IBM, GE, CAT say more about the economy than GS GS shuffle paper, and steal on the High Frequency trading desks.. I wouldnt be surprises if GS is ignored ! AAPL about to crack...and thats 20% of COMPQ
You guys who are expecting doom and gloom, tomorrow will be your deathbed. There is lot of long inventory holding. I have come to warn you, as I do every time I post. Shorts have been warned!
A closer look at the pattern.. http://chart.ly/k9g8xb jax88 facts are facts.. IBM sales were hurt by the high $USD... APPL and GS are not the bell weathers of USA economy.. Of course 1100 SP500 will decide the debate !
You're welcome! This is all long inventory building, you haven't seen the end of it yet. Watch as shorts get pummeled beyond 1100 in ES.
Someone sprinkled a little rally dust on the markets today, I guess with IBM, GS and TXN all down it made for a better market, im sure if AAPL beats and jumps $20 AH that the market will be a quick sell by tomorrow morning.
Highly doubt it, the current supply and demand in ES favors the long side. Sure some companies might create a sell response, but in the end we will be back to 1120s in no time.
Ben doesnt even like the economy ( I guess hes is being brave as he knows Obama will be less powerful after Nov 2010) The 100 EMA is been a bitch for the BULLS.. Today sell off after Bens talk is more BEAR confirmation. AAPL didnt do much... Getting the trend yet ! Subject to 1100 been broken !