Is trading the TREND!!
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Got any idea why the volume spikes in CVM lately?
Do they have a catalyst coming up?
Holy CVM volume already today.....I grabbed a hand full in the .37 range....Chart looks good.
Chatter that a firm is making a bid for US Steel in the mid $20's....lets see if anything happens....X
Make sure you take your CAT profits this morning!!!!
I'm out at .23....taking my money and running!!
Happy Friday buddy!!
Yeah I was not in it either!!
I don't get it Bobby!! You and I are pretty dang good chartist but what is it that Jimmy does differnt that when he sees a play like this he can say 2 days before it runs that no one will realize that on Tuesday NFLX was under $60?
Maybe I need to work harder and sleep less. UPB is the same way. What is it that takes these guys to the next level?
FDX....Booyah!! Looking much better today...broke thru some over head resistance!!
Was just going to post that I picked a bunch of AAPL 680's in hopes that the FOMC announcement will turn us back up again.....Best of Luck UPB!!
DANG....We are going to need more out of CAT today to make this pay off....Should have bought those .08's this morning and we would be at a double.
Nice call on X yesterday....The oversold 60 was a great trigger to buy and I was a little worried when we started selling off into the close but GAPPER this morning.....
Let's hammer this one today!!
Nice call on X yesterday....The oversold 60 was a great trigger to buy and I was a little worried when we started selling off into the close but GAPPER this morning.....
Let's hammer this one today!!
GOOD!!! We have some good time on these.....We might make out well on these.....Nothing like NFLX or LNKD or SRPT today but ya never know.
What did you get those 90's for on FDX? I am in the green on my 87.50's @ .62 today.....currently @ .72
If the market goes green for a couple of days we might get a good return on these.
CAT looks to have negative bias today with the market.....After all the negative news I found about CAT I should have know to take the profit and run on this one!! B^TCHES!!
What did you get those 90's for on FDX? I am in the green on my 87.50's @ .62 today.....currently @ .72
If the market goes green for a couple of days we might get a good return on these.
CAT looks to have negative bias today with the market.....After all the negative news I found about CAT I should have know to take the profit and run on this one!! B^TCHES!!
Nice run....she is looking pretty over bought. Was there news to make it pop? I will wait for a pull back to add. Thank You for the alert.
Yeah....90's a little far out....87.50's I am holding (still pretty far out)....Just need some market movment to get this baby going!!
ROCKSTAR!!! SRPT CEO going to be on with Jim Kramer tonight!!!
You Go Girl!!
SOB.....We should have taken our profits and ran last night on CAT!! Should have known.....the market has been weak all week and I should have been more disiplined than this!!
Daytraderradio.com
The guy came on and said that AAPL in secert talks with P....Benzinga I believe it came from
Just heard AAPL is in secert talks to buy out P.......
Yikes that was luck...FFIV 110's out at .65 from .45.....lucky lucky dropped right after.
LOL!! I hear ya....It has been really nice having the summer away.
Anyways...Both CAT and FFIV are plays that I waited for, something I have been working on all summer (Patience). And then yesterday you posted that article and it was confirming everything I have been working towards.
Boring is better than broke any day of the week!!
Alright even with the market been a bit shady I am going to hold over night....
FFIV 110 W Calls which I have from .45 and am down right now
CAT 87.50 W Calls Which I have from .11
Looking very good......ascending triangle building....
I will read the article at lunch.
Yeah I stayed away for now. Picked FFIV weekly 110's instead.
Sorry I still never signed back up for PM....
Just going to continue to monitor for now..Was really tuff to not pull the trigger when we started popping a couple minutes agao but it maight have just been a bear flag...
No news out and we are flushing.....I don't like this one bit....
Dollar Weakens on Prospects Fed to Sustain Stimulus
http://www.bloomberg.com/news/2012-10-01/euro-trades-near-three-week-low-before-retail-sales-ecb-meeting.html
The dollar weakened versus most of its 16 major counterparts on speculation signs of weakness in U.S. employment will encourage the Federal Reserve to sustain monetary stimulus that tends to debase the currency.
The greenback fell after Fed Chairman Ben S. Bernanke yesterday defended the central bank’s unprecedented bond buying. Demand for the 17-nation euro was limited before data forecast to show retail sales in the currency bloc decreased for a second month and ahead of an Oct. 4 meeting of the European Central Bank. Australia’s dollar dropped to the lowest level in more than three weeks after the Reserve Bank cut interest rates. The yen slid versus its main peers as Asian stocks gained.
