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One more reading for you...
Why the bulls are set up for a fall in June
...http://www.marketwatch.com/story/why-the-bulls-are-set-up-for-a-fall-in-june-2011-06-01
and
http://www.marketwatch.com/story/think-twice-before-jumping-into-tech-2011-06-01?link=MW_story_insert
S2: I think you may like to read this one too:
http://www.minyanville.com/businessmarkets/articles/jeff-cooper-sp500-bin-laden-dead/5/2/2011/id/34268
and that one - he posted on April 27...two weeks ago!!!
http://www.minyanville.com/businessmarkets/articles/silver-silver-price-precious-metals-silver/4/27/2011/id/34187
http://blog.capitalmarketvision.com/
Today's post is same as your's... add more TZA if RUT hit 870?
S2:
Did you read this one below?
...
China-based ReneSola(SOL_), a manufacturer of solar wafers and producer of solar power products, has a market cap of $782.60 million and an enterprise value of $983.15 million. The stock trades at an extremely cheap valuation, with a trailing price-to-earnings ratio of 4.65 and a forward price-to-earnings ratio of just 4.38. So far in 2011, this stock is up around 3.3%.
If you take a look at the chart for ReneSola, you'll see that it recently started to break out above a bearish descending trend line on heavy volume. Volume last Tuesday registered about 8.4 million shares, almost twice the three-month average trading activity of 4.6 million shares. When a stock starts to move above a descending trend line that has acted as major resistance in the past, it can often signal that the stock is starting to enter a new bullish uptrend.
market players should watch for now is for ReneSola to consolidate some of its recent gains between $9 to $8.50 a share. It could even fall to around $8 a share (its last major support zone) and still look okay, but I would prefer it hold $8.50. It would be productive for any consolidation to come on light volume, of around 2 million to 4 million shares. So far that's exactly what has happened. Since that's the case, you could buy the stock now using two different strategies. You could buy with a stop below $8 a share and add to the position as it moves above the 200-day ($9.50) and 50-day ($10.48) moving averages.
Or you could wait for the stock to take out the 50-day moving average on heavy volume and buy then. If it takes out that 50-day, I expect ReneSola to hit $13 to $14 a share pretty quickly. That's a ton of upside using either strategy, so traders should definitely keep an eye on this name going forward.
ReneSola shows up on recent lists of 5 Solar Stocks Topping Performance Lists and 12 Small-Cap Internationals Gaining Traction.
http://www.thestreet.com/story/11052901/2/6-solar-stocks-heating-up-to-trade-higher.html
S2:
Did you read this one below?
...
China-based ReneSola(SOL_), a manufacturer of solar wafers and producer of solar power products, has a market cap of $782.60 million and an enterprise value of $983.15 million. The stock trades at an extremely cheap valuation, with a trailing price-to-earnings ratio of 4.65 and a forward price-to-earnings ratio of just 4.38. So far in 2011, this stock is up around 3.3%.
If you take a look at the chart for ReneSola, you'll see that it recently started to break out above a bearish descending trend line on heavy volume. Volume last Tuesday registered about 8.4 million shares, almost twice the three-month average trading activity of 4.6 million shares. When a stock starts to move above a descending trend line that has acted as major resistance in the past, it can often signal that the stock is starting to enter a new bullish uptrend.
market players should watch for now is for ReneSola to consolidate some of its recent gains between $9 to $8.50 a share. It could even fall to around $8 a share (its last major support zone) and still look okay, but I would prefer it hold $8.50. It would be productive for any consolidation to come on light volume, of around 2 million to 4 million shares. So far that's exactly what has happened. Since that's the case, you could buy the stock now using two different strategies. You could buy with a stop below $8 a share and add to the position as it moves above the 200-day ($9.50) and 50-day ($10.48) moving averages.
Or you could wait for the stock to take out the 50-day moving average on heavy volume and buy then. If it takes out that 50-day, I expect ReneSola to hit $13 to $14 a share pretty quickly. That's a ton of upside using either strategy, so traders should definitely keep an eye on this name going forward.
