Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I wondered if you were going to call me out on that one. lol. But fundies run the long term. They tend to take positions that last. They don't swing so much. They are more important in my mind than hedgie crooks. A more up to date chart would be nice, but that is the one I came across. I suspect there is more up to date info. I have to search some more, but the reality is fundies don't switch overnight. They take time to enter and to exit positions so out of date can work here if looking at fundies.
To go higher, the market needs the fundies buying. Fundies are the middle of the road. If fundies are net buying, the market averages higher. If fundies are net selling the market averages lower. Fundies can outperform, but rarely do so for long. They always tend to the average. Hedgies on the other hand can spectacularly outperform, or they can implode in an equally spectacular manner like a star burning out. That out of date chart can still have meaning if the fundies aren't coming in here and I suspect they are very reluctant to buy what is looking like a top forming.
Mrs. Doubtfire may be trying to help out the fundies by jawboning the market lower. When was the last time a Fed head jawboned the market lower? I can't remember. Fundies do want to buy. They have to. They just don't want to buy here. I guess that was where I was trying to go. It might only make sense in my damaged mind. lol.
Mrs. Doubtfire should stop worrying about market valuations and shut her yap. If she is so worried about market valuations, maybe she should stop giving free money to crooks.
http://www.streetinsider.com/Fed/UPDATE%3A+Social+MediaBiotech+Stocks+React+as+Yellen+Says+Valuations+Appear+Substantially+Stretched/9661272.html
KNDI... Move looks very overdone, but nothing moves stocks up like gubermint subsidies. Increases sales also big boost. Very overbought, but still room to move higher with shorts covering. Expect buying pressure to extend into earnings 8/13. Calls can be bought on dips. Do not buy calls today. They will get hammered on even the slightest move down. Wait for the dip. Also expect holding over earnings to be high risk. Best not to play earnings without hedge.
Inflation is for little people. Fed doesn't recognize little people.
Paper gold shorts may have pushed their luck too far...
http://coinbullion.net/2014/07/histories-largest-gold-silver-short-squeeze-making/
Typical Fed money pump fraud around FOMC meeting. Early in the day gives mindless tradebot up down yoyo in tight range followed by head fake spike down into meeting followed by Fed money pump spike post meeting. It's probably best to temporarily lift stops as yoyo is designed to hit both ways. As usual crooks win.
http://www.bloomberg.com/news/2014-07-09/dollar-fluctuates-as-fed-releases-minutes-of-june-policy-meeting.html
TLT up??? But, but, but Fed is there to save too big to fail crooks. What a scam...
Nice Fed money pump fraud crook action. Stop run followed by Fed crook money pump lie fraud. Mrs. Doubtfire must have promised an expanded free money for crooks forever program funded with other peoples money. This Fed based fraud is getting old.
5 minute Fed fraud yoyo. Fed chew toy is not a market...
MCP... This stock is an unmitigated disaster. It will soon join PAL in penny hell.
http://seekingalpha.com/article/2305785-vultures-circling-molycorp-dilutive-event-could-happen-within-weeks
Found this screed quoted on a forum. Source was not revealed. Would be nice to know as this is spot on.
The bears can say they have an open gap now. This hasn't been the case of any magnitude in quite some time as this gap is decent in size. The bears need a second gap down in the next few days without allowing the bulls to fill this open gap. If that does indeed take place then the bears will get more aggressive. Two open gaps make a bear very happy as they know they will be defended on any attempt to get back through. Monday was an important first step, but it is only step number one and to take it a bit further, the volume on the gap down was not strong enough to give the bears that all-over fuzzy feeling.
It's not surprising that Monday's move lower was on weak volume as the bears have been burned repeatedly trying to front run a move lower, so it'll probably take that second gap and run lower to get more volume to pour in, as only then will the bears feel more in control and thus willing to take more risks. So Monday was day one in an attempt to change the bullish trend in place. One day does not change a trend, but that second gap and run surely will if the bears can make it happen sometime this week. Again, without allowing the bulls to fill Monday's gap lower. The chance is there. Opportunity is knocking for the bears. They need to seize the moment. We'll only know what they can succeed within the next few days.
There is so much to study and understand when deciding what is happening bigger picture. You look at oscillators versus price first. Are the oscillators moving down hard as price sells or is price pulling back while the oscillators mostly hold? You need to study volume. Volume is very over-rated for the most part. Volume is only important at key moments in a market's evolution. When clearing critical resistance. When losing massive support, or when a market trend is truly changing.
There was no volume to speak of Monday and clearly the oscillators were far from bearish in nature. For now it appears the selling is pullback in nature. Not corrective and clearly not bearish. This doesn't mean that things won't change as the week moves along, but you take each day for what it offers up and go from there. Don't over think. See what's in front of you and adapt. For now, this looks like an overbought pullback and nothing more. But let time dictate if that changes for us. As always, one day at a time and adjust to what you see taking place. Don't front run.
