12:20pm
Bidu 1 minute shows bull flag… if we breakout.. we can see another rally, if we fall under 106.90 we can see a great shorting opportunity:
9:43am
BIDU is shooting up about 5-6% today. Yes it is a short target, due to it’s overboughtness but it’s not time to short just yet. Rememeber, i rather short on signs of weakness and not signs of strength. BIDU also had 10-15 trading days of triangle consolidation, the fact that it broke out today leads me to believe that we might have a few days of aggregate upside. I’ll only short if we can get intraday reversals in the name. Sam says he went short BIDU at 108… please update us when you exit your trade.
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Governments and Central Banks Are Bringing On Second Round of Economic Crisis
http://www.video.me/ViewVideo.aspx?vid=107868
French People Are Protesting
http://www.video.me/ViewVideo.aspx?vid=105545
Is The Euro About To Tank Just Like It Did In 1998, Except At 2.5x Speed?
Read more: http://www.businessinsider.com/is-the-euro-about-to-tank-just-like-it-did-in-1998-except-at-25x-speed-2010-10#ixzz134vlNRiM
Here is a free 8×10 collage print for investors today
http://www.spoofee.com/index.php?section=deal&did=697937
Good Morning. I bought 10K of TNA for 51.50 right after market closed yesterday going to sell for 52.25 probably in premarket
anybody else noticing the overwhelming optimism and bullish sentiment on cnbc this morning…fund manager after fund manager going on and on about all time highs and “tepper rally” and not to fight the fed….hmmm
The news will just confuse you. I feel the market will take out the April 2010 high and then correct. until then, the trend is still up with higher lows and higher highs regardless of who says what. Only trade by the facts not the opinions. Remember the Trend is Your Friend………..Or your worse enemy if you go against it!
Just sold the rest of my TNA at 52.25 premarket………..all done for the day….I am going back to bed.
Be Safe
Brad
CNBC is always bullish.. let’s see what people on the blog say.. i’ll get a poll out.
no…i get that…but unfortunately, news is moving the market..so i think you have to pay attention to it, but listen with a discerning ear…and as i agree, cnbc tends to be on the bullish side, they were really bullish…like tepper bullish,and let’s face it, tepper’s interview, I believe was the catalyst to hit this market in overdrive and crush the vix
AMZN is falling but this is just fake. I guess next week again big boys will push up to make a double top and then that is where I am going to load my short around 166
I told you ISRG has to come down. I still would likt to see lower price to jump in.
FSLR as I always said should expllode to upside. Next week is earning and I think this should rally very hard after earning. The only problem is that we do not know the earning. may be the safe trade is to wait and see the earning. but i would be looking to explotion to the upside
market as I tell you more than 100000 times is buy. every times SPY deep I buy calls SPY and Sell puts and booked on a nice retracemnet. I have done this 100 times lastly and I know one day this will not work but 1 loss verses 10000 win is ok
big boys are long and they just push push push up. Ok no problem.. I am with you make money upside
when The sell signal comes tha will be very strong downside.
big boys go up ,down, sideway or no where but I make money everywhere. Huge profit
SWBB
again sam, you keep saying these things the morning of…not too long ago, you said you were shorting the Q’s at 50
A day after Qs reach my strong target at 50 I posted a chart and said NO CRASH. I am very strong strong on predicting and forecasting short term based on what I see from big boys. Big boys always change thier mind so I do as well. For example I think stock market will go back to a bear market in a couple month, but it does not mean I am short. I will g long and may be even down pass 100000000. No problem I am smart enough to keep going tthe way big boys going, and when market reverse I am the firdst one who become bear and make money downside.
SWBB
yesterday and today i told that AMZN falling is fake. I just saw a huge rally in premarket and looks like stock will go toward 166. If it dows today then i will not go short. I will wait for next week beacuse i see price will go to 170~180 next week and then i will go short
SWBB
Ya 176 is my entry on the short side. Thoughts on Bidu Sam?
I am nutural on BIDU.
One of my firend who is very strong trader (not better than me though) just went short on e mini s&p future. He beives we are at top and should fall hard, but I am in opposite. I think we big boys continue pushing up next week. Lets see which one of us are correct.
SWBB
I TOLD YOU SO.
Huge profits booked with big boys again this morning.
Strong trades from me yesterday always correct. No other person could give such strong trades.
Market will move up and down today.
See. Another strong prediction for you to follow.
AMZN will go up and I short at some point it must come down. This is 100% true powerful call after talking with big boys and friend.
Made powerful calls at McDonalds yesterday with big boys.
Big burger party with big boy.
