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Thanks, I should be ready later this month.
Hey guys, I will be back in a few weeks :D
In the process of closing on a house. Taking forever but should close within 3 weeks. After that I will put together some funds and be back in business! I'm gonna be extremely rusty though!
Brown of Bankstocks.com open letter to BAC CEO
DIA / NYSE / DJIA
Noticed that but then went and re-drew the lines and now the chart is updated.
Just this one day screwed up some of the indicators. I think we are due for a down week, I have no positions right now, and loving sleeping in XD
DIA 60-minute
DJIA
NYSE (check the volume on the down days, really interesting. Looks like the top 7 volume days YTD are all red bars)
Baidu - the Shooting Star from Hell
DIA chart rising wedge support / resistance
So far both support and resistance have been spot on. Can only last another a couple hours or so more before it breaks one way or the other.
I'm out of all positions right now. Still think a Dow -80 to -200 is coming very soon. Slow STO rolling over...Although the indicators can instantly turn bullish (or bearish) on FED news later today within a few quick minutes....
My guess is Dow 10,400 by mid to late next week....
But I'm probably gonna sit on the sidelines unless something good pops up...
Buy a foreclosed and fix it up.
Win / Win situation. Around here (SE Michigan) you can pick up very nice foreclosed homes (well if you see the before pics you might not call them 'very nice') for the price of a decent used car, and that is after putting all the upgrades in. Then no mortgage, just pay summer/winter taxes and call it a day.
I got one under my belt last fall. Looking for one more either this summer or whenever I can set $20,000 aside. I got a nice house in the suburbs of Detroit for $10,700 including taxes. Put $10,000 into it, slapped a couple coats a paint, new doors, windows, lights, carpet, etc., the place looked brand new....
EDIT: Not sure why pics coming out so large. I'm using Linux so maybe it shows up normal on Windows...Try holding CTRL and hitting the minus sign about 10 times if you are getting absurdly large pictures....
BEFORE
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Markets will probably pick a direction tomorrow
...for a short-term move rest of week in the amount of 150-200 points imo. But, after being up so many days in a row, I think the odds are in favor of the bears. I'm not a permabear by any means although I may come off as one, here is how I am looking at it.
Imagine if the SPY was DOWN 18 of the last 20 days. 4 full weeks of trading and only 2 GREEN days. I would be all over calls at that point! The opposite is happening right now so I expect a short reversal. Being conservative just looking for 2-3% for starters. That is nothing, can happen in 2 days.
So from 10642 (current) looking for 2-3% pullback, 10,430-10,325.
This is a snap of the volume bars of the SPY last 20 days....If the opposite was going on (all red but 2 green bars) then I'd be looking for a short-term pop....But the way things look right now, I'm looking for a short-term drop. Although very green, the indexes have been pretty much flat which is a red flag to me.
VIX looks bullish for the next week. The NYSE, $COMPQ, and $RUT look like they are going to give up some gains over next week..bearish candle patterns last few sessions IMO...
This 60 minute chart of the DIA has been working like a charm for support / resistance. Will be interesting to see how tomorrow goes. Chart is a stillshot...
Hey Lang, what are you trading today
for options? Or looking at?
I am a mental midget.....Loaded RIG $85 puts on Friday at 98 cents and then doubled down at 80 cents.....they closed at 69 cents and I thought I was fecked. RIG closed exactly on the 50 day moving average @ $86.07.
Well I sold all this morning at 90 cents with RIG at about $85.3
Now RIG is somehow at $83.6 at the lod and the ask on the puts is $1.88, up 168%....Sold $1/contract too soon.
I switched to DIA $106 puts @ 63 cents so hopefully they hit $1.6 by tomorrow!
I think the markets will be fecked for the next couple weeks:
DIA rising wedge 60-minute
$INDU rising wedge 60-minute from TheChartPatternTrader:
DIA Rising Wedge Support Broken
Markets should get worse as the day progresses imo....Support line can be drawn at varying angles so hard to say which line of support is most accurate as there can be many ways to draw the line.
But, support on this 60-minute chart is rising by the hour...By the end of today it will be at $106.3.....by the end of tomorrow $106.6....By the end of the week roughly $108....So it is pretty much a NO BRAINER that support will fail...
