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I think Jackson Blvd may have raised too.
.. looks like your prediction was on the money.
B of A upgrade juiced INTC up 4% ?
.. appears to be what's driving the market.
toast (eom)
pmiles ... yep (eom)
Chubbie .. LOL
... Looks like I may have missed a great opportunity to short TXN
yesterday at 30. We'll see. GL/GT
'nother boring op exp day ..I'm standing aside
.. flat, dumb and happy 'till next week
.. GL/GT everyone.
Airedale.. I'm thinking of going long SPY
.. and shorting Nucleonics
.. what do you think ?
well, we know there are no longer any TXN stops between 30 & 36
.. somebody had their pocket picked.. bigtime.
volume has dried up .. (eom)
Come to me TXN .. (eom)
mom & pop got stopped out of their shorts..
.. from here on we'll see what's really happening.
they blew thru a lot of stops to get it here
.. will be interesting to see if it lasts past amateur hour.
right you are ..GL/GT(eom)
January '05 SMH dropped from 33.75 to 29.5 (approx)
.. but then, SMH isn't really a cyclical stock, is it ?
Dr. Worm ...
.. no, I'm not planning to go long TXN at support. I believe SOX is in the process of rolling over and once confirmed, will be looking to short TXN, possibly in the area between 30 & 30.5
LOL.. deal (eom)
yep.. "come to me TXN, come to me" LOL.
.. this is really starting to get interesting.
.. gonna keep a close eye on YHOO, too.
GL/GT
Lexus .. LOL
.. I call this "the enlightened cynic trading method". It works very well IMO.
Chubbie.. thanks for mentioning YHOO
.. I faded it and made a few bucks. (Sell the news
.. Going to stand aside now until whatever turmoil Bernecke stirs up dies down.
PS - TXN still stuck in a trading range. I'm waiting 'till it establishes a trend I can trade.
Chubbie - not any more
.. JPMorgan upgraded TXN before the open .. you know what that means ..
Correction, it's an IB glitch..
.. IB was showing < 25,000 shares traded for QQQQ, TXN, INTC, and others for each of the first 2 hours... didn't jibe with what I was seeing on bigcharts... I refreshed IB's realtime charting screens and suddenly volume went to more normal levels ( 100k, 200k for QQQQ's first 2 hours)
.. what the ...?
nice runup, no volume
.. be careful Icarus.
TXN toast .. next stop 28.75
.. SMH getting dragged down too
.. I think tech trend starts heading downward toward 4.5 year low first, followed by broader market.
I think Airedale's holding SPX up ..
.. SPX is on rails ... was looking at SPX chart earlier, thinking the same thing... whole different animal than NDX. NDX / SOX getting ready to crap IMO, but not SPX. At least not yet.
.. re: NSM .. good
yep.. and I think TXN wants to go to 28.75
.. hope you got out of your NSM long without getting burnt.
Anyone else see H&S on Q's from Nov 3 to yesterday ?
.. today is the 'challenge' and it's right at the neckline. Will be interesting to watch.
Q's, SMH, AMAT, INTC, YHOO all rising on very low volume
... I don't like it.. staying on the sidelines today. GL/GT
... Oh yeah...sure glad I covered my TXN short yesterday afternoon at 29.80 (went down to 29.18 in aftermarket) LOL. Guess that's the price I pay to be able to sleep nights.
techs dragging it down(eom)
As day-traders exit for the day / weekend ...
.. will be interesting to see what kind of a rally we get (if any) into the close. I think next week is going to be fun.
upward sloping consolidations on 15min charts everywhere..
if it breaks to the downside = toast
Chub .. looks like you were half right
.. no gap, but plenty of crap
Statistics don't lie ...
Government statisticians do.
I'm getting the distinct impression this is a "gentleman's exit" and that the fleet may be turning south toward the 80wk / 4.5yr low.
We'll see.
Stopped & restarted TWS (IB's app) and all is well
.. that was weird... and a bit distressing.
Some really weird bid/asks in SMH stocks
.. anyone else seeing bids as much as 10c to 15c above the ask on MOT, TXN, even SMH ?
.. this is on IB ... maybe bad data ?
Uncle Chubbie ... I was thinking the same (eom)
Chub.. that last post was tongue-in-cheek
.. I never hold a position this late in the day on a Fri
.. I'm cash, dumb and happy
.. Have a great weekend GL/GT
waiting for (phony) 2 o'clock pre-election rally(eom)
Mr. Cash..
.. at the moment, I'm using tea-leaves and entrails
.. I wouldn't be surprised if TXN's earnings report on Mon takes SMH below support... and then the rest of the market with it.
.. since I'm SMH-centric .. I'm flat 'till then.
GL/GT
Mr Cash..
.. have you turned to the dark arts ? (wave c of c, etc)
.. JM must be turning in his grave ..
on the other hand (LOL) (eom)