Intraday Commentary ~ 12/30/2010

By

FocalEquity

– December 30, 2010Posted in: Intraday Commentary, Stock and ETF Models

7:55am
Still holding on to my GOOG with a stop at 597 (less than 0.5% away from my entry). I am looking to push it higher, but i want to see GOOG up in the 603 area again.

The SPY yesterday did have some type of reversal action, so i’m worried holding anything long into today… if you look at the Daily you’ll see a nice little topping candle. Here’s the 5 minutes below showing the strong selloff in the last 20 minutes into today… that’s the type of action I want to start thinking about shorting:

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.

10 Comments

1. kenjisan

   Posted December 30, 2010 at 1:20 AM

   Go to http://www.spoofee.com for the latest stock picks.

   For some reason there’s a huge PUT position on EWW.
   Someone knows something? I took some EWW shorts

   Currently
   - Long TMV (buying on every drop, selling on every rise, so far working great.. knock on wood)
   - Long CSCO
   - Long CHA (might add to this)
   - Short EWW
   - Short EWY

   Today’s scheduled news
   - 8:30am – Jobless Claims
   - 10:00am – Pending Home Sales Index
   - 10:30am – EIA Natural Gas Report
   - 11:00am – EIA Petroleum Sales Report

   • kenjisan

     Posted December 30, 2010 at 4:35 PM

     My longs triggered for EBAY at $28.05. Ugh.. not feeling so good about it, but we’ll see how that rides.

     • kenjisan

       Posted December 30, 2010 at 4:36 PM

       Also stopped out on EWY. South Korea doing well I see.

2. kenjisan

   Posted December 30, 2010 at 6:40 AM

   on 12/29. sam stated that SPY will not go over 127.38 and that we will have a crash soon.

3. Robert_Tax_CPA

   Posted December 30, 2010 at 11:06 AM

   Only long is GMO, again I cannot get this one correct. Down 4% today, I’m down 3% in position

   Likely will hold some (only 1500 shrs long) but may lighten up.

   Just watching at the moment.

   Happy / Safe New Years to All.

4. sam

   Posted December 30, 2010 at 12:00 PM

   I told you that stock like GOOG and BIDU are in cosolidation and I would short these tech stock. they will catch up evenmtually but to make money these days I only use garbage stock like AIG. Tons of money I made on AIG and still doing that. Stock should make a new high in coming days. HUGE HUGE

   SWBB

5. Robert_Tax_CPA

   Posted December 30, 2010 at 12:07 PM

   Funny (ha ha ??) TNA up TZA down and vxx down.

   • blackhawk

     Posted December 30, 2010 at 1:47 PM

     Robert, didn’t see ftk doing this, did not get in on 4.84, now just going to watch. Made monies, but left a lot on the table–thanks for the tip.

   • chicagochris

     Posted December 30, 2010 at 2:16 PM

     robert…i have been watching ftk as well..do you have a price target on it…yahoo doesn’t have any info….i also heard someone mention ftk as a stock to watch in 2011 with oil prices expected to climb…ftk services Hal and others….looks like 5.45 is next resistance? thanks for the tip

   • Rick

     Posted December 30, 2010 at 2:16 PM

     There could possibly be selling in TZA for losses for the year for tax purposes. I read that on another blog.

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