Watching this video you can almost here Jeff Immelt yelling "Go To Commercial !"
http://zerohedge.blogspot.com/2009/06/cnbc-this-market-continues-to-be.html
Tuesday, June 30, 2009
Friday, June 26, 2009
Friday, June 12, 2009
DIA today June 12 -- Flatline Friday (for now !)
Ridiculous flatline around 87.80 since about 10 am.
Notice the support right there.
Also, look at support at 87.67.
S1 tested early at 87.43. PP 88.23.
Last hour ? 1/2 hour ? 5 minutes ? will be where all the action is today.
Wednesday, June 10, 2009
Tuesday, June 9, 2009
SPG -- June 9
SPG - being supported at 50 MA on intraday chart (green line around 53.45).
Needs to break below for further downside.
Friday, June 5, 2009
SPG -- short opportunity to 51 or lower ?
SPG like many REITs has been a good, volatile trading vehicle.
Looking at Daily and Weekly charts, daily seems to suggest failure at 200 MA, with a downside target of 51.58 the 20 MA.
The Weekly 50 MA at $61 + seems out of reach; the 5 MA at 51.26 had been touched every week since early March, but not this week. I think maybe next week we will see SPG at least re-test that area. The 20 MA at 42.82 seems out of reach for now as well.
Conclusion: A test of the low 50's; upper 40's seems likely, particularly if we get any sort of pullback in the market.
DIA -- End of Day review & comment
Recall that earlier we were looking for possible breakdown below 87.95 - see A - around noon.
Well, it took almost all day, but maybe - just maybe, we got it at the close - see B - with a close just below several trendlines at 87.89; and after hours sitting at 87.70.
We'll see what Monday Brings .... F U Stick !! LOL.
DIA .... watch the chart for breakdown ... or not
Watching to see break below 88.00 - 87.95 with some volume
Thursday, June 4, 2009
DIA - 3 pm update
Just look at this chart to see how ridiculous the Dow has been this week.
Will this roll over today ? Or will the jam it into the close ?
Watch what happens here at 87.42
AMZN update ....
Will AMZN break up or down from green trend line (85.04) ?
If down, should go to next line (84.46) support.
Wednesday, June 3, 2009
DIA & AMZN today - "Stick Save" ? or Manipulation ?
An all too uncommon occurrence in the markets these past few months has been violent, end of day, pump action of the major indexes and specific stocks. Typically without any market moving news.
Witness AMZN (post 3:30 pm)
and DIA (also post 3:30 pm).
Some refer to this violent action as a "stick save". Others call it "manipulation".
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