5 replies to this topic

[OEXCHAOS]

The breadth on the Naz as well as cumulative A/D is still looking pretty good. I think I'd avoid shorting the Q's for now.

[denleo]

I agree. I think NASDAQ and QQQQ are set to test February highs as a minimum. Considering SMH action lately, it should provide the necessary fuel. Looking at S&P and the DOW, I see that they are overbought, which may lead to some post expiration adjustments (as Da-Chief would put it). Long QQQQ short SPY as a neutral trade, anyone? Denleo

[Mr Dev]

Not trying to predict more than another day at a time here,... but today

almost sets up a nice trade pattern LWs uses.


I say almost only if yesterday been a clear inside day.


But,.. it is still very very close,... and if you use what was a little change Wednesday and forget Tue.

then look at Monday you do get the pattern with todays action. (and may even look fine on some of the 100 stocks)


This would have him long near the highs of the day,.. or at the close.

Same pattern I've shown before but,,,, I'm going to say never ever shown it on the actual example DATE.

Yes this being the exact week of April.


Enjoy
Look at that move!

Edited by Mr Dev, 19 April 2007 - 05:54 PM.

[arbman]

Interest rate sensitivity of the Nasdaq composite...

Sector % of Index
Comp. Software/Hardware 52.1%
Healthcare 13.6%
Financials 11.0%
Consumer Discretionary 8.5%
Industrials 5.5%
Telecommunications 5.2%
Consumer Staples 1.5%
Materials 1.0%
Energy and Utilities 0.6%
Other 1.1%

I posted this topic awhile back...

I also said many times that I avoid selling the tech, I think the focus should be on the interest rate sensitive issues, the downside surprises are more likely to come from those due to this economy that is coming out of the low interest rate steroids...

- kisa

Edited by kisacik, 19 April 2007 - 05:53 PM.

[Iblayz]

As of the close I have sell signals on the NDX, Nasdaq, SPX, OEX, RUT, NYA, and SPY. DOW is not there yet but is close. QQQ barely avoided it on the close. I just ran the tape on the Q's and I would say that closing price is suspect.....as in outright manipulated....but I really don't care that much. Short term as usual and all represent a "double dip" since the last signal was also a sell.....nobody gets them all right.....but price really hasn't escalated that much from the prior signals on what I play....the NDX and the QQQ.



http://www.marketswi...mp;postcount=38

Edited by Iblayz, 19 April 2007 - 08:40 PM.

[wyocowboy]

Tape on the Q's is real - SMH was painted down at the close - I watched them side by side at the close.....