Sun Tze
12:00am
Today’s intraday commentary is full of stocks, ETFs, Index Futures and Commodity futures. Here is the trend summary for all of them.
FSLR (+70) – Uptrend
UUP (-60) – Very Weak Downtrend
AAPL (+100) – Strong Uptrend
SPY (+100) – Strong Uptrend
GS (+90) – Strong Uptrend
UNG (-65) – Weak Downtrend
Crude (+100) – Strong Uptrend
WYNN (+100) – 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
3:58pm
Loving the action on FSLR here.. this is exactly what i wanted to see coming out of this stock. Also AAPL is showing signs of a blow off top, which is great for the short sellers, they’ll like shorting this upon another move higher with stronger volume. Nice blow off top on the SPY, i’m adding another position of SDS (now 3% total), at an average of $28.94.
12:45pm
The dollar ETF or (UUP) is forming a potential H&S formation with the neckline right at 23.40. I think that as long as it’s able to stay above 23.35-23.40 the dollar can still rally back, but once we break below, i’d be very worried about the market staging an additional rally.
Here’s the Daily:
12:17pm
We will start thinking about shorting AAPL very soon here. All AAPL fibs point to a top around the $146-149 levels and I think this stock is a little over done, i’m hoping for a clear topping pattern like a H&S or a massive 3% spike to short on.
12:09pm
The SPY daily is definitely showing that it is time to short. The market has hit the top of the channel. My guess is we can still move slightly higher, but in general taking a short position with a 2-3% stop will most likely be profitalbe.
12:05pm
GS is pushing it’s way back up, after it retraced it’s neckline. You know i’m a fan, it had such great entry points.
12:03pm
Daniel went long on his natural gas intraday trades, but the reason he’s successful is because he’s seeing the longer term trend changing as well. It looks like we have a bottom in UNG, and i was talking about this yesterday. We have our breakout today, and this could be the start of a new push higher:
Daniel Shporin
11:42
I got long Nat Gas above the day high and scalped a quick 10cents. It was too fast of a trade to post here though. You can still be holding long if you wished, I think we’ll see 4.3 very soon in /ng.
That oil long really worked out well if any of you guys held on. A nice $1 move from the day’s high translates to $1,000 on a 1lot in the futures. I got early as I mentioned, but great trade to anyone who is still in (could be a very nice swing trade with a stop below today’s low.)
I’m done for the day, take care!
10:32
Well, I took some profits on nat gas, but was stopped out on the other 1/2. Overall I came on top $60. Wasn’t as good a follow through to the upside as I would’ve liked. I’ll look to get long oil here if we can continue this rally after the EIA number (my order long is at 84.92.)
9:56AM
I cut that trade a bit too quickly in oil. Last candle came in and took us down to the $84.28 mark. Oh well, I’m waiting till after the report to initiate any other trades.
Meanwhile, I was just filled in nat gas. I like this trade long above the high of the day, I think nat gas daily has put in a potential double bottom, and we are headed higher to correct the large leg down we had from the beginning of the year. My fill was 4.203, I have a stop in place at 4.182 and 4.113. I’m looking to take profits at 4.223 on 1/2 and I’ll let the rest ride if momentum continues to the upside (given that we are new highs for the week, I think there is a good chance we see 4.3 either today or tomorrow. I don’t hold positions overnight, so I’d prefer that to be today.)
9:34AM
I cut that trade in oil. Very quiet activity here ahead of the number. I’ll go along above the high of the day if I see some volume, if not I’ll just wait till after the number. I’m long /es right off the open, risking 1pt to make 2 (in at 1198.25) ***And yet again I’m reminded the /es doesn’t move, I wonder why I still place day trades on it at this point, I just don’t seem to learn.
9:25AM
Just got short oil at 84.71. I took a part off at 84.61, but I’ll look to let the other 1/2 ride to the 84.20-84 mark. Remember, today is the EIA report at 10:30, so expect heightened volatility on oil at that time.
