SPX Ranges (Short-Intermediate) / Breadth Charts (NYAD, NAAD, VIX, NYHL, NAHL) / European Markets (DAX, CAC, FTSE)
Imperial Bolter - Astartes MK Vb Godwyn Pattern
—
We just started a new month, a new beginning. Hardly new, the market is still trading in a neutral range. The possibility of an H&S is still present, though this pattern takes months to form. For those that believe the H&S pattern is hocus pocus, let me remind you that the pattern marked the top in 2007 with a neckline break on the 1st week of January 2008. As a short-term trader, I have to take advantage of intra-day and multi-day swings, prior to any breakdown (or a rare failed pattern breakout).
Besides the magical lines on the charts, keep an eye on the 20- and 30-day MAs. We’ve been trading in this narrow range for the past 3 days. The 20 is located at 924 and the 30 is at 919. For the day, I will focus on the 905-928 range. For the intermediate, I would focus on 895-930.
I took a look at the breadth charts, mainly the NYSE NH-NL’s ($NYHL), NASDAQ NH-NL’s $NAHL, VIX, NYSE A-D line ($NYAD) and the NASDAQ A-D line ($NAAD). The New Highs-New Lows Index is on it’s largest cumulative positive strech since the bear market started. The VIX is back to pre-Crash levels.
The most interesting thing that I found was when I compared the NYSE and NASDAQ (COMP) indices with their respective Advance-Decline (A-D) lines. The COMP is outperforming the NYSE, however, if you look at the A-D lines, the NYSE internals have fared much better.
Finally, on the bearish side, the European indices ($DAX, $CAC, $FTSE) are all forming bear flags. The 20-day MAÂ served as the principal support level for all three, but they have now turned into resistance.The Asian markets are still level.
Ah, tos charts. Good to know you’re one of the ‘good guys’.
In other news…this can’t be good for ABT (Vicodin), ENDP (Percocet), or perhaps even JNJ (Tylenol):
Panel Recommends Ban on 2 Popular Painkillers
I like Percocet. It would be a shame if it was banned…not that I use it anyway.
Its time again for some FXP and the new triple bear diETF for developed markets, DPK … and emerging markets, EDZ
UIS news … http://www.earthtimes.org/articles/show/unisys-corporation-announces-private-debt-exchange-offers-and-consent-solicitations,878805.shtml
Juicey… i’m in UIS also. A little unsure this morning what the street will make of this news. I do know this exchange offering has been out since April, and this is a new revised deal. Looks like terms are a little worse than the last offering which expired as of midnight. So i dont believe and i’m hoping its not a drag on the stock today.
Hey CA,
what are your thoughts on MRGE?
thnx in advance.
Fuck banning Vic’s…WTF..just make everything fucking legal, tax the fuck out of it, and see who is still alive and using in a year..Obama you gay f uck-bitch…we are becoming the USSA..God Damn pathetic…our liberties and freedoms are being eroded each day….when the economy eventually succumbs to this sugar induced stimulus shit-tard high…the revolutuion can begin…Obama is shit, I want Vicodin,and a joint, and a bump, and 3 coffee’s for breakfast…so go fetch it bitch.
I don’t think the FDA will act on this at all. Dumb as dumb gets. The issue is unintentional overdose of a single component in these, that’s also in Tylenol. Tiny numbers of problems - I’ll bet far less than caused by patients taking Tylenol at the same time as dozens of other over the counter medications that share the same component.
Watching MDZ, APPY (pure speculation, I don’t like the science), MENT, and maybe ALGT - 38% short float on this profitable airline.
As far as APPY goes - chart and volume seem good for something. Company is riding on a blood test to help diagnose appendicitis in the ER. I’ll tell you first hand, any blood test for this will always be just another (expensive) mousetrap compared to the doc’s “gut check” - his / her own that is - and a couple of simple things and observations that we’ve used for 100 years.
PPHM
Peregrine Pharmaceuticals announced that it has been awarded a European patent for a novel device and methods for linking biological agents to labels for diagnostic and therapeutic applications. The technology, which is known as In-Line labeling, was developed for the production of radiolabeled anti-cancer antibodies, but is applicable to other agents as well. A study published today in the July 2009 issue of The Journal of Nuclear Medicine confirms that In-Line labeling can dramatically reduce the complexity and cost of producing radiolabeled cancer drugs. In-Line labeling is already being used for the production of Peregrine’s radiolabeled antibody Cotara, currently in Phase II trials for the treatment of glioblastoma multiforme, a deadly form of brain cancer.
