Thursday, December 1, 2011

12-02-2011 outlook

Not a lot of movement today.  I suppose we could get news out of Europe over night.  We know in the morning we get Nov employment numbers.   Unless a huge surprise probably not a big market mover,  So not much of a change from today.

 The 22.5TD cycles and its component cycles should bottom tomorrow. If we get a 2-3% dip it would be a long buying opportunity.  On the other hand if we get a 2-3% rise might justify buying a short ETF like RWM for a short trade because in my opinion the market will be out of sync with the cycles.

My interpretation of the SPX swing cycles:


GL traders.  Have a good day and weekend.
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5 comments:

  1. DoctraderDecember 2, 2011 at 6:31 AM

    Per Phil's Stock World:

    "Now the ECB is lending the IMF about $200Bn, which the IMF can lever up to lend Eurozone countries another $500Bn and that’s before the Fed and the BOJ and all the other partners in World Crime get together and pump even more money in. Nothing gives the old Futures a shot in the arm like MORE FREE MONEY and, interestingly enough, the ECB handing out cash Boosts the Euro, now over the $1.35 line."

    So, this would imply even more money may enter the system. Could be tricky trying to short. Looks like the job's number was OK.

    Let's see what happens.

    ReplyDelete
  2. sammyDecember 2, 2011 at 4:13 PM

    looking good,

    UPDATE
    http://markethighsandlows.wordpress.com/2011/12/02/12-2-2011-update/

    ReplyDelete
  3. InletDecember 4, 2011 at 11:03 AM

    Scotty - nice site, if it is OK I will add it to my list.

    ReplyDelete
  4. sammyDecember 6, 2011 at 2:30 PM

    Inlet, what me worry ?

    Sideways move coming to an end ?

    http://markethighsandlows.wordpress.com/

    ReplyDelete
  5. sammyDecember 10, 2011 at 3:59 PM

    Saturday Update
    http://markethighsandlows.wordpress.com/

    ReplyDelete

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