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Watch for avalanche of sell orders Monday
MarketWatch.com ^ | June 3, 2012 | Mark Hulbert

Posted on 06/03/2012 5:35:43 PM PDT by John W

Monday’s trading will be the first opportunity stock investors in the U.S. will have to act on a major technical violation that occurred at Friday’s close: The breaking of the 200-day moving average.

This could result in an avalanche of sell signals hitting the market at Monday’s open, since many technical analysts use the 200-day moving average as the dividing line between bull and bear markets. They consider the primary trend to be up so long as the market is trading above its 200-day moving average, and that this trend turns to bearish whenever the market closes below this average—and that is what happened at Friday’s close.

(Excerpt) Read more at blogs.marketwatch.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: benbernanke; financialmarket; stockmarket; timgeithner; wallstreet; worldmarkets
And...Bulletin Japan stocks tumble in broad sell-off after U.S. jobs report; Nikkei Average down 2.4%
1 posted on 06/03/2012 5:35:47 PM PDT by John W
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To: John W

Market will sell off early, bargain hunters will come in the afternoon, averages may well end unchanged.


2 posted on 06/03/2012 5:37:33 PM PDT by proxy_user
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To: John W

And...if it doesn’t happen, the impact on this pundit’s credibility will be exactly zero.


3 posted on 06/03/2012 5:41:56 PM PDT by Attention Surplus Disorder (A conservative, a liberal and a moderate walk into a bar. Bartender says "what'll it be, Mitt?")
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To: John W

S&P 500 Futures down 9.1 to 1264.80 at 8:42 pm est.


4 posted on 06/03/2012 5:44:47 PM PDT by freedom1st
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To: All

And hopefully they’ll all be buying metals.


5 posted on 06/03/2012 5:45:07 PM PDT by Terry Mross ("It happened. And we let it happen." Peter Griffin - FAMILY GUY)
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To: John W

I dunno. The Nikkei dropped 200 and then stopped. It will probably boost up to -50 by 2 pm Tokyo time.

Europe will by the true domino. If European indexes plummet more than 2%, they might keep going. If that happens, nothing will stop DJIA from doing the same. I don’t think it will be that bad though.

Nikkei looks like it’s trending up.


6 posted on 06/03/2012 5:46:51 PM PDT by struggle (http://killthegovernment.wordpress.com/)
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To: Terry Mross
No! Regional banks. specifically BBT
7 posted on 06/03/2012 5:48:18 PM PDT by Coldwater Creek (He who dwells in the shelter of the Most High will rest in the shadow of the Almighty Psalm 91:)
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To: struggle

Oh, and I forgot to say, THANKS OBAMA.


8 posted on 06/03/2012 5:48:18 PM PDT by struggle (http://killthegovernment.wordpress.com/)
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To: John W
The U.S. markets hang on the Nov elections.

If Obama wins...bid your future buh-bye.

If Romney wins (and I am no Romney fan) we will have dodged a bullet.

The markets will run wild until the future becomes at least somewhat predictable.

9 posted on 06/03/2012 5:48:42 PM PDT by RoosterRedux (Sow the wind...reap the whirlwind!)
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To: proxy_user

Agree. Might be Tuesday. IMO huge move up in short order. Only real return in equities now.


10 posted on 06/03/2012 5:49:29 PM PDT by YankeeDoodleRebel
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To: RoosterRedux

There is much unpleasantness ahead no matter what anyone does; it’s gone beyond the point of no return.

If Romney wins, and conservatives manage to effectively hold his feet to the fire, we may have something vaguely recognizable in a decade or so.

If The Won wins, it’s a millenium of Dark Ages ahead.


11 posted on 06/03/2012 5:55:32 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: gieriscm

ping


12 posted on 06/03/2012 6:00:47 PM PDT by BCR #226 (02/07 SOT www.extremefirepower.com...The BS stops when the hammer drops.)
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To: DuncanWaring
I don't care for Romney a bit...but he is an analytical sort when it comes to problems.

If he can offer some assurance to small business owners that he will not rape them...and if he will open the Keystone Pipeline and encourage the shale oil and natural gas industry...the economy will jump upward.

America is primed for a great leap forward. It is not primed for a great socialist leap backward!

13 posted on 06/03/2012 6:01:41 PM PDT by RoosterRedux (Sow the wind...reap the whirlwind!)
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To: struggle

Oh, and I forgot to say, THANKS OBAMA.

And thank Bush for giving us Obama. Pray we don’t have another stock market crash like the one in the final month’s of Bush’s disastrous presidency. And pray that if Romney wins, he governs like Reagan instead of the “compassionate conservative” - i.e. idiot son George Bush.


14 posted on 06/03/2012 6:27:54 PM PDT by WilliamIII
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To: RoosterRedux

We need a real GDP increase of about 50% in the next two or three years; I don’t think that’s humanly possible.


15 posted on 06/03/2012 6:31:22 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: John W

Dow Futures down 105 as of 8:52PM ET.

http://money.cnn.com/data/afterhours/?iid=C_All_MKTS


16 posted on 06/03/2012 6:37:44 PM PDT by Signalman ( November, 2012-The End of an Error)
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To: Attention Surplus Disorder

Yep, he gets paid for his opinion — right or wrong. Never take investment advice, from someone who still has to work for a living.


17 posted on 06/03/2012 6:41:19 PM PDT by USFRIENDINVICTORIA
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To: John W

Market futures sharply in the red.


