8 replies to this topic

[.Blizzard]

Can't wait!| Just added 75% ES short at 1497...already short 25% at 1503 Hard stop @ 1527 SWING TRADE U.S. 1Q final sales up 1.6%, weakest in 5 quarters 8:30 AM ET, Apr 27, 2007 - 1 minute ago 07. U.S. GDP up 2.1% in past year, 4-year low 8:30 AM ET, Apr 27, 2007 - 1 minute ago 08. U.S. 1Q core PCE price index up 2.2% annualized 8:30 AM ET, Apr 27, 2007 - 1 minute ago 09. U.S. 1Q business investments up 2.0% 8:30 AM ET, Apr 27, 2007 - 1 minute ago 10. U.S. 1Q residential investments down 17% 8:30 AM ET, Apr 27, 2007 - 1 minute ago 11. U.S. 1Q consumer spending up 3.8% 8:30 AM ET, Apr 27, 2007 - 1 minute ago 12. U.S. 1Q GDP price index up 4%, highest since 1991 8:30 AM ET, Apr 27, 2007 - 1 minute ago 13. U.S. Q1 12-month ECI gain largest since March '05 8:30 AM ET, Apr 27, 2007 - 1 minute ago 14. U.S. 1Q GDP weakest since 1Q 2003 8:30 AM ET, Apr 27, 2007 - 1 minute ago 15. U.S. Q1 employment costs index up 3.5% yr-on-yr vs 3.3% Q4 8:30 AM ET, Apr 27, 2007 - 1 minute ago 16. U.S. 1Q GDP up 1.3% annualized vs. 1.7% expected 8:30 AM ET, Apr 27, 2007 - 1 minute ago 17. U.S. Q1 employment cost index up 0.8% vs 0.9% expected 8:30 AM ET, Apr 27, 2007 - 1 minute ago

[jjc]

Can't wait!|

Just added 75% ES short at 1497...already short 25% at 1503

Hard stop @ 1527

SWING TRADE


U.S. 1Q final sales up 1.6%, weakest in 5 quarters
8:30 AM ET, Apr 27, 2007 - 1 minute ago
07. U.S. GDP up 2.1% in past year, 4-year low
8:30 AM ET, Apr 27, 2007 - 1 minute ago
08. U.S. 1Q core PCE price index up 2.2% annualized
8:30 AM ET, Apr 27, 2007 - 1 minute ago
09. U.S. 1Q business investments up 2.0%
8:30 AM ET, Apr 27, 2007 - 1 minute ago
10. U.S. 1Q residential investments down 17%
8:30 AM ET, Apr 27, 2007 - 1 minute ago
11. U.S. 1Q consumer spending up 3.8%
8:30 AM ET, Apr 27, 2007 - 1 minute ago
12. U.S. 1Q GDP price index up 4%, highest since 1991
8:30 AM ET, Apr 27, 2007 - 1 minute ago
13. U.S. Q1 12-month ECI gain largest since March '05
8:30 AM ET, Apr 27, 2007 - 1 minute ago
14. U.S. 1Q GDP weakest since 1Q 2003
8:30 AM ET, Apr 27, 2007 - 1 minute ago
15. U.S. Q1 employment costs index up 3.5% yr-on-yr vs 3.3% Q4
8:30 AM ET, Apr 27, 2007 - 1 minute ago
16. U.S. 1Q GDP up 1.3% annualized vs. 1.7% expected
8:30 AM ET, Apr 27, 2007 - 1 minute ago
17. U.S. Q1 employment cost index up 0.8% vs 0.9% expected
8:30 AM ET, Apr 27, 2007 - 1 minute ago

You might want to cover (at least some). Watch the gap

[jjc]

At the risk of being wrong; my models say long here is where the strong odds are..... Not advice just a statement.

[Tor]

UR in good company.............. I posted this earlier in the week...Its quite amazing.Source Schaeffer research. But how have investors and Wall Street reacted? By piling on more pessimism. The New York Stock Exchange (NYSE) recently reported short-interest activity for April, revealing a jump to another record. In fact, from March 15 through April 13, the number of shares short on the NYSE increased by 4.6 percent. During that same time frame, the SPX gained nearly 4.4 percent. A bit of history should give you healthy perspective on the current short interest situation. The NYSE short-interest ratio (total short interest divided by average daily trading volume) stood at 3.7 when the SPX peaked around 1,500 in early 2000. This is a noteworthy fact as the SPX closed Friday fewer than 16 points away from this round-number area. (As a side note, the equal weighted SPX crossed above 2,000 this week and is trading at an all-time high). With the NYSE short-interest ratio currently at 6.1, this is consistent with the level of shorting activity that took place during the mid-to-late 1990's rally in the market and also the level of shorting activity that occurred as the market carved out its bear market lows in 2002-2003. Each of these periods were favorable for accumulating stocks. But how have investors and Wall Street reacted? By piling on more pessimism. The New York Stock Exchange (NYSE) recently reported short-interest activity for April, revealing a jump to another record. In fact, from March 15 through April 13, the number of shares short on the NYSE increased by 4.6 percent. During that same time frame, the SPX gained nearly 4.4 percent. A bit of history should give you healthy perspective on the current short interest situation. The NYSE short-interest ratio (total short interest divided by average daily trading volume) stood at 3.7 when the SPX peaked around 1,500 in early 2000. This is a noteworthy fact as the SPX closed Friday fewer than 16 points away from this round-number area. (As a side note, the equal weighted SPX crossed above 2,000 this week and is trading at an all-time high). With the NYSE short-interest ratio currently at 6.1, this is consistent with the level of shorting activity that took place during the mid-to-late 1990's rally in the market and also the level of shorting activity that occurred as the market carved out its bear market lows in 2002-2003. Each of these periods were favorable for accumulating stocks. In other words, despite the fact that the market may look "tired" or "overbought" from a technical perspective on a chart, the short-interest ratio continues to stand at levels consistent with bullish price action, which favors the bulls and suggests that any corrections will continue to be modest and short lived, unless and until we see a major capitulation in the short interest like that of early 2000. As further evidence of skepticism that should ultimately provide fuel for a continued rally, let's turn to the latest Commitment of Traders report, which is published weekly. Coming into last week, small traders of S&P futures netted the largest short position in the past five years. Furthermore, large speculators in E-mini S&P futures (which some suspect are hedge funds) also netted the largest short position in five years. In both cases, these groups have been caught short preceding huge rallies in the market, and history seems to be again repeating itself. As we saw in May 2006, this level of pessimism from traders does not mean the market is "correction proof," but keep in mind that the magnitude of the correction in 2006 was shallow with respect to the post-correction price action in 2006.

[thespookyone]

Blizzard-I shorted around 20 minutes before the close yesterday. We hit the top of the rising channel inside of the rst, and should now take a trip to the bottom of it. Previous upper channel hits have resulted in the same. And, WOW, that gdp was NOT pretty! Spooky

[Mtrader]

cycle low is in??

[nimblebear]

One sentiment indicator.

http://www.investmen...ish_percent.htm

[skott]

none of the sentiment indicators I have are saying top either some are flashing a little warning but most have a lot of room to rise.

[skott]

blizzard are you a fracman disciple or practioner? where did he go?