ReneSola shows up on recent lists of 5 Solar Stocks Topping Performance Lists and 12 Small-Cap Internationals Gaining Traction.
http://www.thestreet.com/story/11052901/2/6-solar-stocks-heating-up-to-trade-higher.html
...
http://blog.capitalmarketvision.com
March 3--Strong rally in front of payroll report leaves both sides guessing about Friday morning
...
SPX 1987 and 2011
So while there is some upside potential, which the bears clearly need to respect (as if I need to remind you of that),the next chart below is one that only a bear could love. Jeff Cooper, who writes a subscription service on Minyanville, often writes about Gann cycles and other cyclical studies and has pointed out recently many similarities between the lead-up to the 1987 crash and where we are today. When I look at the price pattern between then and now I can certainly see a fractal pattern playing out as we get another leg up for the bounce off last week's low. Following the August 1987 high there was a sharp drop and then a 3-wave bounce back up from the uptrend line from January 1987. The break of that uptrend line is what led to the crash. Anyone paying attention to that trend line could have saved themselves a lot of trouble (and money).
...
S2, Happy New Year!
About TZA below:
...We also grabbed a TZA April spread with 700% upside potential if we get a 15% drop in the Russell by then (670), which is lower than we expect but it pays off very well at all the in-between stops as well,so nice protection into the New Year to cover what hopefully will be a lot more bullish bets. In that same comment I also laid out a good starting position for a DIA Mattress Play, the strategy for which you can read about under the article "The Stock Market Parachute."...
http://seekingalpha.com/article/244276-friday-outlook-happy-new-year
S2: did you read that...
“Until the next Fed meeting, I expect a little back-up in yields,” with 10-year yields possibly rising back toward 2.80%, Canavan said. “That would be a relatively sizable turnaround, but in the longer-term scheme of things, even 2.80% is a remarkably low yield on 10-year notes.” ...
http://www.marketwatch.com/column/Bond%20Report
S2: Read the article below, looks like the market will not go down until the Uncle Sam has no more money to print... this is why we never could get right on the option trading... wish this article was posted few months earlier...
The ONLY Reason Stocks Have Rallied This Month
Submitted by Phoenix Capital Research on 09/28/2010 19:19 -0500
http://www.zerohedge.com/article/only-reason-stocks-have-rallied-month-1
Fishsurfer:
Very interesting vedio below:
S2 told me to hold TZA (about 31.00 to 33.00) this morning.
Fishsurfer: According to Ron Walker's Daily Vedio, RUT will be going down this week... take a look at 9/24 part 3, was talking about RUT and Ron was holding TZA too!
http://thechartpatterntrader.blogspot.com/
Also,Keene Little, his daily posting is same as Ron's.
http://blog.capitalmarketvision.com/
You could watch both every day.
S2: Take a look the Part 2 - VIX chart
http://thechartpatterntrader.blogspot.com/
S2:What are you thinking about his words?
Bob Prechter: My Charts Say DOW May Plummet To 2,000
http://finance.yahoo.com/tech-ticker/bob-prechter-my-charts-say-dow-may-plummet-to-2000-535437.html?tickers=%5Edji,IAU,HYG,PHB,JNK,%5ETNX,GLD&sec=topStories&pos=9&asset=&ccode=
Robert Prechter: We're On The Verge Of The Biggest Bear Market In 300 Years
Read more: http://www.businessinsider.com/robert-prechter-were-on-the-verge-of-the-biggest-bear-market-in-300-years-2010-9#ixzz106rq8cvY
S2: Have you read this one today?
http://seekingalpha.com/article/224579-higher-yields-on-treasuries-is-good-news?source=article_lb_author
OK!Thanks!
S2: Did you read this one yesterday?
http://www.bloomberg.com/news/2010-08-13/-hindenburg-omen-suggests-another-leg-down-in-stocks-technical-analysis.html
S2: TZA has a GAP three days ago($32.00 ~ $34.00)...
If TZA goes down to fill up the GAP, a lot of puts will get killed too.
Do we have to hold TZA for $40.00 +/-? or just sell TZA on Monday and buy back around week end?
S&P and RUS are acting the same.
