Online Stock Trading | More market numbers to throw out to you!

More market numbers to throw out to you!


Filed Under Market Commentary |

74% of Stocks are over their 200dma
67% of Stocks are over their 50dma
Overall Put/Call from the CBOE ended at .91

How much higher can we go if almost 75% of stocks are over their 200dma? Even 67% are over their 50dma!!!

There is something brewing in the hills.

I believe there is a pending consumer disaster, not to trade off of but something the market will sniff out or something the market will not find to be true. Just seems to me that if you were using your home as liquidity, refiancing or consolidating credit cards you simply can not do this anymore. Your home isn’t inflating like it once was…so now you have home equity lines of credit with even more outstanding credit card debt. Mind you this is not the majority but I believe just enough that it will impact the consumer in some way.

Aloha and Happy Trading,
MS

marketspeculator@gmail.com

questions have been light, so have COMMENTS! :)

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Comments

2 Responses to “More market numbers to throw out to you!”

  1. crni on April 24th, 2007 1:39 pm

    I have been reading your takes on the market with great interest ever since I saw your post about QID on Google finance. I am no expert, but i think most of what you say is spot on.

    Another version of how events could unravel has been presented recently by the people at Merril Lynch. They are basically saying that the FED will lower the interest rates to save all those real estate flippers and continue the feeding frenzy, similar to what happened during LTCM bailout.

  2. Market Speculator on April 24th, 2007 2:25 pm

    FED isn’t in the position to bail anyone out! Merrill is dead wrong, inflation is here knocking on the door!!!

    Many thanks for reading! I appreciate the comment!

    I apologize for the overuse of “!.”

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