tag:blogger.com,1999:blog-8084606426992105990.post4359455550560036403..comments2023-10-29T06:32:19.009-04:00Comments on The Keystone Speculator™: Keystone's Midday Market Action 5/29/13Keystone Speculatorhttp://www.blogger.com/profile/15343512310307344717noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-8084606426992105990.post-18856486382205831722013-05-30T05:45:25.287-04:002013-05-30T05:45:25.287-04:00Also do not rule out that the top is in and the in...Also do not rule out that the top is in and the indexes simply trend lower from here forward. There are no gaps above that need filled for the SPX, INDU or RUT, so there is no need for price to move higher, although the Nasdaq, COMPQ, did leave a gap above that may need filled.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-10153505736909763252013-05-30T05:40:21.299-04:002013-05-30T05:40:21.299-04:00Sam is well-respected and his ideas are always wor...Sam is well-respected and his ideas are always worth considering. So much about trading is time frames that is why you cannot say go long or go short without identifying a time frame. In the near term, the coming days or week or two, markets appear poised for a sell off. This will likely lead to a recovery bounce, perhaps to above 1700, perhaps not. The recovery bounce may only come up to 1650-1680 before the more substantial roll over occurs. So the general idea may be a drop in the SPX down to 1580-1630 over the coming days or week or two, then back up to 1650-1740, then roll over for a long term trend lower for the broad indexes.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-27547228971699463332013-05-30T05:36:03.043-04:002013-05-30T05:36:03.043-04:00Yep, BK, you must be telepathic, the TRIN v. SPX c...Yep, BK, you must be telepathic, the TRIN v. SPX comparison is posted this morning (Thursday).Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-10575652136540770422013-05-30T05:35:20.769-04:002013-05-30T05:35:20.769-04:00Yep, that is funny, sadly, the joke in Pennsylvani...Yep, that is funny, sadly, the joke in Pennsylvania is that everyone's retirement plan is the Pennsylvania lottery. Contribute a few dollars each week and hope for the best. LOLKeystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-37140842857329331842013-05-30T05:33:43.190-04:002013-05-30T05:33:43.190-04:00It is a simplistic rule but it is always amazing h...It is a simplistic rule but it is always amazing how it often works out. You really want to see a close above the 8 level so when the SPX went into the 1680's it never closed up there. But a close above 1680 does hint that 1720's would be on tap. But it is only applicable both ways for the tight 80 to 20 move. For example, the close above 1480 led to the 1520's. So eventually, when markets retrace downwards and would drop through 1520 that would lead to the 1480's. The rule does not apply to anything from the 1580 level to the 1520 level. So for right now, watch the 1680's to see if the hint occurs to run to the 1720's, otherwise, wait for the drop through 1620 that would hint that the SPX will venture to the 1580's. The rule works for any dollar or cent increments like 8 would lead to 12, 23.80 would lead to 24.20 and so forth, or a drop through 22 would lead to 18 or a drop through 44.20 would lead to 43.80.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-10824641010711257572013-05-30T05:27:59.608-04:002013-05-30T05:27:59.608-04:00Aunt Abby and Uncle Frank made it home but the fro...Aunt Abby and Uncle Frank made it home but the front tire on the Cavalier lost air again. They will keep trying to get in touch with their financial manager today to find out what to do with the 'safe' utility play. LOLKeystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-14173224506798482342013-05-30T05:26:34.272-04:002013-05-30T05:26:34.272-04:00Nope, the AA news will likely have no affect at al...Nope, the AA news will likely have no affect at all. The downgrades typically come late and many times occur after a washing out of the stock has already occurred, which may be the case with AA now.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-4704125321245648792013-05-30T04:52:49.608-04:002013-05-30T04:52:49.608-04:00KS = kill spammers? :)) LOL!