Friendship or love ?
Fish:
Please read this one too...
http://blog.capitalmarketvision.com/
No! No! No!
End of Aug.....get even...end of Sept. $17.00 to $18.00 at least.
S2: Please check your BC system: AMGN, will be up on Aug. again this year too? Thanks!
Net: S2 is busy for his two girls...here we go...
http://www.tic2tic.com/?page_id=13
You are right!
You are welcome, Keller!
Below, was posted year ago, take a look:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37419545
Keller:
It is not your problem, it is your Used Calculator problem.
Let me try my used calculator to do the math:
Assuming the current price is $50 and you buy 2 contracts.
How much you paid? $2.00 X 200 = $ 400.00
Then, the third Friday of the month, the market closing price is $ 55.00, so you are willing to pay $52.00 per share to buy 200 shares as the contract agreed. $52.00 X 200 = $10,400.00
Total $ you spend was $400.00 + $10,400.00=$10,800.00
The stock value base on the market closing price is $55.00 X 200 = $11,000.00
Assuming the third Friday of the month, the market closing price is:
1. $51.00
Don't buy...-$400.00 lose
(Market closing price < or = to strike price)
2. $52.00
Don't buy...-$400.00 lose
(Market closing price < or = to strike price)
3. $53.00
Yes, buy...
$400 + $52.00 X 200 = $400 + $10,400 = $10,800
Total $10,800 you spend but the market closing price now is
$53.00, so total value should be $53.00 X 200 = $10,600.00
$10,600.00 - $10,800 = -$200.00
-$200.00 lose
4. $54.00
Yes, buy...
$400 + $52.00 X 200 = $400 + $10,400 = $10,800
Total $10,800 you spend but the market closing price now is
$54.00, so total value should be $54.00 X 200 = $10,800.00
$10,800.00 - $10,800 = $0.00
You didn't make or lose any!
5. $55.00, how much $ amount is your profit/lose?
Yes, buy...
$400 + $52.00 X 200 = $400 + $10,400 = $10,800
Total $10,800 you spend but the market closing price now is
$55.00, so total value should be $55.00 X 200 = $11,000.00
$11,000.00 - $10,800 = $200
Ha,ha!!! you make $200.00 profit!!!
$200(profit) divided by $400 (investment)= 50% return
See, only less than one month, you have 50% return and with your limited $400 lose, why not?
Follows what ever S2's post to buy or sell as the 10K account...you should learn a lot and make more money than you do by yourself.
S2:See the link which you posted three years ago:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=16522853
Keller:
Let's try one more time:
Assuming the current price is $50 and you buy 2 contracts.
How much you paid? $2.00 X 200 = $ 400.00
Then, the third Friday of the month, the market closing price is $ 55.00, so you are willing to pay $52.00 per share to buy 200 shares as the contract agreed. $52.00 X 200 = $10,400.00
Total $ you spend was $400.00 + $10,400.00=$10,800.00
The stock value base on the market closing price is $55.00 X 200 = $11,000.00
Please do the math one more time below:
1. $51.00, how much $ amount is your profit/lose?
2. $52.00, how much $ amount is your profit/lose?
3. $53.00, how much $ amount is your profit/lose?
4. $54.00, how much $ amount is your profit/lose?
5. $55.00, how much $ amount is your profit/lose?
Do you get it?
You are getting there soon!
The strike price is $52.00, not $2.00.
...
The price of $52, at which you would like to buy (or rather would like to have the option to buy) the shares is called the strike price of this deal. Deals of this type have a name- they are called a Call Option.
...
Please do the calculation as follows:
The third Friday of the month, if the coca cola price is
1. $51.00, how much $ amount is your profit/loss?
2. $52.00, how much $ amount is your profit/loss?
3. $53.00, how much $ amount is your profit/loss?
4. $54.00, how much $ amount is your profit/loss?
5. $55.00, how much $ amount is your profit/loss?
I am sure you can do it!!!
