Markets are closed today, but feel free to talk about charts and different set ups that you see into tuesday’s marketing day. Hope you had a good valentines day, and received beautiful flowers.
From Unersaettlich:
Just to be sure that all StockTockers got nice flowers, here are a few from my yard (all sized appropriately for Windows Wallpaper and/or Screen Savers). Their roots, bulbs, and corms are currently dormant in frozen soil beneath a thick blanket of snow, but they will reappear in a few months to again delight the senses:
Charts, you say? Here’s a long-term chart with Richard’s beloved 20, 40, & 80-day MAs and some critical horizontal and diagonal S&R lines:
Closeup view of the recent downtrend with Kenny & Craig’s wave structure:
Markets Closed – President’s Day
– February 15, 2010Posted in: Intraday Commentary, Stock and ETF Models
I think we’ve seen the high of the day on the SPY. Neg divergence on RSI and Stoch is turning south. Bought Apr 109 puts.
i added more SRS calls @ $0.25
RUMOUR IS :: and i cant prove who was the buyer
at the close FRIDAY … JPM and GS were buying up the futures like they always do. they think they are 100% in control of this market. they may well be. try to brain wash everyone to buy until we hit 1500 .. i dont know. all i know is, the first sign that they have lost control and they are force to start bailing they may realise they are of only a few large buyers of this lie. if this is the case who can they sell these large positions to? especially if they have stripped alot of buying power from thier competing traders like CITI who is in for a ride to 1150 apparently.
if thier are trading desks with piles of orders to sell legitimate positions and not just short sell this thing. GS and JPM may just lose control if they are the ones indeed in control of this market now.
have another order for more at $0.20 should this SPX hit 1095. but that will be the end of the line for me. if this goes against me and SRS breaks the last major low point of $7.65 im definitely taking time off
———— X ———— who here bought CALLS down at $45 ?? good on ya
Dangerous!!!!
JPM and GS are running the market ahead to comply with PPT orders,
they want the puts they just sold to xpire worthless, then the will cause
a panic into march and repeat as necessary.
BTW, just what do banks and the fed not own by this point? They have
bought up everything with fed cash.
I’m sure we’ll get a reaction lower off 1095 and 1105-1110 so you don’t have to take any time off
GGWPQ is flying up. Big boys has come back to this.
Sam, SPG has bid for this whole company
ive been posting about it.
Yea 10billion is not chump change. They got lucky being bailed out by SPG and you wonder why SRS is tanking?
some hot money is behind this as no one is doing that with all the empty spaces in our town. more fish smell imo. SPG did a cap raise but they do have some decent debt and falling property values. someone is backing this deal. does SPG and GGP have the same cheif lender?
the wild deal made with KIM was quite smelly too.
this is just another delay in booking falling asset values. some sweetheart deal from SPG lenders to over pay for GGP. look at what is beging said. the LENDERS in GGP will all get paid 100% .. WOW!
will be interesting when the details come out on who benefits and how they are connected to SPG and how they benefit. does this really change anything fundamentally? it only changes the balance sheets of the key lenders in this arrangement.
———- SPG ———— can affect SRS …. http://www.cnbc.com/id/35423536
maybe they should call
can you say Monopoly of some real crap assets
up MAIDEN LANE and buy those too.
Idan, anyone else, have a chart on gold, showing downward channel? Considering short soon, but my charts are not as sophisticated.
————– DTG ———— looking VERY VERY TOPPY here. volume and no new high. overbought on the DAILY FULL STO @ 96.40 …………. they are really really going to have to blow investors away on thier earnings to keep this moving higher. if they meet or only beat estimates by a bit im thinking this sells off.
i highly doubt that GS and JPM have thier noses in this dinky stock. i’ll throw up if they do
safe waters to swim?
——————- SRS —————— got out 100% and ill watch from the sidelines. just another entry and exit at the same price. broker gets commissions. this whole SPG deal smells so bad for FAZ and SRS. its a double whammy move im seeing. this is going to be some fancy accounting and firm valuation by some crooked estimator . simply JAMAZING. all of this stuff makes ENRON look like a girl guide. we are going to see MONOPOLIES everywhere as it will all be about who you know. will thier be anything for shareholders?
Doh! I just bought into SRS at 7.89. I saw it was hitting a trendline that’s been forming for the last 3 months.
If it goes to 7.7, I’ll bail and watch.
Market is gonna blow through 1105. All abourd on the train to paradise 1150 here we come! Chugga Chugga Chew Chew!!
Wow what a run.how high can it go today? We are heading into major resistance.
Real Resistance isn’t until SPX 1150
—————– DTG ————– failed to pull back below $27.50 . im going to keep some position but im not going as big as i would if it showed a bit more weakness.
—————- MRK ————- took more CALLS at this $37.57 level.
better safe than sorry.
DTG … give it another 10 minutes
TRIMMED THIS ONE BACK. no topping candle here so far.
7 STRAIGHT DAYS DOWN
7 DAYS SIDEWAYS
7 DAYS UP RIGHT WHERE IT CAME FROM
this stock is 10X from its MAR LOW.
im staying in some PUTS ahead of earnings.
————– 1095 ————- IF THIS MARKET… BLAH BLAH stays under 1095 this week im going all in SHORT. well. this market gets thier in one DAY. im normally not too amazed but im very JAMAZED at a one day move like this. so …. 1105 is in the cards eh?
the play was to buy FAZ or SRS puts at 1080 … not add to puts on my current positions.