On Nat Gas, I’m getting long above 4.203, or short below 4.114, the high and lows of that 5min candle (which had big volume and big breadth of 89 ticks.)
Today we look at FSLR, WYNN, SPY and talk about the new service that you should subscribe to! This service provides you with the trades of my hedge fund without having to invest.
One of the greatest ways to trade these days has been swing trading extreme overboughtness indicators, and i believe by following the trades you can make some real money.
anyone got any targets on GS? I picked up some on monday at 178 and feeling good. Curious if I should take profits now or around 190ish
I would just let it ride and put the stops at 179
I am a little overweight on financials, got a bunch of BAC long term, (I think its a $50 stock with a 30 cent dividend in a few years) was looking at GS as a trade.
Zee on drugs.
Guess getting rejected at university was more than the cab driver of the future could handle.
Anjali, Did you use the scan yet that I provided? BAC was one pick, so far so good, PCX I’m still in the red…Whoever told me about BZH, thanks as it wasn’t in the stock screening I use.
SP – my aunt had a major burning accident this weekend and in critical state am travelling to India tomm … so trying to close my positions …
BAC has earning on Friday so be careful …
I sold 1 PCX for a small profit, may sell the other one BE … need to figure out what to do with my HD underwater puts as I am out for the next 10 days
anyone else see the dow hitting the 200ma on the weekly chart?
I will throw in a trailing stop for $5, that should do the trick
sorry that was for my a reply to kenjisan about GS
HOTT is trully hot
.. My target is 10,, let’s see if it can make it
zero hedge is a great read.
wtF?
just bought a HUGE amont of FAZ at 10.96. Profit taking should start at last hour. SWBB
You are so full of it Sam. What did you buy 100 shares?
Heh, “huge” is relative for everyone
In for some FAZ too..
Here it comes.. last 30 mins of the market. Will we shoot higher or crumble.
It really feels like a crap shoot.
What happened Sam i thought 1203 was where Big Boyz were going to dump the market !!!
are we gonna hear any “I told you’s?
What a frickin’ ramp job being done to this market. Sorry, but this whole affair makes me want to puke.
Can’t beat em, join em??
In SIRI @ 1.06
Sold half @ 1.07 stop on rest @1.05 for break even trade.. Will add @ break of 1.09
geez, how many shares are you in for?
who reports after the close?? I want to make some $$
YUM—Reports
YUM I think
Thanks fellas, I piled in at 41.64 on 200 shares, hoping for some good action to make some dinner $$
Sold at 42.7 Thanks YUM for the $200
ahh yes. An EOD squeeeze. gotta love this market. Too early to be in FAZ. MTCW.
yea it seems that way now. climbing higher!!!!
BPOP has left the building,, congrats to all that are long
Great pick – topping tail just now – protect your profits …
Sorry to say that I sold in the low $3 range.
Yes…nice green volume bars in 5 min chart…I’ll have to check out what a topping tail means.
okay, just checked the news, earnings loss but hopeful and analyst upgrade boosted the stock. Sometimes, it’s all about guidance.
Brian Shannon will be in http://www.stocktwits.tv at 4pm ET
no market turningpoint before April 16 still valid. tomorrow high open is first chance for a short of a couple percent. not much so far. i do not see any move below 1167-1173 before April 23.
Toppy action at the close. Can the rsi hit 80 on the SPY? That’ll put us in unchartered territory as far as overbought conditions are concerned…
All bears must die before the rally ends. The is a bear suicide hotline that is still ringing but the calls are getter fewer and fewer. Free injection being provided at the bull camp tonight only. Please come willing.
I am 3min. Sorry, provided my real name there.
Bear suicude hotline! Good one 3min.
Sam must be hurting since he loaded up FAZ at $10.96
I would love to see FAZ at 0.99
They will do a 10:1 split around 5
Uh oh.. market closed at highs.. and stupid FAZ stop didn’t hit.
