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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,460 Blog Posts

ATTENTION BONEHEADS: The Market is Rallying

Dr. Fly Mon May 19, 2014 11:30am EST 11 Comments

I am seeing huge risk appetite present itself here, alongside the prospect of short squeezes. We might have ourselves a nice week of trading, if this sticks.

Just to keep you informed of what might bounce here, if only for the sake of dead cat:

IMPV
YELP
FEYE
SPLK
WDAY
POWR
FUEL
NMBL
HIMX
MKTO
CSOD
N
NOW
GOGO
JAZZ
CIEN

Naturally, the futures guys were DEAD WRONG as to the immediate direction of the market. There is some meat on the bones of this rally. Let’s see how it closes.

FYI: The PPT flagged OVERSOLD on Thursday, which is the reason why I bought QQQ. I didn’t alert people here of the signal because I am no longer sharing it on the free site.
OS

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11 comments

  1. lplongo
    lplongo
    May 19, 2014 at 11:35 am

    Well, balls. Will have to request OA share any OS/OB signals in AH session then.

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  2. xxxhuggiebearxxx
    xxxhuggiebearxxx
    May 19, 2014 at 11:36 am

    Short America, Long Brasil.

    Market isn’t going anywhere, except up and down in about a 30 point range. Certainly not about to break out again.

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  3. bensteinsmoney
    bensteinsmoney
    May 19, 2014 at 11:38 am

    OEW was ahead of the PPT and free … I loaded up for the move mid-week.

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  4. junk
    junk
    May 19, 2014 at 11:51 am

    fly, when are you going to start showing the spy/qqq historical info(like you just posted) with members?

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  5. jazzyjeff
    jazzyjeff
    May 19, 2014 at 12:09 pm

    hopefully longs aren’t getting lulled into the execution chamber again…it sorta feels that way

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  6. tradingnymph
    tradingnymph
    May 19, 2014 at 12:28 pm

    Just like Copper hitting 11 wk high, all of this MoMo is over Chinese Govt Stimulus hopes after those Sucky Housing Numbers this weekend. I don’t see any possible Stimulus out there from Chinese. EU cut and LTRO seems to be backed in now, doubt that Draghi can get away with just “Talk” this time. Rally should fade. But, heck I have been saying that for Five Years. HOW long can Central Banks keep messing this all up?

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  7. bchu12
    bchu12
    May 19, 2014 at 1:04 pm

    relax, Fly. This happened last week as well and the remainder of the week was bloody red.

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