MrMiyagi wrote:Anyone have directional guidance SPX for tomorrow?
Well my coin landed on heads so I think that meant up.... can't remember now tho. Plus OPEX friday usually goes the other way from monday if I remember correctly.
jademann wrote:All I know is the 50ema at 1540 better hold or its down BIG
Agree we are sitting on the edge not only because of 50ema, so I see it 50-50 hard to say atm
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)
Google 1Q Non-GAAP earnings $11.58 versus expectations for $10.68
Last edited by KeiZai on Thu Apr 18, 2013 4:17 pm, edited 2 times in total.
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)
GDX held horizontal intra-day support ($28.17) at the close with strong volume setting the stage for another leg up... SOX looks weak and any rebound I will sell hard. It will move up sympathetically with the market but we've put in a top (IMHO) so SOX isn't going to go hog wild so holding 50% short here and long UPRO (because I'm confident that we'll be back here again even if we do sell off some more). Money to be made in both directions it seems to me.
JO is looking good but the past seems to favor a sell near the 50DMA so I sold 50% at the close. If it breaks above tomorrow I'll rebuy otherwise I'll watch for support.
QIHU is still going strong...
MEA is looking interesting and scary all at the same time.. in a small position there.
What I am seeing is the materials sector is either suggesting one last stand, or it might actually be ready to pop... IF it does pop, that could take the market much higher or it could trade inversely to the market through the correction (May). Dunno.
I did find it interesting to see AA and MEA not selling today... GDX and JO moving up strongly. Anyone have thoughts about this?
Dumped UPRO PM for 1% gainer.. Any rally here is going to be an op to short more, not going to get cute and scalp long. The selling is just getting started.