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There we go, 137 taken out and GS getting some lift
Here we go, testing the 137 resistance
Tight range here, 135 to 137 has been the channel for the last 3 sessions.
Thanks for agreeing with that, therefor making it come true lol!
1302 was the low. this is now the ABC rebound, probably taking us to 1330 which is right here, or 1335 if we really get a push higher today.
From there I will need to see what the chicken bones say, but I do suspect more downside.
Anybody want to go long ahead of a long weekend? Lets see how this pans out, my guess is some profit taking today.
LNKD options start trading today:
http://www.hotstockmarket.com/forum/thread/114348/lnkd-linked-in/80#post_2740174
Now it will get interesting.
One more push lower on ES to the 1300 would be ok, then a rebound leg higher to get rid of the easy shorts.
We came close to taking out the top of the range in that chart I linked to earlier.
I actually stepped out around 2pm thinking this market was going to close near the top of the range... came back at 4pm and everything was back down! The channel is holding, early next week should be the next leg down if it continues to work.
Tricky ES here, the financials are not helping, JPM about to test the lows of the day and GS new lows.
AAPL losing yesterdays lows triggered a few stops, it has not been looking healthy lately.
Wave counters are looking for a 5th down here, so far it looks like it could be happening:
http://www.hotstockmarket.com/forum/thread/43337/stock-market-today-equities-futures-forex-options-intraday-discussion/100000#post_2738030
The big IPO run is done, now reality gets to set in.
This is a great trading stock, but watch for the swings! Resistance in the $43 range, if it cant break over that then stay out. You need to see a move over $43 with some volume to get some buyers coming in.
Its about time they jacked margins on oil, cant have those speculators running to $200 again!
Technical Analysis within:
The trading today was well in line with the recent support/resistance levels.
A chart went up earlier today at http://www.hotstockmarket.com/forum/thread/55439/c-citigroup/8400#post_2734279
As you can see by that chart, even a drop to the $42.50 area would still be within the long term uptrend. You should only get worried if that level breaks.
Looks like that lower channel will be the level, SLV blew right through all those supports.
SLV technical support levels coming up, we are closing in on a few levels that buyers should be lining up for.
Check out this chart: http://www.hotstockmarket.com/forum/thread/36303/slv-silver-etf-silver-futures-si/2100#post_2732845
The 61.8% fib from the recent range and the support/resistance uptrend line are a few points away.
Thoughts?
How can you short it? Buy clicking "sell" and choosing how many shares you want.
Your intuitions were right :P
Stock took a beating in the last earnings:
http://www.hotstockmarket.com/forum/thread/28351/nflx-netflix/1260#post_2728271
You should look into options trading, its an easy way to play long and short very easily.
The price does not lie, it is what it is. ES new highs, AAPL near lows of range, something has to got to give soon.
Check out that VIX back in the 16.50 range, no fear here. eom
Yeah, SLW and SVM both still hovering around the recent lows while silver is pushing to the upper price range.
Great to hear! lol
Anybody playing GOOG puts or calls going into earnings?
Friday is options expry, its going to be fun!
A 4.95 fine? Forget that... ;)
Nice reversal here intraday, looks like ES 1305 buyers got it right.
Wow! The turnip patch lives!
I have not been on Ihub for a few years, so I thought I would drop by to see what has been going on.
To see the Turnip Patch still running is a real treat!
I first bumped into Zeev back on SI in 1998! I am really happy to see his legacy live on today, and busy as ever!
Zeev would be proud!
I thought for sure the $1.50 level would be the end of it, but it looks like they got a second wave to come in here over $2.
Just dont be the last one holding the bag!
NFLX has been bumping up against some serious headwinds lately. Concerns of the stock being overvalued have been widespread, but have not had any effect on the rally until recently.
This could all be a health bout of profit taking, but the recent weakness has been pushing NFLX down below some important supports.
The current uptrend channel is in the low $200 level, while NFLX is holding up relatively well today, it could just be that sellers are done for now.
Watch for earnings next week to cause some big moves.
Good trade there, fingers crossed, but dont forget to lock in some profits!
That is a tight wedge forming on the 5min, strong rally at the open but the market is weaker here. AAPL has not been trading well over the past few sessions, but buyers have been liking the $330 level yesterday and today. If $330 does not hold, watch the $320 as the next possibly support.
I think you are right on the bid whacking, if this volume does not pick up, those buyers from yesterdays spike will be locking some in.
Volume is not looking too exciting so far, we would need to make some trades over the $1.93 level which is yesterdays highs to consolidate these levels.
:( Ze'ev... we never met, nor did we ever communicate directly, but I found you almost a decade ago on SI and learned a lot from you from a distance. Your Spock like logic and cool head were an inspiration to an entire young generation of online investors.
Today the internet has lost a giant, a man whose wisdom and teachings will echo for years to come.
The turnip patch will never be left empty, you legacy shall always continue and you shall live on in cyberspace and in our hearts!
Yikadal veyitkadash shemeraba.
I hope you are watching that position, the downtrend has not been taken out yet. Too many traders sitting with stops aroun $19.50 IMO, there may be a chance for something lower if it can not get over $21 on this attempt.
Geez, I go way for a few days and miss 3000 posts!
I see its back to support at 0.003, low volume today, sellers may be done.
Looks like you got your volume break, but it brought some profit takers with it!
Uptrend seems intact over the last week.
One MM left at 0.0048, two at 0.0049. Biggest volume day since Feb 15th.
New HOD? What stock are you watching? Judging by the drop off in volume it may be done making highs for today.
Three MMs sitting there now at .0048, nobody nibling on those asks.
3 MMs at 0.0049, only one at 0.005
This may pull back before it can get over that resistance.
Think of it as a technical indicator.
Bashers = oversold
I would have thought so too, but that EOD buying on friday to almost green must have scared off some shorts. That $5 is a tough one to crack until option expirations IMO.
CUBA looks to have made a nice move today, hit 9.50
Chart with TA:
http://www.hotstockmarket.com/forums/stocks-trading-major-markets-option-traders/58345-cuba-herzfeld-caribbean-basin-fund.html