Idan Koren
2:29pm
UTI bounced right at the 38.2% retracement as we mentioned in the video, we are still holding it short nonetheless, but we are already up about 6% on this name and our stops are in the $25.00 zone. The hedge fund so far has done very well, and you can track our performance and trades by subscribing to Alerts & Analytics for less than 2$ a day.
2:27pm
Take a look at this article right here about the dollar going higher… i strongly believe so too, and that should put downward pressure on the market as a whole:
http://club.ino.com/trading/?p=1963
1:05pm
Take a look at this nasty H&S formation on the SPY 10 minute… a break of my red trendline will confirm a continue fall to the 115 SPY mark, and i think it will happen today!
Daniel Shporin 9:55AM
Oil worked out great today. I’m out of my position, though I think there is good risk v. reward here for a swing trade short, stop above $81.20. My trades simply aren’t working right now on the /es and /nq. I’m looking to get long Nat Gas at 4.036, I’d like a nice clean breakout or I’m cutting and coming back at 10:30AM for grains.
Daniel Shporin 9:14AM
Euro went higher overnight, but is moving down nicely, which trigged a short order on the /zn for me.
Chart below is oil and nat gas 5min of the last 20 days. Oil has been trading in this range between 3 retracement areas after making a double top. I’m playing the ranges, and am short this morning after the first 2 candles. We may see $80, and if that’s broken the $79 region is a possibility. Nat gas on the other hand has been selling off hard, and is back testing a prior swing low that was broken yesterday. I’d get short nat gas below the pivot @ 4.014
Daniel Shporin 1:20am- How’s everybody doing with the VIX below 20 since February? Let me give a quick introduction- I’m Daniel Shporin, 21 years old, college dropout turned futures trader. I’m strictly a day trader, as I rarely hold positions past 11AM–let alone overnight. My style is to trade the openings of the 10-year bond (zn), oil (cl), nat gas (ng), stock market (es and nq), soybeans (zs), corn (zc), and wheat (zw). I’m looking forward to discussing various setups and hopefully improving my swing trading by learning from some of you guys.
Idan 1:09am
Futures are currently slightly up but there is a lot of important information coming in tomorrow most importantly the GDP consensus at 8:30 am, so take a good look at that.
Hey guys,
I just exited my positions picked up a couple weeks ago
Sold C @ 4.34 (bought avg @ (avg @ 3.76)
Sold F @ 13.86 (bought @ 12.28)
I don’t know why it’s not on the cable news but S Korean ship was likely torpedo’d by N Korean ship. I suspect this very well might become big news over the weekend, and thus be used as an excuse for a long needed correction in the market.
http://www.vancouversun.com/news/Korea+ship+sinking+North+grandstanding+analysis/2730450/story.html
shiva – how’s that SPY short sitting? =P good times huh?
Bought 58 contracts of SPY Apr 116 puts at 1.05
Just checked ETRADE, it says 1.70.
Gain: 3800 dollars
Gotta ring the register on that one, almost 65% gain…
The fun has just begun. I have much more and have learned to be patient on the way
up and down.
We need a blow out downside friday, have not seen in while.
Nice one Shiva …. now if I could do those with just 1-2 contracts I would be happy
Learning patience from Master Woo on V …
——————– GOOG ————— maybe not 20 80 squeeze here. maybe a FLOP under
the DAILY 20 SMA ………… holding on for dear life here.
—————– DDR —————- took the puts at $12.52 ……….. has fallen 1.4% in no time. this REIT has to be the worst value in a dead sector. many crappy reits give 5% dividend and this one offers nothing but risk as the dividend is negligible.
—————— 1161 ——————– went short in the 1170 area to find 1161 and the market found `1180
and now we find 1161 and it shows support. back test 1165 and poop in the pool?
“poop in the pool” hahaha love it!
—————— GIGM —————— cutting back this position. the 20 SMA is losing momentum
and the moving averages may only grace. it should have POPPED by now imo. so sad
—QQQQ— booked profits on the puts i picked up this morning vs. adding more, gun shy playing short in this market
—GOOG—AMZN— just watching, still think they can break and go higher, perhaps not til next week though
great, please provide a reason why you think GOOG, AMZN are going up. Thanks. I gambled yesterday and bgt 1 SPY put, just exited when SPY was LOD. Exited out of V call as well.
AMZN broke through a long term down trend, stretching back to Dec 1 09′. watching it to pullback and touch that area (134.05) and see how it holds up.