IMMR
ouch - that’s REALLY gonna leave a mark
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090701005292&newsLang=en
LEA,
I know quite a few took the bet on this one and are still hanging on for a lotto ticket but the rumors were true.
The Detroit News reports that Lear (LEA). is poised to file for bankruptcy protection as early as today…
A good trading rule to write down - buy a rumor that GOOD shit is going to happen not because bad shit might NOT happen.
How ’bout we just short AIG back to $1?
FRPT is down huge after losing a contract.
Lots of eco reports today. Good luck.
Any long thoughts from the shorters out there on ALGT over the very short term? I was thinking it might be a buy if it starts to move again rather than consolidate.
Although I picked up TLB on a bull flag with a high short float - ALGT doesn’t have the same pattern. These are far different companies of course.
.17 cent stock:
ANAHEIM, Calif. , July 1 /PRNewswire-FirstCall/ — Today SIONIX Corporation (OTC Bulletin Board: SINX) Chairman of the Board, John Pavia , participated in a studio TV interview at Fox Business news in Manhattan . The segment appeared on Fox Business Morning anchored by Connell McShane .
In regard to the interview, Pavia stated, “This was a great highlight to a very exciting few weeks for SIONIX Corporation . We recently delivered our first commercial production version of the Elixir 225-P/RO Unit for Brine Water treatment to our customer in Arkansas , and we were able to discuss the unit on the air with a large national audience. We discussed a variety of important issues in regard to not only Brine water treatment, but a myriad of possibilities for utilizing the SIONIX water treatment system for human and industrial applications.”
I’m loving BORL this morning.
08:18 AM Eastern Daylight Time, 07/01/2009 (MidnightTrader) — Borland (BORL) shares are higher in premarket trade after Micro Focus sweetened its cash offer to $1.50 per share from $1.15 per share, topping a proposal made by an unnamed bidder last week. That deal would value BORL at $113 million.
Last week, BORL said in a filing that the strategic buyer had increased its offer proposal to $1.25 in cash. The company said it had opened its books to the unnamed party for due diligence.
Price: 1.50, Change: +0.21, Percent Change: +16.28
http://www.midnighttrader.com
Meanwhile SPPI is getting clipped. May buy this dip.
08:04 AM Eastern Daylight Time, 07/01/2009 (MidnightTrader) — Spectrum (SPPI) is selling 2.9 mln shares and warrants to puchase up to 1.46 mln additional shares. Each unit, consisting of one stock and one warrant to purchase about one-half of a share, will be sold for $7.1525.
Price: 7.20, Change: -0.45, Percent Change: -5.8
http://www.midnighttrader.com
MTG looks good over 4.50, but it has been hit with a with a 500M securities class action suit.
NYSE A-D decline looks better than Nasdaq A-D line because NYSE one is distorted by a lot of listed non-operating companies like preferred stocks and closed end funds. Lowry has an adjusted NYSE A-D line which includes just operating companies and that one topped out in May.
MONROVIA, Calif. –(BUSINESS WIRE)– AeroVironment, Inc. (AV) (NASDAQ:AVAV) was awarded a Phase II contract extension in April from the Defense Advanced Research Projects Agency ( DARPA ) to design and build a flying prototype for the Nano Air Vehicle (NAV) program. As part of this program AV has accomplished a technical milestone never before achieved: the controlled hovering flight of an air vehicle system with two flapping wings that carries its own energy source and uses only the flapping wings for propulsion and control.
AV achieved the milestone in December 2008 with the successful 20-second flight of the ‘Mercury’ interim test vehicle. The nano aircraft is capable of climbing and descending vertically, flying sideways left and right, as well as forward and backward, under remote control.
FLAPPING WING?
retox, do you own PPHM long term?
bigwup,
no PPHM, just looking for a possible quick scalp if this news moves it.
you?
i am long in the .40s and friend owns almost 300,000 shares in the .40s too
SINX it is…
no shit - nice!
the MMs kill pphm every chance they get
CRGN…imminent breakout…
Out BORL at 1.53, +.25
SINX - no volume = not for me…
Out SPPI at 7.00, +.46. Left some $ on the table there.
what happened to the lady pics? feeling a bit more aggressive today?
