Some people have respect for charts others not.
I find when the market is in turmoil everyone on tv starts talking fundamentals.
I find charts to be more helpful during times of volatility. Any way this evening glancing at the tv during dinner they slapped up a chart of the DOW and i said 10,500 may be in the cards.
Comments »Sweet 4.4% “correction.”
Comments »Off by 3.75%
Comments »We’re just getting warmed up.
Comments »No. Ticker % Change
1 TVIX 46.97
2 VIXY 22.94
3 VXX 22.13
4 ERY 21.15
5 DPK 20.57
6 VIIX 19.49
7 TZA 18.31
8 SRTY 17.85
9 LHB 17.60
10 EDZ 17.57
11 MWN 17.56
12 SOXS 17.32
13 YANG 16.74
14 BXDC 15.95
15 SMN 15.93
16 DRV 15.46
17 EPV 14.94
18 FAZ 14.94
19 SPXU 14.78
20 ZSL 14.23
21 EFU 13.91
22 TYP 13.81
23 DUG 13.71
24 BGZ 13.64
25 BZQ 13.45
——————————–
No. Ticker % Change
1 XIV -20.45
2 DZK -20.40
3 ERX -19.83
4 RUSL -18.92
5 MATL -18.60
6 TNA -18.19
7 COWL -17.91
8 MWJ -17.70
9 EDC -17.27
10 LBJ -16.85
11 SOXL -16.38
12 DRN -16.34
13 YINN -16.08
14 UYM -15.82
15 FAS -15.24
16 BGU -14.85
17 AGQ -14.30
18 UPRO -14.13
19 TYH -13.68
20 TQQQ -13.27
21 DIG -12.46
22 UKK -12.42
23 UWM -12.05
24 UCO -12.04
25 MVV -11.65
No. Ticker % Change Market Cap
1 DNDN -67.05 5,230,000,000
2 PMI -53.41 142,190,000
3 AIB -40.24 2,010,000,000
4 MCZ -39.03 78,000,000
5 NTSP -38.59 684,810,000
6 SCOR -38.28 671,650,000
7 ENTR -38.17 572,320,000
8 FSTR -35.94 350,650,000
9 GTIV -34.02 408,500,000
10 LEAP -33.76 789,130,000
11 RPTP -33.33 192,000,000
12 GNOM -31.38 354,500,000
13 EMKR -30.66 214,650,000
14 WLT -29.40 6,880,000,000
15 HUN -29.13 4,300,000,000
16 CLWR -28.54 608,120,000
17 SVNT -28.11 453,220,000
18 AHT -27.23 649,190,000
19 CTB -27.22 1,020,000,000
20 CEDC -27.15 648,610,000
21 MDR -26.80 4,470,000,000
22 IN -26.76 617,080,000
23 KSWS -25.61 362,440,000
24 USU -24.69 387,670,000
25 ARO -24.15 1,330,000,000
————————————————–
No. Ticker % Change Market Cap
1 CTC 21.49 75,060,000
2 WWWW 19.52 236,510,000
3 ATSG 16.49 311,170,000
4 EM 12.92 1,480,000,000
5 AUTH 10.69 126,940,000
6 NSIT 9.63 771,260,000
7 CHRM 9.00 989,960,000
8 FIRE 7.26 684,350,000
9 SRDX 6.78 180,770,000
10 HVT 6.49 235,740,000
11 LIWA 6.42 191,900,000
12 IGC 6.32 5,190,000
13 STMP 5.86 251,940,000
14 ULBI 5.32 81,250,000
15 OSG 4.77 600,180,000
16 VIRC 4.51 34,660,000
17 RWC 4.46 15,130,000
18 SWI 4.32 1,550,000,000
19 RDI 4.07 96,050,000
20 TELK 3.92 27,520,000
21 MERR 3.92 5,470,000
22 ABCO 3.84 931,190,000
23 FUEL 3.77 13,360,000
24 PKD 3.76 673,450,000
25 MMI 3.68 6,620,000,000
R.I.F.
Woodshedder deserves some major props on his last post on a Bullish hammer becoming a Bull Trap.
You plebs do not deserve the free service being doled out on this here blog !
“Be like water my fellow traders”
Comments »So today was a bad day to say the least. The other day i thought our sell off was not over.
Confidence has to be bolstered in order to get buyers to the table. The acceleration of selling into the bell is a clear indication that investors do not want to wake up to another debacle.
