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Hey I'm gonna follow you on twitter. Quick question, does an engulfing candle cover just the body or does it have to cover the 'tail' as well?
I'm back on Twitter if anyone cares, moving towards probably getting my finance ph.d at some point here and figured this was a good outlet for all my trading ideas
https://twitter.com/charthawk
mwip failed continuation, ugh this market is terrible at times, chart just don't follow through sometimes, still has the chance but now has to consolidate for at least a few session and then try to head north again
got some .012 area mwip, should head back up to retest .02 area after this covering/consolidation period
circ about to start next chart leg here imho, folks had plenty of time to load'em up
US STOCKS-Wall St rallies on 'fiscal cliff' optimism
BY Reuters Equity 1:26 PM ET 12/18/2012
* Fiscal cliff negotiations move ahead, lifting banks, energy
* Top Republican says vote in Congress could come this week
* Gun makers' shares fall after Newtown, CT, shooting
* Dow up 0.8 pct, S&P 500 up 1 pct, Nasdaq up 1.3 pct
By Gabriel Debenedetti
NEW YORK, Dec 18 (Reuters) - U.S. stocks climbed on Tuesday, putting the S&P 500 on track for its best two-day run in a month, as investors gained confidence that "fiscal cliff" talks were progressing, even as significant differences separate Democrats and Republicans in Washington.
The gains followed a rally on Monday that lifted the S&P 500 to its highest point in nearly two months. Investors remain confident that Washington will come to an agreement to avoid a series of spending cuts and tax hikes before the end of the year that could hurt economic growth.
President Barack Obama's most recent offer makes concessions to the Republicans in taxes and entitlement spending, but House Speaker John Boehner said the offer is "not there yet," though he remains hopeful about an agreement. Senate Democrats, however, have expressed concern about entitlement cuts, particularly to Social Security.
"As you get more and more clarity and dialogue that there will be a compromise to avoid a fiscal cliff, I think the markets are going to rally," said Weston Boone, vice president of listed trading at Stifel Nicolaus Capital Markets, in Baltimore.
"What's holding this market back - the S&P 500 - from continuing to reach higher highs is the macro headwinds, and a lot of that emanates from (Washington) D.C."
For a second day, banks led the rally. Goldman Sachs Group (GS) shares shot up 3.1 percent to $127.30 and Morgan Stanley (MS) gained 3.2 percent to $19.13 after Jefferies Group (JEF) reported a higher-than-expected adjusted quarterly profit.
Jefferies (JEF) rose 2.9 percent to $18.77. The S&P 500 Financial Index climbed 1.2 percent.
"I think it's an expectation that if the fiscal cliff is resolved, it's going to be a better environment in 2013 for the financial names," said Michael James, senior trader at Wedbush Morgan in Los Angeles.
Shares of firearm makers sank on Tuesday as investors sold after the school shooting in Newtown, CT on Friday that killed 20 children and six adults.
Smith and Wesson fell 9.8 percent to $7.81, as the stock stayed on track for its busiest day in history. Sturm Ruger and Co slid 8.3 percent to $40.35.
The Dow Jones industrial average jumped 104.46 points, or 0.79 percent, to 13,339.85. The Standard & Poor's 500 Index rose 13.77 points, or 0.96 percent, to 1,444.13. The Nasdaq Composite Index gained 39.29 points, or 1.31 percent, to 3,049.89.
Tech shares rose, and gains in large-cap technology shares lifted the Nasdaq. Seagate Tech (STX) rose 4.9 percent to $29.41 while F5 Networks Inc (FFIV) gained 4.7 percent to $96.93. The S&P Information Technology Index rose 1.5 percent.
The S&P Energy Index also climbed 1.5 percent.
Baker Hughes Inc (BHI) said third-quarter margins and revenue would be below its expectations because of lower land drilling activity and price erosion. Shares rose 4.3 percent to $42.3417, reversing a decline in the premarket session.
Arbitron Inc (ARB) surged 23.6 percent to $47 after Nielsen Holdings NV (NLSN) agreed to buy the media and marketing research firm in a deal worth $1.26 billion. Nielsen (NLSN) rose 3.5 percent to $30.66. (Editing by Jan Paschal)
circ chart should be ready for reversal here imho, watch for the hammer candle today, these all folllow the same trading pattern, mdin/clnp same type of moves intially, i grabbed some .0011-.0012
looking for circ entry here, chart almost consolidated, reminds me of clnp's infancy stages
bcci been nice 1 day swing here, took my profits at .046 cause i found out the best part of tully's was already sold to gmcr, so all bcci would get is the retail locations?,- not the wholesale/keurig business which is what I initially assumed they were trying to buy, but gmcr already owns that..figures
bcci big news here imho, if the bk court agrees to sell bcci tully's assets this could end up being a really good one, heck it ran to the .80's just on the coffee sector hype back in 2011
http://finance.yahoo.com/news/baristas-offers-acquire-tullys-112000415.html
http://www.tullyscoffeeshops.com/
Hello Flight School! $TPAC ~ Trans-Pac Aerospace! Ihub board #81 old school penny stock! Tomorrow's Play of the week.
http://investorshub.advfn.com/boards/post_reply.aspx?message_id=82168086
nope not that guy................
my old handle was krznate
she looks good to go. This isn't nate m is it?
