Blue Chip Bulldog - Latest Comments in Trades for 10/16/09

Re: Trades for 10/16/09

moo — Sat, 17 Oct 2009 20:41:25 -0000

New Post!

Re: Trades for 10/16/09

Mr. Tuxedo — Sat, 17 Oct 2009 19:53:49 -0000

OK Moo, let's have a cordial fight.
I' m a tuxedo black and white cat and I just walked past your dog house. Courtesy of Barry Ritholtz via Jeff Saut of Raymond James:

http://www.google.com/hoste...

Your post from the other day mentioned PRICE is everything, yet this piece places emphasis on price movement, which I equate with momentum. I went back and could not find your original entry to hone in on what you were referring to. Is this because you use technical analysis and this article has a fundamentalist perspective?

Can anyone give me some input on Pfizer? Wyeth shares converted over, it seems undervalued and it's not a risky stock (ALL stocks are risky) and it now has a mountain of debt.
Berkowitz at Fairholme has been riding it for a while, and he's no slouch, so now I'm overweight PFE, unless FAIRX sold it off recently.
Long term chart:

http://finviz.com/quote.ash...

They announce earnings on Tuesday.
Selling on strength yesterday has me a bit concerned.

Re: Trades for 10/16/09

Castor — Sat, 17 Oct 2009 13:27:55 -0000

AAPL, CAT, YHOO, MO, MS, WFC, USB, EBAY, AMZN, AXP and many others on tap next week. Market could use a breather but has potential to drag itself up to 1100 area
http://tinyurl.com/ykgahk4

Re: Trades for 10/16/09

facesincabs — Sat, 17 Oct 2009 12:29:48 -0000

I looked at my market charts briefly yesterday ... I had to conclude that in the short term I have no idea whether we continue to grind up here a bit more (on odd areas like oil, copper and other commodities) OR we see some more shock down events like Friday morning's overbought move ... the US Dollar and VIX continue to show a downward trend and that remains in bulls favor ...

http://tinyurl.com/ygbrnse

http://tinyurl.com/yhnnhx7

http://tinyurl.com/yzl688q (fwiw ... when I look at this chart ... March 2009 is much different than March 2008)

I would note that over at stockcharts the commentary generally suggests a continuing up move (following the trend) with eyes on the next $SPX retracement of 1121 ... John Murphy nailed the USO break out two days before it happened (which I personally did not consider to trade). Arthur Hill has noted that there are very few bearish confirmations here ... the only breadth indicators that are bearish at this time are the McClellan Oscillators ...

However ... I am lightly short the market (and no longs) with less than 10% of my account in some put positions ... positions like BAC continue to look like good shorts to me ... have a good weekend!

Re: Trades for 10/16/09

Teich50 — Sat, 17 Oct 2009 11:24:17 -0000

Good entry. I wished that I had reversed to short a bit of /ES too when I got out of my intraday long at 1087 on Friday.

Re: Trades for 10/16/09

patacon — Sat, 17 Oct 2009 08:24:37 -0000

Great commentary at this post, just as always. Thanks to everyone.

Some TA analysis showing IT top may be in place already.
http://elescolazo.blogspot....

http://elescolazo.blogspot....

Re: Trades for 10/16/09

Leisa — Sat, 17 Oct 2009 08:20:44 -0000

The links don't work because when they are pasted into this space (I had that problem at SOH) extra characters (%;s) were placed within the link. Might be a disqus(ted) issue, since I don't have that issue outside of this venue.

Re: Trades for 10/16/09

hiker — Sat, 17 Oct 2009 02:24:11 -0000

crude oil weekly chart, WTIC -

http://forums.technicalwatc...

INDU with TRAN daily charts -

http://forums.technicalwatc...

fyi - IYR weekly chart is giving mixed signals and it is too early/iffy to make an IYR or SRS new trade, in my opinion

- hiker

Re: Trades for 10/16/09

moo — Fri, 16 Oct 2009 20:30:38 -0000

yes, I am short over the weekend. thx.

