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Buy time
for scalping, I am in buying sso here.
1best, I plan to go short aapl tomnorrow
What's your take, If it opne around 155, I will go short.
They did not guide good.
Yes market is indeed behaving insane. Just few stocks
like dow stocks taking market up.
1best
Well it looks like we need some more selloff here atleast
for short term.
XOM up 1.4 which is holding up dow.
I think 2650 gap need to close before any further rally.
But anything can happen.
IBM reports today it will be a marketmover.
btw are you now bearish short term.
tia
rb
US market is the only one at all time highs ( I mean DOW)
without significant correction.
All other markets seem to have a greater correction.
I wonder why is market so bullish. Why is it bullish for all
the bearish reasons.
The charts say it all. It seems no one want to sell.
Very frustrating for shorts lately.
Hi 1best, amazing rally, have you turned bearish yet ?
I went long qid yesterday's close and hurting.
Can't predict this market anymore
you issued sell signal on spy last week.
1best,
Thanks for your input. My tech analysis points to a short
term bottom by end of this week or early next week
Then market will retest or break old highs.
rb
Thanks Mike,
Appreciate your opinion. I am still at a beginning of learning
phase in tech analysis.
But look forward to learn more from experts like you and 1best. Lately I have been reading more into tech analysis,
and slowly trying to be open minded about market rather
than forming opinion about it. Like follow the market rather
than arguing with it.
There are just few stocks I follow. AEO, JEF, BJS, SONC and
XLE.
thanks again.
rb
and this chart
I am still learning tech analysis and would like
to know your take.
thanks,
rb
JEF
Looks like these charts are bearsih with end target 24
and intermidiate target 26, what do you think ?
<imgage src ="http://stockcharts.com/c-sc/sc?s=JEF&p=W&yr=3&mn=2&dy=5&i=p81494526043&a=108...
<img src ="http://stockcharts.com/c-sc/sc?s=JEF&p=60&yr=0&mn=3&dy=5&i=p13311192836&a=10...
<img src="http://stockcharts.com/c-sc/sc?s=JEF&p=60&yr=1&mn=6&dy=5&i=p95768431527&a=10...
1best this chart
Since you are a good chartist, what's your take on this BJS
chart, is it a bearish wedge breakdown with 26 as target ?
tia
rb
<img src ="http://stockcharts.com/c-sc/sc?s=BJS&p=D&yr=1&mn=2&dy=5&i=p40304407596&a=108...
Hey 1best
is this head and shoulder pattern on jef
it looks like it broke support, is it bearish
<img src ="http://stockcharts.com/c-sc/sc?s=JEF&p=60&yr=0&mn=3&dy=5&i=p13311192836&a=10...
tia
rb
You see any bounce ?
Just curious, It appears that some of the indices
are at support and usually first test of 50dma after first
selloff usually provide short term support.
Also this rally from march lows was powerful enough
and may have some steam
just my 2 cents
rb
Your charts
show qqqq still at uptrend support
also dow at long term support.
Can you please post a technical chart for me for BJS and
JEF on daily ?
You have very good charting skills, I am still learning.
Thanks,
rb
1best
vix going back to march levels, looks like dow and qqqq
still above longterm support.
Maybe we see capitulation tomorrow mornings
Reverse like ^nikk ?
btw big brokerage firm issued tripple sell on europe
wouldn't that affect us market ?
There are 2 gaps in this selloff that dow need to fill,
next week is expiration, PCR ratio way too high
Unless market bounce back like $nikk
it will be a sell signal.
On the other hand some of the bullish news is targetting
snp to reach 1550 now that we are that close.
sell ?
snp broke support what do you think ?
Learnt hard way
No bias for me, just follow the charts, I used to
be bear, but have changed my opinion, I am not bull either.
Just follow chart and decide what market is telling rather
than argue with it.
Also I am not trading indices, just few stocks.
It appears that we are approaching a support here on nasdaq.
Let's see if we close above 2600.
Are you bearish now
I mean is it time to short the rallies rather than buy the dip?
thanks
rb
Thanks a lot
I think dow will hit 14K and snp will takeout old highs 1553
before any significant selloff.
Great charts.
I also added some more sonc on dip, nice sauccer pattern.
1best
nice charts, btw what's your take on bjs and jef
with technical analysis.
I am long both, bjs appears to be breaking out,
btw, I finally covered aeo for nice gain.
thanks,
rb
1best don't you think its a time for some selloff?
dow showing negative divergence with macd on daily.
Lots of gaps on dow that need to be filled.
Expecting some weakness to bring dow down to 13K
Why did you turn bullish now ?
tia
1best, we got the selloff.
What do you think of BJS ? went long on BJS.
but we are still where we were last week.
Sell signal Alert ?
Hi 1best,
Aren't you issuing your sell signal. From your charts
it looks like market hit yor short term top.
Check out aeo, finally breaking down.
tia
So are you bearish now ?
Nice call in march.
thanks,
Test Test
<eom>
__1Best__ what do you think of international markets?
If US market goes down, the countries servicing US should
also go dowm.
I am initiating a short position on INFY.
Nice charts, agree we are at the tip of a cliff.
tia
RB
Yes, AEOS down big today.
Boy that stock has burnt me bad.
Now that the cat is out of bag [that it got added
to nasdaq 100), I am more hopeful of some selloff in
this just being a part of index.
RB
Thanks,
Do you trade ultra proshares etf like dxd, qid sds mzz
etc?
How about a 2% down day today?
RB
__1best__ what do you mean by breakout ?
To upside or breakdown to downside ?
You are bearish I assume, so diamond breakdown to downside
is extremely ugly.
tia
RB
Nice call
So do you expect a selloff tomorrow?
On AEOS, it was added to comp last friday.
What a piece of junk, never seen such an irrational
stock behaviour for any stock.
It got another downgrade yesterday still up.
Check out insider selling.
Boy really getting burnt bad on this one.
tia
RB
Thanks, but this is what worries me
It has 6 downgrades in last 2 months when it was at 45.
There is record insider selling since stock hit 45 and
as late as couple of weeks.
They warned about lower same store sale as well as
were shy of analyst estimate.
Its peers like anf had a major correction, but this
one just keeps going up.
I agree with you should have avoided it in the first place
but my covering now would be too painful as I have
a big unrealized loss.
getting really pinched by this one, this is a reason I
want market to selloff.
Anyway, what do you think of todays rally ?
Do you think there is a good chance that market will
breakout of this domino to upside like 1999 2000 rally ?
Thanks
RB
1best your help
Hi 1best,
Since you are good with charting, can you please tell me
what intra day indicators can be used for aeos for scalping?
Boy this stock has completely wiped me off.
I have tried many indicators like ma, macd, cci, sar
but nothing worked with aeos.
On the other hand this one looks like a trading stock,
I closed my dow and qqqq shorts but am heavily loaded
with aeos short so can't afford to close the position
now.
Thanks again for your help.
1best market calls
Thanks for the link. Great site. Are you guys still bullish.
I am thinking of covering tomorrow as I just can't make anything
out of this market.
Anyway AEOS is just too painfull.
I was hoping for some selloff this week, but shorts are
getting spanked real bad. So I am throwing in towel.
TEST <EOM>