I like to look at the individual sectors especially during times of consolidation. This is especially helpful if you are inclined to build a both long/short portfolio. Sector analysis helps you separate the strongest and the weakest sectors. After all, not all sectors move in the same way as you will see below.
AVNR
TRET
Common sense approach. You just fed my whole family 😉
Why don’t you post trades on tweet anymore? You win the battle but not the war? I say screw the poison peeps of this world!!! We need you son-gear up and get back in there!!
Btw thanks for the commentary-very insightful
Mike,
Thanks for posting CA’s 20 trading rules link, I missed getting a copy of that one, its good.
/es double top at 1067.25? Wish I was there at 3:45 am.
(From previous thread)
Feel like I am stalking /es…
Thanks for the charts CA.
SCIL 5.77
Why are you posting a trade that you “might’ve” put on back in March? Does that help anyone here or even give you any credibility for posting a trade nearly 6 months later?
My fault, looked at SKIL instead of SCIL…kudos to you.
SCIL @ 5.77?
Bullshit.
Why should I care what you think, Tim. Bought more at 6.10 as well.
Watch THC
/CL might tank here if the Euro drops below the 1.4713 level from the gap wed.
On the other hand, /CL will have difficulty getting above 72 without some serious action from /6E, looking to short an approach
Got in long for a scalp after /CL broke 72 with signs of strength in the Euro. 72.06 -> 72.12
I know you care, because you came back here within 5 minutes after posting, cruisin’ for a high five.
Nice call on SRZ slick btfo!
thx, hope you caught it, I took half off @4, letting the rest ride…
Agree with Henry Fool… bought some DVAX 1.75…
Consumer staples the only sector breaking out. This is not bullish for the market. Not only because just one sector, but also because it is a defensive sector.
Great action in TXIC
Good catch jpesce. Is also #2 ranked stock on PPT today. Depending on volume today looks to be in line
with John’s stocktwits teaching Tuesday night i.e. — higher highs, MAs under the stock and moving up,
strong volume yesterday w the move up
Lindsay – see UTA as well, good volume last 2 days.
nice jpesce– hope you got that move this morning! heading back down now once I was able to
check it– will keep an eye on it
Posted yesterday that current holdings include UTA, TXIC, BIDU, APT. Bought SCIL at open due to blowout earnings on a neglected stock, knew that volume would be huge. I typically have a longer term horizon than others on this blog – usually 2-10 days.
excellent job!
/es short 1064.5. We’ll see. tight stop.
out b/e
Broken uptrend on lt treasuries
Went long TBT yesterday. Now took a half position in RTH short maybe more on Tuesday
Good move. I did same. Will sell 1/3 as TLT approaches S2 – – which it is now doing.
CL asc tri since just after open – 1 min chart – taking the break either way
eeesh – this will be sloppy
cover half 71.78
+19 ticks
cover the rest 71.73
+ 24 ticks
Watch LQD . Its reaction at the 50 day
keep an eye on bpop and bee…
Regrettably I missed the SRZ trade…you nailed it. Should have entered upon your mention yesterday.
I see its still running nicely for you.
doji day
eeesh, definitely.
Hope that means you can catch up on either your sleep or your psych homework!
trend fading day.
like now
SVA squirting Yee ha
Big interests (political & economic) on each side of the USD decline story. In the near term, subtle changes in the correlations are to be expected – these relationships don’t last forever and don’t work with every trade. Trade the chart patterns 1st!!!!!
http://www.politico.com/news/stories/1009/28091.html
http://www.ft.com/cms/s/0/1e894c54-b40f-11de-98ec-00144feab49a.html
Our pols have been reduced to suggesting that we may actually pay for our money at some point in the future. The bond market seems to believe while XLF not so much – as yet.
XLF now starting to believe too
The real issue, to me, is that almost everyone in public office has a complete lack of understanding of financial markets & business. I cringe when I watch the Senate/Congressional hearings. Some of the questions they ask!!??
I agree, those hearings are cringe-worthy.
Most of the reps are focused on dividing the pie, not on the pie itself – – as always, a reflection of 50%-plus-1 of the electorate.
CAGC – 20% upside.
/6E on the 20 day
DVAX imminent
You long DVAX cuz of the descending wedge?
don’t forget about gold – that will unwind hard if the USD starts to see some real strength – another 50-100 pips down on the Euro ought to get some attention.
looking at /GC now – they are oblivious
Are you following the dollar technically? What do you watch. I cannot get $USD on TOS
/6E – Euro futures
/DX is the dollar index – it’s the USD vs. the Yen & the Euro.
EUR/USD on forex of /6E on futures would be a pretty good indicator – I watch those because I don’t actually trade the /DX – it is too illiquid.
Thx retox
try UUP
Thx guys, liquidity is key for good signals. Will be watching….
ready for /CL short on poss Euro failure at 1.4700
in 71.72
dangerous into momo
cover half 71.61
+ 11 ticks
SPX not leading oil like it should – bad omen for oil?
I’m scared
party at my house – danger trade worked – Euro failed at 1.4700 – trend fading day – any other day and I would NOT take a crazy short like that
cover 71.35
+37 ticks
and I really wasn’t THAT scared
Exited nicely on that one retox.
Had the order there from the start of the trade. The spikes are so fast sometimes, you gots to be ready.
DRYS Imminent to the upside
another oil short coming
71.99 – prob turn into an overnight
targets 71.74, 71.56, 71.35, 71.22
upside potential should be limited to mid 72’s but I don’t want to be greedy unless SPX and Euro close poorly.
BEE popping
OCLR popping now
Bought IVAN @ 2.75
In /6E long from 1.4780
flags on 1, 5, 15, 30, hr with a break above 1.4776 resistance
PTs .xx92, .4800, 1.4815
Sold +10
Double top on 6E?
Bought C @ 4.76
NGAS
Collectively, ag commodities breaking out of base today – swing long in DBA
I noticed the volume spike in the afternoon and it breaking out CA style out of a wedge . Bought three times today backed up the truck…small truck!
DPTR………someone loading up at EOD..