Expect a fast move today at/after 9.50 AM EST / 8.50 AM CST
This move could run for about half hour.
Overall a choppy day. Positive but not to expect much gain.
Market would perhaps change at about 2 PM EST / 1 PM CST
Other Key hours CST - Expect very sudden moves today.
Gold will keep gyrating in a range. Watch for an intra day move around 2 PM est / 1 pm cst
July 12, 2010 9:21 AM
July 12, 2010 11:55 AM
July 12, 2010 12:50 PM
July 12, 2010 1:05 PM
July 12, 2010 1:50 PM
Agri / Soft Futures: Sugar, Wheat and Rough Rice may make some moves.
It is not a very good idea to go short on long term as yet on broad market.
T-Bonds : Move began today instead of Fri. May continue till 13th vigorously.
+ Gold to gyrate in a range. Watch for an intra day move around 2 PM est / 1 pm cst
+ First two days of this week bad for day trading.
Expect Tuesday, a worse day than today so handle with care. In this environment it is naive to decide a direction.
If you want to position search for a few longs Tuesday some time.
T-Bonds may make a better move tomorrow.
JULY 13
Well there was powerful strength for day 14th but it advanced one day. 14th continues to be a very hot day for bulls. Some stocks will surely reach their top on Wednesday.
You could search for good short positions on 14th. If you want the best hour I could suggest.
HOWEVER do not yet consider this final as yet. The bull run will continue after a short interval but we are very close to the peak and big fall will be imminent shortly. Many people who do not understand timing will lose all they have.
More later ..
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
First two days of this week bad for day trading.
ReplyDeleteExpect Tuesday, a worse day than today so handle with care. In this environment it is naive to decide a direction.
If you want to position search for a few longs Tuesday some time.
T-Bonds may make a better move tomorrow.
Having a problem staying bullish much longer.
ReplyDeleteHello Gin
ReplyDeleteThe move of 14th has happened on 13th.
Just wait till 14th for it will be the top for short term.
Hello astralguide. (my virgin comment on your blog here). Could you please unveil what would be the approx. length of the interval to stay short after the 14th ?
ReplyDeleteThanx a lot! Quite an outstanding blog you created!
MaxAlex
Hello MaxAlex
ReplyDeleteGreat to hear from you. Your virgin comment is very good.
Well please know 15th is not a very down day as such but its a weak day. But since there is something fishy going on with the markets for certain segments, we can say that upto 19th Monday we should remain bearish.
My advise is to follow the technicals there on. Now some stocks will remain very strong but more will graduate to become very weak from 15th causing a fall.
HOWEVER THE real bigger fall is not due yet but we never know. I have to re calculate next week to be more precise but expect 2 and half up days next week for sure but on larger context I dont know yet how we stand. I will do some more study and get back. Do you have any view please share.
Hello astralguide.
ReplyDeleteThanks a lot for your prompt response!
Well my current understanding (based on the elliott waves and intermarket analysis) is that the broad market could top out this July (most likely below 1130 for the SPX) and find a bottom (between 960 and 990) somewhere in the first half of August. That could be THE bottom for this year meaning that the broad market could go up from August to reach a new yearly high (1250...1320)towards the end of October. Do you feel that my picture is somehow supported by your view? Do you think there is something else brewing between now and October (from the astro perspective) that I need to take into account to modify my view? I would greatly appreciate your input!
MaxAlex
Hello astralguide.
ReplyDeleteWhat would be your view on the stock of British Petroleum? Today I've sold short some and planning to build a sizeable short position towards the end of this week. My current understanding for the BP is that it could trade in a broad range (currently at the top of that perspective range) towards the end of October to reach the ultimate low (somewhere 50% below the current price level) in Jan or Feb 2011.
MaxAlex
Dear MaxAlex
ReplyDeleteAllow me few hours as I will get back to your posts shortly as I am stuck with a few urgent things.
Dear astralguide
ReplyDeletePlease take your time.
I'm looking forward to your next post.
MaxAlex
Dear MaxAlex
ReplyDeleteI cant quantify SPX right now but I think if it can move beyond 1110 point on 14th it may even touch between 1120/1130 by 15th.
Having said that I am not very sure of 15th as 15th may be a bad day and the peak may be well around 1112 on 14th itself. From there on for now bullishness may be hard to carry on.
Your view on Oct is fairly good but I am bit suspicious on September which may be slightly sharp month. August may not be very strong month but with lower liquidity and some positive days anything is possible. I do not want to project very long term without substantial research but I do provide very timely clear hints on next momentum just as a small humble contribution and many of my friends have benefited at times.
I do not speculate or offer shaky pointers. For me it is do or die:)
I have made 2 mistakes in past months for one day each month which was caused by my miscalculation for weekends, since those mistakes cost me a fortune I am extremely skeptical of my own analysis and being very conservative I do not risk nor suggest. It is better to not trade than risking the portfolio.
Rest later.
Dear MaxAlex
ReplyDeleteBP : I have done some quick work on it re-doing some back tests. It is a difficult company to handle lets say compared to AA for it has many reincarnations and births.
The best I see for now is that i do see 14th a very weak day for BP and possibly declining. For now it may do a bit well on 19, 20, and 21 Jul.
From here on even though it has bad fundamentals it may follow somewhat the broader segment of other Oil stocks to some extent.
I usually go for very short term positions. If you want to stay in touch we can discuss further for now to give you my view I see it down from 14th to 19th.
Hope it makes sense to you and other friends.
Maxalex
ReplyDeleteSaw a fake print of 34.20 on BP most likely will go there
Astral,
ReplyDeleteThere is a fake print of 112.41 spy seen two weeks ago . Prints comes on the screen suddenly to let mm's relatives or friends know, where they are trying to take the market
Hi, what is this fake print ? And who are these mm's relatives or friends ?
ReplyDeleteThank you
Alex
Dear Reza Thank you for the great info. I agree and I am sure like March this is a jacked up market by the floor group and other few.
ReplyDeleteAlex9 : You can imagine:)