SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Philosophical Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Rarebird1/11/2010 9:26:43 AM
  Read Replies (2) of 26251
 
Transcendental Market Truths (Fragments):

The Market:

The rally in stocks continued last week as most of the indices are completing third waves (of five) up. The week is likely to start slowly and build strength into January options expiration this coming Friday.

I'm expecting an early May high and a double top (with a slightly higher high) in August. Big bearish bets will be initiated at that time when the market is outrageously overvalued.

The goal, as always, is to make money. I'm expecting a 5% correction after 1158-1160 on the SPX is reached.

Mining Stocks:

There is no positive accumulation. There is no reason to think that the mining stocks are going to outperform when money is flowing out in large amounts.

Semiconductors:

Massive money flow divergence warns that the Semiconductor Sector isn't going to outperform as most investors think it will.

NYSE Composite:

Breakout! I got the breakout, as expected, over the 50% retracement price (7284.46) that had been a ceiling. Near term, money flow is strong, but longer term, there are divergences. NYSE Composite is in the last part of the rise from March and will likely see a significant top at some point this year, with a drop well below the March low ahead (especially if the Administration is going to stop stimulus spending and start taxing the economy as it appears they are fated to do).

S&P MidCap 400:

The MidCap Index continues on track toward a new all-time high this year.

Disclosure: I'm not a registered investment adviser. I'm only a transcendental philosopher who earns my living as a private tutor and inspires youngsters to think. The market is only a leaf from my life.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News