Page 1 of 8 123 ... LastLast
Results 1 to 10 of 75

Thread: Day to Day Market Talk

  1. #1

    Join Date
    Feb 2009
    Posts
    654

    Default Day to Day Market Talk

    How about a thread that is specifically dedicated to updates regarding the current market situation?

    Lady
    If you think education is expensive, try ignorance. - Derek Bok


  2.  
  3. #2

    Join Date
    Feb 2009
    Posts
    654

    Default ETF Rewind - Week 6 (02/06/09)

    This article has a great chart on the ETF market activity during the past week!



    ETF Rewind - Week 6 (02/06/09)
    By Jeff Peitsch | February 07, 2009

    "Last week saw a powerful "stimulus induced" upswing that actually left the NASDAQ 100 positive on the year (QQQQ +7.9%). This was particularly impressive set against the backdrop of the highest unemployment levels reported since 1974 (US News - Labor Report).






    (Click Image to Enlarge/ Glossary)
    In fact, every single one of the tracked sectors and styles ended higher on the week and near breakout levels. By the same token, as we head into the middle of the month with so many indices now well into overbought territory, much will clearly hinge on the market's reaction to Monday's Treasury Announcements and Stimulus Plan Vote (Bloomberg Links). Will February finally provide traders with a breakout of the multi-month range? With the economy still accelerating to the downside, bets will certainly be placed both ways.

    Week Seven of 2009 features the following reporting calendars:
    Enjoy your weekend!"

    http://www.greenfaucet.com/earnings/...02-06-09/47101

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

  4.  
  5. #3

    Join Date
    Feb 2009
    Posts
    654

    Default Re: Day to Day Market Talk

    Here's this week's market chart from Market Rewind.

    (Click Image to Enlarge/ Glossary)


    http://marketrewind.blogspot.com/

    Enjoy!

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

  6.  
  7. #4

    Join Date
    Dec 2007
    Posts
    906

    Default Re: Day to Day Market Talk

    Re: The above chart: Precious metals +340% risk/reward. I'm not sure what that means exactly, but it looks good.
    -- Tom | My Trades

  8.  
  9. #5

    Join Date
    Feb 2009
    Posts
    654

    Default Re: Day to Day Market Talk

    This week's chart from Market Rewind:


    (Click Image to Enlarge/ Glossary)

    "Only Precious Metals (DBP) and the Dollar (UUP) managed to post gains of +4.9% and +0.1%, respectively, on a global safety trade. The only other metric showing gains was the VIX (Implied Options Volatility), closing the week back near 50 and stretched +9.2% above its 15-day moving average.
    In normal times, this would be a bullish indication, as would the majority of tracked securities showing near- and intermediate-term oversold price index readings (SPY RSI[2] = 1!). However, we are so overstretched to the downside -- this market is clearly broken. Some modicum of positive news flow will be required to turn this train wreck around going into the end of the month. Perhaps clarity on the banking situation will provide that; we'll just have to wait and see."


    http://marketrewind.blogspot.com/

    Enjoy!

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

  10.  
  11. #6

    Join Date
    Dec 2007
    Posts
    906

    Default Re: Day to Day Market Talk

    I'm looking for a move above 778 on the S&P before the close, for confirmation of this rebound. It doesn't even have to close above 778. Just get over it intraday.
    -- Tom | My Trades

  12.  
  13. #7

    Join Date
    Dec 2007
    Posts
    906

    Default Re: Day to Day Market Talk

    Just saw a 779+ print. Cool!
    -- Tom | My Trades

  14.  
  15. #8

    Join Date
    Dec 2007
    Posts
    906

    Default Re: Day to Day Market Talk

    Yesterday's low was 752.89. Flirting with it today. A break would be bad news.
    -- Tom | My Trades

  16.  
  17. #9

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Day to Day Market Talk

    Quote Originally Posted by etftalk View Post
    Yesterday's low was 752.89. Flirting with it today. A break would be bad news.
    755.08 now. It doesn't look good.


  18.  
  19. #10

    Join Date
    Feb 2009
    Posts
    415

    Default Re: Day to Day Market Talk

    We must hold these lows, or else I'll be making a quick exit out of SSO
    Candlestick crack addict...

  20.  

Similar Threads

  1. Market Talk June 2009
    By XL-entLady in forum Market Talk
    Replies: 1
    Last Post: 06-14-2009, 04:25 PM
  2. Market Talk May 2009
    By etftalk in forum Market Talk
    Replies: 23
    Last Post: 05-31-2009, 02:49 AM
  3. Market Talk April 2009
    By JTH in forum Market Talk
    Replies: 46
    Last Post: 04-29-2009, 12:20 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •