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Thanks Zeev, I would feel better if I had not covered my short from above 20 at 18.40 last week
joined you at 16.40 Zeev.
Bear, instinctive call. Market has whipsaw pattern so far this month. Sometimes that precedes directional change. I just covered my QQQQ and SMH from Friday for breakeven. Bought a couple of longs for a run into tomorrow's meeting. I'll probably sell the rally after the rate increase and go short. That's the plan for now.
Pre Fed meeting distribution markup to be followed by an end of week dump. IMO
Looks like higher prices for the Fed meeting.
Changes should make NDX more volitile
I hope you are right. My stop is 2140
Why today?
took gains on yesterday's longs this morning @ 2130 and shorted QQQQ SMH
Bullish doji on Sox chart yesterday. Mirror image of last Friday.
Got my 20 points. I think more upside coming.
It's magic! Hoping for another 20 NAZ points,
NSM numbers look good. IMO
NSM halted. Earnings should move SMH.
NSM should release earnings soon.
Covered remaining shorts this morning and added a few longs. 30% cash and expecting a bounce to begin before day's end.
Good for you, I also added a couple of longs at the AH fire sale.
Covered half of my shorts in the AH dump.
SMH down another 2% AH. That gravestone doji last Friday really told the tale.
Now CYMI warns.
Good for you, Unfortunately I shorted their cousin ALTR instead of XLNX.
How will XLNX warning effect other chip shares tomorrow?
Weak SOX keeping a lid on NAZ today. A move back above 2140 is needed to change short term trend. IMO.
Heaviest volume in months with NAZ closing down 36. More weakness coming near term. IMO
Thank you. I think we it moves below 2100, but a bounce back above 2140 would negate that. IMO.
NAZ down 20. Weak close coming.
Shorted CREE @ 42.21
JNPR has been very strong. Time to take profit near 30
VXN up strongly today. Time for a some correction.
Right, I think doji is only a short term indicator. Worth watching.
Is that a bearish gravestone doji on the SOX index today?
INTC G&C
INTC at LOD. Does someone know something? But NVLS also closed near it's low before it's bullish update.
Chinese proverb: All the fools are dancing, but the biggest fools are watching them dance.
Thought my watchlist was not working.
OT: Must see TV! Ken Jennings winning streak ends on Jeapardy tonight.
Zeev, what is your outlook for interest rates next year if the bear market resumes after January? TIA.
COMP touched 200 SMA @ 2077 on 60 minute chart.
Time to see if dip buyers show up today or whether the tide is shifting.