LIVE TRADING (on video) CONTINUES at 3:30PM EST/10:30PM GMT
2:31pm
GS still trading in a triangle formation after hitting the prior low level (now resistance). If we break resistance of the triangle, you should go long. If we break support you should go short. I am however, more bullish on GS than bearish (i’m hoping we break out so I can buy it).
1:48pm
GOOG 10 minute is starting to look more toppish as we broke down a small H&S formation, remember that 483.51 is the 38.2% retrace of the whole rally we had since the lows of 2008. So that’s some support (we have to break) before i go short.
12:01am
Yesterday the SPY closed right at 111.52, which is literally 3 cents away from my 111.55 support level that got breached earlier yesterday. Yesterday i mentioned if we close below it, this could be bearish into tomorrow, but if we closed above we could rally onwards to the 113.50 high and probably to my 114.80 target for this rally. With the SPY closing at 111.52, it is incredibly unsure where the market would go.
I remain bullish (short-term) on the market and will look to buy the SPY if we get a dip to 110.05-110.28 (former resistance now support). I will only become bearish if we fall under 109.12 and even then will not consider shorting just yet.
u mean fall under 109.12, right?
http://www.cnbc.com/id/38436527
financial will get hit sooner. GLA!!
where would DLF be headed today in intraday market ???
ALL IN AEM.
I won’t be posting here for a while if AEM goes up 10%.
retire young baby.
AEM reporting earnings at 4:00.. this stock is the most manipulated POS ever.. worst then amd.. but easy as cake to make $$ from it.. going to $60.
look at the yearly chart.. we bounced off $50-55 about 15 times since 2009.. this is huge support.. buy now, sell 10% later.. or do what I did, 20% CALLS, 20% SHORT PUTS, 60% STOCK
BIG MONEY IS MADE ON GAMBLING
watch aem ah
pray it goes up for me lol.
i wish more stocks would close at ‘illuminati numbers though’
i could then forecast everything with 666% accuracy
I don’t know why some people who are short the market and keep losing money are mad at me and think that I am driving the market up causing them lose money. Hey those people who were mad at me, please note that BIG BOYS are driving the market not me. I am a small trader who just try to forecast the market based on big boys action.
1- Monday when Market was down at pre market I said market will rally toward 111.5~111.8. OK market did EXACTLY WHAT I TOLD YOU
2- I said I will go short at 111.5, OK I never took that short but even if I did I could have made money since after market SPY was trading at 111.3 below my short price and even yesterday it closed right at my price after 2 days. This how important is the level I choose to go short
3- Then after I saw the close on Monday I looked at big boys and I posted at Monday 4,00 PM and I said that tomorrow market will gap up toward 112. OK market did EXACTLY WHAT I TOLD YOU
4-Then yesterday morning when SPY was 112.35 at premarket , I posted when maket still was not open and I said market will not close above current level at 112.35, OK market did EXACTLY WHAT I TOLD YOU and can not open higher
With all huge STRONG forecast I make people still say that I have no clue or so, and they don’t care what you say. Well I do not force you to care and I make money based on my STRONG opinion. I am not looking for any body to follow me and I do not recommend since I may also wrong sometimes and everyone has to do their own analysis
Anyway one thing that you should consider in market is that you should follow the big boys, so you saw while I was going to go short at 111.5, based on close Monday I changed my mind right after close at 4.00 PM and said tomorrow will be gap up. That is how I make HUGE HUGE HUGE HUGE money. Big boys never can put me in a trap. You have to change your mind if you see different action from what you were expecting.
Now I said yesterday market will go to 1128 in few days, but I am not playing long for this 13 points. if I see a big red candle in 15 minutes chart today I will go short only interday and if we go right stright up at 1128 I have plan to go short HUGE there, but I will look at big boys at first.
SWBB
Thanks Sam ..nice explaining
Sam,
You are a HUGE HUGE HUGE HUGE bag of wind. No one cares about your posts anymore and the only reason people may be mad at you is because you waste their time telling them how great you are and how much money you make and what the market will do… and then contradict yourself at every turn. Have a little humility, just post the facts and don’t promote yourself so much and maybe people won’t think you’re such an immature self-promoting poster…. as many do. I’ve only been on the board a short while but I see it clear as day.
Sorry bsmith for your losses. I told you not to fight with boys. It is more than clear that you went short early and lost a lot of moeny and now whenever I talk bullish you get mad at me, but as I said I am sorry for your losses and I am not resposible for that,
SWBB
”The four most dangerous words in investing are, It’s different this time!”
illuminati closings anyone?
I.L.L.U.M.I.NA.T.I.
