tag:blogger.com,1999:blog-7842515298666372288.post683938054250815999..comments2023-11-10T02:06:14.989-08:00Comments on Swing Trade cycles: 10-18-2011 outlookInlethttp://www.blogger.com/profile/03736266762277491275noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7842515298666372288.post-41028076159317459082011-10-18T13:59:22.148-07:002011-10-18T13:59:22.148-07:00IBM was light on revenues. Now APPL misses. INTC...IBM was light on revenues. Now APPL misses. INTC beats. I think we can say that not all tech companies will out perform. So this is going to make for an interesting earnings season. <br /><br />The rally this afternoon may well have been the cycles peak.Inlethttps://www.blogger.com/profile/03736266762277491275noreply@blogger.comtag:blogger.com,1999:blog-7842515298666372288.post-73166665849350272132011-10-18T06:14:57.536-07:002011-10-18T06:14:57.536-07:00I am hoping that the cycles are positioned correct...I am hoping that the cycles are positioned correctly, since I would like 1 more down day. Looks like I bought my SDS calls 1 day too early, so with yesterday's market selloff, I am even with the trade.<br /><br />Phils Davis seemed a bit bullish today. He would like to see the market break out of its trading range to the upside. He believes yesterday's selloff was not enough to turn bearish.<br /><br />Keystone says the utilities (^DJU) stayed strong yesterday and this limited the selloff. If it stays strong, bullishness will return. ^DJU needs to sell off & break 436.75 for the markets to sell off significantly.<br /><br />Let's see what happens today.Doctraderhttps://www.blogger.com/profile/08496540072190781851noreply@blogger.com