S and P has come off to make a double bottom and is a short term buy again - but probably only into the first 1 to 2 hours of the open on the back of a Facebook buying on open. The index has been artificially held up for the last two days by FB strength. Even if you have no damn interest in FB per se, you still need to know that all outcomes on Nasdaq and then the S and P depend on Fb until they fix an algorithm that's become way too out of kilter
Comments
Loremintelli
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I'm getting your notifications and I really appreciate the time you invest developing the comments. They are very useful to better understand the projected trends & helpful for connecting the dots with key market movers. Thank You !
sumastardon
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@Loremintelli, Well thank you for that information. That helps. And I appreciate what you've said. Thanks
Snerka
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You're not wasting your time. Great insight/analysis and follow your updates. Like I mentioned in a previous post, your comments regarding FB, DOW, Nasdaq and how they tie together are great. Been riding the slopes for a while with just a few moguls to deal with. Thank you for continuing to post and keep up the great work!
sumastardon
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@Snerka, Hi Snerka - thaks for the feedback. appreciate that all this work is being appreciated by someone. You have a discerning eye! BTW do you get to automatically see the occasional update comment on some trades (usually when going wrong) ? If not I'm wasting my time doing those updates and will have to write another comment...just would like to know how this website really works...so do you get some kind of update alert if iI send one out, like here, at the bottom of the original comment??? Be careful tomorrow and Friday. If 2638 fails on Dow Global we're in for a hell of a ride by the look of it - probably 9% from here to fall if and when we see that break, but calling it down in 3 stages as per comment. Good luck.