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Cobra wrote:anyone had problem connecting our site last night?
Yeah, I could not log in this website and HT9.
from when to when?
I couldn't log in at around 3 to 3:30 (am, et)
I see. thanks.
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Copyright Credit Suisse via schwab this morning
Interesting “outperform” from “neutral” [Note SFD gap up this morn]
“SFD ($22.62, OP, TP $29.00) ...Bottom Line: UPGRADING to OP (from N); Raising TP to $29 (from $23)
The elements are in place for an export-led meat industry driven by the growth of the middle class in emerging markets. With producers having little incentive to significantly increase herds, this will lead to sharply higher U.S. pork and beef prices over the next five years. For, Smithfield, we see a
balanced supply and demand outlook for pork driven by higher exports and upside to the consensus expectation of lower pork prices next year.”
More later
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Reading Material and a look at the VIX which is forming an ascending triangle. If that technical pattern is a success we may be looking at a lot of downside very quickly.
Next week should be interesting with the Thanksgiving holiday. Volume should be lower, especially on Friday which makes looking at the charts even more difficult.
TWT, my understading of EW says, in the futures markets we can have overlap because of the leverage. If the cash market does not have overlap, it can still be impulsive.
RE SPAIN: last one from copyright Credit Suisse via schwab this morning,
“The euro area's worsening debt crisis is resulting in incumbent governments being thrown out. After government changes in Italy and Greece, Spain is the next country which is likely to see a marked shift from a Socialist to a conservative government. Although Spain's public sector debt is below the euro area average the fact that the primary balance remains in deficit makes Spain's debt dynamics more vulnerable to the sovereign crisis and to weaker growth. The latter also has negative consequences for Spain's banking sector”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Reading Material and a look at the VIX which is forming an ascending triangle. If that technical pattern is a success we may be looking at a lot of downside very quickly.
Next week should be interesting with the Thanksgiving holiday. Volume should be lower, especially on Friday which makes looking at the charts even more difficult.
i'm currently short, but barring something catastrophic, i'll be long to flat by wednesday. the friday after Thanksgiving is a half day for the NYSE.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
confluence support lines from FIbo combo and pricing level with channeling target., the concrete floor that Bulls built will be interesting to see when we get there. I draw this chart last night good for longer term view.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Excellent chart last night Cobra. One of your best. I'm trying to replicate it myself, are your charts only able to be made with a membership to stockcharts?
BullBear52x wrote:confluence support lines from FIbo combo and pricing level with channeling target., the concrete floor that Bulls built will be interesting to see when we get there. I draw this chart last night good for longer term view.
Nice chart..Give us up dates as the day goes by.Thanks
Spy couldn’t hold that opening gap for nine minutes??
Advancing issues now pissant 1285 lobster
Last of the pre-mkt news: $600 million still missing in MF Global books...9:10 am ET 11/18/2011 - MarketWatch Pulse News Bullet
“ Regulators have discovered MF Global Holdings Ltd. shifted hundreds of millions of dollars of customer funds to its own brokerage accounts days before its bankruptcy filing on Oct. 31, the Wall Street Journal reported …. It's not clear whether the apparent use of customer money occurred intentionally, but about $600 million is still missing and might never be recovered, the report said. A judge on Thursday approved the transfer of $520 million in customers' cash-only accounts at MF Global. The transfer will start in about a week and represents about 60% of the $869 million held in the accounts. The rest is being retained to cover any possible shortfalls..”.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.