Daily Market Analysis RQ Cross Box -Quant Report The Quant Report delivers vital quantitative analysis by combining extensive fundamental, technical and statistical analysis of historical data and anticipated future trends across most asset classes. Each market class is carefully evaluated from multiple vantage points in order to assess its attractiveness and future prospects Financials : S&P 500 4 Green Bullish Metals : GOLD -5 RED Bearish FOREX: EURUSD -4 RED Bearish EURUSD GnosLEVELS: R2: 1.3033 R1b: 1.3010 R1: 1.3002 âââââââââ- Bull Break: 1.2966 Bear Break: 1.2959 âââââââââ- S1: 1.2939 S1b: 1.2931 S2: 1.2891 Quant Ranking: -4 RED Bearish
Significant gap up in spy. es continues to march foward but has yet to break the overnight high, just a few points away though. Looking at a daily chart the move looks like a head fake to me, but resistance is a paltry spx 1295 and 1307. This move could easily keep advancing. However, 9 trading days ago spx was at 1200, and the market is should be overextended here. This gap should fill sooner rather than later as it has happened after a large move.
So what this post is saying is the last trading day of the year you were recommending shorting equities approaching the close of trading. Then while the US markets were closed you saw the European markets going up so you reversed your call the first trading day of the new year. Now reality. Anyone trading off your recommendation lost a ton of money on their short that you clearly recommended here. Perhaps you could show some character and apologize to any poor soul who went off your recommendation and shorted the markets. Its the least you could do for them. Or you could just continue being a total fraud flip flopping your calls daily ( sometimes hourly ), holding no accountability for your actions, and claim victories the 20% of the time you are actually right.
Did you notice how repetitive this clown Grand_Stupor_Cycle is ? He was wrong again in a major way at end of year, issued no cancel on the short, then put up a long call after European markets went way up. In order to deflect attention from his ineptitude, he started insulting people again. Same old same old. I think he's right on the SPX around 20% of the time, but even worse the constant over trading after the fact probably makes the trading results much worse. Not that I think anyone trades off this guy, I sincerely doubt he trades at all.
SP500 rallied as expected but it's now overbought due to the usual short covering. http://stockmarket618.wordpress.com
SP500 intra day reverts to bearish. Gold and Silver also. Reminder that SP500 monthly chart continues to give bearish warnings and USDX monthly chart continues to give bullish warnings. This big picture outlook will not change.
Until the next time you post 10 minutes from now. I have an idea, why don't you post weather reports as well? You know, something like "Bears in control in Florida as temperature goes below freezing for the first time this year. Low was 29 degrees, but should rise throughout the day. Trolls confused." or something like that. This way we can get something useful out of your posts, and you'd mostly be right (about temperatures rising during the day).