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Wednesday, November 12, 2008
8:30am Earnings Before the Open: ACM, FLY, CSIQ, DSX, DPS, GMCR, HQS, IGLD, JASO, M, TYPE, NSSC, NICE, ORCT, SMA, NGLS, TRI
10:35am Crude Oil/Gasoline/Distillate Inventories
11:00am Fed’s Kohn speaks on financial services in Luxembourg
1:00pm Treasury’s ten-year note auction
1:00pm Fed’s Stern speaks in Minneapolis
2:00pm Treasury’s TSLF auction
3:00pm Treasury’s TSLF announcement
4:00pm Earnings After the Close: [...]
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Dear StockTock Community,
I wanted to inform everyone about some changes in my career and its affect on StockTock. Starting tomorrow, I will begin working on a trading related business venture that will take my time away from the Intraday Commentary and Daily Videos. I want to be clear that StockTock will continue to be a [...]
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In the last few days, there have been a lot of reasons for the bottom to fall out of this market. Yet, it hasn’t happened. Today, with the slightest bit of inconsequential news on mortgage refinancing, the market went from -250 to -10 in less than 40 minutes. SPY held a trendline support at 885. [...]
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First, let’s look at a comparison chart of the EUR/USD versus the S&P. As you can see, there is a strong correlation. This means that as the euro weakens against the US dollar, the S&P weakens.
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Here is my S&P outlook over the next few weeks. I have also included an alternate scenario. Feedback welcomed.
I expect the market to continue trading in a consolidation pattern (a large pennant or triangle) for a number of weeks before breaking to the downside. I have included my Elliot Wave count in this chart, but [...]
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It was impressive that on Friday markets shrugged off extremely dire news on employment and “I am on death-bed” notice from GM. Of course, in the previous two days markets got sold off more than 10%. I see Friday as possible short-covering.
October job losses 240,000, yeah right!
I find it very interesting that September employment numbers [...]
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Stay tuned for today’s analysis.
4:00pm
ES 10m: Bounce into the close on a surge in volume. But still a light volume day overall.
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This post by DanEric40 has been promoted from the StockTock Social.
1) VIX chart shows us breaking the wave 3 of 3 channel. That means we are working on wave 4 of 3 channel. I had a big main point that the VIX shows sentiment changes and thus wave changes. VIX shows we are working on [...]
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This post by BMF1024 has been promoted from StockTock Social.
EWT is a tricky business. Its rules help us to determine where we are in a larger trend and where that trend is likely to find support for a reversal. It’s very subjective - as is the entire market. If everyone knew where we were [...]
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