Sun Tze
4:36pm
Happy Friday Guys. Here is the trend summary of all the stocks and commodities we discussed in the intraday commentary.
FSLR (+60) – Very Weak Uptrend AAPL (+100) – Strong Uptrend
PALM (-55) – Sideways Mode Crude Oil (+75) – Uptrend
To get trend scores on other stocks and commodities, please sign up for the free INO Trend Analyzer at:
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Idan Koren
3:12pm
FSLR might be ready to rally… after a massive triangle formation, it’s now breaking descending resistance on the daily. I think this is a great longer term (1-3 month) trade:
2:16pm
Here’s a great time to short AAPL… take a look at my 60 minute, as soon as the stock breaks that ascending red support line, you’ve got yourself an entry!
1:16pm
We mentioned yesterday that PALM looked like it was going to go higher from the inside day that we had yesterday. Now at 5.20-5.30 it’s going to face some gap resistance, and this might be it for PALM. This is where i would take most of my profits and let the rest run.
Daniel Shporin
9:59
I took 1/2 my position off for a small profit on that oil trade but was stopped out on the rest, overall loss. It’s Friday, so I won’t be looking for many more trades.
9:35
Oil just broke above it’s opening high, and it closed the gap from April 7-April 8. I’m long with my stop below today’s low.
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Current Positions:
SCO is up 2.5% on the day and ERY is down 3% on the day. Something will have to give soon.
totally agree
nice close in oil for those of us who are short…would love to see it retrace to 80.
GS is backtesting the neckline of a H&S at $178.40. if it doesn’t break back through it and falls, the market will fall with it.
i’m in FAZ at this price until i get confirmation on this..
How high can RPC go today?
guess you call that follow through
shutting down………… see you near the close
A break of yesterday’s high,, which is resistance on the daily would have gotten you in @ 1.05
From there it went up 25%.. Flagged for a whie @ 1.25,, the broke it.. 2nd entry possibility..
Now up 15% more and fighting resistance on the daily..
Playing breakouts properly is the best use of TA I’ve seen so far..
amazing price action on whopping volume.
ABK attempting to recapture VWAP on high volume in @ 1.11
company announces they may seek bankruptcy protection… cha ching +75%
lol.. market works in funny ways..
out of other half @ 1.13
sold half @ 1.14
Can anyone give me their TA perspective on FSLR? TIA!
i put it up.. i like FSLR as a buy longer term
Thanks Idan!
Thanks Idan, throwing a jab at FLSR too
Broke out of triangle,, not much volume on the break out, now fighting previous resistance of 127.
Above rising 20, 50 (100 flat) 200sma at 132.
I would buy at the break of 127. Expect potential resistance at 132, 140, 150, 160 170 etc..
Looks bullish after that break
———— HOG ———– took puts just under $33 ………. fell to $32.50 …. right back up
to $32.86 now…………….. go HARLEY $0 DOWN and ZERO INTEREST for 120 months?
ATLS b/o
THE BUYERS ARE FEARLESS………. RELENTLESS ………………. HOG back to HOD
guess this is another NO GO trade and more commissions for my broker as i get in
and get out in the same spot.
holding my EXPE and ZUMZ shorts
holding over my long in TXN
holding over my SRS shares … down 3%
HAVE A GREAT WEEKEND ALL ! GO FOR A RIDE ON YOUR NEW HARLEY
Richard,, if you are in SRS, you might enjoy this article
http://ibankcoin.com/flyblog/2010/04/09/god-smiles-upon-those-who-smite-you/
Idan, thanks about analyzing FSLR. I knew big boys are there but wasn’t sure until I see your chart. I took some long posistion yesterday.
Could you analyze DDS also. I think DDS should fall at this point but it seems big boys don’t care about any kind of resistence. They just keep pushing this up/
SWBB
Is this bulls taking some bear meat on their weekend trip,, in case they get hungry .. ?
Or the last bear shake down before the dip next week… ?
Hmmm so exciting
believe that the market may have UPSIDE BIAS … just a guess
even the crappiest of companies are enjoying non stop rally action
everything wants to hold support. even BZH is up today.
sometimes i wonder if real shares are even being traded. its like dial a price.
agree Richard–seems surreal —
somedays i feel like im in a dream.. not kidding
everything is so strange. i watch as people pay $1,000,000 average
for a home in Vancouver while in my city prices are down 4% YOY
and storefronts are vacant.
the city down the way Penticton says thier debt grew 600% and
they announce layoffs. last night on the news they announce the
beginning of a new skating rink.
have to be honest. this is all messing with my head.
is SRS really $5.50 ?? is it headed to $0.50
DJIA 11,000
it used to be you fade CNBC and now they just tell you where the DOW is going
and you should blindly follow.
I’m just gambling on this one.. (well I suppose I always am), but this is the 3rd time trying to hit dow 11,000.
Sorta bugs me that we finished right under it. It’s as if it’s taking a break before the bull break through next week.
Holding a lot of shorts (wynn shorts, srs, tza) + FLSR
Next Monday will be brutal. =P
NEW YORK (MarketWatch) — The dollar declined Friday, giving up some of this week’s gains, as the euro rebounded amid rising speculation that Greece could receive an aid package as soon as this weekend.
——- DIAMOND DEALER ———– just called me wanting to order some items from our website but only has AMEX and we only take VISA or MASTERCARD. another Diamond dealer was on our BNN … HW.TO talking it up like they will return to the sales levels they saw a few years back. its like a magic wand was waved. hopefully this person who called can get a Visa or MC to make payment. we have beeen getting a few orders lately. but our sales are down 75%
NEXT week is gonna be insane…
Have a nice weekend everyone
…
I told guys several times that one of very fanous method big boys do is a short covering rally at the end market. I bought 200 shares FAS at 107 and sold at the end at 108 for a very nice quick profit just in last 30 minuts. This is one of the easiest way to make money I have found to take advantage of short covering rally.
For next week I hope to see a gap up to 1200 or open flat and another short covering rally toward 1200. I have plan to take a huge JUNE SPY puts at 1200 and then I would be more than happy to see market rally 1225 by the end of next week beacuse then I am going to triple the JUNE SPY puts. I hope this to happen and if that happens I would expect a very bearish 1 or 2 weeks to start after option expiration.
SWBB
stick with the big boys, means go opposite of every single thing i did the past 9 months,
swbb, because if you don’t you will commit suicide.
Im with you Paul – thank god for vodka.
how can we keep blamin upside on short covering.
Because a lot of you keep trying to go short.
shorts got blamed for the sell off and now they get blamed for the short covering rally, that makes sense.
Sam look for retrace to 1181,RSI at 70, then move to 1200-1225 by EOW
do we go up another 3 percent or go down 5 to 10 from here first that is the question.
iwm up 100% in a year that is crazy, almost like there was no crisis at all.
they speak of the crisis in past tense on CNBC
they speak of other countries problems like the US has none
never in my life can i imagine the markets here. its all about
something we cant put our finger on. one big fund manager
was interviewed and said no one he knows is buying and he
cant understand it either. we are not alone.
feels like we are on the Titanic, but the deck chairs are being rearranged ever so nimbly and deftly
I mean c’mon…if this chart doesn’t look toppy….this is crazy.
http://stockcharts.com/h-sc/ui?s=XLF&p=D&b=5&g=0&id=p33795210329
Bloomberg just said PALM is putting itself on the auction block.
Could make for some volatile trading in that one pre and early market.