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go to web site perfectstockalert.com go to market analysis tab,click on markrt analysis videos,i'm sure you could use it
S2 since i respect your opinion on how thw market works.Was todays action more of a short squeeze.Everyone was expecting market to drop today,due to yesterday's late action and candlestick.
As a immigrant from Canada,it pisses me off when i here they talk of allowing people to stay that did not take the legal way to enter.To immigrate from Canada to the USA is extremely difficult.It took me 40 years to get here.I have traveled to more than 40 states and know more about the USA than most people i have meet here.I say if illegal send them back and reapply.Maybe crime would drop,how many cross with no intention of ever working.As far as the language,mark my words as in a Canada,QUEBEC came close to pulling the country apart in the 70's.What the English speaking Provinces gave up makes me sick.One day you will see,some new politcal person will demand SPANISH to be the 2nd language.All your children forced to take it in school,and on and on.Sorry guys just venting.
S2 Your saying a bear flag on the Q's.Mike Turner who sends out a trade of the week,calling for Q's running to 56.21,possibly starting Monday.Goes with your H&S.I just think he's early.Says run will go to July 1,than get out.
S2 Looks like we could hit 42 on the QQQQ sooner than expected.Do you feel the H&S is still in play.
S2 the new software you bought for the options,are you using it.Or because of the crazy market has it had an effect on perdicting its trends.Just thought we would have seen more picks.
Fish,your not the only one waiting for a turn,every site i use all have the same opinion.I make my living daytrading.The one thing i have learned is trade by what the chart is telling you.The one time i didn't was with MRVL cost me 100g's.for daytrade or swing trades you can use the following.When a stock is above its 5ema ,use the 10sma as support.once it moves below 10sma sell.This cross over is often proceded by looking at Full stochastic turning down.Use the Full stoch as the early warning system.Now sometimes the stock moves in a tight range and 5ema 10sma and full stoch maybe hard to read.Use the Macd it will be last to confirm the direction.Use the zero line on the macd as the support for direction of the stock.Pay attention to the the individual bars on the macd for highs and lows.They will show you early strenght or weakness in the trend.Once you use these indicators together and look at hundreds of charts you'll find they give you the best diection of a stock be it day trade or a swing trade.Hope it helps.
Fish,don't know how long you have been on this site.If you go back to the to old site MRVL,you'll see that i am a believer of using the 5ema.This winter I sent away for Mitch King CD'S.He took 15000,made it into 3.5 million.How using exactly what i do.I just could not believe it.Until any "SHORT" ETF is above its 5ema its not a buy.Everyone one wants to catch the bottom.Will it be Monday,I think the big boys will let the earning season run another week or two.I suppect more of a sideways move for a few days,than a possible big "doji".with move above the 5ema.That will be the turn.MHO.
S2 Thats not trading thats gambling.Have to wonder if its his own money.
S2 if you have time.How exactly does the gov't support the market to go higher.Do they actually buy stocks via a 3rd party.Just wondering how its done.
S2 I did some back checking on the earning for last 3 weeks.Stocks that reported poor results and downside guidance had some huge one day gains.Never made sence other than short squeeze.And retail stocks running up here,what the hell just madness.
S2,Question,if the qqqq's are going to 50,why not buy option on them short term.Witch one as i know noting about options.In it's favour 10ema crossed over 10sma,stock price above 5ema and macd about to cross over.On the negative, volume could be better,plus price below 20sma.
S2 do we get a move up now to complete the 5th wave.
S2 any words of wisdom,for month of DEC.
S2 Whats your feeling on the market,girls most be keeping you busy.
S2 THANKS
S2 What makes you think qqqq will run up?
S2 Some talk out there on this head and shoulders of the Dow.Support at 8220.Do you think we head lower Monday or will it be a squeese on the shorts.I ask because you sounded as we may move higher or am i wrong.
S2 See your not using the 10ema and 10sma cross over.As you can see GENZ crossed over and MACD looks to move up.My thinking GENZ could move higher going into first couple days of JULY.ACXM had crossed over and MACD was trending down.Opinion if you have one.thanks.
S2 Is it possible to add a box for target price on each stock.Or are you going to sdvise when to sell.Thanks.
S2 Thanks for the heads up.
S2 The new software you purchased,does it due other options other than seasonal trends.
S2 If i could ask,why go with OCT.With major sell off expected than,don't you think AMGN would be effected.And a rally in June,odds would be better for the July option's.
S2 am i missing something here,i don't see any calls or puts for august on ARO.
