1-2 day suckers rally or short term low??? 1282-1293 = first test. A daily close above ~1295 "should" help get the shorts to cover, a failure at that level "should" bring a test back down to the ~ 1255-1260. Straight long position now in effect w/out hedge although 1335-1340 = first "potential" re-load on the straight short Rydex EOD system.
Every body calling for the same bounce is like too many cooks spoiling the soup! Long poistions in Rydex approaching close out and flat again or possible reverse back to short. Long term estimations that 2003-02 lows will be flushed outmay be here sooner than previously thought.
Market setting up for oversold bounce, 2.5%-5% reversion potential. Long term Bear market is unquestionable, near term risk management always #1 priority and profit protection. Rydex EOD short position reduced again to ~30%, EEM,EFA,FXI,XLE & XLB shorts still on, look to cover and /or reverse depending on price action next 1-5 days. Bear market puke session potential requires very limited long exposure below ~1380 on the S&P
Gold, Oil and the U$D at all times the only issue. Can stocks survive without the constant destructive debasement of the currency ... stay tuned!
First new posting/video in 6+ weeks due to technical issues. Any requests for content or questions please call or email. Stock market breaks range lower although divergence in R2K & NDX is "conundrum".
"Goldilocks the Global Growth Princess" is at risk of be exposed as "Baldilocks the Transvestite Prostitute"". note to Tres/Fed, more lipstick... quickly!!!
Visit TimingStrategies.com to see this Video Commentary
Stock market range still in effect, 1380-1400 at the local top end causing churn congestion while 1340-1320 = the first maybe... on the low end yet to be seen. Current stock market price action demonstrating very similar behavior to that of the June 2006 to 3rd/4rth week of July 2006 thru 1st week August 2006. XLE / Oils at top of current 13 day cycle so a potential 3-5% quick counter trend short set-up in effect for DUG with tight stop mandatory. GLD\GDX and XLF looking for quick move, SMH false break-out or not????
Stock Market Commentary 03-31-08
End of quarter rotation setting up for XLF,XLE,GDX,GLD,DBA etc: Short term unwinding = opportunity in sharp volatility expansions. Too many people looking for the same thing may squelch a good thing though in the immeadiatte time being
Visit TimingStrategies.com to see this Video Commentary
Wall Street Welfare Bail Out in full progress. U$ Dollar looking for a pulse. Gold and Agriculture getting pressured lower. Potential short term re-flation of wall street waste paper while commodity "stuff" steps back. Low risk spread potential in XLF,DBA,XLB,GDX,GLD,XLE,XME
Visit TimingStrategies.com to see this Video Commentary
Stocks get saved by the bell for the "standing 8 count"! Big sell-off into next week of March 10-14 potential increase in possibility but not probability. Early entry 50% long, buy signal, time cycle window for turn zone starting today Fri 3/7-3/14 for mean reversion. Should a bounce with a close of ~2.5% higher from Fri. 3/7 close occur, 137-140 = target for next sell level.
