Red, I don't think we see 1200 this year, it seems too obvious that we make another leg higher after a slight correction. I think the markets will fool the majority and grind lower with no new highs. Remember everyone talking about a final leg lower after March 2009 that never came … BTW : YOu have a great blog here. Keep it up !
“The Grim Reaper”… what a cool name. Bummer about him shutting down… but at least he still posts on other blogs regularly. I couldn't read his blog the last time I checked because it was by invite only or something?
Glad you made some money today. It's about time some of us bears get to eat a nice dinner for a change. As for BIDU, it almost hit that target today. Add that to the SPY print today of 119.35 on the 10 minute chart, and that could be the finally high before the plunge.
Don't know if it will happen tomorrow, or Friday? But I do believe that we are being told that the market is going to correct very soon.
I would love to see that SPY high, so I can short some more. We'll see tomorrow I guess.
I made 3 perfect shorts today I would like to share since it was a rare day to get all three correct lately. I did research last night and had them lined up ready to go this morning…. I know the stocks below inside and out and how they act compared to their “sisters” AA,AKS, STI,RF ect… I checked the news for all of them, had my coffee and was ready to go.
I have 3 monitors and watch everything like a hawk including CNBC on low volume( like to hear important things). I entered X 1000 short and ZION 5000 short as soon as they went red… they were easy in the morning and just had to set my stops though out the day…. it was CENX that didn't want to give in. but when I saw Apple dumping in the corner of my eye (late day) and saw AA go under support at 14.80 I clicked the short button of 8000 shares of CENX without even looking and market order too! bang it drops…I'm screaming! laughing ! 1000 negative TICK! 1200 neg tick 1400 neg tick! laughing … I set my stops all the way down and making them tighter and tighter knowing full well the “buy the dippers” would be coming. and they did stopping me out…
to short in this market I do several things now ….well at least for a day trade and when I go in heavy like I did today.
SPX is red. Stock you want to short is red stock you want to short got negative news stock you want to short is overbought stock you want to short has sector wide negative news. know your support and resistance and that includes “sister” stocks. A new high that goes read the next day is sometimes a good short …X..and ZION ! would you want to be the last dumb ass to buy in?, i bet you would have a tight stop.
ok got to go, talk tomorrow.
Red … the print on BIDU was real from way back…. and Reaper is taking time off too from his blog
LOL… Sorry, I forgot about the ladies for a moment. Yes, you girls want to take your turn dancing with the handsome fellow. (And us guys will take the pretty lady of course). Start the record please, and turn up the volume.
TNA today went from a hold to a low reliability SELL-IF signal. The TNA buy was at $56.50. TNA closed at $59.59, up 5.4% since the buy. The candlestick today High Wave (a great amount of indecision in the market). The last two candlesticks form a low reliability Bearish Harami Pattern.
TZA yesterday had a highly reliable SELL-IF, but got no confirmation so the SELL-IF has been extended one day. Yesterday, TZA was a hold, down 8.2%. The buy price was $7.04. TZA closed today at $6.51, down 8.1% since the buy. The candlestick today was a White Spinning Top (complete indecision between the bulls and bears).
Three recent TZA Buy signals have failed and may perhaps serve as a warning: Buy at $7.33, sell at $7.14 Buy at $7.11, sell at $7.05 Buy at $7.04, now down 8.1%
For that matter, recent TNA Buy signals (until this last one) have also been uninspiring: Buy at $55.36, sell at $55.43 Buy at $55.69, sell at $55.63 Buy at $56.50, up 5.4%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive): Hold: GOOG(down 0.5%), New Confirmed BUY: GS
Transition to Market Positive: Not Very Reliable BUY-IF(2nd day): AMZN Highly Reliable SELL-IF (2nd day): TZA (-3x, down 7.5% )
Transition to Market Negative: Low reliability BUY-IF: DRV(-3x), SRS(-2x), RWM(-1x), TWM(-2x) Low reliability SELL-IF: DRN(3x), QQQQ, IWM(1x), UWM(2x), TNA(3x), URE(2x), IYR(1x) Not Very Reliable SELL-IF: DIA , AAPL
Market Negative: Wait: SPY Hold: DTO(-2x oil, down 13.1%)
Comment: market more negative than yesterday Action for tomorrow: Possible Sell of TZA, Possible Sell of TNA
Ahhh… so here's the reason blamed behind the selling around 2pm today. It seems that Tom Hoeing, President of the Federal Reverse Bank of Kansas, came out today (around 2pm est.) and stated that he thought they should raise the interest rates to 1%.
Are they preparing us for the coming meltdown? It seems so… We must keep our ears open, as they are now letting the market know ahead of time… that more bad news is coming.
Red, I don't think we see 1200 this year, it seems too obvious that we make another leg higher after a slight correction. I think the markets will fool the majority and grind lower with no new highs.
Remember everyone talking about a final leg lower after March 2009 that never came …
BTW : YOu have a great blog here. Keep it up !
