If you have followed this blog in past you can see nothing literally has changed as per our view and as depicted last week the period of 18 to 29this is horribly negative.
Today is a real negative day with literally no positive aspect of any kind anywhere in sight. Does that mean that once this is over we are in for a better time!
Well unfortunately what I see is that this week may still be weak while June is almost over we still have June the 30th. It should be just slightly less negative and since it is a weak day with low volume something may lift up the market or may be there could be some consolidation.
July 1st may bring in some hope element and some confidence should return possibly forming a doji kind of day. July 2nd will lift up European and Asian markets to some extent with some hopeful event and the day could be just another consolidation day with more positive results. Next week 5th will be more eventful offering some interesting changes and confidence should be returning.
If all goes fine the next week should end up positive and higher than previous 2 weeks.
Will add more later.
+ If you hold any shorts it will be important to watch the period of 30th to 1st July.
From 5th/6th July there could be a real turn. Some sectors will have major turn.
+ If you trade Gold, look for signals on 2nd July and 5th July. I will provide a good clue in next days.
June 30
+ If you study tech analysis the H&S formation appears to be a reality now. What do you think and whats your opinion. In my careful studies I find that H&S formation is on its way and absolutely right to the point.
I will suggest extreme care with buying. To cover short in some stocks could be a good idea between today and tomorrow as per the technicals.
If you have any particular stock please comment and we can discuss. I did some studies recent IPOs and some random companies.
Many companies show their strength despite the weakness in broader market. And others just get strength when the broad market is bullish.
You see the difference. The stocks with their own particular strength always perform irrespective of the general trends.
+ As suggested yesterday 29th be careful today and it will most probably be another weak day.
+ TESLA IPO: As you see heavy volume big time speculatory move. Read analysis brief in comments.
Days ahead n next week
+ Expect hot moves on 1st but more on 2nd. Please do cover any shorts unless fundamental or technicals showing exceptions by 1st.
+ Expect huge and major turn around next week. I see some assets making real big moves. Obviously this has its timing.
+ Best would be as I had suggested in early June to find some assets that you know. You could comment here and we could discuss. I am analyzing some particular assets for now. Some will move only next week and some will keep moving for 2 weeks.
Interesting opportunity for short term / swing traders.
July 1
As you can say markets have entered into a red alert zone because there is literally no positive energy left. It will take a weekend and more to get back.
Currently it is mostly automated trading whereby the stop losses are being hit and we are in a free fall.
This correction as we discussed on 18th and earlier continues till today.
It is probable that after mid day session the mood may alter.
As projected earlier later tonight I have a feeling that Asia may open somewhat positive and perhaps later Europe, which may impact the local markets too.
Today the worst we already see but the best if there could be a minor gain forming a morning star type of signal.
+ Longer term view: July could be a very shaky month the market indicators will be confusing and many fake setups. So handle with care.
+ Silver : It is not going to run parallel to Gold most probably but its own course. Pl see comments section.
+ Gold : I see a huge burst of Gold price next week but I cant confirm it as yet as it can be in any direction. It is possible that there is a bounce and then bust.
+ Pl see comments section for latest input or ideas. Will be posting a fresh blog later on this weekend. This weekend will be very important time for markets and its watchers.
+ FUTURES trading hours for coming holiday
http://worldmarketpulse.blogspot.com/2010/06/futures-trading-hours-for-coming.html
I moved to http://smartvolume.wordpress.com
-
It was a pain to work with blogspot, yesterday I gave up.
So. here is the link:
http://smartvolume.wordpress.com/
Good luck!
1 year ago
Posts
Little to add but thanks again.
ReplyDeletehello Gin
ReplyDeleteWelcome and thank you for being there I hope you are doing well. If you study tech analysis the H&S formation appears to be a reality now. What do you think and whats your opinion. In my careful studies I find that H&S formation is on its way and absolutely right to the point.
I will suggest extreme care with buying. To cover short in some stocks could be a good idea between today and tomorrow as per the technicals.
If you have any particular stock please comment and we can discuss. I did some studies recent IPOs and some random companies.
Many companies show their strength despite the weakness in broader market. And others just get strength when the broad market is bullish.
You see the difference. The stocks with their own particular strength always perform irrespective of the general trends.
Story of British Petroleum
ReplyDeleteCan anyone help find the exact launch date of BP stock on NYSE. I have two contradictory dates. One is 1970 launch of BP stock and then Apr 2000 ADRs launch. Here is a brief for BP. The modern or original incorp. date of last known was in July 1962 in England.
"British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998, becoming BP Amoco plc. In 2000, BP Amoco acquired Arco (Atlantic Richfield Co.) and Burmah Castrol plc. In 2001 the company formally renamed itself as BP plc and adopted the tagline "Beyond Petroleum," which remains in use today.
