I tell you... I'm giving up.....
is that a sign of capitulation?. Just a personal note.... I'm thinking about going full time day trader, Meaning just trade the crap out of the intraday swings....
Quantifiable edges, points out that the mcClellan Oscillator has gone -200 which indicates the distinct near term possiblility of a short term reversal.
STT state street financial is looking to set up a TK infamoous Break out, pull back ,`go!.... but we are in the "Pull back".... it would be good to see the "Go" before making that bet.
I've seen some good signs of some of the regionals that looked like they just were sick of the selling.....
the Euro after that insane move to 1.5568, has rolled over overnight and is now 1.54
But.... with earnings next week the normal pattern is for them to sell off through friday.
Thursday, June 12, 2008
Morning Optimisum report
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5 comments:
morning,
i really don't have any direction for the short term broad market - overall is in downtrend, BUT, we have already down from last Friday, will there any bounce? See the bounce has already captured by the future, Dow is up by 73 now. The VXO is high - better not to participate.(my view)
we will at a minimum get a relief rally into the 11 hour...
Maybe gap fade, then a solid rally, then it will be about the sell off, and how far that correction goes. The osilator I posted says we should get a multi day rally... But will that start today or monday?
also CPI is tomorrow... That is a scarry one...
i like this - also CPI is tomorrow... That is a scarry one...
A solid point that a sell off in the afternoon as most of the trader do not want to hold stock before the CPI released.
Really a good point... :)
this is my dead horse that I've been beating for weeks.
some of the regional banks are priced for armageddon, they have no sucuritized instruments. in a typical home slow down, they trade at 1/2 their all time high... maybe 40%.
The Yields on dividends on some are 9-11% right now.
We will never see these prices ever again, not for Centuries.
They are priced for an armageddon, I'm not seeing.(the money center, and Ibanks, IMHO have yet to hit fair value).
once we see that the earnings of the shitty banks next week, aren't "That bad"... We will get a solid week long pop....
I think....
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