DE

03 Jun2011
By

CME UPDATE 6-6
287 – 8% = 264 SUPPORT
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4 down day in a row on the spx, rare to see 5 in a row.
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i have very good overnight short sell signals on $SKF. might get a market bounce on Tuesday, and then continue lower

DE
update as of 6-9, DE trade is less than 1% under water. not bad considering the dow is 800 points off it’s monthly high.

in order to lower p/e’s 13% more in 2012, the elite’s are either planning to create a huge amount of jobs, or a huge amount of debt.

Category: XLI sector
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  • http://zstock7.com/ zstock7

    no qe3—-
    Gross reiterated that he isn’t buying Treasuries for his
    $243 billion Total Return Fund even as the government bond
    market rallies because yields are too low once inflation is
    taken into consideration. Mortgages, corporate bonds and
    sovereign debt of other nations are more attractive, he said. 
    http://www.bloomberg.com/news/2011-06-03/gross-says-more-buying-by-fed-unlikely-even-as-job-growth-slows-tom-keene.html

  • http://zstock7.com/ zstock7

    no qe3—washington post
    http://www.washingtonpost.com/business/economy/will-the-fed-do-qe3/2011/06/03/AGQBq6HH_story.html
    Don’t expect the Fed to announce a QE3, but the weak outlook likely
    will push off the day when the central bank will start tightening
    monetary policy — sucking money out of the economy — to an even more
    distant horizon.

  • Turbo_Tim
  • http://zstock7.com/ zstock7

    AAPL and MSFT release new products on Monday. might help the qqq.

  • http://zstock7.com/ zstock7

    me too, i’m waiting for qqq to reach rsi 30.2, before recommending any heavy long exposure.

  • http://zstock7.com/ zstock7

    i remember one year going long OIH last day of dec, and the first 7 days of jan, OIH got crushed, and so did the rest of the market. by the middle of that Jan, the market went higher and onto even higher highs in FEB…June is starting out sort of that way.

  • http://zstock7.com/ zstock7

    if IWM can reach 82.2 this week, i’m getting out of my longs, and buying some puts on something.

  • http://zstock7.com/ zstock7

    i’m having to switch from 4 month charts to 8 month charts. u know what that means. the qqq is going to rsi 30

  • http://zstock7.com/ zstock7
  • http://zstock7.com/ zstock7

    The End- The Beatles http://www.youtube.com/watch?v=7a_8F6gflxQ&feature=related

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