DISQUS

moo · 2 months ago

Feeling better, but this thing I caught waxes and wanes. I was feeling great last night, but then suffered early in the morning. The Tylenol masks the symptoms.

As per the market, my eyes are on the USD$. Ben recently said it will be protected and I believe him, but at the same time this market will only go up if the USD$ continues to crash. The choice is simple if you want to avoid anarchy in this country. Sacrifice the dollar otherwise higher interest rates will bankrupt America at this point.

EdK · 2 months ago

The question I see is: How can the dollar be protected and keep interest rates down? It is not at all clear to me as to how to do both. I believe Ben wants to protect the dollar but accomplishing it may be another matter...

InthePink · 2 months ago

Type your comment here.morning moo, get well soon. Thanks for continually providing a place for us despite your illness!

moo · 2 months ago

I'm incredibly indebted to Brinkley for keeping it going here. She is amazing. Thanks.

aviat72 · 2 months ago

One thing I learnt from my better half is not to scrimp on the Tylenol. I try to avoid medicines as much as possible but she insists that I take close to "prescription strength". After a few battles, she thankfully won.

Hope you are up on your paws soon.

Brinkley · 2 months ago

Just as a side note-- I am literally sitting here laughing out loud at this market. What a ride.

Tazman · 2 months ago

Your HERO call was a thing of beauty....point up Ms B....

Brinkley · 2 months ago

Thanks, it has worked well. ; )

mSquare · 2 months ago

HERO crossed your gap @ 6.27 and seems headed to the next one @ 6.77.

Great call and good of you to point it out as I still have some left.

Brinkley · 2 months ago

Thanks-- I'm glad you were able to take advantage of it. : )

Brinkley · 2 months ago

Yep. It may need to consolidate a bit near the first gap, but so far it
looks excellent. I'll continue to hold at least half of my position unless
the market deteriorates significantly before the close. My FSLR and BIDU
longs are also working nicely now.

Chuckles · 2 months ago

It is very entertaining isn't it. Nothing dull about it.

SnPMonster · 2 months ago

for SPY it seems like the best trade is sell at 110 buy at 108....I see a lot of put buying from 108 and below...to much protection for this market to go down...lol

moo · 2 months ago

As was the case last week with it looks to me there is smart selling happening...Look at Goldman Sachs and Intel since their earnings, pop and drop.

Institutional investors used the cover of better than expected earnings to distribute stocks to less savvy participants me thinks.

ISRG same...AAPL I suspect will do the same as well.

However, I can't ignore that the bulls took over 1080 on /ES. Might this mean a continued march up to 1120?
Maybe.

SnPMonster · 2 months ago

The strategy I see in a lot of stocks with high volume option activity has been pump it up and then drop a little then put in an Iron Condor... GS and OIH are pretty obvious....you can actually see that...so obvious

Teich50 · 2 months ago

Hi Moo.

Do you still have the small short position you built up from last Friday?

Thanks.

moo · 2 months ago

Yes I do Teich, but I will likely be abandoning it if there is bullish follow through...

The only way to harness this market's action imo is by nibble day trading. I had a terrific day today with just 2 stocks.

MS, HERO

MGM was abandoned early as it was too inactive and moved money out of there and into MS.

Unless the bulls give the 1080 area away again, I will likely be long in my day trades from this point forward.

Teich50 · 2 months ago

Good trading Moo!

I do find it a bit odd that the entire 20-point drop in /ES yesterday was retraced with good volume, given that the drop too was on very large volume in a very short period of time. Is Mrs. market telling us that she made a mistake yesterday?

A couple of days ago, Frank Barbera was calling for an extended trading range between SPX 1075 and 1125 from now until probably mid November [ http://www.financialsense.com/Market/daily/tues... ]. So far he's been right.

ropey · 2 months ago

treasury auction was the kicker - there's a huge one next week, i am long now till end of next week/following week or 1110 whichever comes first

Teich50 · 2 months ago

Hi Moo. I think that a 25-point sell-off is not enough to power /ES to 1120. What do you think? We'd need new blood to hang on to the shares, instead of nervous longs.

moo · 2 months ago

Hard to say at this point. Let's' wait and see if these bulls can hold /ES 1080 area. That is the key level imo. For all intents and purposes, these two days accomplished zero. Perhaps a warning shot to the gov't that these bankers don't like having their bonuses messed with...I'll be watching GS, MS, with their so called commercial banking status (give me a break) yet are taking high risk leveraged positions and putting the public trust using tax payer money at constant high risk. This is nothing short of blackmail imo....their charts will tell us everything we need to know.

Teich50 · 2 months ago

You are right...follow-through is key. The bears sure did not follow through today.

moo · 2 months ago

I do, but if there is follow thru tomorrow on this market going higher, I
may abandon it.

Ashok · 2 months ago

Great observation, moo....welcome back......hope you are doing better.....missed you..!

moo · 2 months ago

I missed being here Ash... How goes it with you good friend?

Ashok · 2 months ago

I am doing well....thank you...../\..

ropey · 2 months ago

GS was acting quite weak until the closing stages of today, taking out 184 will likely net another back upto 186-188 or so but i am keeping an eye on it as i feel a run down to 175-177 is not out of the question. Sadly may have to be timed with the general market rollover

Brinkley · 2 months ago

HERO first gap fill is @ $6.29 and the second fills at $6.77.

Tazman · 2 months ago

Nice call Ms B......

moo · 2 months ago

selling my MS position here....what a day.

Rosabarba · 2 months ago

Sounds like you're feeling better. :-)

moo · 2 months ago

Overall yes, but this thing comes and goes....just like the market. Thanks RB.

urszula · 2 months ago

A very wild ride on the ES Express today.
My platform (Infinity AT) could not keep up with the price movement when I went short @ 1079.25. Huge gaps. Was sometimes hard to tell where the price currently was + my PnL column was consistently wrong. This continued for @ least 40 minutes.
I decided it was best to scalp. Am still doing that but expect further upside: some price targets - currently - are 1081.5 and 1085.
No longs with good enough odds for me @ the moment.

Brinkley · 2 months ago

Potential intraday double bottoms on numerous gold stocks as the $USD/UUP heads back towards the lod.

zstock · 2 months ago

This is what keeps EDUC sector from excelling, imo.
ESI down $7--( education ) its bad-debt expenses increased and the cost of its classes and administrative expenses grew.
http://finance.yahoo.com/news/ITT-Educational-3...
On a side note! This guy at yahoo can't spell--Yahoo is going to fire the Author

moo · 2 months ago

MS, MGM, HERO

BigIslandLife · 2 months ago

Who let the dog out!!!! Glad your back and felling better Aloha

moo · 2 months ago

Aloha!

toad37 · 2 months ago

Hi friend, Hope you feel better soon.

moo · 2 months ago

thanks toad!

moo · 2 months ago

thanks toad.

hiker · 2 months ago

SPY 60min

topping potential SPY 110.30 X 110.80

count this as my potential " top" call no. 1

http://stockcharts.com/h-sc/ui?s=SPY&p=60&st=20...

