From Roller Coaster (Trading Day 2011-09-23):
The Nasdaq is now at the lower side of the upward channel. It can bounce from here, but I think it would be rather precarious to take a position unless there is a strong reversal.
From Roller Coaster (Trading Day 2011-09-22):
The market sold off yesterday from the downward sloping 50 EMA, and couldn’t make a new high while back inside the channel. I’m now expecting a re-test of the August lows, or possibly a sell-off to new lows.
From Tze (Trading Day 2011-09-21):
You can download the ENTIRE stock model for this week (including top 50 longs and top 50 shorts) here: FocalEquityStockModel_20110920
AutoZone, Inc. (NYSE: AZO): currently ranks 3,061 out of 3,514, towards the bottom 15% of the stock universe. Trend wise, the stock has maintained a healthy rise. However, valuation wise, it is getting more and more expensive. We expect some kind of a pull back in this stock soon.
From Tze (Trading Day 2011-09-20):
Let’s discuss some popular stocks after Monday’s close. You can download the ENTIRE stock model for this week (including top 50 longs and top 50 shorts) here: FocalEquityStockModel_20110920
Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA): This stock plunged over 20% today. Our stock ranking model ranks this stock as 2,347 out of 3,514 after the data update as of 9/16/2011, towards the bottom of the stock universe. Such ranking would be very accurate for this stock after today’s action.
Range Resources Corp. (NYSE: RRC):
RRC had a huge intraday move today. It still ranks poorly in our model despite the upswing and the overall uptrend YTD. Current ranking is 3,264 out of 3,514.
APPL seems to be unstoppable and rightfully so as long as demand is strong for its products.
MNTA rebounded a little bit but RRC is down less than 1%.
NFLX is a classic parabolic upmove collapsing. The stock continues its devastating drop. Next target would be $100.
COL and RIMM seem to be moving in opposite directions +/- 2% each.
What do you guys think about HPQ? Is it worth messing with? It just seems to go down every day and with no bounce in site.
Not particular bullish. Ranks 974 out of 3,154 in the stock model. It’s like almost top 30% of the universe. Definitely not that exciting. There is no real catalyst for this company. AAPL dominated all of them by so far that it’s hard for them to ever catch up.
Not particular bullish. Ranks 974 out of 3,154 in the stock model. It’s like almost top 30% of the universe. Definitely not that exciting. There is no real catalyst for this company. AAPL dominated all of them by so far that it’s hard for them to ever catch up.
HPQ chart looks bearish.
Market not favoring shorts at this moment. Whenever it looks like it is breaking down, it comes back to make a new high.
Well there will be over 10 million shares of HPQ traded today down a nickel but volume continues to stay up on it. If it is such a bad deal why are 10 million shares being traded? This stock was in the lower 30′s not too long ago and the largest computer manufacturer in the world. They are really punishing this thing.
Volume has very little correlation with the performance of the stock although volume is incorporated in the stock model.
Also, why trading HPQ, isnt APPL more exciting. If they continue to have these amazing revenue numbers coming out for their products, there is no reason why AAPL wouldn’t go to $600 a share.
Exactly but $600 a share compared to $20 is a big difference.
Yea i mean per share basis yes but percentage wise AAPL would still be more attractive.
Well here is the answer on HPQ. They getting rid of CEO watch this stock roar up. I knew something was up with it yesterday.
Are you going long HPQ? It would have been hard to spot that jump.
It would have been a nice trade if one got in yesterday.
Most definitely I jumped on @ 23.85. I look to see this head back to the 30 range. Might as well play techs since they are what is moving. The financials are taking a beating and now they down graded BAC and WF.
FOMC meeting announcement today.
Get ready for Operation Twist
The operation twist is built into the market and it won’t amount to a hill of beans. IF they don’t do it or gentle Ben takes the sidelines this market will drop like a rock.
Well I just said that out of humor. Why did they even bother to change the name to Operation Twist when clearly, it’s another variation of QE. Swapping short bonds with long bonds.
Because when they did it back in the 60′s the “twist” was the dance. They ought to call it the “moonwalk” lolol
Haha that’s funny. Maybe it should be called operation “bankrupt the United States further 3.0″
got that one right! Twist should have been called crash and burn. Thank you Big Ben, from the bottom of my wallet.
I thought I was trapped in TVIX but I KNEW you would help. How about some follow through help from Europe now? Pretty please.
Hey welcome back Robert. Hope you will comment more often.
There it goes they not buying it down we go just like i said.
Well obviously Operation Twist was not priced in as the announcement is not taken well by the market.