GOOG has been pulling back for the last week or so and confirmed the 50ma (daily) moved up nicely the last 2 days just looking for it to pullback a bit and hopefully continue northward. but you have to be aware that the 80ma is just above the current pricing @ 569 and the 20ma is holding as support so it could squeeze into a Pop
wave count in GOOG can be bearish. if the 20 SMA breaks id say
the 20 80 squeeze is unlikely. ASIA is on the hate for GOOG right
now. ADVERTISERS are pulling the plug and affiliates are killing
links. you can read about it last night on the ASIAN newswires.
LIKE EVERY SUCCESS ……….. comes failure as ARROGANCE
replaces HARDWORK………… GOOG may fall hard.
i guess that’s true w/any squeeze, they can explode to the downside just as easily.
right now ………….. im just watching it.
———— SPX 30 MINUTE ————- bollinger bands spreading opening up the downside after providing support twice.
———— SPX 15 MINUTE ————- 20 SMA POINTING sharply lower.
think we have to favour downside despite being sucked into EVERY BEAR TRAP
since we had the strong sell signal yesterday. stronger than anything we have seen.
—————- HA ————– all done with this long ………. pattern too similar to JANUARY
————– CERN —————- rapidly approacing the DAILY 20 SMA ………… it gets below that we could see some decent selling in this overpriced equtiy.
CERN…………….. has been a very reliable short trade for me. every time it gets BIG RSI and then falls to the DAILY 20SMA ……… it has failed and plummeted hard. im going to hold it over.
—————- 15 MINUTE SPX ————- BEAR FLAG back test of 1165 …. 2 bar volume break of 1165
—————– 5 MINUTE SPX ———— says we consolidate for a bit as the BBS narrow
and the 20 SMA holds ………
————— FHN —————- Cramer got his friends out? who knows. but that is ugly distribution.
—————- WY ————- double top for this LUMBER GIANT and now sitting on the 20SMA DAILY
if this breaks look out below. we all know it should based on FUNNYMENTALS but the charts matter
more than anything else. ON CLOSE WATCH
is that a bearish divergence i see on the Weekly too???
it dont look pretty for WY
IF YOU LOOK AT THE — SPX 15 MINUTE —- you can see a
bearish channel forming here. if the 1167-68 holds it down
its more clearly in a channel …….. next stop 1155
————– 11167 to 1168 UPPER BB OF 5 MINUTE ———— and the 50% retrace of this quick move lower.
nothing like having a TWO YEAR OLD on your lap watching TWINKLE TWINKLE
but its very nice!
on one of my PUTERS… one less chart to look at
——————– CONSOLIDATION TUNE ——————- http://www.youtube.com/watch?v=FEzxchU4RUY
something that even DADDY likes.
———— UUP WEEKLY ———– 80 SMA – $24.24 ……….. MAKES me thirsty for a beer.
if this can hop above this ……. holy doodle!! threat of war would help it. God help us
all if all the economic tension turns to war again.
————— MY BET FROM LOOKING AT THE TIMEFRAMES HERE ———–
1163 to 1167 ……………. we land in this range for the close
so it once again puts doubt in everyone’s minds.
if this prediction proves itself…..
NO BIG LOADING UP SHORT for me. ill stick with what ive posted.
i don’t trust this rise. i still think my long term 1180 trend line is a winner. market is just being offset from short term oversold conditions. fake out rise in my opinion. Still better to be safe and look for a 1166-1167 break before re-entering any short positions.
PULL UP THE 15 MINUTE ………. SPX
clear channel down being developed. resistance at 1167
lower line projection 1155…. but probably not today as the
market loves us to sleep horrible over the weekend
1155-1156 is my short term area as well. let it be.
probably early MONDAY and that would complete 5 waves down on the 15 minute ?
Thank you, will make a note…
TAN (Solar ETF) really moved up today…still evaluating…
so did SOLF …………. rotato potato.
FINALLY GETTING my ioc dues, down at LOD on huge volume, guess GS is bailing?
Get in quick this will sell off to zero.
LOL………………….. $0.02 you mean
i missed my chance. oh well.
Me too…great one Jimbo
Stick with the no-oil boys, lol. This one will be sorely missed when its gone, paid off
my cottage on way up and down.
————— FHN ————— NOT WORTH HOLDING THIS —- CRAMERICA PUMP —-
it makes me sick how they feature a stock only because it has a large short interest
and then suck a bunch of HOME GAMERS into buying this ugly beast on some hope
it will become the new AAPL of banks. but are they going to let it fall a day after that
donkey recommends it to his bunch….. probably not.
ILL JUST TAKE BREAK EVEN ….. lots of other stocks in stockland.
below the trend line. near the fib. RSI even. great set up.
