12:26pm
Get ready on a 5 minute breakout of the SPY… any push above the descending red resistance should be viewed as a buying opportunity.. with a stop underneath:
11:11am
Enjoy that bounce from CSCO…. let’s hope it gets more traction.
11:08am
Eur-USD now finally bouncing back, on the daily it looks like a bottoming candle.. turns out we were right on covering in the 1.3350s, this bounce should be shorted as long as we don’t push above 1.38 again.
1:33am
Whether or not you can see it on the 4 hourly chart is up for grabs, but the $117.90-$118 level is the support the bears will have to break tomorrow for me to become more bearish about the market. With the futures up slightly, it’s still hard to tell if the market will go up or down. I rather be a bull here until $118 is broken…
Ok unlike the last several trading days we now have futures up. I look to see it rally big before the holiday and get back what we lost the last few days. If any of the news coming out tomorrow is good watch it rock! GLTY and Happy Thanksgiving to all.
Look for a dead cat bounce and a move down to 1150-56
yeahhhh
Uh, no.
Does market open tomorrow. I won’t trade but just wanted to know
SWBB
A trading genius would know the answer to this question. Actually, I think my daughter knows the answer to this question. She is 9.
most blogs that i know and almost all of them loast tons of money yesterday with gap dowm and they are shamefull to say anything about this. I was the only one in the world who predicted the yesterday gap down well befoew thta happened at Monday morning
SWBB
Althouh woo and i had a discussion about moving toward 1140-1150, but i have to watch big boys and see how they willdeal with 50MA. That will be a telling for me to read what big boys want to do. Strongly break 50MA or bounce and rally.
SWBB
It is not going to encounter the 50 SMA on the daily (at 1173.30 at the close yesterday) at any point this week.
Sam, what is your forecast for today’s move. I bought some ERX yestersay at 43.59.
He was calling for a move to the 1150 area going into next week (which will not happen).
Hey lab_rat, thanks for posting that ERX trade yesterday. I trade ERX a good bit but I didn’t have it on my radar yesterday for some reason.
Not a problem my friend. Great sites like this allow the transfer of information that benefits everyone.
Yep, this site used to have a number of people with strong track records posting trades in real time. It would be cool to get back to that kind of thing.
V
Bouncing off of support that Idan mentioned a couple days ago. Long with a stop at 74.20
loving it. keep shoving the stop up with the trade.
OK folks FTK has been pretty amazing. Now at 4.00 bucks I will sell it. Do not get me wrong I think this stock will go much higher perhaps to 6 or even 10. However I think is due for a pull back and I like selling at this price. So I am getting rid of my 6000 shares
With the proceeds from FTK I am looking into deeping my toes into CROX. This stock has had a significant move from the lows and is now trading above its weekly 200 SMA. Its chart looks just beautiful and I think it will soar going into december. I am buying 1000 shares at 17.46
Hey Everyone!!
Quick question for a noob. Are markets closing regular time today?
Yes and they closed tomorrow and open half a day on Friday.
Thanks Dsavill
Happy Thanksgiving!!
Hi everyone, New to Focal Equity, old Stock Tocker. I will be contributing very soon, just getting back in the game. Hope all is well with you Idan.
DanKow
tis… welcome
Never stopped reading, and following. Now in Poland.
Positions:
500 BAC @ 11.21
800 BRCD @ 5.24
1200 UNG @ 5.56
3000 QTM @ 2.96
Early Analysis:
Trend is still bullish I see 1285 to 1300 by end of the year.
DanKow
With my recent sell of FTK. I will buy some more if we get a pull back
300 BRO 22.6 22.87 1.2% 81
500 AMLN 13.37 13.04 -2.5% -165
500 CENX 14.49 14.32 -1.2% -85
2000 GMXR 5.08 4.58 -9.8% -1000
1400 MOT 8.02 7.97 -0.6% -70
6000 FTK 1.72 3.99 132.0% 13620 (Sold)
1000 CROX 17.46 17.52 0.3% 60
5000 MJNA 0.1 0.07 -30.0% -150
Profit 12291
My cash position is now about 55%
very nice, I rebought 1000 ftk yesterday @ close, it’s up another 9% this AM. very long here but with individual equities and one juiced ETF (TNA), LIZ, CIEN. I was going to add CCJ (moving now) buit I will sit on hands, prefer to hold cash due to T+3 BS.
Have a nice thanks giving
`Bank error in my favour` there was a glitch and they duplicated orders at my broker which mean I doubled down without wanting to so up another 20% today.
I`m all cash now and waiting for 1200+ on the SPX to go short. Friday may be a better day to short this thing as everybody is buying the dips. I still expect 1150 if not 1130 to be hit in the next couple of weeks.
AMZN is through the roof probably will hit at least $180.
Considering a small long in CCJ – uranium play
not going to buy this, annoyed at self for selling IMAX too early, it’s been on a tear too, up 45% since I sold (a couple of weeks ago I believe).
No complaints here though, unless the market does hiccup for real down.
correction, IMAX up 41% since I sold
Robert,
Take a look at CROX. Its chart looks amazing and I have been to their stores and they are packed lately. I think this stock can hit 25 and even 30 soon. Of course do your own home work (I sound like Cramer) and make your own decision. I own it as indicated above
Thanks JROD.
The strongest forecaster in the world predicted yesterday afternoon that “a short small life rally is possible, but not to 120″ when asked what the market would do going into the Thanksgiving holiday. We just hit 120.04 on the SPY. We do have the 20 SMA (on the daily) around 120.15 so it will be interesting to see if we can break above that area.