Facesincabs · 2 months ago

I noticed the banking stocks ramping up today so I covered my BAC position today ... the banking index bounced off its 50 MA and regional banks clearly crushed eager short entries today with their reversal ...

I am long a good bunch of FXP ($8.09) ... we'll see if I am correct about this one (I saw some funny movements in the overnight markets last night) ... I am also going to begin to focus on individual stock picks (and less on ETF's like I have been) ...

To keep things technical here's a chart ... http://tinyurl.com/yg8kr8o (until the $TRAN confirms with a higher high I see little reason to be too bullish) ... one scenario that could play out tomorrow is second day rise up on commodities ... the cyclicals and financials led today (commodities did not) ...

I will watch price action closely at these levels on the $SPX (1102, 1108, 1121) as the markets most likely grind up in front of the weekend ... I will be surprised if the $SPX gets above 1109 (and will probably get long if it does) ... and since AMZN blew out earnings (up 14% after the close) it is a bit peculiar that the ES is only up 1.40 now ...

If Disqus continues to have problems you will know why I am not here ... good luck to everyone tomorrow (especially with using Disqus)!

fstrtrdr · 2 months ago

Based on DOW theory primarily? Thanks for the chart & reasoning.

Modab · 2 months ago

Well, Just sat back down and The H&S on the $DXY broke below the neckline at $75.20 (5 min chart) and off went the markets. Has a target of $74.95..... Wish I was here to take advantage of it.... I am sure there will be many more good setups.

Keep and eye on the ol buck...thats whats wagging the dog.

Tazman · 2 months ago

Well blew out the weak shorts....now what?.....kill the weak longs?

urszula · 2 months ago

This is too crazy for me. I'm going to sleep.
See you all tomorrow

Brinkley · 2 months ago

You don't think this is fun? ; ) I was bored to tears earlier, but am having a blast now. Sweet dreams, Urszz-- see you tomorrow.

urszula · 2 months ago

When 93% RLs are broken it's time to step away.
But I'm glad you're having fun ;-)

loaf_of_bread · 2 months ago

Type your comment here. If I may butt in here and comment over your shoulder ,this market is famous for gap fills, the RLs are great for estimateing odds and since we are in a bull market you can bet the teeny tiny gap at 1090 on the one minute chart was filled from yesterday along with the gap at 1074 was filled from two weeks ago got filled. There are other gaps check your charts , there is a zone of instability all the way up to 10,333 from a year ago. Check my discus rants. Your friend Loaf

urszula · 2 months ago

I don't use charts.

urszula · 2 months ago

My apologies, loafy.
I realised - too late - how brusque my reply seemed. 'Twas not my intention.
I am running around like a mad thing getting everything organised so I can fly to see my not-very-well Mama.
I appreciate the point you made but cannot "check my charts" as I have none to check ;-)
Hope you're having a pleasant weekend.

InthePink · 2 months ago

yeah that's a pretty big deal to have a 93% chance short broken... what was the number if u don't mind me asking?

urszula · 2 months ago

1085.9.
Next one was 1091.5 with 97.5% odds and that too was broken though i see that the ES has fallen below it now.
I like volatility but when such high odds RLs are broken it's hazardous to continue trading if you're a daytrader.

InthePink · 2 months ago

yeah I don't blame you... I was very surprised to see 1083 taken out
and then 1088. As a consequence i avgd in short @ 1089 and 1091

urszula · 2 months ago

Can't recall how the day closed but i hope you did well, Pink.
The ES is far from my thoughts and will be for the next few weeks.
All the best with your trading, dear Pink.

toad37 · 2 months ago

The only way a trader could have fun with this is if they had a high level of confidence. You obviously do Brinkley, and I'm working on that too. ;-)

Chuckles · 2 months ago

Good night Urszula, see ya tomorrow.

Dutch · 2 months ago

I did what you did, only 3.5hrs ago!

springheel_jack · 2 months ago

Very busy chart for everyone here. Apologies for the dense content but I was trying to fit a lot into it:

http://www.screencast.com/users/springheel_jack...

It is the updated rally wedges & trendlines chart with the bear wedge upper channel drawn back to Nov '08 (Thank you Dutch), and the declining trendline from the Oct '07 peak to the May '08 top.

Interestingly the two key trendlines (black) will intersect at about 1110 in slightly over a week.

Another thing to note is that the bear wedge from July only, which broke downwards in late September, has retested the lower channel line (blue), now at 1100 and rising at about two points per day, and failed to break back in with any conviction. That strengthens the bearish case here, and suggests any significant rips here should be sold.

If we haven't already made at minimum a major interim top, we should not be more than a few days from doing so.

Modab · 2 months ago

GM fellow traders...

Took off my shorts in the am as we could not break the /ES 1072 level.... Had puts/calls on SPY, TZA, FAZ, RUT, BAC, SRS, FXP, MNX, ... sold them from the /ES 1072 level thru 1077 level...all in batches.....

All in all it was a great trade... I still feel we have much more room on the downside but I did not think we were going to roll over today as Banks are relatively strong..GS is a good indicator and has been green all day. Dont have the stomach to give back the 35% ROI in just 2 days.....

They came close to shaking me out yesterday, but I hung in there and left the house for a few meetings...came back home to a delicious surprise....

Not sure if this last reversal will give us the start to the next leg down.....but I decided today that although we may see SPX $1000 sometime in the next week or 2, it is very possible for us to just trade sideways for a while...and kill my option premium.

Will watch the KING DOLLAR.... for upcoming clues of what's to come.

InthePink · 2 months ago

Mo,

Glad to hear all is well with ya! GL mi amigo

urszula · 2 months ago

Good morning gang ;-)
Special hello to Sir Taz, the charming Pink and the well-balanced Chuckles

ISLDGUY · 2 months ago

Thx for the note. Check your inbox.

urszula · 2 months ago

No more praise for you, young man. Is *chutzpah* your middle name?

Tazman · 2 months ago

Good morning Ursz....good scalping...

InthePink · 2 months ago

morning Tazanator

Tazman · 2 months ago

Today LOW?....

urszula · 2 months ago

I think you should have your own tv program: Trading with Tazman
Real humour, daring, and recipes as well ;-)

InthePink · 2 months ago

well hello there! top 'o the morning

moo · 2 months ago

Hi urszula. I read we will be missing you soon. Best wishes and health to your mom from me.

urszula · 2 months ago

Thank you, moo ;-)
I will come here when i can.

