tag:blogger.com,1999:blog-37433435.post1299204405971674365..comments2024-01-29T01:52:07.363-05:00Comments on Kevin's Market Blog: Stocks Head LowerKevinhttp://www.blogger.com/profile/10858224918246729626noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37433435.post-79952161094306209952009-11-19T20:32:03.396-05:002009-11-19T20:32:03.396-05:00I think the new year will bring QE 2.0 and MBS buy...I think the new year will bring QE 2.0 and MBS buys on steroids, so the melt up should be intact into 2010 as the dollar trends down. Withdraw that crutch, and, well, there is a monster gap down for most any asset out there. Guess which way the government will trend?EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-7798285146468891672009-11-19T19:59:08.563-05:002009-11-19T19:59:08.563-05:00Anything is possible that's why I always trade...Anything is possible that's why I always trade with protective stops.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-14177251413473277972009-11-19T19:35:22.888-05:002009-11-19T19:35:22.888-05:00Kevin,
Although my indicators agree with you abou...Kevin, <br />Although my indicators agree with you about the market heading lower, I'm looking at the consolidation of the dollar (I look at the EUR/USD) over the last 9 days. I could very well break to the up side and pressure stocks and commodities upward. What do you think?<br /><br />SJGSJGhttps://www.blogger.com/profile/15052995535796649536noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-24150417156910610222009-11-19T17:29:06.418-05:002009-11-19T17:29:06.418-05:00e-mini (S&P futures) also show
an island rever...e-mini (S&P futures) also show<br />an island reversal on the 60<br />minutes chart, but the stochastic<br />is approaching oversold condition.<br />There is a volume spike on<br />up tick at the end of today,<br />which I am not sure what it means.<br />Where do you think the S&P will<br />find support (you mention 1040).<br />The conventional next support is<br />1060. Tomorrow is bennoreply@blogger.com