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My China eval; LOL
I checked 2 sectors that the US is large in China, to see if the market correction is effecting them and something interesting popped up.
Major US cars were down for the Q, 13 to 8%; the rich are scared over there.
Major US restaurants to were up for the Q, McD's 1% to Domino's & Yum 13%. The middle class could care less.
LOL
Oh yea Tesla motors is up 22% and the only car manufacturer that is green; (not counting blue bird the Bus company) of all China, Japan, India, UK, & US manufacturers. Guess the uber rich know something others don't.
You got that right. The LOL part. Greece problem has been known about for weeks. IMO the algo's were set and the HFT computers cause this 2%. High freq trading will adjust tomorrow and take advantage of the across the board buying OP's.
Watch
Keep an eye on the once strong ocean shipping sector. FREE is the one I have hopes for. Two others which were popular a few years ago and completely broke down are SHIP & DRYS. IMO anyone of these could be takeover candidates. And after reaching bottoms below the $1 level, may bounce quickly, even without takeover news. Because they have to stay listed, to hope for some successful shipping company to save their asses. Many times, major deep pockets owners; will buy up the price, to keep their investment listed. While looking for a buyer.
The shipping sector is down 26% for the year, up 6.4% for 6 months, and up 7.1% for 3 months. Improving rather fast for a lager sector.
Just some food for thought!
Yep S&P not continuing.
My son lives outside of Houston and said there were new lakes popping up every where, that just appeared. LOL
Resent price action from a dead stock usually means 1 of 2 things. Prep work for darkside move or empty shell shift. Either normally take 3 to 6 months. with a shell shift dormant another 3 to 6 month before action.
Have a great June to you also. I,ve been passing need, and a little over want targets this year so far. Meeting goal will require S&P breakout.
Long term moving averages being positive, for a change, should lift the sentiment for a gradual increase. Short term expect to see 2.35 channel bottom at least. before bounce for 2.95 channel top.
AMBS
http://stockcharts.com/h-sc/ui?s=AMBS&p=D&yr=0&mn=6&dy=0&id=p64569361111
Never believe the story, trade the chart. I'm late, but the chart says the darkside sold it's shares. Should be over.
Ps; typical funding pull down chart, before they do the deal and sell their new shares in a manipulated run.
Actually this is the 2nd OTC stock which presented the old OTC charm. Maybe the darkside is having a comeback????
I don't see it.
LOL scary isn't it. Look what HFT (high freq Trading) and banks getting; money for nothing & their checks for free; has presented the little guy an opportunity, along with the big guys.
The way I think of it all is "Do what the big guys do!" They always get what they want. I traded 2003 to 2008 and am 2009 to ???. It's a living.
You continue to seem to miss my point. We trade the market. So when the market is going up, trade it. We invest in the future, so if the future looks bad to one, don't invest.
I pretty much gave up on complaining about the United States of corporations. It's what it is. The last time the corps/ banks greed kicked the public in the teeth. I just stopped trading for a year. Mean while IMO, trade what the big guys give us!
PS; the VIX is at lows again. And the 3x bear ETF's not doing well. It is what it is and I intend to make money while it's positive.
ADDED some to RSO, my divvy today. New buying op low reached.
CGRA gaps
This one actually looks like a pond fishing play. Haven't seen 1 in over a year. May indicate the darkside of the OTC is ready to play again.
Pond fishing play;
Over a 6 month chart you see 3 volume spikes; while price is flat along the bottom. Buy the 3rd volume spike small. The price will pop past resistance, Buy larger. This is the attention pop !!!There is usually 3 flag pattern steps up and the play is over. Trade the flag patterns.
A gap is the difference in price between the previous days close and the next days open. Price lower Gap down; Price higher Gap up.
Gaps are filled (satisfied); when a candle body reaches that price level. NOT a candle tail !
USAC looks like it's on the move again, without any retrace. Flag target $27.
http://stockcharts.com/h-sc/ui?s=USAC&p=D&yr=0&mn=3&dy=0&id=p48758989772
Long time bud. Still kicking. Very possible a correction is in the cards soon.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113383392
You just creeped me out. Last night @ 11pm +/-, about the same time you posted. My dead father slammed a door very hard in my kitchen, while I was making a hotdog there. NO wind involved or possible. Just bang! the door slammed closed. At least I think it was him again. I & Several people have had minor experiences with him, since I bought our home from my mom, when he passed.
I said "OK you got my attention, but what do you want" LOL no response. Now your getting feelings after a long time not posting. Humm Had a dream last night someone broke in the house thru the garage entrance, into the laundry room. Think I'll lock that door for a change.
Slamming door: break-in dream about normally unlocked door; and your concern out of the blue. I'm starting to get concerned. LOL
Too early; the bottom hasn't been long enough to fit the pattern. It has the 3 volume spikes, but the bottom is usually 5 or 6 months. Worth watching a few months more. But I wouldn't expect any real action until you see a 3 day price pop also.