As stated a few days ago the support levels in the S&P are 1244, 1220, 1200. Given today’s action we must now consider 1182, 1170, 1140, and the Art Cashin mention of 1122ish.
The PPT has the SPY @ 1.65 hybrid score and we have seen as low as 1.44 as a low reversal number.
Given all the indicators tomorrow may be our reversal day, but being a Friday I’m not 100% on this especially if the ECB has nothing to say. So Probably best to wait for Monday or Tuesday.
Pay close attention to any emergency meetings in Europe and any mention of some sort of new bond purchasing approach. Also we have the Clam Beard Bernanke talking on Tuesday.
If tomorrow’s Unemployment is good to okay do not get caught up in a head fake rally.
[youtube:http://www.youtube.com/watch?v=kIjkW6iyXNo 450 300]
A friend of mine contacted me earlier to let me know that Italy has raided Moody’s and S&P. He posted the link to my wall; I’ve included it below.
I’m sure this will do wonders to their credibility.
Comments »MILAN, Aug 4 (Reuters) – Italian prosecutors have seized documents at the offices of rating agencies Moody’s and Standard & Poor’s in a probe over suspected “anomalous” fluctuations in Italian share prices, a prosecutor said on Thursday.
The measure is aimed at “verifying whether these agencies respect regulations as they carry out their work,” Carlo Maria Capistro, who heads the prosecutors’ office in the southern town of Trani which is leading the probe, told Reuters.
The documents were seized at the Milan offices of the two agencies on Wednesday, he said, adding that prosecutors had also asked Italian market regulator Consob to provide documents relating to their registration in Italy.
S&P in Italy said in a statement it believed the probe was “groundless.”
“We strongly defend our work, our reputation and that of our analysts,” it said.
Moody’s said it “takes its responsibilities surrounding the dissemination of market sensitive information very seriously and is cooperating with the authorities.”
The Trani prosecutors have opened two probes — one for each rating agency — after a complaint by two consumer groups over the impact of their reports about Italy on Milan stock prices.
The first complaint was filed against Moody’s after it published a report in May 2010 about the risk of contagion for Italian banks from the Greek crisis.
A second complaint filed in May this year targeted Standard & Poor’s after it threatened to downgrade Italy’s credit rating because of its huge public debt.
The prosecutors are also investigating whether any crimes were committed during a sell-off in Italian assets on July 8 and July 11 as fears spread that the euro zone’s third largest economy is being sucked into the widening debt crisis.
One of the consumer groups behind the complaints said the probe was aimed at finding out whether the market’s sharp drop was due to a “precise scheme by hedge funds and other unidentified players that could be linked to the negative comments about Italian public finances by the rating agencies.”
Consob last month summoned Moody’s and S&P for meetings and urged them not to release their statements during market hours.
DO NOT TAKE THIS SELL OF LIGHTLY. THINK TWICE ABOUT BUYING WHAT YOU THINK IS THE BOTTOM.
Euro banks are holding paper that can’t burn fast enough. What we have is a wide spread race to zero aka asset impairment in the Eurozone….
Comments »Germany is on the hook to save the entire Eurozone.
With all the history of infighting amongst European nations, the inability to print money, and with all of Europe on vacation we may see a global panic over the coming weeks unless emergency meetings are held and more Brady type bonds are issued.
The debt shell game is over for Europe as of yesterday.
Comments »Lots of you guys hate on Zero. Guess it’s his politics or the fact that it is hard to hear the truth over and over. Sometimes a broken record is an important harbinger of what’s to come…..So the question is; Will the U.K. be the next domino in the SigmaX trade ?
Original source posted here on iBC
Comments »off by 6%.
Comments »Uncle Sam allowed you you to snort cocaine off of Client 9’s Kristen ass…
[youtube:http://www.youtube.com/watch?v=Nej1kjnt5cY 450 300] Comments »No. Ticker % Change
1 TVIX 20.00
2 LHB 15.37
3 DPK 15.27
4 ERY 14.54
5 EDZ 13.27
6 YANG 12.21
7 VIIX 11.77
8 SMN 11.44
9 SOXS 11.14
10 EPV 11.00
11 BZQ 10.99
12 MWN 10.63
13 EFU 10.31
14 VIXY 9.74
15 DUG 9.72
16 VXX 9.68
17 BGZ 9.60
18 EWV 9.48
19 TZA 9.24
20 EEV 9.20
21 SPXU 8.93
22 TYP 8.81
23 SRTY 8.73
24 ZSL 8.54
25 DUST 8.42
26 FAZ
Absolute bloodbath.
Comments »
