3:32am
Futures are slightly down as google reported earnings that were not as optimistic as the street thought. That said, there’s so much news coming out with Citigroup and Bank of America reporting early tomorrow. Damage has been done greatly to the bears but by saying the 94.20 level at the close there’s still a potential for a H&S. What I would do, is just put a trailing stop if you are short, that way you cannot lose money even if the market turns to the upside and shoves to new highs.
Intraday Commentary ~ 07/17/2009
– July 17, 2009Posted in: Intraday Commentary, Stock and ETF Models
Next pls …
A great resource for all kinds of TA stuff:
http://stockcharts.com/school/doku.php?id=chart_school
VIX drifts, call volume and premiums increase. Odd?
Guess I would read that as VIX liftage near.
http://social.stocktock.com/photo/woo1month-20?context=album&albumId=2348194%3AAlbum%3A32749
this could just wedge into the EOD….
cracked south of the trend line.
TBT making a really nice move this week. It closed at 48.41 last Friday and is near 53.30 as I type this; over 10%!
timbbeerrrrr!!!!!
EUR/JPY finally broke out and seems to be riding the 20ma. Bull flag on the 10m.
Small HS on the RIFIN 10m too. Breaking neckline….
637ish target…
— THE ANSWER LIES IN THE WEEKLY CHARTS IMO —
680 TO 945 = 265 23.8% = 63 RETRACE POINT 882 …………. held up
at the close im buying 2 canadian LONGS .. 1. T.TO 2. XDV.TO
at the close im buying 1 us play : FAS CALLS
im keeping PUTS in the following:
– WL — ONB — FUN — SGP — TCB –
im staying short some
– ASH — HW.TO — RUS.TO — SPB.TO
and keeping alot of cash……. to put to use on a breakout next week? im not so sure
they give us a second pull back to go long. if we pull back im thinking the rally is dead.
this is the bullish big chance to really bring bear pain.
Richard – we hit the weekly 50MA for the first time in months this week … you wouldn’t expect any consolidation off it ?
im thinking not. that would be just killer to the bearish bunch calling
for BLACK MONDAY. nothing is 100% certain. but the weekly candle
we are printing is ENGULFING everything.
dont forget im also holding puts in WL … which is down 20% today
Leaving work early today. I’m just going to let my positions ride over the weekend. Have a good one!
Tonys charts give a good view/point & my 1 min charts on the $SPX are looking back short
my T.Stop on LEAP is now set @ 26.40
VIX recaptured the trend. Failed a couple times earlier. See if it sticks.
No changes rest of day. 95/5 bearish.
Yep…movin a tad
Going long for the last 20 mins of the day. Pure gamble.
FAZ.. looks like a symmetrical triangle… might break up
I’m entering some new code into the GS trading servers right now!
50ma/10m, which has held all week, just busted.
they trying to get people to go short here so they can pull out a most delicious squeeze on MONDAY ? get your dart board out because nothing is 100% certain in these charts. im just balancing out and getting some longs.
—– GOLDMAN SUCKS —- holding above $155 . .. they want all those calls itm
they convert to shares in the amount of 15X the daily volume. of course we have
no idea if writers bought shares to cover these already or how many need to be
bought or how many will be excercised and immediately sold. none of this we
can know. but, for me, lots of calls in the money is bullish… to what degree
can not be answered.
UNG heads up..
We had a bull flag and 38.2% retracement (of the whole bear channel ~4.50 –>~ 3.25) and it couldn’t hold.
Bottom line: I believe natural gas futures will re-test the downwards channel at 3.40, before moving higher. They’ll be a better entry IMO then today to enter HNU.TO/UNG (look for about 5-8% more down.)
Agreed…sold it earlier today. Will buy again later
Too much danger here. Sold FAZ and SRS for small profit. Freeing up cash for another opportunity.
“They” really want this 8 straight green days on NQ.
Roulette wheel says red
There it is.. the last minute buying spree. Back up to 940
50ma/10m, which has held all week, busted, then they got it back.
Some serious bulls out there.
K and most of his posters agree that a retracement to 920-930 is a viable target before moving higher.
Holding anything into the weekend? Reasons?
holding sso vxx auy for various reasons. sso for further upside because I believe in the upside even if it makes no sense, vxx for the drop and auy because I can’t stop trading it.
Set the program trading to 940 and autoseek, feed it free money, and it’s a lock.
Rut roo – closed the store – better to live to fight another day
For a options X day – it was fairly quiet
Richard, PNC–still following? Charts look bearish.
have not looked lately. busy unloading. now i can start looking again. today i only searched for bullish explosive charts and im hedged . not expecting to make a ton o cash in the next 2 weeks. im thinking ill be going monster short 8/4 ……. of course, i dont know anything until the end of next week. im thinking that MONDAY is a monster up day that will freak our pants off. look at GS AH
but , if next weeks bank profits are ugly im in trouble. dont bet the house on anything.
wow…
opex friday…FLAT.
——- FAS CALLS ——- I CANT BELIEVE i bought these at the close on a week where FAS is way up. but ,, my momma told me so.
AS FOR NATTY GAS BOY ……. i got out. something is wrong with the actual volume of trade in the NG futures. need more volume to have a sustainable move. need to consolidate on the lows for longer than a day
FAS is going to 20. Ok…maybe not next week.
AIG AH tankage
AIG: * Files shelf to offer common, preferred stock – SEC filing * Registration statement does not specify shelf amount * Says may offer the preferred stock represented by depositary shares
I picked up some aug 9/7.5 put spreads for .35 today.