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rjm77me
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rjm77me's Blog : MARKET DIRECTION - EXPECT MONDAY TO BE SLIGHTLY GREEN

Date August 19, 2011    Comments Comments (16)    Rate this post Recommend This Post (886)   
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Expect DOW $INDU to gain about 50 to 100 points on Monday


Some folks may call Dead CAT bounce - SO be it


What is YOUR vote?


 

Tags : FMCN   PWRD   $INDU   HAL   ARMH  

16 Comment(s):

Author rjm77me     Date August 19, 2011 13:35 Abuse this post Report Abuse
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BANKS and HPQ IS KEEpING $INDU in red
LAST HOUR MAY BE IN RED
Author BSNBC     Date August 19, 2011 14:07 Abuse this post Report Abuse
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one Fed official said today that unemployment won't recover for years. even they have given up hope.
Author JoeJustJoe     Date August 19, 2011 14:23 Abuse this post Report Abuse
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McDoog's is "probly" still hirin *-) 3J
Author rjm77me     Date August 19, 2011 14:33 Abuse this post Report Abuse
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Market turns around when 70% plus folks goes Bullish or bearish.
We have fundamental / political problem. All the politicians just want to win the election by brain washing average folks.. Do they give a hoot about average American?
Same thing is happening in Europe - they are being smucks - they will let the market fall till every one cries Uncle - than they hand out an olive branch and win browny points. It has happened three times in two years
Any way SLV just moved above the resistance point of 41.10 set on Aug 8

Just pick your market direction the best you can or watch the show from side lines.
Market is taking a dip - This morning Green push can be option related - So will wait for the momentum at close. Fridays after noon is normally bearish

I MAY HAVE TO REVISE MY MONDAY VIEWS BASED ON CLOSE
Author InvestmentMAGE     Date August 19, 2011 17:06 Abuse this post Report Abuse
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Still Bullish...
Author rjm77me     Date August 21, 2011 19:22  Edited: August 22, 2011 by rjm77me Abuse this post Report Abuse
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U.S. Stock Futures Drop After Big S&P 500 Slump
U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may extend its biggest four-week drop since 2009, as investors weighed concern that the global economy is stalling with the cheapest valuations since 2009.
Check out Europe around 7 AM
Author rjm77me     Date August 21, 2011 22:21 Abuse this post Report Abuse
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STOCKS FUTURES TRYING TO RALLY - WILL BE INTERESTING MONDAY
Author BSNBC     Date August 21, 2011 22:30 Abuse this post Report Abuse
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market seems so stretched to downside. everyday is not going to be a down day even in a bear market.
Author BSNBC     Date August 21, 2011 22:52 Abuse this post Report Abuse
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any idea why you surmised we would be slightly green?
Author rjm77me     Date August 22, 2011 00:57  Edited: August 22, 2011 by rjm77me Abuse this post Report Abuse
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There is no sure bet - market is oversold and lost it's MoJo
One tiny olive branch can be short covering at bullet speed
40% chance it can be a dol drum - take your pick..
Paired trades are better for this market
Author BSNBC     Date August 22, 2011 10:13 Abuse this post Report Abuse
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too many junk companies trading on this market. i hope the bear wipes out a lot of these chinese internet companies, shippers, and housing stocks are just poor businesses.
Author rjm77me     Date August 22, 2011 23:43  Edited: August 22, 2011 by rjm77me Abuse this post Report Abuse
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after hours PWRD +8.1%, FMCN +6.7% Following Earnings/Guidance
ARMH +8.9% (report AAPL may be interested in the company

Author rjm77me     Date August 23, 2011 11:42 Abuse this post Report Abuse
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The market pop has about 3$ upside till Friday - FRIDAY will be coin toss - move of 300 points either way
I AM GOING ON 4 DAY VACATION - NO NEW BLOGS - MAY ADJUST FEW TRADES TIME PERMITTING
Author rjm77me     Date August 24, 2011 19:43 Abuse this post Report Abuse
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I am looking for volume confirmation Meaning when Bears or short sellers capitulate or cover their shorts in decent numbers. Right now short covering is on stock to stock basis.Minimum stock exchange volume should be 10% higher than average daily volume for the market to see change of direction from Bearish phase.
Market up side has met my short term up side target.
I will put real money to work after next Monday - till then it is short term or day to day trades.
Todays up side movement came from lower than avg. volume (1110 mln, vs. 1170 mln avg; 1840 mln, vs. 2083 avg), with advancers outpacing decliners (NYSE 2099/932 Nasdaq 1692/865), and with new lows outpacing new highs (NYSE new highs/new lows 17/31 and NASDAQ new highs/new lows 7/55).

Author rjm77me     Date August 26, 2011 16:40 Abuse this post Report Abuse
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I will have a new blog on Sunday - once I get back home from my vacation.

My views more or less were correct.
Today range says we have support aronud 1135 $INX or %INDU AT 1100
Author JoeJustJoe     Date August 26, 2011 20:11  Edited: August 26, 2011 by rjm77me Abuse this post Report Abuse
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-) 3J
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