Update from Tze: Already seeing an uptick in the level and quality of participation on FocalEquity.com after Sam’s ban. We need to mobilize every single loyal FocalEquity supporter and get this site back to its golden status. Our great technology officer Charlie is currently working hard in creating a super user friendly twitter-like community. We hope to really make FocalEquity the best online investment community.
Update: sam get’s banned from FocalEquity for continuous annoyance to other users.
3:27pm
Oil back where it started… looks like all this hype about oil falling down and hitting $100.. ended up not doing anything. We didn’t break $100, and i pointed that was a great buying spot.. now we are ready to rally higher in oil. $112 is my target.
10:38am
With no real resistance up ahead in oil.. /CL oil futures are headed towards $112… $100 is the last support, if it can hold that.. i’d be a buyer.
10:26am
Is the SPY in a massive triangle formation on the hourly? Triangle formations tend to form with higher lows and lower highs appear. Whichever way the price breaks up, is the likely direction for the market to take after the breakout:
9:55am
Well that 1% gap was totally unexpected… with the ECB saying they are wanting to raise interest rates and jobless claims coming in very low, that prompted a rally. Also oil is taking a small breather today, so it makes sense to see such a rally. But the real jobs number is coming up tomorrow. A lot of people are saying it’ll be big because of the ADP report, but in the past the ADP report has been more of an exaggerator.
QQQQs now hitting up the 58 resistance, if they can break it they can potentially go to new highs.
Weekly Bill Settlement
Chain Store Sales
Monster Employment Index
6:00 AM ET
Jobless Claims
8:30 AM ET
Productivity and Costs
8:30 AM ET
3-Yr Note Announcement
9:00 AM ET
10-Yr Note Announcement
9:00 AM ET
30-Yr Bond Announcement
9:00 AM ET
ISM Non-Mfg Index
10:00 AM ET
EIA Natural Gas Report
10:30 AM ET
Narayana Kocherlakota Speaks
11:00 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
52-Week Bill Announcement
11:00 AM ET
Dennis Lockhart Speaks
12:15 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
GO TO http://www.spoofee.com to see today’s trades!
Idan, thanks for the post on the oil.
After reading your post, I became unsure about my oil short trade and I sold my SCO @ 46
Very happy.
Dear Idan, Tony, and Woo:
I recently got an e-mail from Focal to invite my friends to your site. As many have stated, I have been around since the StockTock days. I remember contributions from bears and bulls alike. I have the greatest admiration for all three of your Charting and Stock Analyzing. Unfortunately, I cannot ask any of my friends to join as long as Sam continues his rants. I will stay here and just scroll past his posts(yesterday it must have been half of all the posts). I don’t mind doing that, but I hope you understand why I won’t ask that of my friends.
Wishing you much success and I hope that some day FE can be full of a variety of opinions it used to have.
Brownie54..He is not being insulting or rude and some of his calls are pretty good like when he hit the 134.7 and some not so good like the rest of us.No one will hit the ball out of the park everytime..If you like his post’s then read them if not just scan to the next post..I like everyones prediction and take on what is happeneing then i choose which one i think has the best chance of playing out..As long as some is not being disruptive or posting personal attacks i see no reason to ban them..JMO Peace…
Hey… i guess tony asked to invite friends to the site.. i didn’t know about that.
Yeah the thing is, I believe sam should get his say.. sure it is annoying sometimes when he makes calls and says how much money he’s making and we have no clue about his entry point or exit point to verify it. Other times i’ve seen him make good calls/bad calls too.
But in any case, i want there to be as many people sharing their ideas.. this is what trading is about.
I have been considering joining FE and monitoring the posts here. I am very disappointed by Sam and his comments and have to agree with brownie. This has turned into a yahoo message board with his posts. There are some very good quality posts by daytrader and some others but one person’s posts ( that sometimes make up the majority of comments here) can and will deter the quality posts and hence the fact there are only a few posts here. This is really disappointing since FE has the potential to be a good community.
We can’t just delete posts if they aren’t spam or are still relevant to the conversation. That said, if you would like to change his post so that it’s not as “violent/annoying” you’re welcome to do that.
Email me: idan@focalequity.com
It’s not the content of his posts, it’s the manner in which he presents them. Wes hit the nail on the head that it’s more like a Yahoo message board with his ramblings, even if the calls are good. Additionally, his failure to live up to bad calls does no one any service. The people that run this site absolutely can delete his posts, even if they aren’t spam or are relevant to conversation. That’s what moderators do. Yeah, people can scroll past. But if half the comments on the thread are his, what’s the point? I understand that you want to promote free speech, thought, and opinion and you don’t want to come across as message board nazis. But there is a right and wrong for people to voice their opinions and for moderators to enforce some kind of order. You have people blatantly saying that they’re not inviting friends and/or don’t really read here that much because of sam. That’s lost customers. If sam weren’t here, would the people who don’t mind him leave the site? Are they here to read Idan/Woo/etc or are they here to read sam?
well said.
I second that.
Anybody trading the EUR/USD? What are your thoughts on that trichet spike?
Idan i am watching the UUP looks like we are coming into pretty good support going back almost 5 years i think the dollar is going to bounce but we will see…
yeah you’re right 21.95 is like really big support.. the question is.. if that fails, dollar is screwed (afterall this support has been tested quite a few times).
