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Post by huh on Nov 25, 2014 11:36:39 GMT -5
Intraday bear flag targets: SPX ~2063.50 XLF 24.21 IWM 117.30's Have to see what it does then (IF they even hit). Personally I think the market could use a little to SPX 2020's, but pullbacks haven't been too popular lately, have they?
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Post by Herceg on Nov 25, 2014 11:36:44 GMT -5
DANG and P taking it on the chin......I don't believe either will be around in the future............ JMO and BOL................. I'd be worried about holding any Chinese tech companies here. If/when DANG loses 10.30's, downside target is <5.00. As for P, <17.50=7.75. I agree neither looks appealing long term, however the MM's can make it very painful for individuals in the ST due to price manipulation.......... JMO and BOL.......
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Post by Herceg on Nov 25, 2014 11:38:04 GMT -5
Intraday bear flag targets: SPX ~2063.50 XLF 24.21 IWM 117.30's Have to see what it does then. Personally I think the market could use a little to SPX 2020's, but pullbacks haven't been too popular lately, have they? They just seem to continue to propel this higher and higher.............bad news = flat and anything else makes it go up............. JMO and BOL...........
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Post by huh on Nov 25, 2014 11:54:00 GMT -5
Intraday bear flag targets: SPX ~2063.50 XLF 24.21 IWM 117.30's Have to see what it does then. Personally I think the market could use a little to SPX 2020's, but pullbacks haven't been too popular lately, have they? They just seem to continue to propel this higher and higher.............bad news = flat and anything else makes it go up............. JMO and BOL........... Yeah, but we expected that all along. Even before the pullback happened. And actually, up days have more often come on the back of bad news versus good - for example, GDP was positive today. Markets red. Japan announces stimulus and Europe hints at it, China drops rates (all of which are bullish for the dollar, bearish equities) and the markets were green for each of those.
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Post by huh on Nov 25, 2014 13:36:26 GMT -5
Seeing potential in banks (JPM, C, BAC, GS) for as much as 10-20% upside from here.
(That should get them to pullback some! LOL - but the potential really is there)
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Post by huh on Nov 25, 2014 20:18:34 GMT -5
Intraday bear flag targets: SPX ~2063.50 XLF 24.21 IWM 117.30's Have to see what it does then (IF they even hit). Personally I think the market could use a little to SPX 2020's, but pullbacks haven't been too popular lately, have they? Oh come on, Mr. Market. Only 20 cents lower in IWM, 6 cents in XLF and about 1 buck in SPX? You couldn't even give that much? I stated before not to short this market until VIX was ~10. Guess I should have also included not even making calls for pullbacks!
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Post by crumbdon on Nov 25, 2014 20:59:14 GMT -5
VIX or not, can't help but notice the 10-year just keeps creeping up along WITH the rise in the indices. Over 127 now. Starting to feel a little Octoberish......
Just sayin'
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Post by huh on Nov 25, 2014 21:25:04 GMT -5
I have to keep reminding myself that this isn't truly parabolic - even though it feels that way. This last 2 year rise in NDX is only about as steep as the '97/'98 rise was. It got much steeper the next two years, '99/'00.
SPX however is as steep as it was during that whole tech rally. So unless banks got something huge in store, I still plan on shorting at the semi-parabolic upside targets. (and by huge for banks, I don't mean only 15-20% moves - it would have to be triple digit %'s - and I can't see that happening)
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Post by huh on Nov 25, 2014 21:32:55 GMT -5
You know what I find really strange though? I'm not hearing/reading anyone making upside target calls for S&P. None. Only the ones I made (which is a wide range without the other targets, I know).
That's really unusual. Used to be there was always calls with specific targets. Even when S&P surpassed the previous all-time high of 1560's. But since that October pullback, none.
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Post by maxi on Nov 25, 2014 21:35:09 GMT -5
You know what I find really strange though? I'm not hearing/reading anyone making upside target calls for S&P. None. Only the ones I made (which is a wide range without the other targets, I know). That's really unusual. Used to be there was always calls with specific targets. Even when S&P surpassed the previous all-time high of 1560's. But since that October pullback, none. www.businessinsider.com/oppenheimer-2015-sp-500-outllook-2014-11
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Post by huh on Nov 25, 2014 21:35:29 GMT -5
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Post by maxi on Nov 25, 2014 21:36:35 GMT -5
or this guy .... lol 2350
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Post by huh on Nov 25, 2014 21:36:42 GMT -5
You know what I find really strange though? I'm not hearing/reading anyone making upside target calls for S&P. None. Only the ones I made (which is a wide range without the other targets, I know). That's really unusual. Used to be there was always calls with specific targets. Even when S&P surpassed the previous all-time high of 1560's. But since that October pullback, none. link..and I was just about to add "but I don't watch or read much news, mostly STwits, so perhaps I'm missing it." LOL Link didn't work for me BTW
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Post by crumbdon on Nov 25, 2014 21:38:08 GMT -5
From carlfutia.blogspot.com
December S&P E-mini Futures: Today’s range estimate is 2068-2078. The next reaction will probably be 45-50 points. But it will probably begin from the 2090 target instead of from Friday’s high as I had thought.
QQQ: Support is at 99.50 and the next step up should carry to 107.00
TNX (ten year note yield): I think that a move to and above the 3.00% level is underway.
Euro-US Dollar: The ECB quantitative easing program coupled with the Fed’s termination of its own program is likely to drop to Euro to 118-120.
Dollar-Yen: The dollar-yen is headed for 120.
January Crude: I think the longer term trend in oil prices is downward and should carry the market down to 70 or below.
December Gold: Gold is headed below 1100 with 1040 my initial downside target and 850 a longer term target. Resistance above the market is 1200-10.
December Silver: My bear market target remains 13.00.
Google: GOOGL is headed for 650. Support is at 520.
Apple: There is no reason for thinking the bull market is over. Next stop is 125. Support stands at 96.
Facebook: Upside target is 90. Support is 72.
Twitter: Upside target is 66. Support is at 40.
Alibaba: Next upside target is 130. Support is at 108-110.
Visa: Visa is headed up to 270.
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Post by crumbdon on Nov 25, 2014 21:40:06 GMT -5
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Post by maxi on Nov 25, 2014 21:40:32 GMT -5
Tepper and a lot of the other famous hedgefunderettes are freaking dinosaurs. Time for money to find new smarter places to invest. Not the same ole same ole crap. "Returning money to investors is something big name hedge funds have done from time to time when they see fewer opportunities to put the money to work"
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Post by maxi on Nov 25, 2014 21:42:46 GMT -5
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Post by maxi on Nov 25, 2014 21:50:27 GMT -5
omg i just found this. can't wait for the right time to use it...
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Post by huh on Nov 25, 2014 22:27:47 GMT -5
Good info, guys. Thanks.
I'm seeing things very similar to what Futia's seeing.
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