Loading ...10:03am
SPY in my book will be bullish for that day if we can see it rally past that 125.30 and hold those levels for more than a few minutes.
9:55am
Despite being hardly hit VISA (V)… is now testing that $70 resistance (use to be such a strong support level). You can either short it now, with a stop above, or even better.. wait for a break above $70 and go long with the hopes of it hitting potentially as high as $75.
9:48am
Took profit on AMZN today around the $181.40 level… just letting you know. Went short at 183.57 a few days ago.
9:42am
GOOG goes back down to $600 for the restrace of the important prior resistance now support. I bought some at $600.20 and are putting a stop at $597, depending on how long term you want to play, you might want to put the stop at $589 (support). Here’s the hourly:
8:42am
Rimm is still on that backtest line i mentioned last week, (rememeber you can short it if it breaks down or buy it right now with a stop below). How are you playing RIMM? The truth is, no matter how you’re playing it, playing RIMM increases your chances of making money due to the fact that the stops are so tight and the potential for profit is huge.
EUR/USD has been testing the 200 SMA daily for the past 3 days, this low base is usually a sign that we do in fact go lower soon enough. The fact that the bulls are UNABLE to push the euro up off the 200 SMA is a bearish sign. It is a false conception to think the opposite way (i.e. the bears are not strong so they didn’t break the 200 SMA). A low base generally means more weakness. I would shift my view and expect a rally if we do in fact bounce above the 20 SMA in this case.
Check out the news on http://www.spoofee.com
Current Positions
Long TMV
Long CSCO
Long CHA
Short EWY
Short AMZN
Short WM – need to get rid of
Looking into
- Buying some TBT (around 38.13)since bond default fears are being echoed around
- If ANW drops back down to $10.25, I want to go long again and again at $10.00 with stops under $10.
- Buying some AAPL to ride up the window dressing rally.. maybe
Got rid of AMZN shorts today since Idan did
Thanks for the profit Idan.
Got rid of WM shorts
I’m on live throughout the day today… mostly in the morning.
Hi, Idan
Merry Christmas.
I loaded some MGM puts before Xmas, it decay 2cents now.
FAZ is so attactive, Will there be one more down? Any thoughts, idan?
Thanks
as of right now.. there isn’t any sell signal out there. and i’m not sure FAZ is a good enough buy the last week of the year.. i’d look into some more weakness out of the market in early-mid jan.
“usually” market falls at the beginning of the year, so I’m planning to buy some FAZ around Jan 5th or a little later.
right. exactly.
AIG is on a tear!! They secured independent financing and this is why all the financials are going up today.
Remember my pick ZLC? Up 30% since I gave it to this board (3.32). I am sellling today at 4.35 for an incredible profit. This has been one of my best years so far and I am ending strong. My portfolio is now 40% short with SCO and TZA. 60 % cash. I do not have more longs. I am expecting a pull back into January. VXX is predicting that