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Woo:
1:43 PM
SPX below a trend line:
Idan:
1:02pm
DXD right now is retracing back from it’s break out point on the 10 minute at 27.73… In any case, i have my stops in profitable positions already.. make sure yours are too. XLF is now at 15.40… if it breaks lower, this might be a great FAZ entry. But for now, if you want to buy it with a stop, that also works!
2:01am
March 15th… First intra-day post on Focal Equity!!! Congrats. There is still some work to make the blog fully operational, but you guys can finally sign up for our new services, I hope the best of our contributors: Woo, Tony, My traders and I can assit you with your trades this year and hopefully for another decade to come.
Below you can see the daily dow jones chart that I mentioned thursday night. Friday was a non-event day, as we traded below support again. Megaphone formations once they break are generally bearish, we broke the megaphone and now we’re back at it’s support (now resistance). I feel comfortable shorting here with a very nice tight stop right above last months highs for the dow. In fact, I took a long position on the DXD friday at $27.66.
WYNN daily shows a very strong triangle formation, which longerterm could be a bullish trend. That said, the incredible overbought indicators in this stock cause me to believe that we would probably see this stock bull back to maybe the bottom of that triangle after a potential fake out above this triangle. My intuition is to short this stock above 72, and then again in the 73.50-75.50 range, and hope for a strong push lower of 15%.
Apart from friday’s action on the XLF, the XLF looks very strong… it has rallied to a double top area, and as of right now, there’s no stopping it. BUT, if it were to fall under the incredibly strong (prior resistance) NOW support at $15.40… it would be an amazing shorting opportunity. This also means, that if you feel comfortable with the rally in the market, you should be buying in at $15.40 with a stop somewhere underneath, here’s a daily:
I’m going to hold all remaining positions overnight:
3000 FAZ @ 15.25
1000 SDS @ 32.10
200 TLT @ 90.00
1000 VXX @ 23.95
I should have sold the FAZ position for a small loss when it was over 15.00 today. Oh well …
i am following you on vxx in at 23.91, and faz in at 15.25
Well, I hope the VXX trade works out for you. This is my first experiment with it.
thanks you too.
Ditto on should have sold the FAZ, I was acutally green for a couple of hours, but I got greedy.
Luckily you got a shitload of cycle peaks happening Morris.
http://lh3.ggpht.com/_APmrYvpA45s/S5x55xtDbVI/AAAAAAAAGzE/EkvMn_vpsqw/s1600-h/Moon%5B2%5D.png
Good Luck.
BTW, Guys, NEM is making me a ton of money. I highly recommend as a short candidate.
HAVE A GREAT DAY EVERYONE……….. its GORGEOUS outside here. time to plant some VEGGIES
Just looking at tickers, FAZ, FAS and XLF all closed green for the day. Up 0.41%, 0.19% and 0.06% respectively.
Might want to check those numbers again. FAZ was up, FAS was down, and XLF was unchanged.
thx, that does make more sense.
My signals for shorting IOC is short at 72 with stops at 73.14 and cover at 62.
Do not play the mar puts, crazy premium. Insiders selling all over the place and rubes lining up
to buy on the bid.
guys, careful on shorting or puts on AAPL.
Rumor they will be making a LARGE CASH DISTRIB. I have heard $40-60 !!!!!
PENNY STOCKS–
If you short 10 high risk up 250%+ stocks, and short 50 shares of each and have a $1 stop loss. (max loss = $50)
Most of these stocks tend to retrace their gains fairly quickly
Take a look at CDP, FELL $1 in 2 days.
95% OF companies go bankrupt within 10 years.. you got statistics on your side..
anybody with me on this? IPCI down $2 in 1 day.
Timothy Sykes said that most of these penny stocks are pumped by newsletters and dumped 2-3 days latter as the 200+% gains cannot be sustained.
whatd’ you think.
OPTION PREMIUMS
What calls/puts are you guys looking to sell for almost guaranteed premium? A bunch of calls lost half their value today, but I’m sure some stocks still offer a good reward for being a seller. IDEAS? GUYS?
I found 1 stock with a favourable volatility…
No. Ticker Beta ATR SMA20 SMA50 SMA200 52W High 52W Low RSI Price Change from Open Gap Volume
1 DNDN 4.16 1.22 10.20% 19.68% 36.39% -0.86% 921.39% 75.40 36.77 0.05% -0.16% 0.22% 2,031,095
That stock is DNDN
DNDN $40 strike. sell the calls.. it has a 4 beta so the calls are still high with 4 days left into opex
Pier 1 imports:
PIR Short @ 7.95 huge resistance is their, guys there’s going to be a ton of shorts coming in.. follow big boys. right sam.
Most exchange rules won’t allow short of less than $5.
Look at RR.To fits the bill, overhyped exploration company.
Rumor has it that the FED will be lowering the short term borrowing rate for the banks. This should create at least a short term shock to the markets.
How low can you go past 0 – 0.25%? I think if anything they’ll go higher. The borrowing rate is in fact too low right now, which causes the banks to go into carry trade mode. Borrow from the Fed at near 0 and then invest in 10-yr Treasuries risk free @ 3.7%
At one point i think japan had negative interest rates to spur inflation. . they paid you .50 to take the money
but even that failed to cause inflation.
I exited ACI puts this morning for a 30% gain. Still holding QQQQ puts and SRS calls. 50% cash, unless SPX closes above 1155 I’ll stay short.
Interesting video on how Lehman hid $50 bil of debt:
http://www.msnbc.msn.com/id/21134540/vp/35841681#35841681