Sun Tze
9:30pm
Happy Friday guys. This is the INO trend score summary for all the stocks, ETFs and commodities we discussed today.
AAPL (+100) – Strong Uptrend
GOOG (-75) – Downtrend
FSLR (+70) – Uptrend
GE (+85) – Uptrend
SDS (-75) – Donwtrend
VIX (-65) – Weak Downtrend
Natural Gas (-85) – Downtrend
Crude Oil (+70) – 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
3:31pm
Taking another short on the green AAPL at $246.57, stop right at 250.50.
2:12pm
Got stopped out of AAPL with a 0.3% profit…. will still be looking to short further at a better time.
12:11pm
I got stopped out this morning from my GOOG 1% down and from GS 3% profit, and FSLR i have a stop at 127, but i’m enjoying my GE short and my SDS and my AAPL short here 
, both stops on those are in positive territory.
Sun Tze
12:00 pm
The rally since March of 2009 is not driven by retail investors. In fact, an overwhelming majority of retail investors are either still on the sidelines or too numb to do anything with their investments. This conclusion was drawn according studies conducted by Wall Street analysts. The rally is entirely driven by institutional investors and hedge funds. This is why this rally is not organic but rather manipulated and artificially contrived and unsustainable. Volatility will come back to us in full force in the next few months.
Daniel Shporin
11:30AM
SEC Investigating GS? VIX up 11% at the time of this post? Cool stuff on a friday. I’ll let it play out and see how low we can actually manage to go. Then maybe I’ll even go short next Monday or Tuesday on a swing trade basis if we can break this week’s low. Have a great weekend!
10:05AM
I’m out of both positions, took profits in the first 20minutes on nat gas.
I’m going to make my posting a bit more consistent. Next week, expect posts everyday between 8:50 and 9:05AM, for the morning day trade I take on both energies. Typically, I look to take 10 ticks on 1/2 my position, and another 20-50 on the other half, but I hold the entire position on average for only 15-20minutes. I trade the /CL and /NG.
After that, I’ll make a 2nd post between 930 and 1030. I’ll discuss any swing trades I’m looking at, and any second day trades that I’ll look to hold into 12pm.
9:11AM
I’m short nat gas and think we’ll break yesterday’s low. I’m also short oil here in the morning, but I’m bullish ona swing trade basis, so I may reverse this trade if necessary and go long. All day trades, I’m not holding positions over the weekend.
GE will be reporting tomorrow, and so i’m a little worried as to what will happen to my position. That said, the chart speaks for itself, the entry point was perfect, and based on the chart we need to see consolidation for a few days. The daily candle looks like a topping hammer too:
Just did a stock selection scan via Yahoo finance: many financials still showed up but not BAC this time…
ABK, AIG, MTG, MBI, PMI, C
tech: SNDK, JDSU
casino: LVS, MGM
media: GCI, LINTM
solar: JASO
have MS, BAC calls
have stock JASO
looking into JDSU
the vix has another sell 2 days ago in case anyone missed that.
Thinking we end up between 1200 and 1185. 1192-93 seems about right.. If we recapture 1200 next week , I’m long. If we loose 1185, I’m short. gl
RED ALERT …………. FHN …. DOWN 6.66%
XLF is going to roughly $14.60 before finding support. Here’s why:
1) In Oct. of 2009, the XLF experienced a similar “gap up Blow off Top” followed by a sell off of about 12% before finding support. The same pattern happened this week, and I expect a similar ~12% sell off..
2) the trend line from that same top in Oct 2009 to the top in Jan 2010 is the upper part of the channel the XLF has been trading in since Sep ’09. It broke through it in March of this year and has never looked back…currently resting around $15 (as it is descending it will be around $14.60 or so in a couple of weeks).
3) $14.60 has been a major point of support/resistance since Aug. ’09
thoughts?
HOFT …………. sell signal on all my indicators .. i doubled up
so now it rallys
REFER BACK TO MY ……….. new rules for mr. market ….. NO down day > 100
in CYCC @ 2.68 b/o
This sucker has to break out.. holding over the weekend…
well well,, between 1192-93
what does that mean.. are we using the previous resistance for support or did we break down?
read comment #3..
it’s just exsactly midpoint between 1085 and 1200.
If you wanna know why 1085 is important, listen to yesterday’s program
http://www.dcradio700.com/schedule.html
BS live now..
http://www.stocktwits.tv
Just to set the record straight. My position is and has been that this was a possible top of two that I have projected for the year. 1st top was called at 111075-11125 area. The other are was at 11675-11725. I went all in Wednesday after the rally because the pace up was unsustainable and a correction at a mayor intersection and resistance level was likely. Now I was thinking 5% at that time. Now this SEC sue against GS and I am parked more in the 10%-20% correction depending on how contain this GS issue is within GS and financial industry (so more news or charges can come in light of financial reform discussion). Now 11675-11725 could still hit but not now and it will probably be for later in the year more close to the elections which will give democrats accomplishments: Health care reform, Financial reform, stock market recovery. So the game as I see it is correction long due (so choppy the next upcoming months) and then up steadily to the second top at 11675. I would not recommend being long now since this short term top could be it and double dip could start again. Risk is to the upside not down. VXX should soar during the upcoming months.
I dunno if we tank on Monday it just seems too obvious,the SPY’s are up in AH i think we bounce on Monday then fall.I have 2 long plays one is C and the other DDSS I know you think in crazy holding C into earnings but im playing an upside surprise and if it sells off it’s only a $4.50 stock how low can it go.As long as the goverment holds 7 billion shares I will not worry about it.
way too risky for me to hold Citigroup right now… I think this is the sort of time where you lighten on your positions as a whole. And if at all, go short.
Uncertainty leads to down days.
I agree,, I don’t really see the advange.. If you don’t have considerable advantage on your trade and are relying on luck,, it’s gambling.. sure it’s fun,, and might work here and there,, but at the end,, the house (market) always wins.
How to play with odds on your favor..? Setups…..
I don’t think we are gonna crash next week though… Let’s see if the market agrees
If Citi ran on Friday i would agree it could only go down but it sold off 5% due to Goldman.Citi could still sell off but probably as much because the fall on Friday..If the earnings is good it may get a bump in pre market then iwill dump it..
I think we’ll see 1160 area at the lowest point. I’m waiting for a small down on Monday followed by a short term dead cat bounce and then more selling to complete an ABC to a max of 1160 area. The advance will then resume to 1235-1250.
And zee will clean the puke from floors of family’s cab before selling OOT calls worth $6
and not knowing the margin or danger of same.
Zee, how is that MBA degree from Scientology working out?
Ummmm Jimbo. We women have a real crude term for guys like you that includes the words “small” and “syndrome” in it. Can’t say it here but you get the jist. Back off. You’re making a real fool of yourself and downgrading ST quality. thnx.
Real men have terms for those like you. I am too much a gentleman to stick a finger in that
stormy dyke.
Valerie, take it on the chin, I think this guy has some good points but overall he’s very toxic in nature.
sweet…OPEC boosts supply….oil is going down
Morris…I hope you didn’t sell your sco yet
sorry…my mistake it was natural gas
but oil is still going down,,,hope it breaks 80
Hey ST-ers. Zero Hedge has some great reads on the unfolding GS debacle.
Here’s the link.
http://www.zerohedge.com/
Enjoy.
Thanks Valerie, and appreciate your posts. I hope you keep stopping by.