Tze (Tony) Sun
5.49pm
End of the day INO Trend Analyzer Summary for all the stocks and commodities we discussed today.
GS (-75), AAPL(+100) GOOG (+70), SPY (+60), Natural Gas (-100)
Crude Oil (+70), RIMM (-70)
To get more scores, just click to register with the free analyzer:
http://www.ino.com/info/114/CD4204/&dp=0&l=0&campaignid=12
Idan Koren
2:44pm
GS 120 minute breaking down here… GS had strong support at 171, and we broke right through that. 171 was also the equivalent level of the left inverse shoulder of a daily inverse H&S pattern. Even though the chance of an inverse H&S remains, the shoulders will not be symmetrical. A break of 171 shows that we have more down side to come from GS, the financials and potentially the whole market.
2:34pm
AAPL now at some ascending support, this is the bottom support of the wedge which is actually now above the top part of the wedge…. in any case, this support might hold so i’m lowering my stop from 39 to $235.15, locking a profit of at least 0.3% no matter what.
1:46pm
Here’s the reversal we were expecting, today feels like a topping day, I think we might see our shorts do better for the next few days, i’m holding AAPL short. GOOG almost broke out of its INVERSE H&S neckling but is trading under it.. i think it will eventually break out so i’m holding it long but have a stop at a 557.50 swing trade.
Tze (Tony) Sun
1:37pm
Like Idan said, INO.com is giving away TWO-week free trial of their tools and services. You have nothing to lose for trying. For the Alerts and Analytics services, INO’s charting tool is our preferred tool for technical analysis and trend comparison. I highly recommend you taking advantage of this. Simply click HERE to start your two-week free trial.
Idan Koren
12:55pm
INO has some interesting ideas that I use from time to time, if you need a new perspective, I highly recommend checking out their new trial: http://www.ino.com/info/539/CD4204/&dp=0&l=0&campaignid=8
12:05pm
SPY daily showing signs of another potential reversal lower as we hit my descending resistance line. You can see the chart below. I am also still holding on to my AAPL short, GOOG long.
Daniel Shporin
10:33- Now that’s a nice candle in Nat Gas after the EIA. Haven’t seen an explosion up like that in quite some time.
10:00- Oil went sideways for the first hour, broke $85 again, and hasn’t done much since. Not sure if oil has enough left in the tank (pun intended) to have a big up day.
Nat Gas is down and making new lows ahead of its EIA report. I’m short and will keep selling breakdowns we approach the report.
9:04AM- Oil is opening with a gap up and making new highs while nat gas made new lows overnight. There is a good probability we will attempt to close that gap in oil early before heading higher.
3:58am
RIMM got hammered after earnings came out, but it hit the $66 support level that i had on my chart after hours (you can see it’s ascending support) and after it hit that it bounced right back. I have the feeling that RIMM might want to retest that support during market hours but if it does, it might be worth going long upon a retest of that level, until a break, in which you should go short again.
Futures are currently about 0.5% up… but the job market will be king as usual before open.
——————- IM NOT TOO CONVINCED ————— did nothing this morning. see you at the close
15 MINUTE TIME FRAME SPX
VOLUME……….. look at the opening candle today
VOLUME……….. look at the closing candle yesterday
———— AN —————– treading water. thinking of taking profits… see at end of day
————-BPL ————— nothing happening. good upside potential
Jimbho, your in denial of reality.
You think I’m a wannabe trader?
OUT OF ALL PEOPLE?
Do you even know how old I am?
i’m 19.
Finance is not even taught until you are 20. (nature of quebec education)
I have managed over $100 million in assets over a 6-month span, run a fund in my free time, and I’m preparing for investment banking interviews this fall.
I have the highest grades in the province of Quebec, heading to a 1-month MBA school to learn investment banking during the summer, one of the top 20 candidates to be accepted in a portfolio management team where all the CEO’s of Canada come down and talk to me and give me hands-on training in investment management by working with a real-life portfolio of over $1 million.
Wannabe trader?
Hardly Jimbho.
I’m 19 and will likely surpass your Net Capital Worth and Intellectual Knowledge by the time i’m 25.
I come on this site for fun, but I don’t need it. Especially your bullshit.
I’m way too busy and I could care less if I’m here or not.
