Friday, December 26, 2008

Attraction Points(Apoints) COMING UP

Anyone who is not comfortable with longs has a chance here to protect , partially protect and/or get out of it at the futures and or premarket SDS.
I still favor long over short Until the 853 level is broken down, but have protected myself as reported before.


870 869 868 865 $spx
875 876 877 880

29.10 29.07 29.02 28.96 qqqq
29.23 29.26 29.31 29.37

90.407 90.337 90.223 90.083 jpy
90.703 90.773 90.886 91.028

1.068 1.067 1.065 1.063 chf
1.073 1.074 1.076 1.078

866.34 864.84 862.40 859.38 es
872.67 874.17 876.60 879.63

844.80 843.25 840.73 837.61 xau
849.80 851.35 853.86 856.99

44 comments:

John said...

Boris,

Good morning

Ice storm in chicago, many traders will either be late or not be able to get to work. They even closed some interstate highways, supposed to warm up in the next few hours.

old john

boris said...

Dear John,
That is terribly bad condition out there.

I am glad I am not in there now(:-

Good for you getting out soon.
GOod Trading My Very Dear Friend John

John said...

Boris,

I am used to it. Trading may be affected though

old john

boris said...

I would be careful if this market prints below 866.50 EMINI.

GOod Tradng

אנטי-סופיטליסט said...

Good morning gang, John we have no snow or ice here at all, actually they are calling for 65 degrees here tomorrow. The good thing about moving to az john that you won't have the bad weather to keep you in front of the computer to trade. I wish we could just get a good washout so I could buy some etf's and forget about the markets for a while. If the S&P would get down to the 5 to 600 level I would back up the truck on the etf's and go play for a while. waldo.

אנטי-סופיטליסט said...

By the looks of the volume no one showed up today to play. waldo.

boris said...

Dear Waldo,
I do not think probability is high for new lows in this market any time soon. A lot of people would back up the truck at 600 SPX.

I do not think it is coming for that reason, this time.

It could very well come for 2011-2013 period though

GOod Trading Dear Waldo.
Yes no volume at all today

GOod Trading

John said...

Waldo,

Many of the traders downtown in chicago could not make it to work. They shut down expressways, interstates, etc.
It is warming now and should be just wet in an hour or so.

old john

אנטי-סופיטליסט said...

Boris, I cannot play all of the 57 obama picks so my question is are they listed in any order or do you have favorites. waldo

boris said...

Dear Waldo,
where it is possible the play can be the ETFs, like PHO and others you see there.

Unfortunately it is hard to find similar ones for other, for broadband you maybe able able to another ETF. For railroad and transporation there may be problems there with aggregation as there is no direct targeting.

I will see if I can summarise this staff into ETFS only, but I know it is not going to work in general.
For examople one will have very hard time finding ETF for healthcare computerisation!

GOod Trading
Dear Waldo,
I would suggest that you may be able to get away with 10-15 stocks, after you study them well and aggregate some of them into ETFS.
I did some work in that direction by providing the industry and SECTOR classification.

I know it is not enough(:-

Good Trading

boris said...

Dear Wadlo,
ANd benefit of all readers who got the copy of the OBAMA 57

Please make sure that you do good study of the companies and where they belong in the classifications of OBAMA spending.

For those that have a hard time of dealing with multiple stocks ( Maybe I will come up with ETF OBM (:- ). No kidding!

Not yet, until then please create an account at deeply discounted broker such as...

Please email me at bchikvash@aol.com for the answer.

I do not want to be doing a public AD for this one.

GOod Trading

boris said...

Dear Readers,
THere is a support right around here for the market, Hopefully it does not give up. Next one is around 863

GOod Trading

אנטי-סופיטליסט said...

Season's greetings Boris and gang
Stepped up to the plate.
Just bot some ESH @ 866.25
Had a Sierra snow flurry
2 feet:-)
Good trading
Klaatu

boris said...

Dear Klaatu,
Greetings My Very Dear Friend.
I believe that we are going higher, but this market is like watching the frass grow(:-

Maybe the new year will speed it up.
Good Trading Dear Klaatu

boris said...

Yes, and enjoy snow Dear Klaatu.
Must be nice

Good Trading

אנטי-סופיטליסט said...

Dear Boris,
I remember some interest in a book by Robert Miner. Got an e-mail from Amazon and he has published a new book as of Oct. 20,2008.

Title--"High Probability Trading Strategies..." cost $44.10

Good trading
Klaatu

אנטי-סופיטליסט said...

You talk about light volume, only 8 million shares on the q's. Unheard of. waldo.

xerxes said...

Hello and Good afternoon/evening Boris....

boris said...

Dear Klaatu,
Thanks , I am sure readers will find interest.
He is a good writer.

Good Trading

boris said...

Dear Waldo,
Maybe this is a signal?

If people are not interested it must be bottom right?

Good Trading

boris said...

Dear Xerxes,
Good To hear from you, welcome back.

Happy Trading into new Year

Good Trading

xerxes said...

Boris....

Not many trading days for the buck to bolt north before anti-dollar scheduled to reign supreme....

Saw your note but you know, I'm from Missouri :-)

xerxes

xerxes said...

Dear Boris...

Thank you for the warm welcome..

xerxes

boris said...

I still kee my protection.
I would rather get more aggressive on the long side If I could see the 879 taken out.

Good Trading D

boris said...

Dear Xerxes,
SEEFUTURE has performed most adimarbly.

The biggest BUCK buys more stocks today then 10 days ago and it buys more OIL for the same period.

So, in many respects buck is getting its wish. The fact that it can not yet defeat the GOLD/EURO currencies in a strong manner is hust a matter of timing. See The "SEKELS ON DOLLAR " graph. It tells the story

Good Trading

אנטי-סופיטליסט said...

