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Those SPX Highs are gonna be tested (part 2)


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#1 SemiBizz

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Posted 28 March 2013 - 08:36 AM

1565.09 Lap Dance Continues... 7 cts away...
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#2 opinionated

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Posted 28 March 2013 - 08:40 AM

Not trading but looking for a base here with final topping process to continue next week as high as 1580 Just my two cents Tom, Best O

#3 PrintFaster

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Posted 28 March 2013 - 08:45 AM

Eventually those highs are going to be tested and blown through to the upside. After that, there will be no overhead resistance. And the economy will soon embark on the greatest boom in recent history, thanks to a 1.86% 10-yr. yields, low commodity prices, and an accomodating and masterful fed. We should all be happy since the markets are now telling us of a glorious period of prosperity lies right in front of us.

#4 PrintFaster

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Posted 28 March 2013 - 08:48 AM

The Dow Dividend Dog ETF is up 13% this year

And it still pays a yield of 4%, compared to 1.86% 10-yr. yield.

Another example how it pays to put your money to work in good quality dividend stocks during periods of financial repression.

#5 PrintFaster

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Posted 28 March 2013 - 09:13 AM

Looks like we will close out the month with he 10-yr. yield below 1.90% That will be the 11th consecutive monthly close under 2%, which is a new all time record since the 1950's. And who would have believed that ES would be over 1550 with rates still so low? And no inflation found anywhere. With plenty of room to print more money and rack up even bigger deficits. Truly, we are witnessing an economic miracle in real time.

#6 SemiBizz

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Posted 28 March 2013 - 09:20 AM

Eventually those highs are going to be tested and blown through to the upside.

After that, there will be no overhead resistance.


You are wrong there...

But very few of us will know how to map it...
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Volume is the only vote that matters... the ultimate sentiment poll.

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#7 SemiBizz

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Posted 28 March 2013 - 09:21 AM

Not trading but looking for a base here with final topping process to continue next week as high as 1580

Just my two cents Tom,

Best O


We're looking for that spike to come today, not Monday.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#8 sluzbenik1

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Posted 28 March 2013 - 09:25 AM

What do you base that assertion on? My take is that if we could not correct this week, we will get a spike that's going to go higher than many think. That will be it though. I'm not sure how long the boyz can keep playing wack-a-mole with the SPX...This is nigh on 3 weeks.

#9 tomterrific14

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Posted 28 March 2013 - 09:31 AM

Looks like we will close out the month with he 10-yr. yield below 1.90%

That will be the 11th consecutive monthly close under 2%, which is a new all time record since the 1950's.

And who would have believed that ES would be over 1550 with rates still so low?

And no inflation found anywhere.

With plenty of room to print more money and rack up even bigger deficits.

Truly, we are witnessing an economic miracle in real time.


http://money.cnn.com...reed/?iid=HP_LN see Junk Bond Demand chart, excessive chasing for yield, as well as in SDY

http://stockcharts.com/h-sc/ui?s=sdy

No overhead resistance when SPX makes new ATH.? Wasnt that also case at the 2007 Top.?

#10 SemiBizz

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Posted 28 March 2013 - 09:32 AM

What do you base that assertion on?


Anticipated conclusion of the lap dance...

:lol:
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics