here .. @ 69.57
ReplyDeleteAnthony,
ReplyDeleteI think 70.2 the oil will hold ...if my reading correct everything should rebound later today ... the panic sale is done for now ..
@ S&P 1039
ReplyDeleteI have only small position in S&P as all my fund already invested
ReplyDeletePred,
ReplyDeleteDollar direction is UP. Better get this thing right. Gold should move down for a while, then resume upward trend, by then Dollar will go back down. But, i think, Dollar go UP & UP for few weeks.
Anthony
Pred,
ReplyDeletedirection for Dollar is up, for Oil & Gold are down. The rally we saw recently was a bear mkt rally, was very sharp upward but still inside downtrend channel. I am short Oil. It may go up to $75 again, but, direction of Oil still DOWN. Even it can go up to $75, i will hold my losing positions, eventually will go down, much lower. Because dollar going UP. I don't know, i may be wrong, that's what i think. Anthony
Pred,
ReplyDeleteTreasury flys today. Dollar up, Bonds mkt also up. so far, so good. Target on Long dollar, USDX is higher than 80. I short Nov Soybeans, reversed, harvest # is too big, - should go down next week.
Anthony
Anthony,
ReplyDeleteMy blog today headline is 3-4 trading day so it is health for S&P to make correction ... with such the data coming USA... USA are not healthy enough to take strong dollar ... need weak dollar to spur manufactutring .. I expect strong dollar to be a short leave ...
Whether, weak dollar will bring rally to equity again is something which we need to watch ... Gold and oil will be able to hold up well ...
As long as oil solve storage problem oil will resume upward momentum
final hour is important ...
ReplyDeleteDollar and bond should reserved by end of the day
Okay, i understand your concern. I have my charts, it say dollar goes up. Even it goes up slowly, i myself get doubt & frustrated. Look at Crude oil chart, it top at $75 then drifted downward. that's the time dollar turn around. everything based on dollar. i know what you're saying econ is weak, debt, etc.. everything is already priced into dollar, many mkts go down from Coffee, Beans, Live Cattle, Gold unable to break to new high. So, my thinking is, we need some correction first. To do that, dollar must go up which is doing it now-very slowly. You can check this logic by watching Bond mkt. In order dollar go up trend, Bonds must go up as well, which what they're doing now, intact in uptrend channel. Gold should go down more, may be very volatile go down, gold still unable to break a new high. Take a look at SwissFranc chart. It can not break to new high either... same like gold. I am buying USD.CHF. You can check what i say in currencies markets' charts. I may be wrong, though.
ReplyDeletePred, everything you say is Correct--- but the Timing-- may be need to consider ? Nobody knows exactly when gold will turn up again, just watch USDX's trend carefully. so far, USDX creeping upward very slowly. I think, this should continue until at least 80.
Anthony
Pred,
ReplyDeletelet's talk about date & intermarket
CL (crude) top on 06/08/09 at $74-$75. Then DX (us dollar) break down 80 level on 7/15/09, that day GC (gold) break downtrend channel at $927, also KC (coffee) break downtrend channel on 07/13/09 at $1.17. Then on 9/22/09 DX starts to turn upward-until now, that nearly coincide with top in CL on 09/17/09 at $72.80 (so this is the important stop loss, critical resistence, not easily to break), also on 09/22/09 KC start to turn downward until today. Everything based on DX direction. So, when Dollar broke 80 level, it should have been a giant fake breakout, it should rally upward because many markets response to that 80 number. That's what DX is doing now, catching up to 80 make many people go mad. U can see other markets and note the date compared to DX's. That's what i think, u can disagree with me.
Anthony
Pred,
ReplyDeleteu notices what happens to DX, the dollar today at 77.40 ???? Today is "the" day.
Anthony
Preditor, given the close are you expecting the SnP to rebound tomorrow? You are back long oil - the afternoon chart looks like its signaling down tomorrow - your thoughts appreciated.
ReplyDeleteToday to index was pretty bang down, but the data indeed very bad , so the rally might be temperorary call off, and also next week is treasury auction so here is the juice. ...US$78.00 billion will be pull out of the market
ReplyDeleteI believe the dollar will resume short term strength and the equity and asset class should be under pressure
I would recommend to waiting for another 2 - 3 session at least ... it is not a bad idea to be a bear pile some short in the S&P index from here ...
Bond is doing too well ... so I think I will add more short to the bond somewhere end of next weeks strength in major position ...And will start pile short in the dollar in major position when time araise ...
All the bad stuff is not dollar nor equity friendly ... sometime, hold too bullish will get hurt .. so we should wait and be patient to be abull from here ... I think ...
Oil and gold should be hoilding well @ 982 and oil should hold 68.5 - 69 range ...
I sold my s&P long @ 1037 with some lose and manage to place short @ 1038 .but I will cover the short @ 1015 range as I think the huge sell off might last at least another trading session ...
"Anyway buy on weakness and sell on strength" ..
Let see how the market form tomorrow ... will be another hostile day for the bull ....
Take profit from gold @ 1000 and silver @ 16.45
Silver buy @ 15.88 sold @ 1645
Gold buy @ 982 sold @ 1000
S&P buy @ average 1046 sell at 1035 with some lose
Oil buy @ 66.4 sell @ 71.00
and re-enter oil @ 69.57
Hope to start adding some stuff start tomorrow. ...
have a great day everyone
I also sold my HL and GG
ReplyDeleteGG @ 40.00
Hl @ 4.25
Look to enter position again
Thanks for the update
ReplyDelete