ILL
don’t know if you stocktockers have seen this vid
karl denninger fractal
price mimics 2007 highs
http://market-ticker.denninger.net/archives/2525-Fractal-Update,-7262010.html
Hmm.. That would be HILARIOUS if this ensues.
So he’s looking for a double top at 1200 on the S&P and then a straight shoot down to S&P 1000 by December..
BOY that’s one bumpy forecast!
Yesterday I bought SPXU (3X triple short) of SPX. THis morning I realized it was a wrong decision and sold it all. No gain no loss. My thesis was based on the assumption that commodity stocks were breaking down and they tend to lead the market. However, overnight the commodities strengthened in Asia.
Question to other traders – How would you interpret the market if we remain flat today and neither go up or down. Is that bullish or bearish?
You cannot interpret the market at S&P 1000.
It is in-between two major pivot points, i.e the 1011.91 9/11 Illuminati bottom and the 1200, fictitious manipulated FED induced rally.
Carry along, go short/long at 1100 and I WILL guarantee you you will lose money..
this is just IMO
I wish there was an edit button, I mean you can’t interpret the market at S&P 1100
Thanks
Well, that’s not very encouraging zee. I’ve been trading the markets with high success ratio the last 3 months and I’ve had 18 of 20 trades with profit, so you can trade the markets with success if you’re patient and you don’t get caught up in the emotions.
I don’t believe we’ll get a meaningful rally this week, unless it’s late Friday. I’ve stayed short since before close on Monday and my position is flat. We should get a small correction before we move higher. Looking for 110 area or lower on the SPY to back test the 20 ema but it doesn’t have to touch necessarily.
Why is all the bottoms in the form of satanic numbers?
March 2009 Bottom 666.67
Feb 2010 Bottom SPY 106.66 with AH trading at 106.67 until 6:66 PM
July 2010 Bottom September 9/11 Botom.. 1011.91
Where will be the next top? 66666.66 on the dow jones?
should EWT be using the .333 and .666 retracements instead of .382 and .618?
hmmm.. I am asking the right questions.
anyone care to answer?
pretchner? woo? idan? stevE? jimbho? sam? fritz? goldmansuchs aka $0 loser,
ask your alter ego, Sam
nahh, keep using the .382 and .618
shorted another 2k share of AMZN at $117.10
still holding my other 2k short at $116.48
so far getting shafted on both trades but i will hold to $121.58 or so
may add another 2k shares if I see some form of selloff( but hey what the hell is a selloff that never happens anymore)
going outside to get some air and clear my head and prey of course hahahaha
MY STRONG ANLYSIS, MY STRONG ANLYSIS, MY STRONG ANLYSIS, MY STRONG ANLYSIS,
BIG BOYS may just want to put us in a trap. I need 1105 to be broken befor I go short. SWBB
SWBB
Wow, impressive analysis………NOT!
The second daily candle below the resistance line of VXX is forming today and I expect to test that resistance close to a VXX of 23.75 or so. No worries here and I could add another 25% (currently 50% in TNA/VXX) on our way up. I will not be concerned about this market going down unless we trade below 10350 or VXX goes above 24. Meanwhile this is an expected consolidation pattern to a push higher to the 10825-10850 area. I am expecting this levels to start hitting next week. In the way to a double top we will see a nasty pull back of 200-300 points closer to 11000s. I will start unloading longs (50%) once we hit 10850. I will ride the next portion with 25% or less. Meanwhile any dip that is above 10350 is a good buying opportunity.
Long Term View:
The market is primed due to stimulus II and QEII talks + perceived notion of central banks in control. This should take us to the double top and perhaps a break for a rally to the 11600s. Now it is at these levels where the short proposition becomes interesting. I will give more details as we get closer
Idan or Woo,
Is there anyway you guys can install an IGNORE feature on this site so we can put Sam on Ignore if we dont want to listen to his BS .
He never posts a single trade and always comes back and changes his previous comments into something else…….. WAIT >>>> HE IS DOING THE SAME THING AS OUR GOVERNMENT>>>>> isn’t he?
HE IS DOING THE SAME THING AS OUR GOVERNMENT>>>>> isn’t he?
LOL – maybe he’s really Big Ben B
oh crap….. stick with ben bernanke…………….. hahahaha …………
come on sam try posting your trades when you make a transaction. including shares and price along with what your plan is ….. maybe then people will start to take you serious and not make fun of everything you say….
gl to all of you
if he did that, everything would be ruined…
haha… well we are working on something better than that… you’ll really like it, just give us another week or two.
Idan or Woo,
What do you think about amzn here ? should I short more here?
I made some very healthy profits earlier on AMZN and am able to risk about 20-25K on the position .!
I just cant believe that its trading at such a high PE and it should be trading much lower now that the consumer sentiment is at depressed levels and not seeing much improvements in the next few months>
Your help and comments are always appreciated.
