Coming Weeks View on Stock Market!

[john_for_u80]

Here is my view:

I think there will be small rally next week due to very negative reading on Short term Oscillator: 8.2 (short week due to July 4th)!
People will then start closing out position before Long weekend to lock in profits. Funds will start moving out due to end of the quarter!

After we come back from Long weekend sell off will continue due to no new buying pressure. VIX might go up. More or less the same thing will happen what we saw during Christmas 2007 & 2008 New Years time.
Then there we go.....rally!

Don't be fooled by next week short rally. Buy good stocks on Monday with a stop loss and sell them before Long weekend. Save the cash and load up when time is right.

If you are a bear: Rethink, If you are a bull: Rethink!
Market will try to confuse you and that is what we want...panic!


Forum Members and Gurus, please contribute your views.

[cramerica1972]

Here is my view:

I think there will be small rally next week due to very negative reading on Short term Oscillator: 8.2 (short week due to July 4th)!
People will then start closing out position before Long weekend to lock in profits. Funds will start moving out due to end of the quarter!

After we come back from Long weekend sell off will continue due to no new buying pressure. VIX might go up. More or less the same thing will happen what we saw during Christmas 2007 & 2008 New Years time.
Then there we go.....rally!

Don't be fooled by next week short rally. Buy good stocks on Monday with a stop loss and sell them before Long weekend. Save the cash and load up when time is right.

If you are a bear: Rethink, If you are a bull: Rethink!
Market will try to confuse you and that is what we want...panic!


Forum Members and Gurus, please contribute your views.john,the market will go lower,too many shoes left to drop..prime loans are in trouble,credit card debt,alt-A loans are in trouble and dont forget the ARM's that are due to reset over the next 2 years,our economy is on life-support right now and we arent far from the tube being pulled!!!!!8O we need to get back to the basics in this country.........also need common sense.ALSO,the era of easy and fast money is over for good(except in commodities).

[wallstreetsedge]

i think today was a significant day... the market looked extremely oversold, but the push up 70pts and the fall back knocked it out of oversold territory.. the chances are good that it continues downward a little more to restest 11,2.. id probably say 89%

if it breaks through 11,2 then i think we're in for a big correction of another 13% down

[aiki14]

Today (tues) really is a key day in that it is the first day of the quarter. The way things ended monday is disconcerting, but we could see a bit of early buying as the mutual funds rebalance. I will be looking at volume again as we need it in one direction or another to confirm or refute the trend. This low volume slow bleeding could go on for a while and run slowly down to 10,700, or we could see a bear market rally the next couple days and then a big slide.
The Nikkei basically mirrored the DJIA in tues trading to finish just below open, and Dow/S&P/NDAQ futs opened near FV.
Slow news week isn't gonna help either.
I might be looking at VIX straddles at this level if the price is right, I think were pretty close to the middle of it's recent range (1yr)

[cramerica1972]

i think today was a significant day... the market looked extremely oversold, but the push up 70pts and the fall back knocked it out of oversold territory.. the chances are good that it continues downward a little more to restest 11,2.. id probably say 89%

if it breaks through 11,2 then i think we're in for a big correction of another 13% downthat means that my JAN. prediction of 10,000 may come true:confused2:

[numbers]

that means that my JAN. prediction of 10,000 may come true:confused2:

It's very likely. I'm thinking it'll go to around 10k-10.5k by the end of the year.

[englishman26]

10,800 certainly looks like an important level now. Even when the dow rallies it is on low volume and it leaves most stocks behind. Commodity stocks have become volatile rather than just going predictably up. Everything else is even harder to predict.

I have to say, I'm pretty confused at the moment. I've made some bad picks in the last week/month (in both directions) and I'm close to throwing in the towel and taking a break. :frown:

[wallstreetsedge]

bounced right off of my prediction of 11,2... i think this week we see 100pt swings and closes within 15pts of flat

[john_for_u80]

10,800 certainly looks like an important level now. Even when the dow rallies it is on low volume and it leaves most stocks behind. Commodity stocks have become volatile rather than just going predictably up. Everything else is even harder to predict.

I have to say, I'm pretty confused at the moment. I've made some bad picks in the last week/month (in both directions) and I'm close to throwing in the towel and taking a break. :frown:

Stocks which are working are working:
Nat Gas: HK, CHK.
Coal: MEE, ANR, BTU.
HAL
Look at the chart of BTU & HAL, they are trading in a channel where you can get a chance to get a good entry and sell when it goes high on upper end of the channel.

Best bet is to buy the stock which is trading in the squeeze and that too when it on lower end of the squeeze(with a stop loss if stock breaks down of the squeeze) and sell when it reaches upper end!

Be careful when you trade. Keep a good stop loss. Market might rally for a day or so but we go down. Let Ultra shorts like SKF pulls back if you wanna get in and also let S&P rally so that you can load SDS. (Triple bottom breakout after a short rally is for sure).

Steel sector and Ags are pulling back.

Trade with few stocks but strong stocks with a stop loss. Buy SKF, SDS if you really get a chance to get in.

Never forget SKF, SDS & DXD in bear market!

Concentrate on saving money, lowering your risk than making money. Money will come by!

[wallstreetsedge]

i really wouldnt look into skf... theres been some pretty hefty buying on most financials down at these levels

if youre looking to save money... junk bonds wouldnt be a bad place to stash the cash either... if you compare all debt instruments, junk bonds are trading at insane discounts vs the rest.. so they can be great plays for income and a little bit of growth as well

[englishman26]

Just 200 points more to go to get to that 10,800 level. Or are we headed to 9000 now!?

[john_for_u80]

Just 200 points more to go to get to that 10,800 level. Or are we headed to 9000 now!?

VIX nearing 30. I think we bounce off from 10,800 then head back lower

[jrobbins]

This market is shortsellers' paradise. Most airlines are now penny stocks except LUV. WB at $11, NCC at $4 ... never thought I'd see this in my lifetime. :beerglass:

10,700 - 10,800 likely... back to July 2006.