Live Update

Thursday, June 11, 2009

06/11/2009 After Bell Quick Summary

Because CPCE < 0.56, plus several other factors which will be detailed in tonight’s report, so I see good chance a down day tomorrow. Also a gap up tomorrow morning, if any, will be the 9th unfilled gaps on the SPY chart and the 4th day in a row that SPY opens with a gap up.

Today is also called a "mis-direction day" which means that whichever way the Thursday during the week prior to expiration closes, expiration week itself will close the other way. Well, we’ll see.

6 comments:

  1. Cobra, I was looking at the NYSE McClellan chart and you would see that Market is about the change the TREND. Hopefully it's coming soon.

    ReplyDelete
  2. Nice charts cobra, thanks.

    ReplyDelete
  3. Question about your comment......."Today is also called a "mis-direction day" which means that whichever way the Thursday during the week prior to expiration closes, expiration week itself will close the other way. Well, we’ll see."

    Since market closed in green today, next week would be red?

    Thanks for all you do!

    ReplyDelete
  4. Yes, statistically, high chances of closing in red next week.

    ReplyDelete
  5. McClellan oscillator can't even break above the 0 line these past few days even with a new rally high reached today. In a downtrends, rallies are repelled at the 0 line. Also very little volatility in the adv-decl. ratios lately. If this continues to persist, then it would trigger Peter Eliades' sign of the bear.
    Mr. Panic of 1907/2009 (I post some on stockstop.org)

    ReplyDelete

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.