Tabby wrote:Last year if I recall right, the week of tax return was very bullish. Fed had 3x $8B and only one sell on that week. Next week is AA's report and following that on the week of Tax return we have $10-$13 B out $45 B for the month of April is the Fed's spending. I am still hoping we have another top to visit before major pullback, I don't mean correction.
Last 3 April's we have bottomed post April opex and then made new highs or re-tested the highs before rolling over again in May..
My intra-day McClellan Oscillator reading is just shy of oversold levels.
Pretty amazing as we are just off major highs a day ago.
So, this is a neighborhood where we could see a bounce soon or this thing could plow on and produce deep oversold levels...
goes as planed. don't see bottom pattern yet. lunch time, will be back.
Attachments
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.
time to short both and sitting for gain day in and day out
Old shorts coming round, will hold overnight, probably into oblivion, but what the hay, DIOD EXK SPY DECK for the two or one of you out there that are curious. Actually long a goldy CGR too. GLTA. http://www.youtube.com/watch?v=thSfGPZGmnQ
Last edited by gappy on Wed Apr 03, 2013 1:17 pm, edited 1 time in total.
‘the petrodollar is our currency and our problem’....Gappy
Tabby wrote:Last year if I recall right, the week of tax return was very bullish. Fed had 3x $8B and only one sell on that week. Next week is AA's report and following that on the week of Tax return we have $10-$13 B out $45 B for the month of April is the Fed's spending. I am still hoping we have another top to visit before major pullback, I don't mean correction.
Last 3 April's we have bottomed post April opex and then made new highs or re-tested the highs before rolling over again in May..