Suggested entry into UCO yesterday @ 9.90 (I bought 1500 shares). It’s at 10.40 now (up about 5% from 9.90) and I’ll probably start selling some shares soon to be safe.
Nice!
How`s your options trading going Morris?
Well, there has definitely been a learning curve but I’m getting a better feel for it now. It’s definitely an art! I tried to do too much with it at first and I learned some lessons the hard way so now I’m keeping things simple (just trading SPY options now). My primary focus is still trading ETFs (mainly the SSO/SDS, QLD/QID, ERX/ERY, and UCO/SCO pairs).
I did post an options trade here yesterday (SPY December 120 calls @ 1.41). They are up over 30% right now.
Happy holidays to you and yours!
Great stuff! I find using a few ETFs or stocks to trade options is better than choosing a different one each time you trade. You get to know that particular ETF or stock movement much better. In a way you end up specializing in trading those vehicle. Nice call on the SPY call too.
Happy holidays to you too and nice to have you back here.
I completely agree that it is much better for traders to focus on just a few trading vehicles so they can get a better feel for how they move. I’ve done that with oil (using the UCO/SCO pair) over the past few years and my success rate with those is much higher than it is with anything else.
Woo
Are you still looking for 1150? I really expected the dollar to be up today (NOT DOWN) with Eurpoe debt problems. You have to wonder how low it would be with no problems in Europe.
I just dumped my FAS @ 21.78 from $21.50 it could of went higher but i have a half day at work and my son is here i am going to play with him..Have a great holiday everyone i still will be on just not all day..
Happy Holiday to you and everyone else!
For those trying to catch CCJ I have a cheaper stock that could outperform CCJ. That is stock is URRE. I would buy URRE rather than CCJ. Urre could go to 4 now trading at 2.90 however I expect 4 to be a tough nut to crack. If indeed cracks 4 then this stock will soar to new highs around 7 or 8. Be watchful since I am monitoring it for a while and been undecided to buy
sold 1500 UCO @ 10.40 (up 5.05% from my posted entry at 9.90 yesterday); +$750.00
got out early (as always)
over 10.60 now, what a move!
JROD, can you post your latest market analysis. Always enjoy your thoughts!
sold 200 ERX @ 46.20 (up 5.72% from my posted entry at 43.70 yesterday); +$500.00
still holding the 800 shares of SSO and the SPY December 120 calls that I bought yesterday
Idan, your thoughts on UNG?
Loving the breakout today.. i did say it was worth a buy a few weeks ago.. i stand by that.. i’d like it to hold the 6.10 level today… we have an inverse H&S formation on it right around 6.10.
sold 800 SSO @ 43.43 which is up 3.04% from my average of 42.15 (buys of 400 shares each at 42.06 and 42.24 posted here yesterday); +$1024.00
Of the entries that I posted here yesterday, I just have the SPY December 120 calls that I bought at 1.41 left at this point and I’ll probably close them on Friday.
Idan, I like your previous way to give TA and amrket analysis in your commentary which add more value to this site.
which way do you mean, you mean the live video ?
Show the SP chart, with TA analysis, and explanation and forecasts short term, middle term and longer term market moving.
I followed your videos for while. That is helpful as well. Do you still do video demo?
sold 10 SPY December 120 calls @ 1.91 (up 35.46% from my posted entry at 1.41 yesterday); +$500.00
no positions left from yesterday
Here is a summary of the trades I posted for you yesterday and today (all in real time). I hope it helped someone. Happy Holidays!
11/23 – bought 100 QLD @ 75.20
11/23 – bought 100 QLD @ 74.70
11/23 – bought 100 QLD @ 74.20
11/23 – sold 300 QLD @ 73.70 (-1.34%, -$300.00)
11/23 – bought 1000 UCO @ 9.90
11/23 – bought 500 UCO @ 9.90
11/24 – sold 1500 UCO @ 10.40 (+5.05%,+$750.00)
11/23 – bought 200 ERX @ 43.70
11/24 – sold 200 ERX @ 46.20 (+5.72%, +$500.00)
11/23 – bought 400 SSO @ 42.06
11/23 – bought 400 SSO @ 42.24
11/24 – sold 800 SSO @ 43.43 (+3.04%, +$1024.00)
11/23 – bought 10 SPY December 120 calls @ 1.41
11/24 – sold 10 SPY December 120 calls @ 1.91 (+35.46%, +$500.00)
Total profit of $2474.00 (not counting commissions)
nice work morris
Bought some ACI Jan 29 puts. I see max move by Friday to $31 in which case I`d buy more of it.
Ok, I’m going to take on a risky trade here with SCO @ 12.14 (1000 shares). I’ll probably dump it if it gets down to 12.00 today.
SPY is trying to get through the 20 SMA (on the daily) around the 120.2 area. Maybe it will gap up over it on Friday morning.
i hope not for a gap up on friday
just shortet at 1197,2 for trip down to 1187,5
If not Friday next week should be down.
Ok, I’m going to take on another risky trade here with SDS @ 26.50 (400 shares).
Does anyone know if Friday is a POMO day. Strong dollar should be putting down pressure on this mkt.
It wasn`t POMO today and neither is Friday. Next POMO day is Monday Nov/29 and everyday from there on until SPX hits 5000
Happy thxgiving everyone!!
happy thanksgiving to you and your family..
thank you for the unbias info on the site..