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Good earning report.
https://finance.yahoo.com/news/casmed-reports-2017-fourth-quarter-120000163.html
What difference 2 days make. $SPX update!
My opinion; you won't see a new FAZ 3x bear, $SPX trade in 2018.
Has already become questionable. LOL If this chart comes to be, last correction was nothing. I have no idea, how this will happen with the US & global growth reported last Q. And growth expectations for the next. I can only report what I see. Maybe this second double top will turn into a second chance flag, break resistance and have this double top chart market crash.
From T after hours trades are due to a M&M having a large BLOCK trade order, during the day they didn't/couldn't close. They are to be closed at the VWAP (volume weighted average price) which was .0106.
look at the box above the days chart;
http://schrts.co/4AtiRH
Since it was closed the original order had to have a limit price above the .0106.
IMO any way you look at it this is good. first a block that large. second the order wasn't closed at EOD. So a big guy or guys wants in before tomorrow.
Here's a link about FINRA's T trade designation.
https://www.investopedia.com/terms/f/formt.asp
You see it here @ IHUB also; click link (T - trades)
https://ih.advfn.com/stock-market/USOTC/directview-holdings-inc-DIRV/trades
My level 2 shows over 5 mil bought .0106; / .0014 above close. After hours @4:21 pm
Back in the old OTC days with NO Reg SHO, big guys (M&Ms and insiders) would manipulate 4 or 5 OTC stocks a week for huge runs. That was pre 2010 or so. And took place by M&Ms front trading the OTC 2 tier trading system and using foreign exchanges (Germany)as a reason they went naked short. Insiders would plan their manipulation and drive runs out of no ware.
Now days if you see a darkside play (Rare maybe 1 or 2 a month) it's real quick because the M&Ms have only a few days to cover their naked short positions.
Here's a video I posted back then, explaining the wild west OTC game.
Bought the open @ 1st resistance break. And sold at @ 2nd. Single bottom bounce plan. 30%
What you think about DIRV ?
S&P eval chart. (link back by clicking post number next to my handle LOWTRADE above)
I put the FIB's on and forgot to comment why. FIB's retracement bounce at 50% calls for previous resistance being reached, as the flag pattern. But It had to bounce at the 38% FIB's line to call for breaking above. Expect a stall if flag target reached.
PNNT at a decision point. Time to close watch for resistance break and chart patterns targets. (link back to original post)
http://schrts.co/G1iWs1
CIG at decision point. Time to close watch for resistance break and chart patterns targets. (link back to original post)
http://schrts.co/XaRwLA
The OTC is a 2 tier trading system. retail orders go to Market Makers who close order from their inventory or place it on the electronic trade system. You don't see trades closed by M&Ms from their inventory. Could give you a page on the background and operation of the OTC 2 tier system and did, but my computer locked up and I lost it. Too much to do again unless you want me to.
CLF: 1 year true value is $7.20 +/-.
GOIG: the chart sure looks like the old darkside play of yester year.
GE: Bad celeb companies with bad stocks rarely come back on their chart with improving fundamentals until after at least 1Q. Institutional which has a bad taste in their mouth, won't drive price without proof. That take usually 3 Q's. So I'd trade the chart and not invest until you see institutional positions sizes increasing.
CMG: over valued or not, there's a V bottom chart pattern in the works. Read my recent post on PNNT for info on that pattern.
PG: Very small short position, Nice size 5 year improving dividend, Institutional adding, not selling out; after all boats market correction pulled them down. Seems they just aren't coming back as hard as the market, for some reason. If I was a big cap investor I'd like this one the minute price reverses in a new up TREND. Need the trend! Watch the DMI indicator for a green over red cross.
Doubt you'll see another 10% correction this year. Like my FAZ 3X bear play just closed. Unless Trump starts a real trade war with more trade tariffs. For that matter I'm keeping my finger on the FAZ trigger, watching and waiting for any global reaction which may come on steel. Doubt you'll see another 2017 climb without several 3% to 5% retraces though.
Here's todays 6 month S&P Chart evaluation;
PNNT heads up.
Since my FAZ S&P correction play was completed, I've been back on my home work routine. Here's the next homework project, entered today. I added to last weeks CIG entry.
It's a duel gain plan.
10% on chart patterns & TA and 10% on dividend capture.
Since I bought before the divvy X date, (MAR 16); as long as it takes more then 2 weeks (MAR 19 record date) to reach chart pattern targets I'll capture the divvy, along with run gains. 20% possible.
I trade flags with 2 entries. I pick a cash amount and divide it by 3. Then buy 1/3 at 1st resistance break in reversal climb and 2/3 on top resistance break of the flag pattern. That way if the new trend reversal is a fake I don't get caught large, but still maintain a nice overall entry point if the trade is real..
