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LIVE TRADING at 3:40pm EST
1:23pm
Bought some 510 GOOG aug calls… with a stop right below $483.
12:49pm
Here’s the triangle formation on the SPY 5 minutes, of course, you buy the breakout, and you sell (potentially) the breakdown:
12:45pm
I’m looking for some entry in GOOG, i’m waiting for a clear break back above the open today and i’ll buy some GOOG sept calls. So far the SPY is consolidating in a triangle type of formation which could be bullish after a massive rally (on the 10 minute).
12:01am
GOOG is one of the stocks that could see a dramatic jump very soon if it can get one more green hour above $493. As you can see in my chart below, you can see how google was in a triangle pattern a month ago then it fell to hit the 50% retracement and bounced, yesterday it hit the crossing of both the lines (as resistance) but it is also forming an inverse H&S formation now, all it needs to do is break that descending resistance of what use to be resistance of the triangle. I’m a buyer of GOOG above $493, and hope for at least 3% move up:
The SPYwill find some resistance at 113.20 if it rallies tomorrow, however i do expect 114-115 to be hit. My Elliott Wave projections have the SPY top at around 114.7-114.9 and potentially reverse there. If we don’t reverse around there, then we are likely to make new 2010 highs.
IMPORTANT ANALYSIS FROM ME IMPORTANT ANALYSIS FROM ME IMPORTANT ANALYSIS FROM ME
As I said yesterday when S&P was around 1121 market has to to go to 1128, Big boys did exactly what I said. 1127.3 only a few cents to my STRONG TARGET. Now although I said I will go short HUGE today around 1128 BUT i just changed my mind. I have to say I agree with everything Idan said above, but I am not going long on SPY for this few point , I would rather to wait and watch big boys then go short on SPY.
BIDU is in break out and I am day trading this toward 90s. I TOLD YOU 2 weeks ago that BIDU made a cup with handel and is in a break out point. SURE ENOUGH it happened EXACTLY as I said.
SWBB
^ SUPER SUPER SUPER SUPER SUPER SUPER SUPER SUPER SUPER SUPER SUPER SUPER ANALYSIS !!!!!
^ I agree with 100% with what SAM says
^ KING!
^ I HAVE SECRET STRATEGY.. but I CANNOT SSAY.. BIG BOYS know what’s up.. me.. I keep my mouth shut!!.. It has to do with PREMARKET ACTION.. THAT I CANNOT SAY.
IMPORTANT ANALYSIS FROM ME IMPORTANT ANALYSIS FROM ME IMPORTANT ANALYSIS FROM ME
Wait until 1200 for short!!!
that is it
SWILB. (Stick. with. illuminati. boys!)
Great CALL SAM!
Sam
July 28th, 2010 at 1:50 pm
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.
You talking to your other personalty …… why dont you just stop this BS …..Zee …… Sam……. Or exalttrader or whatever you call youself
i don’t even read his posts.
i wish there was a function on this forum to ignore certain posters.
a linguistics expert would have a field day finding similarities with these first 3 posts.
Sorry to see what has happened here. I won’t even bother to read the comments section from now on without the ability to block certain people(person).
Buck up, kid.
Get your act together and play by the rules.
Clearly someone who has taken $100k to close to $1M means NOTHING to you. HAHA. I forgot, you only manage a couple “THOUSAND” dollars. HAHA. Must be TOUGH.
I give guidance.
None of us knows everything. When we can glean from the knowledge and expertise of others it saves us countless mistakes. A mentor can guide you through the minefield so to speak. I breathe the stock market. I know what needs to be done because of what BIG BOYS/ILLUMINATI boys DO.
I will help you shorten the learning curve. When you team up with me you gain his experience and wisdom so you can learn and grow with less frustration and confusion. This helps you to get positive results faster. When you listen to the wisdom filled advice of ME or SAM you collapse time frames. And because you don’t have to go through as much trial and error you can hit your goals quicker.
