Collective IQ Traders Group

[gtober]

[Newly2b]

Cannot PM, I'm a freebie now. I'm also in Borrego for another day or two. PM me your email so we can connect.

Newly

[gtober]

S&P 500 has created (almost) a rare opportunity. Trades and stops are smacking you in the face. Long at Support. Short at Resistance. Short below Support. Long above Resistance.



stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p45926243321&a=383573458

[gtober]

Hmm, couldn't stand to see the last post date on this board as 2008. It didn't look right with the rest of them in the list. So, here is a post:


The NYSE Bullish Percent has rolled over:

http://stockcharts.com/webcgi/Pnf.asp?S=$BPNYA

The $NYSI has rolled over:

$NYSI - Daily Candlesticks



But, the $NYMO looks like it may need to work up again.

$NYMO - Daily Candlesticks




So, maybe a short term pop before a long term drop?

[gtober]

Yup. :^))

[JimQuinceH]

Is this the OLD DEAD BOARD ?

Jim

[gtober]

About time I suppose. We certainly have marked a lot of time waiting for something to happen.

[opnion]

$Nasi joins the party after the close today. Now a bounce can begin within the column, a powerful drop will be easy in a few weeks I would guess.

http://stockcharts.com/webcgi/Pnf.asp?S=$Nasi&Y=U&B=140&N=A&C=2

[gtober]

Stupid NEM. Just when it looks like it's going to hit that trendline, it pops and forms a hammer. A nice one too.

[dvdmogul]

You think its funny? Why?

[JimQuinceH]

PST own shares in DGCO and IPEX (a couple of unprofitable Bulletin Board issues) as well as several non-public companies. At some point the non-Surgical Sponge holdings will spun off into another stock, leaving PST as strictly a manufacturer and seller of the the Laser based Surgical Sponge system.

Jim

[opnion]

ya it looks like $hui s in for about 5-8 more nasty points. ugh lol BTW Jim's "PST" might be worth a lottery ticket at maybe $2. One thing that I don't like is that it has broken down thru the bullish support line. Probably a long basing period will happen.

[gtober]

NEM is starting to look like the 38 gap is coming into play. That would be nice. Uptrend support around there too. that's a long play IMO.

http://stockcharts.com/def/servlet/SC.web?c=NEM,uu[f,a]dhclyyay[dd][pc10!c20!c50!c200!b200!d20,2!i!f...

[gtober]

How long before $VXN drops below $VIX. I thought tech was more volatile than industrials. LOL.

http://stockcharts.com/def/servlet/SC.web?c=$VXN:$VIX,uu[f,a]whclyyay[pc10!c20!c50!c200!b200!d20,2!i...

[gtober]

Thanks Jim. It's oversold on the daily and weekly. Lots of nakedness below though, as OP would say. It will likely bounce soon, but it's just too small for me.

[JimQuinceH]

Hey Guys, You ought to keep your eye on PST, that has a new surgical sponge laser tracking system that is just getting off of the ground. It could be a winner in the future.

Disclaimer: I am long PST from higher levels but I am not selling any shares, yet.

Jim

[gtober]

Past the 50 day ema is pretty good, but it looks like its overextended already. A buy on pullback would be my preference, unless perhaps it takes out that previous failure at the 50 day ema.

http://stockcharts.com/def/servlet/SC.web?c=exm,uu[f,a]dhclyyay[dd][pc10!c20!c50!c200!b200!d20,2!f][...

[opnion]

see EXM this looks like an early entry to me for a rebound.

[gtober]

Closed my NEM calls. Now, I'll write puts if we get oversold, or write calls again on a ramp.

[opnion]

WELL you said you just needed a dip below 40 on nem. lol $Hui could give some ground here. Maybe 8-10 points.

[gtober]

Have to beware the trap though.

http://stockcharts.com/webcgi/Pnf.asp?S=QLGC&N=A&C=2

Why couldn't this stupid stock drop below that 30 level earlier. Oh right, cause that's where I wanted to buy it.

[opnion]

Looks like I will get multiple weekly buy signals on qlgc at the close if it holds up thru the day.

[gtober]

A crack of 40 is all I need to cover and get almost all the premium. 39.40 closes that gap too, which would be nice. I still think its going higher too, but you never can tell.

Should be interesting to catch a few stocks when this market finally catches up with the internals.

