2:48pm
DE 1 minute now has an inverse H&S intraday. It’s a great long trade.. wait for breakout of $75.50 to get in LONG.. or short here with a stop over it. But i rather get long on a break. This is ONLY an intraday trade.. i prefer shorting DE longeterm:
POLL OF THE DAY – Natural Gas
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1:19pm
CF is going to be my next big short due to it’s overboughtness. Alerts & Analytics shorted it a week ago and made a small profit but I think it will fall much further this time.
1:13pm
Visa is taking a dump today.. thank god i took half off at 79+… and now i’ll be looking to get back in at $75. With a stop right below.
1:10pm
BA hit ascending resistance, and with some downside pressure in the market, it might be worth a short if it breaks $70 support.. Here’s the daily:
12:39pm
Looking a lot like a reversal type day for a lot of stocks tat were doing well. VMW short is in the game here.. and I think this stock is getting ready to breakdown it’s H&S formation i mentioned earlier…. AMZN might be getting ready to be a short.. i’d wait for AMZN to break back down below the former ascending resistance.. use that current support as an entry point:
1:01am
I think you guys all know what i’m thinking when i look at VMW… and that stock has already doubled with no real consolidation from it’s low. Clearly: H&S, neckline at $71.. if you decide to short prematurely make sure you have a relatively strong resistance above so that you can put a stop, otherwise.. i’m hoping for a breakdown to enter short.
My guess this stock plummets soon unless the market hits new highs. We just hit the 20SMA… and i think taking a short tomorrow is what i might do on a DOJI or Reversal Candle Day.
I will be shorting the market on strength tomorrow and will continue to add into next week. I’m only a bull if we get above 1235, but I don’t see it happening. I think these levels pose a high probability of a pull back.
Getting your 114 print on Bidu right now Sam. I like shorting at 116-117 better than 114 but I’m just an amateur. What say you pro?
Idan I would short VMW at 82 with a stop at 85 but thats just me.
well i went in at 78… now my stop is already at 77.. hoping this is it!
you may be right, these high betas appear to be rolling over
Cashing out SFLY
Today I’m eyeing VistaPrint for after hour earnings.
Google Trends are good
http://www.google.com/trends?q=vistaprint
cashed out too soon on SFLY
Bought some VPRT @ 39.25 to hold for earnings.
STMP may be a good short for earnings.
STMP went up 27% in Q3, but Google Trends and Alexa just doesn’t justify it.
Arg. STMP beat estimates, tomorrow is going to hurt.
End of a good run.
I want everyone to know that I’m the dumbshit that bought Visa just before the close yesterday. Can’t seem to catch a break. Great earnings, huge buyout…….stock goes down! If it was AAPL, BIDU, AMZN, PCLN, GOOG or CRM……they would be up huge. Somebody just shoot me!
I am checking in too. Visa… WTH?
Sorry for the loss, but 2-3% is really not that bad. Earnings could swipe you 10% or give you 10% sometimes.
holding gs/fslr/v calls but just loaded up on vix…got 1-2 more up days and then TIMBER
I sure hope you are right, as I am in the vxx a little early…would also love to add to my qid, but the nas has been on fire..
vxx is a bad product. been saying it on here for months. Just like ung is a bad product. use vix options if you want to play vix. just my 2 cents
Yesterday the Naz was outperforming but today it’s underperforming the SPX so I see this as bearish for the markets overall.
Still holding my Q’s Dec 52 puts, should have added to it this morning but didn’t get a chance with work.
Hi Woo,
Do you think we have seen the highs for the short term, or do you still think we are headed to 1200 on S&P before rolling…
Just took some TZA with tight stop…
i still think we are headed a bit higher.
Thanks
still holding my PCLN…
New tagline…Got Short? I did at beginning of trading day.
silvers on the move dudes
AAPL is dumping bigtime maybe that is why the market is diving.
i think aapl has hit support. might have been the short term bottom for appl
http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=1&mn=0&dy=0&id=p89658414450&a=173009294
Huge Huge huge forecast
http://bigboysactionwallstreet.blogspot.com/
SWBB
Is that your blog sam?
Hi, SWBB
This is for which stock or ETF???
Sam what stock is that?
Sorry, It is FXI which is china market. China is crashing down
HUGE HUGE HUGE
SWB
How huge is it? What point is your short entry? When do you think it will sink huge?
