The Official Trading Thread
- Thread starter mGrunin
- Start date
Death cross is when MAs cross over trending down golden cross trending up. . . never heard that terminology but from what he circled that's what that it. you would have to be more specific on. . . .etc.
T Bonds / T Notes gapped up, Dollar index gapped down near it's yearly lows. I'd be wearing my asbestos underwear if you are long and these gaps fill.. corrective ABC down yet to complete..
catching the falling knife trying to long it imo unless you're in and out in the same day.. the signs are there across the broad market that momentum is shifting to the downside. I'd stay clear of over night longs..
and then of course, there's the magnetic 61% , sitting nicely at the top of the gap.. if that goes... shit hits the fan..
Good pop on Apple today. It opened a few dollars lower at $447.50 today but within 15 minutes ran right up to $453. The pivotal level I spoke about yesterday. It consolidated there for half an hour and moved higher. High of day at $459.71; currently at $457.80.
bearish still overall though.. the only (short term) saving grace could be it will be tempted into filling the gap above, before impulsing down lower..
Keep in mind that the iPhone 5s preorders begin this Friday. We should hear the numbers on Monday. Those numbers will set the stage for the rest of the week until the phone is actually in stores. Bad numbers, we will probable go to trade in the $430's. Good numbers..well we can regain $480.
the price will bounce around, but the market always looks ahead.. unless there is a shock, any numbers will be priced in and trend already underway..imo
True, but right now Apple's action is pricing in poor numbers. So good numbers will be unexpected and will probably come with an overreaction to the upside. If the sales figures come out below street expectations, then downside is definitely more limited since we have already priced that in.
Looks like the iPhone 5s will be available in limited quantity for the next few months. Sounds like majority of new iPhones being stocked will be the 5c.
Carrier Sources Say iPhone 5s Inventory on Friday Will Be "Grotesquely - Ina Fried - Mobile - AllThingsD
Yes, agree.. good numbers would be the shock I was on about.. however, I think upside could be limited, if the markets turn from around here.. I follow Treasury notes and bonds futures closely, amongst other things. Very rarely do you see them gap in the reverse direction from a low, without continuing over the coming months. Both notes and bonds gapped up from Friday. If they head towards some resistance areas of 2012, 2011 levels, we may see a well overdue correction in stocks before the santa rally.