Between 489 and 529
Well, I hate long term perceptions, but the recent top on AAPL could very well be a major one (blow out). One perception I have is after the move to 1273, if the world is still intact (lol), then we would bounce and setup for a major consolidation period working our way to 1400. Then under this same perception once 1400 is reached you would get major volatility self generation playing both sides practically making it very hard to trade because stops on short to medium term strategies would continually get wiped out. The fundamental support here would be globalization and the rise of other smaller 3rd world like countries.
The other perception I have is outright bearish. Gold selling will create the first major bear market causing everything to lose traction, even bonds slightly. The move down to 1273 would be followed by another move down into the following feb. to 1100. At this point there would be major volatility and the same self generation characteristic I described above. From there on out isn't really applicable to any type of hypothesis.
The last perception is that we just keep doing the same seasonal trending we always have.
Fundamental and technical analysis?
I am pretty sure I was the only one looking for gold to go flat with range bound activity for a year when it spiked back in August. At least I never saw anyone mentioning it. I discussed it with Simon.
So you don't see any green days for Apple in the near future?
What about analyst claiming it should be on the rise in the upcoming months due to the iPhone 5?
What are the chances of Apple going up within 1.5 months if NQ and ES are moving down significantly? After that it may very well move up more, but we may never crack 1340 on ES. No one can predict the future. Time will tell though.
Looks like a nice gap down tomorrow.
The poor employment report came on a day when investors were already on edge as France and Greece head into elections over the weekend. The outcome of those elections could have a significant impact on the markets because a leadership turnover in Paris could change the way Europe responds to its debt crisis. The elections in Greece, which recently restructured its massive debt load, have the potential to set off even more volatility.
I am wondering about the possibility of seeing SPY 135 or 134.5 either on Monday or Tuesday. Looks like pretty good chance of that happening.
Some of you may be able to buy UVXY in the after hours now for a possible 10% or more gain on Monday or Tuesday.