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SPY/ SPX: Doom again? Now that everybody's long?
lolz
GLD nHOD! BREAKING OUT! Strong despite market dip. Should have a great week with now being above ma50. There's a gap to 167's.
SLV making new heights too.
My last post for today! Good luck!
I think SINA will have a better day tomorrow. Looking at Ichimoku cloud it did reflect more of an upside for tomorrow than today but who knows.
Market/ Stocks dipping a little now after the morning pop, should move back up later again.
GLD 163's break !!!
Grabbed some SLV 34 W Calls too
Holding now:
SINA, GLD + SLV for today and this week
GLD got some 167 W Calls
I went in SINA 75 W Calls - That is just my style, don't necessarily suggest others to go in that far out of money. 70 W Calls cool too.
SLV + GLD SQUEEZING
SINA SQUEEZING NOW :)
SINA 67's BINGO BOOYAH! :) Off she goes!
SINA breaks 66's. Up we go!
SHLD UNREAL SQUEEZE!!! 53's now
SHLD wow SQUEEZE CONTINUES! Broke out above ma50, could go 60's now to ma200 on this break out.
Maybe it's time for GLD to shine today if it breaks nicely above ma50 (162's+) while SLV takes a small profit-dip.
We'll see.
GLD gapping up, almost 163's. Very important area today, if breaks out above 163/ ma50'ish we could see a nice squeeze like in SLV.
Along SINA, SLV + GLD will be high on my list today and this week.
SPX/ SPY: Market full retard ahead! Up and up :)
Yup, Silver futures up, very good sign. Gold futures up too. I think both SLV + GLD could have a great week with the current momentum. Watch when GLD breaks out above ma50 too it could trigger a nice squeeze like SLV did.
SINA chart:
The momentum is here, I think she goes higher this week as previously noted. As long as general market doesn't fall.
Futures down and the Silver futures dipped a little too. Might not mean much for tomorrow as usually the market's have been up despite Futures red the night before.
I'll happily take a lil dip/ retrace in SLV tomorrow tho to load up :)
Correct. I'd hold for volatility on this momentum after this break-out, not wait til Friday. Depending how fast it moves maybe just trade it intra-day or hold until Tuesday/ Wednesday max.
We'll see. I think SLV is also attractive for longer term Options on this reversal. It got crushed down quite a bit and now on it's way back up.
Not this week. SLV filling that gap to 39 at some point is a given but not this coming week. 34's is doable. But no guarantee as usually. We have to see how the general market's open and how SLV performs tomorrow.
I was able to lower my commission fee's at TDA from 9.99 to 7.00 and .65 per contract. Just say you got an offer from OptionHouse and you're considering to switch if TDA doesn't lower fee's.
That said, cheaper doesn't always mean better. TDA with ThinkOrSwim application/ platform provides the best trading tool out there, especially for Options. That platform is worth the slightly higher fee's in the end.
When you do it make sure not to post it here or jimmybob will ban you ;)
lol j/k
Can you imagine trading the SPX Options with $1 million dollars (close to or in the money Weeklies), weeeeeeeee :)
Gold Outlook | Is Gold Completing A Gartley “ABC” Correction?:
http://www.leadingtrader.com/01/gold-outlook-is-gold-completing-a-gartley-abc-correction/
GLD + SLV tards: Your opinion please :) Do you think the momentum is good for SLV to continue and possibly get to 35 this coming week? What about GLD, do you agree it could break out above ma50 and have a nice squeeze?
Looking for some opinions. I personally think they have good momentum. But maybe i'm just drinking the GLD/SLV tard koolaid?
I think you're right. Generally I see some more uptrend in markets and in most stocks and in early February the big correction.
And i don't understand much of the CAT industry and don't have more insight into its business to know if they'll have a good earnings report or not. Either way it's always a gamble and often unexpected happens (see GOOG).
But looking at the general chart of CAT i think after the 110 gap close there'll be a nice quick correction.
I thought when that black doji was formed it signaled a top but in the past few days there were so many black candles/ doji's created in so many stocks and then they just went up more that those (usually great) indicators meant nothing.
CAT is ready for Puts soon if not already, check out its RSI, but to make sure i'd probably hedge with some Calls into earnings. I have no idea what CAT will do on earnings, most of the time earnings are a gamble-play (see GOOG, "who'd thunken"). So maybe CAT will fill that gap to 110 before earnings, who knows and then take a dive.
SHLD unreal squeeze, touched the ma50 and that was the resistance. It could be resistance now after gap closed and so much up/ overbought but if it breaks above ma50 on Monday, more pain for shorts: http://stockcharts.com/h-sc/ui?s=shld
It's a stock with low public float and tons of shorts in it.
SINA: This is my opinion:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71126431
The ma50 break/ out above is a very bullish signal with MACD/ RSI upwards momentum and not overbought yet. Lot of shorts in the stock too that will continue to cover.
Yes it was up last few days but so was any other stock that had a big squeeze from oversold levels (incl NFLX, SHLD, etc). Being up for days doesn't mean anything, it's T/A and other factors that matter.
Of course anything can happen in markets or if the general market (SPY/ SPX) take a dive then all charts don't work much but i believe this uptrend will continue for SINA.
SINA not just coming up from oversold levels but now more and more Anal-ysts upgrading it again and more positive news from China.
There's a small gap in 73 which could be closed this next week possibly.
Sick results! Congrats. You're on a roll lately...
SHLD almost 50 UNREAL SQUEEZE! Watch the ma50 at exactly 50's, if it breaks above, more pain for shorts!
My last post for today. Might enter SINA for next week Weeklies later, momentum is good.
Happy weekend all in advance
SHLD Jan 40 Calls now 9.00+ / If i only kept my .15 avg Calls I'd have had that home-run style trade almost :)