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Post by huh on Oct 27, 2014 13:59:29 GMT -5
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Post by crumbdon on Oct 27, 2014 14:41:27 GMT -5
Good read from The Fat Pitch, here's an excerpt: "Serious weakness following the Fed meeting Wednesday would therefore seem to be a favorable long entry into the election. Serious strength past the election, without any prior weakness, is likely to be an opportunity to sell. Mid-term election years tend to be weak into mid-November (yellow). Then comes the probable Christmas ramp into year-end." He goes into good detail of the current state of the market. Read his stuff lately, and he provides good food for thought. The rest here: fat-pitch.blogspot.com/2014/10/weekly-market-summary_25.html?m=1A little long, but very educational IMOHO.
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Post by clinton on Oct 27, 2014 14:43:16 GMT -5
Notable earnings after Monday’s close Oct 26 2014, 17:35 ET | By: Jignesh Mehta, SA News Editor Contact this editor with comments or a news tip ADVS, AGNC, AHGP, ALSN, AMGN, AMKR, ANAD, ARLP, AVB, BOH, BWLD, CGNX, CLF, CMP, CR, CROX, DCO, DDR, DENN, FBP, FOE, GGP, HIG, HLS, IDTI, IPHS, KN, LMNX, MAS, MERU, MRH, MSTR, MTW, OHI, OMI, PCL, PMCS, PRE, RGA, RGC, SANM, SYA, TWTR, UHS, XL
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Post by crumbdon on Oct 27, 2014 14:50:35 GMT -5
Wow, just read that and thought I sounded like a paid pumper. Sorry, that was not my intent.
(Now, if I post anything from "The Fat Kickback", be suspicious.... )
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Post by huh on Oct 27, 2014 15:00:38 GMT -5
XLF upside target ~23.18/23.19 should that support hold. Over 23.07 confirms. Sorry, XLF upside target actually 23.15/23.16. Support now 23.07. XLF missed hitting the intraday iH&S upside target 23.15/23.16, but got really, really close earlier, then again at the close. It has been forming a small rising wedge above the gap up made on 10/23. Which in 'Fed speak' means it'll likely go parabolic soon.
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Post by novie08 on Oct 27, 2014 15:01:46 GMT -5
Bought a LITTLE jdst due to Fed meeting on Wed. but may add now that I think about it...elections should mean lower PMs too. Also could never mistake you for a shill Crumbdon.
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Post by PoorHomey on Oct 27, 2014 15:10:59 GMT -5
I went long 15 gallons of gasoline @ $2.56.
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Post by huh on Oct 27, 2014 15:16:36 GMT -5
XLE confirmed the large bear flag...5x's!, but then did hold support into the close. RSX confirmed bearish...at least 3x's!, then again at the close. EWZ confirmed bearish...4x's!, then popped to a dead cat bounce FIB late in the day, then fell into the close (confirming bearish again). IWM took all day to fill the opening gap, finally doing so right at the close. GPRO confirmed a bearish continuation pattern...at least 4x's!, then again at the close.
So what does all this mean?
Nothing really, except that this market is a joke!
And we're FINALLY going to hear the punchline soon. (I'm pretty sure I already know it...and it ain't funny!)
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Post by walnut on Oct 27, 2014 15:37:09 GMT -5
I went long 15 gallons of gasoline @ $2.56. That's cheaper than here in Tulsa. Ours around 2.79 at the lowest end.
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Post by PoorHomey on Oct 27, 2014 15:40:25 GMT -5
XLE confirmed the large bear flag...5x's!, but then did hold support into the close. RSX confirmed bearish...at least 3x's!, then again at the close. EWZ confirmed bearish...4x's!, then popped to a dead cat bounce FIB late in the day, then fell into the close (confirming bearish again). IWM took all day to fill the opening gap, finally doing so right at the close. GPRO confirmed a bearish continuation pattern...at least 4x's!, then again at the close. So what does all this mean? Nothing really, except that this market is a joke! And we're FINALLY going to hear the punchline soon. ( I'm pretty sure I already know it...and it ain't funny!) This is my XLE cheat sheet - sorted by market cap.Lots of bear flagginess.
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Post by sloop on Oct 27, 2014 22:50:49 GMT -5
I went long 15 gallons of gasoline @ $2.56. still 3.40 here in Idaho WTF!!
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