R u on all your senses?
still in pain with my short positions but holding…………………….
4k short AMZN at $116.79
2500 short FSLR at $126.20
amzn sept 115 puts……
BTW zee just admited to being sam and aexalttrader………………….. woo and Idan you guys have to put an end to this BS ….. this site is slowly withering away …..
^ Woo has already done IP checks on us and he knows we are different people.
I don’t know if they’re all the same person or not. But I do agree that some of their antics detract a bit from the content when having to skip over some posts, or read them in case there’s a valid reply mixed in. As for IP checking, I’m not sure that’s a valid method unless the commenting software tracks all incoming IP addresses per user ID. I could go down the street to starbucks and grab a new IP and post. Or a public library, my home pc, my work pc, any wifi hotspot, etc etc etc…
exaltedangle09 and zee are the same IP
or you have technology to hide ip address.
a four year old can mask/change/hide ip’s.
that means nothing.
this whole thing is a big negative for this community.
i’m very surprised the admins here don’t do something to clean this up.
Well i know who is using multiple IPs… it’s not a big deal unless it actually is disturbint. I just warned zee to stick to one username.
zee do you mind sticking to one username on the board per day…
I am long some FSLR at 127.8, looking to sell it asap
also got long some BEXP at 17.75 this morning, they should report some new wells tonight
Borrowed from another Blog… to sam, zee, exalted, and yes, sam and zee have very similar writing styles…GLTA
Many of you today it appears have been criticizing others …… just take what others offer and keep it in the side mirror…… and keep your own comments to yourself. Nobody is always right/wrong…… some hide when wrong…some make bigger predictions….others just do the same thing…. Realize this … and understand this and just take it, just like you take everything with a grain of salt. Those who criticize those losing money are …… very low on my list of people I admire. Ultimately this blog was made to make people better traders and to share ideas…….. not to troll or to make fun of others.
Keep those ideas in mind
Anyone in NFLX short?
Most people can not accept Sam’s talking. But he is th one provide pretty accurate market and stock analysis.
you cannot be following the fool. He posts to go short then brags how he told you to go long. zees comments above are sickening. No reason for personal attacks. If you turned 100 k to 1 mm, you should be grateful and try to give back, not boastful and vile spewing.
Zee slipping into Sam. Sam only comes out on different PC, with another IP, or maybe another wireless connection. I may not see market too well at times, but this is obvious. Idans confirmation that the guy posts under two ids, and sometimes one id is praisinng the second is enough to see this guy is no good.
whats with the reversal – any news I missed? I justgave back $500 gains on my tza in 30 seconds. Auto sales maybe?
Hi everybody, does any one feel this market will go green before EOD or are we pretty much going to stay in the red?
according to Dsavil………………. this market will never go down again….. its a train to paradise………… and i’m sitting here holding some shorts and feeling like an asshole…. its just crazy……………..
i can also honestly say we are going higher.
i have never been more sure of a trade in my life.
i know this because a few weeks ago i did the OPPOSITE of my instincts. i bought, just as i was about to sell.
turns out i bought at the exact bottom.
ie.pot.to @88.85
i’ve learned that i am the perfect contrarian indicator.
so i started doing the exact opposite of what my instincts were telling me to do.
my instincts are still to short, and “we are going back down”, so i’m almost all long.
i do hold some vxx just to be safe, but i’m down about 15% on it…small position.
my instincts are screaming sell pot.to now and take the 16.30% profit…nope, i’m holding it.
i think i was inspired by that seinfeld episode where george starts doing the opposite, lol.
A corollary to a George Costanza market, such as we are in, is that market direction is also based on percentages. If you are 60% sure the market will go down, there is only a 60% probability the market will rise. You must be 100% certain the market will fall before there is a 100% probablity the market will go up. The best way to counter a GC market is to take advantage of the fact that we are also in a butterfly effect market. A BE market will never give you your trade. The market will stop just short of your bid or ask and reverse. You might wonder with the tens of thousands of traders why the maket singles you out, but in a BE market, it does. Put in both a buy and sell order and you can trap a BE market in a range.
