I made a solid 1% yesterday. My multiple double-digit gains in HEB and SQNM did the job as I was about halfway through Season 5 of Lost. I’ve stressed the importance of careful selection many, many times. You will do well if you find stocks that move, regardless of what the general market is doing. Stocks, with minds of their own, can be your best friends as I’ve demonstrated time and time again.
The SPX is still testing the mid-June peak. In fact, there is so much strength that followed the continuation gap that it is just too dangerous to short. Shorting during a countertrend move is fine, but missing out on the primary trend is not. Unless you have exceptional timing skills, it’s best to stick with imminent breakout or breakdown (if short) plays that make your life so much easier. On some days, I don’t even bother keeping the SPY chart up because I don’t need it.
The COMP is the first and only index that is trying to fill the early Oct gap. Note the boundaries in orange. We can expect significant resistance at this level, primarily because LT breakaway gap downs have a tendency to reject initial attempts.
Finally, I look to the world indices so get a feel for how the rest of the world is doing. I charted the Japanese Nikkei, Hong Kong Hang Seng, S. Korean Kospi, German Dax, French Cac, and the London FTSE. I especially like the neutral range breakout executed by the Kospi.
“there is so much strength that followed the continuation gap that it is just too dangerous to short. ” yes, shorting this market is like….driving down one way the opposite direction. very dangerous :=(
I still expect some sort of pullback, but it means nothing to me (or to you).
lost is so good
what are you long right now? What are you eye ballin for tomorrow? TASR, AXP, CALM, GLW, and PARD look interesting
100% cash. A few weeks ago, I stated my intention to get more aggressive on the day trading.
Thanks for the world markets charts. They all share the U.S. V shaped March bottoms. Let’s hope the current bear market doesn’t run the 34 month course. Shorted S&P 500 yesterday 🙂
GNBT as suggested here yesterday looks like it will take off this am. FYI.
CA – what’s your thoughts on HEB today? CC at 10am and up a little in premarket. I held overnight, sort of an all or nothing play. Could be a classic, “buy the rumor, sell the news”, with a little HGSI tailwind. Any thoughts?
I’m with CA in day trading during these transitional segments – I’ve had a great year and want to sleep at night. My watch list today includes CODI, NEWS, and RDEN, and any short squeeze pops I can find if the market heats up. LDK was on my initial radar but I scratched and missed the huge day yesterday because the short data for it on shortsqueeze.com was missing – although FINVIZ had it at 48% – it may have a lot more upside if FINVIZ is right. ORLY and CONN are in that camp too.
Bought NVAX $3.26/27
Bought AGEN $1.89/90
Bought GNBT $0.71
HAT TIP CASH
acknowledged..thanks good luck..and perhaps PPHM -DVAX
I think I’m catching on….bought AGEN at end of day yesterday and NVAX at 3.28 at open.
Bought AEZS $1.84
AEZS is moving on volume
AEZS breaking out. I am in at the open
OFG moving on volume
Going to start slowly getting short here… Bought 1/4 of intended position in TZA @ 19.73
VVTV 2.74
Bought AKRX $1.31/32
looks like MITI could b/o with more volume
akrx
Bought another 1/4 TZA @ 19.50… will wait till the market starts breaking down before adding the last half.
akrx making a move
Sold GNBT $0.70 – will revisit
Bought AVNR 2.22
FRZ doesn’t look bad on the daily or hourly
Actually FRZ looks great haha
GREAT
In CODI at 8.59
PARD
update: no.. nevermind
sold VVTV 3.1
scary shit!
sick move… CEO keeps scooping stock, after the close he said he bought 300k on the 17th of July… he’s bought more than a million over the past 2 months.
check out HEB. quite the buy right now…
I am going to guess the cc didn’t go well….
i don’t think so. from what i can gleen on the blogs, its kinda non-informative. ah well.
Bought AVNR $2.29/30
Thank god i’m not long UAUA today, WOOOZER down 6%…. right sergeifreud!
raping the market today
look at agen run!
DVAX…breaking out on volume
Sold half AGEN $2.29-30
out agen 2.33 & nvax 3.31
It’s all about bio today… SOMX and CRDC also up, on volume
INSM
for anyone interested XIDE has a rendevouz with the 200day at around 4.28.
i’m still long from 3.39
buying IBM August 110 puts @ .95
Sold other half AGEN $2.18/17
Sold half AEZS $1.98/99
Sold half AVNR $2.35/36/37
Sold other half AVNR $2.31/32
Keep an eye on CAEI daily
rofl, we’re looking at the same stuff
good, at least it means I’m on the right track! haha
the 200 day SMA is at 1.94…wouldn’t that serve as resistance?
ha, just pointed this out in ppt
Bought CAEI $1.83/839
ugghhh CODI didn’t seem to pan out to well so far. It’s got a 34 cent dividend for holders on the 24th so would seem I’ve got a pretty solid cushion. I started using a program called Advanced Analyser (real time quotes through my TD Ameritrade account) and somehow missed the major fact that it opened lower. I don’t like the program so far, seems basic stuff I’m used to is complicated on it.