FOE b/o - can’t even remember why I picked it up…
MDZ in at 5.52
TSTR in 1.66
QTM strong open, watching for a pullback
C-N-G remember CRGN is being bought in a stock deal by CLDX. Should move relative to that stock, if you’re betting on CRGN your basically betting on CLDX
What is up with AIG??
CA you still posting your trades?
TSTR PT = over $2
weather could be a problem today but I’m willing to play this game (with a small position)
Bought CRGN $1.4595
retox - what setup you waiting for on /es today? Do you trade pivots and value area?
TerreStar will launch the world�s largest commercial satellite, TerreStar-1! Please watch this extraordinary event and enjoy the excitement surrounding our game-changing satellite terrestrial mobile service.
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Here is the logon:
http://terrestar.cmail5.com/ei/y/0D/913/A3B/csimport/logon_4.jpg
AIG had a stock split after the close yest.
By now, everyone should be able to find their own setups. I am putting a limit on what I post and what I don’t post.
WTF happened to ~20% jump in APPY pre-market? It opened flat!
UIS BTFO! just touched its YTD HIGH
dandle,
I trade basic chart patterns (wedges, flags, triangles, etc.) I especially like trades that play into support / resistance - a falling wedge into a previous day low for example.
I’m only halfway watching ES for right now - trading TSTR only and watching the launch - I’ll be back in ES later today (or if I happen to see a really nice set-up).
TSTR 1 minute - nice
SDTH, BIOS
You wont win big in CRGN, it’s being bought out. You are facing all the arbitrage desks who have more combined capital then all of us together. All your going to make is the time premium till the merger is expected to be complete and whatever movements occur in CLDX. No breakouts, save your capital and your mental capital for other things.
TSTR
Wind projection is now over the launch limit
70% - 80% change of T-Storms
http://www.wunderground.com/cgi-bin/findweather/getForecast?query=zmw:00000.1.81403&hourly=1&yday=181&weekday=Wednesday&MR=1
PissAnt….I know….but i disagree…CRGN will drag CLDX up…CRGN’s product potential is huge…doesnt close till 3rd quarter…and other things could occur. CLDX is okay for a trade too…but not mutually exclusive..hey I own it..so play or pass..appreciate the info though..and good luck.
Today I took a day off from work to watch stocks on IBC and CA says he is going to limit what he posts. That’s just my luck!
The CA has taught us all how to fish & now he is teaching us to be independent …..
Following CA, CRGN 10k @ $1.45
QCOR
DOCSPARKS,
What made you to watch MDZ? The chart or the news?
TIA
CA “catches fish” with this:
http://www.metalstorm.com/release/AGM2009-2.html
MDZ showing great volume, picking up the pace.
Anyone buying or adding to CNXT on this pullback? I noticed RC, CA and others bought yesterday at this level. Thx.
I will only list sells when I close my current positions. I won’t list my buy/sells for as long as I see fit. I asked more people to contribute ideas/trades for weeks now, but there was no improvement on that matter. Just so you know, out of all the bloggers on iBC, I hate leeches the most.
Flower; time spent at the feet of CA. 95% chart, plus I always read up my buys - can’t help myself, not very day traderish…not a win yet. PODD turned out to be worth 10% but took a couple of days more than I thought it would, this seems to be moving.
In for a bit of RSOL @ 2.65, a week or two holding period
Looking at CKSW, also HIMX
CA, was FOE your call?
You’ll keep posting pics of battle scenes and chicks, right?
I understand CA. No problem. I just don’t have the time to spend watching stocks all day with full-time job and family, and gain experience I need to know. Thanks for all your help.
I was long SDTH…
Amazing little run up.
Doc - yes
OSCI moving big time
UIS breaking from ascending triangle
DVA B/O
Already broke from ascending triangle
I for one will apologize to you CA. I try to post ideas as often as is possible. We’re all piggybacking you though, no doubt.
Ca shouldn’t really post every day trade he is doing although It is nice… to kinda though, get into his brain and see what he looks for.