In May 2008, when the Amoco name was mostly phased out in favour of "BP Gasoline with Invigorate", promoting BP's new additive, the highest grade of BP gasoline available in the United States was still called Amoco Ultimate.
In April 2004, BP decided to move most of its petrochemical businesses into a separate entity called Innovene within the BP Group. BP sought to sell the new company possibly via an initial public offering (IPO) in the US, and filed IPO plans for Innovene with the New York Stock Exchange on 12 September 2005. On 7 October 2005, however, BP announced that it had agreed to sell Innovene to INEOS, a privately held UK chemical company for $9 billion, thereby scrapping its plans for the IPO
BP was named by Mother Jones Magazine, an investigative journal that "exposes the evils of the corporate world, the government, and the mainstream media", as one of the ten worst corporations in both 2001 and 2005 based on its environmental and human rights records. In 1991 BP was cited as the most polluting company in the US based on EPA toxic release data. BP has been charged with burning polluted gases at its Ohio refinery (for which it was fined $1.7 million), and in July 2000 BP paid a $10 million fine to the EPA for its management of its US refineries. According to PIRG research, between January 1997 and March 1998, BP was responsible for 104 oil spills.
If we consider the original BP incorporation correct that I use its stock could make moves around Jul 1,2 and 6 and then drop again after some more days mainly of consolidation.
ReplyDeleteHello Yushan
ReplyDeleteYou mentioned about oil prices. Are you interested in Crude futures or some oil stocks. There is some divergence in some oil related stocks and the CL prices lately. Well BP is obviously out as it is running on a different course.
astral
ReplyDeleteSeldom do I trade on patterns but this time I am. The last time the H&S pattern was talked of big time was shortly after the July 09 low and many got caught in that one. But this time I have no fear of trading it. I see lower prices going into late summer.
Gin I agree with you. I do like a certain set of patterns that are pretty common and to my horror and delight I have seen them performing as per history. But I seldom traded as you do for perhaps I look at other formations or cycles.
ReplyDeleteBut since I am looking for a confirmation for what I see I was wondering if a pattern could help us out.
Obviously we all want markets to remain stable and fine but nothing in this world works as per our wishes.
As per the pattern the second shoulder formation time would be now.
Now most interesting thing I discover and confirmed multiple times is that some assets and stocks will always have their own particular character despite whatever the rest of the markets do.
I am very excited that individual assets study and trade is the best way to go. I wish I knew it before.
That is the reason I ask my friends to focus. I have so many interesting stocks and assets but dont know if that makes sense to write here and thats why I suggest that if you have a particular asset inquire but be specific and we can analyze it.
I am thinking to start a small service to help a small group of people for rewarding results with my research. But since I am not that organized I am looking for some people who have an existing service. I can make that service very accurate hopefully.
TESLA
ReplyDeleteThere are many IPOs each week but some are watched more intensely by investors. TSLA launched 29th did pretty well as expected by many. If you are holding it or buying today for short term watch on 2nd. 6th to 9th appears to be good for this stock. Wiser will be to put a Stop loss on 9th or 10th to avoid losses.
hello Astro~~ thanks for your replay again. your comment has always been very helpful. I am interested in oil futures. i can see you are suggesting a big turn next week, and i assume its upward movement for equities. meanwhile, r u suggesting that oil is pointing down?
ReplyDeletei paid some attention to the astro aspects too and noticed that saturn will leave NYSE's midheaven by 4th July. do u have any comment on this?
thank u very much for your time. n.n
Dear Yushan
ReplyDeleteI have not yet checked the crude's moves as yet. I have been focusing on precious metals n some soft commodities. I will do some work for crude. Pl know that I have various analytical methods that are used in studies not only financial astrology as that will limit us a lot.
Now Sat leaving NYSE midheaven is obviously a breather:) Sat's main characteristic is that it brings to reality to the bare bottom and at times to brutal reality or honesty. This causes extreme problems for people used to expansive ideas. E.g. anyone under its influence can become a pauper from king in a few days.
However having said that we must use each aspect in wider contexts without which our timing can be tainted or partially correct. Now time after 4th is surely pretty good fortunately even though it may be short period. Make use of this period for any long ideas with care. For that we must plan by this Fri.
Hi Astral, do you look at gold ? how about slw ?
ReplyDeletewill slw follow market or gold next 2 weeks ?
Thank you
Alex
Bring on the rally. My short wagon is pretty empty.
ReplyDeleteHello Alex9
ReplyDeleteGold is still on its course as usual. It may make a burst of up and down next week but it may be sharp so read it carefully.
