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Post by huh on Jul 17, 2014 9:23:42 GMT -5
Microsoft laying off 18,000 employees.
Ridiculous. I know how to fix their problem! Even make them the leader in mobile.
They need to ask for outside opinions, like a Microsoft innovation contest or something (I think they used to do this).
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Post by huh on Jul 17, 2014 9:25:20 GMT -5
XLF morning gap fill at 22.95 should prove to be important for today.
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Post by huh on Jul 17, 2014 9:42:35 GMT -5
IWM looks weak. XLF looks weak. VIX scams outperformed spot VIX yesterday. All usually ominous signs for S&P.
But I still can't help feeling that S&P will at least see ~1% over 2000 before a top could be in.
Famous last words, right? hee hee
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Post by jacksrbtr on Jul 17, 2014 9:50:35 GMT -5
IWM looks weak. XLF looks weak. VIX scams outperformed spot VIX yesterday. All usually ominous signs for S&P. But I still can't help feeling that S&P will at least see ~1% over 2000 before a top could be in. Famous last words, right? hee hee Was that Mike Tyson who took a piece out of your ear or was it that soccer player?
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Post by huh on Jul 17, 2014 9:50:53 GMT -5
IWM LOD of 113.41 is the 76.4 FIB retracement from the 06/03 low. Last FIB support of this recent leg up.
The 200 dma sits at 113.29.
If it were going to run for that 122 upside target, I'd expect it to begin in this support range. Otherwise it could get ugly.
JMHO
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Post by huh on Jul 17, 2014 9:52:24 GMT -5
IWM looks weak. XLF looks weak. VIX scams outperformed spot VIX yesterday. All usually ominous signs for S&P. But I still can't help feeling that S&P will at least see ~1% over 2000 before a top could be in. Famous last words, right? hee hee Was that Mike Tyson who took a piece out of your ear or was it that soccer player? It was a bull.
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Post by jacksrbtr on Jul 17, 2014 9:52:54 GMT -5
IWM LOD of 113.41 is the 76.4 FIB retracement from the 06/03 low. Last FIB support of this recent leg up. The 200 dma sits at 113.29. If it were going to run for that 122 upside target, I'd expect it to begin in this support range. Otherwise it could get ugly. JMHO I'm banking on "ugly."
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Post by huh on Jul 17, 2014 10:00:26 GMT -5
Was that Mike Tyson who took a piece out of your ear or was it that soccer player? It was a bull.
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Post by huh on Jul 17, 2014 10:11:23 GMT -5
XLF morning gap fill at 22.95 should prove to be important for today. Looks like it needs to see 22.60's first.
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Post by huh on Jul 17, 2014 10:18:26 GMT -5
IWM LOD of 113.41 is the 76.4 FIB retracement from the 06/03 low. Last FIB support of this recent leg up. The 200 dma sits at 113.29. If it were going to run for that 122 upside target, I'd expect it to begin in this support range. Otherwise it could get ugly. JMHO IWM tagged its 200dma & bottom BB, and VIX filling a gap at 11.96. If market's to turn up today, should happen here.
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Post by Herceg on Jul 17, 2014 10:54:36 GMT -5
Microsoft laying off 18,000 employees. Ridiculous. I know how to fix their problem! Even make them the leader in mobile. They need to ask for outside opinions, like a Microsoft innovation contest or something (I think they used to do this). It will get worse.......I read last night that Walgreens might be moving Corp HQ to Switzerland due to tax savings and I believe Medco to Ireland for same reason..............Gotta love the Politicians to tax the $hit out of everybody and provide handouts to the lazy arses............Middle class stuck in the middle and getting smaller........ JMO and BOL......
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Post by huh on Jul 17, 2014 11:00:46 GMT -5
IWM LOD of 113.41 is the 76.4 FIB retracement from the 06/03 low. Last FIB support of this recent leg up. The 200 dma sits at 113.29. If it were going to run for that 122 upside target, I'd expect it to begin in this support range. Otherwise it could get ugly. JMHO IWM tagged its 200dma & bottom BB, and VIX filling a gap at 11.96. If market's to turn up today, should happen here. Ouch. Lots of supports failing.
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Post by huh on Jul 17, 2014 11:10:08 GMT -5
XLF morning gap fill at 22.95 should prove to be important for today. Looks like it needs to see 22.60's first. Here's that potential XLF support I was referring too (22.61-22.69):
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Post by huh on Jul 17, 2014 11:17:24 GMT -5
AMZN over 353.25 and it should resume it's uptrend. Support/stop is LOD.
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Post by huh on Jul 17, 2014 11:28:25 GMT -5
I'm not in anything right now and only trying to show where some supports/long plays might exist. No doubt this pullback is ugly, but I'd be surprised if indices weren't green by EOD. These pullbacks into lunchtime many times reverse in the afternoon. But I could be totally and completely "not right". And would definitely wait for moves back above resistances for long trades, or even wait for VIX to lose support ~12.47. I'm simply waiting for buy orders to hit on MNKD. AFK & BOL all.
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Post by huh on Jul 17, 2014 13:12:11 GMT -5
OK, I give up.
Die Market Die!
DOOM! DOOM!
Maybe that will give it a lift.
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Post by huh on Jul 17, 2014 13:19:32 GMT -5
KlaXoN Alert!
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Post by huh on Jul 17, 2014 13:51:37 GMT -5
Those LODs still holding in AMZN & AAPL, but XLF has yet to test support (~1/2% lower yest) and IWM looking bad - which has been the leader as of late. But of those two, I'd bet on AMZN in the near term. AAPL could be building a small H&S here, with a RS peak ~94.00. Until over that, hard to bet on it.
Can only hope for a gap down and bullish reversal tomorrow at this point.
OT, looks like MSFT is putting in a top today (and I'd stay away from INTC as a long as well).
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Post by huh on Jul 17, 2014 14:27:49 GMT -5
Wow VIX up over 30%! VIX scams doing well, but not nearly as well as you'd expect relative to spot. ...but I'd be surprised if indices weren't green by EOD... And I win the booby prize for the day/week. Back to my hole for a bit.
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Post by huh on Jul 17, 2014 14:44:45 GMT -5
Well, SPX finally broke the less than 1% moves streak. Is it now safe to assume that the IWM 07/01 high was actually a head test? novie08 Did you ever figure out what would qualify as a "nominal low"? Are we even close?
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