CA,
comment on PWAV?
marking it as so in my book CA - thx
Post your picks…..people buy and run the stock higher for you….you could look at it both ways
CA - will you continue to reply to ideas?
How about MTW on the daily?
I have bought a slew of diETF’s … first round .. will add more over the following weeks, unless the market decides to blow over 1K … I don’t see it but you never know.
FXP
ERY
SRS
EDZ
BGZ
DPK
Only holdings are PALM from last week and CWTR from yest. I think PALM can hit $20 and CWTWRcan hit $7.
We’ll see.
PWAV looks good, just be mindful of that late Oct 2008 breakaway gap.
MTW - maybe for a quickie.
—
bigpun - right. I don’t usually post day trades, because of time pressures.
Hope i’m not jinxing it, but UIS volume already 1M shares above yesterday’s total volume…. $2 could be on the horizon by tomorrow.
JAZZ
Watching HL closely
Here’s a trade idea. Buy FTK. I just got rid of it at a double digit (thousands) loss so it will no doubt skyrocket now. Same for TRID.
The “buy whatever Shawnk3 sells” method is the most profitable trading pattern that exists today.
SOLD CPSL @ 2.69 +.20
Thanks CB
RUTH might be almost ready again. above $3.90. $3.90 would break a consolidation trendline from the May highs. might push it higher again. thoughts?
ATSG may still have legs .. probably not today, but one to keeps your eyes on or take a small tracker position.
shawnk3… Don’t mean to rub it in. But why do you let a loss get that big? To be a solid trader your biggest loss should never exceed your biggest gainers. You have to cut those losses sooner.
TSTR
Weather looks no good. Going to hold my initial 1.66 position with no stop. If/when the launch is cxl today, it should sell off giving me another entry point to average down.
I could sell now for +.02 but, If the weather clears, I would not have another entry chance.
I’m pretty sure we’ve established by now that this will move over $2 on a successful launch - whenever it happens.
i will repeat my vote for HAFC - should hit 2 in the next days.
disclaimer: long 1.55 avg.
CAEI could also be a low-risk entry here with a stop just below today’s low
shawn -lol. You calling urself a contrary indicator?
Juice -I think ur right.
Picking up a little MEXP .13/.14 long-term sunken treasure pick.
put my money where my mouth is:
CAEI 1.91
Long FAZ, stop under low of day
Tomorrow morning is employment report. I think it is too risky to hold anything into tomorrow. Better close everything today and tomorrow start fresh.
Done for today - the real job is calling.
Taking CWTR and PALM w/ me into tomorrow. Wide stops in place for the day just in case either nose dives.
Good luck. CA - sweet call on UIS - not in it but obviously wishing I grabbed some on your call.
Pissant - You’re right. I usually keep a closer eye but FTK and TRID were “holy grails” which I gave too long of a leash to.
CA - Absolutely. My negative effect on a stock price (positive if I’m shorting it) is unrivaled. I’m actually responsible for a couple of your picks not going through the roof. According to one of my friends (a real trader, one who makes a profit), “bro….I swear, if you went into the cometary business, I think people would stop dying tomorrow.”
Btw, I bought JAZZ at $4.05 LOL.
ACAS - watch for B/O on 1 hour
SHORT JAZZ!!!!!!!!
haha jk jk… i understand shawn, i’ve had those trades back in the day, leaves a sour taste.
Got stopped out of JAZZ at $3.93.
STP is consistently moving up.
lol…
anyone like PWAV here?
anyone still in UIS?
ES shrt 924.75
I am bigwup. Watching ACAS and BZ
BIGWUP - If you follow the chart and have learned anything from leeching on people, you’ll know that the chart and breakout are solid. Don’t ask dumb questions. Start thinking loser!
hey grouch suck it
just sold UIS…busy day at work…so dont have time to follow it.
great call CA! you are the man! don’t let anybody tell you differently!
please keep the posts going and the great trades going!
Watching CIM also. Seems the edit post option dissapeared, what gives?
CA- in terms of SPX…now hovering around the 930 level. If we get a close over 930, would you agree that a move up to at least 945 or even a retest of 956 is probable? thx
Yo CA. When one of your plays is spiking I know you watch the candle position in the BBands. I’m assuming you use the standard 2.0? Also, how much of the candle must be penetrating before you sense exhaustion?
