tag:blogger.com,1999:blog-11789233.post44604810931882341..comments2023-11-02T03:53:15.874-07:00Comments on The Slope of Hope.....with Tim Knight: Oil Slips, Market BlipsTim Knighthttp://www.blogger.com/profile/02142044637710306701noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-11789233.post-80777250828602471172006-08-31T14:19:00.000-07:002006-08-31T14:19:00.000-07:00Yeah, I definitely missed the bounce for silver ju...Yeah, I definitely missed the bounce for silver just under $12, unfortunately. But I did try to play the breakout above $12.50, so we'll see what happens. If the breakout fails, at least I can look to accumulate more at the channel support.<br /><br />I have no other positions pending. I literally have no clue as to which way the wind will blow. There are plenty of overbought candidates for short positions, but with the market acting the way it has been, I have absolutely ZERO confidence that a selloff will pick up steam. Every little down tick has been bought heavily by the bulls. So, even if you could manage 1-2% on a short position in this market, you better cash in your chips, because it's just as likely to reverse and go green on the day.<br /><br />I think Sanjay said he was going to start buying the dips. Well, I'm not sure I'm quite at that point just yet. September SHOULD be a horrible month; a bad time to start buying dips, I would think.<br /><br />But then again, who knows. They could turn on the liquidity faucets again next week and push this market to new highs. It really all depends on what "They" want to do. If they don't want the markets to crash, then they won't crash. Simple as that.<br /><br />Frankly, I'm still not 100% confident in my SLV position, either. Knowing that "They" want to show that inflation is slowing, then they could really put some significant downward pressure on commodities. I guess we'll have to see what happens.<br /><br />-TonyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-75987521165124588232006-08-31T14:03:00.000-07:002006-08-31T14:03:00.000-07:00re: SLV
The time to buy was Tuesday when it bounc...re: SLV<br /><br />The time to buy was Tuesday when it bounced off the 50 DEMA. No position.<br /><br />re: Bonds (TLT)<br />Hulbert and Ritzholz both calling the long trade crowded. Saw an article in Financial Times about a shift to bonds by fund managers. When they talk their position, it's time to leave (for me). Closed all the bond longs. Wouldn't short since there's maybe 3 pts downside showing on the daily. <br /><br />Tomorrow. Hmmm? I'm guessing the report will be bullish to neutral, meaning some job growth but not so much as to stoke inflation (at least what the story will be). Question is whether enough traders will be left on the floor by 11 AM to make any kind of market. If there is a huge rally, might put some shorts on. Note that Russell 2000 finally reversed today, positive piece for the bears.<br /><br />re:OIH<br /><br />Closed the short yesterday. Looks like it's showing a hammer (as in hammer out a low). Looking for a rally back to the 50 DEMA around 140.50 or the top of the 20 day Bollinger Band around 143. That will be the place to put a short position back on again. <br /><br />bsi87bsi87https://www.blogger.com/profile/09488756959358456600noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-47390219500710447792006-08-31T12:31:00.000-07:002006-08-31T12:31:00.000-07:00bottom line is MARKET IS GOING UP
CATCH IT IF YOU...bottom line is MARKET IS GOING UP<br /><br />CATCH IT IF YOU CANAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-37762596991640051582006-08-31T12:20:00.000-07:002006-08-31T12:20:00.000-07:00BTW, why the hell do I get the distinct impression...BTW, why the hell do I get the distinct impression that the numbers will be "bad, but in a GOOD way" tomorrow???<br /><br />In other words, horrible numbers will suddenly spark another 100-point up day in the Dow futures tomorrow morning?<br /><br />I get the sense that the bears are accumulating short positions up here in the stratosphere, but will get squeezed out tomorrow for whatever reason the bulls see fit.