Only open position is FCL, which is showing good strength.
bah, fuck. CAEI lifted off and i wasn’t in it, even though i put it on the list yesterday.
Whole boatload of these perking up today. APPY ANDS CTIC JAV NLTX ILMN and ONXX all moving, in addition to the ones already mentioned. Wow.
Looking at JAV a little closer…
added yet more RVBD
Bought RICK 7.68
you must have missed church service this past Sunday.
So true
Bought AGEN $2.22/23
The double dip?
Sold AGEN $2.18
Any opinions on UUU.to, been struggling to get over the 50 day for awhile. Broke over today by a hair on low volume. Is this imminent ?
anybody do any anal on DAN today?
sorry, i couldn’t resist.
Nah, went short on LUB
Bought LEE $1.06/69
AEZS..adding 2.08
CA … how’s ANPI look aside from light volume?
CA,
any opinions as to whether this market will continue to break out after this crazy run? It looks like it’s itching to break out despite overbought conditions…
To paraphrase Ice Cube — just like big dicks in yo ass, shorting this market is bad for your health.
Ic, and Ice cube really said that huh?
out of all RVBD
Sold LEE $1.08/09
Bought ANPI $1.88/89
KERX @ 1.03
I think this could be a good time to short the market. We´ve just seen a failed break of the highs which may have trapped a lot of weak longs.
Whadda you say?
perhaps…wont fail till last hour – imo
Agreed. The uptrend line on the 10 min SPY chart is not threatened yet. But lets see, I do think its time to be a bit defensive…However, we might also just see some sideways fuckery consolidation.
Sold half NVAX $3.25/26 , half CAEI $1.84/83
Sold remaining AKRX $1.30/31, CAEI $1.80
Chart Addict stop playing with yourself on the computer and take the garbage out…you jerk off
Bought AGEN $2.27/28
NVAX nice symmetrical triangle forming on the 10 min. Most likely a continuation pattern, me thinks.
Sold half ANPI $1.88
thoughts on DAN? forming ascending triangle in 5 min chart
A buy order at $2.73 should do it.
Bought CBAK $3.16
Hey CA or anyone else on here.. What would be your number 1 recommendation for a book on technical analysis for a person with an intermediate knowledge of it?
I don’t know what you know, but you can go through like 100+ books on this list I made last year:
http://astore.amazon.com/wtc0c1-20
100 books??! Wtf. you’re like that robot in Short Circuit.
bro, I have A LOT more than that.
My question is – with only 24hrs in a day, where the hell do you find the time to read that much, trade all day, blog, fly around the country and do all your other real estate shit — and hit the town at night???
Soon we’re gonna have to start calling you the Asian Santa Claus. MF is everywhere at once.
good question. I sleep 4 hours per day, which gives me 4 more hours than the average person. I bring a book along when I’m waiting for something (i.e. at airport, plane, or wherever). Blog late at night before I go to sleep. Real estate managed by property managers, but I’m usually on speaker phone with them.
In the end, I am pushing my personal limit. I’m winding down other shit as I speak.
haha… that’s why he banks it in daily like clockwork… his hard work paid off…or maybe he’s just a space alien
its beyond that – space alien magician with a time machine 🙂
Could you possibly narrow it down to like 5 or 6 good ones? Would be nice to know where to start. Thanks
FRZ, push #2
IBM acitng like Dennis Kneale at a mens club meeting…(rough translation like a jackass)..buying Aug 110 puts
NVAX b/o
Any thoughts on EROC on the daily?
Sold half AGEN $2.30/31
something up in INSM
CA – Who’s your broker?
looks like a standoff in ANPI between 1.82 and 1.90.
$DAN b/o
GNBT..another shot long here….66
nice one with the puts, Cash. oops…supposed to be on the IBM comment.
HEB coming back
last half hour goat fuckery anyone…IBM shitting the shower…ahahahahahaaa
love the goat fuckery.
also, volume in the inverses is picking up.
Short HGSI all sorts of prices between $13.50-13.60
sold FCL 32.07
Cashnguns what are you seeing in gnbt that im not ?
profits….?? i like the setup..traded it a few times already – wont stay long if it doesnt continue
Long half each: AEZS ANPI NVAX AGEN, Short 5%: HGSI
anyone following OGXI?
Added other half of TZA @ 19.52… avg in at 19.60. Playing in for a pullback to 925-930 on SPX
What do you think about FCS right here?
good
Never mind … I found your bio on Seeking Alpha.
thats outdated. wtf did u ask for anyway
Taking a flyer on ISRG, good earnings report, 193.85.
what do you guys think of AAI?
CA,
Wasn’t 946 the June S&P high. If so, how do you figure 954.07 is “SPX Still Testing June Peak / COMP?”
Just curious…Do you need more to call it a breakout?
Sorry CA,
Was looking at close rather than intraday.