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$SMOKESIGNAL - Daily Market Comments
Blog description: Markets-Economy- etc etc
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Wednesday, September 08 2010 - 05:05pmposted by: TradingChief
US markets trying to break out TSX coughing here.
From yesterdays post [quote]In this case ATC owns it all for miles, in some cases 100s of miles. So there is no staking rush, so, they are allocating the value to ATC. Because of last week we are gun shy on the shorts so have proclaimed a paper sh...

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Tuesday, September 07 2010 - 04:41pmposted by: TradingChief
What a difference a week makes
REEs just running wild. So doing well this week. That can change in a flash though lol DOW low was 10332 Right shoulder call was 10314-41 we hit 10332 and closed 10340. So the right shoulder is in now they have to show some sort of consolidation o...

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Monday, September 06 2010 - 07:41pmposted by: TradingChief
Glad that week is over with
Bad week for me. I added my own little touch to ALGO. ALGO said Aug 31 was last day of problems. I enhanced that call with some FA, that was, all the things that could go wrong last week. So I extended ALGO end point to Friday. The rest is history, l...

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Thursday, September 02 2010 - 09:23pmposted by: TradingChief
Tomorrow is simple
Sep 3 8:30 AM Nonfarm Payrolls Aug -106K Sep 3 8:30 AM Nonfarm Payrolls - Private Aug-10K If we are markedly higher than 106K lost jobs, then market will drop. If we do not create private jobs we will drop. So its all about the numbers. Tomorro...

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Wednesday, September 01 2010 - 05:30pmposted by: TradingChief
Argghhh what can you do!
We said yesterday: [quote]The longer we do not plunge like ALGO predicted, the least likelihood of a plunge, eliminating the plunge means the needle will be a BIG up. How big? Well since ALGO warned of "Beware the end of August" we have dropped 95...

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Tuesday, August 31 2010 - 06:00pmposted by: TradingChief
Treading water
Strangely, both Consumer Confidence and the Schiller number was better then expected and the market really never moved. Thats because the volume is so low and the peeps participating at the moment just can't move the needle. So this is a good sign, n...

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Tuesday, August 31 2010 - 09:14amposted by: TradingChief
A Clue
The markets are expecting the annual influx of market buyers after the labor day weekend. So will set up for it. The best way to capitalize on this, is to walk the markets down and then buy the end of week when the volume is at its worst and volatili...

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Monday, August 30 2010 - 05:01pmposted by: TradingChief
Headaches giving me a headache
It cost me again to have to leave this afternoon. We went where we thought we would go, 1052 and then some. This is a shortened week for the US and Canada as Next Monday is a holiday. Everyone is expecting weaker numbers all this week. Including the...

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Sunday, August 29 2010 - 08:28pmposted by: TradingChief
Excellent pop on Friday
on Bernankes commitment to do everything possible to prevent a double dip? Caught me totally off guard because I was short when I left at noonish. I thought 1056 may be possible at worst but they carried the day and forced the hand of the shorts a...

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Thursday, August 26 2010 - 04:32pmposted by: TradingChief
Think 2001 Space Odyssey
music in the background, drums banging, were almost at the TA-DAAAAAAA moment after that Drum beat lol Market following ALGO almost to a tee, Popped to pivot, tried to get momo, on a feeble UI number, and sold off into the afternoon as we suggeste...

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