13'sBoard

[Agent13]

Good morning board

keep an eye on this weeks calendar.
mon tues retail info. wed fed minutes, fri employement
http://mam.econoday.com/

[Agent13]

Another entry being stalked. looking for confirmations.

[Agent13]

Weekend posting is fun.
Trading is like life. There's lessons learned easy and hard way. There are major screw ups here and there. It's how you adjust and bounce back from them that count. Hard work is rewarded and Wisdom accumulated in life and trading. The elder sometimes laughs at the eager youngin in life as in trading. I feel the lessons cross over. Keep an open mind in both. Rigidity can be detrimental. You don't have to be right in either. You do need a plan however. GLTA

[Agent13]

Some Monthly Charts:

[Agent13]

Diversify
This doesn't mean you need 100 stocks bonds commodities in your account. But diversify equally in your purchasing. If you are going to be wrong sometimes, and you are going to be wrong, make sure you equally diversify your purchases. A mistake I have made is purchasing more of my favorite and less of another possible winner. Don't do it. Keep lots even and don't load up in correlated markets. It's simple. If you do this , then you will be able to profit with less correct picks. I've had a stellar month and had losers 2 to 1. Only because I picked even $ amount lots and cut losses very quickly. To me this is the meaning of diversification. Even lot amounts, no biases, and a diverse pool of choices to buy from. GL.

[Agent13]

On Entries
I have read up on Taylor's Book Method. You should too. Pivot points seem to be comparable. Great Day Trading tricks that can help with good entries IMO - Don't tke my word for it, in fact don't take anyone's word for anything. Go try it out for your self with a small account and get good at.
http://stockcharts.com/school/doku.php?st=pivot&id=chart_school:technical_indicators:pivot_points

[Agent13]

An Entry Plan

[Agent13]

$XBP

[Agent13]

Trying something new.
I've got two list of entry level futures contracts. I call them entry level because of the low margin. List one is under 500$ and list 2 is under 2000$. I'm starting with the 1st list before I move up. An S&P500 contract is worth 519,500$. A gold contract is worth 120,000$. They're not on the list lol. I'll be working up to that.
List1 MGC M6A MCD M6E MJY XC XK XW
List2 CJ QC TT LE HE LBS QG 6C DX 6A 6B
Most are micro and mini contracts. Don't let the word mini fool you though. A mini S&P500 contract is worth 103,900$. You can get one with 5060$ margin. Lets say you have 10,120 in your account, Twice the margin amount, and the index drops 5% while you are long. You will get a margin call. On the other hand, if the market rally's 5% , you would have made 100% on your investment. WARNING - I did this math quickly - so these may be off. Double check me if you're interested and look up the contracts if you want to start learning as well. GL

[griff]

Thanks for that and the charts 13 :)
Markets turning south as I type..
Dive Dive Dive!

[Agent13]

Market bounced back, but still put a lower low and lower high. Could be the start of something bigger. Pro's like to take it back to the top and unload more and more.

1st option trade -

[griff]

Very nice! Options are no joke for sure!
Went with TVIX this time around because I feel that unless you buy options at least 4 or 5 months out you need to watch them constantly. I would be in & out of profit on them before I knew it while doing a job!... But same thing happened to me today, in then out of profit with TVIX while out on an appointment, ugh, sometimes ya just can't win, lol. I was expecting more of a sustained drop today. You're right, no telling what's coming tomorrow.
What were your puts on?

[Agent13]

Today was a gap down and fill day. No telling what market will do tommorrow IMO. I sold my first options this morning for 100% profit. Greed almost kicked in when I saw the price movement on those puts, but thankfully I noticed the gap down and expected a fill, so sold. I also let my gdx puts go at 1/2 price when gold moved against me. options are no joke. I can see how a person could get into trouble trading them. Glad I got my feet wet. Hope you had a profitable day griff.

[Agent13]

You too bud. Thanks.

