From Roller Coaster (Trading Day 2011-09-30)
After falling, the NASDAQ rallied a bit into the close yesterday. The EMAs are still flat on the daily. The market seems more bearish than bullish at the moment. I still believe the eventual break will be to the downside, but this trading range may take more time to develop.
From Tze (Trading Day 2011-09-29):
You can download the ENTIRE stock model for this week (including top 50 longs and top 50 shorts) here: FocalEquityStockModel_20110929
The S&P 500 has been finding resistance from the downward sloping 50 EMA. There was some selling yesterday as the market tried to move higher; and has now printed a bearish daily candle. The market hasn’t given much of a signal to it’s immediate direction yet; so maybe it’s better to just wait.
NASDAQ weaker than S&P today.
Other markets seem relatively calm.
AAPL and GOOG taking the Naz down so I am thinking the market will be red EOD. Another wild day with tripple digit gains wiped away.
Well there ya go whatever you may think it will always be opposite.
Hey Guys,
Sorry I have not been around much this week. I will catch with you all soon.
Well after what happened yesterday I can only assume there will be another miraculous comeback and market closes green.
Ok the bewitching hour is upon us let’s watch the miraculous comeback go into action. Such a crock of BS it is.
Yea looks like it’s setting up that way. Anyways, fasten your seat belt for October. Hopefully nothing major is going to happen but things are set up in a bearish fashion for sure.
Yes as this last quarter turned out to be the worst since the credit crisis in 2008.