V. KS = kill spammers? :)) LOL!<br /><br />V. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-25702132543625043462013-05-30T04:49:41.757-04:002013-05-30T04:49:41.757-04:00@ KS:
KS, what other stocks might be directly co...@ KS: <br /><br />KS, what other stocks might be directly connected with AA (aluminium producer) ? <br />Boeing? or Caterpillar? <br />Could we consider as being possible a shock wave from AA to other directly connected stocks during Thursday? <br /><br />Thank you.<br />V.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-20914274193635692152013-05-30T04:46:14.462-04:002013-05-30T04:46:14.462-04:00''Within one to two days later the TRIN sp...''Within one to two days later the TRIN spiked to 3 or higher and signaled a market bottom so hold on to your hats for the remainder of the week, it may be a bumpy and intense ride.''<br /><br />very true KS, very true.<br />the period between Thursday and first half of Friday will catch that TRIN at 2 or 3 (bottom marking level).<br />I'm ready to rumbleeee :)) <br /><br />V. <br />p.s. Hey, pssst! KS, insecticide needed again KS against bug-spammers! :) Some persons really don't understand some things!!! :) <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-72219566530451382202013-05-30T03:42:35.331-04:002013-05-30T03:42:35.331-04:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/09916892597565201521noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-22818456655861965232013-05-30T03:10:33.058-04:002013-05-30T03:10:33.058-04:00This comment has been removed by a blog administrator.rajveerthakurhttps://www.blogger.com/profile/01979734741014160552noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-15084338049491023542013-05-30T03:05:42.359-04:002013-05-30T03:05:42.359-04:00This comment has been removed by a blog administrator.falguni gyarsiahttps://www.blogger.com/profile/16458962573666840447noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-36087922470291057642013-05-30T00:36:05.721-04:002013-05-30T00:36:05.721-04:00Hey, what do you think of this...
http://blogs.mar...Hey, what do you think of this...<br />http://blogs.marketwatch.com/thetell/2013/05/29/expect-another-pop-before-a-drop-in-stocks-sps-stovall/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-2781702423824380482013-05-30T00:27:28.703-04:002013-05-30T00:27:28.703-04:00http://jimrogers-investments.blogspot.ro/2013/05/i...http://jimrogers-investments.blogspot.ro/2013/05/i-do-not-really-want-to-own-equities.html<br /><br />read this anon!<br />this is more clear than me! <br /><br />V.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-23773860037851948462013-05-29T20:09:47.062-04:002013-05-29T20:09:47.062-04:00KS, any thoughts on the uber low TRIN all day desp...KS, any thoughts on the uber low TRIN all day despite the drop in the markets? <br /><br />Thanks, BKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-3303407168100545682013-05-29T18:57:10.628-04:002013-05-29T18:57:10.628-04:00Dont worry KS, when Abi and Frank get back home th...Dont worry KS, when Abi and Frank get back home the nitrates from the hot dogs and the stress of driving the broken Cavalier will cause Fran to have a heart attack. Abi who already is suffering from several disabilities, will have to sell the car and the hot dog maker to pay for health costs and Franks medical bills. By the time they realize that their UTIl investment is down, they will be buying gold coins on TV with the pennies in the cupboard, and thinking about selling organs like they do in china. All's good. That is unless, the IRS audits them for not wishing things were different. There is always tomorrow's powerball (60 percent goes back to gov from winning amount.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-78747206939897094622013-05-29T18:33:42.073-04:002013-05-29T18:33:42.073-04:00KS, Hi !
I recall your 80s lead to 20s rule, S&...KS, Hi !<br />I recall your 80s lead to 20s rule, S&P 500 touched 1680 s and came down to these levels. How do rule apply upwards like if exceeds 80 s that leads next 20s (like 1720s) up and if fails next 20s (1620s) down?<br />serenaynoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-43428120690293461002013-05-29T18:09:39.472-04:002013-05-29T18:09:39.472-04:00V,
You are SOooo confusing!!!