Sam what up with FSLR? What are the charts saying now?
FLS is a great company and look like a good buy now at 100 to make some money in retracment.
HUge drop but retracment is highly possible
SWBB
I made tons of money off my huge huge great accurate calls yesterday on MOS. I bought at 70 yesterday as I said and sold fist thing in morning huge profit
SWBB
I think we will not see huge sell off since we are near electiona and also end of months, so may be this is a good time to but not sell
SWBB
MCP and REE getting hammered on China resuming exports
Yea. Not surprised. They have been running like crazy. I am not buying them yet. But I think they will be great holdings when there is a definitive shortage of rare metals.
In my view the market is strong and we are retracing a bit to test the 200 SMA on the weekly. In my view this sell off has been a pit stop to another push higher to the high 11000s. Now I have tried to profit from the downside (as predicted by me) but selected the wrong stocks: CRM & GMCR have been strong so far. I therefore have decided to close this positions for a loss of about US$600. I am keeping long AGM and only 500US$ worth of MJNA (for fun not a serious trade). Now on a serious note I am starting to look into what stocks to buy into next week:
On my list are:
MOT (Motorolla) this stock looks strong and cheap and I will buy some today
FTK is a chemical company that looks poised to move higher I will buy some today
CSLN (Biotech) looks interesting and I will buy some today.
I will also buy some insurance or Hedge by adding TZA to the portfolio. I will let this board know how I am positioned towards the end of the year. I am looking at maintaining about 30% cash for day trading opportunities
So speaking Cramer’s terms I am looking at having a diversified portfolio into next week that looks like this:
15% MOT Technology
10 % FTK Chemicals
10% CSLN Biotech
15% AGM Financial
<1%MJNA (for Fun)
10%TZA (Insurance)
%40 Cash (I might add 10% silver by buying SLV to reduce my cash to 30%)
loving the MJNA play.. i’m adding another 10K shares..
isn’t that a bearish looking descending triangle? I guess as long as 0.10 doesn’t break it’s still ok.
Wow BP just shot up to 41.20 out of a clear blue sky and now is back down to the 40.70 range! What’s up with that I wonder?? I know earnings are coming out on Nov 2. Maybe someone leaked something out? Hmmmmmmmmmm.
Then BP hit 21.35 and now back in 20.50 range.
Here’s why: Report came out that showed Haliburton failed to properly cement the Macondo well prior to blowout. HAL down huge following that release.
Yea I just saw that report. Like they are trying to blame Haliburton for a messed up cement job and that stock loses 10% and BP is up roughly 9%
This week, Mon/Tue and Wed were all reversal bars both to the up and down side. There is a big move coming up and I don’t think it will be to the upside. With that said we still may hit 1220 but I give it about a 30% chance because so many people are looking at the double top scenario. I guess tomorrow’s GDP numbers will tell if we move higher or not, I think not.
lol….i’m beginning to think the market is never coming down
Do you still hold QQQQ put?
Yes, I just bought more @ 1.45. These are Dec calls. The way I figure is tomorrow is not a POMO day so specially if we get bad GDP numbers we’ll see a nice downer. Specially the Q’s are looking very over bought. My average is
My average is 1.55 now.
Take DE short they had a recall http://myhealthnewsdaily.com/mowers-recalled-by-john-deere-0640/
ICE looking good for a move up. Earnings on Monday…news flow has been very positive over the past few months. Wouldn’t be surprised to see it in the mid $120′s soon.
Now BAC at days low and falling.
AND YET HERE COMES “ANOTHER MIRACULOUS” COMEBACK la de da da. EOD green.
Cool. VIX green index green, red tomorrow plus no POMO.
Nice decending triangle on ACI (15 min bars). Some pre-earnings distribution?
Good call on FSLR Sam, “will explode to the upside after earnings”. Glad I didn’t listen, but I am sure you may spin it as a buying opportunity–who knows!
Outlook for rest of year:
1. Conservatives control House, not Senate
2. Bernanke backs off of QE 2
3. Obama allows tax cuts to continue for indefinite period
Synopsis, we get a correction, then hit highs, then, who knows!
agree with everything except, I think obama retains the tax expiration for the top 1%…and on the fence about Bernanke…he’s either all in with a huge amount or backs off and it was all for show to get through to the election without a tanking market