SWBB
I changed my mind on BIDU. Just went short BIDU at 108
do not say i did not say
SWBB
Here comes the POMO money.
Im tired of fighting POMO even though the euro looks like its topped and dollar bottomed, POMO trumps everything. I sold my long VXX and went Short yesterday at EOD.
I hear you, that’s what caused me to go long yesterday too.
I guess POMO went short….hehehehe.
BAC looking like it may want to run a little,it put in a bottoming tail on some high volume on Wednesday i will look to get in around $11.50..
as i told you more than i milion times market is still strong. Big boys do not sell.
AMZN went up as I told you last night and this morniong that if price drop it is a fake. So now a very beautiful short opportunity is coming on AMZN.
I think we ar at to and price may fall hard next week
SWBB
Sam i agree market does look strong but i really do not see any major sell off next week before the elections which is about 10 days away.What are your thoughts about that ??
agree. But when we top out we will not fall hard , we start falling slowly and then once we big boys destroy some major support then we will fall very hard. So for example we may top at s and p 1095 then slowly start falling toward 1080 by election. once we pass the election then we accerate the selling toward 1150 , then once 1150 is broken then there wil be a free fall.
But as a trade we do not care if this is happening or no, we just follow big boys. right now big boys are long, so I am goign long in a ny majopr drop
AMZN is very pricy and may strat falling sooner than market next week. I do not see it goes much higher, it may stay at this llevel for a while and once big boys took a sizable short then they start selling
SWBB
It feels like the market is going to explode to the up side soon.
BMO Capital Markets:
Major U.S. averages closed in positive territory on Thursday, but there is no
question that yesterday’s action was negative. For starters, stocks opened
solidly higher, only to give it all back throughout the middle of the day. In
fact, halfway through the day it was looking like a major reversal was in the
works. The S&P/TSX Composite was hit particularly hard, mostly due to
weakness in commodities. This resulted in the TSX selling off 100 points
from its intraday high. While the major U.S. indexes actually closed in
positive territory, breadth data told a different story altogether. On the NYSE
there were actually more declining stocks than advancing stocks, and there
was more volume in the decliners than in the advancers. This sort of
deterioration underneath the surface is distributive in nature, and suggests
there is a shift in power underway right now from the buyers to the sellers.
We continue recommend that traders continue to tighten trading stops, and
use strength as an opportunity to take money off the table, particularly
stocks with outsized gains since late August. Longer-term investors with
cash available should hold off and expect a better opportunity to accumulate
stocks at more favourable prices at some point in the weeks ahead.
I thought yesterday action was more bullish than bearish by days end..
VXX is down 3.8% on the day with the Dow beeing flat. This thing is really broken – wish I would have shorted it at 24 instead of 13.50
The dollar strengthening, weak day for a POMO day. I’m looking at selling the Q’s calls I bought yesterday and maybe go short or just sit in cash until Monday.
Gold is a good short oportunity,next 2 weeks should be brutal for the metal,allready down $50 this week.Did not rally much whendollar rallied 1.2% Wed.canary
I’m seeing something on GLD that makes me think there are too many shorts on it. Although it can still go down, I don’t like the current entry point.
Hi, Idan or Woo
I am looking LVS, it seems it had 5 wave up and ABC correction, and need a pull back to $34 range. Any thoughts?
THanks
Akira
BREAKING
Fitch may downgrade Bank of America ratings
Don’t ya think they are a little late to the party
Sold QQQQ calls for 12% gain from yesterday. Will sit and wait may go short or just sit in cash, Monday is no POMO day, but with the currency conference in South Korea I don’t know if I want to be long this market.
i was not at my desk, just came back and saw BIDU is still at 108. You see how stroing I select reistence. Now I think Monday will be bullish for BIDu. Usually IBD put it in first line of thier list and people start buyinf on Monday, but aftewr Monday I expecta reversal on BIDU. So I just covered my break even. Will go short Thusday or Monday eveming again
SWBB
some one ask me why i did not bouy AMZN. (I do not the answer though) .I told you 100 times price will rally.
I guess for now I am going to cancel my plan for next week shorting AMZN. I think price is very strong and big boys boys may have plan to push it to $200 then crash it to $100. So no short is for AMZN for next week.
Big boys is still long, so I hold a few SPY calls for a rally on Monday to drop them at 119.5. If price falls first then I wil load more SPY call as I see big boys still want to push up.
There is a meeting i guess this weekend that could be bearish for dollar, it it does then I expect a gap up towatd 119.5 on Monday then sell off toward 118
PCLN is targeting $400 IMO
AMZN will go higher.
BIDU will open higher monday the sell off wil start on Tuesday
Stick with boys always except weekend.
i like it