“The dollar’s just gong to continue to seesaw,” said Thomas Averill, managing director in Sydney at Rochford Capital, a currency and interest-rate risk management company. “Economic concerns globally are keeping it relatively strong, but continued printing by the Fed is keeping it weak.”
The dollar fetched $1.2912 per euro at 6:45 a.m. in London, 0.2 percent below the New York close. It bought 78.09 yen from 77.99. Japan’s currency lost 0.3 percent to 100.85 per euro.
The MSCI Asia Pacific Index of shares added 0.2 percent.
A report tomorrow from ADP Employer Services will probably show U.S. companies hired 140,000 workers in September, versus 201,000 in August, according to the median estimate of economists in a Bloomberg News survey. The government will release its monthly payrolls report on Oct. 5, a day after weekly jobless data is due.
Fed Policy
The Fed will release on Oct. 4 minutes of its Sept. 13 meeting when it announced that it will buy $40 billion of mortgage bonds a month. The central bank will continue record stimulus even after economic expansion gains strength, Bernanke said yesterday in Indianapolis.
“We expect the economy to continue to grow,” the Fed chairman said. “Our concern is not really a recession. Our concern is that growth will continue but at a pace that’s insufficient to put people back to work.”
The Reserve Bank of Australia cut its benchmark interest rate to the lowest level since 2009 as a global slowdown weakens commodity prices that have helped drive 21 years of growth without a recession.
Governor Glenn Stevens and his board lowered the overnight cash-rate target by a quarter percentage point to 3.25 percent, the central bank said in a statement in Sydney today. The decision to end a three-month pause was predicted by nine of 28 economists surveyed by Bloomberg News.
RBA Decision
“We were calling for a 25 basis point cut today, and that’s what they delivered,” said Callum Henderson, Singapore- based global head of currency research at Standard Chartered Plc. “The knee-jerk reaction to the decision is negative” for the Aussie dollar, said Henderson, who expects the currency to decline to $1.0250 over the next few days.
The Australian dollar traded at $1.0308 from $1.0361 yesterday, after touching $1.0298, the lowest since Sept. 7.
Gains in the euro were limited before data tomorrow that economists in a Bloomberg poll said will show European retail sales fell 0.1 percent in August from July, when they slipped 0.2 percent. Figures yesterday showed unemployment in the euro area climbed to a record 11.4 percent in August.
The Frankfurt-based ECB will keep its main refinancing rate unchanged at a record low of 0.75 percent this week and will reduce it by the end of the year, a separate Bloomberg poll of economists showed.
Debt Crisis
“News out of Europe is certainly not going to get a huge amount better overnight,” said Thomas Averill, managing director in Sydney at Rochford Capital, a currency and interest- rate risk management company. “The debt crisis is far from over. We’ve got some more bad headlines to come out of there, which will push euro-dollar lower.”
Spain’s Economy Minister Luis de Guindos said the nation is pressing on with its analysis of whether to seek a bailout, moving beyond his call last week that the EU needed to provide more guidance on conditions. Following a meeting with Economic and Monetary Affairs Commissioner Olli Rehn in Madrid yesterday, De Guindos said Spain is studying the ECB bond-buying proposal.
The move in Spain comes as European leaders enter a month that may decide the success of the central bank’s bid to end the debt crisis by pledging bond purchases. Spanish Prime Minister Mariano Rajoy, who spent six months campaigning for ECB President Mario Draghi to buy bonds, has been weighing the benefits of seeking aid since Aug. 2.
“If Spain decides to ask for a bailout, that’s a positive factor for the euro,” said Noriaki Murao, New York-based managing director of the marketing group at the Bank of Tokyo- Mitsubishi UFJ Ltd., a unit of Japan’s biggest financial group by market value. “That could reduce risks of a euro breakup.”
The euro lost 3 percent over the past six months, the biggest drop after the Swiss franc among 10 developed-nation currencies tracked by Bloomberg Correlation Weighted Indexes. The dollar rose 0.4 percent, and the yen jumped 6.2 percent.
=)....Thanks!! Morning SDH....another gap and dump day again?
Does anyone know of charting software that I can annotate and save multiple time frames for one ticker.....I have stock charts right now and I have to save them in different lists in order to do it. I want it to be easier for during market hours.
Thanks in advance if anyone knows anything....checking out multi charts right now.
Is this how you pick who will be president.....This is funny!!