tag:blogger.com,1999:blog-37433435.post6365490934124489893..comments2024-01-29T01:52:07.363-05:00Comments on Kevin's Market Blog: End Of Day Selling Hits StocksKevinhttp://www.blogger.com/profile/10858224918246729626noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-37433435.post-75674925528316071792009-12-04T17:18:29.379-05:002009-12-04T17:18:29.379-05:00The dollar is looking quite good here. Although i...The dollar is looking quite good here. Although it hasn't caused the stock market to crack quite yet (except Canada down 1% today, due to gold probably).<br /><br />KevinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-19532802678383030952009-12-03T21:51:24.907-05:002009-12-03T21:51:24.907-05:00Hi Get yourself connected,
I didn't hear what...Hi Get yourself connected,<br /><br />I didn't hear what Bernanke said today and I'd rather not listen to him. I'd rather listen to what the charts are telling me. It would be nice to get an instant 3 to 5% downside move like you said... We'll see what happens.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-48210519858469689102009-12-03T21:31:43.355-05:002009-12-03T21:31:43.355-05:00Key support for the S&P would be below this we...Key support for the S&P would be below this week's low.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-74120741791867646602009-12-03T20:26:35.699-05:002009-12-03T20:26:35.699-05:00Where do you see key support on the S&P , that...Where do you see key support on the S&P , that is if you were long , where would you put your stop ?<br /><br />Thanks<br />MikeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-43734651726172676452009-12-03T19:45:42.157-05:002009-12-03T19:45:42.157-05:00HI Ben,
You are right, December is usually a very...HI Ben,<br /><br />You are right, December is usually a very bullish month for stocks (santa clause rally) which is why I have my stops in the market. This week I've already cut my short position down in size as some of these groups began to rally out of nowhere. The short positions that have been working for me are the banks brokers and homebuilders which I will stay with until things changeKevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-61620992333391977842009-12-03T18:32:54.927-05:002009-12-03T18:32:54.927-05:00Do you think gold is in a bubble?
Will profit-taki...Do you think gold is in a bubble?<br />Will profit-taking in commodities<br />initiate the sell-off in S&P?<br />Look at the chart in BAC today,<br />it opens at high and sell off<br />all day long and goes below<br />the close of yesterday in <br />after-hour trading.<br />Today's sell-off may be a <br />bear trap if tomorrow's job<br />report is good or if the report<br />is bad, bennoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-12022100859203438012009-12-03T18:28:07.991-05:002009-12-03T18:28:07.991-05:00Could the sell off be related to the rough show Be...Could the sell off be related to the rough show Bernanke had today? If anythinghappens to that confirmation get ready for a "temper tantrum" instant 3-5% downside move. Remember what happened when TARP was voted down the first time.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.com