Attraction Points

N QQQQ 45.13,45.09 - 45.70,45.79
N SPX 1359,1358,1354.5 - 1368,1371,1374
N QID
10:13 ET, hit the first on SPX, I would not buy, but it may work for somebody.
10:17 ET, Q hits the first and second APoint, could have temporary rally from this support, As I said , not for me
10:21 ET, As Dear Danno, pointed as well, we have assumed that the day will be strong on the open and down thereafter. We will see...

10:37 ET, Markets are doing what Doctor ( ANTI-SOPITALIST ) ordered this morning ( sorry, do not take me seriously, if I was so precise...). OK

above see the Movers function On Bloomberg LLC terminal. 5 stocks account to the entire gain on NAZ ( at a time we took snapshot) MSFT/GOOG/AMGN/RIMM/ORCL, usual suspects, but believe it or not this is ok compared what we used to see 3-5 months ago.

10:46 ET, we will rebound here temporarily, Stay short if you are. There maybe no time to reshort

10:50 ET, 44.83 is third for Q's 44.45 and 44.17 are 4th and 5th

11:04 ET, do we all remember today is 25th YBR high? +-2 days?

11:19 ET, Careful with longs do not get suckered in. It maybe better to wait 20 more minutes.

12:50 ET, Q's are gliding across the 4th Apoint(low), and JPY is below that of its own.

13:00 ET, JPY on fifth Apoint, Q at around 4th still, One can carefully probe longs, do not risk more than 4-10c If you do forget my friendship.

Wait for a sign of turnaround ( upper Candle for example do not catch the falling knife).

Stopps to breakeven 13:20 ET, Mine is 44.46 on Q's , SCRATCHED THE TRADE.

Q's at 5th try again 13:37, my purchase 43.21. stops even

13:53 one more try at 5th 44.12 stop 44.09

13:55 breakeven at 44.12 stop

13:56 ET, stops 44.15, Mental did not trigger, new the suckers are reading my notes! Will exit though without loss.

14:11 ET, exited no loss caught another one. Stop at 44.12

14:12 ET, this one may have legs

14:23 ET, new stop 44.15, no alterations.

14:30 ET, stopping at 44.19 Stop is actually in! Sick of this market

Dear Readers, Friends, do you see why the Trading is a glamorous work?

Cause, while you eat the S like at any other type of work. Here you can decide, when you trade, what you trade and what are wearing or not when you trade. Besides that you sweat just like in any other work! There is no substitute for action. Only actual trading gives you what I do. Like a blind, with a brute force , I challenge the markets to take me out with a loss and win 90% of the time ( come out without loss). Lose 5% of the time no More than 10c at a time and when I win I win on the average above 25-30c. Is it is a dirty work, but somebody has to do it.

14:42 ET, Took myself out 44.29 +17c will monitor for repurchase above 44.41. Until then tea time.

14:45 ET, market has another turnaround time 15:00 +-5 min

14:56 ET, Riding BUS again from 44.07. Stop there

15:16 ET, I scratched 8 trades today, all with $1.5c +- about even. Made 17c+3c in two trades and riding another one from 44.19. Now who/what does that remind you dear readers. Yes Michael Jordan operated exactly this way. He used to toss in 50 points per game easy, but did you know his accuracy?... Not very good , often under 45%. So, what made him good. Hassle! Trading is hassling, you hassle the markets and on one of those trades you get rewarded. I got 50c so far on this one.

15:20 got 61, 58.5 64, 67.5, 73.50 67.50 etc... ( this is 300 lot).

15:29 Not getting out will scratch or make big.

15:45 Ok enough is enough of this pitiful market! out 45c

Thanks For Being With Us

Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We took some profits today on BC,CS,WFC,USB etc. Left the rest untouched especially the MUNI funds. keep them to pay dividends. John reported some gains on a very, very slow inside day. Q's/SPX hit the first Apoints twice. We expect the rally to continue into 26-28 of Jan and lower thereafter. It will all be conditioned by MDS and other friends though. Speaking of which that son of a gun MDS is making money again. It is now in profit on the last buy signal. Hallelujah! INVESTORS who wee advised to invest 10% additional money in stocks are also ahead at this time. Even though in total could slightly 1-2% losing on a total of 30% being invested in Stocks. Considering 12% SPX loss that is not bad. Besides these stocks are quality high Yield stocks and one can wait loooong time with them.
Dollar should/will meander for a while, before taking off into mid year and GOLD will play the game along till Dollar takes off at which time it will go lower and it is possible that high is in place, but shorter term we are giving it the benefit of doubt( not selling it and not buying it at this time, ditto energy). FIXED INCOME(BOND) securities should be slowly, but surely sold off. When we favor Stocks, Bonds should be sold.