Also trade V bottoms twice. small at V top line and large at wash back top.
This one fit's just right for my trading style.
Trade plan chart;
All Technicals are just going positive, along with the ADX being below 15, which calls for a strong move coming> OVER SOLD
Entry/exit indicators: 2,4,8 MA's confirmed entry today, DMI tight with ADX below 15,
Support indicators: StochRSI crossed 50% line indicating be in and the CMF has gone into buying pressure.
CHART/ TA link
http://schrts.co/dfKKwh
Play at your own risk !
KLDX
Just took a look. Don't find any positive about this stock presently. Both TA & Charts are negative and while fundamentals could improve with increasing of credit facility and management cost cutting announced. That's a hope not seen yet.
Personally I enter stocks that move on positive chart patterns, not those at possible bottoms with hopes for the future.
Ps: you can't call a bottom until the price has climbed and broken first resistance, on stronger then normal volume. That would be around a buck sixty. With volumes above 1.5 mil.
If your a buy the bottom kind of trader. I wouldn't enter until you see that happen. Because the past few days isn't a bottom yet.
http://schrts.co/R1a82e
LUCK
Ps; Here is one I have been active in since last DEC. CIG it's working on it's 3rd flag up. I banked gains on the first 2 and expect to do so one more time. Play at your own risk.
http://schrts.co/R1a82e
Sorry for the late reply. Nice to see you still around!
Haven't been very active in the market since the parabolic move this year. What I expected, happened and I sold all my 3x bear FAZ on the correction, (nice trade) Back in CIG presently and I'm back looking for new trades. Liking FCEL flag chart, up grades and new pipeline news, so far.
Now for DRYS, it's gap was due to more stock manipulation news about what management is up to now. They KILLED the company stock 2017 with a number of dilution/ reverse split moves.
The news was they will maintain a dividend and stock buy back plan. All this chit is a waist of time IMO as the management has screwed share holders so bad to save their own ass, dividends and lowering OS with buybacks, instead of reverse splits wouldn't revive trust!
IMO no one is going to buy and hold to create any sustained climb. Best I can see there is day trade games now and then.
Then gap up you asked about was IMO one of those day trade games.
HUM I took profits on GIG back Jan 9th. Haven't looked back, as I was stepping into FAZ for the S&P correction expected and got out of swing trading individual stocks until I saw that correction.
But enough of what I've been up to. Here's some observations about CIG.
If your in on the second flag step, I'd say could see retrace to the 2.10 area to close those emotion gaps. Then expect a third flag up.
Several rules of thumb I've posted about here for years.
1. flags come in 3's, with the third the largest.
2. 90% of gaps fill, leaving behind the first gap often.
3. emotion volumes come before sentiment change.
4. When the ADX line is below 15 or above 45, expect a large price move.
All seem to fit CIG since my heads up Christmas eve.
http://stockcharts.com/h-sc/ui?s=CIG&p=D&yr=0&mn=3&dy=0&id=p32869101610
Presently in all my 3 oil & gas watch stocks. play at your on risk
NOG
http://stockcharts.com/h-sc/ui?s=NOG&p=D&yr=0&mn=3&dy=0&id=p62644810161
TGB
http://stockcharts.com/h-sc/ui?s=TGB&p=D&yr=0&mn=3&dy=0&id=p35913646248
TTI
http://stockcharts.com/h-sc/ui?s=TTI&p=D&yr=0&mn=3&dy=0&id=p28291661199
Wish you success
sillylung GBLX has popped as expected since my heads up last week.
Flag target is $1.05. My sell is $1.00 or first red day in run.
http://stockcharts.com/h-sc/ui?s=GBLX&p=D&yr=0&mn=3&dy=0&id=p14156295929
PS: Keep an eye on CIG and it's double bottom pattern. Huge buying volume, last Thursday.
http://stockcharts.com/h-sc/ui?s=CIG&p=D&yr=0&mn=3&dy=0&id=p32869101610
Happy Holidays
Hope everyone, their family & friends, have a Prosperous & Healthy new year.
Up date on the 3 watch stocks I posted about back on the 8th.
NOG has morphed into an symmetrical triangle in an up trend, from a flag and just had a positive move today.
TTI just broke top resistance of the flag.
FNJN had a fake out, continue watching.
Maintained weekly watch on TGB and re-entered 1st nibble on todays pop, breaking 2.18 resistance level. Next resistance levels are 2.23, then 2.34 for flag break to 2.61 target.
At any rate TGB is back in play for now.
