Weather here is beautiful.....not too humid, yep got the 34 print, now lets see if it does anything about it. Likewise to you stay cool. Ponz.
Yes we've had delayed reaction moves after earnings. Would like to think that this will happen this time. Like we say around here, CME will never do what you expect it to do at any give moment. This ascending triangle pattern is really getting squeezed as the lows are moving higher. Might just be that this delayed reaction will be what springs it loose to the upside? For now its just having a battle with the 20 day MA. GOOG, just trading in a narrow range. Don't have much to say now as it marks time. A trade of 634 would be good to get the blood flowing again. Yeah boy that gold market. Nasty. Its got to be building up some serious bearishness there I would think? I notice that CME's volume is picking up today and while I agree with you about August, maybe we can get surprised with some better action. I want to say that Aug of last year averaged around 12.4M but I would have to look that up to be sure. Yahoo has mostly been working OK for me. You just never know. Keep the long posts short until you think its going to work right for you. Nothing worse than that. Ponz.
You'd think they could throw us a quarter or something. You know, throw the dog a bone.....well, the small point chart threw out a buy signal. Whoopie. Ponz.
Yeah now they are bidding it up going into earnings....the last couple of quarters it seems, and then schmooodatz after that. Ponz.
Just read it. Collateral damage. Customer's both big and small all matter. Any other "glitches" as Obama would say hanging out there....... Ponz. PS. I think you'd of been happier the way you were when you were away from all this mess.
Plenty of rats to go around I the commodity gig. We can't forget too, that CME is "never" likely to leave a gap unfilled so it looks like the 50 day MA and a gap fill will be had. After that.......... Ponz.
I don't have my other news source available so there could be a downgrade in there. If I see it later is afternoon I will let you know. The one othe thing I can throw in there is that commodities across the board have been clobbered an they might "think" that this will hurt CME as volumes will suffer because of it. If that is so, that's a real dangerous game to play. Nobody can predict volumes. They sure could use it to their benefit to shake the tree though, that's for sure. Ponz.
That reversal the other day killed it after it set a new high which led it to set off a high pole warning on the .25X.75 chart. Add to that the LOUSY volume the past week and that would seem to be it. I do see where the adjusted high for today was lowered. CME. Would like to see it hold 97 and not print a 96 to keep Pole's 3 box key alive. 96.50 presents another failure number. Holding 97 would be better since it might keep the MACD line from crossing as well as keep the RSI around the 50 mark. Its CME what else is to be expected right? Even with today, what I do like is this ascending triangle pattern CME has been in. Its easy to see and should it pan out whereby CME breaks over the previous high then once again it could lead to a good run higher. Thing is I don't see a catalyst for it and don't really think that earnings will provide it since they are so widely known in advance....but you never know. After that the only thing to sit on will be if GrandMa raises rates in Sept which she should do. Ponz.
They didn't want a single share in the 2nd quarter. Now that we're in the 3rd quarter they pile all over one another to own it. The best things in life are free....that's what I want, that's what I want........Ponz.
"They" sure must be looking for something really good to happen on that earnings call. Watch out if the call doesn't give them what they are looking for. Ponz.
What a crime that extortion was. Yet the crooks walk free. Ponz. Keep working those numbers.
That's always the 64K dollar question of if to work it off or not. Good chance it could do both, work off then higher and with conflicting signals it boils down to your time frame and discipline. Its a tough call Poles. My feeling on it is that they could certainly push that RSI up over 70 and push prices higher. Ponz.