Liking FITB above 7.20. TOMO looks quite intriguing to me too on the daily.
Yup I’m in UIS…volume looks good today to support the breakout
CA - I suggest you start a reality show where you turn an absolutely cursed trader into a profitable one…kinda like Biggest Loser. I volunteer to be contestant number 1 and I can assure you I have very strong credentials.
Btw, XXX (below) is the guy that came up with the “if you went into the cometary business…” line.
June 16th-
10:42 AM XXX: bro…check out pphm…some promising news today
10:45 AM me: thanks for the heads up
10:46 AM me: you think it’s too late to get in at $1.09?
11:13 AM me: and in case you’re wondering why PPHM went from $1.09
to $1.04
yes, your guess is accurate
your boy jumped in at $1.09
only 3000 shares though
11:14 AM XXX: lol…nah it’s not because of you…its just the natural swing motion
me: ok
XXX: hopefully we’ll be okay…I’m in at 1.06 avg
maybe a good 1 month hold
–June 17th (PPHM hits $.80)—
2:28 PM XXX: bro…I will pay you to jump out of PPHM
2:29 PM XXX: seriously…I’m holding too many shares to watch it go to zero
thoughts on DYAX hourly?
traderkeith and mike thanks for the reply
ES cover 925 -.25
ES traded up to a potential perfect right shoulder level this morning - there should be lots of swing shorts that entered (me included). If it takes out the morning high it will smoke higher as we cover.
DYAX is fine on both hourly and daily. It is on my list, but the profit potential (t vs. $) isn’t as great as, let’s say, UIS.
I think anyone can be a great trader, but only if they work at it.
I do use the standard 20, 2, 2 for the bollingers. Either there will be a topping candle or more than half of a white long body must be outside of the upper deviation.
Let me also add that if your primary reason to trade is to make money by play other people’s plays, then you will never, ever be self-sufficient. You will be dependent on other people, a slave to others’ thinking.
pissant are you from austin?
Orginally, born and raised in San Antonio… made my way up to NYC working on wall street. Now i’m an independent daytrader after all this hoopla in the last year. Huge Longhorn fan.
tstr
I see pissant…I live in austin. Been here for 10+ years.
Nice man, i miss Texas, though i head down there to hunt about 3-5x a year. Always said Austin was the best party city.
TSTR - it’s on bitches!
well, maybe - will hold at 7 minutes due to upper level winds - 5 hour launch window
TSTR live: http://www.videocorner.tv/videocorner2/live_flv/index.php?langue=en
wtf, tooks some ATSG 2.43 … small … may double the position shortly
Hell yeah austin is the best party city in texas….SO many fine girls downtown. They make my girlfriend very jealous haha.
PS: TSTR IS ON
Bought ATSG $2.44/2.45
Bought SRS @ 19.05.
doubled ATSG 2.45
ATSG primed for a breakout, i have yet to buy though. Has to get through 2.45
wow we all posted on ATSG at the same time lol
Opinions on ALTH?
Hey guys,
Sorry for the sidenote, but just wanted to let you party guys know about the Calgary Stampede, best party in town for 10 days. If you’ve never been here to Calgary, Alberta, Canada for it, you gotta come. Its starting this Thurs and its a huge party everyday for the next 10 day. Check out the links below. Cowboys night club is the place to be, its got girls comparable to the ones that CA posts!
http://cs.calgarystampede.com/music/coca-cola-stage.html
http://www.cowboysniteclub.com/
Lets go UIS!
I guess that means we’re doing something right, eh PissAnt? ..That or we’re all equally dumb. : )
A few ideas:
KONG (chart looks good, also a value play)
XIDE may be good for a bounce play.
I have been mostly trading bear indexes these days. missed a lot of opportunities in mini.
Just followed CA today into CNXT (very small position), CRGN (small position). I do not know why. But I feel pretty worried these days about low priced stocks. (Possibly un-rooted fear).
FYI re. HGSI
ROCKVILLE, Maryland, July 1 /PRNewswire-USNewswire/ — Human Genome Sciences, Inc. (NASDAQ: HGSI) today announced that it expects to have top-line results available on Monday, July 20, from BLISS-52, the first of two pivotal Phase 3 clinical trials of BENLYSTA(TM) (belimumab, formerly LymphoStat-B(R)) in systemic lupus erythematosus (SLE).
