Sun Tze
10:00pm
Today’s intraday commentary is full of stocks, ETFs, Index Futures and Commodity futures. Here is the trend summary for all of them.
UNG (-55) – Sidelines Mode
GLD (+75) – Uptrend
GOOG (+70) – Uptrend
Natural Gas E-mini (-55) – Sidelines Mode
ES Mini (+100) – Strong Uptrend
VIX Index (-90) – Strong Downtrend
DJI (+100) – Strong Uptrend
TNA(+100) – Strong Uptrend
ERX (+70) – Uptrend
FAS (+100) – Strong Uptrend
AA (+65) – Weak Uptrend
WYNN(+90) – Strong Uptrend
To get trend scores on other stocks, ETFs and commodities, please sign up for the free INO Trend Analyzer at:
http://www.ino.com/info/114/CD4204/&dp=0&l=0&campaignid=12
Idan Koren
3:12pm
UNG was a falling knife, but it might not be anymore… It looks like it is bottoming and with a break of 7.46, i’ll feel more confident buying it for a 1 week – 1 month period:
Here’s a 60 minute, and the red line represents the resistance:
1:52pm
GLD moved back down to 112.20 to retrace, which worked out perfect. If you’re in long at 112.20 tighten your stop because there’s a potential of a H&S formation (neckline at 112) on the 10 minute.
12:48pm
I’m loving the GOOG, and i’m definitely holding my shares into earnings after 572 level broke yesterday. I said, it only takes 572 to break for GOOG to shoot up. Now resistance is going to be at the 587-588 mark, but the fact that 572 was broken means we have seen a bottoming formation on GOOG and i want to hold on to my shares (with a winning stop) into earnings. Obviously, i will take the stop off during the earnings call, but my position in google is small anyway.
Daniel Shporin
10:00
I took profits on my nat gas position. This is why I prefer energies over the S&P right now—energies are obeying the laws of technical analysis, the laws of breakouts and momentum, meaning, if they break the day’s low, they go lower, simple as that. Meanwhile the /es is printing the same 1190.75 mark for 30minutes.
9:43
I closed my /es position out. I can’t sit and watch this lack of activity and movement.
9:33
I’m short nat gas here from 4.022, looking to take profits at 3.96. I also just got short the /es at 1190.25, stop above the high of the day, 1192.50. I’ll take 2pts on my entire position, no more with a VIX at 16.
Woo:
Here is my DOW chart that I posted for the social and intraday on January 15 with my rough fib projection at 11030s.
http://social.focalequity.com/photo/woodji-1?context=user
Looking for a channel bottom hit, but still keeping the 11030s projection January 22:
http://social.focalequity.com/photo/2348194:Photo:38463?context=user
Updated and zoomed in on March 16. I gave more exact numbers of 11029.8ish:
http://social.focalequity.com/photo/woodji-3?context=user
Here it is today hit 11029.77:
Not a bad job projecting the market 3+ months in advance huh? =)
If you’re interested in checking out my Focal Equity Leveraged ETF Pro Service, let us know! I promise it will be worth a lot more than the less than $1/day you pay for it.
Today we hit:
TNA $61 projection
ERX ~$45 projection
FAS $110 projection
I am in Washington, D.C. for a work conference all week and won’t be able to post much in the intraday, but will try to give an update or two at the end of the day when I find time.
Idan:
12:01am
The futures are slightly down and the alcoa (AA) report was not that great either. We are very close to the channel resistance, right now at exactly $120.35 on the SPY but that said, we did not touch it yet. I think people need to start taking a look at great shorts. On Alerts & Analytics we have been eying a lot of stocks that could be potential shorts into next week or the week after that, one of which is WYNN.
ICSC-Goldman Store Sales 7:45 AM ET
International Trade 8:30 AM ET
Import and Export Prices 8:30 AM ET
Redbook 8:55 AM ET
4-Week Bill Auction 11:30 AM ET
Jeffrey Lacker Speaks 7:15 PM ET
and this is the best deal I could find for the day.
http://www.spoofee.com/index.php?section=deal&did=672132
Good morning everyone..
Great call on TNA Woo
..
Moderators: On Web resources you guys have ‘Coffee with GannFann’. He stopped posting over a year ago.
Woo is that the top of this run and do you expext a 5%+ correction
I told you that 1203 is top for this market. We have not hit that yet. I think big boys want to push the price to that level by thursday and then Friday I expect to be very breaish and it could rop 15 points. The reason I think Friday is bearish is that last month also Friday was OpX and a lo of people do not trade so it is a good chance for big boys to correct the market for 15 points. I am ready to load a huge amonut of SPY puts once 1203 hit
SWBB
What does SWBB mean?
swing with big boys?
Single Wiggle Boy’s-Boy.
the cash equivelant of 1200 was hit Sunday night in the futures while you slept. You most likely saw the short term top yesterday and 1150/1130 is a realistic target.
Welp sure missed the boat on ABK & FNM/FRE. Sitting in F for now unless the trendline breaks or we hit the SPX channel resistance.