S2 with this expected pullback,are you staying in your XLB position or selling and re-buy later.Reason i ask if we have a pullback won't it make sense to take your profit and re-entr.As a daytrader i have never played options.Like to be in and out asap.They only stock i held was MRVL because i thought everyone knew something i didn't cost me 45k.Your posts on the call's and puts are easier to understand than some of your options on the mrvl board.I must have to omit that i always thought that once you bought a call or put it had to be in the money to sell.So i stayed away and never looked into them.So when you take a position what quidlines could you offer as i plan to paper trade your positons to get my feet wet.thanks
S2 Sometimes hard to follow all these wave counts and abc's.So that i am clear if we break 1200 on S&P in May the 5TH wave will not be drop back to 750 or lower.I'm hoping we do get sell off since i never took any long positions for long term as expecting the pullback as you suggested we would have.Just building account on daytrades to take advantage of future lower prices.Or did i miss the boat.Hard to tell with all the noise we get from all the "experts"on CNBC.I value your opinion.THANKS.
Yea they count,but yet to see one job created yet.More people in trouble today than six months ago.
S2 Their are a ton of gaps to be filled.Interesting how many stocks are rising and 10 sma above 10 ema,tells me caution ahead.
S2 VIX closes on lower support,and s&p just below 100MA.Either we sell off or going higher Friday,you agree.
S2,Did Moe have any comments on today's late rally.Seems everyone on TV tonight have become bulls.If we have a pull back do you have any numbers in mind.Thanks
AND cramer said buy semi'd on Wednesday,LOL
https://www.signalwatch.com/markets/markets-dow.asp ,They say low before july,your going with low in fall,who's right?
S2 Obama has stated we are in trouble because of past policy's,so they are going to do it their way,come hell or high water.You think his visit to Canada was for tea.As a ex,Canadian Obama looks like he wants to follow them.Social medicine,high taxes(i was at 55%)no tax deduction on home morgages.
I have used the 5ema for years.It gives me a heads up early for daytrading.I find it easier to read the chart also.I also use a 1 min time frame for first 30 min,then switch over to 3 min,again easier to read chart.
I don't know if we get that wave,I hope so.But after todays budget seems the market wants to go lower.
Correction.Try useing 20sma for for resistence and support on day trades.I find once the 5ema and 10 sma cross over and through the 20sma confirms a tread.Note i use 5ema.IF you look at DIS chart you will see how the 10ema and 10sma could not cross over the 20sma.
Try useing 20sma for for resistence and support on day trades.I find once the 5ema and 10 sma cross over and through the 20sma confirms a tread.Note i use 5ema.IF you look at DIS chart you will see how the 10ema and 20 could not cross over the 20sma.
FYI-08:06 JMP initiates the Semiconductor sector with an Underperform
JMP initiates the Semiconductor sector with a Market Underperform and a 180 target on the SOX. The firm says recent appreciation in semiconductor equities appears to be discounting a recovery that they believe is both premature to dial into forecasts and likely to ultimately disappoint when it arrives. In addition to macroeconomic adversity, the firm says the industry is also lacking in meaningful product cycle catalysts to absorb excess inventories and manufacturing capacity likely to persist well into the second half of 2009. The firm says despite their cautious outlook, they rate NVIDIA (NVDA) Outperform owing to differentiated technology positioning, distracted competitors, and new product initiatives such as Tesla and Tegra. They also rate NetLogic (NETL) and QUALCOMM (QCOM) Market Perform owing to sound and relatively uncontested 2010 prospects, but that must be weighed against considerable near-term uncertainty. The firm also initiates Advanced Micro Devices (AMD) tgt $1.85, Broadcom (BRCM) tgt $13, Cavium Networks (CAVM) tgt $8.50, Intel (INTC) tgt $11, Marvell Technology Group (MRVL) tgt $6.50, Texas Instruments (TXN) tgt $13.50, Volterra Semiconductor (VLTR) tgt $6, with Underperforms
S2 I can see your logic on these charts,however maybe we have to throw logic out the window.My experience has been the larger the spread between the ema and sma the greater the move in that direction.The spread has increased in this downward tread.Until we cross back over the 5ema we continue down.To me that is the safe play for now.In your system you use the cross over of the 10ema and 20 sma and tread line.As i see it the qqqq's high was below the 5ema and trend line.(drawn from feb,10th)The safe entry on this move on the qqqq's maybe 29.30(5 ema at 29.26)and target of 30.00 as 10 sma is 30.05.My fear is the doji on friday was more of the news that came out late in the day.Who knows how the govt will screw things up this week.I think any entry point has to be above the high on friday.Use the 5ema with he others i like how often it hits the high's and low for the daily chart.S2 the reason i bring all this up,your post #191 deals more with cross over's where as these recommendations are a bit more involed.