Keller:
Try to read the one below:
http://niftyprediction.blogspot.com/2009/03/stock-options-trading-explained-put-and.html
S2: did you see that below?
http://finance.yahoo.com/news/Direxion-Shares-Announces-prnews-4168317862.html?x=0&.v=1
S2: Please take a look below for near future;
http://blog.capitalmarketvision.com/
S2: you say that "...Then a reversal right at that level would guarantee a break of the head and shoulders neck of $42 that projects to the low $30s..."
I checked the past historical record:
April 21, 2009
S&P 850
^RUT 470
TZA 33.30
TNA 20.29
and QQQQ was 32.08
What is the best way to play TZA?
S2: take a look the table below:
http://www.deepmarket.com/season/brcm
Historical seasonal analysis for BRCM tells us that after June's up; both July and Aug. BRCM may go down most of the time... your BC is right! However, don't play BRCM puts on Nov. (according to the table)
If DOW touch 8500, S&P should be 850 too.
The Q is when!
S2:
TNA April 21,2009 closed at $20.29
http://finance.yahoo.com/q/hp?s=TNA&a=03&b=01&c=2009&d=03&e=30&f=2009&g=d
the same day
TZA April 21,2009 closed at $33.30
http://finance.yahoo.com/q/hp?s=TZA&a=03&b=01&c=2009&d=03&e=30&f=2009&g=d
and ^RUT was 470 ; S&P 850
http://finance.yahoo.com/q/hp?s=%5ERUT&a=03&b=01&c=2009&d=03&e=30&f=2009&g=d
http://finance.yahoo.com/q/hp?s=%5EGSPC&a=03&b=1&c=2009&d=03&e=30&f=2009&g=d
long way to go!!!
One More to read below:
http://www.marketoracle.co.uk/Article19725.html
S2: Please read the post below:
http://blog.capitalmarketvision.com/
S2: Please read Richard Russell's post below:
Dow Theorist Richard Russell: Sell Everything Liquid
Posted May 18, 2010 11:40am EDT by Joe Weisenthal in Investing
Related: dia, spy, xlf, ^dji, ^gspc, ^ixic
From The Business Insider, May 18, 2010:
WHOA!
Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
That's pretty intense!
Update: By popular demand, here's more on what he sees in the market. The gist is that the markets recent gyrations are telling him that the economy is in trouble:
And I ask myself, "Am I seeing things? The April 26 high for the Dow
was 11205.03. The Dow is selling as write at 10557 down 648 points
from its April high. If business is even better than expected, then
why is the Dow down over 600 points? And why, if there were 674 new
highs on the NYSE on April 26, were there only 20 new highs on Friday,
May 14? And if my PTI was 6133 on April 26, why is it down 17 points
since its April high?
The fact is that I've been seeing deterioration in the stock market
ever since early-April, and this in the face of improving business
news. The D-J Industrial Average is composed of 30 internationally
known top-quality blue-chip stocks. These are 30 of "America's biggest
companies." If Barron's is so bullish on the future of America's
biggest companies, then why isn't the Dow advancing to new highs?
Clearly something is wrong. But what could it be? Much as I love
Barron's, I trust the stock market more. If I read the stock market
correctly, it's telling me that there is a surprise ahead. And that
surprise will be a reversal to the downside for the economy, plus a
collection of other troubles ahead.
About Dow Theory -- First, we saw the recent April highs in the
Averages. Then we saw a plunge in both Averages to their May 7 lows --
Industrials to 10380.43, Transports to 4298.12, next a short rally. If
ahead, the two Averages turn down and violate their May 7 lows, that
would be the clincher. Such action would signal the certain resumption
of the primary bear market
Just as for years I asked, cajoled, insisted, threatened, demanded,
that my subscribers buy gold, I am now insisting, demanding, begging
my subscribers to get OUT of stocks (including C and BYD, but not
including golds) and get into cash or gold (bullion if possible). If
the two Averages violate their May 7 lows, I see a major crash as the
outcome. Pul - leeze, get out of stocks now, and I don't give a damn
whether you have paper losses or paper profits!
Read more: http://www.businessinsider.com/dow-theorist-richard-russell-sell-everything-liquid-you-wont-recognize-america-by-the-end-of-the-year-2010-5#ixzz0oIwobyWL