Thursday, August 4, 2011

Ouch!

DJ - 30 Weekly
  • If There Is A Real Real Bad Jobs Number Tomorrow = Watch Out
  • Support Near 11,300
  • The DJ Bear Fork Is Saying The Number Will Not Be That Bad
  • However S&P Bear Fork Says Different
SP - 500 Weekly
  • S&P Bear Fork Saying There Is A Strong Chance 1100 Will Act As Support
  • Tomorrow Should Be Another Fun Day For The Markets!
In The End
  • Most Likely Will Be Some Kind of QE3
    • Could Give The Markets A Pump
  • It Is All About The PIIGS "Portugal, Italy, Ireland, Greece and Spain"
    • Sooner Than Latter One Of Them Will Bring Down The Euro
    • One Falls = They All Do
  • Time To Be Safe & Smart With Money
  • More Crack Does Not Help A Crack Addict 

AAPL Hit A Top?

AAPL - Weekly
  • AAPL Hit The Top of The Bull Fork At $405
  • With Weak Consumer = Weak Apple
  • Break Below $350 Would Start To Be Bearish
  • iPhone 5 Will Give The Stock A Boost Next Month
    • Could Break Out of The Bull Fork
  • AAPL Leads The Market, One Stock To Watch

EEM Update

EEM
  • Hit 100 DMA
  • Should See A Small Bounce At $42.60
  • Break Above $46.70 Would Be A Sign of Life
  • EEM Will Lead All Other Markets

Update DJ-30

DJ-30
  • Mid-line Broke
  • Could See A Bounce At 11,315 
  • All About Europe! 
  • Could See A Big Bounce Come QE3
    • Will Give A Short Rally
    • In The End, We Have To Pay Up
  • Could See A Bounce Tomorrow If Jobs Report Is Not REAL REAL BAD
    • If the Number Is Red = WATCH OUT
    • More Likely Will Be Red Next Month
  • HAVE STOPS IN PLACE!!!!