4 replies to this topic

[dcengr]

Buy when RSI5 of SPY is < 30, sell when > 50. Out of 113 trades, 89 were winning. Average winner 1.94%, average loser -1.68%. With AAPL reporting after hours tomorrow and bearish high fives, which direction are we going to go?

[traderpaul]

Buy when RSI5 of SPY is < 30, sell when > 50.

Out of 113 trades, 89 were winning. Average winner 1.94%, average loser -1.68%.

With AAPL reporting after hours tomorrow and bearish high fives, which direction are we going to go?

Down....cause the top is in......Big distrubutions for the last few weeks.....They were selling big blocks while the j6p were buying the new highs with .....(smoke and mirrors)

[dcengr]

TP, that's always a possibility..

This Rasmussen poll is saying something is not right here...


Rasmussen Consumer Index
Tuesday, July 24, 2007
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The Rasmussen Consumer Index held relatively steady on Tuesday at 115.3. That's a point above its reading a week ago, nine points higher than a year ago and seven and a half points greater than June's full-month average.

Nationally, 37% of adults rate the U.S. economy as either good or excellent these days. That's compared to 34% who believe the economy is fair these days and 27% who rate the economy as poor.

The Rasmussen Investor Index also held steady today. At 142.4, the Index is four points higher than a week ago, seventeen points greater than a month ago and fifteen and a half points above its reading a year ago.

The Discover ® Consumer Spending Monitor (SM) revealed only 34% of consumers expect to spend more in July than they did in June. This is a six point decline from last months inaugural survey. While consumers sustained their spending from May to June, their views on the economy remained pessimistic, as 62 percent rate the economy as fair or poor and 59 percent expect the economy to worsen.

Americans are split when it comes to choosing between saving for their children's college education and their own retirement. According to a new survey conducted by Rasmussen Reports and released by Country Insurance & Financial Services, 43 percent believe saving for college is more important, while another 43 percent say retirement takes precedence.

The Hudson Employment Index (SM) plummeted nearly six points in June, dropping from 106.9 in May to 101.2, its lowest reading in nine months. The survey, conducted by Rasmussen Reports, shows that a combination of less expected hiring and heightened financial and job security concerns contributed to the decline.

A downbeat assessment was found in the monthly Discover Small Business Watch. At 102.5, the Watch is down more than seven points from May's 110.0 and marks the lowest level of confidence expressed by small business owners since the survey's August 2006 inception.

The Rasmussen Consumer Index and Investor Index are derived from nightly telephone surveys of 500 adults and reported on a three-day rolling average basis. For the full month of January, the Rasmussen Consumer Index rose almost three points from its December average. (see trends and details for demographic groups). Detailed supplemental information is available for Premium Members. Historical data for the Consumer and Investor indexes as well as attitudes about the economy and personal finances are also available to Premium Members.

The Rasmussen Consumer Index reached its highest level ever at 127.0 on January 6, 2004. The all-time low was reached March 11, 2003 at 83.2.

The Rasmussen Investor Index reached its highest level ever at 150.9 on January 7, 2004. The lowest level ever measured was 91.1 on March 13, 2003.

The baseline for the Rasmussen Consumer Index was established at 100.0 in October 2001. The current reading of 115.3 means that overall levels of economic confidence are higher today than the confidence level in the aftermath of the 9-11 terrorist attacks.

[traderpaul]

If one gets a margin call, no poll is going to stop him/her from selling.....James posted that the magin level is the highest in years.....They all have profit on them.....Ring that cash register or let those paper profit melt like an ice cream on a hot summer day.....

[ogm]

What exactly isn't right there ? Investors, whoever they are, are apparently very optimistic. Seems like a perfect opportunity to make them less optimistic And the market is working on that.