John, we are getting a heavy downpour here, it's even thundering. Very odd weather for the end of dec. waldo.

John said...

Waldo,

We are supposed to get thunderstorms tomorrow with 2 feet for snow on the ground. I am sure it will cause flooding in some areas. Tomorrow Salvation Army comes for the rest of the furniture. Just about packed, computer goes down tuesday after we close.

old john

boris said...

Dear John,
When do we you to be in Arizona?

5th of the year? If I remember correctly.

Good Trading Dear John

John said...

Boris,

It will take a little longer, the wife has a friend in southern illinois where we will stop for a day. Then, because she is driving her car, we are going to take the southern route to avoid snow. Going thru 40 west in New Mexico to Flagstaff can be quite snowy and she does not want to deal with it. Either 6th or 7th

FYI- Rent has really come down on winter rentals in Arizona. I got a great deal bargaining with someone.There are still a ton of rentals available this late. Even the high end which obviously I cannot afford. Good indicator of disposable income.

old john

boris said...

Dear John,
Will you be renting for a while, until you place gets free or have I missed something?

I wonder what are the rents? in numbers, if you can give us couple examples. Please do not worry if it is too hard.

Good Trading Dear John
GOod Idea to go south!!! route

xerxes said...

Hello Dear Boris...

I remember your thesis that the shmeck is the 'new' euro :-)

That thesis suggests a bit of a run by the buck against the shmeck/euro/gold/swissy? complex...

But to reach your suggested target area, seems to me, that we will need to stretch the SeeFuture timetable a bit....

Around the blog world, many seem to think that gold goes to low 6 or even gets a 5 handle. Must be enemy propaganda...

We can blow them some kisses from the back of the train while we sip pink champagne on ice, while they wait for the 500 train to shangri-la :-)

boris said...

Well, I promised you next issue of seefuture and will deliver at the same time all subscribers get it Dear XERXES.

YOu will see that it stretches exactly where it should(:-

Good Trading

John said...

Boris,

I am renting for 3 months, I do not want to rush into something just to save a few dollars . That would be a big mistake.

I rented a 3 bedroom house in Scottsdale for 1500 a month. Originally the woman was asking 2700 a month for Jan and Feb.
That includes internet , etc.

It seems as if there are many short term rentals now- a week or two - according to her but longer term ones are lacking.

old john

boris said...

Dear JOhn,
Thanks, so the same place if sold would go for how much for sale?

If you have an idea, please
Dear John

John said...

Boris,

She is asking 330,000-
I have followed real estate market out there as close as I follow stock market.

examples- A house in an adult ( 55 and over community) was around 290 in 1998 when the wife and I looked. It sold for 520 approximately 20 months ago, it is a bank sale now for 270 and you could probably get it cheaper.

In scottsdale there was a house we looked at last year- things were just starting to fall 410 is what they wanted. Someone bought it- saw same house on internet 2 weeks ago- 290- bank sale. Saw it last week for 250 and my realtor said it sold for 248 . It was a two story and I was not interested ( just in price movement)

old john

boris said...

Dear John,
Thanks a lot.
Really helps.
Looks like you were watching this area for a while and have a good way to compare, which indicates that so far, from the top to the bottom we could be 40-45% liek the stock market!!!

GOod Tradng Dear John

boris said...

Dear John,
Your rent with this 1500, includes
what?

I am asking because i heared that the utilities can be expensive in ARIZONA

Good Trading Dear John

John said...

Boris,

Includes all utilities and the internet.


In some of the outlaying areas the houses are down probably 60 percent. If you go 15- 18 miles west of phoenix to areas like Goodyear , Buckeye, or even Surprise. You could buy a mansion for under 300,000- 5 bedrooms with 3 or 4 bathrooms.
A simple 3 bed - 2 bath ranch style home in these areas can be bought for 100,000 or even less if you catch an auction.

old john

אנטי-סופיטליסט said...

Dear Boris/John
Terrific statistics.My brother in upstate N.Y. tells me several malls have closed and after this holiday spending "spree" I guess a lot more will close.
100 years ago when the mines ran out here in Nevada,the towns died.Now the real estate ATM has ran dry and Reno/Las Vegas are becoming ghost towns too.

If I don't touch bases again-
John have a safe and enjoyable journey.I passed thru Flagstaff on my way back east in Nov.87. Liked it a lot. think I may prefer cooler climes over heat/humidity...but if I get 1 more inch of snow, my stops may be hit:-)
Good trading
Klaatu

boris said...

Dear John,
Thanks,
I really appreciate,
That gives me an excellent idea

Good Trading

boris said...

Dear Klaatu,
Thanks for information.
That helps to see the real situation in USA, considering I am physically not there now.

It helps me even more.
Thanks for sharing the info.

I would very much encourage all readers, to share if they can. Good Or bad news in their neigborhoods or other places they know of.

It really helps to set the picture of "USA today" so to speak.

Good Trading Dear Klaatu

Phil said...

Hi All, I hope everyone is having a wonderful holiday. John you are very wise taking the southern route, thus avoiding high country from Amarillo to Flagstaff. Wife and I spent a night sitting on 40 waiting for plows. You and your wife have done things the right way and deserve the fulfillment of your dreams. Enjoy your trip and your exciting new life.
Blessings to All,
Phil

John said...

Phil,

Thanx, will probably head south towards Dallas - Ft. Worth and then head to ElPaso and from there to Tucson and up to Phoenix area. If I were driving I might risk it but my wife is nervous on the highways to begin with.

boris said...

Dear Readers,
I have now removed my protection and will only reinstate it if market drops below 862 on EMINI

GOod Trading