The global ES looks like a huge consolidation range, so still a breakout on the upside is more likely.
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Good morning
AA reports today after the close, kicking off earnings season.
The consensus earnings estimate is $0.01, with a high and low of $0.17 and $-0.07, respectively.
12:40 pm ET 01/08/2012 - Reuters
Barron's reported on Sunday:
”… weak aluminum prices may have bottomed while demand for the metal remains strong … Alcoa's fourth-quarter results… are not going to be pretty…it could post a ‘slight operating loss’ due to the 20% drop in aluminum prices during the second half of 2011….”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
good morning all. my reads for the weekend is that everyone is looking for the same thing...a move higher (to 1300-1330), and then a large correction of some sort.
“Caution is warranted... because not every divergence like this turns immediately into a reversal for the stock market. It is merely describing a condition, and there is no guarantee that prices will roll over right away just because the participation in the rally is waning...”
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
(btw if anyone is interested I think that BMW is ready to short)
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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.
A little late on the post, but fading the gap looking for a test of the overnight low. 50/50 odds on a green day today from what I see, but seasonality is bearish.
no damage on the chart yet, let's wait. but in case we have another morning dip, I don't expect it to be bought again as it's the 4th time now.
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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.