[opnion]

lol I may start the writes on qlgc, I think I will buy 2x amount of puts on qlgc when it makes its upward move and looks like it has stalled. See the 5 minute chart on qlgc , it has an imperfect bearish sandwich (at the bottom of a movebtw) followed by a nice set of soldiers targeting 35.32 -35.77. Nem stochastics looks like it is bottoming rather than going to collapse, low side looks like maybe 39.40ish to me. g

[gtober]

C'mon NEM. Get it over with and lose 40 so I can buy back my calls.

[gtober]

AMAT is surprisingly weak given that forum is going on. Have to see with that QLGC. :^)

[opnion]

I heard a "rumor" that it is possible for qlgc to get a pop out of the Intel Developers Forum today.

[gtober]

Big gulp. LOL. This is a nasty reversal. We don't usually see these on Mondays.

[opnion]

bought qlgc at 33.75 gulp g

[gtober]

IT has held up quite well, and any 35 print probably springs it. But, I'll have to look at it once the markets finally do their tank-job. Now that we have rolled over in a few key indicators, and are waiting for confirmation of a few others, any more than a few days trade is probably fairly risky.

It just figures I would nail the bottom on QLGC - for a while at least - and then sell it. Reminds me of AAPL.

[opnion]

I think one should be buying qlgc here for a run possibly. Maybe on any sub 34 dip.

[gtober]

Quite an amazing and exaggerated volume pattern hey? Hope the next one is $40. :^))

[opnion]

In looking at myg chart I believe we have another bid coming in this weekend or news at the least. Ripplewood may be going to submit another cash bid. Or Haier comes back in. Sumthin is up, stock is down but chart says no no don't do that. g

[blasher]

YES! ... lovin' it!!
congrats to you as well.

[gtober]

Congrats, romping now.

[gtober]

I still have the common I bought a little while ago. But now, I can take the report either way. I'll just react to any move they pull out of their - uhhh - hat.

[blasher]

probably good move.
I've been very bullish on NTAP for a couple of weeks now.
I have been writing Puts and Buying Calls ...
I'm holding all positions thru tonight ...
keeping my fingers crossed.

[gtober]

Cleared out my puts on NTAP. For only about $0.35 profit, but since they report tonight I don't feel like getting hung.

[gtober]

And we're THIS close on the other one.

http://stockcharts.com/webcgi/Pnf.asp?S=$NASI&Y=U&B=69&N=A&C=2

[opnion]

Oops , One chink in the armor!
http://stockcharts.com/webcgi/Pnf.asp?S=$nysi&Y=U&B=70&N=A&C=2

[gtober]

That's gotta be in some way related to the Sept and Oct '05 volume. Someone doing some sort of a spread play, or maybe closing and rolling positions. either way, there is big money at work.

[opnion]

Gt look at the 2008 leap options on MYG , 4x open interest volume today, either they shorted the stock and bought the far out calls or they did the same thing that I did and it is a play on whirlpool stock if it closes. the $20 calls.

[gtober]

I may regret this, but I sold calls on the DWA position. $25 for Sept. I have to hope for a re-test, a continuation of the downtrend, or at least a consolidation. I think the 50 day ema will be tough. But, it would have been a lot better had the strike prices risen by 2.5 instead of 5.

[gtober]

Looks like CREE sees $20 again. I'll buy it there. Somebody start a rumor. LOL.

http://stockcharts.com/def/servlet/SC.web?c=cree

[gtober]

Pure dumb luck. LOL.

LUV does look to be in a bit of trouble. It lost a weekly uptrend and failed to regain it. 3 weekly crows if it doesn't ramp today.

KGC looks good. All the Golds do. That was a strong breakout. It looks to me that Gold is going considerably higher. But, hopefully there is a good consolidation first. Fill a few gaps.

[opnion]

edit..lol (dwa) seems to be doing ok, gold sure seems very strong but a lil pause monday might be in order as the dollar bulls group up g
edit....btw have a peek at LUV me thinks it is in trouble if it goes below 13, maybe $4 worth of trouble.
edit.also KGC a gold stock gave a buy signal today at 6.72 should go to 8 ish.

[gtober]

$GOLD blasts out. This consolidation would target 500-525.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1643460,1&cmd=show[s6498766]&disp=...

[gtober]

Shite, didn't even know DWA had earnings today. I hate work days.

[gtober]

BTW, I am also looking to take $1 out of the DWA Sept $25 calls. If I get it, I'll take it. Unless there is some sort of news.

[gtober]

Ya, it looks like I could have gotten more, but Oh well. These gains will have to be consolidated some, and the time premium will be a lot less the next time we see this level.

Maybe $45 WILL be possible over the next month given today.