15 replies to this topic

[SemiBizz]

Hot tub turning into frog soup...

 

[opinionated]

Heard you on TFNN this morning Tom,

[SemiBizz]

How did I do? 

 

5113 Confluence Support underneath on the Nastrash...

 

RUT under the 1208-1213 hot zone.

 

SOXX will consolidate "old high" at 751

 

Getting interesting...

[opinionated]

You did fantastic!

 

Must say I am very shocked by this pullback,  And especially the weakness in RUT...  I expected the strength to last into Wends. to finish window dressing.  Yes interesting indeed... Many ST/IT indicators are in their buy zone from all the sideways action.  We are although on the edge here looking over the cliff.  Does she jump off or not?  Tuff call for me anyways...

 

Best

[SemiBizz]

I guess you missed Larry's tip he gave from Gann Global...

 

60 Year Gann Turn due today... 8/2/2016...

 

[opinionated]

Sigh,  Nope or did not understand

[Iblayz]

And, the highs for the SPX are NOT yet in.

[tommyt]

"60 Year Gann Turn due today... 8/2/2016..."

 

We have entered the seasonal period of higher volatility for the next 8-10 weeks...ST technicals supporting it. I don't know what you are really looking for but it sounds pretty juicy to me, overall I think you are too bearish Semi.

[SemiBizz]

overall I think you are too bearish

 

 

Oh?

 

Today's SPX Forecast:

 

SPX SMALL GAP DOWN ON STRONGER VOLUME - DOWN DAY - SPX gapped down slightly but was unable to bounce to close the gap and then it fell sharply to a low of 2147, but managed to bounce into the close at  2157 or DOWN almost 14 points.  The damage could have been worse.  We expect some continuation of the bounce as we consolidate this first move down off this sideways pattern here before we head lower.  Short term now as we have said - SPX must close under the "old high of 2134" to prove it's got the juice to push even lower.  So again we have the Jobs Mystery on Friday and it would be premature to assume anything as we are still within proximity to the new all time high at 2178. 

 

 

 

All I did  here was pass along an observation and gave the source. 

[SemiBizz]

Now here is BEARISH... Bill Gross this morning - He is a very smart man.

 

 

http://finance.yahoo...-115838853.html

 

 

Bill Gross favors real assets, wary of stocks and bonds

 

NEW YORK (Reuters) - Investors should cut risk by placing money in real assets and accept lower returns, given that markets no longer offer double-digit gains in a zero interest-rate environment, said Bill Gross, a portfolio manager at Janus Capital Group Inc (JNS.N).

 

"Negative returns and principal losses in many asset categories are increasingly possible unless nominal growth rates reach acceptable levels," Gross said in his latest Investment Outlook note published Wednesday.

"I don’t like bonds; I don’t like most stocks; I don’t like private equity. Real assets such as land, gold, and tangible plant and equipment at a discount are favored asset categories."

Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund, said capitalism cannot function efficiently at zero-bound rates.

He reiterated that low interest rates may raise asset prices, but they destroy savings- and liability-based business models in the process.

"Banks, insurance companies, pension funds and Mom and Pop on Main Street are stripped of their ability to pay for future debts and retirement benefits," he said. "Central banks seem oblivious to this dark side of low interest rates. If maintained for too long, the real economy itself is affected as expected income fails to materialize and investment spending stagnates."