Thursday, September 29, 2011

Morning Corner 9.29.11

IWM/SPY (weekly info)
new low 0.5716
trend=down
low= 0.5716
rev= 0.5908; mid= 0.5812


The proxy for liquidity has been drying up for the past few weeks. Probably explains the some of the volatility. It had a monthly 3LB reversal down last month. It's confirming it this month. It's below all SMA's. You can also see what happened at the apex of the two trend lines.



SODA (weekly info)
-no change (below mid)
trend=down
low= 34.63
rev= 68.17; mid= 51.44


After the big move lower SODA still can't catch a break. Currently it's in a triangle where the apex is about two weeks from here. It's below all SMA's. It's testing its 50.0% minor retrace.
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25 comments:

  1. cvSeptember 29, 2011 at 8:52 AM

    week 4 NFL picks are posted (early games)...

    http://fantasy-sports-nation.blogspot.com/2011/09/fantasy-sports-nation-2011-nfl-picks_29.html

    ReplyDelete
  2. cvSeptember 29, 2011 at 8:54 AM

    Plus... a 'weeknight' pick (using a method that has worked in specific parameter spots in the past)...

    http://fantasy-sports-nation.blogspot.com/

    ReplyDelete
  3. AmenRaSeptember 29, 2011 at 9:36 AM

    Does anyone really believe Initial Claims? The BLS seems to have gotten the message that HFs need to make their month.

    Don't even get me started on GDP.

    ReplyDelete
  4. Andy TSeptember 29, 2011 at 9:52 AM

    How bout them Devil Rays....

    Love, love, love watching red sox collapse.

    ReplyDelete
  5. AnonymousSeptember 29, 2011 at 10:04 AM

    http://market-ticker.org/akcs-www?post=194889

    "...Now on to Apple. There was a report out yesterday that the firm had cut supplier deliveries by 25% out of Asia. There was a mad analyst scramble during the day to try to refute the damage that was rapidly accumulating in the stock, which was mostly-successful. In my view, this was a fool's errand and you were a nut if you followed people into the stock on that "dip."

    Apple gets a lot of their sales in Europe. But Europe is a train wreck economically. To believe in the forward story and that the production cut is not "real" you have to believe Europe will avoid a Depression. Given what's going on over there, such a belief is an act of pure insanity.

    Oh sure, they might not get the worst of it right now, but this is a forward projection, not a call for a crash in the morning. You also have to believe that the United States will not suffer the knock-on effects and that sales here won't get hurt. And finally, you have to dismiss the fact that HP effectively destroyed pricing power for tablets with their "blowout" of the Touchpad.

    The latter may well be a stake through the heart. HP's "blowout" put the $99 price point in the mind of consumers and that is not going to go away. This sort of "ratchet" mechanism has a well-documented history in America, and once it takes hold it is almost impossible to get rid of. There are already signs that this pricing pressure is eroding the edges of everyone else's tablets, with the first to succumb being RIMM's "Playbook." This will reach Apple and margin collapse is a well-documented phenomena that has a habit of trashing stock valuations...."

    ibid.

    ReplyDelete
  6. AnonymousSeptember 29, 2011 at 10:06 AM

    the Devil Dogs, and the Redbirds, both, Winning, was Great~

    Papelbon, couldn't have happened to a 'nicer' guy..

    the smile on Showalter's face was worthy of the "Kodachrome"..~

    ibid.

    ReplyDelete
  7. AnonymousSeptember 29, 2011 at 10:09 AM

    speaking of EK..

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

    not looking Healthy..
    ~~

    looks like it may be joining..

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

    all, too soon..

    ibid.

    ReplyDelete
  8. spoonmanSeptember 29, 2011 at 10:33 AM

    As a Sox fan(born and raised in Boston), I have to say I'm glad it's over. Let's move on.

    ReplyDelete
  9. ben22September 29, 2011 at 11:06 AM

    I will wait for confirmation on the weekly charts but AAPL came within a few bucks of that top target, I have ideas on where it would go next but there is no trade set up right now, waiting on the weekly chart

    yes, this will be a "slow" signal.....but who's the person that wants to be early on this name

    ReplyDelete
  10. cvSeptember 29, 2011 at 11:19 AM

    I'm rocking with the RAYS as well...

    That TRIPLE PLAY vs. the Yankees yesterday will go down in history... Plus, then Longoria hits the 'walk off' 4 minutes after Paplebon blows it in Camden Yards...

    BWAHAHAHAHAHAHAHAA!!!

    @Andy

    I sent you a TRADE proposal in the Booey League... Look at it...

    ReplyDelete
  11. spoonmanSeptember 29, 2011 at 12:18 PM

    "4 minutes after Paplebon blows it in Camden Yards..."

    Let's not talk about it...

    ReplyDelete
  12. AmenRaSeptember 29, 2011 at 1:08 PM

    C'mon man: http://www.zerohedge.com/news/boycott-bank-america-which-about-institute-5-debit-card-usage-fee
    Boycott Bank Of America Which Is About To Institute A $5 Debit Card Usage Fee

    I know it's not much but YGBFKM.

    ReplyDelete
  13. AmenRaSeptember 29, 2011 at 1:38 PM

    ben22

    The "extended version" falling three method may just get confirmed today on the SPX.

    ReplyDelete
  14. Andy TSeptember 29, 2011 at 2:41 PM

    Oh good...

    Pelosi's kin linked to solar companies...

    http://www.weeklystandard.com/blogs/crony-capitalism-737-million-green-jobs-loan-given-nancy-pelosis-brother-law_594593.html

    ReplyDelete
  15. AmenRaSeptember 29, 2011 at 3:06 PM

    Is it me or do the 5 min candles (SPX) at 1PM & 3PM scream exit stage left? It's like someone is trying to drop hints.

    ReplyDelete
  16. LeftbackSeptember 29, 2011 at 3:30 PM

    I have come over all bearish this week.
    Been selling every rally and even bought some bonds.

    Europe is taking so long to get its act together, the range trade is old.
    People will just take their money home.

    You can't keep knocking on the 1100 door.
    Next time there may not be any buyers.

    Bucky wants to hit 80.

    ReplyDelete
  17. Bucky the Talking CurrencySeptember 29, 2011 at 3:31 PM

    I do.

    I want to f*** the goldbugs in the a**

    ReplyDelete
  18. LeftbackSeptember 29, 2011 at 3:31 PM

    Buck. Keep it clean, will ya?

    Delicate sensibilities. Traders are known for it...

    ReplyDelete
  19. LeftbackSeptember 29, 2011 at 3:32 PM

    I have become a GIGO artist,

    get in get out, stop f***ing about.
    make 2% and run.

    Hell, I will take 1%....

    ReplyDelete
  20. Andy TSeptember 29, 2011 at 3:37 PM

    @LB.

    The S&P 500 will trade sub 1000 sometime in the next several months.

    ReplyDelete
  21. Andy TSeptember 29, 2011 at 3:38 PM

    this one's for Dylan Ratigan who wants to get the money out of politics....

    start with some of the unions....

    can't confirm the authenticity of this list, but...

    http://www.opensecrets.org/orgs/list.php?order=A

    ReplyDelete
  22. AmenRaSeptember 29, 2011 at 3:40 PM

    Ok so what is the f'in rumor this time?

    ReplyDelete
  23. AmenRaSeptember 29, 2011 at 4:11 PM

    http://www.youtube.com/watch?v=QNq9MOc5CBY

    ReplyDelete
  24. AnonymousSeptember 29, 2011 at 4:41 PM

    http://www.finviz.com/futures_charts.ashx?t=SI

    Ye Olde 'Shiny Metal' has been hangin' in there, like a Champ (did have a case of Vapours, though, that took it sub-27, but, astonishingly, was the ~24-minute-Variety)
    ~~

    http://www.finviz.com/futures.ashx

    all in all, the 'MMods have seemed to have, just, 'Corrected'--much like in March..

    "Trends" don't seem to be 'Broken'..

    AAIP

    also, Happy New Year, y'all~

    ReplyDelete
  25. MelSeptember 29, 2011 at 5:12 PM

    President’s illegal uncle giggles in court:

    http://www.bostonherald.com/news/regional/view/2011_0929presidents_illegal_uncle_giggles_in_court/srvc=home&position=2

    A giggling Onyango Obama — the president’s illegal alien half uncle — made a brief appearance in Framingham District Court today on charges he was drunk when he nearly struck an unmarked police cruiser last month.

    When he was arrested by Framingham police on suspicion of drunken driving Aug. 24, he suggested his first call should be to the White House.

    BWAHAHAHAHAHAHAHAHA

    ReplyDelete