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Thanks UPB,
Looking at CMG holding around 430. If holds all day may take 445 position before close since someone has a major buy at around 428-430
Sellers coming back in to the market this P.M. This time looks institutional.
NASDAQ hitting major resistance at 4860 with the 5 day SMA as support and the 10 day SMA as resistance. Look for a sputter here
Hello Everyone,
Looks like FSLR is trying to break the 70 barrier. If broken next stop 67.8.
FUEL holding bottom. It seems like a pop is coming soon???
Looking at 35.5 puts but will watch before close on how this will go. Russia could retaliate this weekend and the market could swing Monday.
X starting to break down from the nose bleed RSI. MACD turning. Next week should see X turn back to the 35.50-36.00 range.
X shares is getting bought up by two huge hedge funds. On watch for volume to dry up. RSI scorching hot right now.
Looks like FUEL putting in a Bottom?
Afternoon everyone:
been a long time since my last post here. Looking a X (U.S. Steel). RSI over 85.5, and so far a reverse hammer top. Looking for a fade back to 35 for the next leg up.
Market starting to turn. Bears coming to dinner.
Will be on the sidelines for now awaiting another pullback signal.
CREE moving. Watching for a pullback Monday. if it does pullback to the 49, I will initiate "The Boom" on 53 calls.
TLT now 112.5. Better late than never
If NFLX does not reach 426 by EOD, watch for a pullback to the 400-412 area next week. Reasoning is, the 9 day leading indicator on the ichimoku was the support for NFLX, now it is resistance. The 26 day trailing indicator sits at 375, meaning that NFLX has a 33% possibility of a 50% retrace between the 9 day leading and 26 day trailing, and a 47% probability of a 35% retrace between the two. Only the prior weeks pivot point showing 415, and the 20Dma at 407 has support for NFLX.
CREE on the move. Nice breakout candle on the daily. looking to break the 50Dma then a move over 53.
Thanks. My market timers was showing a roll over on Tuesday. looking at TLT making a gap in the am once Chinese markets opens up tonight.
China and EU looking to make major purchases into US treasuries. This is a nice catalyst since the sale today was huge.
TLT should have a nice gap in the am.
TLT breakout and Running. 113 coming
TLT trying for HOD.
UPB.
Another sell coming due to treasuries rising so fast.
Chubby Chaser I have 112.5 call for this week. The volume is rising and the chart is showing a nice white candle here. Why I believe this is Iraq. This is getting bigger by the minute. peeps are putting back into treasuries from the market run the last 3 weeks.
TLT making another run.
TLT going to run hard into close and gap in the am. Tweets abound about TLT.
My trading strategy for the next couple of sessions is to watch for the dips to get ever wider, stay 100% liquid and wait for the change of direction short term. With the fear gauge down to lows, it will take a few dips to start moving the needle back as peeps start to get a little nervous. Timing is everything here.
The below image is of credit balances. The people at advisor perspectives did something peculiar here, they inverted the SPY showing how it correlates to negative balance and vise versa.
[img]www.advisorperspectives.com/dshort/charts/markets/NYSE-investor-credit-SPX-since-1995-inverted.gif
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I do believe a pullback is imminent. The reasoning is, the dips are getting deeper as each day progresses. This will eventually stall the bulls. I am awaiting a confirmation on a two day rise in the VIX and a fall in the XIV. This will confirm that a trend towards a 3-5% correction will establish itself. Tomorrow will be the first test of this trend change from today.
Be careful with PCLN and BIDU. Jim Cramer just gave them a buy rating. Look out below.
PCLN on alert for a FIB retrace next week. PCLN has been bucking the S&P for three days now.
IBM HOD 187.66. Reached target of 187.5
Yes Sir.
TSLA starting to break.
AMZN looking at a possible 330-335 tomorrow. On watch for a pullback to the 320 area, if it does not, will pull trigger in the morning.
Yes Sir. Just watching for the Draghi conference highlights. Just seeing a movement in the next week or two, from high momo stocks in the US to European markets oversold areas.
GOOGL needs to break here at the trailing Ichimoku line. Once broken, clear skies to 570-575 area.
GOOGL running.
NFLX on watch for resistance breakdown.
GOOGL has broken resistance at the 558 area. Could see the 563 area for next resistance point.
Good luck.
Agree, resistance here is trying to break. The 50Dma has been broken and the leading indicator for the Ichimoku cloud has been penetrated. It now depends if this holds ground for the next leg to the 212-213 area.