Last week’s momentum carried over into last night’s globex session where we saw the indices continuing to rise. The push higher occurred mostly during the first hour of trade Sunday evening, after which we balanced out and accepted the prices.
I find myself stating this bit of context often although it is by no means an effective timing tool but, index markets rarely print swing high outside of regular trading hours. Thus we can assume the overnight high is vulnerable.
The question this morning is whether the sellers will make an attempt to fill the overnight gap or if we will instead “gap-and-go” which is a distinct possibility given the holiday week context. Turning our attention to the NASDAQ composite, sellers need to first push through the overnight value area low zone from 3430.50 – 3429.50. If sellers can breach this zone and press down to 3428.50 we are well on our way to filling the gap.
Should the sellers succeed, downside targets are 3422.50 (Friday high), 3420.75 (VPOC), and ultimately the low volume node at 3418. This level is of particular interest because it represents the price moment when sentiment suddenly shifted optimistic Friday. Sustaining trade below 3418 may suggest a shift in sentiment.
To the upside, we are working with measured moves. I show a buyer target zone from 3437.50 – 3436.75.
I have highlighted the above levels on the following 24-hour Market Profile chart:
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update:
Not such a ‘Got D@mn Stupid’ (sic) scoop after all, Mr Goldsocks..
from the depths of disparity..
those dbl down at $12.1899 and same goes for the $13’s and the $15’s.
yeah..
*remain long
have a great day all you Beautiful People.
Acquired 11/13/2013
(at time of this post)
$16.37 +34.34% $12.19
etc..
who’s laughing now?
😉 )
that degenerate add is up +12.87%..
took some off here..
loving InterDigital, for years and years now.
$12.60 +36.22% $12.19
1st ins posted somewhere on these pages entry at $30 and pennies..
(reminder that I took (+80%) 0ff that buy/add back on 08/19/2013 .dippity~frickin~do
*not to mention the umpteen gazillions of times traded previous to this swoon..
Where The Light Is – “Vultures”
http://youtu.be/m8tG9lMIJTg
$17.60 +44.43% $12.19
+32.00% on the 13’s
+16.00% on the 15’s
my pain should have been your gain..
trust patience..
None of the comments above were direscted towards any of you bloggers here, on the other hand, dumb ass comments over on ST drive me ((CrAzY))
have a great day all you Beautiful People.
You know the ticker..(?)
😉
now at 17.70..ahhh yes!!
my little ‘Duck’ is dancing today..mentioned scoop on halloween..at 2 buck~a~roos in the Pelican room.
I do hold a pretty good size position w/cost avg.(as stated Oct 31) at $1.73
Sgt Friday, for one,..hahahha
has been SOOOoooo WROOoooog for some time now. Cannot believe he has nearly 10k followers..((WTF))!!!
cheering for your Apple..(mine too)
do hold much older position
not a huge fan of John M but that tune is ((GOOD))..
so now we have JOEZ moving and it’s referred to just a “Silly Dog” instead of a Piece of Sh!t..hahah
“OMFG”, as DT would say..
Just as I thought here comes the pounding of the chest(Goldsocks)..barely made whole..shaking my head here, Seriously!
Need a Vacation..
😉 )
Soon!
sooz, bring your comments to the newest feed so I can keep up!
$18.70 +53.40% $12.19
(+42%) on the 13’s
(+23%) on the 15’s
etc..
Sorry for the rants, Sir Raul.
I just get really PO’d sometimes at the ridiculous sh!t people write.
Flippant and talking out of both sides of their mouths( such ..BS)
Just one more time here, if you don’t mind, and I promise I will refrain from this subject in the future.
Been around and around plenty of times with these Stock Pickr (s) in years gone by.
so many trades are established from iBC without any acknowledgement..hmm(within minutes..haha..follow them and you will see))
I just don’t operate that way.
Hope your Thanksgiving was great, Sir Raul..
oh hey,
$18.99 (+55.78%) $12.19
ect.
I also take great offense when someone call a trade Stoooopid!
They follow pretty closely..from the pages of Pickr..to the archives of Sir Raul, Chess and the rest of you Fine Gentlemen.
They sit on the edge just waiting..truth!
I posted many d@mned good trades over the years…truth!
*I’ve..
I Have..
;))
Now off to movies with my gang..Hunger Games~Catching Fire..
have a great afternoon and weekend.
selling 1st~2nd~3rd’s right here..
will remain long where I dbl position as posted
Acquired 11/13/2013 at $ 12.1899
and at time of this post sits at (+57.26%)
Life is Good, Sir Raul..
If and when you read this post you can pass the word on how EXACTLY those scoops were NOT STUPID
Thanks and cheers!