Intraday Commentary ~ 12/28/2010

By

FocalEquity

– December 28, 2010Posted in: Intraday Commentary, Stock and ETF Models

10:04am
Got stopped out of the GOOG trade.. will look to re-enter next to 600 with the stop at 597.. 

9:36am
I moved my stop on GOOG to 600.80 (guarantying some type of gain).. and will move it if we break over 604 today.  

6:47am
Euro- Dollar managed to regain back above the 20 SMA daily.. i don’t really see any worthwhile trades in this currency yet. I want to see it break down the 1.30 level before i think about shorting at this point in time. Or maybe we’ll get a higher shorting opportunity later on.

Futures seem to be pointing higher. For those who saw livetrading yesterday, you know i went long at $600.2 with a stop at 597. Well i’ll be moving the stop up if we open above 603 today.

A really interesting book (if you need some new year’s reading): http://www.fourhourworkweek.com/

About FocalEquity

Sun Tze is one of the founders of FocalEquity.com. After going through multiple transitions, Tze, Charlie Cheng and their new team are bringing new changes and features to the new FocalEquity.com in 2011. Tze is specialized in financial modeling and has a masters degree in Finance.

8 Comments

1. Robert_Tax_CPA

   Posted December 28, 2010 at 11:07 AM

   Going to sell my last long, 400 shares ATPG today for a small gain (1.2% @ the moment) and will likely just stay in cash for a day or so and watch.

   • Idan

     Posted December 28, 2010 at 11:12 AM

     sounds good. yeah i don’t want to play too hard here… i do expect some pull backs in jan.

2. woo

   Posted December 28, 2010 at 12:50 PM

   i stopped out of AMZN last week for a very small profit. about 1%.

   my SLV calls are doing really well today. they were down last week on decay, but doing nicely today.
   SLV jan calls
   bot @ .7
   current @ .92-.94

   This break out on SLV is good. I think there should be a strong leg up into new highs on silver, and then from there, we may see a fairly strong major retrace. there is a chance i may let go of my position today, and then reload calls on any dip.

   • woo

     Posted December 28, 2010 at 12:54 PM

     There is a good amount of resistance on SLV in this area. I’m going to let it go. If we get a break north of 29.60s area we’ll be seeing a huge rise to come. However, short term there are at least 3 resistances joined here.

     bot @ .7
     sold @ .93

     currently sitting all in cash.

     • chicagochris

       Posted December 28, 2010 at 4:34 PM

       wow 6 comments today…lol…must set a record low on comments….woo you looking for 32 on slv as the next target if 30 breaks?

       • woo

         Posted December 28, 2010 at 4:36 PM

         we’ll probably hit new highs if we break the current area.

3. kenjisan

   Posted December 28, 2010 at 2:01 PM

   Taking some profits on TMV here, but planning to buy in for more on any drop.

4. Shiva

   Posted December 28, 2010 at 9:51 PM

   I am not seeing a roll-over on SPY yet. It is probably going to spike 20-30 points before starting the retracement.
   Fits well with the end of the year rally.

   http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=9&dy=0&id=p61846340294&a=172294384

Comments Closed

Comments are closed. You will not be able to post a comment in this post.