How are you feeling?

moo · 2 months ago

This thing comes and goes...just want to avoid any possibility of a relapse. At times I feel "normal" and then bam, I loose all my strength it seems. Thanks for asking...

urszula · 2 months ago

Just saw your comment about how you're feeling....so my question has been answered

Chuckles · 2 months ago

...and Good Morning to you too.

InthePink · 2 months ago

Throughout October, the ES intraday range has averaged 12 points, so if it opens 76-78, that'll give an 83-90 upside and 64-70 downside... so perhaps a 64-70-76-83-90 deal? Let's see what happens

moo · 2 months ago

In the week ending Oct. 17, the advance figure for seasonally adjusted initial claims was 531,000, an increase of 11,000 from the previous week's revised figure of 520,000. The 4-week moving average was 532,250, a decrease of 750 from the previous week's revised average of 533,000.

Master Shake · 2 months ago

A year ago I never would have said that we wouldn't get at least one month of positive job growth this year. This is incredible.

moo · 2 months ago

I think it will likely continue as well. Thanks MS, how's the newest addition doing?

jayinasia · 2 months ago

Good Morning Folks.

If you are looking for a POSSIBLE trade the hourly on AUD/USD is forming a nice 3 day long H/S. Right shoulder 0.929 Head 0.933 Left shoulder (forming now) ~ 0.929.

ropey · 2 months ago

frustrating, traded great alld ay then threw all the profits away with a bearish position on AMZN - didn't think or look at the charts. pull up a weekly/montly, is that the biggest inv h&s you have ever seen or am i deluded? lol
Anyway going long s&p now on any and all pullbacks, a monster treasury auction is looming next week, i expect that to coincide witht he peak of this rally ( finally ) and will short around 1110 or thereabouts ( assuming its post-auction) and see how it goes..
Todays action is extremely similar to what happened a few months back, i recall a day doing exactly the same thing and the s&p prompty went onto new highs shortly after. Suspect the backtest of the channel broken yesterday is going to get hit tomorrow and then they'll chop their way through the previous resistance once more..
It's a shame the technicals work beautifully until the fed stick their stupid oar in..

moo · 2 months ago

I am short AMZN just now in after hours at 107.35 and will likely hold over night.

Brinkley · 2 months ago

All-time high $113.00, not too far off.

moo · 2 months ago

Thanks B.

ropey · 2 months ago

whats your exit? Are you expecting an intc/gs/aapl type behaviour? Gien the market looks primed for taking out the 100.30 level soon - wondring what the legs are, the short interest wasn't especially huge but given amazons previous earnings pattern it can run like usain bolt when it does get a bit of momo behind it.

moo · 2 months ago

I will likely exit in pre market tomorrow. Thanks.

TraderTamas · 2 months ago

Something awful is starting in this country.

http://www.youtube.com/watch?v=PSZri7AUcGg

http://www.huffingtonpost.com/eric-e-burns/fox-...

With the White House taking shots at Fox "News" and Obama implying republicans don't think for themselves I can't help but smell the beginnings of a revolution. I've heard it before from Ron Paul and Tahir over at www.f8analysis.blogspot.com but haven't really believed it till this week.

moo · 2 months ago

bulls take 1080 which is decisive...what a reversal day from yesterday.

Gold miners did not follow despite USD$ going down. DJI gain +130 1.3% @ 1081, S&P 1.06% @ 1092.87

The entire move yesterday is now gone.

Brinkley · 2 months ago

And on respectable volume.

moo · 2 months ago

but not really significant either....no?

Brinkley · 2 months ago

Hard to say-- it could be. It would be significant if today's reversal higher had occurred on notably light volume, but it didn't. Compare SPY volume for yesterday and today, for instance-- and today's action essentially cancelled out yesterday's. If the first truly vicious plunge in a good long while is immediately erased with overall comparable turnover-- I would think that conveys a message. Still need to run my charts.

ropey · 2 months ago

the surge came bang on around 11:15o r so? i think it was when those treasury results came out. Everytime the fed does one, the same pattern always emerges, so for the 'final' one i expect a similar thing next week and it's a monster - well over 100bill$+. Today there was a big upsike in the net volume - was intially negative then the macd on the vol started crossing and turning up...i was thinking maybe 108.40 was it but then as soon as it took out the open it should of clicked. Funny how easy it is to get a little blindsided..i was so focused on the drop from 110, i managed to get out almost to the cent on the gap fill at 107.50 and patted myself on the back -t hen went back into stalk mode with the 'short on any upmove' mentality - bah....need to try and keep my mind more open - you know when you get that sick feeling when you think they are going to keep pushing the opposite way when you're on a trade, i had that as soon as i started fighting the internals later in the day lol. Live and keep learning.

Teich50 · 2 months ago

I was wondering if Mrs. Market made a mistake on Wednesday selling off viciously.

fstrtrdr · 2 months ago

But it still chewed up 1% of my trading account in the chop. One arguement against hard stops that are visible to the vultures!

RSFTrader · 2 months ago

I'm watching for a break of the multi day trading range were in. I think we'll have one to the upside tomorrow.

mSquare · 2 months ago

*Trade(s) Alert*

TZA - Lost on my TZA trade - a small loss as I bailed out earlier than stop when I saw EUR/USD kept going higher.

AMZN - Put spread should be nice and green tomorrow with it up over $9. Instead of cashing-out on the spread tomorrow, I may roll the Nov 85 long Put to Dec and continue to hold the Nov 90 short for better profits.

Doji Girl · 2 months ago

Can you explain how rolling the long side to December, for which you will have to pay a premium, will increase your profits? tia

mSquare · 2 months ago

Rolling will not increase my profits at all by itself. I said that as my idea was to roll the 90 Put shorts to Dec as well - hopefully make me more profits.

However, all this was before AMZN went above 107 in AH, so I will re-evaluate tomorrow, but now more likely that I will just cash-in and move on...

SnPMonster · 2 months ago

todays best trade is so far shorting the VIX....

Brinkley · 2 months ago

UUP lod. And I still can't stop laughing.

Viper · 2 months ago

If it's funny now, you're sides are really going to hurt at 1220.

Brinkley · 2 months ago

1229 has been my number from way back-- but hey, I'm flexible. And my sides already hurt!

Viper · 2 months ago

:) We better start doing some ab workout's along with studying TA.

InthePink · 2 months ago

well, we got ourselves a 22 pt ES intraday range so far, well above the 12 pt avg for October... not sure what to make of this, except that i can't rely on one month's stats to determine a trading range!

Tazman · 2 months ago

Left HOV @ 4.24....nice scalp...paid for the SRS trade....and a 6 pack.....

