Market Outlook

Quote from EliteThink:

Heading to 666 on the spx? Yikes. Maybe precipitated by a U.S. debt crisis? Do you think earnings will crater that much?
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I was joking. I plagiarized GrandSupacycle's blog.
 
This is my analysis.

Tues Dec 27
December 27, 2011
SP500 weekly chart shows possible bullish spike ahead.
Ongoing megaphone wedge ensures eventual crash.

USDX daily chart gives bearish warning so should be stock bullish.

EURSGD long 1.6936
GBPAUD long 1.5415 [c 1.5419]
GBPUSD short 1.5651 [c 1.5636]
 
Quote from EliteThink:
dj has risen above a significant high, and spx is appearing to do so as well, but looks as though simply drifting up. If buying comes thru with conviction, i.e. spx 1271ish, 1290 should come quickly. On the contrary side, today is the 5th day up in a row, if it closes higher. Statistically, 6 days up are somewhat rare and a pull back could potentially be seen instead. Systems which trade counter to a 5 day move typically have a high win rate. A shrunken ATR is also a sign of a top, but clearly it is likely due to the Christmas/holiday season. Good trading.
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Sit on the fence much ?
 
Merry Xmas, Grand! Once you opened a thread said the Xmas rally was over approximately in the mid of December. What about now? Looks like it is not over yet......
 
I like how he insinuates a bearish position (because of the USDX) and claims his opinion won't change. Then he attacks someone else, who posts actual analsysis, for fence sitting. Then he reminds us that there is a bullish signal. All before the market open.
 
Daily Market Analysis
RQ Cross Box -Quant Report


The Quant Report delivers vital quantitative analysis by combining extensive fundamental, technical and statistical analysis of historical data and anticipated future trends across most asset classes. Each market class is carefully evaluated from multiple vantage points in order to assess its attractiveness and future prospects


Financials : S&P 500 4 Green Bullish
Metals : GOLD -3 Yellow Neutral
FOREX: EURUSD -4 RED Bearish
 
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