IBIO swing trade opp. here imho off double bottom daily chart
http://stockcharts.com/freecharts/gallery.html?s=ibio
Liking your charts,
nice pivot around the 18th eh?
getting back in the swing here after couple week vacation...maybe we get nice santa rally this year but fiscal cliff looms large
never slept with you either mary wtf
just messing with shakey dont get your carpal tunnel going crazy again writing me back ha
clnp, dip opp. here this morning, looks like 17-18mil traded at .01 or better last two days, probably manipulation here and then right back up again this week imho, my chart currently says it could be headed to mid .02's or so on the 3 and 6 month trends when i draw the lines
no problem, thanks for posting the chart, you know how i love playing bio's, it has a great mid-long term risk/reward ratio at these prices
good info thanks nate that kid got upgraded this morning also
re: cort- Korlym launch was supposedly disappointing and led to multiple downgrades, but they have 1.02 per share cash on hand which should limit downside risk here, if revenues from Korlym pick up you could have a nice winner here back up to 3-4 range, their other promising drug phase 3 study doesn't end until the end of 2013, they do have an MAA filing to EMA for "a once-daily oral treatment of hyperglycemia secondary to endogenous Cushing's syndrome in adult patients with glucose intolerance or diabetes mellitus type 2 who have failed surgery or are not candidates for surgery", when they news hits it should lead to short term pop, so not a bad one to buy and sit on imho
GM- yes, looks like it should be right about bottomed out.
grabbed a bunch of hemp here @.055 to hold for next week, res. is .065 and then .09
pot stocks on fire - hemp up less % wise than grnh and cbis are so far today, clnp should get sympathy with hemp as they have deals in place with each other
this market is very frustrating, charts just don't do what they are supposed to do these days
szym broke 7.75 intraday res., should be headed back to 8.20 area here based on intraday charts imho
exm could be good on a .51 break
http://stockcharts.com/freecharts/gallery.html?exm
VVUS~ shorted this for a coupla days right here at 10.44. Jefferies put sell on it and PPS target of 6.00!
Yes, awesome! I did not want to hold through earnings but wish I had now-
market is headfake tank today to solidify that bottom area i think, i guess time will tell, hdy 1 month trendline is around .93 right now, i'm just watching the 5 day chart consolidation on it
HDY coming down hard now. Not a good day with the market tanking
hey mary, cool thanks, been watching ur hdy as well on the pullback
hey nate...DSTI just had news..teenyfloater
SZYM bottom chart play in this area imo, notice how it was recovering from lows last nov/dec timeframe, earnings are on the 14th, but could be a nice 4 session swing trade till the 13th, and the reevalaute after for longer hold, this is a stock that the obama win should be good for going forward imho
http://stockcharts.com/freecharts/gallery.html?s=szym
related article
http://seekingalpha.com/article/975491-solazyme-the-making-of-a-specialty-oil-giant?source=yahoo
HDY racing now..upcoming event
VRNG~ Heads UP!~halted pending news!
MEIP nuts on good 2 days worth of great news
MEIP hit a buck. Still looking good.
STP nice bottom setup..leaving soon..going to vote
MEIP hits .90
PRMW~ near HOD at 1.21. 1.18 X 1.19
VRNG~NHOD 3.69
MEIP .40 to .72 on news so far ..private placement news
HUSA could not break .63 res today ...50 is 2 day bottom
HUSA~ wow big gain from LOD Friday
STOCKS trading above the 200 day moving average are in Flight
Charts over the 200DMA and above the 50..are awesome..
Charts that have been trending through the 50 are most often times in pre-flight mode....
[ http://www.otcbb.com/dailylist/
http://money.cnn.com/data/commodities/
http://www.allstocks.com/homepages/homepage6.htm
http://www.smallcapcenter.com/tools_winnersandlosers.asp?page=TOOLS_WINNERSANDLOSERS.ASP&loserso....
http://www.bullsector.com/
http://www.otcjournal.com/Platina-Enegy-Group-My-Kind-of-12-Centr/af/archive/20080619-1/
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