Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Rip the Face Off the Bears Rally! - 22nd Dec 24
STOP LOSSES - 22nd Dec 24
Fed Tests Gold Price Upleg - 22nd Dec 24
Stock Market Sentiment Speaks: Why Do We Rely On News - 22nd Dec 24
Never Buy an IPO - 22nd Dec 24
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Who Can Get Hurt the Most - Longs or Shorts?

Stock-Markets / Financial Markets 2010 Jun 17, 2010 - 02:24 AM GMT

By: Sean_E_Blair

Stock-Markets

Best Financial Markets Analysis ArticleGOLD - Below the market there are some lows on the Weekly Bar Chart that are rather close together. The arrows point to the lows of the bars where the Sell Stops are. Although it is difficult to predict exactly when these lows will be taken out, I would suggest that there is a high probability of it happening… sometime.



Markets often like to end trends with a blow-off, so a short futures position would be risky right now. Options are most likely the ticket. The only problem is that you ALWAYS need to feel you are putting on an option trade at the precisely correct price/level to ensure consistent success with them. Putting on options “willy-nilly” just because you think a market is going somewhere will cut down on you success rate.
++++>>>

Below is a WEEKLY S&P Chart. For those of you that like to see a fast moving average cross through a slow moving average to determine future direction….. Looks like the “cross” came through last week, and the confirmation seems to show this week. To me, this method of entering positions seems to work about 65% of the time. An example of when it doesn’t work is where the first arrow is pointing. What you might call, a “fake out.”

The good ol’ Upside Down Bear Arm (bullish) is manifesting itself on the 30 min. bar chart below.

My thoughts are that on an initial break through the 1118.50 area, the SEP S&P will have a (perhaps short term) hard time climbing much higher and correct for an estimated 7 to 10 pts. Aggressive traders might try to sell very shortly thereafter. With a move above 1118.50 and a proper RSI reading of between 75 – 80, I think defensive traders can short with confidence looking for a 7 – 10 pt. drop before we’ll see 1142.75. The greedy soon become the needy, so keep it to a short term trade. Don’t give back your profits.

If we make it up above 1142.75 in the next 2 days there’s a significant chance of a nice 20+ pt. pullback for those of you that like to sell to people that chase the mkt.

Sean E. Blair
 
+FASTMKT>> FOCUS
Adler 747, Inc.
 
Go Here to Open an Account Online: http://fastmkt.blogspot.com/
 
2700 W. Pacific Coast Hwy
Newport Beach, CA  92663
Suite 130

 FASTMKTFOCUS@gmail.com
Tel. (888) 919- 0444 >>>> 888 - 9190 - 444
Direct. (949) 892- 6442
Anytime. (949) 939- 9814
Fax. (949) 200- 3119
 
TO ELIMINATE YOUR STRESS AND GET RELIEF NOW, www.ctrlstress.com 

 
***Futures and Options Trading is Risky and Not Suited for Everyone. Trading in Futures and Options should be done with Risk Capital Only, and Should Not Affect Overall Lifestyle should Losses Occur.***

© 2010 Copyright Sean E. Blair - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in