YOU SEEING the crash potential i am?
IOC down 20% on day, going into end of day on lows with huge volume!!! Any time i put up sales
bid moves away by a buck!!!
Last bargoon for shorts is GDX short via HGD.TO History tells us market tanks gold and stocks
go down together!!!!
GLTA and short IOC, lol.
that SURE pizzes me off …………. im out a few days before it tanks.
its WOOS fault LOL….. weekly triangle smiangle.
i only had one contract because that thing scares the bajeezus out of me… no big deal.
MAY $65 +$730 PER CONTRACT ….. wow ……….. reminds of my
failure to make big bux in PALM where i had more than 1 contract.
SIGH. fundamentals eventually do matter.
haha. I said to buy if it breaks the line. It broke the line! =)
have you been getting my emails.
Sorry, not my style to brag, to say I TOLD YOU SO, I MEANT IT, I AM SO FULL OF SELF,
so i won’t.
8.40 8.80 8.80 7.15 (+433.33%) 240 contracts, sell half on close will hold rest because i’m an
idiot. No, did not get in at lows, Paid $2.75 for the Apri65P this morning.
Holding HGD.TO over weekend, things good, gold goes down, black monday, gold stox
tank.
Goo Luck to all, sorry, not answering phone or emails, busy gloating. . . .
12X normal vol on I O C WOW,. someone knows something?
Woo, what is your take, i know you were thinking long.
12X normal vol, down 20% tells me something? Capitulation or demise?
Loooking at the chart, demise, look at Jan 2009, huge spike in volume when the stock dropped (big red candle) and IOC drop for many days. You deserve to gloat…
I got lucky for once, I was thinking of buying IOC 1 call, don’t remember why I didn’t, for once I did the right thing.
jimbo jimbo jimbo where are you i something to tell you. hahaha
————- SRS ———— looks stronger than FAZ and both have simliar candle patterns with
probable bottom. this backs up the DDR short.
—————- WY ————— added this one. PUTS
im pretty much 100% convinced of 1155 at the minimum
SHORT : CERN WY DDR BZH NYT
maybe im a sucka for punishment
pull up the DAILY NYT ……….. 20 40 80 SMA ……………. no resistance above the current price
this one has fallen 3% from the days high.
It might be crazy but I am going to hold my three shorter-term long positions (QLD, SSO, and UCO) over the weekend. Have a good one!
NOV now below 233 MA, if closed below 40.39, I’m guessing lower still, perhaps I’ll wait til Monday’s close price to see for further confirmation to buy puts.
—————– WRLD ————— may take another DUMP as it has put in a bear flag under the DAILY 80 SMA
i only have a few positions so im going to add this back in. PUTS
TOOK ……….. TWO(2) MAY 40 PUTS …………. $4.50 === $900 RISK
$2.80 in the money plus $1.70 premium (bit expensive but this chart
sets up very nice and the bounce was far from strong)
the WEEKLY MACD …. has just confirmed a cross. the volume increased week over week.
the daily is oversold on the FULL STO………. thus im not taking a big risk. we can see the
FULL STO oversold or overbought is not a strong turn indicator.
for past few days I am seeing X extremely strong to upside… does anyone know why?
too PIZZ ME OFF …. cuz i want to short it
I shorted yesterday around 64.50 was making killing then decided I should hold for tomorrow. Yet instead of making over 6k I end up giving them 3k more than what I made
I am so fking mad that I feel like blowing off X from the exchange lol
———————- IOC —————– would GS do a one day crash event and rebound selling thier own shares short and covering all the while selling 20,000 PUT contracts that expire worthless? JIM ??
THE GAMES………………………. THE GAMES……………………… 1166.60 ………………… WOW!
guess someone else thinks the 666 game aint funny. 1166.59
$5 recovery bounce in IOC going into close, wow, its all daytraders taking it lower????
Glad i took profits on half puts, would be dead otherwise. Other half held at profit so will watch and
learn?
From 8.00 – 8.30 on bid offer ioc puts fell to
5.60 5.90 5.40 +3.75 (+227.27%)
In @ 2.75 out at $8 on half. Hold half at profit (about time i learned risk management, lol).
GL
I’m exhausted. Gotta take a nap.
IOC ————- according to the WEEKLY PENNANT should hit a minimum $55
so at $62.30 i did take a couple of APRIL $60 PUTS. at $55 i unload them.
never expected that inviting bounce. if you put up the WEEKLY CHART you
wont be so afraid holding over as this move lower looks like just a decent
break of the lower triangle trendline.
wish i was paying closer attention to this and had the $$ value of the trendline
break and i coulda jumped back in. this is what should be done in the first place.
draw the pattern and take the position on confirmed 15 MIN chart break.
