4:11pm
Tze
Market couldn’t be more boring today. All the key leveraged ETFs we monitor dropped in volume by 30 to 90 percent compare to their 30-day average volume. Commodity stocks rallied though. Names such as CF (one of our shorts) and JRCC (one of our longs) rallied to 2 to 4 percent over today’s trading session.
We hope you have a good weekend. To start it off, read this interesting article from EWI relating to Fed’s manipulation of the market.
The Fed and “Plunge Protection Team”: Are They Manipulating Stocks?
1:35pm
I’m waiting for AMZN to break 161.50 or so.. but i think it’ll be my next big short candidate if it breaks down the ascending line that use to be resistance, now support.
12:19pm
Still looking forward to a short opportunity on GE if it breaks down that $16 level on it’s H&S on the 4 hourly. You can see HOW STRONG that $16 level is.. and i’m guessing as soon as it breaks we’ll get a very nice push lower:
12:16pm
Visa didn’t quite hit the $75 back test of it’s breakout.. but it was close enough for a buy.. now trading up 3 points higher! I love this stock longerterm.
12:13pm
Buying in to some more MJNA about 9200 shares… looking forward to some movement november 2nd – prop 19.
11:27am
GS 1 minute showing a potential H&S formation with a necklin at 162… this could be an intraday play for today:
POLL OF THE DAY – VOTE BEFORE 8:30am
Where will GDP Q3 Come in Tomorrow? Total Voters: 34
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FSLR crashed down after earning, but I see this as opportunity to go long. Look at my chart. Support yellow has to be held, then I go long to target 200.
http://3.bp.blogspot.com/_zXv3P4egxe0/TMouYQx5AAI/AAAAAAAAAfo/ML6UGXYJjW8/s1600/FSLR2.png
SWBB
I do not think we crash today. today is end of month and big boys will push to print a bullish candle. that is my guess, but i have no idea about GSP number.
do you know what big boys will do in november , cause if there’s a new guy on the blok , new guy might want big boys to push market higher, any thoughts on that ?
FLS has still some room to go down, maybe 90 then huge rally
SWBB
I booked my huge profit on MOS yesterday. Stock reverse huge, but I think there is one more push to upside before crash down, so I am looking to see where ths baby gives me signal to go long again. I told you very accurate forecast 2 days ago.
SWBB
silver still movin up , bulls must chase it now if they want in
I will wait for signs of a reversel and then take a full position in ZSL…
silvers holding up dude , bulls will be casin to 25 soon and then 26 247 28 29 30, then 50
are you long silver ? its movin up , bears silver bears will die
Hi Woo,
Cashed out my PCLN for a decent profit…
Now that your 380 target is reached, where do you see it going…
Thanks,
UNG continues to climb.. wow… even though it’lll need to be above 6++ for me to even see a possible inverse H&S formation so it’s risky to take any long here.. but if you’re a believer that NG got hit too hard… maybe this is your chance.
Ok here is the TV playing one of his last cards. The fooker is so dam desperate it is not even funny.
TV as in “TV president”
INT….breakout at $28…….target $33.
silver on the move tradin dudes !
Are you a fan of SOHAF (per Prince, ie Jhimbo)? If so, correction to 1.15, or none?
don’t know what yr talking about dude .im from da uk , don’t know any of you dudes
Thanks dude….check into MJNA, great stock.
Based on my always correct forecats I bought huge in every dip and sold with huge profit in any short rally this morning. Told you no crash for today. Huge profit based on my accurate posts
FSLR………HUGE, HUGE, HUGE, HUGE, HUGE!
I did not say to buy into earning, but this is the correction i wanted. Now is the buy point IMO in to Dec
sam says:
October 27, 2010 at 8:39 am (Edit)
I told more tha 1000 times FSLR has to explode to upside. I guess it may does than after earnings.
SWBB
Reply
Yes, but you made comment about explosion after earnings. Great spin, as I expected, but you really don’t know what you are talking about. Easy to buy now to fill gap–do you still think this goes to $90 (per previous post)?
lol.. fail.
Idan, what is your target price to short CF?
I’m still waiting on CF myself.. i’ll let you know when i decide to short it.. but my targets are always 10-15% on swing trades but with my stop loss they almost never reach 10-15%… maybe 7-8% at best.
Idan, CF resistent seems 131. I entered today I gusess a little too early.
There is a 1min H&S formation.. i think shorting here is a good entry point too. Make sure you have a stop above the neckline.
Idan, thanks for chart and advice.
Today’s volume for CF is a little more than 3M everage. Tomorrow probaly moves higher.
Hopefully there is a gas filling and move down side.
The best opportunity in the world is on Monday if we gap up huge like last week. Then I am going to load a huge shorts right at Nasaq douple top. Nasdaq will be at its April high if we hopfully gap up on Monday the I expect a huge sell off off the nasdaq high to start, but since we will have election and FOMC i think we will rebound and then end of week we will see off again. Ok lets hope for huge gap up on monday following huge sell off
have agood weekend
SWBB
Thanks for a reasonable post!!!!!!!!!!!
Given today’s volatility, I am not sure if we are going to see much next week. I am leaning towards a bearish scenario but caution is priority.
TZA….HUGE, HUGE, HUGE………bought 1 share. Seriously, am tightening up my stops, still feel Fed will back off of QE2, but tax cuts coming in to play (see article, CNBS). I posted last night about my prediction for rest of year–interesting this article did same, need to be a little bit more contrarian. Election may become non-event, except volatilty (good for day traders). Will add shorts to any upside after fact. Reserve right to stick with Big Boys!
Dear Blackhawk,
Your mockery of Sam is getting a bit too much. Please respect each other. Otherwise, I will need to step in and delete some of these comments. Thank you for your understanding.