It’s important to acknowledge what is moving the indices everyday. The biggest companies, by market cap, is where the big money hides. Using a simple screen in The PPT, cross referencing companies with market caps over 10 billion and ranked highest by technicals— using our algorithms— here is your current leadership.
HDB
LVS
GENZ
SAN
FIS
AZN
UBS
FMS
CMCSA
PX
HIT
BBD
NOTE: Cajun is gifting away 12631 t-shirts. But there’s a catch.
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What happens if I click on Cramer?
he eats your brains
ZOMBIE CRAMER LIVES
BULLS WIN!!!!
http://latimesblogs.latimes.com/unleashed/2010/07/catalonia-becomes-second-spanish-region-to-ban-bullfighting.html
I liked this from FT yesterday: “European sovereign risk hasn’t gone away. It’s just on its summer holidays.” Very well-said.
Fig…my first ever.
PLAY AGAIN
Fucking I-phone, fucking AT&T, fucking fumble fingers. Fig glory lost.
Nikkei up six days in a row, gold falling off the cliff, Euro in a holding pattern, I’ve eaten every sandwich known to civilized mankind.
I’m going to bed after my 5-hour wears off in about two hours.
In the event of a yen appreciation and perhaps a AUD decline, I like the prospects of ARS/AUD more than the ARS/BRL trade I mentioned yesterday. The positive carry unwind of AUD/JPY and any other carry long AUD will only exacerbate the flow. The RBA reported a softer CPI which led hawkish inflation predictions on rates to subside. This may spook some of those in long AUD carry, not to mention concern at the BOJ over the rising yen. Implied vol on the options is super low on the ARS, GDP expectation was just raised above consensus, foreign dollar reserves are at record highs, and peso bonds are finally attracting attention. Also, inflation linked bonds have tightened substantially since May. Pray to the soybean gods.
Love the risk/reward on this trade. I’d love to know the strikes and prices for the call options on ARS/AUD.
EFA and EMU now hitting new 3 month relative strength highs vs. SPY as of today’s close.
Latin American markets hit 6 month relative strength highs vs the S&P last Friday, and Asia has been hitting 1 and 2 year RS highs vs S&P the past 3 weeks.
Money flows. It’s happening.
Git yers.
Good news brought much, much too late…
Heh.
________
Interesting. I checked each for current performance vs. SP. I assumed each would be outperforming SP given PPT Technicals. Each one is in fact currently outperforming the S&P (60 min chart).
Call now… Our operators are standing by!
Watch the dollah, damnit!
______________
OEW Nightly Recap: http://caldaroew.spaces.live.com/blog/cns!D2CB8C5EBA2ADE86!81894.entry#comment
> The market continued to pullback today from the recent rally high at SPX 1121. When hitting today’s low at SPX 1103, this pullback (18 points) is now a bit more than the usual 10 – 15 point pullbacks that normally occur during good rallies. During this pullback the hourly chart RSI is now slightly oversold and the daily RSI has had a nice little pullback as well. This suggests the market should be close to ending this decline and should resume its advance shortly. <
LVS? LVS? Cripes. The world really IS coming to an end soon.
Wake up and smell the ralley.
Is that a type of fish?
If the initial jobless claims are seen in any positive way whatsoever today I will go net long pretty heavily. Its not that I dont think we’ll be back at 1000 soon, but you can’t rush too much of a good thing. The weekly chart looks pretty bullish, and the PIIGS are off the table, so it is going to take slow rolling econ news to drive us lower.
I hope you are out of your hedges… for your health sake
NO FEAR!
Crap.
No more tickets left for the Sunday Rays-Yankees game.
Waited too long.
PPT overbought more than few days here but yet…
Perhaps new recent algorithm “tweak” manipulated by Cramer himself?
ALLPROz
Cramer has a tendency to use McLellen Oscillator, which is overbought.
Slow Stoch and Williams % overbought.
RSI is not overbought yet and is trending up.
does anyone else see a gap on the e mini futures at midnight?
that’s the first time I can recall seeing a gap
shit happens often bro
Why does Scott yell?
We should ask him. It hurts my ears sometimes. By the time I get to the volume control, he’s done yelling. 🙂
Will Glenn Beck encourage concealed carry at his 8-28 rally? If no, WHY not?
http://www.infowars.com/the-year-america-dissolved/
Because glenn beck will soon be a convicted felon, and they can’t carry guns
http://stk.ly/9RKeJr
fudge it im getting short on this.
its going LOWER (IMGO)
Heavy selling in the chips from the start.
Can’t be good for NAZ.
TC- How did you know that would happen?
Some 20-25 years of fun and pain.
Although, banks could mean a decent day for S&P- Jekyll and Hyde day.
Did you see all of the bullish so called experts on CNBC?
Seen that story before-both ways.
Missed CNBC. I’ve got that same “fun and pain” problem. Been more fun lately. I guess eventually everyone is trainable.
Why are we seeing weakness here? Because we found resistance and closed at lows yesterday, and opened at resistance today.
get it?
As Ed Hart once said (paraphrasing of course) referring to a market commentator’s reaction to a GDP report: “And if you put wheels on your Aunt Martha you would have a bus.”
Do you understand Sir noodle?
“We will only know in the fullness of time.”
Indeud.
You mean Aunt Mabel, right?
Anyways…
IS THE MARKET FALLING, OR IS IT NOT?
thats right.
anyways Yogi, sorry if I sound like a asshole…
I wish the best to you.
Au contraire noodle. No offense taken. I was just joking around with TC. BTW, TZA is my my largest holding hedging my long portfolio. So it’s always a good day when one is on the right side of the market.
Out SSG (2X inverse SOX-chips) for a nice 1.5%.
Financials hanging too tough for a good down day.
Nasdaq leading the way down…
Mv VXX is hurting…is there any kind of salve or rub for that?
Patience. Time will heal and one day you will see 40+ again. 22.10 today was a great time to add. 25+ is coming very soon.
Are the Chart People predicting VXX to rise?
I dunno but ive got 2500 of em…they hurt when they hurt
yes… eat a sandwhich!
WSJC – nice Gravatar!
likewise….Robert Shaw = Brilliant
Here’s to swimmin with bow-legged women!
Only question about this market today…are we going to sell off nice and easy…or are we going to do it the hard ala Tina Turner…Proud Mary…..http://www.youtube.com/watch?v=UJGoNeM3WzY
lower, lower, lower we go… where we stop…. nobody knows.
where’s my DOW 8000 hat!
Careful.
Keep eye on XLF for possible reversal back up (intraday only) in S&P.
Daytraders and machines rule the markets.
Doesn’t anybody invest anymore?
market is looking for – http://www.youtube.com/watch?v=7uADsIEqGzQ&NR=1
Lordy, the head-fake moves in this market are so methodic and standard they should be patented.
VXX on my chest and profiting nicely.
Gracias, amigo Fly.
all righty then.
in FAZ and DRV again.
so
let the collaspe begin
HEH HEH HEH home for lunch and to take profits ..if you think thats ok
very well played
Good sandwhich, more downside to come, a lot of puckered assholes heading into GDP tomorrow…..coked out money managers will be scramblin’ by 3:00 est