[griff]

I think you're looking good Agent!
I went with a chunk of TVIX instead of Options this time around...
GLT!
Off to work :(

[Agent13]

Puts expiring end of week. See how it goes today I may get lucky and make a profit.

[griff]

Ya still holding those shorts buddy?

[Agent13]

Small Caps and Transports annotated

[Agent13]

Futures for the S&P 500 index (SPZ4) were mostly flat at 2,073.60, while those for the Dow industrials (DJZ4) added 15 points to 17,912. Futures for the Nasdaq-100 index (NDZ4) gained 5.25 points to 4,315.75.

Both the S&P 500 (SPX) and the Dow industrials (DJI) bagged record closes -- 48th and 33rd, respectively -- on Wednesday, with markets lifted by upbeat services sector data and cyclical stocks such as energy. But action was flat on Thursday, with some big events looming for investors.

Looking for a Draghi dove: The ECB will hand down a policy decision at 7:45 a.m. Eastern Time, followed by a news conference from ECB President Mario Draghi at 8:30 a.m. Eastern. No policy change is expected, but markets will be looking out for any dovish comments from Draghi on whether the central bank is ready to kick off more stimulus. Read a preview

"Draghi needs to be very, very dovish and hint at more ECB action to keep stocks going up. I think he will be dovish, but there will be no hints strong enough to meet investor expectations," said Wouter Sturkenboom, strategist at Russell Investments in London, in emailed comments. The Hindenburg Omen cries bear market again

Weekly jobless clams are coming at 8:30 a.m. Eastern Time. The data comes ahead of Friday's nonfarm-payroll data, a big event that gives investors a reason to sit on the sidelines. "Jobs data needs to come in the area of 180,000-230,000 to keep investors happy. Higher is worse than lower," added Sturkenboom. Why economists say 400,000 jobs could be added
http://ih.advfn.com/p.php?pid=nmona&article=64666490

[Agent13]

Total Market

[Agent13]

Good afternoon anyone.
Market top IMO. Get ready for a dip.
I'm set with stops and puts.

[Agent13]

Market looks Strong
But I have this on close watch.The alarm bells are ringing. False Alarm or not? It likes to drop before the pop IMO as well. Also notice the weekly ADX DI Indicator.

[Agent13]

Took some profits and set more stops today. Link back for leaders charts. Bought GDX puts as well. Caution Newbie Here.

[Agent13]

Ugly start to that one. Ill see where it goes 2 morrow.

[Agent13]

DUST 24.17

[Agent13]

good morning anyone -

[Agent13]

1 Chart - 2 Patterns .
W/ euro dropping more and dollar rising, I'm staying in the bear camp on gold and miners. But as always - it could go either way.

[Agent13]

Man gold had a wild day!
But here are some other charts I'm watching closely. Any questions please ask.

[Agent13]

Morning DA - sorry, seems I can't post there anymore, but The difference I see from January to now is the depth of the move. The bullishness is not excessive. and the coreelation hasn't hit0.00 Feels like there is still a wall of worry in the air now as well. The macd is coming around from underneath. yes.
IMO the market is at an interesting point. At resistance. you would think it would retreat to support. but.. if we punch through resistance (one i'm watching is transports) then a nice run could occur. only if of course. My gut says - and i'm not trading on gut but watching, that markets don't go below there 200dma again. Just a guess. But i'm still bullish. i watch this chart for extremes and we haven't got there yet.

[Agent13]

Weekly Natural Gas Storage Report

http://ir.eia.gov/ngs/schedule.html



More great info as of Oct 31st
http://www.eia.gov/naturalgas/weekly/

[Agent13]

Some other trends ;(

[Agent13]

Some Trends ;)




DIA & QQQ new highs as well.

[Agent13]

Krispy Kreme this morning. 5$ for two donuts and a large coffee. Two registers and a drive through. Reasonable flow of customers in the off season here at the beach. I'm getting old and sound a bit like my grandfather but 5$ for coffee and donuts. And nobody's complaining. Just another observation.