<br /><br />Anyways, I'm once again totally flat on the market. Long SLV only. Will enjoy watching tomorrow from the sidelines.<br /><br />-TonyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-84419228197509873572006-08-31T12:00:00.000-07:002006-08-31T12:00:00.000-07:00I wouldn't call it a cup and handle. It's more of...I wouldn't call it a cup and handle. It's more of a straight breakout past the $24 resistance level.<br /><br />Already at $24.75. Could go a lot higher. I just bought SLV on the breakout, but maybe I should have looked into SSRI, as it moves a lot faster.<br /><br />Thanks for the heads up.<br /><br />-TonyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-52292943830180069992006-08-31T11:57:00.000-07:002006-08-31T11:57:00.000-07:00WTFFFFFFFF
ANOTHER BORING DAY, ANOTHER UP DAY OF ...WTFFFFFFFF<br /><br />ANOTHER BORING DAY, ANOTHER UP DAY OF COURSE. Just want to know whats going to happen when the volume returns and we start getting those big intraday moves.<br /><br />I hope we get a late day selloff.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-77831837293228974282006-08-31T11:06:00.000-07:002006-08-31T11:06:00.000-07:00Is anyone watching silver? It totally broke out t...Is anyone watching silver? It totally broke out today past resistance at $12.50.<br /><br />I'm considering buying 1/2 a position now before it takes off tomorrow.<br /><br />Is anyone else seeing what I'm seeing?<br /><br />-TonyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-3681805480935351712006-08-31T11:00:00.000-07:002006-08-31T11:00:00.000-07:00Sanjay, what did you buy?Sanjay, what did you buy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-84436761524665337442006-08-31T09:32:00.000-07:002006-08-31T09:32:00.000-07:00On 8/28 my Small Cap Swing Indicator truncated the...On 8/28 my Small Cap Swing Indicator truncated the SHORT signal and moved to a LONG signal.<br /><br />Here are the recent values of the current LONG signal.<br /><br />. . . . . .Small<br />. . . . . . Cap . . . .Russell<br />. . . . . .Swing . . . 2000<br />Date . . . Ind . . . .% Chg<br /><br />08/28 . . +05 . . . +1.1%<br />08/29 . . +23 . . . +1.2%<br />08/30 . . +39 . . . +0.8%<br />08/31 . . +49 . . . +0.1% . . . Intraday @ 12:00 noon EDT)<br /><br />Normal target for LONG: . . +65 to +75<br />Normal target for SHORT. . -65 to -75 <br /><br />With the previous SHORT signal being truncated this LONG signal will likely be truncated as well, possibly somewhere in the +50’s.<br /><br />Personally, I don't trust this LONG signal and am VERY reluctant to go LONG. I'm waiting until September 5th or 6th before I change any positions.smallswingerhttps://www.blogger.com/profile/06398079359910279329noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-33061375883097057852006-08-31T09:15:00.000-07:002006-08-31T09:15:00.000-07:00Market waiting for bernanke to speak.
Then it w...Market waiting for bernanke to speak. <br /><br />Then it will most likely move higher, why wouldnt it.<br /><br />PaulAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-87802451317872768992006-08-31T08:54:00.000-07:002006-08-31T08:54:00.000-07:00CSCO trading hundreds of thousands of shares at $2...CSCO trading hundreds of thousands of shares at $21.99-$22.00 <br /><br />TOTALLLLLLY STUCK at that price. Im bullish on CSCO think it goes to 23-24<br /><br />Trader 2006Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-25079647651312335212006-08-31T08:13:00.000-07:002006-08-31T08:13:00.000-07:00CSCO knocking on 22!!!CSCO knocking on 22!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-59178113002130219002006-08-31T08:04:00.000-07:002006-08-31T08:04:00.000-07:00trader II --- perhaps you could tell me where you...trader II --- perhaps you could tell me where you see those 'other' gaps?<br /><br />Thanks<br /><br />Trader FredAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-86282751507994684012006-08-31T07:56:00.000-07:002006-08-31T07:56:00.000-07:00tomorrow we get job figures.