Re: Trades for 10/16/09

jamesmarkii — Fri, 16 Oct 2009 20:08:22 -0000

SRS Jan 2010 11$ calls
:)

Re: Trades for 10/16/09

Brinkley — Fri, 16 Oct 2009 18:22:07 -0000

Thanks, just wanted to be sure.

Re: Trades for 10/16/09

Brinkley — Fri, 16 Oct 2009 18:17:32 -0000

diane kjs @ mac dot com.

Re: Trades for 10/16/09

urszula — Fri, 16 Oct 2009 17:59:03 -0000

Thank you, CL.

Re: Trades for 10/16/09

Doji Girl — Fri, 16 Oct 2009 17:58:51 -0000

I am still in the trade. I took your advice and rolled to the December and up a couple strikes and took some money off the table. I expect to add more if/when TBT drops closer to 45.

Re: Trades for 10/16/09

ChickenLittle — Fri, 16 Oct 2009 17:56:40 -0000

I stand corrected, thanks. Apparently it was a trade-off to stop the imposition of short-sale restrictions. Happened two weeks ago from what I can tell

http://www.securitiesindust...

Re: Trades for 10/16/09

Mr. Tuxedo — Fri, 16 Oct 2009 17:51:08 -0000

So this is not current?

http://www.nyse.com/press/c...

Re: Trades for 10/16/09

morrise — Fri, 16 Oct 2009 17:49:38 -0000

Hey Doji Girl..I don't know if you are still with the TBT trade but here is the long bonds analysis by EW...

http://screencast.com/t/ky1...
http://screencast.com/t/IXi...
I like looking at the yield charts better as it gives me a better prospective on what the price levels mean....have a nice weekend...

Re: Trades for 10/16/09

Teich50 — Fri, 16 Oct 2009 17:28:16 -0000

Hi Moo.

Futia called for an "imminent" retrace correctly yesterday. Partially because of his call, and that the Dow futures were positive after IBM's AH sell-off, I was leaning very short last night on /ES. His tweet was:

"$ES_F The ES will hold above 1083 for the rest of the day and rally into the 1090-95 range by the close. A 20 point break is imminent.
9:59 AM Oct 15th from StockTwits "

Re: Trades for 10/16/09

Rosabarba — Fri, 16 Oct 2009 17:21:52 -0000

Here's hoping. I've IYR puts and SRS calls.

Re: Trades for 10/16/09

morrise — Fri, 16 Oct 2009 17:19:45 -0000

I like that thought too....

Re: Trades for 10/16/09

katzo7 — Fri, 16 Oct 2009 17:09:40 -0000

Brinkley, I hope you know I was joking about that in saying our lawyers would be talking. And I did not know that you initiated the Happy Hour on SOH. Thnx for setting that straight.

Re: Trades for 10/16/09

ChickenLittle — Fri, 16 Oct 2009 17:08:58 -0000

On the New York Stock Exchange (NYSE), one type of trading curb is referred to as a "circuit breaker." These limits were put in place after Black Monday in order to reduce market volatility and massive panic sell-offs, giving traders time to reconsider their transactions.

Sorry, it was actually two years ago...

On November 7, 2007, the NYSE confirmed that the exchange has scrapped this rule as of November 2[1]. The reason given for the rule's elimination was its ineffectiveness in curbing market volatility.

Re: Trades for 10/16/09

Doji Girl — Fri, 16 Oct 2009 16:54:19 -0000

I have some puts on IYR. Meant to buy some SRS before the close but was too busy with other trades and forgot. I do believe IYR is going DOOOOOOWN.

Re: Trades for 10/16/09

urszula — Fri, 16 Oct 2009 16:44:45 -0000

Re: Trades for 10/16/09

katzo7 — Fri, 16 Oct 2009 16:36:46 -0000

Brinks,
Could you plz provide me with your email address? I searched SOH for it as I am a moderator over there and was somewhat shocked (LOL) that you have not posted recently over there. It is your civil duty . . . . I would like to send you an apology for my recent behavior in response to your response to me over there. Flowers? Candy? Chocolates? A well chosen poem from me? Plz pick your poison !