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Weekly Chartology
The weekly chartology segment from David Kostin focuses on the end of the earning season, now that 89% of companies have reported and observes what most know: that analyst estimate gaming is on like Donkey Kong: "52% of companies beat estimates by at least 1 standard deviation." Guess what that means: that the perpetually wrong cadre of analysts will now have to raise estimate going into H2 and 2011, just in time for all the economists to piggyback on Goldman's moment of bearish epiphany and cut their own economic growth projections to the mid 1% range. The clash between macro and micro has never been greater, and yes - it is all courtesy of taxpayer "mediated" deleveraging. For every dollar beat in the private sector, are many public sector dollars that will not only hinder future US economic growth (think of it as the opportunity cost of giving CEOs better cash out levels), but will certainly never be paid back.
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Why waste time reading some extensive report produced by no less than 4 analysts, all for making six figures, with fancy graphs and portfolio allocations cooked up by a million dollar software program.
All you need is to look at these.
Like I said....
It's "Do or Die" for the market right here:
Newbie: Robo, is the 150 ema better than the 200 ema? Thanks. PD
155MA. That is what Goldman Sacks uses. lol.
RobotTrader,
Over from another story...COH correlates very nicely with the oil index.....so, guess who the 'bag' holders are?.....;>) They got the memo...
robo HI, remember me?
do you still live in california with your mother, and have a girlfriend you bought
Y O G A clothes?
LOL. My doctor prescribes me 6mg a day of Xanax. She says she doesn't know how I function and I told her with all the shit I'm forced to deal with in the markets every day, this has kept me from jumping out my office window.
SHe gave me 5 refills and a huge. ; )
My vote is on 'Die'. Doesn't have to be monday, but I think this week is the slapdown on the indexes.
Waiting with baited breath on the asia and european open tonight.
Third Q earnings will be up against 3rdQ 2009 earnings where corporate profits were inflated when they laid off every extra body they could in the first half of 2009. I can't wait to see the YoY comparisons as the PE ratios rise when the Earnings start to fall short of prior year. Good luck holding those bags pension funds
It's not a ponzi scheme, it's a check kiting scheme. you explain why "mr Bond Vigilante" is acting like the kitty in Dr. Evil's lap.
If you keep setting the bar too low, MEANS you must set it too high? I'm not sure I buy that.
Friday the 13th is the date, 1040 is the number. Confluence of fibo's both price and time, pattern, and, it's Friday the 13th. You have to short it just on principle.
knowing how to handle the pivot points is an important element of trading.
i think you need to find a picture that can capture the essence and value of
pivot points.
The S&P has held its 18 and 200 DMA. Why not stay long until the S&P breaks below those levels and make some money off of Uncle Ben?
I'll bite - you're correct that would be a good strategy in normal markets. I think personally that we're treading on vapor, so the correction wouldn't give you a chance to position yourself in time - at least not near the levels we are currently trading.
I could also be horrifically wrong - but there it is.
DOW and SP500 weekly charts update :
http://stockmarket618.wordpress.com