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S&P Futures Break 50DMA
With AAPL sat just above its 100DMA, unable to hold gains this morning, the S&P 500 futures have just broken below their 50DMA for the first time since July 25th. The Bernanke-Spike has gone and now the Draghi-Dagger comes into focus... as financial earnings fail to spark another hope-driven rally. From the day before Draghi's spike, the VWAP (volume-weighted average price) for S&P 500 futures is 1444.5 - so on average in aggregate buyers are now losers.
S&P 500 futures are trading at the 50DMA for the first time since 7/25...
Long-Term
Medium-Term - ES has pushed down to a lower trend line...
and Short-term - As Bernanke's knee-jerk has been dismissed - leaving Draghi's dream-spike left...
With AAPL seeing what looks like institutional selling pressure - given the VWAP orders - and not just short-selling neophytes as some might suggest...
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Don't forget to buy the dip in Silver!
Good idea, but I'm waiting for a bigger dip.
+32, but 33.45 has been recent support.
Say it ain't so, Joe.
Er no, not that Joe.
Now where's that hockey stick for today's save?
Fuu said: "$32.78-$33.50 and $1691.95-$1727.57 sounds like hopium."
Slaugterer said: "They were $26 and $1550 just a few weeks ago. "
Nice call on the 3-5%, in Silver at least.
Buy the dip, more QE, buy low sell high, be greedy, fuck other peoples money, get out first, buy the roumor sell the news, buy ratings downgrades, buy weakness, sell strenght, 4 year cycle....huh...it's been 4 years...hummmm
They'll (the Bastards) push it up near VWAP for the close.
Trading platform in the top chart?
We can't be having that. I thought Ben was buying TFD? Where has the PPT been? Yucking it up with joking Joe Biden?
i wonder if he is buying and this is the best he can do today
I don't know..it could be although I would think we would need heavier volume to overwhelm him.
Bullish for Brimstone
What the hell is going on with gold this week Sir Tyler?
At some point, it's going to de-couple from all this mess....
+++ $17,516
That little double top looks similar to last year right before the downgrade and ensuing roller coaster ride. One can hope, right?
Im looking forward to another FarceBerg/FacePlant post. Free Falling bitchez...under $10 by Christmas
Read more: http://www.businessinsider.com/facebook-lockup-release-2012-8#ixzz296mHrpbD
Wow, that's a LOT of insiders to try to take care of, and that are worrying about "their" stash of FB dough. The stock's gotta move down as you say. How will they spin it the Faceplant in their annual statement - 'no where to go but up?!' Kind of sounds like the team Obammy spin on the economy!
Primary dealers that are selling their MBS junk to Ben are just usign their profits to buy more MBS junk to sell to him later, in an infinite circle. They are not buying AAPL et. al. Ben's wealth effect is not possible in this round of QE. Need to wait for the next one, sorry.
stawks flat metals hammered. another good day in the books.
Primary dealers are going to buy Treasuries with the MBS purchase money offloaded from the fed, not further MBS's. The fed is using the PD's as a way to wash the treasury market and maintain lower rates, aka next round of can kicking.
S&P Updated:
http://blog.quantsig.net/2012/10/12/sp-5/
10 Year:
http://blog.quantsig.net/2012/10/12/10-year/
So who will win, Obama pushing it up, or Romney's friends pushing it all down?
This can't happen! This can't happen! The Fed! WTF! It can never go down again! How is this possible! Central planning always works! I was told to BTFD! This can't happen! Rumpelsteltskin!
Quick Joe, more smiles!
But, but consumer confidence is at an all time high!
yep, funny when you consider mutual fund outflows (see: "consumers") just had a record drop.
There should be continued selling through the end of the year to lock in at lower capital gains tax that will expire with fiscal cliff. Can anyone with TA experience chime in on S&P support levels? One guy I follow says S&P 1260 is in the cards soon.
10 IPOs coming to the market soon.
How's that for 'all time worst timing'? Is there an award for that other than a Darwin award?
The thesis remains bullish.
An ultra fast tradingplatform, my finger on the trigger.... break or bounce, I will make money either way.
Zynga was the short for 2012.
What is the next?
I use the 43.657-day and 92.25-day double-exponential reciprocal harmonic moving averages myself, but only when Venus is in conjunction with Uranus, and there has to be a double-schlong candle formation to confirm the trade.
OK
we're doomed
the bears are out and they will eat you!!!!!
The SP500 daily closed below channel support today.
http://bullandbearmash.com/chart/today-week/
Could be the start of the big turn down. A weekly chart will show bigger picture.