Brinkley · 2 months ago

On my radar: RDN, WCRX, RINO

Doji Girl · 2 months ago

For tomorrow or today?

Brinkley · 2 months ago

More for tomorrow, but I started nibbling on WCRX and RINO-- small for now.

Doji Girl · 2 months ago

RDN looks like a H&S top that is retesting. I do like WCRX though.

Brinkley · 2 months ago

It does, and I've noted that-- but if it breaks the downtrend line decisively, it may be back in play on the long side. No position yet in this one, but it earned a spot on my watch.

Tazman · 2 months ago

MPEL....why did I not buy AM.....?

Done for the day....good finish all...

TenYear · 2 months ago

what is going on in the market, why all the buying all of a sudden?

Chuckles · 2 months ago

Haven't you heard? Everything is going to be okay...buy, buy, buy... ;^)

Rosabarba · 2 months ago

Dollar dollar bill, y'all.

Chuckles · 2 months ago

Yea I get it Rosabarba but I thought the pullback yesterday afternoon and the fear factor would give us at least a second day down before resuming the upward trend.

Rosabarba · 2 months ago

Well, we had quite a bit of follow-through this morning.

Maybe the fear of being stuck in depreciating cash or depreciating fixed-income investments trumped the other kind. Or maybe this is just a short, oversold bounce. Couldn't say, really.

zstock · 2 months ago

DID you see the DIA 105 high the other day? It was on the charts for 2 days, now it's been taken off.
I saved the chart --I should post it--

Tazman · 2 months ago

Left BQI @ 1.59.....even....no MOJO today.....

Still holding that POS ULBI....from 4.32.....

Tazman · 2 months ago

Went AVII @ 1.67....volume picking up.....

toad37 · 2 months ago

Ride it Tazman,... still in from 1.57

Tazman · 2 months ago

What's up Toad mister?....did a $157K SPIA last night........52 Male...mother left him some bank....

AVII @ 1.74.....let's see if she will run....

toad37 · 2 months ago

Nice Taz, you have a good set-up... little work, little play.. I wanna be you when I grow up. ;-)

Tazman · 2 months ago

Did you sign up for Swingers service?

toad37 · 2 months ago

Type your Nah, tempted too, but I need to start relying on myself... take off the training wheels for a while and trust myself. I'm focusing on attitude and money management... the right trading system or technique will come in due time.
here.

toad37 · 2 months ago

Nah, tempted too, but I need to start relying on myself... take off the training wheels for a while and trust myself. I'm focusing on attitude and money management... the right trading system or technique will come in due time.

DavidDT · 2 months ago

Lucky you - disqus is working :)

Tazman · 2 months ago

David....don't see your morning post on the blog????

zstock · 2 months ago

Hit the refresh the page button--That's how I'm getting Discus to work.

Brinkley · 2 months ago

TRW acting very well, nice chart for a potential swing play. I showed the chart in yesterday's post, fwiw.

senrex · 2 months ago

Hi Brinkley, following it closely. R U bothered by the low volume should it break out today?

Brinkley · 2 months ago

I like the action and the chart in general. No specific breakout date targeted, it's intended as more of a longer-term play at this point.

SnPMonster · 2 months ago

GS is likely to be trading between 175 - 190.

I did a study on the 13600 call options at 190, welcome to read....

http://snpmonster.blogspot.com/2009/10/gs-optio...

thyname · 2 months ago

** Trade Alert***

Long TSO. Nice pullback on recent breakout. Tight stop at 10c below LOD. Take a look at both weekly and daily charts. I may be mistaken but TSO has formed a nice cup and handle pattern, and an inverse H&S (not so good pattern).

BTW I am reading William O'Neill's "How to make...." book. Nice and easy vacation read. Brinkley, correct me if I am wrong, but I think this book has an incredible influence in your trading style (for your longer term, swing trades). At least during the past few months I am following your trades. Again, I may be wrong on my findings.

shifthappens · 2 months ago

Good day Moo, glad your feeling a little better, good trading everyone today...
Treasury Sets Record $123 Billion Auction for Next Week .
http://www.cnbc.com/id/33432491

moo · 2 months ago

thanks shift!

MovinFwd · 2 months ago

Some trading books on the way:
"Mastering the Trade" John Carter
"Candlestick and Pivot Point Triggers" John Person
Some mind training books on the way:
"The Power of Concentration" Theron Q Dumont
"Discipline : Training the mind to Manage Your Life" Harris Kern
"The Master Mind : The Key to Mental Power, Development and Effficiency" Theron Q Dumont
"Find Your Focus Zone: An Effective New Plan to Defeat Distraction and Overload" Lucy Jo Palladino
"Unleash the Warrior Within: Develope the Focus, Discipline, Confidence and Courage You Need to Achieve Unlimited Goals" Richard Machowicz
I study who does well, so:
"No Excuse Leadership: Lessons from the US Army's Elite Rangers" Brace E. Barber
"Leadership Lessons of the Navy SEALS: Battle Tested Strategies for Creating Successful Organizations and Inspiring Extraordinary Results" Jeff Cannon
For relaxation during/after the markets and for life:
Awaken Your Strongest Self: Break Free of Stress, Inner Conflict, and Self Sabotage" Neil Fiore
"The Fine Art of Relaxation, Concentration & Meditation, Revised: Ancient Skills for Modern Times" Joel Levey.
And one I most likely really need HA! :
"The Art and Science of Personal Magnetism : The Secret of Mental Fascination" Theron Q Dumont

Most are inexpensive. We'll see. Thanks urszula for showing me that people do read.

InthePink · 2 months ago

That's a very nice book list! I have Dr. Steenbarger's two most recent books coming my way soon.

MovinFwd · 2 months ago

All three of Dr Steenbargers books are excellent. The most recent "The Daily Trading Coach" is over the top. A huge help for any trading related issues, broken down into 101 lessons that can be referred back to when the situation arises. The right book at the right time.

InthePink · 2 months ago

Awesome deal... I guess I will read his older one first, then move on
to the Daily Trading Coach. Thanks for the info!

Brinkley · 2 months ago

Small h/s pattern on the /ES I'm watching. Annoying action thus far.

toad37 · 2 months ago

Hi all,

Inverse H&S forming on ES today if 1075ish holds?

http://www.screencast.com/users/toad37/folders/...