Following support levels are for the $INDU (last 10,575)....
1) 10,582: 34 day simple moving average
2) 10,558: 50 day moving average on 60-minute chart
3) 10,551: pSAR on 60-minute
4) 10,532: 10EMA on daily chart
5) 10,507: pSAR on daily...will flip bearish if the $INDU touches it
6) 10,385: 50 day moving average on daily
Moody's Says US Deficit Could Pressure Credit Rating
3/15/2010
9:26:00
Moody's is expected to warn that there will be "downward pressure" on America's triple-A credit rating unless the U.S. deficit is reined in to a greater extent than currently predicted by the Obama Administration, according to the Financial Times.
Pre-market: GOOG $568 // BIDU $569
Pre-market: GOOG -$12 // BIDU +$18
Asia mostly lower, Dow futures -47
I can see it now. A flat open and by 10:30am Dow up another 50 points, lol...
I have some SPY puts, betting that the SPY won't be green for the 12th day in a row...and will get a red candle making 3 red of last 20 days...
$HSI index down 175 points or .82%...trading slightly higher than 21,000
Cutting it real close on the DIA rising wedge...a half a point from support...a half a point from resistance....Looking at the chart, it is extremely likely the gap at 104.5 will fill. The only thing that is certain is it will break one way or the other. Because of the astronomical run-up over the last 4 weeks I am anticipating a break to the downside. By closing bell support will have risen to roughly 106.3 so even a slightly down day tomorrow will cause a break of support:
Not priced in. Actually the opposite of that..
This is unexpected, shareholders thought the GOOG/China dispute would be resolved with GOOG staying in China.
In fact, part of the reason GOOG tanked in JAN/FEB was when they threatened to pull out of China (which also boosted BIDU share price).
Also GOOG soared last week partly because of comments from the CEO that the China matter would be 'solved soon'
I think GOOG is gonna pull back a lot on Monday and BIDU is gonna skyrocket. Just my guess. Maybe $15-$20 down for GOOG and $15-$20 up for BIDU...
Google '99.9 Percent' Sure to Shut Down in China
Hey, that sucks, I got the AMZN $120 calls at $2.97 and I think they hit $14 on Thursday....I got the AMZN $125 calls at $1.48 and they hit $11.25 on Thursday. I sold my $120s at $5 and my $125s at $2.5x or so...
Also was VERY heavy in the February Google calls but it was trading like such a pos that I skipped getting back in with you on the March calls. When I was watching it the Dow would rally over 100 points and Google would be up a half of 1 percent (and BIDU up 3-4%). Would close off $3 from the hod and would have very weak closes where it'd come down $2 in the last half hour of trading. So skipped calls for March. I'm just lucky I didn't buy puts...
I wonder if BIDU will skyrocket on Monday?????????
The market has gone up every day for the last 2 weeks.
I suppose it can go up everyday next week too but at some point the MMs will pull the plug. Again, not saying Armageddon back to 8,000 on the Dow....But a couple hundred points off the Dow would be very healthy.
The SPY has gone up every single day for the past month. LITERALLY! Only 2 red days going back to February 16th which will be 4 weeks ago come Tuesday.
In the first 10 days of the month here is how the indices have performed:
$SPX: 4.12%
$INDU: 2.9%
$COMPQ: 5.78%
$RUT: 7.64%
$NYA: 4.66%
Hammer candles put in on the QQQQ, SPY, and DIA daily charts today, not that it means anything...
^^^^^^^^^^^**Note all those green volume bars on the QQQQ/SPY last couple weeks**^^^^^^^^^^^
S&P secret code within 1149.99
From the Yahoo Finance SPY board
$SPX 1149.64 ... SPY 115.47
POT calls?
$130 April ?
52-week high: $126.47
Today's close: $116.93
After hours close: $125.72
I'm just concerned the markets might take a blood bath either next week or the week after.
Nice volume on the SPY today
GS $170 PUTS what a stock
What a manipulated stock....Got in with GS soaring around $173....Went red....Wonder if it will go back green.
In $1.64...last $2.11....wow!
Anything on radar today?
I got some QQQQ 47 puts before the bell...Held the SPY puts...
Looking at GS $170s