THE MARKET WILL END GREEN. That’s right it is unstopable. I never said it will never go down but in this trend which is up it will continue this for another 4-6 days until there is any substantial correction. I’ve told you bad news is good good news is better look at the history. Be in denial if you must and keep playing short but in theis trend it is up. I look to see it go to the 1140-1150 range before any reversal. JMHO.
Some my Teck calls for a good gain. Holding on to the SU.TO calls as oil seems to be doing well and they had solid earnings last week.
How low can the dollar go, I thought we were at solid support here. Looks like they want to take it lower.
The EUR/USD is overbought on several oscillators but no significant divergences are apparent (yet). 1.35 maybe?
The dollar is one of the keys here. At the moment it is going down but shortly it will start to go back up and when that happens then you play short but NOT until this occurs. JMHO.
dsavil ….
I gotta give it to you…… you …. youuuuuuuuuuuuuuuuuu…. are great
Well thanks but I do not consider myself great. I just try and call it the way I see it for informational purposes only. Always do your DD and never chase any stock. Follow the trend my friend as the saying goes be you a bear or bull the name of the game here is trying to make money from a very volatile, crazy ,stingy market.
Not guaranteed that the USD needs to strengthen – prerequisite to the market falling. The FED seems to be backtracking towards quantitative easing … and this isn’t a $ strengthening event. It’s tricky, very tricky now.
True however at the moment the Fed has stopped printing money and as a result that should strengthen the dollar. There are no guarantees in anything but typically as in the last year or so a stronger dollar has made the market not as bullish thus retracing down. Keep in mind July and August are “typical” bear months but July 2010 was far from being a bear month. The market has gained roughly 7% here in the last few months. So you get several up days and a few down days but unquestionably the trend is still bullish. At the moment were are in a range and until it breaks either way stay long and in cash. Watch your indicators ie SPY, XLF, UUP and the almighty dollar to help in your analysis. JMHO
It’s amazing how this market is shrugging off the very bad macro data. It seems that Woo’s target of 1230′s is on (along the ascending wedge upper line).
If you notice it really isn’t amazing it’s the norm but for some reason people don’t see this and continure to play short and then wonder why they are losing their arses.
Hi, Idan
I am thinking AIG, it looks one more wave up over $40 in short term. Do you think some calls worth buy?
AIG definitely look like it might be ready to go up.. but make sure that today’s daily doesn’t engulf yesterday’s up action. And rememeber that your stop needs to be pretty close, because if it REALLY wants to rally, it should do it very very soon.
AIG current low is $39.16, yesterday open is at $39.10. Does it means now today’s daily doesn’t engulf yesterday’s up action?
Nah, i’m talking about the actual bars, where it closes is where it matters to me.
True and August is the time frame for AIG to ride up but after August she rides back down.
zee and exaltedangel09 are the same IP for those who want to know. sam is not the same ip
Yeah sure, and I am the Easter Pig. This market doesn’t seem to me likes its going to come out of its comatose state.
what a STRONG man I am in the world. i mentioned about 1128 on S&P more than one milliard times and you saw how STRONG price fell after we reach 1127.3 , WOW WOW
As you see my price level is VERY STRONG and EXACT. I did calculate that level last week and posted here several times.
Well I did scare and did not take the HUGE HUGE short as I said, but you see HOW STRONG big boys react to my level.
If you remember last week Monday before I market open I said about 111.5 on SPY and you see how market had 3 days difficulty to pass that level.
THIS IS HOW STRONG are my forecast.
