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Covered SPY at 117.06 for .27. Heading into the weekend still short SMH and cash.
Maybe 2055 was the end of wave 2 of 3 and we are now beginning wave 3 of 3 down.
So far, 2055 is good resistance again today.
Looks like 2055 was good resistance.
Shorted some SPY at 117.33
You may be right, unless it's the end of an up wave. Like I said, I don't have high confidence in this trade.
Trend day you say? Maybe, I have resistance at 2055, but not a high confidence. This bounce could be a wave 2 of 3, so the possibility of a 3 of 3 to follow leads me to short.
Shorted some SMH at 31.15
Good question, I think 2065 will be tough to break near term. I was a early on my entries last Friday but averaged down and the past two days gave me a decent payday. Maybe I'll look to re-enter on a pullback toward weeks end.
2046 is a nice close. Took advantage by selling QQQQ for .26 SMH for .78 DECK for 1.75 and INTC for .24.
It does, 2050 would be a nice close.
Maybe the market will close near the day's high for a change today.
I hope your timing is better than your last Timber on 10/25! That was a perfect bottom call.
Isn't it a little late to have a sell on GERN today at 7.70? I thought the sell was on 1/19 at 9.80
Really, DOW up 150 points in a day is a good start. IMO.
Pre Iraq election market pattern repeating market pattern of pre U.S. election. Weakness until a week prior, followed by a strong rally.
Piper Jaffrey ups DECK to Outperform from Mkt. Perform
Late day fizzle a disappointment, but still a positive day. Something for the bulls and something for the bears.
Bought DECK at 35.45.
Worth at least a decent bounce. IMO
Are you calling a bottom AGAIN?
Added to long QQQQ at 36.91 and SMH at 30.04.
Darkest before dawn? It's almost black now.
GERN moving up
LONG QQQQ at 36.95 and SMH at 29.95
Another G&C or an attempt back to Thursday's open at 2065? Everyone is expecting a G&C so maybe a 2065 attempt before further weakness.
Back in GERN at 8.30. 1/2 position
Nice chart. I went long INTC at 22.41 Friday. It has bounced off 21.40 area 8 times over the last 2 months while forming a bullish looking wedge.
Worst start for markets since 1982. That year was a real bear until August which marked the beginning of the great bull. Different fundamentals than today. 30 year bond rates were topping near 18%.
Yesterday's gap down and today's sideways move has created an island on the COMP chart. Continued sideways movement today and Monday would set up another nice gap potential for Tuesday morning. My bet for now would be a gap down.
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Covered remaining SMH short at 30.66 for + .84. All cash now and finishes a good week.
Covered BRCM for .33. I'll wait until next week to load up on shorts. Going into the weekend short SMH and cash.
Covered 1/2 SMH short at 30.77 for .15 loss. Holding 1/2 short from 3150.
Drats, when I got nervous on the market I was selling longs. Cannot look back because others that I unloaded have dropped.
Thanks Zeev, If 2040 should break next week do you have a spot where you change your opinion on the rally into February. I think the downside target is the 200 SMA near 1975. TIA.
Wow, SYNA at 35. My buy two weeks ago was perfect, but did not stay with it long enough
Zeev, how did you arrive at your 2040-50 target? Is it a previous support area, fib number or something else. TIA.
I think yesterday's high will keep things in check. I'll be re-shorting QQQQ near 37.80.