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The person who runs emini-watch.com also noticed the up/down trendline cross on S&P/ES (if the webmaster of that site sees this msg, I like your site! & what's your handle on ET?). We're at crossroads, with more and more bullish news coming out day after day, with the exception of some notable...

'Market gurus' who were bearish last summer are now all bullish; the perma bear gurus who were bearish by nature capitulated last December and are now bullish; the mighty gurus who were bullish last summer but turned bearish/neutral last December are once again turning bullish. Even some...

A look at the U.S. equity market on January 11, 2007 Here are some market charts with my views. ES H7 chart in 60 min interval. http://img213.imageshack.us/img213/9972/es60minap4.png Daily S&P http://img153.imageshack.us/img153/5842/spdailyda1.png Daily Dow...

Thanks Decel for enjoying my thread. The thread forces me to organize my thoughts and hope it's beneficial to other traders as well, even if just a little. thehangingman, you described the situation well; like you say, it seems to me that the market (especially growth stocks) is showing...

If the rumor is true, those 'overseas investors' seem to be employing a dynamic asset allocation strategy, which is a fancy way of saying "buy high and sell low".

There's method to Madrid's madness, methinks (a little alliteration fest :D).

A look at the U.S. equity market on January 10, 2007 Here are some charts with my views. NDX is now the strongest of the bunch: http://img100.imageshack.us/img100/6125/ndxdailyod8.png S&P and Dow still seem unconvinced about going higher yet...

I'd say this rally was purely technical. Back to shorting.

The support held once again today - 3 days, 3 tries; this seems bullish. Incredible, but what can you do? Gotta buy the dips (ugh).

I just can't be surprised anymore if we actually break out to the upside after acting like we would break down with the rest of the world making decent sized pull backs. For all I know it could be that money's being mustered from the rest of the world to take NDX to a new high (8% of which is...

I guess the market can go down so much before open that it actually becomes a buying opp. for traders. It's a lot of fun trading 4 in the morn right now tho; on a day/night like this staying awake for 24 hours at a time is worth it :)

me thinks 5 days a week is just too much for a show of its kind. Recommendations will be diluted (not to mention the potential for conflicts of interest), and those traders will Stop Trading (!) like Jim Cramer and become 'Market Gurus' (yuk!).

Man, I'm dip buying my ES hedge right now! :p

With all due respect, reading that particular message of yours alone it sounds as though you're considering the mass psychology as the only factor that drives the market, when it is really driven by a multiple of factors, some of which are unbeknownst to even the most astute market observers.

The last 3 trading days look pretty much the same on the daily chart, hanging out right below the previous major trendline but none too sure about where to go. This is a sign of a resilient market, though in my opinion it will have to make some form of correction in one way or another (a...

Keep your account size small. Take the profit out on a regular basis & enjoy yourself!

Someone asked me why the economic assessment in the previous post is relevant, so I will elaborate. Fund managers, whose market orders most of us would agree define particular characteristics of a market (trend, volatility etc.), are not just buy and hold (and pray) individuals. Most fund...

Pfft this is like a mild drift down. The only difference from other days I heard this morning was ML and GS were heavy sellers (and we actually popped nicely for a while once they were done).

Hmm let's say an exec makes cool 8$ mil a year (apparently the S&P CEO average pay this year) - how many workers can a company keep by cutting that person loose, assuming a regular worker takes home about $50 grand a year? 8,000,000/50,000 = 160 more people can feed their children and pay...

A Look at Market Fundamentals on January 9, 2007 The Big Picture section of briefing.com (not to be confused with Ritholtz's blog) reports that the Wall St. is finally caving into the reality of slower earnings growth, cutting their expectations for the year 2007. Dick Green, the author of...