Who’s Welp? If I was more attentive, Jr miners and GLD type stocks was at support mid March. Perhaps it’s
not too late, tough to catch lows though, will buy more on pullback, i.e. GG, also the news about PIMCO, where
the top guy is worried about inflation bodes well for this lustrous metal.
as in “Wh*elp I sure missed …”
To Morris, Okay, I don’t look at the VIX version of the SPY index…just noticing that eventually VIX will go down today if the market i.e. DIA, Qs, SPY continues in the green.
To artic, nice stategy on holding F until it’s a downtrend, the Flex SUV is very popular in my neck of the woods.
We own a ’07 Escape I bought for the wife , good little SUV. I used to be a Dodge man but I’m very impressed with the escape and Focus which is used by the company I work for. Also I can’t help it, the patriot in me can’t consider GM or Crysler truly domestic brands anymore, although in fairness I was never fond of any of the GM brands.
Ford has come a looonnng way, I heard the Ford Escape that came out last Fall or so, its hybrid now has a stabilizer, I had a chance a couple of years ago driving a non-hybrid one, loved it and a nice price considering the cost of other SUVs. F has not come up in my scan these past couple of weeks, perhaps topping out, but
it’s not a downtrend to me unless its MAs cross under the longer period MAs i.e. 34 < 55…
Again C, LVS, MGM came up on the scan, so did GGB, still have a PCX call
Wow, my SCO position just went positive (if only for a brief moment). Due to extremely poor trade management on my part, my average ended up at 12.07. The 52-week low of 11.17 was hit last Tuesday and I was down $7200.00 at that point (I have 8000 shares). I expected the trade to come back to me but I am surprised that it happened in just one week.
almost in the green on my ERY trade too (4000 shares @ 9.45 avg)
where are you looking to exit sco?
I don’t know yet. What do you think?
I plan to see how it reacts to the inventory report tomorrow…I also think a mediocre jobs report could take oil to the lower range in the short term..would love to see 13.20 to 13.50 range
It looks like USO is finding some support at the 20 SMA which is around 40.30 right now. We should be ready to rock if that support breaks.
what is support for oil on the lower range….79.50 area? I can’t remember
Here we go again with the VIX disconnect with the SPY…4+% vs . 13 down
They are not inverses of each other. I believe the VIX closed outside of its lower BB yesterday so a rebound is expected.
I’m not letting go of BUCY yet, 5 min chart, nice green body and volume
This one is a great swing trade. Hibernated yesterday even with the joyg upgrade and today is ignoring the market and headed back up.
Hey, thanks, got that suggestion from Pmunky and looked at the daily charts soundness and dipped in a July OTM call as their ITM is too expensive.
Longest red body on VALE – 5 min chart- could this lead to other metals falling? Holding on to GG, will buy more on decent pullback this or next week.
be careful holding GG
Yeah…sheesh…should have listen to IDAN looking for GLD down to 112.2 or so to jump in GG…the day is not over..
yup, definitely got that 112.20 that i was talking about.
Yeah, thanks…jumped in too early yesterday…now down $18 as oppose to $40 this am…Still thinking about your service…had no time to evaluate yet…perhaps tonight…
Rumor out GG to buy LSG.TO look to buy it on pullback. I got backed into LSG when they bought
out an exploration company i was in West Timmins Mining WTM.V. WTM reportedly had bonanza
drill results.
Gold will pull back here under 1K, keep stops in.
IMHO KFS.TO/KFS is the next ABK. Load up, same underlying. KFS will break to $11.
Still holding MAR.V WRN.TO TKO.TO LSG.TO
LLEN is hitting a strong S level right now. careful though. The glitz and glory on this little coal stock may be wearing off. I’m in @ 12.37.
BPOP..Thanks Optic…still have it….
I don’t know how to thank you more, usually I’m not into $2-$3 type stocks, recalling reading somewhere where there’s a bull market, small caps will thrive, that was the rationale why I dipped in. Candidly, not letting it go as it was bgt for my son’s college account (3 more years hold or so). But then you look at ABK…
I have no guarantee about the justness of this market in it’s evaluation of commodities. Too many elements make it more of a gamble in my opinion. All I know about is trade setups.. probabilities in the near short term. Investing I leave to Warren Buffet..
Thanks…like I’ve alluded risking $285 (I only bgt 100 shares) of BPOP for decent reward, I know I could lose it all, with his diversified portfolio other stocks could compensate for the loss.
AAPL looks like a good short here. Target $233-$234
Waiting for Sams 1203 so i can short SnP’s
he told you so.
What’s with SRS tanking today? Un fookin real what a POS.
I have never seen the Dow so undecided as today. Dumps 50pts and then miraculously back even. to crazy for me this is not a market.
good for the nimble fingers. Much preferred to yesterday’s stagnation.
I agree with you though- market undecided and very topheavy = tread lightly.
Sams push to 1203 could easily come true. Trend change should be after April 16.
I will be short from April 23 th on for a 10 percent down move.
Tops need time !!
Gold is very close to a trend reversal down move in the coming days.
up maybe to around 1183…..longs do need very close stops !! careful !!
