– April 27, 2009Posted in: Intraday Commentary, Videos

Today we look at a bunch of charts, as the overall sentiment becomes a little more bearish than it was friday. It is still very hard to know what will happen in the market over the next few days as there is ambiguity, but the overall direction looks like it maybe a little lower. I still believe a move to 7540 on the Dow should be welcomed by both the bulls and the bears, as it is i the 38.2% retracement, and this market seems very exhausted to me. The bulls failed to break the longer term resistance of the Dow Channel yet again early today, and the bears took over. The financials looked weak all day, GS looked weak at the end of the day. The S&P might find some more support in it’s ascending channel support around 845-846 tomorrow, and I will take off positions as profits/losses at that level no matter what, as i don’t want to have a portfolio, which is that high on risk. In this video we look at $TNX, GS, SPY, XLF, SRS, $INDU (dow jones) and really quickly at the $VIX and GLD

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Sun Tze is one of the founders of FocalEquity.com. After going through multiple transitions, Tze, Charlie Cheng and their new team are bringing new changes and features to the new FocalEquity.com in 2011. Tze is specialized in financial modeling and has a masters degree in Finance.

16 Comments

Kenji

Posted April 27, 2009 at 5:11 PM

Bought some SRS at the end of the day. Thanks Idan for the great tips.
FLguy

Posted April 27, 2009 at 5:40 PM

Thanks. ES -4.50 See what develops. Go Red
7eleven

Posted April 27, 2009 at 5:47 PM

Idan, you get better and better in your analysis! Not sure what others think but the video today is really world class. Thanks for sharing!
- MT
  
  Posted April 27, 2009 at 11:04 PM
  
  I agree. Concise, to the point, yet still very informative.
Alex

Posted April 27, 2009 at 7:11 PM

Oh…Great.

PARIS/BRUSSELS, April 27 (Reuters) – The virus spreading around the world should not be called “swine flu” as it contains avian and human components and no pig has so far been found ill with the disease, the world animal health body said on Monday.

It would be more logical to call the virus “North American influenza”, a name based on its geographic origin like the Spanish influenza, a human flu pandemic with animal origin that killed more than 50 million people in 1918-1919.
- farsighted
  
  Posted April 27, 2009 at 7:38 PM
  
  why not “Indigenious animal flu” … come on, does this really matter???
  
  oink!
3min

Posted April 27, 2009 at 7:57 PM

I own 20,000 share of FEED. You can imagine how I felt Saturday morning.
Anjali

Posted April 27, 2009 at 7:59 PM

Hi Idan – which SRS call position did you take ?
- Idan
  
  Posted April 27, 2009 at 10:15 PM
  
  SAK EE
- OxTrader
  
  Posted April 27, 2009 at 11:08 PM
  
  Personally got me some SAKEZ and had SPG 44 puts that paid nicely today
ckeltner

Posted April 27, 2009 at 8:14 PM

Thanks Idan
Alex

Posted April 27, 2009 at 11:05 PM

After Dinner Reading

For anyone interested in learning more about the likely source of this new virus.

http://www.dailykos.com/storyonly/2009/4/27/724962/-Swine-Flu-Linked-to-Smithfield-Factory-Farms-by-Mexican-Press
zee

Posted April 27, 2009 at 11:06 PM

GLD looks like its in a consolidation period, with a pennant formation. It might be a good time to buy in 1-2 weeks
OxTrader

Posted April 28, 2009 at 12:23 AM

I know it’s the middle of the night but futures just broke below S1 @ 847, and are currently at 844. An important number even for this time of night
Valerie

Posted April 28, 2009 at 12:45 AM

Hey Idan. As always thnx for the video. I scouted around some other stock blogs this eve and thanks but I’ll stay with ST. No cutesy clutter here.
I did get a chuckle out of wherever I read that GS and the PPT were sweating today single-handedly holding up the market. Great image and likely some truth in the statement.
- Valerie
  
  Posted April 28, 2009 at 1:00 AM
  
  And good discussion of SRS. Might be time to put it back on my radar.