Still think I’m crazy about calling 1100 by Friday? It’s OpEx week man. You should know how these things work.
hey ,,, i called a move to 1105 .. its OPEX week. but im stupid and dont hedge long thinking my dog crap wont move with the market. then it outperforms it. sometimes you just dont go with how you feel and get hammered. told everyone to trim back shorts at 1060 as we at best decay through options week. i did that. took profits. now im handing most those profits back. its hard to let go of dog poop stocks like PALM PUTs but i did, the fear is you end up buying your position back for more $$.
being part of this site and the EW @ 1085 resistance call really had me feeling i was in the wrong camp running with the majortiy for a rally. so i just held the few monies i had in puts. im getting FIB violations on volume in a few.
its really tough bcs i went and read a bunch of truth over the weekend about the defaults in CRE and blah blah blah. this happens every cycle but i really thought that the front runners may lose control of the market. they are clearly still in charge. IM NOT GOING ALL IN HERE at R2 like i said. instead ive trimmed back a bit.
I sold my fed SPY 110 on close last friday, 50% ago.
Another low vol short squeeze to screw over the puts they just panic peep
into.
How rigged? Market rose 30 dow pts on news JPM office in greece bombed.
yep,,, i read that. attack JPM and shares shoot higher.
1000 TZA @ 9.65 into tomorrow
Same here.. going bearish into tomorrow. Holding 4000 SRS and BIDU shorts.
im still short not ready to add on. was looking for a more sheepish move higher. this was way too intense. took a bit off the table.
its very clear what they did.
10% CORRECTION,,, 10% CORRECTION
arrest the market just above that point and then send it flying.
now will they tank it again for more than 10% ?? that would be
a great play. get everyone short covering and send it lower
than the obvious target of 1025 to 1035.
maybe we just back up the highs like CITI bet for . but i get thier calls emailed to me and they are rarely right.
LZB was one i bailed on when it was clearing the 50% easily.
this one is up 5.5% AH
DTG is different so i kept some. they report tomorrow.
SRS i bailed on my calls just under $8.00 … where i got in.
want to see what it does at the 40SMA. tagged it late in day.
optic, kenjisan…can you please share your thoughts on TZA? The daily chart suggests that TZA still has some room downwards to go while TNA could go up tomorrow. This is just my guess and I was wondering what your thoughts are. Thanks!
Sorry to pee on your parade but TZA and SRS look like trainwrecks on the
charts. SRS might hit $4.34 at its bottom, TZA looks like $5.67.
Markets usually bottom in mid march, give up on the SRS and TZA talk,
very destructive.
LOL Jimbho you tell em..
power to you.
You go! Like I said Monday – welcome to ST.
My pairs trade put on at close. . .
4,000 ATPG @ 17.52 Long sold 20 contracts mar20 calls @ .75
700 IOC short @ 69.16 -sold 7 Put contracts IOC Mar 65@4.10 on convered basis.
FWIW IOC is a Mo-mo stock high beta now running out of high and beta, could
spill big. ATPG has a 7.2 days to cover short positions reported.
So far the fractal from July 2009 is playing out, and all bears who did not hedge against this deserve the whipping they got today.
Bulls who do not hedge will never suffer as bad.
any thoughts on where we go from here?
As I said this morning befor market open when GLD is up huge that means market is in a confirm rally. That is why I use market indocator like GLD to find out what big boys are doing. A higer higg and breaking 1100 in coming day will be very bullish guys, lets see what big boys will do. Go big boys GO GO we will be with you and follow you and support you , GO
Sam,
The big boys GS, JPM et al. are fraudulently manipulating this market, and don’t give a rat’s behind about anybody but themselves. In fact they want to transfer all our money into their accounts. They are nothing short of criminals who should be behind bars.
I can see that trying to follow what they do makes sense, but cheering for them like they are some great guys and saying “we support you, go”…..??? That’s a bit sickening my friend, don’t you think?
we have to follow thier lead. they piled in late Friday and we watched lol. im thinking that a low USD$ send OIL higher … makes sense. but how does it send OLD NATIONAL BANK shares up 4% LMAO. glad i took most off the table. sadly this rally will end after we all go mental
VISA CALLS
MRK PUTS
so MRK should tank tomorrow
and VISA should rally 10%………..my confidence a month ago is lost.
if PBI adds another $10,000,000 in debt im sure the stock will
double in no time. it all makes sense once the excitement of
the market moves are over.
HERE IS WHAT I SEE ON THE WEEKLY
50 FIB = 1105 and that matches the upward
sloping trendline we broke the rally on.
if that 1105 dont hold this sucka back sit out and wait for
it to get so overbought you want to throw up.
Excellent points Richard, agreed 100%. I’m thinking we get somewhere close to 1105 on the S&P and then come crashing down. Gotta believe tomorrow ends in the red, probably deep in the red.
clearly ive gone mental
posted my trades in reverse.
MARCH OPTIONS.
VISA PUTS
MRK CALLS
What retire said*
DO NOT EVEN THINK ABOUT SHORTING OIL !!!!
Keep hearing the same thing about iran about to implode and anyone short oil is gonna be
burnt offerings.
Give Ithaca energy a look IAE.TO
Trade with the big boys, the big boys want iran in civil war or under bombing raids from
the IDF.
woo/idan why isnt the site monetized yet?
btw uner, your pic is being used as a wallpaper !! haha
Which pic Zee? One of the trade charts? (=}