The market is dealing with the usual problems. It's actually out of control, but the low rates environment is making it difficult to get this market lower, even though it desperately needs to do so to allow playing the long side easier and without so much risk. Risk is off the charts here. I don't care if the market goes up for months to come. Each and every day is full of massive risk, and all of you need to do is at least make friends with that reality so you can play more appropriately. It's actually a no-fun market environment. Nothing is safe nor easy for either side. A good correction would be incredibly helpful. We don't know when it'll come, but it can come out of the blue without notice nor provocation.
Keep alert. Don't let your guard down. Stay slightly long, but don't play from greed for now. Do what feels right to you, of course, but don't turn away from reality.
USU short insanity. There were a large number of shorts on this before the DOE cash infusion wrecked their world. Why there would be so many shorts on a sub $5 stock has to make one wonder. Of course the only answer is USU was going fail. It probably still will fail as I suspect it will face an ongoing and severe liquidity crisis. This one is PAL's long lost cousin. Sure if they can find enough cash to survive the uranium soft spot then maybe, but that is just hope and trading on hope doesn't work. We are in better uranium plays. USU is just bag holder bait for the stocktwits crowd.
http://www.nasdaq.com/symbol/usu/short-interest
USU gets a tiny infusion of cash from the DOE...
USEC rises after getting added $2.5M funds under DOE agreement - USEC (USU) disclosed in a regulatory filing yesterday
Price explodes in an orgy of short covering. Who shorts an under $5 stock anyway? Meanwhile the balance sheet bleeds a sea of red ink. This one will make an excellent short again as there is no way this price explosion is backed by any reality other than a bleak one. There are way better nukes to play that are on the spec list in the intro.
http://finance.yahoo.com/q/is?s=usu
SA has a puff piece on this one. Can't find the link. USU is suppose to emerge from Chapter 11 this summer. I have no date. The problem is that USU is going to require constant inflows of cash to survive the continuing uranium soft spot. This could lead to a liquidity crisis at some point and USU collapses back to penny status. See PAL for an example. USU is not worth chasing here. If it can survive the soft spot, then maybe it will be worth chasing, but that will be another day that may never come on "As the Equity Bubble Turns."
The real truth about SP500 1st quarter earnings. The Fed bubble built on generational theft and lies continues to expand. Heap big trouble coming.
http://etfdailynews.com/2014/07/01/the-truth-about-first-quarter-sp-500-earnings/
PLUG needs lots of hype to move up. Funnymentals won't do it. Don't worry there is still plenty of hype left in PLUG. Speaking of hype did you see this? This the the zen master of hype.
http://www.bloomberg.com/news/2014-06-25/gopro-touts-content-ahead-of-ipo-for-higher-value-than-cameras.html
They are all crooks indeed. Hard to know what is fact and what is fiction in these stories. Just too many crooks involved to get any straight facts. One thing for certain, the truth is far from what we are being told.
Speaking of crooks... 5 min yoyo shows plenty of crook HFT action. Crooks own this market.
How deep does the rabbit hole go?
http://www.veteranstoday.com/2014/04/21/lee-wanta-American-hero/
PLUG... With IV's in the 80's, I prefer to be a premium seller with this one either covered writes or short puts. I plan on selling calls against the shares I bought. Hopefully I can get through a few OPEX cycles before being called out or the stock collapses in price like PRAN did to me.
Did I say I was a PRAN bag holder? Well more like a coin purse. Only have 100 shares left. lol. I'm considering buying some PRAN shares if this thing starts to look like it wants work on that gap. It's not ready yet.
Scams. lol. What isn't a scam these days? Doesn't matter as a trader as long as you are banking coin. I'm finally starting to get the hype is where you want to be. That is where the fast money is going to go. The trick is buying right and not chasing too much. Just don't overstay your welcome. Nobody who bought SCTY last week is complaining this week. The move was all hype and there are better solars to own. Only the shorts care. Tough to find any solars this week that are oversold. Speaking of oversold here is one worth looking at and it's not solar and it is profitable with a reasonable valuation. It is also a nuke play. Nuke infrastructure.
Price upgrade stops the bleeding, but is there an entry here? That long tail candle sure looks like a reversal.
http://www.forbes.com/sites/dividendchannel/2014/06/17/chicago-bridge-iron-is-now-oversold-cbi-2/
PLUG breaking out from a very tight BB squeeze. This is a buy signal and I am buying an entry position. Actually the first close above the upper band is a buy signal so I am early unless going by CCI then I am late. lol. I am not worried about being a little late here as break outs from BB squeezes can give the most explosive gains. I am also buying not too far above support and my first buy is my smallest buy. I will add if it starts to move above the 50 dma. I am going long some PLUG. May the markets have mercy on my accounts.
Look at that super tight BB squeeze...
YHOO options revisit...
June contracts seeing not much activity. They are done on Friday anyway so there is nothing there.