(Logo: http://www.newscom.com/cgi-bin/prnh/20080416/HGSLOGO )
Senior management will host a conference call to discuss the results on Monday, July 20, 2009 at 8:15 AM Eastern. The BLISS-52 data will be submitted for full presentation at an appropriate scientific meeting.
6/12 Lazard downgrade, skeptical of the drug’s success. http://news.moneycentral.msn.com/ticker/article.aspx?symbol=US:HGSI&feed=AP&date=20090612&id=10002353
Hence northern star pattern. Liked the phase II results, but may get out at next opportunity.
NXG flat-basing after breaking 3 downtrend … $ cracking, gold up .. took some 2.23
looks like MENT was a better trade (this am) than MDZ - didn’t have enough free cash for both.
TSTR
http://money.cnn.com/news/newsfeeds/articles/djf500/200907010815DOWJONESDJONLINE000389_FORTUNE5.htm
ATSG new 52 week high
atsg is so hot
Nice call om the ATSG guys … however I am saddened to admit I haven’t seen it coming and although I had my buy order all ready to initate the trade I cancelled it …. I am heaving serious confidence issues lately making any good trades ;-(
Milan - How big are your orders compared to your portfolio? Make sure you keep it max 10% or so… any larger you’ll have trouble holding it, worrying about taking a huge loss. I’m pretty confident that all traders here have had their issues with making the trade the correct size for their risk profile. The moto i have to bet more to earn/win more, is so untrue. You never let the stock move play out if you buy too large, your emotion takes over.
Just wanted to get some of your thoughts on position sizing and stops? I know CA uses mental stops and looks at some MA’s to get out. What do some of you other traders use to manage your risk so that you dont load up on one stock and then have it blow out your portfolio? I size it based on the entry price-stop price and how much I am willing to lose on each trade, which is a % of my overall portfolio.
Any thoughts? thanks!
ES Short 926
ATSG going higher, but i’m out @ 2.67… cant go wrong with 8.5% gain in 30 mins
In the spirit of sharing: After reading many Chart Addict’s posts, I’m now trying to scan and pick my own trades (not daytrade though). The two picks that are holding up well are QCOR (in 4.64) and AKRX (in 1.14). The others are INCY (in 3.39), GNBT (in 0.62) and HGSI (in 2.87). I’ve been looking for hopeful chart patterns, hopeful business news and some short float, in the affordable price range (for my tiny IRA account). Thank you, Chart Addict.
CA…do you use stockcharts.com for all of your charting? What subscription do you subscribe to?
retox,
Do u think realy we need what ur posting here…whats u see inES short….toomuch spam from u
I LOVE stockcharts.com. It is my only third-party charting tool.
CA,Are you going to hold CRGN over night …looks valume slow down
ES cover
925 +1
QCOR may have another push
@pissant you are absolutely and positively correct 100% How is that for a statement! I use way to much risk and my trade sizes are larger then 10% due to limited dollar amounts currently in my capital I am chasing apprecitation through accepting inordinate amount of risk. Being that I come from derivations (floor MM/local in futures and options in Index and bonds) this is totally a new way for me to get back to trading and cutting my teeth as I go along finding a right way for me to trade. Due to my background experience I need immediate moves confirming my thesis as I have a serious lack of patience in holding positions long term especially now when I need my money to be put in play. One adjustment I made since being here is reducing my number of potential stocks/etfs trades to 10 or less and learning to use technical analysis (especially short term) more and more although I am nowhere yet where I would be confident in my foresite. Anyways thanks for the good advice.
CA - quick question, maybe a bad one, but I am curious…
Regarding your leeches hatred and posting your buys, do you think the added volume surge from those here or on stocktwits that jump on board help push that stock higher?
Long PARD at 6.86
Retox, keep posting IMO
CA, how is StockCharts real time feed during busy hours?
MGI. Wowsers.
Well Ring,
“whats u see inES short” was a resistance point with an ascending wedge on dreadful volume and I just made an easy $200 on that trade.
I made over 20 points in ES last week - all posted live.
I’m up almost 10 for this week so far.
I typically trade avg 4 contracts (each being $50 per point). ($4000 last week $2000 so far this).
