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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (48576)4/12/2013 8:44:09 AM
From: Fintas  Read Replies (1) | Respond to of 220947
 
Add to that JPM, WFC and as I have been suggesting when a sector stays to the right of that bell curve and in the 70's it isn't IF that sector will ROLL LEFT but when. I own the banks but make no mistake they will roll over.
I expect JPM and BAC to move to numbers I've suggested in the past. NO biggee..Just some profit taking and for those who missed them it is a good entry ONCE they finish going down.

IMHO

Fintas



To: GROUND ZERO™ who wrote (48576)4/12/2013 8:44:25 AM
From: TFF  Read Replies (2) | Respond to of 220947
 
This isn't helping either:

8:06 AM Fears about Cyprus, which needs €6B more than the €17B that was originally estimated, are helping cause the slide in European shares and the euro, and possibly U.S. stock futures. Cyprus wants extra help from the eurozone, although the bloc has made it clear that it won't provide any more than the €10B it has already pledged. Cyprus' fate is on the agenda at a Eurogroup meeting in Dublin today. The euro is -0.35% vs the dollar



To: GROUND ZERO™ who wrote (48576)4/12/2013 8:54:40 AM
From: TFF  Read Replies (1) | Respond to of 220947
 
Nice little diamond pattern on AAPL last couple days on hourly chart. It might get flushed into earnings on the 22nd.



To: GROUND ZERO™ who wrote (48576)4/12/2013 9:55:31 AM
From: robert b furman3 Recommendations  Read Replies (2) | Respond to of 220947
 
Hi GZ,

I'm not real surprised that retail sales are off the week before people have to write the IRS a check.

In the car business february and march boom as those who file simple filings get back all the witholding that they made last year.Typically this money burns a hole in their pocket and is quickly gone.

Many buy a used car - during these times wholesale auctions see a spike in older used car prices.

When higher wage earners write the check to the IRS a big cloud of doubt is removed and if/when they have money left over some of them go car shopping.

In May,the manufacturers generally boost the rebates to the higher levels.The car manufacturers know this is the summer volume season and they want to grab market share.

In my retail experience this is a shoulder season where we transition from used car buyers to the new car buyers.

The timing of the April 15 th tax pay up has a direct impact on retail sales from my 25 years in retail auto sales.

This is not surprising - it will be the next two months of retail sales that will tell the story about our economy.IMO

Bob