Looks like I need to hold this hell hole over night for a possible slaughter tomorrow .
You should be ok
Get out by 9:45
cool stuff!
today big boys screw all technical analysis rulls. Tak eall your technical analysis books and throw them all away. Only stick with boys boys to make money, sometimes i just forget what i am saying. Buying FAZ was a mistake, but glad i got out almost break even. Tomorrow should be side way and we should see what we should do for next week SWBB
Told you so…
Not so. It makes sense that we should have one more overbought day and correct.
However, news and earnings are very powerful right now so it is time to be 50% long but with your finger on the trigger.
Selective shorts are there, but it takes to much courage right now.
today looks like end of June beginning of July 2007…..more month to come before the party for bears can start again, but i think the easy money bull market is in the final up leg…..
MY FAVOURITE EARNINGS CALL OF LATE WAS ………… TIF
you can see the $45 to $47 long ranged positive candle on earnings date where the move was justified by the following. TIFFANY misses on sales and earnings but beats the street on outlook. this market is a great laugh and this is why ive been taking a rest from it. “I will probably do better next time is a rally call ? ”
“Teacher, can you give me a better grade despite failing my Math test?” says Jimmy
“WHY certainly not” says Ms. teacher
“BUT im almost certain that i’ll probably do better in the coming months” says Jimmy
“Almost probably certain? I’ll upgrade you to an A- from that D but please work on your english as well”
“Thank you. promise you won’t be dissapointed most likely”
unloaded my BZH long at break even so now that sucka takes off. sold my SRS yesterday at a break of $5.50. Shorted HOFT yesterday at $16.65 and was up this morning and now see again… break even.
setting up our shop in our garage as we have had more inquiries from customers wanting to come see us. maybe just maybe we can rid of this pile of beads and have some fun this summer. im having little success in the markets of late and our on-line bead sales are off 75%. its tiring to say the least. hopefully you all fair better.
GOOD LUCK TRADING!
Zee, if you made 6k that’s nice! My buess is you must have held large positions… I got killed playing large with X, MOS and FCX and few others people picks… down over 25k for March
now trying to play small which i am not used to and it’s still not working…
Get another hobby. Everyone should have made a ton of money these past two months.
any input on citi? I have some in the high 3′s….will it crash and burn into earnings or will it take off…can’t decide if I should take the money and run into earnings or roll the dice and see if earnings take it higher
I sold my C at 4.66 arghhhhh!!
I think citi will bouce lower once it hits 5..I am get in again around 4.55-.470
What is the short term play…hold into earnings or sell after the additional run up on hopefully good bac earnings? Probably will wait to see what happens once over 5 to see if the institutions are going to come in..they may wait for earnings to really pile in if earnings are good
do you need a hit or something…are you kidding with the 14…
Zee..we all said the same thing when it crossed 5 the last time around-institution will pile in etc and it never happened. Uncle SAM needs to sell and I am expecting it will come down to 4.50 or so. Time will tell.
What was that dump of huge volume at end of day for GS? If this market is going perpetually up and GS is still undervalued, who was dumping at the close?
GS has been and will be the bellwether for this market…expect that same kind of volume on the sell side soon. Tomorrow?
Anybody else worried that we may be seeing the start of the complete collapse of the Dollar today?
Look at the daily volume on the UUP, the day after it backtested the 50 MA (which has been support the past 5 months).
If this trend line level doesn’t hold (around the 23.40 Idan references) the dollar could be in some serious trouble.
*although the weekly chart still looks more bullish on the UUP. 50MA on the weekly stands at 23.32 which has been both support/resistance, so perhaps that is the level to watch for…maybe we’re just seeing the UUP backtest this 50MA 1 more time before making another push for the 100MA to break through.
and maybe just like opposite of May ’09, we see a long white candle this week — tomorrow’s morning sell off of UUP to backtest 23.32, only to rally in afternoon/Friday and break through the 100 day at 24 ?? would coincide nicely with a sell off in equities.