It’s actually a bit of a pain in the ass to post this so whatever…
um, I usually create a vol spike on my successive orders. The added vol doesn’t hurt, but with or without my readers, the chart will do what’s intended to do.
Stockcharts is good. I use it only for the daily to locate where the breakout is when it occurs intra-day.
Ring….don’t push it.
170k for sale in ATSG up @ 1.69…. i’ll rebuy if we break above that.
stopped out of CAEI
was a stupid trade
congrats on 200% CA
tstr just blasted off
TSTR launch conditions just went green (launch in 5 min)
retox - I am interested in the /es trades
Over 200% now. I am trying to break last year’s all-time high of +256%.
I had a great day in OLP…. $$$$* 4
i misfired on TSTR LOL
I welcome transparency. It’s the only way to make sure no one is bullshitting.
Anyone can be like, “oh, I bought such and such at $X price, when in fact, there is no documentation to prove such action”. Everything is bullshit, unless documented.
http://stockcharts.com/h-sc/ui
CA killer returns awesome
OREX busting out
Thanks. Just a straight guess, but on a call like ATSG for example, (I’m not in it) that your call must generate something near 20% of today’s volume. But I agree the chart pattern should take care of itself.
Cheers.
TSTR hold @ :23
will restart 7 min clock if they can fix
worth a look is IGTE - iGate Corp.
It’s near the high of day so watch for a breakout.
Best part, it’s in the top ten of all stocks, as rated by the PPT.
When might we get to view the charity bikini show pics? Come on, throw us one last bone.
ES is forming a falling wedge on 1 min
bought QTM 0.94, daytrade
Bought MRNA $1.48
No more adds for me. I’m done.
Sold UIS……..holding ATSG & CRGN
plz always talk in % not in $$$$$..im uo 213% YTD…….mostly i trade with CA
iGate is one of my clients enjoy investing ….
CRGN not looking like it wants to pop
Holding overnight?
–
Bought some UNG at these levels with a tight leash
Natural gas filled gap from 24/06/09 today and is forming a bullish descending wedge on support
I don’t give a damn what you all do. Do whatever you want.
Dropped half of my UIS position at 1.88. Hopefully it will keep running but I’ll sell at 1.70 if not.
@ Milan, just think about the math, even a 20% drop (about my risk tolerance) on a 5% position is marginal when it comes to overall portfolio performance.
@ Ring, spell check dude. Grats on the 200+ though if it’s legit.
Rothbury here i come! Happy 4Th everyone!
Does anyone know of some charting software that provides good volume bars on the S&P500 MINUTE chart.
On eSignal for example the volume is always the same while Sharescope doesn’t provide volume at all.
Thx
Sold CWTR at 6.45, +.40
Nobody listens on CRGN… it will NOT pop… it’ll slide probably a penny higher each day. It’s been BOUGHT OUT!
CA…weekend is close…RR is good for the soul…lots of halftards in the world…
TSTR
2 minutes…
3rd try is a charm?
another scrub and we probably miss the window for the day
pissant, do you have a link? I can’t find any news on the buy out
* Celldex to buy CuraGen for $94.5 mln in stock
* Deal expected to close in Q3
* Deal to add to Celldex’s immunotherapy platform
May 29 (Reuters) - Celldex Therapeutics Inc said it agreed to acquire
CuraGen Corp for $94.5 million in stock.
With the acquisition, Celldex will add 11 oncology-focused antibodies
to its precision targeted immunotherapy platform.
CuraGen is expected to have a cash balance of at least $54.5 million
at the close of deal, which is expected to occur in the third quarter.
Celldex will assume $14.1 million of CuraGen’s 4 percent convertible
debt due in February 2011 at the close of the deal.
CuraGen shares were up 7 percent at $1.34 in pre-market trade, after
closing at $1.25 Thursday on Nasdaq.
Sold CNXT $1.36
Dang, MENT was the one.
Is WYE ready?
CA - what do u think of RAD on the 5day-5min chart?
MRNA great setup…gracias for the idea CA.
Anyone else liking the action on SIRI today?
Hey CA, whats your reason to sell CNXT? 50 day and 20 day crossing 200, isn’t that bullish?
Sold half of everything.
HEB waking up
HEB making a move
adding a position in QID at 31.70.