If there in line sa...tomorrow we get job figures. <br /><br />If there in line say within 15,000-20,000 of the consensus then the markets will most likely have no problem moving higher.<br /><br />However if we get 50,000 more or less than the consensus you can expect a selloff.<br /><br />Trader 2006Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-6662659410270864022006-08-31T07:20:00.000-07:002006-08-31T07:20:00.000-07:00Trader 2006: Why does that surprise you? That's ...Trader 2006: Why does that surprise you? That's what's been happening for the last month.<br /><br />Every little down tick gets bought. Every single one. The daily range on the Dow has dropped to virtually zero. This is the tightest trading range that I've seen for many months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-7184686845927236312006-08-31T07:05:00.000-07:002006-08-31T07:05:00.000-07:00Market looked like it was going to start turning d...Market looked like it was going to start turning down than turns around and trades at intraday highs. <br /><br /><br />HAHAHAH<br /><br />Trader 2006Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-82397582555086501302006-08-31T06:49:00.000-07:002006-08-31T06:49:00.000-07:00There's more than a gap at 1290. We have gaps eve...There's more than a gap at 1290. We have gaps every where from the last run.<br /><br />the trader IIAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-89828625907994242312006-08-31T06:46:00.000-07:002006-08-31T06:46:00.000-07:004yr bull run without a 10% correction hmmmmm.
Sai...4yr bull run without a 10% correction hmmmmm.<br /><br />Said if we get past sept/oct without a problem the market should put in a big year end rally. When I hear 99% of the people on CNBC talk about year end rallies its time to sell!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-73134137059211552532006-08-31T06:40:00.000-07:002006-08-31T06:40:00.000-07:00You know why JApan was up last night,
Industrial...You know why JApan was up last night, <br /><br />Industrial production dropped a seasonally adjusted 0.9% in July from a record a month earlier and against expectations of an 0.8% increase. <br /><br />The data increased expectations Japan's central bank won't increase interest rates again this year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-22362727632904825602006-08-31T06:35:00.000-07:002006-08-31T06:35:00.000-07:00another pathetic day ahead of us. Consumer spendi...another pathetic day ahead of us. Consumer spending up and savings rate in the US still low. Come on, how long can this Fuc$#@g LAST. <br /><br />Some guy on the floor said that when the volume comes back and all the big money managers are back from vacation he said the markets should remain bullish into the end of the year expecting a big 4th qu rally. HA<br /><br />Looks like its getting bad for bears. I think next time I see a huge decline in the markets Ill go long every stock knowing its going to climb back up because no matter what these markets only move up.<br /><br />By the way Iran said they wont back down an inch....I guess as bearish as it sounds the markets will still close higher today.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-20363882517913255432006-08-31T06:27:00.000-07:002006-08-31T06:27:00.000-07:00re:SAFT
IBD pick. buy limit 50.93.
ATR is 1.53....re:SAFT<br /><br />IBD pick. buy limit 50.93. <br /><br />ATR is 1.53. 5-6 pts upside.<br /><br />Do your own homework.bsi87https://www.blogger.com/profile/09488756959358456600noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-90656352175170997362006-08-31T06:24:00.000-07:002006-08-31T06:24:00.000-07:00re:bonds
Gotta look at them today. Probably close...re:bonds<br /><br />Gotta look at them today. Probably close my long positions and look to re-enter on a pullback. <br /><br />re:gld<br /><br />See what happens today. <br /><br />Ditto PCU and PBR.bsi87https://www.blogger.com/profile/09488756959358456600noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-6972722410790202382006-08-31T05:41:00.000-07:002006-08-31T05:41:00.000-07:00Well, there go the futures. Up yet again. I'm gu...Well, there go the futures. Up yet again. I'm guessing today will be another pretty big day. Will probably close above 11,400 on the Dow and 1310 on the S&P.<br /><br />Interesting stuff.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-40634088553862626352006-08-31T05:39:00.000-07:002006-08-31T05:39:00.000-07:00there is a gap at 1290 that the SPY's have to fill...there is a gap at 1290 that the SPY's have to fill.<br /><br />Trader FredAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-20644936485002383392006-08-31T04:09:00.000-07:002006-08-31T04:09:00.000-07:00Speaking from far away Brazil, and yes.........I a...Speaking from far away Brazil, and yes.........I agree the market is slowly turning bearish especially not that the Iran situation is likely to heat up.<br />But if i can be of any help, buy RIO & PBR adr's, as i have just finished a study on them and they should go up in the near term.Anonymousnoreply@blogger.com