Mayday's Account Talk

[mayday]

Looking for S&P 1020 could penetrate below. Lets see what happens before noon.

 

[Show-me]

The negative divergence is worrisome.

 

[mayday]

Good manufacturing numbers causing the dollar to drop. Might jump to I fund.

http://quotes.ino.com/chart/?s=NYBOT_DX&v=d3

 

[mayday]

Good manufacturing numbers causing the dollar to drop. Might jump to I fund.

http://quotes.ino.com/chart/?s=NYBOT_DX&v=d3

Whats really got me spooked is that our market moving ahead is based on a weak dollar.

 

[mayday]

Leaping in the fire. First IFT of the month 100% I Fund.

 

[mayday]

Bought in I fund at 17.9044

 

[mayday]

We will see what will happen at 2:15pm thats when the fireworks will start.

 

[mayday]

We will see what will happen at 2:15pm thats when the fireworks will start.

The fed always shakes things up.

 

[mayday]

Everything now depends on the employment numbers.

 

[mayday]

To make this market take off depends on the employment numbers today and tomorrow.

 

[mayday]

Gold rally

http://tinyurl.com/yce7lhc

 

[mayday]

Dollar rally ends

http://tinyurl.com/yhekb5g

 

[Uptrend]

Dollar rally ends

That is a real short term view. The rally ain't over. It has not even started IMO. I think the huge bullish falling wedge on the dollar /DX futures chart favors upside, but it appears the lower trendline of the wedge will be tested again. That is near 75. Some of these retests can go on longer than one can stay sane. I am thinking after this little equities counter trend rally is over, the dollar will take off to the upside. That could be as soon as next week. The market likes surprises.

 

[mayday]

That is a real short term view. The rally ain't over. It has not even started IMO. I think the huge bullish falling wedge on the dollar /DX futures chart favors upside, but it appears the lower trendline of the wedge will be tested again. That is near 75. Some of these retests can go on longer than one can stay sane. I am thinking after this little equities counter trend rally is over, the dollar will take off to the upside. That could be as soon as next week. The market likes surprises.

We do have a bit of wiggle room to the downside.

http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax

 

[Birchtree]

From a historical stand point every time the dollar has been at the 80 level it's been bullish for equities. The yield on 10 year government bonds is 3.52%, while prospective yield on blue chips over the next year is 3.8%. This is only the third time this has happened since 1945 and each time it marked the beginning of a great bull market. Ponder that for a moment.

 

[mayday]

8:30am Employment numbers. This is a market mover.

http://online.barrons.com/public/page/barrons_econoday.html

 

[mayday]

Were the employment numbers any surprise? The traders seem to have known and priced this bit of info into the market.

 

[fedgolfer]

transports on the verge of a breakout after being in a gap up sideways flage since the BRK-A BNH deal. Now, if financials can break out of its pattern we'll have a humdinger of a day... kinda wouldn't mind if it tanked though and put in a decisive multi day double bottom... that may be more definitive long term and get more shorts leaning the wrong way.

 

[mayday]

transports on the verge of a breakout after being in a gap up sideways flage since the BRK-A BNH deal. Now, if financials can break out of its pattern we'll have a humdinger of a day... kinda wouldn't mind if it tanked though and put in a decisive multi day double bottom... that may be more definitive long term and get more shorts leaning the wrong way.

If the market does go down the I fund will catch up. I'm sitting tite anywho.

 

[mayday]

It was a stellar day for the I fund and I was in 100%

Overseas markets are pushing higher tonight.

As long as the dollar stays low we should see another uptick.