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Watch out below! Key reversal day on COMP DOW NDX SPX & SOX daily charts.
Damage now, opportunity later this week. IMO
Not yet, more damage to come. IMO.
I think your chance will come at around 2100 or so this week.
I thought QLGC gave a sell signal a week ago
Thanks, I took a dollar from yesterday's PLMO this am.
Zeev, are you looking at RIMM as a hold or a quick trade? TIA.
OK thanks
Back on the short side with QQQQ & SMH
Good one et
Not getting my expected pullback today so I covered my remaing shorts from last week. A 6% gain overall, not bad but I expected more.
Flight to quality? DOW getting close to Friday's high again, COMP NDX and QQQQ not close at all.
I think it's DOA.
Already feels like yesterday's G & C.
Bought PLMO this morning along with some GERN.
Flat final hour. Covered 1/3 of my shorts at the close. Plan for now is to cover another 1/3 tomorrow and final 1/3 Wednesday.
Many will be away. It is the lightest volume week of the year. If the market is weak until Wednesday, I would guess Thursday will be higher and next week will be a drift in either direction. IMO
Good luck to both of us! I think we make a low this week Wednesday.
Nice reversal off this mornings gap. Looking for some last hour weakness.
Interesting that DOW NDX and QQQQ nearly touched Friday's high and began to fall back down. I'll likely cover shorts if Friday's high is taken out today.
Looks like a bearish gravestone doji on the weekly COMP chart. Confirms my negative short term view. Should see lower prices by mid week at the latest. IMO.
It's nice when a plan comes together.
You are going to miss the afternon dump
Maybe 10739.33 was the top.
I doubt market gets much bounce today. DOW strength indication of flight to safety. Probably a drifting kind of day, with a downward bias. IMO.
I believe the adjustment is .3786
I'm betting on a fizzle. I'll use protective buy stops rather than buying a dip for now.
Dip buying is a given. Question is whether dip buying will be rewarded or fizzle into another sell off.
Enough, enough, Don't jinx things!
Thats enough!
How much more are you looking for with OVTI? I shorted it @ 17.51 this a.m. TIA.
Good luck to us both, I'm loaded with shorts. Sentiment is overly bullish. Nobody left to buy. IMO.
Bullish sentiment has greased the slide for a nice ride down. IMO.
Adding shorts here at 2171
Jim, today is my change of direction point. I'm often wrong but rarely uncertain. <g>
Starting shorts here at 2161.
Took gains on yesterday's longs. Flat until the Fed announcement.
Thanks, market painting a pretty picture for today's rate hike.
Took .60 on OVTI @ 17.00
Good advice Zeev. Reminds me of two truisms. You can never go broke by taking a profit and don't look back, someone may be gaining on you.