Brinkley · 2 months ago

Hi, toad-- I've been watching it also, but it's not a great pattern-- not to mention it lacks the required preceding downtrend to make it optimal/"correct." It could still be a bullish setup, but note it also has/had a smaller h/s pattern within (which failed). Need to take out the hod and we'll see if there's any traction.

toad37 · 2 months ago

Thanks Brinkley. I noticed the dollar just broke out of a small bullish falling wedge a few bars ago too.

urszula · 2 months ago

There was an Hourly close down so my price targets for shorts have changed.
I'm going to take a break and then work out what to do.
[Later] I like 1084.25 and.....maybe 1085.75
[Later still] Another possibility is 1084.25

Rosabarba · 2 months ago

Hell of a ride for HGSI today ... 10 percent swing, and it appears to have washed out the recent profit-takers.

urszula · 2 months ago

Short @ 1079.25

InthePink · 2 months ago

awesome short! I got in short @ 1078.50, expecting some rotation to 76-74 area

Brinkley · 2 months ago

Pattern looking ST bullish to me...

InthePink · 2 months ago

rightfully so, I noticed 1077 acted as support... will add from 81-83 if needed, as I planned on scaling into this. Might work, might not

Brinkley · 2 months ago

Well, ST it got a brief pop, now an h/s pattern trying to unfold. Gotta be nimble today.

ChickenLittle · 2 months ago

Reapproaching the highs. Here is what I am seeing in my portfolio. I am holding DRV, FAZ, AGQ, and TWM. Might kick myself later for jinxing my portfolio, but it is only down about a fraction of what is was down earlier this morning. So basically, small caps and real estate are remain weak. Financials are improving slightly and precious metals are strengthening.

Tazman · 2 months ago

TRADE ALERT

BQI @ 1.56.....

old_sparky · 2 months ago

Does anyone trade the VXX ? It put in a high volume hammer yesterday. 6x normal volume. ETN based on the SP500 VIX Short Term Futures Contract.

Dutch · 2 months ago

I have and unless you are really in-tune to market direction changes, its a tough instrument. It'll get some nasty bid/ask spreads that make it tough to market in and market out of. However, if you're looking for a swing position for a couple weeks to a couple months, it could be good. Yesterday was a new year low.

My issue is everytime I've been ready to long it, it's gone lower. It needs to prove to me it can sustain an uptrend and this market have more emotion than robot high frequency fed induced POMO buying.

SusieT33 · 2 months ago

BQI moving again today. Big volume again today.

Tazman · 2 months ago

You are Killing this thing......on my screen...

Watch PQ if oil starts a move....

Facesincabs · 2 months ago

gm to all ... (welcome back, moo)

been busy scalping ... shorted EBAY (24.20) and so far that looks like more than a day trade ...

Nat Gas in 15 minutes ... UNG has been a good short above $12 recently ...

watching 1070/1071 area on ES today ... good luck to everyone today ...

(I will not be around too much because some upgrades are being done to the home)

moo · 2 months ago

Thanks Bear and thanks for continuing to share here. Much appreciated.

Rosabarba · 2 months ago

Nibbling on the PMs, just a few MAR 55 calls on GDX.

Brinkley · 2 months ago

Trading could be treacherous today, Folks-- we're all over the place in the early going. I've been scalping BIDU and FSLR. TSL on the long side has held up very well. PNC, which has been an IRA long was a nice surprise this morning. First gap on the $SPX came within a point of filling, but no cigar. Anything goes today at this point.

mSquare · 2 months ago

SNY - A slow mover but buying Dec OTM calls. Already own stock from long but adding Calls here for a couple of months trade. With earnings, H1N1, us$ weakening and one more pop of /ES towards 1120 should make these calls a double. Lastly, a nice chart too
http://finviz.com/quote.ashx?t=sny

InthePink · 2 months ago

TRADE ALERT

short ES @ 1075.75

InthePink · 2 months ago

covered for a tick, not feeling the short side so much right now

rrman · 2 months ago

good one should be about it the 5" isnt moving much on the /dx

InthePink · 2 months ago

morning everyone.... next major support area I see is 1064, resistance @ 1083, 1088 $ES_F

Chuckles · 2 months ago

moo, welcome back to the world of the living.

InthePink · 2 months ago

1068.75 open gap from 10/13, 1069 vol virgin POC on the lookout for $ES_F downside as well

Rambo · 2 months ago

Pretty huge moves on the KNDI. JST a fact.

Tazman · 2 months ago

Nice your back....

Rambo · 2 months ago

I peek in here and there, Taz. Busy but always looking for trade ideas. BEE got downgraded to a buck yesterday. Think by a no-name. GL/trading.

Tazman · 2 months ago

Is "The Dog" in the house today?

moo · 2 months ago

yep, I'll be hear as long as I feel good enough Taz...

TenYear · 2 months ago

looking for a small bounce early then its downhill.


yay I got to post!

TenYear · 2 months ago

DOLE : IPO scheduled for today and the open market tomorrow. Anyone playing?

Tazman · 2 months ago

Nope.....

On the negative side, the company is loaded with debt, to the tune of $2 billion; investor David H. Murdock, who has controlled the company since 1985, took it private in 2003 and financed it primarily with loans. All the money being raised in the offering will be used to pay down debt; that, in combination with several other transactions, will trim the debt load to $1.6 billion after the IPO.

TenYear · 2 months ago

morning Taz.

yeah, the debt thing kinda turned me off too.

DrNo · 2 months ago

Cramer liked the idea on the ipo, i think at 13-15?

TenYear · 2 months ago

yeah, kinda turned me off.

Chuckles · 2 months ago

Anybody like TAP or CIEN this morning?

Brinkley · 2 months ago

Good morning-- reading through some of the comments, I felt I need to clarify a couple of things. When the market reversed yesterday I exited many -- not all-- longs, and got in several inverse ETFs to both profit on the way down yesterday and to hedge remaining longs while this sorts out. I'm not calling a top at this point-- I need to see what kind of follow-through, if any, we get. HERO and MGM are two that I'm still holding, btw. They're intended as swing plays at this point. I also still have my precious metals and several oils.

Welcome back moo-- you have been missed!

moo · 2 months ago

Thanks you kindly...super job keeping the gang here rip and roaring b. Thank you for all you do here.

Sentiment_Al · 2 months ago

Good morning, moo -- welcome back!!

moo · 2 months ago

Thanks SA!!

greekgoodies · 2 months ago

Good morning u cute little blue bull dog.....

Tazman · 2 months ago

TRADE ALERT

YRCW @ 3.27.....

dumamay · 2 months ago

Type your comment here.I think you're playing w/fire on YRC

Tazman · 2 months ago

Just a day trade....lower BB range on one month chart.....10 day chart.....

Rambo · 2 months ago

back in IEC half position. Gap JST below. Whatever.

Tazman · 2 months ago

Watching MPEL.....

Rambo · 2 months ago

Got stopped on AFN. Traded it a few but lost prolly a thousand. POS.

