YM (weekly info)new high 12760.00
trend=up
high= 12760.00
rev= 12311.00; mid= 12535.50
Dow futures opened strong but finished weak today. After hours showing some weakness also. This week is already forming a bearish thrusting (continuation) but could quickly develop into a dark cloud cover or bearish engulfing if goldilocks gets eaten (by the big bad wolf who is the bears primo).
IWM/SPY (weekly info)-no change (above mid)
trend=no
direction=up (1 bar)
high= 0.6344
rev= 0.6010; mid= 0.6177
This substitute for liquidity is indicating that it's drying up. This week is already forming a bearish engulfing. It's also looking to test its SMA(21). The MACD has crossed below zero. Williams %R is still heading down but is not indicating oversold. Rising wedge breakout direction has to be decided soon.
29 comments:
02-May-11 05:05PM MAJESTIC CAPITAL, LTD. Files SEC form 8-K, Bankruptcy or Receivership EDGAR Online -26.09%
04:41PM InPlay: Majestic Capital confirms commencement of chapter 11 bankruptcy proceedings Briefing.com
04:36PM Majestic Capital Announces Commencement of Chapter 11 Bankruptcy Proceedings Business Wire
http://finviz.com/quote.ashx?t=MAJC
now ~ 0.17
that one was easy to See coming..
AAIP
AAIP
Did they insure properties in the southern states?
AmenRa,
from their Site:
Majestic Capital, Ltd. is a specialty provider of workers' compensation insurance products. Through its subsidiaries, Majestic Capital offers workers' compensation insurance coverage, reinsurance, and fee-based management services for self-insured entities. The Company seeks to provide quality products and services that fit the needs of its insureds and clients and is dedicated to developing and maintaining a mutually beneficial, long-term relationship with them. The Company's workers' compensation insurance coverage is offered to employers in California, New York, New Jersey, Arizona, Nevada, and other states. The Company's reinsurance is underwritten from Bermuda, and the fee-based management services are provided to self-insured entities in California.
http://www.crmholdingsltd.com/
the 'See' part was more 'from the Chart', esp. after that major drop..
ibid.
AAIP
Also after that gap higher it couldn't make any additional gains.
Hi Ho Silver hanging on by a thread. that 42 level does look important.
Isn't the Treasury stopping SLGS a way to threaten the states aka senators/representatives. Geithner trying to play hard ball with Congress over the debt ceiling.
http://www.ritholtz.com/blog/2011/05/amazons-price-war-69%C2%A2-mp3s/
The ol' Amazon price war with iPhone....
Yeah....I'm sure Apple will prosper though...
SJ=JC
Apple will prosper once they release the humancentiPad.
I spy a rising wedge on WTI Crude oil Daily chart.
If the next apple product fails, I'd see success with WWSJD bracelets
now in white!
now in white!
Yeah... CV says "eff" that PURPLE TAX thingy on this blog I read over the weekend (which was just a glorified VAT tax)...
I say... Go with the "white" tax...
Anyone who owns a WHITE fone (or AAPL product) ought to get put in the 100% tax bracket immediately!
Well, the kind of people that buy the Apple products are younger, cooler and party more often. They're altruistic and care more deeply about their common man.
So, yeah, 80-100% tax sounds about right....
DXY getting 'slapped' down into the 72's again...
I'm guessing THE KIND OF PEOPLE who buy Apple products these days are foreigners who are well on their way to getting it FREE...
When DXY hits 70, I'm going to flip on the TV to see if any parties break out, and people are hanging from lampposts on the White House lawn because Obama & the bernank succeeded in KILLING the dollar & burying it at sea...
Silver unbelievable. Where's the power?
I like apples, everyone should have at least one tree in their yard, and, one a day keeps the doc away!
Minor 18's almost saying SPX just about to roll over...
1368
...1359
1350
1332
1314
Major 18's 1375 almost touched... close enough? for a short down then resume sometime later this or next week?
BR went all in when? Next Major 18 is 1456, like way up there.
@qqqq18
The market is superstitious... Flash Crash was May 6th of last year... I'm not expecting any heavy buying ahead of that date getting behind everyone...
Just saying...
Oh & Do you like apples?
http://www.youtube.com/watch?v=sf0OFZexRGs
Man. I'm bummed on Silver. I need to see one more blast higher to get rid of the rest of my junk....
Would be really sweet if $42 could hold....There's actually a daily trendline from late Jan the comes in around $41, so there's a zone of hope just below for Silver bulls....
Otherwise, I guess I'll just have to be content with watching it trade back to $21/oz.
Silver violating its SMA(21)
AT,
I bot $44 calls today for month of May on SLV, I plan to unload quickly
I also plan on putting a little cash on some OTM puts (long) for $21, maybe September....if they expire worthless so be it, but we both know what ultimately happens to charts like that.
B22, charts like what?... this? ...are not bubbles round?
QQQQ's perfectly part of the new normal, nothing to see there.
one could only be interested in the fact that the head and shoulders has clearly stalled prior to 1375 which was the 3% neckline break area and there is major negative momentum divergence all over the place.
Maybe we'll go back up there but if we throwback all the way to the neckline that will often dampen the return provided by the H&S.
Reading a lot it would seem tons of people jumped the gun on this one, it's very similar but in reverse to the 2009 H&S.
I've got a feeling that Big Head Barry gets smoked on that 90% Long only call. I hope for his clients sake he does ok...
Even if things get clobbered, we'll find out after the fact that he had owned some short ETFs or something.
He's just too good....
re: the Shiny..
http://finviz.com/futures_charts.ashx?t=SI&p=w1
why U$D ~21? wouldn't U$D ~30 be a 'better' spot?
~10 + ~50 = ~60 .. /2 = ~30 (???)
AAIP
The shiny one went parabolic at 20-21 when it busted out of a big triangle. Markets have a powerful tendency of returning back to the point it launched.
Though, there is definitely a layer of support a 30 for sure.....
AT,
I hear ya..
Gracias~!
ibid.
Somebody call CSI to investigate what's happening to silver. Silver will need a therapist if it survives this attack by the gang of TBTF.
Round number protection program emergency start has been activated.
Amazing how well Gold has done with it's little bro' Silver losing his shit. Guess it's obvious now where the 'hot' retail money was located.
We are short the long bond.
Squeeze concluded, too many bond bulls all of a sudden.
Nobody expects stronger jobs data or a rally by BUCKY.
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