Feb chart post on oil.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110713577&txt2find=oil
If S&P has a correction, just like to mention in Feb, I said play oil when it breaks $62.50 resistance and I expected that to happen in late spring. Well it did 3 weeks ago. http://stockcharts.com/h-sc/ui?s=%24BRENT&p=D&yr=0&mn=6&dy=0&id=p89929403056
I researched the sector fields and decided the Oil & Gas Equipment & Services sector was the best place to be at the beginning of a come back in oil. Money flows into expansion first. Picked up some USAC 2 weeks ago as it had a steady climb & 9% divvy. Which I got, entering just before the divvy X date. So I got 9% no matter where price goes now, but plan to hold for the oil come back.
It's hit resistance and may have a retrace buying op soon. X date was May 1st so new entries will miss this Q divvy.
At any rate; enough about my plays & plans, but:
It's TIME to think oil sector, IMO.
Ps; 3 down days in a row and it's to the side lines for me. Lets see what tomorrow brings? S&P 2080 support needs to hold. TA officially bad now.
Still need a divvy. Thank for up date. Potential there.
Keep an eye on COT. As the S&P goes, COT will go. Nice flag gain waiting. Also just passed the 68% FIBs line on a "V" bottom. Watch my video on "V" bottoms.
http://stockcharts.com/h-sc/ui?s=COT&p=D&yr=0&mn=6&dy=0&id=p93317337271
Throwing up a caution on the market. S&P chart has a positive ascending triangle, calling for a new high to 2160 over the next several months.
But at the same time TA is negative and lately there has been large daily price fluxes and most have been down days. Also the smaller gain up days have rebounded from lows during the day.
All this is telling me traders are negative and investors positive. Traders normally win and if the ascending triangle doesn't break 2118 soon , it may be time for the sidelines.
Hope for break, but my small caps have been flat after entry on chart patterns. And that isn't good. The market needs something from the real world to change traders sentiments IMO. While the phycology is up, sentiment is stalled with slightly negative down pressure.
IMO keep your finger on the sell trigger for this week.
Never call a bottom until it reverses AND crosses first resistance.
Ps' what happened to CIM price. Did a split? Use to be in the 3 dollar range?
I use 2,4,8 on daily and 5,10,20 on monthly.
GORO top throw back break tomorrow???
http://stockcharts.com/h-sc/ui?s=GORO&p=D&yr=0&mn=3&dy=0&id=p13206207555
GORO chart
Ps, I have played this stock several times in 2014. Now once in 2015 for 8% +/- and expect a re-entry soon for larger gain. Damn bear flag scared me there for a few days. But 61% Fib's was my entry signal and it held as support. LOL Plan the trade and trade the plan!
Note there is also a mid term double bottom.
Target for short "V" bottom & mid term double is 4.15 & $4.35.
Play at your own risk.
Just sold GORO on "V" bottom 1st stage. Heads up for retrace and new run.
http://stockcharts.com/h-sc/ui?s=GORO&p=D&yr=0&mn=3&dy=0&id=p05581721206
Check out how "V" bottoms work.
S&P chart says get ready for a pop.
Watch for 1 more small retrace and a breakout, of the short term Green ascending triangle. Should reach 2118 previous high, on that. Then mid term pattern calls for continuation higher. 2165 mid term target, over next several months.
ADX @ 10 (strong move coming) is the support for mid term pattern to reach target.
Volume falling & support indicators conflict says everyone is adding slowly for what happens next.
S&P chart says get ready for a climb.
Buying op
Picked up some RSO a diversified REIT, on the buying op crash.
Divvy history nice, just did a offering, had OK Q4 and the bottom fell out! The March divvy was reduces. 1st time since April 2012, so price should stay low for a while. Climbing out of the hole now. Already made some gain if was to sell. But expect to hold unless divvy cut again, next Q. Doubt that, no bad company news and their raising cash again.
MY basis is 17%+/-, 40% institutional is OK and less then 3% shorts. Price wise looks like $5.00 has been true value the past 2 years. So any entry now should show divvy + gain in the future.
NOT a recommendation to buy. Just why I did.
http://www.finviz.com/quote.ashx?t=RSO&ty=c&ta=1&p=d&b=1
http://stockcharts.com/h-sc/ui?s=RSO&p=D&yr=3&mn=0&dy=0&id=p90853688445
Oh yea, the EX date is March 27th. So if one researches and decides to enter. Got to beat the EX date for this Q divvy. 2 days
Guess your not kidding me. Love it; know nothing pennylanders moving into one of the most complex trading facilities, Options. LOL
Got to love high Risk. Guess some can't live without little cash, all or nothing trading. Chasing large gains.
Not my cup of tea!
Yes That's a large gap down caused by bad news. It's an island reversal. But one not worth following. As "Q" stands for involved in bankruptcy proceedings . That takes lots longer then 3 to 6 months to clear up.
CIM quart report did well.
Keep an eye on HART. I like the odds for double bottom run to 6 bucks. Needs next resistance break @ $4.55 for me to play. Broke top resistance @ $4.00 last week. But no strong support yet.
Just announced public offering. This is good for growth, bad for dilution. And financials due March 19. Something should happen soon.
If it breaks $4.55 will be a nice gain.
http://stockcharts.com/h-sc/ui?s=HART&p=D&yr=0&mn=6&dy=0&id=p00757847689
Oh yea, no shorts any longer under 2%
Any rumor news about the Repub's giving the governments money stream back to the corporate world. Yet?? I haven't been following politics' at all. The courts are always slow.