a call for SKF

[Entendance]

It's the tail wagging the dog


http://tinyurl.com/35tewv2

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[GSIMMERLE]

Rosenberg: "The Pattern Would Suggest A Test Of 5,000 On The Dow
http://tinyurl.com/2emn8pm

[Entendance]

...for the record, we are not planning on selling any of our shorts. At this juncture we don't trade, we are just going to sit tight. Why? Because after 32 years of experience in managing money for a living, we know what happens when people fall into omnipotence delirium, in trying to buy at what they hope could be the low and sell at what they hope could be the high. Instead, we prefer to stick to our risk plan through our trailing stops.


Anse Intendance...because this place is for Uncolonized Minds


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[dlry]

Only the Shadow knows... http://tinyurl.com/365357n

Housing Market Has Reason to be Scared of Its Shadow

Recently Mark Hanson nicely laid out a handful of reasons for housing's excess supply, or "shadow inventory." Folks will recall from the credit bubble days that I used to refer to Mark as Mr. Mortgage, before he revealed his true identity. In my opinion, he understands the housing and mortgage markets better than anyone else I know. You can find his website at mhanson.com. So, let me turn the keyboard over to Mark:

"Five forms of Shadow Inventory just beginning to drop supply. From my 6-20 'Shadow Inventory' report.

"1) The majority of the eight million loans in some stage of delinquency, default, or foreclosure of which S&P only analyzes a portion of the securitized universe for this report.

"2) The majority of the 100k to 125k new Notices-of-Default occurring monthly.

"3) Short Sales, which are surging and now gov't endorsed through HAFA, and may be the ultimate form of shadow inventory due to the fact the borrower does not have to be delinquent nor does the property have to be ever listed on the MLS. With almost 30% of the 57 million homeowners with mortgages owing 95% or more on their house this pool of over 15 million that are short sale eligible is a mega-threat.

"4) Modification redefaults, which according to S&P in this report will occur at a 70% rate. Based upon the national loan mod surge that only began in earnest in q309 and ultimate bubble we are experiencing now, we have only experiencing the positive effects of mods and not the negative redefault effects. The leading edge of the mod redefault wave is upon us now and before too long will produce an entirely new and substantial channel of mortgage loan defaults and foreclosures few are modeling at this time.

"5) Pent-up supply from those who held off selling for three years as the market crashed and now that sentiment and price stability has improved in certain regions will take advantage of this during the Spring and Summer selling season. In fact, last month as sales surged due to the taxpayer gift, inventories rose sharply catching even Larry Yun off-guard who commented on it in last month's existing home sales report. I believe this is the first we are seeing of pent-up supply having a negative impact on housing fundamentals."

I would just sum up by saying that leg two of lower home prices is probably under way.

[Entendance]

We like to buy more EEV, under $51.50...
DON'T FORGET to use large trailing stops

Stop and stop limit orders...
Hidden stop orders...
Trailing stop orders...
viewtopic.php?f=16&t=171&p=11245#p11068




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[Entendance]

...Until something comes along to arrest this slide, an unexpectedly good jobs report Friday, for instance, the primary direction in the stock market is going to be down.
http://tinyurl.com/37mllgz

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[dow_3000]

We like to buy more EEV, under $51.50...
DON'T FORGET to use large trailing stops

Stop and stop limit orders...
Hidden stop orders...
Trailing stop orders...
http://www.entendance.com/forums/viewto ... 245#p11068

Another excellent call. Up 8% the next day.

[Entendance]

lol

Can anybody remember when the times were not hard, and money not scarce?
- Ralph Waldo Emerson

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[defio70]

There is no further support on any timeframe for the market in terms of moving averages.
Price officially closed – for the first time I might add – under the 200 month SMA, and because today is the last day of the month, this break and close is now official and permanent on the chart...
http://tinyurl.com/25xyunf

[Entendance]

Today we're going to tighten our trailing stops on our beloved Short & Ultra Short ProShares ETFs...


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