Is AAPL a short after the Ipad 2 announcement? The charts aren’t showing it yet, but would you short apple if it showed weakness?
i think jobs appearance trumped the release…and they announced yesterday and it climbed today…hmmm
hmmmmm…..reallly…what happened sam….lol
i would say 133.60′s is the level to watch
still watching GE
Meanwhile back at the ranch the train to paradise keeps a chuggin up up and away. It doesn’t make any difference if oil is $50 , $100 or even $150 there is no stopping the train as the bombs fly in Libya. I project SPX tops in around 1400 and until then enjoy the ride. Please do yourself a favor and don’t even think about shorting the market for if you do you will lose. JMHO
the power of your trade said you would short big at 132.70…lol….where’s the power in that sam
Last time the SPY fell 0.5%, and you called that a collapse.
So at 135.3 your looking for a 0.5% pullback to make HUGE money?
Let’s see if we can hit a 300 point day. Today is the day for that to happen watch.
Sam’s account is deleted based on FocalEquity users’ consensus. Nothing personal against Sam. We appreciate his active participation but the way he posts is not good for FocalEquity’s objective and I did what’s best for the community. I hope those who held back in terms of telling other people about FocalEquity can change their mind based on my action.
Zsun and Idan – Fantastic ! Now we can get down to making this the best board and community out there !
I’m looking forward to getting the awesome contributors back !
Thanks.
Well we certainly lost a number of people. As I suggested in my previous email to everyone, supporters of FE should send their friends referral emails and get quality contributors onto this site. Thanks for the comment Wes.
Perhaps everyone with Facebook Accounts can help to spread the word so we can have numerous people joining our Facebook fan page and group or at least just press the “like” button. I really hope I can mobilize everyone here to help FocalEquity get back to its previous golden status.
Will do what I can to help the cause.
Thank you–will get others involved best I can.
I think SPX may retrace.
I seriously doubt that look back from Sept 10 I don’t see any retrace there. It will melt up to 1400 before it has any big rertrace.
I agree aa
closed out spy calls from yesterday and picked up small short position @ 133. Looking for retrace before making new highs.
You watch them ram this market up EOD close to a 300 point gain.
Do you think this is a change in commodities (i.e. silver, gold, oil)?
What do you mean change in commodities? Gold and silver have been breaking records the last 6 months and are now back on the upleg in breaking more.
see below post–change in commodities refers to further inflation. i believe that inlation has been hidden by this government, will become an inverse correlation to equities.
Well of course the government is trying to hide inflation and not saying much about it but it doesn’t take a rocket scientist to see the increase in costs of every dam thing we are buying has gone up bigtime in just the last year. So as a result I would say that your points are correct but as far as inflation being and inverse of commodities I would say it is a direct corellation as commodities rise ie gold, silver, oil so does inflation from those directly correlate with higher gas higher food etc. and then that would then cause the inverse factor concerning equities. A good example is the equity value of homes are going down as the commodity prices are going up and while this current scenario keeps playing out the recovery of the backbone of this country which is housing will be longer in the recovery process.
Thanks, do not think you understood. Very simple–does oil, gold, silver, et. continue to rise with SPX going to 1400 as a direct correlation (per Bernanke, low (no) inflation), or do the equity markets decouple (starting)?
Well so far a big yes. If you look at closing numbers of the SPX and the closing prices of oil it sure seems likthey are tracking pretty much on the up on the trend.
The equity markets have had their biggest drop for the last few years so they have a better chance of starting to rise(not as fast as they fell) but by no means does it mean that they will not continue to drop even futher just not as fast and as much unless some other factor plays in like a world war maybe?
Idan
whats your opinion of SLV here? With the dollar down, you would expect the metals to be strong.
I think it’s a little overbought.. i’m not buying it here.. i’m waiting for the dollar to bounce and SLV to fall a bit more.. I’d love to buy it at 30.5 if possible.. but more realistically.. look for a 32.40 entry with a tight stop below..
SPX today clearly in an ascending triangle formation on intraday.. they can ram this market higher.. but if it falls below 133.2 we can have some strong downside into tomorrow. The war has not been yet won by the bulls to hit a new high.
Bulls have been winning the war the last 6 months. How can anyone deny the trend which has been going up? Two steps forward one step back two steps forward net is still forward. I can guarantee anybody playing short is losing. I can guarantee anybody playing UNG or ANW lost their ass.
I agree with you on oil. Unless it breaks below the 97-100 range it will continue up towards the 110-114 range.
so you think that SPX will not retrace, yet oil goes up? i would consider this to mean that oil is now a direct correlation.
No I didn’t say it wouldn’t retrace. I said that for every step back it goes up two with a net of continuing up.
Just looking at #12–appreciate your input, after looking at charts, you may be correct. Still watching GE, did not participate in this wonderful high. Feel that Gadaffi will not go down quietly regardless of Chavez. I am looking to keep oil stocks until not. Idan, Gupper are one my side at this point, still feel oil has inverse relationship to equities.
Like i said above generally oil has inverse relationship to equities. It is just now more pronounced since oil shot up from the 83-90 range that it held for so long to over the 100 level last seen in late 2008. The key here is does it continue to the lofty area it was back then with 4buck+ gas or does it subside and hang around 100? I do believe it will fall back under the 97 range and gas at the pump will probably hang in the 3.15-3.60 range for now anyways until the next mid east problem crops up which basically that is all the time lol.
Good stuff, appreciate your comments. Still think oil goes higher, SPX goes lower on short term. Will watch daily and be nimble, as my past posts state. Long term, tend to agree.
EEE just did another late day swan dive! It maintained it’s status on the exchange now watch it drop like a friggen rock.
so you think eee made its move only to keep its status to trade on the exchange? when was the deadline? just curious so i stay away if true..thanks
Funny how they blame this 2% rally on ADP jobs report. In last 2 years the market never pulled back big on a bad report. They better hope they get their wisper # or this thing could tank 150.
Yes pretty “funny” alright it’s BS. The umemployment numbers have been bad for so long and so many jobs lost how can a drop in the bucket for “more” jobs make any difference?