Thursday, June 7, 2012

Key events from June 8 to June 19

Keep in mind these dates

Wholesale Inventories
 - June 8, 2012 - On 6/8/12, Wholesale Inventories will be released.  This will also be a major stock market mover.

Retail Sales - June 13, 2012 -  On 6/13/12, Retail Sales will be released.  Any tick up in Retail Sales would be huge for the stock market right now.

Opex Week ending June 15

Elections in Greece - Greece will hold new elections on  Sunday, June 17, 2012.  This is probably going to be the biggest world stock market event of the summer.  Alexis Tsipras, Coalition of the Radical Left , could end up winning.  His promise is to throw out the Greek loan agreement signed in February.

FOMC Meeting - FOMC will meet June 19, 2012 and give an announcement on June 20, 2012 - This will be a huge stock market moving event - Listen for any chatter on QE3

Thursday, April 5, 2012

s&p


T-3 is short with a triple fence ‘stop reverse’ at 1402.50 right now.

Wednesday, April 4, 2012

What next ?


If the top is in, there are 3 possible patterns that are very likely.
#1, SP futs. drops down to 1270 to 1320ish and then rallies back up. That is why we need to watch those support levels.(1292.80 and 1266.11 cash~ spx)
#2, SP ignores those support levels and drops to 1100 + or - and puts in an "X" wave base (maybe near July 4) that it can begin to build from again. Possibly going all the way back to 1420 to 1550.
#3, SP has finished the "B" wave up and will drop approx. 875 points to a level where the "c" is near equal to the decline of the "A" wave. This one will give us a target near 550 SP cash.

Elliot wave is a theory

It is a theory that works in all spheres and all fields. Let us prove it. This is a blog by a small team of authors. You are welcome to post your comments.