16:30 ET, JPY the weekly and hourly are overwhelming the hourly signal and YEN is moving lower in evening trading
16:55 ET, current JPY status 1,1,0,0,0 that is all short term signals say BUY Yen and longer term signals say SELL...
17:09 ET, Dear Greenie, Day was so not hectic that I neglected to answer your message. Sorry. Ok here it is I expect the GBP to rally couple more days you could look up the FIB numbers and it gives something like 1.97 and 2.00 I think we will not go to 62% fib 2.03 or so. On EURO, as I mentioned I expect some meandering between 1.44 and 1.47 before dollar takes off in March.

06:57 ET, This could be day when market starts to slow down and/or close down as YEN seems to have already reached the today's prescribed Limit(high).

Attraction Points, coming up

N QQQQ 43.92,43.70 - 44.86,45.05, 45.18
N SPX 1336 - 1353, 1357,
10:02 ET, warning , possible sell on 5min and exhaustion bar on Q's, exactly at First, just trail close
10:14 ET, SPX AND Q's dead both at 1st Attraction Points! JPY is not falling apart though
10:18 ET, Lot of people taking nice 10-15% profits, no surprise int 2 days. I know I took some profits myself, but watch YEN it s trending so far.
10:20 ET, YEN Exhaustion on 5/15 min and sell on 5min(sorry correction 2min), must hold 106.40, and must aim and break 107 on the other side today
10:25 ET, JPY status 1,1,0,1,1, this is still conducive to jpy decline-stock rally mode, but must hold levels
10:35 ET, this is a turn time , will YEN break 106.40 and we go down in the market?
10:38 ET, Q, hits the lows 10c from projected, YEN may have better ideas? Still watch the air pockets, it is like flying the first time again! Have the stops in and/or keep your fingers on the pistol
it is very possible that we have a bit inside day today, like the one that stays between the first or second AP's on both sides?
11:37 ET, are we watching the paint dry or what?
12:45 ET, Market is coiling as a spring and will break out?
13:26 ET, 13:45 is a turnaround time of sorts, 106.60, 106.50 and 106.40 are the levels to watch for the break up on YEN. At this moment the market is paying the CHINESE TORTURE with traders. Break up more likely now(in price), stops tighter, Stock Market could sell off here!
14:27 ET, OK JPY has broken none of the levels we asked to watch and moved lower. Just as well! Now at the First AP having problems
15:07 Et, they spiked JPY to first and rejected , status now 1,1,0,1,0(hourly just flipped, to by JPY) JPY could rally with this status, needs watching both JPY and Stocks
15:28 ET, Q's have been rejected twice today at FIRST! it should have been possible to make few Penney's
15:30 ET, it is good that JPY broken yesterday's low price, but it may need to do some digestion before going lower.
15:41 ET, If I am going to be right ( only 20 min remains) this will be indeed an inside day, Beautiful.

Thanks For Being With Us

Please visit GROUPTATION link( this is where my morning starts, thanks Ivan keeping it up) to see the ASSET ALLOCATION Perspective

Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. I could not trade today. Was positioned before in JPY ( yes , short). Due to the circumstances, I decided to devote my time to you Dear Readers. I hope you got the best of today and enjoyed presence with us. Please come back.

What a day, NAZ is still sitting after the close still thinking to do or not to do it. It is now -.25, oh no, no w it is +150, +250... Here she goes!

NAZDAROVIE!

System Problems

Please be patient, I had computer malfunction last night and besides not having had a good sleep. Do not have Computer results.

Nevertheless, Not a lot has changed in therms of the outlook. I will provide what I can. Please note that the JPY status will be used to guide

9:37 ET, JPY status 1,1,0,1,1 Hourly signals is what is supporting JPY rally from about 15 minutes ago. When that changes, the pressure should diminish on all assets. Please note, it is not necessary for hourly to go positive( negative for YEN price) for the YEN to start declining.
We are like a pilost without many electronic tools shut, still need to land today
09:46 ET, YEN unable to sustain new breakout, good sign
YEN first AP at 105.52, next APs 105.62, 105.77
09:58 ET, YEN at FIRST
10:00 ET, IF yen doing ABC correction 105.68 is minimum
10:02 ET, we now have trend exhaustion bar on hourly, means turn down(price)
10:05 ET, YEN struggling at first AP, but looks like will break it
10:07 ET, YEN at second approaching 100% abc retrace. and that is close to third as well
10:11 ET, YEN 4th Apoint at 106.05
10:20 ET, we may not have landed yet, but I think we know now that we will.
10:22 ET, YEN at third and we will have reaction here. But 15 mine and hourly counts looks supportive
10:25 ET, we have 5 min upside exhaustion, but no such on 15 or 60 min. So we are not done by any means, while reacting here. We will move higher in stocks and lower in YEN after this little blip
10:47 ET, we now have a sell on 5 min status, little unstable flying conditions for a while

Now let me ask you this, would not you feel million Dollars if you bought the FIXED income Securities (10 Year Notes) at 5.30( ABSOLUTE TOP, with close to 15% total return, in 6 months) I asked you to do? Who would not? You see there is a season for everything and You needed to act then. Now you would be cruising cool Caribbean, while others sweat in the equities market.

