| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 24 25 26 27 28 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #63057 - Ignore nikoschopen |
5/27/2008 1:47:46 PM |
| nikoschopen 2,824 posts msg #63060 - Ignore nikoschopen |
5/27/2008 2:36:41 PM |
| nikoschopen 2,824 posts msg #63061 - Ignore nikoschopen |
5/27/2008 2:59:15 PM Momentum is fading for the bulls. We should get a pullback down to 1381-ish. If it backpedals below 1380, however, it could get quite messy as it's currently rangebound. |
| johnpaulca 12,036 posts msg #63065 - Ignore johnpaulca |
5/27/2008 4:50:32 PM VIX is getting ready to plough through 20. It's sandwich between my lower and upper BBands(40,0.4) (BOOYA sell). |
| nikoschopen 2,824 posts msg #63067 - Ignore nikoschopen |
5/27/2008 5:51:03 PM So are you saying that the VIX will shoot to the moon while everyone else's 401(k), except ures, is hitting the gutter? Oh my! lol |
| nikoschopen 2,824 posts msg #63074 - Ignore nikoschopen |
5/27/2008 9:37:37 PM Joke aside, I believe the market will open lower tomorrow and start another round of downward spiral. S&P did make a daring leap today off its SMA(50) but that's a bull trap IMHO. |
| nikoschopen 2,824 posts msg #63092 - Ignore nikoschopen |
5/28/2008 12:19:08 PM Now that I'm short USO, I'm noticing that there's a direct correlation between the equity and the oil market. Well, only in reverse. Whenever the oil rises, S&P would dip and vice versa. It's downright stupid considering that the equity market didn't panic when the oil broke above $100. Why is it freaking out now? |
| johnpaulca 12,036 posts msg #63103 - Ignore johnpaulca |
5/28/2008 3:54:20 PM VIX tested support of the lower BBands today, should see more downside in the next few days. Gold should have a nice day tomorrow. |
| nikoschopen 2,824 posts msg #63107 - Ignore nikoschopen |
5/28/2008 4:19:32 PM As soon as the oil market shut down for the day, the opportunistic bulls came out in full force and pushed the market up. How fitting! JP, you need only flip GLD on its head to see that it trades in tandem with S&P. They're ALL screwey in my not-so-humble opinion. |
| nikoschopen 2,824 posts msg #63124 - Ignore nikoschopen |
5/29/2008 1:35:26 PM So far, S&P is trading in lockstep with the oil market (check out USO). At some point, however, the market will need to step back and say "screw you, it's my way or highway!" |
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