Can you provide a reason why you’re anticipating a potential trend change after 4/16? Thanks.
anyone else looking to short WYNN? i’m thinking of getting some JUN ITM puts…. maybe this afternoon
Looks like nother small move in Mc Oscillator back to back days,big move tomorrow? Guess we see what INTEL does AH
taking a short here, no stops up to 1290 SPX, 50% capital, swingtrade pos, 2-week target @ 1120, event-driven. gd luck!
Hey everyone …. sorry have been crazily busy at work …
Still holding my PCX Calls … nothing more right now … trading in a triangle – needs to close above 22.5 to get a life …
Hey, it’s tricky cuz of options expiry week, too. Scan I did this am, only steel commodity name up like GGB.
Possible bull flag on SPX 10 min
i told you until s&p hit 1203 this market will not sell off. I told you this but again a lot of people got in trap and went short early and now big boys are punishing them. I bought some FAS at 108 and my styop also is 108 to be break even in case of unusual happen, but as I told you big boys now have enough bears in trap to push this market to 1203. Of corse going long now is very risky. I am still waiting to load a huge amount of SPY June puts as soon as we hit 1203. I think the action will be very quick and fast and we may just hit 1203 for a few minutes. SWBB
The dip this morning got bought, that’s all.
My target for reversal is 1229, which is the 61.8% retracement of the bear market. Also corresponds to some heavy resistance.
The commercial real estate is in shambles and SRS is going down the drain go figure.
SNV breaking out of triangle
Richard where r u?
This board is empty with out u…!!
sportspotatoe,,, BPOP!! wow!! I got out a bit ago,, congrats on holding it this long
Hey…thanks…there are times I stay patient…blogging limited per my elderly mother-in-law just moved in and taking care to see she’s settling in…helps me hold/swing trades as oppose to two day trades.
Watch this market surge up. The financials are all coiled up ready to take a big run up. Would not be surprised to se EOD +50 points.
Stocks I’m watching (waiting to see how they close) :
ACAD
COIN
PRWT
SNV
I see the DJI as having about another 120p upside potential. Which would line up nicely I think with a SPX of 1208. I will be going short if we get there.
Not a chance.
I’m so bullish.
Idan…….you see today’s action in FSLR as healthy consolidation on low volume?
I’m liking it.. i’m liking it! My stop is at 124.70 so that i’m making at least 0.5% profit.
Idan,
what do you think of SOLF?
Thanks
I’m not necessarily a fan of SOLF… it might go higher, but i don’t see a nice entry like i did at FSLR.
Idan, As usual good call on GOOG and GLD…You’ve been on fire! Must be the eurphoric feeling with Duke winning the NCAA championship…hope next year’s team don’t follow the Tar Heels (i.e. win championship and following year don’t qualify for NCAA). Should have bgt at least a couple shares…have some prior to your call, was down as much as 20% now 1.77% in the red. Did your service reveal these candidates, if you don’t mind me asking. Thanks.
Actually I meant “great call”..
Hey Thanks,
My service did not trade those. I only talk about 1-2 stocks that my service does a day, GOOG and GLD were not stocks that my service eyed.
The service went short CPKI for example, and we’re up almost 10% on that already. We look at extreme stocks in my hedge fund, and that’s what the service about.
On the side i also day trade, and that’s where GOOG and GLD come from.
in INTC at 22.7 for an earnings play, I hat earnings plays but want some “Action”
Good news alreday baked in the stock
intel reports record 1st qtr
up 3% as of now
–Gross Margin 63%
–Operating Income $3.4 Billion
–Net Income $2.4 Billion
–EPS 43 Cents
Intel Corporation today reported first-quarter revenue of $10.3 billion. The company reported operating income of $3.4 billion, net income of $2.4 billion and EPS of 43 cents
Sold at 23.5 for a nice profit
nice one smyrnaman..pretty darn good for about 45 minutes worth of work
congrats
Well.. Woo’s 11030s hit..
I’m carrying over a small TZA I just picked up AH @ 6.27 .. Contrarian trade.. I will risk no more than .08
Intel Sees 2Q Rev $9.8B-$10.6B INTC
INTC boosts 2010 gross margin range.
CSX and INTC both higher ah
————— TZA ——————- Picked up in AH for $6.25 we will see what JPM will do tomorrow stop is at $6.19..
everthing exactly is happening as I told you. Tomorrow we should get a 2 or 3 points gap up on S7P and then run to hit 1203 and then drop. I think the drop will start slowly and we may even get a little retracement on thursday and the big drop will be on Friday. Tomorrow I would drop my longs at 1203 and load SPY june puts as they are very cheap as big boys dropped VIX very well as I told you. SWBB
I actually dropped my longs and I think it is very dengorous to hold long uinless you have enough puts protection. It is not worth for just few points to hold long at this point IMO. SWBB
You have been wrong since birth. Zee is the sadam of trading and a very poor student.
Don’t know many muslems. When i was in the IDF we just called em targets….kids like zee would
throw rocks at our tanks.
Greetings, I see all your posts, keep them coming.