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2013 Recurring Nightmare For The Bears
2013 Jan 2 Wed 15:44:44 | by
First trading day of the year marked by red arrow and December month high marked by red horizontal line.
Back in 2012:
And now 2013:
As stated in previous piece, 2012 Year End Deja Vu, that gap from 2011 was never filled. It is a first for such gap to not fill within the year over past 100 years.
2012 Year End Deja vu
2012 Dec 31 Mon 14:29:12 | by
2012 started the year with a 20+ points gap to the upside from 2011 close.
And that gap was never filled. It is the first time in S&P history that a gap from the year before not filled in the year right after.
And now a year later, right before the 1st week of January, we have this flushed low into the close (and afterhours) last week. Only to start this week with a huge gap up again. It is not filled yet.
Coincidence or conspiracy?
Something interesting to think about.
Market Internals 2012-12-19
2012 Dec 20 Thu 9:36:25 | by
My monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Dec 19 close. 
Reading 1. Long Term Tick16 (yellow line) cleared neutral zone and zoomed to straight up to overbought area 2. Short Term Tick16 (red line) divergence against price for about a month now 3. 3 Days Advance Issues (green line) popped back up to overbought zone Inference a. #1 in trend buy mode. That means coming several selloffs can be bought on swing basis. A potential long term top in the making with time window of about 3 to 6 months. b. #2 points to a top in the making but it will be used up when the red line drops back below neutral zone c. #3 in the context of #1 points to a pullback in the making Last update predicted the powerful upside push correctly
Reading 1. Long Term Tick16 (yellow line) cleared neutral zone and zoomed to straight up to overbought area 2. Short Term Tick16 (red line) divergence against price for about a month now 3. 3 Days Advance Issues (green line) popped back up to overbought zone Inference a. #1 in trend buy mode. That means coming several selloffs can be bought on swing basis. A potential long term top in the making with time window of about 3 to 6 months. b. #2 points to a top in the making but it will be used up when the red line drops back below neutral zone c. #3 in the context of #1 points to a pullback in the making Last update predicted the powerful upside push correctly2012 Dec 14
Japan Election 2012 December 16th
Not sure what to expect from the election but the outcome from that can be major game changing event in how dollar yen will move in coming months. In turn, it will affect all other financial markets. From the chart of dollar yen, it is clear that it ...
Not sure what to expect from the election but the outcome from that can be major game changing event in how dollar yen will move in coming months. In turn, it will affect all other financial markets. From the chart of dollar yen, it is clear that it ...
2012 Dec 11
48 out of 49 economists agreed on something ...
Bloomberg news, Fed Seen Pumping Up Assets to $4 Trillion in New Buying 48 out of 49 economists predict FOMC will ... Whatever they predicted does not matter. What matters is that they mostly agreed with each other. Definitely the sign of "e ...
Bloomberg news, Fed Seen Pumping Up Assets to $4 Trillion in New Buying 48 out of 49 economists predict FOMC will ... Whatever they predicted does not matter. What matters is that they mostly agreed with each other. Definitely the sign of "e ...
2012 Dec 10
Surreal Collective Intelligence Among California School Boards
As reported by NPR, School District Owes $1 Billion On $100 Million Loan I am speechless when I finish reading that article. Who gave the authority to these people to put the future of these school boards on hook for eternity? I wonder will there ...
As reported by NPR, School District Owes $1 Billion On $100 Million Loan I am speechless when I finish reading that article. Who gave the authority to these people to put the future of these school boards on hook for eternity? I wonder will there ...
2012 Dec 9
Supervision failures - can we believe that?
CFTC came out with this press release on Goldman Sachs failed to oversight one of its traders in accumulating an $8.3 billion worth of emini S&P contracts back in late Dec 2007. As reported in the PR, Goldman took a loss of over $118 million in ...
CFTC came out with this press release on Goldman Sachs failed to oversight one of its traders in accumulating an $8.3 billion worth of emini S&P contracts back in late Dec 2007. As reported in the PR, Goldman took a loss of over $118 million in ...
2012 Dec 5
What's Next For Apple Inc.
My last piece on Apple was posted several months ago here. Several projections materialized after it was published: 1. For a potential false breakout, Apple will be capped by approx. 5% above the May high. Apple was capped there for a month before ...
My last piece on Apple was posted several months ago here. Several projections materialized after it was published: 1. For a potential false breakout, Apple will be capped by approx. 5% above the May high. Apple was capped there for a month before ...
2012 Dec 2
Large Hedgies Are Not Having A Good Year
From Zerohedge, http://www.zerohedge.com/news/2012-12-01/hedge-fund-november-performance Many big names are not doing fine. The difficulty of finding alpha in a messed up environment ... ...
From Zerohedge, http://www.zerohedge.com/news/2012-12-01/hedge-fund-november-performance Many big names are not doing fine. The difficulty of finding alpha in a messed up environment ... ...
2012 Nov 26
Left Over Packing Supplies
Was stuck at the Princess Margaret Hospital over better half of the day. Saw this in the hospital. The design is cute but it is not a good sign for the economy. It is a Halloween themed box for packing Tim Bits (mini donuts). Halloween is over f ...
Was stuck at the Princess Margaret Hospital over better half of the day. Saw this in the hospital. The design is cute but it is not a good sign for the economy. It is a Halloween themed box for packing Tim Bits (mini donuts). Halloween is over f ...