Tazman · 2 months ago

DRL....soon

Rambo · 2 months ago

I still have a little tucked away. Also some AUTH, CRTP (china battery), a little CYTK, Nibbled on RTK and prepared to buy more till I win, AHR as a lottery and scalping STAR LOL

Tazman · 2 months ago

Look @ CRDC....big swings from 1.40 range....today was a big move....

Rambo · 2 months ago

Will do. CYOU later. Goog trading.

InthePink · 2 months ago

UPDATE

too busy this am to state trade alerts, but so far doing well w/ +2.50 and +3.50 on trades respectively.

1068 is about 12 pt range from 1080, so that would coincide with the gap fill and vol virgin poc

Rambo · 2 months ago

In LWLG.OB since 1.34. Still trickling upward. Took half off Yesterday. Low float. Announcement due.

Tazman · 2 months ago

Nice run.....I saw you took a position....

Rambo · 2 months ago

BOT back ENCO two days ago @ .41. Was going to add but.....we'll see....this was a previous lottery stock of mine if you recall. I like the volume awhile back. Huge. Offering also recently @ .40.

Then Yesterday...Cut&P....

Multiple Insiders of Encorium Group, Inc.(NasdaqCM: ENCO | Quote | Chart | News | PowerRating) bought 3,937,500 shares of ENCO from the open market on 2009-10-20. The stock was up 5.46% after the InsiderCow.com report.

Trade amount: 3,937,500 Shares

Trade type: Open Market Buy

Price Range: $0.40

Tazman · 2 months ago

Also TUNE @ 1.90 range.....

Tazman · 2 months ago

RNN....pop and drop?......

greekgoodies · 2 months ago

No ........pop and poop! Still in...looking @ .85

stealthadvisor · 2 months ago

get well soon moo!

moo · 2 months ago

will do stealthadvisor....where have you been? let me guess, on twitter. How's it been going for you?

stealthadvisor · 2 months ago

Hi Moo,

Yes, I'm on twitter...or at least that's where I tend to make comments.
Mostly on the ES.

Things are good. I'm sim trading the ES, which is getting better. I've been
good on direction but still need work on trade entry.

I tend to read the blogs mostly by my disqus subscriptions, which cuts out
the chit chat.

I hope you feel better soon. Maybe you can still get some good rides in
before it gets too cold. I'm a long retired racer, but I've been training
fairly hard recently.

Cheers,

S

InthePink · 2 months ago

TRADE ALERT

sold AAPL Nov 200 puts @ 3.80 << day trade only

InthePink · 2 months ago

stopped out for -0.35

Tazman · 2 months ago

TRADE ALERT

Left YRCW @ 3.34.....3.27 entry...scalp....

Chuckles · 2 months ago

Are you in PCS? no position for me.

Tazman · 2 months ago

Nope....nice run....

Tazman · 2 months ago

Left BEE @ 2.20.....entered yesterday @ 2.18....no MOJO....move on

AKNS....left @ 1.14...enetred @ 1.11......yesterday....stuck....

Tazman · 2 months ago

HERO.....

Brinkley · 2 months ago

FSLR, TSL, AGU, POT longs today most successful so far. Tight leash on all. Nice recovery in precious metals and oils. APC nice action, no position at the moment.

Dutch · 2 months ago

No trend established in the first hour and a half.
Measured move back to 1082 support.
Lack of trend after 1.5hrs in the market.
Nasty golf ball sized knot under my left shoulder blade running pain up into my neck which I can barely turn.

Be back later guys and gals. GOOD LUCK!

mSquare · 2 months ago

* Trade Alert *

TZA - Bought small position @ $11.87. Will buy more @ 11.7. Stop loss 2%. Hope to ride to 5% profit. Will likely bail-out if FXE > 1.5 too.

greekgoodies · 2 months ago

A crazy day......leaving this madness for the day....going over to Princeton for lunch with the wife now.....a beautiful town.

MovinFwd · 2 months ago

Some info for those interested: http://fearandgreedtrader.blogspot.com/
The older posts on the lower RH side.
The ebook "The Power of Concentration"
Best Regards and Happy Trading

Modab · 2 months ago

$DXY UPDATE

Just saw a Head and shoulders formation on the $DXY 5 minute....neckline around $75.20..... a break below that would give us a potential target of $74.95...would shoot up equities and commodoties....

Got to run :)

Chuckles · 2 months ago

LEAP is no slouch today.

TenYear · 2 months ago

trying BAC here

RSFTrader · 2 months ago

Sorry, I've never shorted anything before. To cover a short position do you just buy the quantity you're short?

wex · 2 months ago

Yup, Make sure that the purchase is in the same type as the sale. Brokerage firms have different types for cash, margin and short trades.

Rosabarba · 2 months ago

There should be a specific "Buy to Cover" option.

RSFTrader · 2 months ago

In TOS? I don't see it.

thyname · 2 months ago

Under the Monitor tab, Activity and Position sub-tab, click on the small little dot on the left of your short position. You will see a menu, and "create a closing order" is what you want.

Rosabarba · 2 months ago

I don't have TOS, sorry. Usually, the four basic options are Buy, Sell, Sell Short and Buy to Cover.

Brinkley · 2 months ago

PNC is making my day. Super move. I have held this for quite awhile because of the chart, and had said my swing target was the gap fill near the May high, which it may hit today or very soon.

mSquare · 2 months ago

What is the EUR/USD symbol in TOS please?

humbledukes · 2 months ago

/E7 is the mini euro symbol in TOS.

mSquare · 2 months ago

Thanks. It is approaching yesterday's hi of 1.5044. Waiting to see if it goes higher than that (today)

Tazman · 2 months ago

HERO on fire.....

Beefstik · 2 months ago

I was wondering what is up with it...sold too early.

Tazman · 2 months ago

AVII catching a bid?......moving

mSquare · 2 months ago

AMZN - Mildly bullish after earnings.

How about a Put Spread Nov 90/85 for credit of $1.7 or so?

Tazman · 2 months ago

Went ARNA @ 4.26....BIO on the run?

Loved "Band on the Run" album....

InthePink · 2 months ago

If you were stuck on a deserted island, and only had one song to choose, which would it be?

For me, Band on the Run = 3 songs in one

Chuckles · 2 months ago

Bought SRS at the -2 sigma ($9.77) on the way down and was beginning to think it wasn't going to stop dropping.

Brinkley · 2 months ago

UUP new lod and morning gap fill.

Tazman · 2 months ago

Went SRS @ 9.66.....

Chuckles · 2 months ago

Good luck. Who would have ever thought that all of the fear that caused yesterday's excitement would be put to rest and we'd continue on our merry way up into the clouds.

Tazman · 2 months ago

SRS is just a day hedge....but you are correct.....