[Agent13]

Leaders

[Agent13]

P O S on watch w/ news today.
http://ih.advfn.com/p.php?pid=nmona&article=64227399&symbol=FFFC

Share Structure
Market Value1 $967,164 a/o Oct 29, 2014
Shares Outstanding 4,835,821,341 a/o Feb 24, 2014
Float 1,001,472,435 a/o Feb 24, 2014
Authorized Shares 5,000,000,000 a/o Feb 24, 2014
Par Value 0.001

[Agent13]

I'm very Bullish on this chart.

and this as an offshoot - 3% divi as well :)

[Agent13]

Trading stocks is like flying a kite. You need have the right conditions to be successful. If the kite lifts off, you just need to moderate it and let it out slowly. If it dives, you wouldn't keep running or expect it to lift off. You wind up the string and start again. Pick the right spot , pick out a nice kite, get the wind at your back and let one fly.

[Agent13]

I recently drove to a football game in my hometown with my 4 year old son. Upon arriving I noticed a few things. Areas around the city that used to be fields are now huge buildings and major intersections packed full of people and thriving businesses. These areas wouldn't have supported a business 15 years ago. 30 years ago they were unused fields for us kids to ride bikes 10 miles to the closest fast food restaurant. Getting closer to the stadium I noticed the people. 20-40 year olds dominated the scene. Driving nice cars, throwing huge tail gate parties. The older folks were there also, but the up and comers were abound. Then at the stadium I noticed the spectacle. The big screen was a 1.5 million$ site to be seen. The game was against a smaller school and not very hyped, but the stadium was almost full.
The feeling I got from this trip was "growth and expansion". I am not so worried about the lines on a chart as I was before this ride. The lines on a chart are static- the economy is not. If the lines on the chart always returned then the DOW jones would be at 200 still. I, personally am not scared of heights any more, when it comes to my charts. I was changed. Look around and think about these ideas as well.

[Agent13]

Cyclicals like these look good to me.

[Agent13]

1 Month to the dot. Short Gold Play back on again IMO. (link back for chart)

[Agent13]

That stock/bond ratio did predict a correction. Add it to your tool box IMO. Watchout if the ratio goes below 1!

[Agent13]

Bottoming is a Process, but as a newbie I need someone to give there views , insights, opinions on what that means and how it applies to the current market situation. Only a few followers here, but I have a feeling some are up for the request. My opinion is that the process has begun with bulls fighting back the last two days. Higher lows. The problem is not higher highs - building some support though. What'chall think? Thanks in advance!!!!

[Agent13]

Transports and Small Caps RSI (bottom indicator on weekly charts in ibox)are leaving oversold territory indicating a bounce or reversal. These are leaders,and we'll keep an eye on the rest of the market to follow. The week's not over so these charts are not locked in as of today. The candles have thrown some tails and should be looked at as new support or resistance (bonds and gold).

[Agent13]

awe man, where's everybody at? Looking for ya...
looking for the bottom as well ;)
I think this chart will help. Shows where big money is going. Retail can't move the market unless big money let's em IMO.
1st a long view and second the daily moves.

[Agent13]

Energy's bouncing -
but Oil is not - I'm not convinced to enter yet. Also Nat gas may follow down soon. Watching for a bottom sometime???

[Agent13]

S&P 1500 Weekly "The Market"

[Agent13]

Energy weekly -

[Agent13]

Stock/Bond ratio breaking down among other indicators the market is going down more. All in my humble opinion. This choppy market's got me a bit confused, but when I step back and see the bigger picture, I'd say we have more room to move down.(link back for stock/bond ratio)

[Agent13]

Patience

I need to work on patience. Entered tbt(link back)too early. back to my old ways. Stopped out for a quick small loss.

[Agent13]

TBT - a few different looks.
I like this going forward. JMO