5 replies to this topic

[maineman]

Perusing the comments here it seems to come down to this: The market will be volatile after the Fed. Many appear to be "nervously" long and willing to let this drift/slam down to the low 1400 level, nearly 20 SPX points lower than where we are right now. But many appear to think that will be "it" and up we go, to recapture 1440, in short order. Not too many think all of this will be a "non-event". Not too many think we'll collapse and crumble below that 1404 level. Is that how everyone sees it? mm

[dcengr]

There's a surprising number of people expecting 5-10% correction, at least from the talking heads on CNBC.

[hiker]

the market is in a trading range. in reality no one knows what is going to happen next. probabilities is all a trader can hope for. anyone who says they know the future is deceiving themself, and anyone who falls for that hype is a fool. I may be leveraging long on DOW weekly close above 12,660 and NYA weekly close above 9,250..until then it is my trading practices as usual. I am short very few positions right now. Q's have not even closed below 43.29... plenty to trade here among leading % gainers or % losers (scan of rising trenders, most of which are near the 52-week high) - note rally failure so far for KRON at 2-year d/t line gainers Name Symbol Last price Change Mkt cap Volume Open High Low P/E Kronos Incorporated KRON 36.40 +2.40 (7.06%) 1.15B 670,540.00 37.17 37.50 35.69 28.22 Air France - KLM (ADR) AKH 45.17 +2.72 (6.41%) 12.17B 22,700.00 44.95 45.21 44.90 11.52 SAVVIS, Inc. SVVS 44.38 +2.23 (5.29%) 2.28B 391,351.00 43.24 44.45 42.65 -3.25 Arrhythmia Research Technology... HRT 30.09 +1.49 (5.21%) 80.29M 34,800.00 28.80 30.15 28.57 39.59 ClickSoftware Technologies Ltd. CKSW 3.95 +0.16 (4.22%) 109.61M 404,897.00 3.97 3.98 3.86 197.50 Loral Space & Communications... LORL 48.78 +1.91 (4.08%) 975.60M 55,650.00 47.23 48.95 47.10 N/A RBC Bearings Incorporated ROLL 30.84 +1.20 (4.05%) 636.28M 27,279.00 29.92 31.18 29.92 22.67 China Mobile Ltd. (ADR) CHL 47.91 +1.86 (4.04%) 190.53B 528,200.00 47.30 47.93 47.20 25.48 Qiao Xing Universal Telephone... XING 17.21 +0.63 (3.80%) 408.56M 1.03M 16.90 17.42 16.75 11.36 Flamel Technologies S.A. (ADR) FLML 35.96 +1.26 (3.63%) 856.34M 293,213.00 34.69 36.01 34.63 -23.50 Zimmer Holdings, Inc. ZMH 82.98 +2.85 (3.56%) 19.80B 2.29M 82.05 83.90 81.65 26.01 RTI International Metals RTI 78.50 +2.70 (3.56%) 1.79B 294,500.00 76.70 78.79 75.49 29.85 LJ International, Inc. JADE 7.08 +0.23 (3.36%) 133.99M 525,583.00 6.90 7.20 6.86 26.22 First Solar, Inc. FSLR 32.16 +1.02 (3.28%) 2.23B 245,323.00 31.10 32.38 30.86 -146.19 Yanzhou Coal Mining Co. (ADR) YZC 47.27 +1.37 (2.98%) 4.65B 52,200.00 46.68 47.32 46.51 13.02 PICO Holdings, Inc. PICO 41.52 +1.20 (2.98%) 659.36M 41,030.00 40.84 41.77 40.61 20.76 Cogent Communications Group... CCOI 21.49 +0.59 (2.82%) 1.05B 143,495.00 20.99 21.64 20.87 -15.24 Steel Dynamics, Inc. STLD 39.80 +1.05 (2.71%) 3.66B 1.13M 39.14 39.93 38.80 10.56 Dollar Financial Corp. DLLR 31.10 +0.80 (2.64%) 730.03M 211,507.00 30.34 31.50 30.34 84.06 People's Bank PBCT 45.80 +1.17 (2.62%) 6.51B 1.42M 44.77 47.91 44.77 52.64 Synopsys, Inc. SNPS 26.85 +0.66 (2.52%) 3.87B 318,715.00 26.31 26.88 26.29 157.94 Semicond Manufacturing Int'l... SMI 7.82 +0.19 (2.49%) 2.88B 32,500.00 7.83 7.88 7.78 -23.00 Crocs, Inc. CROX 52.50 +1.27 (2.48%) 2.05B 746,469.00 51.73 53.00 51.49 42.68 Potash Corp./Saskatchewan (USA) POT 158.27 +3.56 (2.30%) 16.49B 919,800.00 155.99 159.72 154.68 26.60 iShares FTSE/Xinhua China 25... FXI 105.87 +2.27 (2.19%) 4.12B 632,100.00 105.26 105.87 105.05 1.35 EZCORP, Inc. EZPW 16.77 +0.36 (2.19%) 728.74M 278,549.00 16.35 16.86 16.35 24.30 losers - Name Symbol Last price Change Mkt cap Volume Open High Low P/E Angeion Corporation ANGN 14.50 -1.53 (-9.54%) 52.64M 308,469.00 16.50 17.00 14.01 35.37 Jones Soda Co. ( USA ) JSDA 14.31 -0.50 (-3.38%) 363.67M 614,455.00 14.59 14.66 13.85 110.07 China Eastern Airlines Corp... CEA 29.11 -0.95 (-3.16%) 1.42B 15,600.00 30.05 30.05 28.55 -23.47 Chicago Mercantile Exchange... CME 