InthePink · 2 months ago

TRADE ALERT

tried my hand @ $SPY strangle selling 116 nov calls/ 103 nov puts @ 1.04 credit, 11% chance of reaching 116 by Nov 2 and 16% chance of reaching 103 by Nov 2.

Modab · 2 months ago

Just sat down... Like the trade... 87% chance of success is great in my book :)

Chuckles · 2 months ago

Out of SRS for a small loss. I held it thinking we would at least get back to the mean but that last high $TICK was enough for my stop to get hit. Fortunately I had taken a small position.

Added: If we get another big sell off at the end of the day I'm going to be PO'd.

zstock · 2 months ago

SPWRA, reports AH today--It could go either way--although UP is winning on average, when companies report

Brinkley · 2 months ago

EBIX won't quit-- about to test its highs, bull flag on daily.

Brinkley · 2 months ago

UUP new lod.

Tazman · 2 months ago

Left AVII @ 1.72.....entered @ 1.67....scalp....

Left ARNA @ 4.30 ....even....small position.....

Tazman · 2 months ago

Added 1/3 more SRS @ 9.56...

toad37 · 2 months ago

Hey melty melt-up'erson... jeeeez!

zstock · 2 months ago

95%-100% sure-- you will get 41.4 = 200 day QCOM, try to get a 40-40.5 entry

moo · 2 months ago

HERO coming close to gap fill of 6.29

Doji Girl · 2 months ago

Looks like dollar and gold decoupled a bit. Dollar and gold both down at once. I'm sooooo confused.

Brinkley · 2 months ago

GLD up slightly, at least. Miners lagging. I'm planning on blaming it on RB. ; )

Doji Girl · 2 months ago

Works for me! Gotta blame someone.
Problem is, I have no GLD and am loaded with miners.

Brinkley · 2 months ago

Same. But they're longer-term for me as long as the daily charts hold up.

Rosabarba · 2 months ago

Ha! Before you warm up the tar and tear up a few pillows, let's just see how this intraday pennant on GDX resolves itself, hmm?

Doji Girl · 2 months ago

I hate to say this but I see it breaking to the downside and filling that gap eventually at 45.

Rosabarba · 2 months ago

Nothing would surprise me at this point. :-)

Though HGSI's complete about face in half a day was somewhat surprising. Pleasantly so.

SnPMonster · 2 months ago

Gold is more coupled with GDX...just from my observation....I usually pay attention the the key resistance levels on GDX has a precautionary measure

nitemare · 2 months ago

I have been following the chat on HERO for the last two weeks or so. Jumped on board at 5.94 and got stopped out at 6.21 via a .10 trailing stop. Just wanted to say THANKS, and hope it continues to climb!

Brinkley · 2 months ago

Glad you were able to take advantage of the set-up, nitemare. : )

Chuckles · 2 months ago

Okay, I'm going to take one more shot at SRS. I've got a buy order in at $8.49.

Added: ...8.49, not 9.49... ;^)

SnPMonster · 2 months ago

Suddenly DIA is making better moves than SPY....sometimes its so difficult to decide which one to trade...lol

Rosabarba · 2 months ago

Perhaps a coincidence, but yesterday's Buying on Weakness showed no SPY but more than $100M in DIA.

Tazman · 2 months ago

HOV having a huge day....

Doji Girl · 2 months ago

All the homies are. Don't know why...their industry sucks. Got stopped out of puts a little while ago.

zstock · 2 months ago

KNSY looks like a really interesting BUY--there's triple bottoms, and then there's this__ 19 bottoms last 5 months at 25

Tazman · 2 months ago

WENT HOV @ 4.14.....

Tazman · 2 months ago

TRADE ALERT

Run over by SRS.....small loss....

Chuckles · 2 months ago

I feel your pain...

ChickenLittle · 2 months ago

Feel your pain. Still holding on to my TWM.

greekgoodies · 2 months ago

Still holding also on TWM it has to come around one of these days.

Dutch · 2 months ago

What selloff...bullish engulfing daily candle on the BKX bank index.

Dutch · 2 months ago

VXX another new low on the year. BUY STOCKS NOW! Where's the Koolaide...

kautilya · 2 months ago

TSCO island reversal happening......

Chuckles · 2 months ago

Increasing volume on TZA...

added: watching like a hawk this last half hour...

ChickenLittle · 2 months ago

Rebalancing that fund this afternoon would be one crappy job with the way the market has been all over the place. I would expect volume to continue on its current course.

Dutch · 2 months ago

I'll laugh if FAS pulls back to 85.91 to close

greekgoodies · 2 months ago

TRADE ALERT

out RNN @71 +.03 small profit

thought it would hit my target of .75

denmo83 · 2 months ago

They closed the gap from late yesterday afternoon.

denmo83 · 2 months ago

That gap from yesteday gets closed within 24 hours, but all those gaps below remain open. Hmmm.

Dutch · 2 months ago

The longer I wait...the cheaper my short entries become. I can't wait until the pomo runs dry and the dips stop being bought. http://evilspeculator.com/wp-content/uploads/20...

I'm sticking to my trend and volume rule. No early trend, no trade. It's frustratingly pointless to keep scalping thin air getting chopped or wiggled out of trades that go no where until finally some volume and buying comes in well after I've given it several attempts on better price structure opportunities.

We got the move with less than 2hrs left in the market today. I can't time it and I'm not going to try. The only thing working is leveraging in long on every dip. I've never been a position trader and I hate sitting through losses waiting for the trade to finally work.

SnPMonster · 2 months ago

I doubt we go much higher anytime soon, there has been a lot of option activity that limits upside as well as to limit downside. There could be more range trading until OpEx

Modab · 2 months ago

Range trading has been working pretty well. I took my shorts off of the table this am... Tried a small put position on the spy at the close.... Will trade the range till something breaks. Selling 10 delta Iron Condors have been been working well.

Thanks for your option info.... have a great night

BigIslandLife · 2 months ago

Dutch did you see that amlm was moving today $3-$2-$2.50 last I saw gota love pump and dumps

Dutch · 2 months ago

Our whole market is a pump and dump.

Chuckles · 2 months ago

I've got some errands to run but will be back in a few hours to look at charts and see who's around.
Thanks to everyone here for another great day. It's a Wonderful Life.

zstock · 2 months ago

XLE, that's down tomorrow

Rosabarba · 2 months ago

AMZN up more than 10 percent AH.

RSFTrader · 2 months ago

I reset my paper trading account today because I'm going to start practicing with the /ES.