Here's 3 I have on strong daily watch. FLAGs
NOG,
http://stockcharts.com/h-sc/ui?s=NOG&p=D&yr=0&mn=3&dy=0&id=p70893887257
TTI,
http://stockcharts.com/h-sc/ui?s=TTI&p=D&yr=0&mn=3&dy=0&id=p08702842308
FNJN,
http://stockcharts.com/h-sc/ui?s=FNJN&p=D&yr=0&mn=3&dy=0&id=p08784461928
Forgot to mention another thing to watch with parabolic runs. That is volumes.
Decreasing volume, in a run, shows less emotion involved in the run. As emotion calms, a reversal point approaches.
Same thing with a flag play I closed quick on the gap up, at http://stockcharts.com/h-sc/ui?s=ASNA&p=D&yr=0&mn=3&dy=0&id=p56243465217
Parabolic runs normally end as bad as the emotion run is good.
You MUST watch for exhaustion !!! Either a large high candle tail, on strong volume or a larger then normal gap open.
The tail usually see's a reversal a day or two after the high candle tail. And with the gap open, it's usually the turn day, next day.
The main thing to keep in mind for any parabolic run is don't wait for red. Get out on any whim that causes concern. Take profits and be happy. Greed is NOT your friend in parabolic plays.
Just another instrument designed by big guys to make money from emotion.
Oh on TGB copper fell 2% today. Probably why TGB had a bad day. I'm putting TGB back on strong watch for this week.
TGB failed the ascending triangle. Jumped out just a bit positive @ 2.15.
Also jumped out of CVE for a 1/2 expected $4 gain, on bad morning.
Using short interest to predict future price direction is a educated way to predict. But not project direction, as TA & Charts do.
Personally I always rely on projection over predictions. Predictions are feelings based and projections are historically based. What might happen vs. what has happened.
While CLF has had a 8% reduction in it's short, from Oct 15 to OCT 31. It still sits @ 16.85%, which is HUGE.
http://shortsqueeze.com/?symbol=clf&submit=Short+Quote%E2%84%A2
I just don't understand your reasoning. The more short interest the more possibility price lowers. Not reverses north.
One who wants to predict upward price movement needs less the 10% short interest. IMO That's fewer institutional big guys evaluating the stock should go lower.
At any rate Good luck, nothing about the market is black & white. Personally I find CLF as a dark gray in the mid term. Because I trade, not invest. To invest, one needs to evaluate fundamentals, with a long term TA & Chart evaluation.
Your long prediction could be correct, as the company management seems to be doing a good job, alone with institutional interest @ 60% and business margins positive. But right now it isn't.
If this continues, (as projected), logic does not agree with adding good money on bad price direction movement. To lower a long position price level. IMO it's better to take a loss on any pop day and start back in, after a trend reverses.
My watched stocks.
DEST broke into the gap above area and I entered 1st small position.
http://stockcharts.com/h-sc/ui?s=DEST&p=D&yr=0&mn=3&dy=0&id=p89730208384
WTI a hair away from breaking into the 3.30 last resistance. Love the volume double the day before, on a up day.
http://stockcharts.com/h-sc/ui?s=WTI&p=D&yr=0&mn=3&dy=0&id=p32274358437
CVE continuing basing profit taking. Love the volume less then half the day before, on a down day.
http://stockcharts.com/h-sc/ui?s=CVE&p=D&yr=0&mn=3&dy=0&id=p42131515942
Da MARKET !
Like to let the readers know it's been OVER a full year since the market has had a 3% or larger correction.
This is historical !
I don't know who believes a market can continue up forever, but I'm finally seeing (the always late)talking heads on MSNBC mentioning the possibility of a retrace correction yesterday. The Technicals and chart is now, also showing some reversal signs.
Everyone knows when the market moves, all boats seem to follow. So odds are, one's portfolio will fall apart when this correction occurs. Since Mid SEPT. I've been adding FAZ (the 3X bear ETF) waiting for the correction. And will be adding when it happens.
Holding FAZ during a correction is the way to short the market in a down turn, without needing a margin account or paying short margin fees.
Keep FAZ in mind in the future. Because a 3% S&P correction could produce a 9% gain in FAZ, at a reasonable mid cap price point.
Here is a chart showing the gap above;
http://stockcharts.com/h-sc/ui?s=CVE&p=D&yr=0&mn=9&dy=0&id=p89298282469
Update on CVE, one of my watch stocks in play.
Like the basing here @ 11.25, half way to target, before it's next leg up. Could last a day or three more IMO. Keep an eye on the 12 dollar level, where price enters the open gap above. That should confirm continuation to the large flags target of 13.25.
$2 bucks attained, $2 bucks still possible, if interested. Play at own risk. Some concern of the large profit taking volume day Friday.
http://stockcharts.com/h-sc/ui?s=CVE&p=D&yr=0&mn=6&dy=0&id=p36715070034
The mid term chart shows, the mid term heads & Shoulders pattern is in play with a down target of $5.10 +/-
Good luck