Intraday Commentary ~ 3/07/2011

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FocalEquity

– March 7, 2011Posted in: Intraday Commentary, Stock and ETF Models

11:55am
QQQQ hourly… rememeber this chart? Well I was very right, and now we’re breaking down on wave3:

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.

9 Comments

1. Robert_Tax_CPA

   Posted March 7, 2011 at 12:51 PM

   Here’s a link to Omniac Oscar (the bull), with a S&P target for 2011 of 1400. He admits he’s concerned about the ST trend being bearish. Video is from this weekend, a little long, but IMO it had some interesting parts.
   http://www.youtube.com/watch?v=hnM9eTtlRhI

   Still bearish here, SH is only position underwater (1X inverse S&P) down just under 3% but position has been open ~ 3 weeks or so (I was a little too early, and thus I didn’t use leverage)

   • Robert_Tax_CPA

     Posted March 7, 2011 at 12:52 PM

     Oscar’s actual SPX target was in the 1400′s..I believe it was 1430 – 1450

     • davecash77

       Posted March 7, 2011 at 12:59 PM

       His video shows 1650 as his target by 12/31/11..

2. Robert_Tax_CPA

   Posted March 7, 2011 at 1:02 PM

   map of what’s moving – ouch for longs http://www.smartmoney.com/map-of-the-market/

   http://www.spike.com/video-clips/s2itjx/the-hindenburg-disaster-with-audio-of-herbert-morrison

   After today’s 5 – 7 BILLION in POMO, only 2 more days left before new schedule is published by the Fed. What’s next? If 5 – 7 Billion a day can’t do it, how about 50 – 70 billion? I sure hope not, for my daughters sake. http://www.newyorkfed.org/markets/tot_operation_schedule.html

3. Robert_Tax_CPA

   Posted March 7, 2011 at 1:03 PM

   Both Fri and Mon lunchtime buy the dippers getting coal this round.

4. dsavill

   Posted March 7, 2011 at 1:03 PM

   Interesting and I even said that SPX will top around 1400 last week and nobody believed me oh well.

5. kingakira

   Posted March 7, 2011 at 2:23 PM

   Hi, Idan/Woo

   How do you think about “LVS”, it is in an down channel bottom, I think it will bounce to $46~$47. Is it time to load some “call”? Thanks

   • Idan

     Posted March 7, 2011 at 5:33 PM

     I think you are right. It’s right now at the perfect entry point for some calls. But if i were buying calls here.. MAKE SURE, your stops are tight… don’t assume that it’ll bounce, cuz this market is crazy with oil prices at these levels.

     Idan

6. dsavill

   Posted March 7, 2011 at 4:04 PM

   POS ANW breaks another 52 week low @7.99. Oil flying high and that company takes a swan dive go figure. I still think this company will be BK before it is over JMHO

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