Morning Corner 9.15.11

HSKAX (weekly info)
new low 14.88
trend=down
low= 14.88
rev= 15.03; mid= 14.96


The Quants are underperforming…everything. It's now lower than 2006 prices. It's below all SMA's (obviously). It's below its 0.0% retrace and still making new lows. Danger Will Robinson! Danger!



GS (weekly info)
new low 102.25
trend=down
low= 102.25
rev= 111.76; mid= 107.01


GS weekly chart is appearing to have found a temporary bottom as its making a bullish engulfing pattern. Still needs confirmation. It's below all SMA's. It's clawing its way back to its 0.0% retrace.

16 comments:

ben22 said...

Elizabeth Warren running for Senate, where if she win she'll be totally marginalized again....

anyway, AAPL to $420?

Anonymous said...

McB,

good mention..

that, the Senate seat, strikes me as the Quid Pro Quo for being a 'good girl'--about that "Consumer Protection Agency"-thing/thingy..

not that that Scott Walker-dude didn't turn out to be, another, card-carrying d*****-bag of ***** Quo...

but, there, in (D)-ville, *****chusetts, I think he's "one wrong Tweet", fabricated, or otherwise, from being a One-Termer..

AAIP

Anonymous said...

re AAPL

http://www.finviz.com/quote.ashx?t=AAPL&ty=c&ta=0&p=m

look at the Angle on that Chart!

here..
http://www.finviz.com/quote.ashx?t=AAPL&ty=c&ta=0&p=d

still, looks 'Bullish', though, seems, near-term, a touch 'extended'...

~420? could happen, though, maybe, not by the day after Tomorrow.. :)

ibid.

ben22 said...

AAIP,

yep, petty much the way I see it too

she talks a good game, and I do think she means well, but therein lies the problem
as for aapl, based on a lot of chart work I had been doing I targeted $420 toward the end of this year which will create cycle and fibo relationships in the stock since inception

I am looking for a big drop after that but you know, you don't just go shorting apple....

AmenRa said...

ben22

I think your "420" is getting passed around the NYSE trading floor.

ben22 said...

they're all smoking it Ra

ben22 said...

sampson gets me lifted!

AmenRa said...

:-)

Andy T said...

I went to a Federal Academy for my college days...

No drinking on campus...10% female population on the Academy....

Last night I was at concert in a "college town"...

San Marcos, TX.

I missed out on a great deal in my "college days"

AmenRa said...

Time to retest the highs (for no f'in reason)...

Andy T said...

S&P500 = Bear Meat Grinder

Anonymous said...

http://www.finviz.com/quote.ashx?t=NFLX

~175

oops~

ibid.

Anonymous said...

AT,

that's funny..yesterday, I was going to 'remind' you to "Get Wet 'n Wild" while in San Marcos..

glad to hear that it hasn't changed (that much..)

One would reckon that that place has to be riddled with Ponds, no? (given "the Beaver density, in that neck o' the Woods" ..)

AAIP

AAIP

AmenRa said...

My 50% fibo retrace is 1204.?? and the market still hasn't broken through. Can't let the algos figure out I'm talking about their failure.

ben22 said...

"One would reckon that that place has to be riddled with Ponds, no? (given "the Beaver density, in that neck o' the Woods" .."

oh, fantastic word usage there

that deserves thumbs up

AmenRa said...

Bah humbug. I need a drink.

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