SHLD..can't trust the 200 day weekly...
USD is so weak, making imports really expensive, and so how can SHLD pass on any savings to YOU...they can't...they'll have to bleed you this x-mas ( just to pay their mortgage)...
i think $HUI can make it to $460. that's the next logical price channel, that's trying to set up.
HUI has a $90 price channel, that's pretty darn consistent...
so another 5% higher and its at $462..which coincidentally is CRUDE OIL target of $100...at $94 ish now up another 5% up or so = $100...hmmmmm
HERE'S COT but it's last week's figures, ( same as this week's figures) so i'm probably useless at using COT, for any direction AT ALL
SO MY GUT SAYS
I don’t have any technicals but i think the banks are going down some more on Monday, which means SPY is probably going down. I think what’s key are the DOW futures tonight
DIA closed with a bull candle.
bull candles never engulf.
They either add to the last close, or they retest down to the bottom of the candlestick. So they are extreme 50/50....
if the DOW futures are up, then the next candle will be white, and vice versa, if the DOW futures are down, then the next candle will be red
nov 2, 2007
DOW should go up next week, propelled by a slight recovery in the USD. That should help financial stocks. Oil prices may back off a little.
QQQQ looks like it’s going to a new yearly high, so now might be a good time to buy some beaten down tech, XLV stocks
S & P shows slightly bullish, which indicates, probably finacial stocks have bottomed short term
VIX is a short sell
So all in all next week will probably be sure and steady, as the market climbs higher against the recent wall of worry
Bonds – long
Treasuries – short
GOLD is three to one short
2k long 7k short ...change in open interest long up 300, short down 700.. so gold might be volatile to UP... i need more experience on gold...that’s why i go to KITCO
DJIA SLIGHTLT SHORT to nuetral...commercial long short tied, change in open interest commercial tied
MILK LONG 25,416 24,766
CATTLE LONG 129,114 114,812 2,425 -2,182
CANADIAN DOLLAR, change in open interest very bullish 4k long minus 1k short, commercial
MEXICAN PESO is bearish
BRITISH POUND STERLING is bearish to nuetral
JAPANESE YEN SLIGHTLY LONG
USD is rebounding next week, which means DIA rebounding next week
COMMITMENTS slightly bullish... 29k long 7k short, commercial..open interest change = 10 to 1 favors the bulls, non commercial is the exact opposite.. so USD slightly BULLISH...
S&P 500 STOCK INDEX bullish 459k long 407k short...changes in open interests 3.2k long added...2.4k short added = totally bullish, looks like a cup and handle breakout in S&P next week, or some such
NASDAQ-100 STOCK INDEX total bull session rally 34k long and 28 k short and open interest changed 3.2k long added and 0.7k short added thats a 4 to 1 victory ...bulls over bears
RUSSEL 2000 STOCK = IWM
RUSSEL 2000 STOCK slightly bullish , long
NIKKEI STOCK AVERAGE long 2 to 1 , open interest is mixed signals
S&P GSCI COMMODITY = 70% oil is extreme bearish
VIX is extremely bearish 43k long and 47k short change in open interest is nearly three to one bearish...but doesn’t show any new lows, so market is probably slow and steady up ...
SILVER short 3 to 1
NO. 2 HEATING OIL is collapsing
NATURAL GAS stays in a tight channel, but very volatile
CRUDE OIL, LIGHT SWEET = now new highs next week, slightly bearish, but trading will be volatile...comercial 150k long and 163 short, non commercial are totally bullish, i might be reading this wrong....non commercial is throwing up bull flag... but then look at WTI OIL is bearish
WTI CRUDE OIL..is bearish to totally bearish 62k long 56k short but open interest changed 10 to 1 bearish minus 0.6l long and 6.4k short
GASOLINE BLENDSTOCK (RBOB) slightly bearish to extremely bearish 106 long and 168 short and open interest non commercial shorts five to one favorites
NOVEMBER 2 2007 ADDITIONAL WEEKEND ADD ONS
BY SUNDAY NIGHT SHOULD HAVE LOTS OF CHARTS UP
COT REPORT WILL STAY ON TOP
XLF...EXTREME BULL BUY SIGNAL AT THE XLF 200 DAY WEEKLY = 31.0 === BUY BUY BUY XLF AT 31.0
I have a great chart on XLF
And trader bean has a great chart on C
between the two charts, i just don’t see how you can miss out on profits buying either one, next week
Forget 2007 CRDN
Here’s 2008 CRDN
Ceradyne forecast sales in a range of $780 million to $1.067 billion, and earnings in a range of $5.60 to $6.65 per share. Wall Street analysts are expecting sales of $815.7 million and earnings of $5.48 per share.
BUY THE CRDN DEC 65 CALL and sell in DEC...
Somebody bought a 170,000,000 shares of QQQQ ...
I thought that was the way to get your attention
QQQQ going to 56.8 next week...It’s right there in the COT report for anyone to see
Go here to
F8’s site...and look at the bollinger bands
SPY upper bollinger is 159...COT says SPY will try for 159 but fall a little short..so SPY makes it to 157/158Qqqq reaches 56.8 easy, next week ... go to f8’s ( fortune8) site and see the chart for yourself