Comments on: Intraday Commentary ~ 11/02/2009

By: Stock Market Finance

Stock Market Finance — Tue, 03 Nov 2009 08:57:06 +0000

A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.

By: JON

JON — Tue, 03 Nov 2009 05:49:27 +0000

goldmansucks ! chill out dude.
You sound pissed man! I would too if I missed the rally and kept shorting and loosing. Very few here are prema-bull or bear, but the majority just follow the trend.

Mohan, S135 and Shanky were great when the market was going down and we all benefited from them, but they were too attached to the downside and lost their way.

Keep the mantra “The world is ending” so others can eat your lunch

By: pete

pete — Tue, 03 Nov 2009 04:44:18 +0000

Zee, I am new and have no idea what I am doing, I just learn from you guys.

Fundamentally, 3.5% GDP seems a great number for economy, and could boost 10% up for stock market. But on the second day, SP sank 2.8%.
Today ’s low 55.33 on IWM is lower than the low (57.53) Oct 2 and close to the low (55.21) on Sept 2. Roussel 2000 show double tops with trend reversal signs for both MACD and RSI. It also falls off the wedge support. Please help me understand if these signs can be explain potential market topping and trend reversal? It could be sign that market slightly drops first following a big moves up?

By: paul

paul — Tue, 03 Nov 2009 04:37:48 +0000

thank you, for your work.

By: zee

zee — Tue, 03 Nov 2009 04:25:53 +0000

I searched him up, he has a good track record. I assume hes market neutral short-term and bearish long-term?

I don’t expect interest rates to increase until end of 1Q.. As long as interest rates are low banks are going to make lots of profit. They receive money at 0% from the Fed, and then proceed to lend it out to borrowers at 5%.

The market, theoretically is due for a major correction in 1-2 months time due to a very big cycle peak that should technically happen first week of December. I am not ignoring the bear, I just think for the month of November it’s best to shy away from it because we are entering a new bull cycle. Who knows how high we’ll go?

By: paul

paul — Tue, 03 Nov 2009 04:11:44 +0000

zee, i subscribe to a mr. jim shepherd, you can look him up. and he has not call the crash yet,

he has a model that takes interest rates into account and gives them a value and right now interest rates are too low, but if the go up too quickly or too far that could cause a crash,
my guess is like yours the gov. and gs will exhaust all the shorts and put buyers until it is time to bring the market down, but our gov. and gs. are not all powerful and can’t do this forever, but maybe till early next year.

By: Anjali

Anjali — Tue, 03 Nov 2009 04:10:34 +0000

Fritz – can you elaborate on what signals you look for in the “buy:” and “sell” … so that we can understand this better for those of us who are swing traders …

TIA ..

By: zee

zee — Tue, 03 Nov 2009 03:56:17 +0000

Ok, Goldmansuchs. Let’s stick to facts and technical analysis.
I have posted my bullish $CPCE down in the StockTock photos. Do you have a counter-argument against it? How do you explain the fact that so many investors are buying puts.. Since when have the majority of investors been right at market reversals? This is the sole reason why I don’t believe we are at P3. Goldman hates when the retail guy profits from the falls..

BTW, do you have any technical analysis charts of your own?
Can you post your intraday trades?
You love to talk but yet you fail to give us any valuable insight we can use except saying this is P3 or were going to 750.

I have posted my track record, not for my own benefit, but for others to see that Cycles are no bs and they have worked in the past and should not be ignored.. I post my technical analysis in the ST photos. I don’t post on emotion, I post on what I see. And what I see is a small downtrend that is unable to take out the Oct2nd low. If we take out the oct 2nd low, I’ll get bearish, until then I have to buy the dips.. thats what the chart tells me.

By: Goingtoretireoneday

Goingtoretireoneday — Tue, 03 Nov 2009 03:43:21 +0000

Very true GS, this is absolutely NOT an organic rally by any means. Could it go up, sure, but I truly think not, at least not for a few months at least.

By: zee

zee — Tue, 03 Nov 2009 03:42:09 +0000

I’m the one who sounds like a child?
Who’s the one talking about cookies?