tag:blogger.com,1999:blog-37433435.post7117328946303733810..comments2024-01-29T01:52:07.363-05:00Comments on Kevin's Market Blog: Stocks Recover And Close Up On The DayKevinhttp://www.blogger.com/profile/10858224918246729626noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-37433435.post-57376794417841256482010-05-26T23:39:04.685-05:002010-05-26T23:39:04.685-05:00what do you think of AMR as a long candidate?what do you think of AMR as a long candidate?Larry Arndthttps://www.blogger.com/profile/10619991912089326987noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-9828778112507405982010-05-26T12:10:39.442-05:002010-05-26T12:10:39.442-05:00I'd rather wait for a dollar break out before ...I'd rather wait for a dollar break out before going short.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-76775400001979663612010-05-25T23:35:13.884-05:002010-05-25T23:35:13.884-05:00The indices do not give a true open which is why t...The indices do not give a true open which is why the candlestick formation will look different than an ETF which does give the correct open. Remember, candlesticks are based on the open to close relationship. <br /><br />A few years ago I did a post regarding this very topic.<br /><br />http://kevinsmarketblog.blogspot.com/2007/01/dia-or-indu-which-to-use-for.htmlKevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-1958647406880749012010-05-25T22:59:09.862-05:002010-05-25T22:59:09.862-05:00RMD,
I agree. Many of my sentiment indicators show...RMD,<br />I agree. Many of my sentiment indicators show extreme bearishness (in every asset but USD or gold) not seen since March 2009. This combined with dollar topping and euro bottoming is a good bet on long side. Not sure of target as we may get lower high this time.<br />JackAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-85854852748197995522010-05-25T22:38:09.224-05:002010-05-25T22:38:09.224-05:00Interesting comment by editm2002.
I checked and $S...Interesting comment by editm2002.<br />I checked and $SPX shows a bullish hammer while SPY doesn't. Similar with $USD showing a bearish shooting star while UUP doesn't. I use SPY, UUP, FXE, etc to see the changes intraday on stockcharts, but they give different picture compared with index.<br />Any comments?<br />JackAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-14495858398783332662010-05-25T20:39:28.159-05:002010-05-25T20:39:28.159-05:00Hey Kevin. I'm really appreciating the expans...Hey Kevin. I'm really appreciating the expansion of your blogging efforts recently. It's a crazy market and TA gives us a great lens to make sense of it all.Steve-ohttps://www.blogger.com/profile/07114689660156196331noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-85686579677720305712010-05-25T19:30:29.808-05:002010-05-25T19:30:29.808-05:00The Euro rules the markets in these days, Kevin. W...The Euro rules the markets in these days, Kevin. We may not get any substantial bounce at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-32952169162867202352010-05-25T18:23:34.710-05:002010-05-25T18:23:34.710-05:00I look at SPY because it gives a more accurate rea...I look at SPY because it gives a more accurate reading of the opening. Most indices open at unchanged and then once all the components of that index open, the index will suddent move sharply. SPY for example gives an accurate reading right off the open.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-3211151698172097442010-05-25T18:16:31.083-05:002010-05-25T18:16:31.083-05:00yes .. . I'm wondering where the most traders ...yes .. . I'm wondering where the most traders are "caught" .. . on the long side or the short side .. . (I imagine the shorts were caught today)<br /><br />since there is still a ton of bearishness, we could see a nice rally from here ...RMDhttps://www.blogger.com/profile/08625944233681296812noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-21446910291317861662010-05-25T17:39:03.738-05:002010-05-25T17:39:03.738-05:00Hi Kevin, I'm a bit new to charting, so I'...Hi Kevin, I'm a bit new to charting, so I'm curious why you look at SPY instead of the S&P index directly? The candle on the index today looked like a hammer to me which would be much more bullish. Thank you.Anonymoushttps://www.blogger.com/profile/06965736563405490242noreply@blogger.com