July is seeing heavy put buying in the 30, 34 and 35 strikes. Looks like some short term hedging and some swing trading going on here. I have no interest in July puts at this point and I don't see it as anything bearish longer term.
Further out the August and October contracts are seeing more call buying than put buying. Clearly the outlook is longer term and that should be the focus. With IV's in the 30's and with the price pullback, those Oct 40 calls have come in nicely and represent a low risk entry to the IPO play. The 38 calls, however, may offer a better opportunity for a low risk entry that is not too far OTM when playing the October calls. There should be some swing play round trip opportunities as well.
Right here I'm liking the Oct 38 calls the best. If you want to plat at the money then consider the August contracts. IV's are not too high and there is no need to spread. RSI(5) has reached oversold. CCI(18) not quite but close. Too early for a signal yet, but probably not too early for an entry unless Mrs. Doubtfire craps all over the market this afternoon. I doubt she will.
Market shows signs of being very tired, but won't quit because the Fed won't quit. Same tired fiscal policy gives us the same tired bull. Talking heads think the market has under-reacted to the disaster in Iraq, in the Ukraine, etc, etc. The reason is the market reacts to the Fed first, second, and last. All else is fluff. When the market stops reacting to the Fed, the market will heading lower as in free falling. Que up Tom Petty...
KNDI bulls are on it. KNDI moves above 14. This is trying to break out from a 2.5 month base. There is room to move here even if this is not at the best buy point. I looked at options and IV's are high and the spreads are too wide except for mybe the July's and I don't want July's except for a daytrade or a short swing. I don't like that here because I am too late. That leaves the best option to just buy some shares. Not too many and sell July calls against each 100 shares you buy when KNDI hits 15 which will be stronger resistance. Given the strength I am seeing I expect KNDI to hit 15.
As I have typed this KNDI moved strongly above 14. It is up over 8% on the day so now I am really late. At this point it might be best to hope for a pullback or if buying 100 shares immediately sell that July 15 call to get a hedge for waiting too long to buy. Volume is a bit light so there might be a mini pullback to get a better entry. I still want to sell that call once I get in as that premium is too fat to pass up.
I'm just a retail slob. I'm not very good at this. I spent years trying to do better and still screw up. You see I have some huge mental issue with moves that I can't justify with fundamentals somehow, but that is a mistake. In reality it doesn't matter why a price move happens as long as you get on the right side. Money rotation happens. Profit taking happens. The signs can be seen in the charts, one just has to recognize it. Buying at support. Selling at resistance. Oversold? Overbought? Volume? No fundamental reason for a move, but there was a signal right? No need to complicate it, but that is what I do. I feel the need to analyze it and analyze it some more. Meantime the move is happening... happened. At support now? Too late. Now chasing. Chasing increases risk. Could have kept it simple by buying near support and using a stop just under to not become a bag holder. Being a bag holder sucks. That is what happens when you complicate things. The very thing Kiy admonishes against. The very thing I so often do.
Well... enough. Thanks for the compliment, but be careful with what I post. I have a very chaotic mind and that last post was getting a bit chaotic. YHOO to solar? Solar? Did you see the signal? It was there. I missed it. If I want in now I have to chase. Could still go higher. There is room, but those pesky sellers are waiting overhead. They already bought and are looking for someone to give them their profits. Might be me. lol.
YHOO broke intraday support. Looks to test 34. Might be some follow through weakness on the Alibaba news that means nothing. Just let's RoBoTs play games. Meanwhile, overextended overpriced high flyers continue to fly on FOMCrook hopes for further QE of any sort to continue to fund the insanity. Solar catching strong interest on oil spike. Since the oil spike is a farce, the solar spike is the same. Money rotation. Profit taking will slam the late buyers. Always does. There are no exceptions.
YHOO. Might be the time to sell some July 34 puts. Support is at 34, 33 to 32. That support has yet to be tested. Dip buyers stepped in, but not being very aggressive. Below 32 becomes more problematic. Don't sell puts if don't want to own stock, buy Oct calls instead. Pick your strike. Not too far OTM.
FOMCrooks meeting on Wed. Expect money pump as SOP. Fed rumored to delay taper. Does it matter? Free money for crooks forever. Fed has to protect it's precious equity bubble.
NOV. Dip buyers couldn't contain themselves. Only allowed one day down, but is there enough in this bounce to try to take it new highs? I'm thinking no, and this one needs to come in a bit more. As always, dip buyers have the final say. Bears? They are nothing more than a mythical creature that supposedly existed at one time.
Thanks. Needed more editing though. Energy is strong today. Oil is spiking. Might have something to do with this among other things...
http://www.dailymail.co.uk/news/article-2654861/Escape-Mosul-150-000-Iraqis-overnight-refugees-flee-terror-al-Qaeda-splinter-group-taken-countrys-second-biggest-city.html
FIFA. It's not a stock. These guys should be a central bank. Crikey I knew none of this.