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QIII - SHORT-TERM SENTIMENTS |
rffrydr
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 Posted: Fri Jul 08, 2011 4:37 pm Post subject: QIII - SHORT-TERM SENTIMENTS |
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Nice fill of yesterday's gap open. Market does abhor a vacuum indeed.
Woke up late this morning, out of town. Saw Dow down 127pts/bad jobs. Later saw the numbers: should have been easily down twice that. And then we get a rally! That's the best measure this market was seriously short of stock a couple weeks back.
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QIII - SHORT-TERM SENTIMENTS Replies |
rffrydr
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| Posted: Sun Jul 31, 2011 6:16 pm Post subject: |
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From the broker:
| Quote: | The earnings season is slight more than half over, and it will take a few surprises to shift sentiment. As of
Friday morning, 331 companies in the S&P 500 had released earnings. 237 or 71.6% had posted a
positive surprise, while 59 or 17.8% had recorded a negative surprise. The spread of 53.8% is in neutral
territory and with concerns over the economy decelerating the spread is providing limited support to the
equity market. Furthermore, the percentage is the lowest since the start of the season on July 11th.
Positive sales surprises have totaled 65.2%, while negative surprises have totaled 20.3%. The spread of
44.9% is elevated to recent history. |
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dash
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rffrydr
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| Posted: Tue Jul 19, 2011 6:49 am Post subject: |
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Wall St. Journal just put out an article on the "head-and-shoulders top" in the S&P. 
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rffrydr
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| Posted: Mon Jul 18, 2011 9:41 am Post subject: |
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BA gapping down below 200dma, can't be good. CAT and XOM holding up just fine. Banks continue to drag as eurobanks reach back to sping 2010--while their debt seems to holding well above. Trichet has at long last constructed a scenario whereby (his own) debt goes to the barber. In the (very and bitter) end he'll not be remembered for rate management but has the money printing (debt buying) frenchman he always feared.
Buying Chrylser debt here. Willing to play the no more recession bet but not the bank bet here. 1300 SP supports that. 1245 don't. Finance finally threatens to bloom into a thousand-million lawsuits--one thing the stimulators handled well in '09.
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rffrydr
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| Posted: Tue Jul 12, 2011 7:49 am Post subject: |
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Took our jobs reaction on italy euro-crisis de jour. Italy's bond auction went off well enough. For once market is up against a real country. I'm wrong big time if it doesn't stop here but eurocrats only act in-extremis. Look for eurobond in temporary form as a nation is formed--by hook and crook. Bought Fiat last night.
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