Silver is not following Gold but the general markets and yes next two weeks are very interesting for Silver.
Hey Gin
ReplyDeleteSo you covered all shorts. That is so good. Imagine that I did not have any position at all in all these days.
I dont expect a consistent rally in July but some up days so be watchful and go by the available indicators that you follow. Lets keep in touch and see how things roll. Today is a good day to watch. Fri may offer some opportunity. Do you have any ideas for next week?
BP: The stock may do some gains from today to 6th and then remain in a good range. If long cover by 6th or 9th July.
ReplyDeleteIf you notice I had suggested few days back not to trade Gold. You saw the great decline in past days and today.
ReplyDeleteGold is as illusory as it is by all means a Glittering metal that allures but like all allures can kill!!
Astral,
ReplyDeleteGold is down strongly... Is it possible your July 2nd turn is a bit early, or do you still anticipate gold to turn [again?] tomorrow or Monday?
Best Regards,
-Mark
Dear Mark
ReplyDeleteI think the day 5th is real one but since its a holiday the futures may make a move that day. However I see a scary spike kind of move on Gold early next week which entails that if there is a move it could be awesome in any direction or if up the decline will follow.
Technically frankly I think we are in for a decline so better wait for a better signal. Dont you think thats a better idea.
astral
ReplyDeleteFor next week I'm looking for any good pop to reshort. If I scale in or pile in will depend on my S/T system.
If this AM or later today is a S/T low I'm open to a rally of some sort to run into 7-16/19 with another dip into 7-9/12. But I'll not wait for the last tick to be short. This might be getting the cart in front of the horse but is 1 scenario I'm watching for.
Might have to amend my earlier comments after running some numbers this AM. Astral seems to feel we'll hold into later next week and right now that is one scenario too. If so that could setup an ABC theme going into July 23 or so.
ReplyDeleteTWT but pops are shorts IMO
Good morning Gin
ReplyDeleteI think it could turn out to be a positive day later. The holding of next week for a minor momentum is literal but I think we will slide from there unless some key events change. Now going short today may not be a good idea. Let me know what do you think later.
Hello Friends
ReplyDeleteMost people think we are doomed. Yes we may be but there would be a respite from next week for about some days. There would be time to take positions on Tuesday.
I will post a blog later in the weekend with a projection but you already know it. I have written it clearly.
The time to go re-short with security is not right now.
If you went long today on broad market or Gold you should be ok.
Hey Astral,
ReplyDeleteI agree with you that we will see some up on tuesday and wednesday of this week. However, it will not be an easy long to take and traders should take profits quickly...If the pattern that i am seeing is correct, going short wednesday close and holding till next week may prove to be a wise descision...looking for the euro to tag 1.2812-1.2840 next week sometime, at which point a nice play back down to 1.25 will be likely.
Hope all is well with you A.G., and if you are in the U.S. , which i don't think so, happy 4th of July.
Glen
Dear Glen
ReplyDeleteGreat to hear from you. Well I was just thinking of you an hour ago for I was analyzing the natal of the United States Independence Day. We do have 3 grand conflicts this year that I see clearly in early Aug, then second week Sept and the dates you mentioned last time. Do you recall you had referred to few dates in Nove. Precisely on those 3 days there is a major challenge to the US that either would be violent or if good energy pervails that energy could be used to resolve the issues.
I do see very clearly that the events of July Aug and then in Nov are slightly off the normal course. I dont want to speculate as it requires more studies and looking at many other countries and charts.
The US has three key conflicts currently that I see that will impact the world, one : the economy and the regulation of financial markets, two: critical issues of Europe and a potential one in Asia three: the military issues related to Mid East and Afghan/Persian Gulf.
These issues are the key issues of this and coming years.
More.. coming.
About your view on the market, mine is pretty close too but I am still trying to figure out a few conflicting things that I see.
ReplyDeleteThis week atleast 2 days appear to be positive probably 6th and 8th.
Next weekm as I project in my limited view, is very wierd for some stocks show great strength on subsequent week but others show wild weakness. I need to do some more work on this one. My only confusion is for next 12 days which are bizarre.
EUR : I will write about it and it sure seems good for now and for many positive days in July. Will get back on this one but I think it may move from 8th.
I am working on a few commodities and currencies
currently and some other inverse indicators to see and decipher few gray days that are not clear to me. Uranus goes RX on 5th and this can empower some sudden event that can make or break the day, well Monday only Futures are open for few hours.