557.73 -18.12 (-3.15%) 19.42B 900,700.00 555.00 564.80 547.46 243.55 CBOT Holdings, Inc. BOT 165.95 -5.08 (-2.97%) 8.77B 193,100.00 N/A N/A N/A 60.34 Jones Apparel Group, Inc. JNY 33.73 -1.00 (-2.88%) 3.72B 699,400.00 34.75 35.04 33.67 21.48 The Knot, Inc. KNOT 30.87 -0.88 (-2.77%) 956.53M 269,447.00 31.97 32.04 30.85 79.15 The9 Limited (ADR) NCTY 36.69 -1.01 (-2.67%) 900.13M 106,927.00 38.02 38.30 36.68 26.40 Beijing Med-Pharm Corporation BJGP 9.21 -0.25 (-2.63%) 213.44M 131,587.00 9.56 9.75 9.21 -29.72 C-COR Incorporated CCBL 13.44 -0.36 (-2.61%) 648.17M 335,164.00 13.71 13.83 13.43 -23.58 Transcend Services, Inc. TRCR 7.20 -0.19 (-2.57%) 56.46M 64,866.00 7.35 7.35 7.02 37.89 Thermage, Inc. THRM 9.26 -0.24 (-2.53%) 210.71M 10,353.00 9.50 9.64 9.25 N/A Chindex International, Inc. CHDX 24.40 -0.60 (-2.40%) 166.42M 41,112.00 25.00 25.00 24.07 305.00 ISIS Pharmaceuticals, Inc. ISIS 10.53 -0.24 (-2.23%) 799.30M 282,806.00 10.77 10.80 10.51 -20.65 Activision, Inc. ATVI 16.90 -0.38 (-2.20%) 4.74B 2.02M 17.33 17.35 16.81 211.25 MEMC Electronic Materials, Inc. WFR 52.70 -1.13 (-2.10%) 11.72B 1.65M 52.85 53.50 52.53 32.73 CF Industries Holdings, Inc. CF 30.84 -0.64 (-2.03%) 1.70B 285,600.00 31.57 31.75 30.69 -50.56 Minrad International, Inc. BUF 5.43 -0.11 (-1.99%) 226.28M 11,200.00 5.54 5.59 5.34 -36.20 Shaw Communications Inc. (USA) SJR 35.40 -0.66 (-1.83%) 7.62B 72,200.00 36.06 36.14 35.28 16.94 Focus Media Holding Limited... FMCN 83.38 -1.48 (-1.74%) 4.45B 418,141.00 83.50 84.00 82.75 79.41 Owens & Minor, Inc. OMI 33.21 -0.58 (-1.72%) 1.33B 251,100.00 33.61 33.86 33.04 23.39 Shanda Interactive Entertainment... SNDA 22.50 -0.39 (-1.71%) 1.60B 114,888.00 22.90 23.08 22.42 80.35 Internet Gold Golden Lines Ltd. IGLD 12.71 -0.21 (-1.63%) 234.26M 34,079.00 12.87 12.87 12.70 52.96 Bank of Ireland (ADR) IRE 90.06 -1.36 (-1.49%) 21.39B 6,700.00 90.16 90.30 89.84 13.77 Kraft Foods Inc. KFT 34.68 -0.49 (-1.39%) 57.01B 1.51M 35.05 35.09 34.42 18.06 MGM MIRAGE MGM 68.12 -0.95 (-1.38%) 19.15B 566,300.00 69.01 69.02 67.71 36.43 The TriZetto Group, Inc. TZIX 20.39 -0.27 (-1.31%) 881.97M 223,684.00 20.71 20.71 20.34 67.97 AMVESCAP PLC (ADR) AVZ 23.74 -0.30 (-1.25%) 9.87B 78,800.00 23.84 23.92 23.69 32.97 Brookfield Asset Management Inc... BAM 48.91 -0.61 (-1.23%) 18.94B 94,200.00 N/A N/A N/A 28.77 Nordstrom, Inc. JWN 53.77 -0.67 (-1.23%) 13.82B 655,500.00 54.85 54.95 53.69 22.88 Blockbuster Inc. BBI 6.46 -0.08 (-1.22%) 1.23B 666,000.00 6.54 6.56 6.46 23.07 ------------- banks, brokers, insurers and exchanges within 3.5% of their 52-week high - I have likely missed some names in this scan, especially within the insurers ANZ AXA BCS BMA CIT CS DB - new high today DLLR - new high today JPM LNC MA MET NCC NFS PBCT - new high today PRU SF STD UBS WFC

Edited by hiker, 30 January 2007 - 11:26 AM.

[SemiBizz]

This action is good for the pharma group. Ya figger a healthy does of tagamet, schizo pills and Nitro are being consumed today by the traders. They probably just mix it into their favorite cocktail. Then just break out the 15 second charts and they are all set for trading. I closed my QID trade yesterday and am flat here....

[qqqqtrdr]

I'm currently up in the air on whether we break down or up on the trading range of the indicies. My formula shows we will likely break lower due to the high OEX put/call ratio ( 10-day MA ) and the OEX put/call interest. EW Counts are generally pointing to a lower base to rise from ( bullish scenario ). Best Regards, barry

[Caduceus]

No one knows which direction the market will take. I can't comment on CNBS. But, I agree with mainman's assessment of the general consensus HERE. (Maybe a small correction but nothing to worry about before new highs.) To me the sentiment on the board seems to be the opposite of the night of April 28th 2005. I am not fading anyone, my own system has me short (tech, midcaps, and semi's) from Jan 18th at the close. I don't see any reason to cover at this point. If we see the highs again on NDX and volume improves I will likely cover and possibly go long. Good trading, C