GL to you guys and much prosperity to all of us (even sam too only if he behaves)
Sam is a multi millionaire (billion??) – just ask him. Doubles his money every week. He’s on fire.
hmmm….
amzn is still trading at the top of a channel. the channel trend line and 50ma are sitting around the low 120s above here. if we see a market rally, we could see amzn head towards this double resistance like a magnet, and we will have to wait and see whether it holds or breaks that resistance.
even though amzn is trading at a high P/E they are still making lots of money. consider that at the current moment, the negative and positive sentiment are factored into the current price of amzn, especially after the huge volatility that happened prior, during, and right after earnings.
overall the amzn chart is still bullish. i would wait for more confirmation to short, or look for a more optimal position to short such as a rise to the 120s with a strong defense of the 50ma and trend line there.
You can enter a short position now, but it’s a bit more risky, and you may have some fundamental support, but chart wise, I can’t strongly recommend a short yet.
Still holding Faz, in pain but not unexpected.
Interesting commentary on bloomberg radio. Before last big crash (2008), bond yields down, gold down and dollar all down. The same is happening again.
do you have a link? is it online somewhere?
I know folks here are chart traders, and wonder if anyone has ever heard of Gordon T. Long. Here is a link to an article he wrote with some charts and if possible could experienced traders give their thoughts on his predictions. Looks pretty scary just a couple of years out: http://home.comcast.net/~lcmgroupe/2010/Article-Extend_and_Pretend-Roadmap.htm
Do you think he’s right about a big move up and then woosh???
that’s quite an article/summary. it’s very possible. i also feel we are in a secular bear market, and these usually last 20 years or so haha.
there is still the possibility of low 1300s, with P2 staying intact and then a possible huge fall to new lows after that (P3).
there are definitely a lot of bubbles that have been forming and that can continue to form, that will eventually need to pop. i’ve talked about the world’s mortgage and larger picture credit problems for a while now, but it doesn’t need to implode any time soon.
We still need a good amount more confirmation before we can strongly lean in one direction or the other, and we can’t leave out the possibility of a lot more rising.
They slowly grinding it up for EOD green.
i’m currently looking for 200ma as support in the 1114s. also vix under $23.38.
around mid 1112 is the 1 month trend line. the 200ma regain and vix movement, will give additional confirmation for a long position.
I’d also like the 60 minute SPX RSI above 62, but that will probably happen with a 1114 break.
Market as I said still is VERY BULLISh and I TOLD YOU that 1105has to be broken to go short. Well big boys did a good job and saved that and they were unsuccessful to put me in a trap this morning. I am looking for a rally to come into next week, Big boys are creating a very nice and sweat opportunity in coming days.
SWBB
let us know when you make your next trade.
Today I will not trade if we do not break 1105. If we do and we close below that with two 10 or 15 min candel then I go short toward 11855~1190, but if we stay above as I said i will stay aside.
Right now I am thinking about going long on BIDU and short onn FSLR, but still not decided yet.
You said you want to buy some calls on FSLR woo, is there nay pattern that you see this may rally, beacuse I am thinking this may tank toward 110-115 fater earning. but still watching big boys action
SWBB
FSLR is sitting right along the trend line at the moment. i won’t be playing earnings. a breakout or breakdown could take this 10%+ in either direction easily. It has been showing bullish signs, but earnings is earnings.
BIDU recently hit a long term trend line as well as double topped. a breakout should take us to $84s minimum.
FSLR – Auriga U.S.A – Raised from $138 to $173 – Buy
http://www.finviz.com/quote.ashx?t=fslr
time to short ?
Woo, I think BIDU has potentioal to go up to 90 after breaking to new all time hight. It is very strong stock, and I beileve over longer term like several years it will go much much higher.
i wouldn’t doubt it. china is going to continue to lead the market, and the internet usage there is increasing as time goes on and more computers are bought and used. lots of development potential in china, and BIDU will keep making more money over time.
Bet this weasel will not post any trades, he’ll just keep bragging.
his grammar and writing style keep changing.
proves what i’ve been saying.
Feels like 2pm report may not be so hot, just a guess.
No live trading today? Guess I didn’t get the email!!!
LIVE TRADING (on video) at 2PM EST/7PM GMT
Thanks t. I somehow missed the time change!
nflx is drop below $100.
any idea where it supposed to go?
http://stockcharts.com/h-sc/ui?s=NFLX&p=D&yr=2&mn=0&dy=0&id=p58036972787&a=204535071
Could drop to a retrace at $85.
