S&P CASH VALUE just broke June's low and now touching the 200 day moving average. Very important to note here that Nasdaq is out performing to the downside.
MARKETJEDI
Monday, July 6, 2009
875 Very important
875 area should provide some support on the S&P futures as said last week. Remember 875 was significant resistance on the upside and would act as important support coming down. Now if we break this 875 level I would expect us to travel down to 842 area.
We will see soon enough.
We will see soon enough.
Closing trade
Closing Oil trade here this morning from last week + $8.50.
Called that one to the exact top area of $72. Oil trading down $3.50 this morning, take the money and run!!!!!
Another Winner!!
MARKETJEDI
Called that one to the exact top area of $72. Oil trading down $3.50 this morning, take the money and run!!!!!
Another Winner!!
MARKETJEDI
Friday, July 3, 2009
Early early Trade Call
I could be early on this but Looking at some charts I think the TECH stocks that pushed us higher could see a pullback in the next couple of week especially in the slow summer dull drums.
GOOG, APPLE, BIDU all seem like they are read to break down out of their current uptrend formations. I would use options if you are play these and make sure they are in the money.
I will be straight out shorting BIDU anything about the $295 area as I think $300 should be close to the top formation of it pattern formation,
Have a great and safe fourth of July.
MARKETJEDI
GOOG, APPLE, BIDU all seem like they are read to break down out of their current uptrend formations. I would use options if you are play these and make sure they are in the money.
I will be straight out shorting BIDU anything about the $295 area as I think $300 should be close to the top formation of it pattern formation,
Have a great and safe fourth of July.
MARKETJEDI
Thursday, July 2, 2009
S&P Futures
896 is the 161.8 extension of yesterday's up move. Watch that level for initial support.
POWER OF WINDOWS DRESSING
Todays movement down most will say it is the bad unemployment numbers but I have to tell you nope. The down movement today is a result of windows dressing, where managers who wanted to look smart bought the leaders of the second quarter to put in their portfolio to show they owned those assets. So why are we down well they just need to own them the last day of the quarter so their clients can see it even if they didn't participate in the upward move of the asset/stock in question.
That one of the main reason I shorted Oil as it was a leading performer for the second quarter. Nice place indeed up almost $5 on that short. These are trends folks and almost always works although nothing is certain the probability rate of these plays are extremely high.
Crude now $66.75
Have a safe fourth of July
That one of the main reason I shorted Oil as it was a leading performer for the second quarter. Nice place indeed up almost $5 on that short. These are trends folks and almost always works although nothing is certain the probability rate of these plays are extremely high.
Crude now $66.75
Have a safe fourth of July
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