You might be right...V,<br /><br />You are SOooo confusing!!!<br /><br />You might be right, or you might be wrong!!<br /><br />Very dubious - all this 5th and abc crap!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-17641789909696943122013-05-29T17:03:46.364-04:002013-05-29T17:03:46.364-04:00KS, that last post of your was H I L A R I O U S! ...KS, that last post of your was H I L A R I O U S! I am still crying tears of laughter!!! omg that was so funny!!!Arniehttps://www.blogger.com/profile/05540101332450928069noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-80729418126874804462013-05-29T16:43:19.607-04:002013-05-29T16:43:19.607-04:00That is interesting V. AA is a very attractive se...That is interesting V. AA is a very attractive set up chart-wise. The weekly is building a long base. If the markets experience a sell off it is one of the few stocks that may be a good store of value moving forward longer term. The composite materials have been eating aluminum's lunch and the main killer is the glut of aluminum in China, and now that growth is slowing, that glut becomes larger. The floor at 8 should hold but due to bad news it may be tested again. Possible entry at 7.7-8.2 which would fulfill the 80/20 rule that says the 12 failure should lead to 8. If it falls through 7.7 then the story may be bleak ahead for double A but for now, it appears attractive, lots of sideways, perhaps not gaining a lot but having exposure to limited downside.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-30641715289326996882013-05-29T16:18:44.255-04:002013-05-29T16:18:44.255-04:00Oooops!
They did it again! :)
BREAKING
marketwatc...Oooops! <br />They did it again! :)<br />BREAKING<br />marketwatch.com<br />Moody's cuts Alcoa's rating to "junk grade" of Ba1<br /><br />V. <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-46942894542135206772013-05-29T13:17:27.482-04:002013-05-29T13:17:27.482-04:00Arnie, believe me, Caldaro is dead wrong!
we now ...Arnie, believe me, Caldaro is dead wrong! <br />we now are in 'c' wave of 4th of 5th of the 3rd. <br />after entering the 1590-1620 area, we will shoot a 5 waves up impulse up to 1700-1710-1720.<br /><br />There's no 5th of 5th of 3rd now! This 5th of 5th of 3rd will start in the second part of this Friday or next Monday! It is also linked the momentum to the end-of-month moment. <br /><br />The market has to close the monthly spx 500 below the upper BB (aprox. 1622- 1625) or else it will technically signal a thing not too great for bulls(the need of reaching after that the middle-lower BB on monthly charts). <br /><br />You'll see , Arnie! <br />Or .... You'll see that I'm wrong :D! <br /><br />V. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-47813985697686615002013-05-29T13:10:48.747-04:002013-05-29T13:10:48.747-04:00from 1590...1620 up to 1700-1720 (maximum).
curre...from 1590...1620 up to 1700-1720 (maximum).<br /><br />currently we are in the 'c' wave of a-b-c of 4th wave of big 3rd.<br />the 3rd of 3rd peaked at 1687, last week.<br />now we are in the 'c' wave of 4th of 3rd and it might end in the 1590-1620 area. It can't go lower than 1590 cause it will get through the lower support line created since the apparition of up-movement from Nov'12. <br />after that final 5th of 3rd up to 1700-1720 (a simple 5 up waves). <br /><br />and that was the big 3rd that started in november 2012! :) <br /><br />V.<br /><br />p.s. All I have written here might be wrong if we already are in the 5th of the 5th of the 3rd (as some of ellioticians believe - i.e. Tony Caldaro). <br />But I don't think we started yet the 5th of the 5th of the 3rd.... I might be wrong, or not :D .... <br /><br />watch tomorrow US gdp and employment data - if there are way too good that might call some more down movement due to elimination of QE necesity... so data too good might induce the inverse effect in the markets ... watch carefully what you're doing tomorrow! <br /> Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-50324780303133273812013-05-29T12:55:11.750-04:002013-05-29T12:55:11.750-04:005th of 5th (of 3rd) may very well have failed if i...5th of 5th (of 3rd) may very well have failed if it breaks below 1636... Arniehttps://www.blogger.com/profile/05540101332450928069noreply@blogger.com