BZH ———— off 1.8% after hours…. guess the threat of war is what it takes
for a domestic home builder to get re-priced.
Jim, could you email me plz nabbasi@gmail.com
Search this site, my email and phone are listed.
going out dancing tonight, usually answer during hours.
IOC is amazing in structure!!! Baz called a top at 82 and a right shoulder at 72 (missed by .40!!!!)
now if the structure down follows we are going to 30. The company made an announc’t that if current
court case is lost they are insolvent, not able to raise cash or issue shares due to injunction.
86,000 shares traded in a/h on ioc, this is gonna die big time!!!!
I see the tgt of H&S as 35 ….
Also, on the weekly this still held the 20 Ma with a spike down … be careful …
I took profits on half my short position and hold half at a nice profit. Its of risk management,
do that and the profits take care of selves.
My view is you follow a small handful of stocks and pounce whence the time is right, stay clear
when not. It should not be forgotten that most of the time stocks are doing nothing but marking
time.
——————- V ————– if the candle pattern matches the WEEKLY DEC pattern like
ive posted in my chart and circled. MONDAY may see a brief move higher in V followed by
a slow bleed all week. im going to buy $90 puts if price on MONDAY closes under $91.20
Richard – didn’t understand your pattern … can u elaborate ?
take a look at the PHOTOS section in social. have a few charts there
including the VISA. WOO has another chart on VISA
—————– IOC —————- http://www.hedgeaccording.ly/2010/03/interoil-options-active-on-legal-issues.html
http://thestreetsweeper.org/article.html?c=3&i=426
This morning I told that today market will not close negative. Sure enough exactly as always I was right. I made a nice trade this morning on Shorting MSFT and then once I saw market was down and I knew market will close positive I made a long trade and sure enough market did exactly what I told you. This is why I always tell you to stick with big boys. GLand SWBB
I shall name you the human crystal ball or AFOBB (Avid Follower Of Big Boys), all kidding aside, you and Jimbo and Zee…thank you for taking the time in offering your views, much appreciated. Again kudos to Jimbo, for that short on IOC (did not trade
, just looking at the weekly chart to include DMI indicator, I saw a bearish directional signal on Jan 15, 2010. In retrospect, IOC was not going to perform with the market trending up. I hope you get invited by Idan, Woo to become a guest columnist in this blog. On my watchlist, probably up now that SPY went up after hours .72, nice jump, list returned: F, LVS, X, GNW, SNDK, MGM and AIG. I think SNDK and MGM are the weaker candidates due to lower RSI and/or Stoch, the others have move up alreday yet the scan is still listing these stocks. Pardon my ignorance, to what are the words pertaining acronym, “SWBB” ?
It means nothing. The empty drum makes the most noise!
Thanx for the vote of confidence, i have been hot lately, do not confuse that with knowledge or skill.
Managing risks and long naps are more important than time in the markets. Missed moves are nothing
lost money not lost chances is what’s important.
Finding small, low priced stocks set to run and waiting them out patiently is the key, i am prouder of
my SSY monday pick than the $65K made in an afternoon gambling on IOC Puts. One shows skill,
the other a gambling addiction.
Last weeks proud picks were III.TO BKX.TO NMK.TO CSI.TO BNK.TO TKO.TO/TGB and SSY
my format is to pick a big down day for a sector and watch how certain stocks behave under
the pressure cooker. They that survive the onslaught usually prove to be the huge winners of
the near future. Thanx to Basil Chapman at http://www.tfnn.com for his lessons in picking character stox.
Thank you for the suggestion and will make a note. I vaguely recall your post on SSY, wow, awesome. Major breakout, now above the Fib num 233 moving avg! Have a nice weekend, still looking at another indicator for evaluation, derivative oscillator. Your advise is similar to Guy A. in Fast Money, where he mentioned a stock green on a decent down day shows strength. As usual you are on to something. fwiw, I don’t watch fast money any more.
anyone watch the big move in afterhours, huh.
I recall Woo mentioning SPY close below 116.4? would be bearish, since above closed above, hence bullish. Thanks for mentioning the big move.
Anticipatory monday rally is all, i would ignore.
The trannies are reversing, a bad omen on the short term.
Decided to view IYT, daily and weekly indicators trending down, monthly still in sustainable uptrend, perhaps next few days til end of month will result in downtrend to mirror that of the daily and weekly. Over and out…More Best of Trades to you!
guys, monday always up….better cover your shorts! be long or be wrong~