SIRI Daily Thread... Friday, May 24

Let me be first to wish the best to Charles and his wife. I'm sure we all will be happy to know when the newborn arrives and to know momma and baby are okay.

On the stock front, I personally have never attempted to read the tea leaves of the indices by the charting methods we employ with individual equities, but after a report yesterday in a Small Cap news letter I decided to see what we might learn in that approach with the S&P500 Index ($inx). Attached is my first effort.

You can see how consistently this index has tracked between the lower (support) and upper (resistance) trend lines, how it has taken a hard bounce off of the upper trend line which also coincides with the upper BB, and now seems to be in a definite correction. I'll personally be watching, and hoping this slide will soon put on the brakes. I think the 50% Fib retrace somewhere in the range of 1615 will be a critical place to watch. PS. Since I began this note the market has opened and the S&P500 is now at 1642.

Morning SLY and All!

Nice analysis and chart SLY. Good thing for me is that SIRI and my other holdings are not getting taken down too hard with the softness.

I second the sentiments for CLR.....good luck and congrats!!........GLTA on your trades and over the long weekend

As far as my Spurs and the Heat are concerned....If my Spurs do advance and meet the Heat in the finals I will be pleased at the accomplishment and of course hope we are victorious. The HEAT are younger and the defending champs but the Spurs have more rings with the big 3 still in tact ( Tony, Tim and Manu), so it should be interesting........though the Heat will be the favorites in that matchup.

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Originally Posted by denco1

As far as my Spurs and the Heat are concerned....If my Spurs do advance and meet the Heat in the finals I will be pleased at the accomplishment and of course hope we are victorious. The HEAT are younger and the defending champs but the Spurs have more rings with the big 3 still in tact ( Tony, Tim and Manu), so it should be interesting........though the Heat will be the favorites in that matchup.

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Hey Denco, yes the Heat have younger legs, and they also have their "Big Three"............... Don't forget though, that they also have "The Bird Man".:money::out:

Nice Close!!! Other than that, slow day. Hope everyone has a great Memorial Day weekend.

TY for the warm wishes.

Enjoy the long weekend!

CLR, we're eager to help share the jubilation. Just let us know when we can begin. BTW, is this the "the first" in your family? GL

Denco, wasn't that a good game to watch last night? Not so good from the perspective of Heat fans, but entertaining none the less. Looks like we're in for a hard-fought series. Good luck to your Spurs today. BTW, you might be thinking about consequences of an extended layoff before the finals. Look what a few days did to the Heat on both occasions. While at least they managed to win the first game of this current series, it was not without a record number of turnovers and fouls. Keep that in mind as the Spurs work to sew up the Western Conference title. If they make quick work of it, they may have to wait a week or more before the next battle begins.

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Originally Posted by siriusly_invested

CLR, we're eager to help share the jubilation. Just let us know when we can begin. BTW, is this the "the first" in your family? GL

Denco, wasn't that a good game to watch last night? Not so good from the perspective of Heat fans, but entertaining none the less. Looks like we're in for a hard-fought series. Good luck to your Spurs today. BTW, you might be thinking about consequences of an extended layoff before the finals. Look what a few days did to the Heat on both occasions. While at least they managed to win the first game of this current series, it was not without a record number of turnovers and fouls. Keep that in mind as the Spurs work to sew up the Western Conference title. If they make quick work of it, they may have to wait a week or more before the next battle begins.

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Afternoon SLY.....unfortunately did not see the game as I was working late last night. Did try and watch it on the DVR when I go home but fell asleep 5 minutes into it. Definitely going to be a ruff series. As for my Spurs, any extra days of rest are better than not due to the age of the BIG 3. No doubt it can add rust but with the nagging injuries to parker and Leonard's knee tendonitis etc..., it will be good for them to get rest. Tonight will be interesting with the long layoff for both teams. Memphis will be as tough as they were Tuesday. The Spurs need to be ready for a WAR.....GOSPURSGO!!

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Originally Posted by siriusly_invested

CLR, we're eager to help share the jubilation. Just let us know when we can begin. BTW, is this the "the first" in your family? GL

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It is our first. Its hurry up and wait time over here.

Denco, I fell asleep before halftime in the Spurs game last night, but saw in the NBA news on the web that they pulled it out in OT.

Wow, maybe your guys will actually accomplish that much needed rest you mentioned. One more win and they are in the same boat as CLR.................. hurry up and wait. :thumbup:

Hang in there CLR and let us know when it's time to offer a toast.

Go Spurs and go Heat.

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Originally Posted by siriusly_invested

Denco, I fell asleep before halftime in the Spurs game last night, but saw in the NBA news on the web that they pulled it out in OT.

Wow, maybe your guys will actually accomplish that much needed rest you mentioned. One more win and they are in the same boat as CLR.................. hurry up and wait. :thumbup:

Hang in there CLR and let us know when it's time to offer a toast.

Go Spurs and go Heat.

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Wow was that a great game for my Spurs. Down big in the 1st only to get a hold of their nads and fight back in the 2nd. Getting to within 4 at half was HUGE and put the game up for grabs. The rest helped the BIG 3 as they had collectively the best gme of the series. Duncan HUGE in OT and TONY and MANU strong all game as well aside from the opeining 1st Q. If we close it out on Monday that would probably mean at least a week off to as you said, hurry up and wait, which could cause problems for the 1st game of the finals but will ultimately give The Spurs the best shot at winning it all with a rested group.

Should be an exciting close game tonight. GL to your HEAT. I'll be watching...........CLR, your first, nice! GL, and keep us posted.

Morning SLY and All

Happy Memorial Day to all especially those who have served our country....thank you.

What a game for your HEAT SLY. Looks like they had focus and purpose. Will be interesting to see if the Pacers can bounce back tomorrow night. Willl be a rough one for my Spurs tonight. A close out on the road in the WCF is no easy task.

Check you all out later.

'morning Denco, and to all other SB'ers tuning in today. First, let me also pay tribute on this day of thankfulness to those who gave their all to save our freedom........ We proudly fly "Old Glory" at our front door, especially on this day of honor. (and we frown at those who seem to have as little regard for "flag etiquette" as they profess for the true meaning of this day) As a veteran and a person who loves this country, I'm appalled at how many of our neighbors think this is a weekend set aside strictly to celebrate the beginning of summer, the launching of the family boat, opening of the backyard pool, and general excuse to host a backyard BBQ or picnic at the park.

And yes, my Heat showed what they are made of last night. I guess it's been some time since we've seen such an efficient demonstration of play. I look forward to another win tomorrow night and then the opportunity to put a cap on the Eastern Conference with a win at home after that. And from the looks of how the Spurs are playing, I'm guessing we'll be pitted against one another, Denco, in the Championship series. I'll bet that will be quite a show.

I wish everyone a safe and relaxing day today. For me, I hope to cap off the day with a rack of ribs on the grill, baked beans, and corn on the cob. Oh, and there might be an adult beverage or three to go with that as we settle in for the end of this long weekend.

PS. If I'm lucky, I'll be able to stay awake to root for the Spurs.

http://secfilings.com/SearchResults.aspx?ticker=SIRI

Quick SIRI look before tomorrows day and before I bolt to get ready for my SPURS....
GOSPURSGO!!


High/Low on the verge of a breakout from Fridays close....

Attachment 985

Closing chart from Friday already has broken out and looks to have more room to move up.....

Attachment 986


SIRI riding the 5 sma on the up move and penetrating the 13 only once on this move....

Attachment 987

GL tomorrow folks!!