I happen to be in the States and closer to the US Gulf, even though Alex hurricane brought heavy rains but today is a Sunny day. I notice that for past few years the sounds of celebration are subdued. I am praying this year that the United States does not fall into a depression as we are heading for a 1930s type of scene even though everything looks great because the media is totally fake, staged and unrealistic. We are in a war, great economic chaos and in turmoil despite all good feelings so far. I feel that lunatic disasters caused by Cheney/Bush of their 8 years are now showing their results. I just wish that the US can manage to find solutions despite the great gloom that lies ahead.
Have a safe and happy "independence day"!
Good stuff...
ReplyDeleteNot sure how close you are to the Gulf, buy I hope all will be okay for you guys down there...
Side note, est ce que tu parle francais? Just wondering...
No need to point fingers at Bush or Cheney...if they are selected, they are there to full fill certain tasts and guide the country in a certain direction that is predetermined... In my humble opinion, it is us that we should blame. We allow this kind of behavior to continue without any resistance...so many distractions for the sheeple, who cares if this that or the other thing happens, as long as they can watch there favorite t.v. show night after night to escape from reality...it's all good.
Furthermore, if you believe Obama is doing any better of a job than Bush, or other...that too my friend is an illusion. By the way, i am not affiliated or root for either side of the aisle...i vote for the person who offers us the truth...rare nowadays!
look forward to your new post!
ReplyDeleteHello Glen
ReplyDeleteI never point fingers:) I only write from a perspective of mapping the time for which we use human characters as keys or time denominators. For me Dick cheney or bush are cartoon characters and so are all these leaders who can not even manage their lives what on this planet they will manage ours. So do not worry about our mentioning here:)
Je ne parle pas français, mais je comprends parce que, pour Voyage dans le temps, j'ai dû apprendre le latin et le sanskrit et plusieurs autres langues. Ainsi, il est polyglotte, mais l'anglais est pour les travaux pratiques.
No hablo Frances pero entiendo porque para poder viajar en el tiempo tuve que aprender Latin y sanskrit y varios mas idiomas. Asi que uno es poliglota pero Ingles es para trabajos practicos.
Io non parlo francese ma capisco perché per viaggiare nel tempo ho dovuto imparare il latino e il sanscrito e molte lingue. Così è un poliglotta, ma l'inglese è per il lavoro pratico.
See you later....
Hi Yushan
ReplyDeleteHope you are doing fine?
I will get back shortly. I have it clear but I am trying to fathom in the next week to make a few things clear......
Which time zone are you in?
hey astra i am good thank u~~
ReplyDeletei kinda want to enter long position here on equity and not very sure abt the direction of oil next week...
i am in GMT btw~~ kk
Oil and equities are in for a bit unusual ride in next 12 days. Do you have any particular Symbols you like or you just want to know the Crude Oil futures? CL futures this week seem to be very weird.
ReplyDeletewow~~ unusual ride... big waves?
ReplyDeleteyes,i am always interested in oil future and s&p. ( especially saturn left nyse's midheaven yesterday... i wonder what kind of impact will be on the index...)
thank u :)
My 2cents on oil...
ReplyDeletedaily has a pattern that should play out to about 63...also of note the weekly 89sma happens to be at 65. Oh, and the monthly 21sma is at 67 (which held the first time in may!) considering last weeks bearish engulfing candlestick, i would fully assume that targets will be met within those 12 "weird" days...It would also not surprise me one bit if they took it down to 56.25, then up!
As for ES, look for the 89sma on the weekly to hold the first time around...now at 990. I do not believe it will hold this week and 983 will be the next support level...then if that does not work look for 937-939 with a weekly close at 946! Hope that helps! Don't forget ES has already made a lower low for the week, and it's only Monday...
A couple days of rest would be bullish.
ReplyDeleteA friend told me that you had found the holy grail. I think people with good predictive powers do not share all:) But whatever you throw through this blog is like gold. Thank you. I will contact you through email. I represent a major EU bank.
ReplyDeleteAstral...
ReplyDeleteCan you do me, and maybe others, a huge favor...
Can you please take a look at the 30year Treasury Bond Futres...symbol is ZB.
Technically i see them going higher, with a target of 133'20 ish. I would like to hear your take on this particular market.
Thanks in advance,
Glen
Dear Glen
ReplyDeleteJust out of place and couldnt connect.
Next three biz days you could see T B with a move but whatever cover any long by 13th. I cant quantify the numerical value but I think that target may be possible next month.
Hope it helps you bro.
Will get back shortly.
Dear Astra,
ReplyDeleteYour last comment is a bit confusing to me. Did you mean to cover any longs by 13th in stocks or in bonds?
Hello Dear Sirgiyan
ReplyDeleteSorry to get back late as I am bit away due to bad weather.
I meant to cover any T-bond longs [if any] by 13th if possible as thats what I saw.
I am going to revise my work and write back hopefully for more days.