oh we have ben speaking thursday.. wonder what he's gonna be saying

Tomorrow is the 2 year anniversary of the flash crash...

Relive the thrills.

.... also a classic John Daily at the bottom of the article.

Toronto's 12,000 Level.......

And it's reaction to Friday's Jobs Report :

Toronto's 12,000 Level.......

And it's (down-gap) reaction to Friday's Jobs Report :

Note how on the day immediately preceding the jobs report, it fell by 224 points, to close at 12,000 like, almost exactly.

It's reaction to that jobs report, I would say doesn't bode well.

By Rodrigo Campos

NEW YORK (Reuters) - After Wall Street ended its worst week of the year on Friday, U.S. stock investors will look across the Atlantic next week to take their cue from Europe as France and Greece go to the polls.

That could offer some respite from a string of weak U.S. economic data and the earnings season winding down.

Markets worldwide have closely watched developments in Europefor the past several months, with calls for austerity seen as positive for stocks as they seek to prevent a credit crisis in the region that could take down or deeply hurt the global economic recovery.

But an economic slowdown throughout the region has amplified calls for a change of direction.

In France, the prospect of a victory by Francois Hollande over conservative incumbent Nicolas Sarkozy, which would instate the country's first Socialist president since 1995, initially alarmed some investors. Hollande's win could be a hurdle to the German-led drive for austerity in Europe.

Adding to the markets' jitters: Anti-bailout parties are expected to perform well in Greece's vote on Sunday, raising the risk of more opposition to already unpopular reforms.

"There's potential for uncertainty and instability in Europe," said John Praveen, managing director of Prudential International Investment Advisors in Newark, New Jersey. "The market is pricing in extremely negative scenarios."

Praveen said there is still room for a market rebound if Hollande, should he win the presidency, comes out with a more conciliatory tone that would ease investors' fears about France's commitment to fiscal stability.

Investors are waiting to see if Hollande, who holds an advantage in polls over Sarkozy, will be able to square France's need for fiscal reforms with his plans to promote growth.

"I'm not quite sure, regardless of who wins, does it say 'sell the S&P'? ... It just continues the uncertainty, no matter who wins," said Frank Lesh, a futures analyst and broker at FuturePath Trading LLC in Chicago.

TECHNICALS RULE IN A LIGHT WEEK

Technical levels could regain importance next week as the U.S. economic data calendar thins and fewer than 30 of the S&P 500 components are expected to report earnings.

"On no news, we all start looking at charts," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati.

"We found support recently on the S&P near 1,360. If we violate that, it would be a bad sign," he said.

The S&P 500 slipped below that level twice last month and bounced back, but has since found strong resistance at 1,400. The recent soft economic data, capped with Friday's payrolls report showing the third straight month in which hiring had slowed, has dampened hopes for a convincing break upward.

________________________________________________________________________________________________________________

"Techincals ruling" - Thats our favorite, right? 

good. love TA.

hope we see some red/green days this week and not just all red. hate seeing one trend dominate whether green or red. pos ben created the biggest bubble. wish feds would stfu.

operation FB coming week after this

operation FB.  haha.  i like that.

i'm hoping for an operation Flash Crash myself...

Quote:

Originally Posted by MaX PL 

 

 

i'm hoping for an operation Flash Crash myself...

Tell me about it... 

Sell In May And Go Away .... only if the MACD says so.

There is an interesting read on STS (Seasonal Timing Strategy) that makes the following claim:

"Introduced in 1998, over the last 13 years our STS has gained 190.6% to year-end 2011 compared to a 64.4% gain for the Dow, a 20.3% gain for the S&P 500, and an 18.8% gain for the Nasdaq."

Here's the article.

and another article about MACD switching strategies to triple returns.

The EURUSD is toast, get the jelly out.  Still holding my EURUSD short from two weeks ago

WSJ: François Hollande appears to have won the French presidential election, ousting Nicolas Sarkozy, according to preliminary results.

Well, the socialist Frenchie won. Better short the markets because this guy is going to bankrupt France even more.

Quote:

Originally Posted by BobK 

 

I hope you're right and it is baked in but I don't think so. Here comes more turmoil.

 

(Reuters) - Socialist Francois Hollande swept to victory in France's presidential election on Sunday in a swing to the left at the heart of Europe that could start a pushback against German-led austerity.

 

http://www.reuters.com/article/2012/05/06/us-france-election-projections-idUSBRE8450AR20120506

Bob,

I agree with you I don't think any France stuff is baked in.  I think we're going to see EURUSD react in a big way here