The past week I have been in many conversations that stemmed from European concerns, Greece default, China inflation, USA Debt ceiling, the price of gas at the pump, etc. It was uncanny the number of people who remained steadily bullish on the stock market. I shared my thesis with others and I will share it…
TJ's Take » A Global and Urban Flaneur
Tag Archives: Stock MarketOver the weekend I was in several conversations that ranged from the Debt Ceiling Government Theater, to LinkedIn stock (LNKD) being supremely overvalued but you cannot get a borrow on it (shorting aspect), to my call to short Netflix (NFLX) at $295 for a solid 16-19 points lower (pre-market now it’s $282 (note to self $280 is… I am bearish on these names as of today. I know it’s a tragesty but so be it…$ has to be made. I think this is tremendously bearish for TIF and COH (tiffany and coach).. per Doug Kass firm research … 1/5th of both of their sales are from Japan. I cannot see under any… GS Weekly Kickstart 1-31-2011 Great Research report on what has been happening to GOLD and why Egypt event may have put in a floor on GOLD for the year or at least near term. Will be interesting to see if Gold Bugs (bulls) also head to Crude now based on Egypt and with Ben Vador (The Bernake) keeping QE… Tell me something new FEDS, continue to tell me that the economy is doing better (it’s not), continue to tell me that unemployment is improving (it’s not, we are just adding 71k jobs a month, not even enough to keep up with NEWBORNS – 300k the past month), continue to tell me that we are…  Yesterday I was in two deep conversations via Twitter pertaining to (1) Head & Shoulders pattern (BEARISH) vs. Inverse Head & Shoulders pattern (BULLISH) and (2) When the S&P (spy) gets hard to borrow via the spiders or via the common on the S&P itself that indicates to expect a hard down day soon or… SPY (S&P 500 spider) 115 is the LINE TO WATCH, if we close below that it will be a freefall, if that is held on the close the Mkt can rally next week. Let’s go deeper. In the last week, we have witnessed a 1000 point intraday freefall and a 500 point gap higher in… As I’ve Tweeted on Twitter 2 weeks ago…We are in a Stock Market correction, but be prepared for a short term bounce. With the Oscillators showing slightly oversold and Unemployment #’s come out Friday, I could see some Bears covering some shorts into the number. However, if the bounce is weak, take note of that…. This was an easy dip buy week, mainly due to greed and an agenda by the powers that be. They WANTED by any means neccessary to have the DOW barely underneath 11,000 on a close today. I tweeted this late in the afternoon on friday before the last 10 minutes of fireworks when the market… On 3.10.2010 I said if we closed the week at 1150 or above it we’d hit 1170-1175 area in short fashion. Well, today we closed the week at 1178 in the S&P. Now those who have tried to short this Algo rally (low volume, dominated by black boxes / Algo’s a.k.a algorithm trading combined with… |
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