Most likely $90ish minimum if we can stay below that trend line.
very nice chart. Thanks woo
Woo & Other traders
WOuld you short NFLX here, maybe buy some puts. OR maybe wait for pull back around 112-117 which also happens to be a big gap their, thans short around here since the market is more bullish. TIA.
wait for low’s of the day to break, and then jump in. will be a fairly solid short then. if you want to, you can trickle in now, but that’s a bit more risky.
I agree woo – this is the first hit of the TL and so it should be support and we are forming doji ight there – this could cause a reversal / bounce …
This is my Leveraged ETF Pro SPX post from yesterday:
Market still looks bullish to me. There’s a chance we could get a pullback towards 1106ish, but if we don’t break below it, I would take a stronger long position there. The 1135-1136 is still looking good as a short term minimum long position.
————
However, there’s a bit of a gap below here, that could sweep us down. I don’t think I would take a strong long position here. Might just wait.
Woo – which gap are you looking at 1105 or some other one ?
What is the best way to play FCX using Sep options?
I’m not sure that it’s the best play right now, but i’d me more bullish than bearish at this point.
I don’t think the market is buying it Idan. The report came in worse than last one no matter how they try to spin it. Still nowhere near where it has to be for this so called BS recovery. Jobs is they key no matter what they say and they just not there.
You both are right.
Idan might mentioned bullish at this short term.
In the long term, yes we are still in the bearish mkt – we are not even 1/2 done fixing every piece that failed
As long as the dollar keeps trending up this market will continue going down.
Good afternoon everybody,
Hope you all are making some money today. At the moment its looking good as I predicted yesterday on the board right around the closing bell. Now watch a last second rally to really screw over me and the other good bears
Actually I really doubt it and believe we’ll stay at these levels or below. Would love a close of below 1100 by doubt that.
Idan or Woo,
I’d like your opinion, I’m holding all short positions and obviously I would like the markets to go straight down. However I see that you both still seem to be pretty bullish.
With this afternoon’s action, do you feel we’ll still rally much higher before a continued correction, or do you think there’s a fair chance we resume the downtrend from here and go down consistently for a good while?
I value your opinion, and appreciate your time and insight.
I’d like your opinion, I’m holding all short positions and obviously I would like the markets to go straight down.
If its obvious why do you post that it is obvious?
What?????
Just a minor correction to trap more bears there will be another manipulated miraculous recovery today and they will ram it back close to green. Don’t fall for it. JMHO
WOAH IM able to post at 8:16AM at 3:26 PM
did i invent time travel.
Sam, what if Ill.uminati is in charge of markets.. should we say stick with illuminati boy?
SWILB?
Much appreciated dsavil, however some of my short positions are still slightly behind and I don’t want to sell them for a loss quite yet, so I need to hang in there. Got a feeling today won’t be a bear trap, but I could be wrong. Thanks for the warning in any case.
I never suggested to sell your positions I just stated what I thought. Face it bears are screwed right now you are in crowbar hell and stuck so you have to wait.
Yep, agreed 100%.
The only place i get bearish is a break of 109.10-109.12 as mentioned overnight. I did expect the market to fall to 110.00-110.20 (it found some support at 110.50 though). I think it might fall a little further to 110.00 but i dont see this market falling to new lows just yet, it might have to hit 114-115 before it changes direction.
Idan,
Makes sense to me, and thanks for the reply, I really appreciate it!
You know one of these days this MKT will not make a end of the day recovery as it has been doing for the past 15 months or so and it will catch most people by surprise…… JMHO and still holding AMZN short 4k shares at cost of $116.79
Hopefully this will be that day. Drop baby drop!!!
My personality disorder aside, you might want to liquidate a small portion of your holdings if and when it drops tomorrow to around 110.20, as that is major support and could signal a bull run. I intend to do the same in my short portfolio. If it happens overnight, you should liquidate pre-market for stocks, at market open for options.
Thanks Jeff, and will do, we were typing at the same time, see my post below.
Not a bad finish, would have liked better. Very low volume is a bit concerning, but volume is less important on declines and more so on advances, as far as I’ve heard and read. Bears are afraid to jump in the pool it seems, and who can blame them. However the movement on the VIX was encouraging, and all indices closing near the lows of the day as well.
Tomorrow and Friday are key days, like to see both close in the red, but confident we’ll get at least one. Really want to see the SPX drop another 1% or more by closing bell Friday, if so I’ll take some profits, but let a bunch ride.
Good luck to everybody and see you tomorrow.
RIGHT on the RSI line. Look how nicely the RSI played out:
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=7&dy=0&id=p39262695563&a=160222837
ILLUMINATI IS ACTIVE TODAY
Gold closed at 1160.40
4+0+1+1 = 6
116 * .40 = 46.4
46.4/.4 = 116
116 / 6 = 19 1/3 WHICH IS 6 X 3 + 4/3
ILLUMINATI IS IN THE MARKETS..
SWILB