SPDR S&P 500 Message Board
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Buy small caps. They are the leader. The FED will not disappoint Wall Street. Wall Street tells them excatly what to say. same deal as Obama's teleprompter.
Sentiment: Strong Buy
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Go IWM go. Bernanke's favorite index with a PE over 40. MDY not confirming nor the Transports. But who cares just buy IWM on margin and TNA forever. Rock on.
Sentiment: Strong Buy
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next test is 50 dma and this time it will fail to hold. the FED needs a market correction down to the 200 dma to shake out some of the excesses and record levels of margin debt. 20 and 10 in downtrend and 50 peaking and about to roll over and head toward the 200 dma. who knows if we get the dreaded death cross but will be a fun ride down the slope of hope.
Sentiment: Strong Sell
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Recent bouts of positive correlation between equities, bonds and commodities suggest that the Fed’s stimulus inflated prices of financial assets, and removal of the stimulus could create a tail event in which prices of most of assets could go down. To reduce this risk, investors could diversify ‘safe haven’ assets away from treasuries and into other assets that are at lower risk in case of tapering. For instance, investors could increase allocations to equity index put options.... we think that the quick increase of net margin debt, and high ratio of margin debt to S&P 500 do point to an increased probability of a market correction and volatility increase in the second half of the year." - JPMorgan
Sentiment: Strong Sell
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TRANSPORTS Down on the day.......a leading indicator?
Sentiment: Strong Sell
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a/d's are C D+ and C- on the major indexes in IBD as well. The IBD MF index appears to be making lower highs and lower lows. That is a very broad representation of the market's best fund managers.
Sentiment: Strong Sell
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Closed well off intraday highs on rising volume meaning Institutions still bailing on strength. DD count is very elevated now. Be very cautious. When we take out 1598, market will be back in Correction
Sentiment: Strong Sell
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and below daily VWAP so the average buyer of today's pop is now in a losing position. Better cut our losses before the trap door opens.
Sentiment: Strong Sell
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Remember only price pays and this will likely, when all is said and done, be another down week for US and global equities. Enjoy the pop before the EOD selloff/distributuion/stalling action.
Sentiment: Hold
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can we stay above the declining 20 dma? also note the retest of the broken trend line in the Dow Transports being tested from the Nov lows. Would like to see higher volume on such a broad based rally today. But market in confirmed uptrend so BUY with everything you got. Max out the HELOC. Get a payday loan. anything just buy SPY!!! They want it over 170 and then 190. close shorts go long!
Sentiment: Strong Buy
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perfect time to close longs and go short at open assuming futures hold up a lot until 9:30 ET. The smart money is using these little rallies in a primary downtrend to add to shorts. Unless SPX can stay and close above 1648 today (the declining 20 dma), the downtrend will continue. Believe it or not, the FED wants the equity market to selloff some or the Bubble will only get more inflated making the crash even worse in a few months.
Sentiment: Strong Sell
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the more times support is tested, in this case the 50 dma line in the sand, the more likely it is to fail. with the indexes stuck below the declining 5, 10 and 20 dma's, this market is guilty until proven innocent. If support at the 50 and the 1598 level on SPX is taken out early this week, the market is very guilty. Prechter's folks are extremely Bearish with a dire warning to get out of stocks and bonds now, period.
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Nikkei Futes dn 270 @ 12500, Cliff-dive low is 12310..
by golfrattt53 •Jun 16, 2013 5:06 PMbreach 1550 this week, 1500 next week and 1450 after Juily 4. 1340 by July 31. 1265 by August 31 then we will reevaluate if bottom or just the start of a larger downdraft. One clue is Oil skyrocketing yet gas hasn't budged. No aggregate demand. means things are far worse than expected and QE unlimited will do nothing. The QE could even make it worse when the derivitive bubble explodes and JPM and GS (the two banks with most of the worldwide derivitive exposure) go under as the next crisis unfolds.
Sentiment: Strong Sell
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SPY $125 by September 15, 2013. Perhaps even sooner.
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be careful if Long NYSE is below the 50 DMA still in correctiom per me
by ibdman15 •Jun 14, 2013 9:07 PMnow is the time to exit all long positions and be in cash with some to moderate short exposure since everyone that CNBC parades on the set is an uber Bull. Watch the NYSE comp, Wilshire 5000 and IBD 6000 and Value Line indexes for clues....those broad based indexes represent US equities and are not looking bullish right now. In fact, those have all topped and are in a downtrend of lower highs and lower lows. Why IBD removed the NYSE Comp chart and replaced with the Dow I'll never understand. The Dow is just 30 price weighted stock...not even market cap weighted.
Sentiment: Strong Sell
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IBD made a grave mistake to their readers calling market in correction Tuesday and Wednesday then going back into confirmed uptrend on Thursday. Today's action was actually quite Bearish and Thursday's was not that bullish. If anything IBD should show the Distribition day count on the Big Picture as of Tuesday because if Wednesday's lows are undercut the market will be back in correction instantely but there won't be any distribution days shown to justify it yet they will mysteriously appear. Wonder why they stopped showing those on their Charts next to the Big Picture.....and their calls of under pressure, correction and uptrend? Market crashes even more next week. something really big is about to happen. SPX 666 within 12 months. be cery cautious indeed
Sentiment: Strong Sell
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yesterday's low did not undercut the June 5 low. therefore those looking at the daily as a double bottom need to be cautious. 1595 will likely get taken out and SPX drops to 1500 for a test in the next week.
Sentiment: Strong Sell
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hey all. IBD is incorrect. Market went into correction on Tuesday June 11. so it's only been in correction two days. Therefore, per IBD's own rules they can't have a FTD 2 days after going into correction mode. Their writer said today was 6 days into a rally attempt. problem is the market was not yet in a correction on June 6. Plus in modern times the gain must be 2% on higher volume. 100% of the increase in NYSE volume today was a result of merger news. Without Safeway, NYSE volume would have decreased indicating that the Institutions were simply absent buyers in today's rally. The NDQ volume decreased. If anything IBD needs to keep the DD day count at 8 and 6 as of yesterday. Market will likely fall off cliff tomorrow and they will simply go back into Correction call. probably best to stand clear until a clear UT or DT resumes. The likely next move is down a lot.
Sentiment: Strong Buy
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It’s like that old saying– better to be a year (or decade) too early than a day too late. Because one should never underestimate the speed with which things can unravel.
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we could play Guess the bottom. but this new Bear Market could last 9-12 months or more. so that could be premature other than the p/c was 1.16 today so some will say that means a bottom. I doubt it. too many margin calls in morning. How's it feel to use your HELOC to buy stocks at a market peak? better cut your losses quickly.
Sentiment: Strong Sell