18 posted on 06/03/2012 6:41:23 PM PDT by kegger8r (ABO since 2008)
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To: John W

Sounds like Mark Hulbert is short the market. The 200 day MA is not that significant.


19 posted on 06/03/2012 6:45:52 PM PDT by Presbyterian Reporter
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To: WilliamIII

“And pray that Romney wins, he governs like Reagan instead of the “compassionate conservative” - i.e. idiot son George Bush.”

Too late. The Bush’s were early supporters of Romney. Romney seems to be in the same mold of a social moderate. (Bush was however a good war leader, and loved by the troups.)

Best pray for a major takeover of Congress by Conservatives. We’ll need someone to hold Romney’s feet to the fire. Heck in the 1990’s a conservative Congress led by Newt even made Clinton look good!


20 posted on 06/03/2012 6:58:57 PM PDT by Forty-Niner (The barely bare, berry bear formerly known as..........Ursus Arctos Horribilis.)
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To: proxy_user

it wont be the retail bargain hunters steeping in...it will be the PPT......same as they always do.....all the volume is created by the banks now...it’s a fixed market under the guise of National Security...Do your own DD...
http://socioecohistory.wordpress.com/2009/08/27/manipulated-stock-market-watch-the-last-30-minutes-of-trading/


21 posted on 06/03/2012 7:28:23 PM PDT by M-cubed
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To: M-cubed

Well, I’ll be watching. I have a watch list and a target price, and if the price hits my target I buy.


22 posted on 06/03/2012 7:37:15 PM PDT by proxy_user
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To: Perdogg; Kevmo; Son House; bruinbirdman; 2ndDivisionVet; AdmSmith; AnonymousConservative; ...

Thanks John W.


23 posted on 06/03/2012 7:58:17 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: struggle
" If European indexes plummet more than 2% . . ."

LSE closed tomorrow?

yitbos

24 posted on 06/03/2012 8:23:03 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: proxy_user
Ill be watching also... I don't mind participating in a fixed game as long as I know its fixed....I use FAS and FAZ quite regularly to snag a few bucks (currently short FAS)....I call it my gambling account..not my investing account...

I also have a modest longer term account and would be interested in what u plan to buy and at what price...I'm currently interested in adding PG for longer term

25 posted on 06/03/2012 8:27:12 PM PDT by M-cubed
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To: Terry Mross

26 posted on 06/03/2012 8:28:21 PM PDT by blam
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To: blam
I see Switzerland is looking at capital controls again.

yitbos

27 posted on 06/03/2012 10:16:25 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: bruinbirdman
That laughter you hear in the background is from the “ Gold and Silver Bugs” they are just loading up their wagons and smiling.
28 posted on 06/03/2012 10:46:22 PM PDT by BooBoo1000 ("The plans I have for you are plans to prosper you.,not to harm you, Plans to give you hope)
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To: BooBoo1000
"Denmark’s central bank said it was battening down the hatches for a "splintering" of EMU. It has cut interest rates twice in a matter or days and pledged to do whatever it takes to stop euros flooding into the country. "

yitbos

29 posted on 06/03/2012 10:57:22 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Terry Mross
And hopefully they’ll all be buying metals.

Most will maintain their belief that paper is the only real money as they are burning stacks of it in a 55 gallon drum to stay warm. You want to read something really stupid from FT Alphaville? I mean Bam Margera, Johnny Knoxville stupid.

Debunking goldbugs

30 posted on 06/03/2012 11:00:44 PM PDT by Stentor ("All cults of personality start out as high drama and end up as low comedy.")
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To: USFRIENDINVICTORIA; Attention Surplus Disorder
You guys are mistaken about Mark Hulbert.

He is unique among pundits, and he is self-employed.

Since the 1980’s he has subscribed to every investment newsletter in America that has published for at least 5 years.

His theory is that self-employed advisers who can make a living for 5 years recommending stocks are the best of breed.

He has built up an amazing statistical database on stocks recommended by several hundred newsletters.

He rarely gives direct advice like “buy this” or “sell that.”

He usually gives general advice - like tonight.

What he is saying is that a large majority of the advisers he analyzes feel VERY strongly about a break below the 200 moving day.

31 posted on 06/03/2012 11:36:48 PM PDT by zeestephen
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To: M-cubed
If you don't mind giving your opinion I would be interested in your response on a widely diversified portfolio of utilities securities including stocks and bonds.

I would be perfectly content with an income stream of around 4%-4.5% and not much risk. My major goal is asset preservation with some income and as little risk as is possible to reach this goal.

Anyone else please feel free to make suggestions as well.

32 posted on 06/04/2012 2:36:27 AM PDT by scram2
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To: scram2
I'm probably not a good one to give advise as I tend to be a bit of a rouge contrarian investor....but for what it's worth.....I tend to use the “Dogs of the Dow” http://www.dogsofthedow.com/doggish.htm as a guide for building a longer term portfolio...I buy one stock at a time and average in....
33 posted on 06/04/2012 7:23:21 AM PDT by M-cubed
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To: M-cubed
Oh!..and BTW...don't forget to get some physical insurance...i.e gold and silver...Don't look at it as an investment..look at it as insurance....

having said that....over many years...my insurance has out performed my portfolio, percentage and value wise

34 posted on 06/04/2012 8:14:26 AM PDT by M-cubed
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To: M-cubed

thank you


35 posted on 06/04/2012 9:10:01 AM PDT by scram2
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