Keep day-trading Jimbho, there’s no money in the field of daytrading. I know that and i’m 19.
it’s okay you can clean my washrooms in one of the I.banks in canada.
nah f—- it, have a good life Jimbho, i guess you were never got far in life.. must suck to be you and still be a daytrader
even if im a wannabe trader.. im only 19 and have my whole life ahead of me to change.
just saying..
have fun.
and for the record, im not sam, i just find him amusing
like fritz, im gone 4 good.
you can call me at an i.bank this fall, except i wont pick you up jimbho or give you any favours?
maybe we need janitors there? do you clean good?
oh yeah jimbho
if i work at rbc captial markets, can you open a retail account there?
i’d like to build an algo that does the opposite of your trades and get rich off of it.
except i wont pay you for it.. sorry.. ill let you drink my piss.. maybe then you wouldnt be so god damn arrogant
go retire you geezer..
young > old.
so THAT was awkward…. anyone else?
Zee – I agree its irritating to be called someone else … however, your calls are great and I hope you stay on …
Lets just all let off on the language please and focus on making the cash – how about that ?
hmmm….can’t we all just get along?
don’t let jim get to you zee. just do what you do.
jim, you’ve gotta tone things down, offensive is not acceptable.
hope everyone can stick around and get along.
A 19 year-old with no business training running $100M in assets… that belong to other people?
You’ll end up with an MBA from an accredited institution in a month?
Well, color me impressed!!!
Sorry you’re not participating anymore.
He threatens to leave every 15 minutes, he is the Sadam Husein of trading, a joke. He is the reason
9 million of my chosen people treat a billion zees as our bitches and servants.
Mr.MB-Zee is gonna get a 2 year degree in one month? When a BA or BCom is a prereq? From the U of Pakistan so he can be like
the other montreal cab drivers? He has no idea, not a damn clue as to the margins on sale of a
Call last month. He has lied repeatedly and posted some of the stupidist, most dangerous trades
i have ever seen.
FWIW you can’t work at RBC World Markets, you don’t have the CSC and need to be 21 to get
it. Tell someone not registered and working in the securities markets. They would not allow you
to execute a single trade and would be fined if they did. If you work there, its in the mail room as
an intern (unpaid).
Zee saw some of your charts from the previous link you supplied yesterday. That’s awesome what you can do and so young. Well if you leave this blog, for sure, you will be miss. Sam and Jimbo too. All of you offer great insight (market).
Let’s go TZA,, !! Show all these bullies what you are made of…
I’m out half of my position @7.12 btw.. Will re buy on a solid break above 7.15
Still holding TZA in @ $6.97 i think we may see more downside
SPY 117.5 …. do we hold or do we break ?
Can’t believe it VIX now HOD
GS in the red…really wasn’t moving up today when it was positive, consolidation for a move up? Hard to say.
I meant wasn’t moving up as much as the JPMs, PMI, MBI…
Here is my take on the jobs number on Friday..If we rally late in the day with volume that will tell me the institutions like the jobs numbers and Monday the market goes up,if we sell into the close with no buy program it probably means bad job numbers..JMO
Thanks, will look out near the close to see what’s what.
posted a couple of days ago about buying puts on QQQQ, bought more when it spiked this morning(well actually after the spike as they fell back down) just sold them, wanted to be out for the long weekend, who knows what could happen
well done !!
yes…well done…I was a chicken.
i almost sold em for a loss this morning when it gapped… honestly i freaked out but somehow i was able to stay calm and let the 1st 2 60min candles paint and decided to stick with it. added to the position and when it broke i decided i’d earned this 3 day weekend haha.
hope you guys did just as well this week
Out of bpop @ 2.97 will take my .06 & wait till a break of 2.99/3.00
Sold my other half of TZA @ 7.18 Will rebuy if we keep dropping
bounced off a fib.
http://stockcharts.com/h-sc/ui?s=$SPX&p=5&yr=0&mn=1&dy=10&id=p19837955942&a=181738042
—————– AN ——————– took profits on this short ……… cha ching!
—————-HTLD ——————– holding over short
—————- RL ———————– COVERED this short… tiny loss
—————DDR———————– with increased frustration holding this short
—————-BPL———————– looks pretty strong……… holding these calls.
—————-IOC———————– this has to be the biggest joke on wall street
Relaxed and Recharging ……………… hope all is well. read the posts today and have to say
it seems some frustration is setting in. sideways market will do that to all. stay cool!