I AM WATCHING BIG BOYS VERY CAREFULLY TO FIND OUT THEIR NEXT BIG ACTION
SWBB
actually i don’t know if zee and sam are the same or not. i just recall one of the admins telling me that they were different, but i could be wrong. maybe they really are the same.
ok, looks like idan confirmed it above. =P
like i said in the past, i don’t really care if they are the same or not. if they really are the same, that is just sad. if they are different, as long as they add support for their analysis, it’s ok. if they start deviating too much from analysis and get too much into the melodrama and attention grabbing, then we’ll pull them.
can you guys please implement some sort of ignore feature so those who dont want to read their BS antics can put them on ignore and lets make some money people….. thats what we are all here for not to hear about what he said or what she said……… and just for the record zee is for sam in paki language…..
i don’t know if this is possible or not…i guess we can look into it.
we are working on renewing the whole commentary, you just have to be patient another few weeks, you’ll see it will all change soon!
Woo, I really do not know who Zee is. I do not know how I can support my analysis the way you say. Let me know. I usually go with prior level. So for example 1130 is a very important prior level. Now I now big boys know every one want to go short at 1130 so they will short either a little earlier or latter and you see how correct I am. What is wrong if someone does not analysis the way you and other people do. I do not care about EW count some other analysis, I just look at important high and low in prices. That is it. And you see how STRONG I am correct most the time.
Anyway I am ready to prove you I am not ZEE with anyway you say. Just let me know how I can prove and I will do that
SWBB
actually sam, i think you have been doing a much better job with supporting what you say, which is why i am defending you, saying that although you do your comments in an “interesting” way, you have still listened to the admin requests of providing more details to your posts. as long as you keep your focus on stocks and give support, everything will be fine.
thanks
Woo, I am really disappointed in the way you handle this. Though Sam has provided more details/support to his posts, he hasn’t improved his ways to express his views. He is getting more annoyed than before. Many traders here have already reminded Sam to “tone down” his “talking”, he seems doesn’t care about it. If he can stop gloating, most of the traders here would appreciate his inputs. This board used to have 100+ comments per day, but now? Do you figure out why???
We’ll work on a way to ignore comments, but that might not be for a while.
Hopefully until then you can ignore the comments you don’t like mentally. We’ve had trolls before, and I don’t think Sam is a troll. If you guys have really serious complaints please email me at woo@focalequity.com and if we really do get a lot of complaints and it is getting out of hand, we’ll give out more warnings, and then deal with it more seriously.
I would hope that most of the people who post here, can post analysis that counters or supports what others post. If you think something is wrong, then post your reasons why. If you think it is good, post that you support it. Getting upset at somebody, whether they are right or wrong, or making money or faking it, isn’t going to help you as a trader. Take the emotions out of the trading, celebrate or be depressed after the trade is done. Hopefully one person annoying you won’t keep you from becoming a better trader and contributing to the others out there that are looking for quality just as much as you are. Whether it is work or at a movie theater you will encounter people that have different styles and different ways of doing things and expressing themselves. Ignore that which you don’t like. Pay closer attention to the things you place value in.
Thanks to everybody for their patience and continuing to support the site.
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=3&mn=0&dy=0&id=p20699988574&a=204018771
VIX tested the lower trend line again today, but didn’t break. Look again for a 200ma break on the VIX to help confirm further falling. If we break under that trend line, I’ll be leaning a lot more heavily towards SPY calls, and VIX puts.
AMZN broke north of the 50ma and the trend line and shot north…
http://stockcharts.com/h-sc/ui?s=AMZN&p=D&yr=2&mn=5&dy=0&id=p96835350693&a=181646175
Sitting right on the neckline of the IHS formation in my book (spanning from the beginning of July … obviously I am ignoring the 23rd of July strong bullish reversal day that I consider a lapse of reason) .. hope you are out of your puts, jusbreal.
yeah puts/shorts are a bit risky at this point.
covered the puts already at a lose( go figure) but still holding my shorts. I had a pretty big return on my last trade on AMZN so I can take some more risk( beating)but I wont let it go pass $126.79
Waiting for the break of Idan’s 5 minute SPY triangle one way or the other. Should happen very soon.
Well, that already broke down (proved to be a fakeout) and now the price is so far to the tip of the triangle that the formation seems invalid (or impotent).
