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Tuesday, July 14, 2009

07/14/2009 After Bell Quick Summary

I have to leave earlier today so cannot wait until all data being collected. As far as I can see, very short-term is very overbought plus seasonality wise the following several days are not so “bull friendly”, so I see good chance a pullback tomorrow.

Intraday model from www.sentimentrader.com:

IntradayModel

Seasonality from www.sentimentrader.com:

Seasonality

6 comments:

  1. Except that INTC and YUM are blowing away expectations, so I guess we're back to buying the dips rather than fading the bounce.

    Head & Shoulders pattern is breaking down. Even though S&P 810-825 would've been healthy for bulls and bears, we not likely going to see it.

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  2. VIX is oversold on the daily ENV10 chart. Another sign SPX will pullback?

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  3. S&P is forming 2 RS which was missing. I think we S&P rally to 912 or worse case scenario 915 before the pullback starts...

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  4. VIX env 10 does not have edge recently if you are looking for short term. bollinger band 10,20,0 may have more edge and it is not oversold yet.

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  5. Why does aFei say "thx. ding" everyday. That is ridiculous. Is he a trading idiot?

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