Jam, nice heads up on HEB
thanx Rorschach, been long since $2.22. Will probably sell all of it by friday.
SOLD CNO @ 2.48 +.22
Thanks CB
Jam, market closed on Friday. Also, HEB having a big conference in Italy, sponsored by Italian gov’t, on July 4th. May want to hold through the weekend.
Drew, I know about the conference but thanx anyway. I’m up too much to risk it being sold on any news over the weekend. I have a bad habit of not taking good profits when I need to. I may just sell half though.
In CIM at 3.48
No problem - good luck buddy. I just added to my position at $2.58, but I have been averaging down unfortunately. Avg at $2.90 now…
CA,
What’s your opinion on CIM on the daily?
I know Mike bought it…wanted to see your thoughts…
In TSTR on the pullback at 1.55 - day trade.
Hat tip to retox - been eyeing TSTR all day.
CIM has increased voll and looks like it is ready to go.
THIQ is also wanting to go folks
sorry- THQI
Crapo… sold UIS @ 1.84
might be a dumb question. some help from you technical traders.
doesn’t CIM look like it’s creating a doji…wouldn’t that indicate a reversal in trend which would be to the downside = bearish?
am i missing something?
Also added TSTR at $1.55
Anyone have thoughts on AHR?
Yo CA - Congrats on the 200%. Sorry that I have not contributed all that much recently. I have been rather busy with work and barely get time to stay with you! In any case, I will be back tomorrow
I have a slightly more expensive pick which I bought yesterday and posted here as well. CEDC is the proxy to short the USD and good upward momentum.
Cheers~
Careful on HEB guys - looks to be stalling into a higher low…
Hope it works out for you…
Obama just appointed Billy Mays as the car Czar…odd no?
Out TSTR at 1.61…a nice 4% win.
Holding QID and PALM.
+204% now, give or take how the day ends.
I prognosticate that if tomorrow’s employment report is good we gap up, hold the gains and slowly creep up into close and if bad then the dip is immediatealy bought and we rally all day.
QTM was so slow, but it’s closing near the high, holding it overnight
also holding OSCI, 0.235
Put on a small feeler short in CAR again, 5.85
Shooting star at critical level to be printed on SPX today.
Bought CIM 3.49 and MRNA 1.52 right at the close. Out 1/2 UIS(stupendous, thnx CA!). Holding THQI, OMEX, CRGN as well. Out YGE for a nice gain.
Well I was very happy with my +1.4% day until I read that +204% bollocks. Sheesh, joykill.
Up 2% but it didn’t feel like it - mostly CA calls carrying the day, big gains in UIS, FOE, closed out PODD for 10% Holding MDZ, BRKR made a move (finally). Sold a lot of stuff through the day, 60% cash. Until I learn how to manage it better - the sideways grind works me to death - I’ll keep mostly cash, fewer positions, and overall simplify until something is declared.
who is this fucking guy anyway “chart addict’ Maybe a good trader but what a wanker. Reading these posts is sickening.
“I will only list sells when I close my current positions. I won’t list my buy/sells for as long as I see fit. I asked more people to contribute ideas/trades for weeks now, but there was no improvement on that matter. Just so you know, out of all the bloggers on iBC, I hate leeches the most”
Nobody seems to care he talks to you like a 5 year old.
Ibankabigasshole.
Go fuck yourself Ibankabigasshole you piker … I hope the fly bans your ass
Short ISRL … this is one of the last overvaluations triggered by the Russell 3000 index rebalance/imbalance to play.
Bought ETFC @ 1.36 in AH, they announced the results of debt exchange… could pop like UIS did today.
netemcee - i agree i was out Monday morning saying it was a short at 125… i cant find borrow for the shares however. Think it’s an $80 stock by end of July.
CA — Checkout the MIR warrants… now that’s some crack!
___
Is that bear flag on the DAX, does that suggest a pullback to 4500?
“Ibankabigasshole” (if you’re reading from another computer):
1) Your IP is permanently banned from the entire iBC site, under my instructions.
2) I don’t give second chances.
3) I run my blog the way I want to run it.
I will ban you again without hesitation, should you use another IP. You are finished here.
Jake - why is everyone so obsessed with MIR warrants (MIR.WS.A/MIR.WS.B)?