“The Grim Reaper”… what a cool name. Bummer about him shutting down… but at least he still posts on other blogs regularly. I couldn't read his blog the last time I checked because it was by invite only or something?
Glad you made some money today. It's about time some of us bears get to eat a nice dinner for a change. As for BIDU, it almost hit that target today. Add that to the SPY print today of 119.35 on the 10 minute chart, and that could be the finally high before the plunge.
Don't know if it will happen tomorrow, or Friday? But I do believe that we are being told that the market is going to correct very soon.
I would love to see that SPY high, so I can short some more. We'll see tomorrow I guess.
hey gang, hope everyone made money today.
I made 3 perfect shorts today I would like to share since it was a rare day to get all three correct lately. I did research last night and had them lined up ready to go this morning…. I know the stocks below inside and out and how they act compared to their “sisters” AA,AKS, STI,RF ect… I checked the news for all of them, had my coffee and was ready to go.
I have 3 monitors and watch everything like a hawk including CNBC on low volume( like to hear important things). I entered X 1000 short and ZION 5000 short as soon as they went red… they were easy in the morning and just had to set my stops though out the day…. it was CENX that didn't want to give in. but when I saw Apple dumping in the corner of my eye (late day) and saw AA go under support at 14.80 I clicked the short button of 8000 shares of CENX without even looking and market order too! bang it drops…I'm screaming! laughing ! 1000 negative TICK! 1200 neg tick 1400 neg tick! laughing … I set my stops all the way down and making them tighter and tighter knowing full well the “buy the dippers” would be coming. and they did stopping me out…
to short in this market I do several things now ….well at least for a day trade and when I go in heavy like I did today.
SPX is red.
Stock you want to short is red
stock you want to short got negative news
stock you want to short is overbought
stock you want to short has sector wide negative news.
know your support and resistance and that includes “sister” stocks.
A new high that goes read the next day is sometimes a good short …X..and ZION ! would you want to be the last dumb ass to buy in?, i bet you would have a tight stop.
ok got to go, talk tomorrow.
Red … the print on BIDU was real from way back…. and Reaper is taking time off too from his blog
LOL… Sorry, I forgot about the ladies for a moment. Yes, you girls want to take your turn dancing with the handsome fellow. (And us guys will take the pretty lady of course). Start the record please, and turn up the volume.
Or good looking boys! Thanks Red.
The Daily view from Americanbulls
TNA today went from a hold to a low reliability SELL-IF signal. The TNA buy was at $56.50. TNA closed at $59.59, up 5.4% since the buy. The candlestick today High Wave (a great amount of indecision in the market). The last two candlesticks form a low reliability Bearish Harami Pattern.
TZA yesterday had a highly reliable SELL-IF, but got no confirmation so the SELL-IF has been extended one day. Yesterday, TZA was a hold, down 8.2%. The buy price was $7.04. TZA closed today at $6.51, down 8.1% since the buy. The candlestick today was a White Spinning Top (complete indecision between the bulls and bears).
Three recent TZA Buy signals have failed and may perhaps serve as a warning:
Buy at $7.33, sell at $7.14
Buy at $7.11, sell at $7.05
Buy at $7.04, now down 8.1%
For that matter, recent TNA Buy signals (until this last one) have also been uninspiring:
Buy at $55.36, sell at $55.43
Buy at $55.69, sell at $55.63
Buy at $56.50, up 5.4%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive):
Hold: GOOG(down 0.5%),
New Confirmed BUY: GS
Transition to Market Positive:
Not Very Reliable BUY-IF(2nd day): AMZN
Highly Reliable SELL-IF (2nd day): TZA (-3x, down 7.5% )
Transition to Market Negative:
Low reliability BUY-IF: DRV(-3x), SRS(-2x), RWM(-1x), TWM(-2x)
Low reliability SELL-IF: DRN(3x), QQQQ, IWM(1x), UWM(2x), TNA(3x), URE(2x), IYR(1x)
Not Very Reliable SELL-IF: DIA , AAPL
Market Negative:
Wait: SPY
Hold: DTO(-2x oil, down 13.1%)
Comment: market more negative than yesterday
Action for tomorrow: Possible Sell of TZA, Possible Sell of TNA
TMF Daily 30 year treasury bull 3x
TMV Daily 30 year treasury bear 3x
Ahhh… so here's the reason blamed behind the selling around 2pm today. It seems that Tom Hoeing, President of the Federal Reverse Bank of Kansas, came out today (around 2pm est.) and stated that he thought they should raise the interest rates to 1%.
http://kansascity.bizjournals.com/kansascity/st…
Are they preparing us for the coming meltdown? It seems so… We must keep our ears open, as they are now letting the market know ahead of time… that more bad news is coming.
Selling should start very very soon now…
I guess it could go sideways for a few more days. Guess we will have to wait for that gap down.
Yes, they actually could for me! But glad I have you hear to clear it up!