Dutch · 2 months ago

What kind of performance did you end up with on the account?
# of weeks
% gain or loss

I took 100k: lost 30k, made 23k, then I started fooling around and throwing darts. I basically took a 100k account and churned 100k of it up and down in 6 months, ie. my total profit and loss was 100k of profit and 107k of loss. Kinda feels like internet casino!

moo · 2 months ago

swiped from : http://acrossthecurve.com/

RUSSIAN BONDS SOFT; HAIR TRIGGER SITUATION. HEAVY ISSUANCE COMING. DEALERS ARE POISED TO DUMP. INDIA ACKNOWLEDGING INFLATION…

Update: I just received that dealers full note:

THERE SEEMS TO BE A TOUCH OF NERVOUSNESS, ESPECIALLY IN EMERGING MARKETS. CHINA WAS URGED TO RAISE RATES IMMEDIATELY BY ONE OF THE HEADS IF ITS SMALLER (6TH LARGEST) BANKS. RUSSIAN BOND MARKET IS ON THE VERGE, WITH DEALERS POISED TO DUMP BONDS IF NO BUYERS SHOW UP. INDIA ACKNOWLEDGE THAT IT HAS TO LIVE WITH HIGHER INFLATION. GOVERNMENT BOND DEALERS ARE STILL WEEPING ABOUT HAVING TO BUY UPCOMING SUPPLY WITH OUT THE FED TAKING THEM OUT OF AUCTION POSITIONS. REUTERS FLOATED ONE OF THEIR PERIODIC WARNINGS ABOUT THE U.S. LOSING ITS “AAA.” PIMCO HAD A BLURB WARNING ABOUT A “DISORDERLY DECLINE” IN THE DOLLAR AND TECHNICIANS ARE WARNING ABOUT “KEY REVERSALS” IN U.S. STOCKS (LOTS OF WARNINGS!) BUT…THE ECB SAID THERE WAS NO INFLATION IN THE SYSTEM, FRENCH CONFIDENCE ROSE AND THERE IS TALK OF ASSET ALLOCATION OUT OF STOCKS INTO BONDS. WE ARE IN AND OUT OF THE FLATTENER GIVEN FRONT END SUPPLY AND WILL LOOK TO TWO STEP THAT INTO STEEPENERS AND OUTRIGHT SHORTS INTO THE NOVEMBER AUCTIONS OF 3′S, 10′S AND BONDS..

ChickenLittle · 2 months ago

Is that the post from this morning?

Doji Girl · 2 months ago

I'm not quite understanding all of that. Especially the last sentence about flatteners and steepeners. To cut to the chase, does that mean OUR bonds are going to get thrown under the bus and what are the implications for our equity markets?

moo · 2 months ago

"CHINA WAS URGED TO RAISE RATES IMMEDIATELY BY ONE OF THE HEADS IF ITS SMALLER (6TH LARGEST) BANKS."
" INDIA ACKNOWLEDGE THAT IT HAS TO LIVE WITH HIGHER INFLATION."
"REUTERS FLOATED ONE OF THEIR PERIODIC WARNINGS ABOUT THE U.S. LOSING ITS “AAA.”
"PIMCO HAD A BLURB WARNING ABOUT A “DISORDERLY DECLINE” IN THE DOLLAR"

All the above means to me that gold is going much higher. If rates were to rise you will quickly see social unrest rise to a level of anarchy and I truly believe that before any hint of that becomes "common" this gov't will throw the USD$ under the bus, as you say. I think the "steepeners" and "flattners" would mean the FED will be using its power to manipulate the short term yield curve. Money will simply pour into the most undervalued asset:GOLD. The timing of all this? Who knows when and how...but these dancers will take their steps according to their own rhyme and reason.

DrNo · 2 months ago

It is ironic i just watched the 6 part series on youtube about the crash/29 of which oct 26-29 in the 80th anniversary.Mole at ES is having a meltdown ,and Sol is short 1/2 the float of the equity of western democracies, and this suggest our bond-ponzi scheme is about to come undone as we need to raise another trillion or two.INTERESTING TIMES (I hate the expression but it is true at the moment , i suppose)

Ashok · 2 months ago

Long MSFT from 26.46 today...

mSquare · 2 months ago

MSFT - It is up in nice AH (I don't know why). Perhaps you want to sell @ 26.90 right now instead of waiting for earnings tomorrow AM.

Ashok · 2 months ago

:))......hmmmm....I did, actually....at $26.86

hiker · 2 months ago

you expect MSFT to move above 27.50?

Ashok · 2 months ago

It's at a new 52 week high in the AH.....and the chart says higher...if it can stay above 26.60/26.75......I did sell it though in the AH.....

Tazman · 2 months ago

Ms B....can we do a post over the weekend on how you play the market on a down swing?....

Your best friend.....Taz

Brinkley · 2 months ago

Can you elaborate a bit more on what you would like to see, Tazzy? And could you also tell me why I am suddenly having to delete the "type your comment here" every time I enter a new comment? It used to either not be there or would disappear as soon as you clicked in the box....

Doji Girl · 2 months ago

I'm having the same problem. Thought it was just me.

Tazman · 2 months ago

When the market starts a quick turn as we saw....do you use ETF's....shorts.....what are your weapons of choice?

fstrtrdr · 2 months ago

SYNA - I'm holding a position in December calls: BAM, looks like we hit the long ball. UP 4% today and 15% AH? Wish I could trade options after hours so something stupid doesn't happen before the open.

BTW - this was a zstock7 trade I took, sold profit, rebought same setup yesterday. I'll send my thanks in the morning, hopefully, Z!

Dutch · 2 months ago

This pretty much sums up my lack of enthusiasm lately:
http://bespokeinvest.typepad.com/bespoke/2009/1...

Chuckles · 2 months ago

Too bad we didn't know this two days ago...

shifthappens · 2 months ago

From optionmonster for tomorrow:
Home sales are the only item on economic calendar today, but first we will get a speech by Federal Reserve Chairman Ben Bernanke on the supervisory landscape at 8:30 a.m. ET. While nothing market-moving is anticipated, there is always a risk of price swings during his talk.

At 10 a.m. ET, Existing Home Sales will be released. Expectations are for the unit number to rise from the last report, with a forecast of 5.35 million units. The range is from 5.21 million to 5.5 million.

Chuckles · 2 months ago

Good moorning all. Good luck to everyone today.

fstrtrdr · 2 months ago

SYNA & AMZN in ah & premarket are talkin loud. I hope they keep talkin after Big Ben does his talkin'.

Chuckles · 2 months ago

MSFT is running up now. I looked at it 5 minutes ago and it was up less than one percent.

Tazman · 2 months ago

NCS on my screen.....

fstrtrdr · 2 months ago

Aha, I recognize that voice of temptation. You must either be really good at catching these things or have a larger (disposable) account than I do - or, probably, you're more disciplined to stop out.

moo · 2 months ago

New Post!