Power index on May 4th did not show up as a high like we just saw
It did PREVIOUSLY ((and still does to some extent))
showed as a high on the 7th, holding on the 8th as I previously described
However,
Now that we have what looks like the SPX 909 HIGh that I mentioned for May7th,
We NOW have it on May4th, THEN COMES the old question **ARE WE THERE YET?
Mao said yes, and we thank him for his input- first time we have seen his comments
Please join in whenever you wish.
PROPENSITY index is sometimes hard to get a FIX on it over a wkend for Monday trading.
But now we can re align our outlook as that index NOW seems back in alignment
and is declining from 3019 as of the CLOSE of May4th to 3000 on the open of May6th
Also re aligning a look at the power index
shows a high on the 4th @ 450 dropping to 350 on open of the 6th
THEN bounces to 375 during the 6th & closing back at 350
Now we come to the 7th again.
its a BRADLEY date and that usually offers a high or turn, and this one could be both
the power index JUMPS to 450 mid day, then falls back to 350 by the close
8th shows a substantial decline is possible as the index continues lower to 300
thats as far as that one goes for now
Futures are heading lower this AM, and according to the PROPENSITY index
the mkt should go into a steady decline today and open lower tomorrow
WE ARE NOW PAST Astro that had a Sun 120 Saturn early this AM as
mentioned b4 + an inverted midnite low tide.
Astro is now leaning toward negative lunar aspects today into 10:12 tomrrow AM
which matches the power & Prop index readings
Since the 7th still has some potential to runup During the day,
we might consider covering shorts on the 6th, and re entering on that runup on the 7th.
as mentioned b4, THIS Full moon seems to be reading restrictive and confrontational
then
Astro for Monday May11th - 13th appears to have a steady menu of hard aspects,
and thus could setup a tradable LOW with a midnite inverted HIGH tide
More Later
Jay
9am Tuesday
PS, thanks for your support during times of question
Stress test results due on Thursday
A little LUNAR-Gold followup
ReplyDeletelow on4/17 @ lunar 90 sun
low on 4/21 on lunar 45 sun
@ 866 intrday low
____________________
4/24- 913 high on new moon =0* @ 913
_______________
5/1- 886 low on lunar 90
________________
5/4 904 high on lunar 120
5/5 915 lunar high at 8am on moon 120 Merc- hmmm not the moon
________________________
NEXT
5/6 lunar 150
5/7 lunar #
5/8 lunar 180 = full moon
5/11 lunar 150
5/12 lunar 135
If the full moon finds the POG lower than 866, then we might consider that a low, but if still above , we might want to look
for the 11th or 12th for a lower value
????????????????
Jay
So is May 5th still a pivot for a big rally the next few days? Seems like your timing's way off this time. The low you were expecting yesterday was actually a high. If you're still expecting more upside, what do you think of a 918 target high?
ReplyDeletex
x, maybe im missing it but
ReplyDeleteMay6 & 7th were supposed tob e higher at max 909 given a 5/4 sell off and 5/5
low
Now it looks like a 5/6 low
but 5/7 ONLY intrday high with late failure
5/8 choppy but biased lower
5/11 BIG DROP
5/12 bottom and start new uptrend on 13th to 18-19th, maybe as high as 940
Hope that helps
Jay
Jay...Keep up the good work..
ReplyDeleteNo one can be 100% right all the time
I enjoy reading your BLOG Eric
Sounds good Jay,
ReplyDeleteThanks for the up-dates.
Pauline
May 5th internals & pc ratios
ReplyDeleteare indicating tomrrow should be DOWN
Jaywiz index is a 10, and I havent seen that it that low since Jan 7th.
CBOE pc = .66
oex pc = .97
Spdr = 1.11
spx 500 = 1.09
Today, just as Mao wrote, was up a little this am, making the Bradley come true also
Jay
I respect your analysis, but tomorrow looks up according to what I'm seeing. At best, it's another sideways consolidation day. Financials are not done going up and they will lead the way. imo.
ReplyDeleteptg
Any of you ever think that maybe the market is currently being goosed higher on fumes by the mutha effin crooks because they've actually succeeded in convincing the retail dummy to wade back in again, even if it is ever so slightly. Trying to make forecasts with regards to specific dates is impossible when you're playing a rigged game. This game is all based on greed at the moment and the same old crooks over at the nyse are getting away with highway robbery as usual.
ReplyDeleteThe bottom line is still the same. New inflows are still new inflows and they can't resist trading against the slower dumb money, who can blame them right? And of course they wanna keep it trickling in so they have to paint their rosy picture long enough to hold things up and make it appear safe to get back in again for as long as the sheep are willing. Cnbc is doing a great job at facilitating the thievery as usual. Same game is being played again, just new suckers learning the same age old lesson for the first time. Cheers!
Jay -
ReplyDeleteYour last 2 comments listing the forecast for a week out really helps me, an IT trader & investor.
I'll never be a day trader (or maybe it should be called an hour trader), but getting info further out is really appreciated.
I also like forecasts of a month or more as well.
Thanks for your splendid work.
Steve7070
Jay, You might just be right on target for tomorrow.
ReplyDeleteI found this headline this evening...
"Tue, May 5 2009 at 9:14 pm
Bank Of America Needs A Whopping $34 Billion"
This alone should shake the market tomorrow for sure, already the futures are down strong.
Looks good,thanks again,
Pauline
futures are down sofar. Great work Jay et al. Let's hope it falls enough to make some money on the shorts tomorrow. I get this feeling looking at my work we'll have to cover sooner rather than later tomorrow. We'll see.
ReplyDeleterickybobby
Check out Cris Carolan's Dow Soluner model.
ReplyDeletehttp://carolan.org/
rickybobbby
We maybe heading to an exhaustion of sorts 950 was the high this year McCellan oscillator is a nice chart to look at above 70 and you can go short
ReplyDeletehttp://stockcharts.com/c-sc/sc?s=$NYMO&p=D&yr=1&mn=0&dy=0&i=p29831365730&a=145008465&r=663
I quit! I'm going into the porn industry. Better money and more fun!
ReplyDeleteKathy
Kathy
ReplyDeleteI hear your pain
Hold on to your shorts
rewards are coming Monday
bulls right now are in distribution
They want you to think youve been left behind, but they will be selling into the rallies all the while convincing you to BUY
Yeh
Porn is much more simple, and from what ive seen, maybe more fun, but its still WORK
more later
Jay
Hey Jay,
ReplyDeleteYou're being played by the trashy hedgefund shills who've been increasingly infiltrating trading blogs all year. My best advice to you is to stop responding to them. Just post your opinions and don't give them feedback bc you're giving them exactly what they're getting paid to seek out.
Or come to think of it, maybe you already sold out to the hedgies and now they're using this blog as another one of their tools. Disgusting thought I know but never trust anyone who's willing to freely give up their edge.
Your timing's a bit off and timing is key. Like I said, financials were a buy yesterday. Bought FAS at yesterday's close and loving it. Financials are not done yet. XLF may break $13 today or tomorrow and markets get dragged along w/ it. Today was an up day so all dips in any sector should've been bought. You may get your down day tomorrow.
ReplyDeleteptg