9:05am
Weakness will come in from the financials and commodities in the next few weeks. Also overbought tech stocks should be shorted: AAPL, AMZN being some of them.
8:46am
CPI only up 0.1% … wow deflation to come! I like DUG.
8.15pm (tuesday): **Read The Whole Thing**
Hey guys today I will be gone because I’m on a flight to paris, and will be flying to new york and north carolina on friday. So I will have a busy few days, so for your own good, trade together! share charts! and watch chris’ video which i agree with. I expect potentially a down to flat open, but a sell off to come in early trading because we bounced off the 91.65 SPY support and fell down in late trading. NEVERTHELESS, I don’t necessarily believe that the redness will continue through the whole day, so if you remain short into tomorrow, take profits sometime close to the open, we might want to retest 923 as resistance now.
CPI comes out at 8.30 am, and Bernanke Speaks at 9.00am. My portfolio for Q2 shifted into positive territory for the first time since late april, as intraday trade profits covered my swing trade loses from mid april-late may. Portfolio sits close to 74% UP for 2009.
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I am looking for 3 additional intraday traders to join my online trading team starting late july-early august. You will be compensated pretty well for your time and effort (pretty much free money), but you won’t really have to do much more than what you already do at home. If you are interested and want to know more email me at: idan.koren@duke.edu
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hit the other trend line….
wonderful fun.
its like a game of pinball. more of the same tomorrow. we have to drop tomorrow and then have an all out battle for 915 on FRIDAY
i’ll be taking some profits on the puts i got at 917.50 today….. i hope 
otherwise ill be peed off that i sat down here right when we were topping out.
i’ll try and get an updated chart by tonight. good times.
Merchi. That would be mucho good of you.
Needed a hedge
BOUGHT X JUN 36 P ,80
MAKE SURE you have stops in on these earnings plays (RIMM). Fully ready for either a three bagger, no change, or lose it all by tomorrow.
I’m exhausted but richer. Need to hit the store. Need olives and vodka. Later
X JUN put… good choice. my target for that one was $35 but i took profits at $2.67 or something which is close to the $3 target take away the risk on the $38s
it tagged the $35 and id expect it to hit again if we fall tomorrow like im thinking. im very thinned out. largest position is 6K short oil. everything else is tiny and i’ll sleep very well tonight
what a day. great trading!
Earnings is AH tomorrow – not in the AM – so you will have the full day to play these
Olive a vodka!!? I hope you meant Gin or lemons. You must be tired.
This market is absolutely insane. I suppose that’s opex week for you.
Pinball game.
Gravity always wins!
Hah! Not in this market. False buoyancy has prevailed for months.
———— 912 ——— as posted an hour ago. very important for some reason. they are battling for a close above or below this level.
HS TARGET —- OIL —- $67 …….. it does not move much in the last hour anyday but it wiggled under $71 late. hopefully we sub $70 in the morning which is the neckline of this pattern. once we get back under, back test, should not see $70 again. if it pops back up again im out for a small profit.
game plan. break $70 in the morning, back test, go. anything else im going to lower my exposure to this trade.
bought CAL back at the wire… I think a second after.
dumpped CERN short for a massive $3.00 gain.
bought SVU.
I say we gap up tomorrow morning!
mostly in cash.
my CERN puts are at breakeven. why you dumping that ? tired of waiting all year. lol. ill stick with it for one week. if it dont crack $60 hard then im out. it may just crack it in a few days. looks like a topppy candle.
did you look at the open interest for JUN OPTIONS on CERN. wow! $45 max pain and super put heavy. 2.6M in $45 puts 3.1M in $50 calls. should get wild in the next few days no?
I will short CERN again and it was just pissing me off. It is a safe short, just think I can get it higher tomorrow morning.
FInancials? Ick.
http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm
RIMM
http://www.istockanalyst.com/article/viewarticle/articleid/3266995
I’ve been looking for negative comments and can’t find any. Contrarian?
People are pretty bullish.. I wouldn’t be surprised if we re-visit 65-70$. but hey who knows.
What I would love to see is a pump and dump tomrorow.
If we can gap up to 80$ an influx of buyers will purchase 85$ calls and go long, however, I’ll be unloading my shares at this time.
Last quarter they had 0.84 EPS but they earned 0.90EPS, now analysts are looking for 0.94eps….