Sunday, April 4, 2010
Stock market predictions 2010 Today April 07 (NASDAQ:QQQQ), (NYSE:SPY), (NYSE:DIA)
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Stock market predictions 2010 Today April 07 (NASDAQ:QQQQ), (NYSE:SPY), (NYSE:DIA):
Today is April 07, 2010. The market is as follows:(NYSE:DIA) 109.69, (NYSE:SPY) 118.98,(NASDAQ:QQQQ) 48.86. An analysis from our proprietary models is telling us the following:
1. (NYSE:DIA) 109.69 : the models tell to short bounces. The Dow is the first of the three major indices for which the models issued this short-side bias.
2. (NYSE:SPY) 118.98: the models say that our long positions, if any, should be taken off, and that we should get ready to short bounces.
3. (NASDAQ:QQQQ) 48.86: the models say that they anticipate a turn around the corner. With the other market indices entering a short bias or leaning towards it, a turn would not be surprising. We note that 48.77 is the precise level that was estimated on March 24, 2010 for the QQQQ, and it has not been violated by any market close ever since--- we will see if it will respect it or violated at today's close.
Update
1. We did a re-analysis after the close. According to models, in addition to DOW, and SPY which entered short bias earlier today April 07, QQQQ has is also on short bias as of its close price of $48.63. Note that QQQQ never close above 48.77, which is the level predicted some 13 days ago.
2. If we were to follow the models, we would short the up bounces on these EFTs.
As per our request in the email, please prepare your list of questions.
Happy trading!
Today is April 07, 2010. The market is as follows:(NYSE:DIA) 109.69, (NYSE:SPY) 118.98,(NASDAQ:QQQQ) 48.86. An analysis from our proprietary models is telling us the following:
1. (NYSE:DIA) 109.69 : the models tell to short bounces. The Dow is the first of the three major indices for which the models issued this short-side bias.
2. (NYSE:SPY) 118.98: the models say that our long positions, if any, should be taken off, and that we should get ready to short bounces.
3. (NASDAQ:QQQQ) 48.86: the models say that they anticipate a turn around the corner. With the other market indices entering a short bias or leaning towards it, a turn would not be surprising. We note that 48.77 is the precise level that was estimated on March 24, 2010 for the QQQQ, and it has not been violated by any market close ever since--- we will see if it will respect it or violated at today's close.
1. We did a re-analysis after the close. According to models, in addition to DOW, and SPY which entered short bias earlier today April 07, QQQQ has is also on short bias as of its close price of $48.63. Note that QQQQ never close above 48.77, which is the level predicted some 13 days ago.
2. If we were to follow the models, we would short the up bounces on these EFTs.
As per our request in the email, please prepare your list of questions.
Happy trading!
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