Saturday, December 20, 2014

Spx 2169 by Oct 2015?

First the Short Term

Nothing goes up in a straight line so we have to expect some weakness sooner or later.

Even thought I’m bullish,I have to keep a S.T. worry on the table. That is we could have a failure soon and a big drop.Many of my friends are in that bear camp. I think there is little worry but need to keep eye on supports. Personally I think we have low volume  with a higher tilt week. SUPPORT @ 2039.50  SPX CASH ALWAYS.

Click Charts to enlarge LONG TERM View
WHY Oct  2015, 360 degree of Oct 2014 low.   Jerry

Friday, December 19, 2014

New worry Wave failure

Click chart to enlarge.
New worry. We have broke out of the pitchfork that is not sustainable.
You would be hard pressed to find such events.
The other worry is a wave 5 failure or wave 5 top.
So key area is 2079.47 the old high.
Friday will be important day for all of next week.

Thursday, December 18, 2014

Whats not to like?

 Looking at interest rate stock that should have better days ahead with rising rates,I show one on my 2015 picks.
Double bottom and ending 5th wave. There is a list below. Buyer do your own
 SPX ---Well we had an inside day by .14.
I like inside days as being bullish. Lets hope we go no lower than 1991 the original support line. Soft open can lead to big things. Or yesterdays close + today close /2  offer almost same support. Wave 4 support on chart. click to enlarge
Here we have my MA crossing another bullish sign if we can stay up.
2020 seem key number not my number but sounds good.
A straight shot probably not.

Jerry O

Wednesday, December 17, 2014

Fun and games

If I was to buy a group it would be these.
I do own a lot of FSC some bought yesterday.
Some under water.
They will love higher rates and will not wait 6 months to get on board.
( Scenario market 6 months ahead.)

& &
FSC03:48pm EST7.94+0.12+1.55%1,196,394Chart, News, Stats, Options, Board

FULL03:45pm EST4.599+0.01+0.20%89,184Chart, News, Stats, Options, Board

GARS03:44pm EST14.200.000.00%48,598Chart, News, Stats, Options, Board

MCC03:49pm EST9.04+0.20+2.26%775,812Chart, News, Stats, Options, Board

MRCC03:33pm EST14.095+0.01+0.04%27,842Chart, News, Stats, Options, Board

NMFC03:49pm EST14.27+0.13+0.94%409,448Chart, News, Stats, Options, Board

OFS03:33pm EST11.96+0.48+4.18%12,887Chart, News, Stats, Options, Board

PSEC03:49pm EST8.47+0.15+1.74%4,887,147Chart, News, Stats, Options, Board

TCPC03:48pm EST15.655+0.17+1.11%356,188Chart, News, Stats, Options, Board

TCRD03:48pm EST11.73+0.42+3.71%208,742Chart, News, Stats, Options, Board

WHF03:43pm EST11.3701-0.1599-1.39%55,507Chart, News, Stats, Options, Boar

Monday, December 15, 2014

Could be within a day.

Click chart to enlarge.

OK my 1982 was hit today.. We could be at that very important point in time..
Auto gann say's this is important point. (arrow)
My target area.
MA confirms but has not turned up.
Normal 90 point range is in.
Looking back over the years the 18th/19th could be up strong 
Need a close over today is #1.

Cons    6 TD is very fast and if we are going for 200 points down, then pink ball is target.


Tuesday late night. Well it didn't work today so till we see a higher close, all you can do is pick support.
Lower highs and lower lows are not telling.