Yeah, looks that way.
… unless, of course, you readjust the lower triangle trendline to intersect with the 1PM low … but even so, it’s kind of non-convincing, but the bias is still bullish IMO.
yup that’s true… you had to readjust.. that’s why i was a little skeptical of a breakdown compared to a breakout.
longer term we’re still sitting in an ascending channel. The bottom of the channel will be near 1100 at EOD though, which is a little scary if we don’t break north before EOD. We’ll need to crack above 1126-1127 to get back above that trend line.
The 6 month says we could head straight to high 1130s, but for all we know it could happen overnight. RSI needs to crack north a bit more to gain momentum for a decent rise.
Woo, by the ascending channel you mean the ascending wedge (spanning from the 1st of July) or something else?
Looks cleaner on a 15 min candle – still inside triangle
Woo / Idan,
what are your thoughts on the EUR/USD relationship? My base currency is EUR. I bought back EUR @ 1,20 and rode some of the July bull run mostly invested in Euro stocks. But now I am getting somewhat uncertain about the reversal (anticipated strengthening of the USD) and weary of reinvesting in the US markets. If you could find some time one of these days, I’d very appreciate your views. Thanks!
Very discouraged bear here, but nevertheless I’m feeling we close much lower today. I’m looking for 1114 on the SPX, and then 1070 by closing bell Friday. If we hit 1180 on the SPX I sell my short positions for a loss, but I just don’t think it will happen.
what do you guys think about EEE?
http://evergreenenergy.blogspot.com/ … follow the link into the land of horror! LOL
PS: I don’t know anything about the company, just googled the name and this came up. It looks like another suspicious pink sheet creature.
What do you think of FCX? Price of copper is very strong so should I buy here?
I would wait for the stock to go above (and consolidate) the 200SMA … that is hovering right above the current price.
Nice finish, somewhat. Looking for a big down day tomorrow. Long term head and shoulders still in play, plus bearish rising wedge. Looking for at least 1% down tomorrow.
Good luck to everybody!
I think Aug 6th is the turn date which happens to be the employment report..I think the rally thias market to 1130 -1140 before tankingit..JMO
Dave – what is your turn date based on ?
Joe – you mentioned Aug 6 as a imp day – your cycles have been pretty accurate – can you share what you are seeing next ?
davecash77,
Good point, and that could very well be. However I’m thinking that may be expected but many, in which case it will happen a day or 2 earlier to surprise most people. I’m hoping for a big drop tomorrow but fully expecting we see one by Thursday August 5th at latest. Bullish sentiment seems to have jumped 10 fold over the past couple weeks, just the atmosphere for a big reversal.
Aside from strongly believing this, I’m hoping for it very much as I’ve been getting squeezed to death for the past couple weeks, and its making it kind of hard to get happy lately
I hear ya !!! I tend to be a contriarian but anything could happen including a huge down day tomorrow.
No real economic news tomorrow let’s see how this plays out !!!!
For sure, and good luck to you, I hope you make money tomorrow whatever happens. Have a good night!
Hey thanks goingtoretireoneday and you as well..
The only position i have on right now is TBT so actually i am short the long bond,2.89% yield seems to be a good support level to about 3.25%..So i trade the range and so far it has worked out pretty well not hitting home runs but will settle for doubles and singles in this current market..
Sounds good to me.
I meant to say “Expected by many”
Based on some research I just did, I may take my losses and sell short positions of we hit 1150 on the SPX, whereas previously I mentioned 1180. Not sure, and hoping we don’t see either area. Hoping for 1098 by closing bell tomorrow
Notice how they have Tim Geithner speaking AFTER the market closes tomorrow? Sneaky bastids don’t want to chance him saying the wrong thing (which actually is part truth) like last time during the day to make the market slide. Got a feeling tomorrow is gonna be a red day at the moment.
Wow PCLN soared 20% in after hours hokey smokes. I never saw that coming.