I’m out for the day. Best of luck to all….
Dear energy sector,
Please break down in the next 30 minutes or so.
Best regards,
morris
im in BPL calls. GO ENERGY !! lol
Idan, great call on the Apple short, down below the 235 price…still evaluating whether to buy a put. Thanks.
sure, yup thanks
Hey Idan – great call
Congrats to men’s Duke basketball in the final four, the women played great, I guess its hard to shoot against a girl who is 6 foot 8 inches.
I just found a very nice short opportunity. It is a very famous company. I expect it to drop at least 10% from current price. The only problem I have is that my wife likes the company and she told me not to short it, but I usually don’t listen to her. I don’t know if there is anyone who is interested that I should name this company here or no. Let me know if anybody is interested and I would name the company here and the reason it should drop which of course is just my opinion.
SWBB
if it’s going to go down, SOMEONE is going to end up making money…. might as well be you, right?
Is it Big Boy Restaurants, LLC?
Oh, that’s quite witty.
LMAO, i literally burst out laughing, my co-workers are confused.
Hey Sam.
Thanks Sam , Could you please Lets us know the Name of the Company
Thanks
I should see at least 5 person who are intersted then i will name it. SWBB
Okay, am I person #5? Only two min before the bell rings.
2 people so far, do not hurry beacuse it will go a little up moe then drop
Ok – don’t be a tease Sam
– count me in …
Since I like you Anjali I have to name the company. The name of company is Macy’s. I thin My price to go short is about 22.5 and I have a traget to cover my short at 20.
I hope to see another push high on S&P toward 1190 so I may get a better price also to go short.
SWBB
Is it JWN, sam?
I’m thinking to still hold GG, PCX and LVS calls, could be sector rotation into energy type stocks as they’re still up over 2% as the DIA and SPY dropped, maybe due to Apple and GOOG off its today’s high.
Morris,
Oil should have fell with the equity markets, giving us a nice boost on SCO and ERY. Didn’t happen. Are you going to hold overt the weekend?
I am going to hold all positions over the weekend. Best of luck to you!
belive the attempt here is to keep energy prices high enough to interest exploration but keep them low enough that it does not completely kill me with 3/4 ton truck
maybe energy companies are the only ones left buying treasuries and a blind eye is turned to price manipulation?
take a look at this energy services company ive followed for years. BPL … juicy dividend
I think oil is in the hands of this unemployment number, at least in the short term. If there is anything positive out of the #, I think we start the climb to $90. If this run up on wishful thinking of an incredible unemployment number is a bust, I think we will retrace. Having said that, close above 85 was bullish and think we may test closer to 90 before we test 80
————- TODAYS LOW LANDED SMACK ON THE TRENDLINE —————- if you look back to the chart
i posted some time ago in photos. this whole candle is above it . it is of importance.
http://social.focalequity.com/photo/spx-mar-25-1?context=latest
the top dark line is parallel with the other 2 lines . it is the resistance that held as support today.
this is almost identical to the action in JANUARY where we stayed above this line for 10 days.
this chart has not been updated since MAR 25.
sure you can move your line around . the two key candles imo are
the large moves on JAN 1 or so and the big RED 1140 to 1120 move
and the OCT HIGHS ……. at worst we are dancing on this line.
I told you that market still is in uotrend. I told you you see a very nice trap for bears, NOw I guess market is ready for final push higher that I was looking for. I am goign to load a huge amount of puts. My traget is about S&P 1190 for final push higher. SWBB
Sam, was hoping that you would adhere to my former post (#50), and had hopes via your #17, but , PLEASE, stop the “I told you so”. You don’t have to prove anything to this board, as most of your calls have been good! By the way, if you want to match financial statements, you will LOSE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
My followon- analysis on M – lol … I was trying to get a $1 move on my $15 puts in Jan – if I had just bought calls then :O
Anyway …. here you go …
- Daily and weekly resistance coincides at 22.53 … however some tails above the area means that the stop would have to be above 23
- Since this is a first hit, a pullback should be expected on a hit of this level …. but remember this could go all the way to 23
- Downside support is 20.75-20.85
- This stock is in a big channel from the march lows … ultimately I think it should hit 25 – 25.27 which would be the top of the channel and the 200 MA on the weekly …. what that means is, this should be a decent long (with stops), after a pullback