I think the problem is they are not going to inact it as quick as they thought. They will drag it out till next June.
The market doesn’t know what to do it is up and down and around the place. Best to sit on the sidelines and watch the show.
What will happen now is they will bring it back down to near flat line EOD.
However don’t be surprised if Greece raises it’s ugly head again and spooks the market.
FAZ is taking off like a rocket giddy up!!
Market is messed, sub 1000 s&p by year end was probably guaranteed today. I’m holding a decent position in SH that I am not letting go of for a while. SPX 1350 my A$$. Won’t even see 1250 IMO.
http://www.youtube.com/watch?v=W8GaDuCvYbE
I actually went on vacation for a few weeks and when I returned I thought the comment section was gone. Happy I found you guys again.
Does Woo still hang out here? Love to see his thought on the next stop.
PS – I found you guys again by a tweet idan put up, oddly enough it was not stock market related.
Best wishes to you guys, DS, Woo, Idan, Tzi plus anyone else I am leaving out. Lets feast on some liver.
Hey Robert bro GTSY again welcome back. I’m the same way with FAZ , I am not letting it go until it gets in the upper 100′s.
Hey Robert,
Woo and Idan are no longer here as indicated back in April. I (Tze) have been building this site by myself for a while. Now, Roller Coaster and Dsavill are helping along with Channelguytrader. Definitely need more participation and activity on the site. But I think the site is back there is no doubt about that.
Good morning everyone. I have a busy day today so I will be in and out. But what an ugly market. Sentiment across the board is negative. There is 0 certainty regarding Europe. Operation Twist obviously is looking to be another disaster.
I think people are starting to realize the gold and silver are really not safe havens for investors. Everything will sell off except US treasury bills. I think as long as the Fed holds the treasury bills, they will likely not collapse. Look at the 10-year yield it hit 1.77%, unbelievable !!
Do you think treasury bills is a good way to play this market?
Yea of course. If yield goes from 1.77% to 5%. That is close to a 300% return if you short the U.S. treasuries. On the other hand, if yield continues to go down just hold onto U.S. treasuries.
I was short the CAD/USD pair (looking for weakness in commodities and strength in the US dollar), and it worked out well.
Some day. Strongly considering closing leveraged short position, or taking 1/2 of table. Holding FAZ probably makes a lot of sense DS. Worked well the last time the financial system collapsed.
Not sure about APPL, I think people view it more as a safety play with so much free cash that it does not pay out. Plus I agree products are in high demand….probably the only thing I have where I freak even if I miss-place it. But I hear plenty of people saying on a technical basis (more EW stuff) that even AAPL is topping or perhaps topped.
I plan on holding the larger position in SH (inverse S&P without leverage) until SPX nears 1100, then I will re-evaluate.
Gold down this morning was interesting too. Where is the safe haven?
It’s kind of ironic my retirement account has been mostly in bonds and cash, now I think it may be time to even lighten up on bonds. They say when the big one hits everything will drop at once, stocks, bonds and commodities. You’re seeing that in Greece and Italy right now. And everyone knows the US can never pay back it’s debt. They should probably work it out now like Greece, but that won’t happen Be careful out there, brutally tough market, these huge gap ups / downs make entries even harder.
And to the moderator / Tzi ?? the comment section on this site is hard to find, you really have to look for it. You may want to try posting on stocktwits or even twitter if you want to rebuild a following.
GLA
Thanks for the suggestion Robert. Also great move to stay in bonds and cash in your retirement account. I am doing to same. We will rebuild the the comment section.
Development in NFLX is quite disturbing. It hasn’t been that long since the stock made it’s all-time high. Now the company survival is dependent on its sale to Amazon. What a surprise.
WOW BAC GETTING READY TO GO UNDER $6.00!! There might be a play for a dead cat.
Yea stopped exactly at $6.00. It’s going to go under $6.00 with another session of decline. Are you buying
?
GOOG getting hammered holy moly! Problem with market here is traders not sure what the value is and so the buy on the dip is not working here. Probably best to just stay on the side and watch the show. However I have some plays on the low of the year on a few.
What are your plays? Feel free to share.
ANW @ 3.90 EEE@ .89
Wow HP made new low for the year. ANW could go ahead and test that August low. Didn’t realize that EEE dipped below $1 already.
Market seems choppy today.
SILVER AND GOLD GETTING ABSOLUTLY HAMMERED AGAIN TODAY!
SILVER AND GOLD GETTING ABSOLUTLY HAMMERED AGAIN TODAY!
Yea. There is really nothing safe there for long-only investors except U.S. treasuries, which are doing superbly