I am expecting more downside. We might have a bounce here today. Let us not get adventurous. I will be waiting to get long. Will have a week-end post later this evening. Cheers!
I got out of UPRO just before I went on vacation (29/4) with a small loss (as expected really). Got into SPXU today at 32 and could have made 10% intraday if i were a swing trader, but I`m not So I`ll keep this until the Greece problems are secured. Found out my broker don`t support stops on US orders (biggest broker in Norway, but setting myself up somewhere else), so I couldn`t enter SPXU before vacation. I`ll probably be a regular investics. Getting checks on my theories are very important.
<b>Market View for Week 03.May.2010 to 07.May.2010</b> One of the statistics I like to compute is as follows: <ul> <li>I monitor the top 3000 stocks by liquidity( not market cap) <li>On a daily basis I calculate the number of the stocks from the above set that closed above the 40EMA. </ul> Here are the numbers for this past week: <b>Fri, 07.May: 11%</b> <b>Thu, 06.May: 18%</b> <b>Wed, 05.May: 39%</b> <b>Tue, 04.May: 50%</b> <b>Mon, 03.May: 72%</b> I am beginning to feel very bullish here. These are some of the lowest numbers I have seen since I have been computing these stats. We also witnessed the two largest volumes days in the last two days over 52 weeks. I estimate close to <b>$300 Billion</b> to have exited the market in the last four trading days. We need to see selling exhaustion and buyers stepping in to go long. I usually make my decision in the last 15 minutes of trading. For example I chose not to go long today as the markets closed in the bottom half of its daily trading range. Have a Fantastic week-end! I have a nice picnic planned out. .
================= INVESTs; Well, i like to consider %% & %%%,as you hint, & age/much data, & volume/liquidity, so QQQQ,SPY,; USO... are good. DIA is a good trend measure,but maybe not top trender..... Wisdom is profitable to direct
================= INVESTs; Well, i like to consider %% & %%%,as you hint, & age/much data, & volume/liquidity, so QQQQ,SPY,; USO... are good. DIA is a good trend measure,but maybe not top trender..... Wisdom is profitable to direct [/QUOTE] ############################################ Hard to understand what you mean
Happy Sunday! Please make a post, we need 12 more posts to be the thread with the <b>HIGHEST</b> number of replies. The time is always NOW! Your post could be a question, I promise to answer. Cheers!
###################################### You are welcome. Let's talk about the indicators for the various EFTs and their underlyings, distinguishing between daily and intra day timeframes. A vital point imho. Not necessarily a Sunday question.