10:58 ET, YEN approaching highs at third APoint. Have you noticed how YEN is between the first and third Apoints almost since open?
12:02 ET, retraced 62 FIB on YEN rally since moring. Hope this holds
12:36 ET, that broke. now waiting for exhaustion on the upside for YEN,
Got that on 2 min basis. if broken will have to wait on 5 min basis
12:51 ET, OK got the exhaustion on the 5 min as well. Unfortunately until the hourly is is not in the SELL(YEN,price) it is hard to call the TOP in YEN. 105 held again, which is the first support for YEN today.
13:50 ET, YEN defeated? need a close above 106 for that
14:27 ET, Japanese YEN Surrenders!
14:30 ET, YEN almost hit fourth Apoint, deserves some rest before fifth 106.35, I find it POETIC that 105 long term support and today's first low support were at the same place
14:39 ET, I can only hope that readers, there must have been many new ones, as the profile looks have grown today a lot, knew that YEN was just another way we were telling readers what to do in the STOCK MARKET and did some purchases, at the depth of the market. And if they did, you know next step, TRAILING STOPS! so that you keep some profits, at least.
14:44 ET, JPY status now 1,1,0,1,1 (sell,sell,buy, sell,sell : for JPY PRICE)(Week/Day/60Min/15Min/5Min)
14:49 ET, Perhaps it is GOD's way of rewarding those that came to this site today, cause I/We do not usually give JPY Attraction Points on the net . These are reserved for paying subscribers. But as I lost usage of some of my computing power and that included the Stock Index computers, I decided to work with YEN( which we , often, view as a proxy for the stock market. ENJOY!
14:54 ET, We just hit a 5min status bar sell ( on last bar). SO the status is 1,1,0,1,0 , we are supporting on second AP at this time
15:06 ET, HALLELUJAH! all Major indices minus NAZ are up!
15:08 ET, 4th is giving YEN problem here, I think it will break it sooner or later before 16PM ET.
15:09 ET, BROKEN the fourth AP
16:00 ET, HOUSTON, we have lost NAZ, close Negative!

ENJOY

Thanks For Being With Us

Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. No trading today... Short and sweet. Got a turnaround we "hoped" and/or "predicted". Looks strange though. Usually this should have ended with the close higher than the last close... I am not yet sure what if anything this means.

04:24 ET, JPY on the offensive. the (quote) status is 1,1,0,0,0, which means very strong buy on all short term scales(60,15,5 min ).
15:31 ET, JPY Dear Dave to answer your question the area around 105.50 is forbidden are for JPY. If it drops beyond that, it would spell new collapse in stock market as well.
06:14 ET, JPY status 1,1,0,0,1 , sitting on the 5th
06:14 ET, JPY status 1,1,0,1,1 , sitting on the 5th

Attraction Points

Dear Readers,
The possible turnaround times today are 12:00pm and 15:00pm.
N QQQQ 43.07 - 44.30,44.56,44.96,45.66,46.46
N SPX 1271 - 1300,1311,1323
N QID

So, Did you guys enjoy the circus? O my!

10:23 ET, Q's reacting at first AP
10:24 ET, breaking it.
10:27 ET, Q, approaching second AP
10:28 ET, JPY could be exhausting
10:29 ET, Q, exhausting at first AP
10:41 ET, Q' second try at first AP, looks success?
10:43 ET, Q's still struggling with first AP, looks tired and heading to lows at 12:00 ET.?
10:51 ET, it may support on EXP MA's at 44.00
10:59 ET, JPY at 4th
11:02 ET, Q's attacking first AP again...
11:03 ET, tremendous bounce by BKX around 74 (WFC +8%, BAC +7%)
11:05 ET , Q's break first decisively, almost at second AP(44.56)
11:09 ET, Q's going for 45 ( third AP)?
11:10 ET, JPY going 5th AP ( 107)
11:11 ET, WFC up 10%
11:13 ET, Q' stall at second AP
11:15 ET, Q's exahausted at 2nd ( 5min, sell signals on JPY and Q), but hourly is long way from SELL
12:10 ET, I think we are getting the 12:00 ET kick( see turnaround times announced this morning , above)
12:30 ET, JPY status 0,0,1,0,1 (Price, Intermediate term sell , near term mixed/buy, due to hourly buy)
13:14 ET, Q's could be failing twice on second? down into 15:00pm?
15:35 Ok, Looks like we are getteng the 15:00pm turnaround working this time.