Bing, q4wer, gannman, gman, Google, cp1, dabillue, bighouse1006, leverage4, xe2dy, saltlake, kaiser soze, diogenes227, Alexa, jacek, SemiBizz, Waver, LaCuenta, atom9, pdx5, TradeMark, toro2, bear_cub, Bernie
Listen to Mark S. Young's Interview on MarketView
From the link:
The Nasdaq Composite had less of a pull back than the SPX but still marked at today’s close four days down in a row. Four days down is often the time for another surge up, and often times during this bull market it is the time the bounce become a rally with an attempt at new highs. In addition, short-term breadth turned up again, taking long-term breadth with it, both very positive signs and they have a lot of room to move up (see the SPY/Market chart below).
In other words, I’m expecting the market to shoot up Friday.
But…as Trader Vic Sperandeo has fondly said: “If the market doesn’t do what it’s expected to do, it will do the opposite twice as much.” So day traders be nimble, swing traders tighten stops, and investors watch your asses — this is not a spot you want to be blindly holding if expectations go awry.
For more and the charts:
From the link:
Been two weeks since it was suggested the bellwether-stocks bounce would be sure to happen with the general market's current up swing and the group has been led by BIDU up 13.5%, NFLX up 10.4%, TSLA up 9.6%, and both AMZN and FSLR north of 8%. The laggards have been TWTR, BID, and FB.
All twelve of the stocks in the basket are in the black on this swing trade.
For more and an easy comparison between the charts then and the charts now:
......fu@@@@g market.....luckily there's the Winter Olympics otherwise I would be sleeping
Yesterday was outstanding
go go go go ......Goggia from Berghem (Bergamo)
the whole NORTH and I repeat it NORTH of italy.....supporting our athletes at the Olympics
If the markers can find support between 2690 and 2700 and make a new high today then I will go long, big time.
Also, will go long tomorrow if market trades above today's high.
There has been fairly good support yesterday and today but the markets must rally off that support zone to entice more buyers or fresh money.