9,300 is broken.
Citigroup Inc. [[C]] looks dead & Goldman Sachs Group, Inc. [[GS]] is done.
I said earlier if we close below 9,300 to load up on your favorite inverse ETF. I just loaded the boat with [[FXP]] .
It’s super ugly out there.
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cmon RC its not thaaat ugly…remember Oct? Now THAT was an ugly bitch.
Today’s market is a butterface, last month’s was a head for the hills, brune hilda is in town and she’s angry.
10/28 – up ~10%
10/29 – down ~>1%
10/30 – up ~2%
10/31 – up ~1.5%
11/3 – down ~.3%
11/4 – up ~4%
11/5 – down 4%
start tracking the SPY damn you!
Ha, true. I may have overexaggerated my title.
I leave the SPY to you, I do the DOW. (I like that combo)
haha, yeah. you’re right, it’s a genius setup.
RC,open a position in RIMM in the 52’s.Will add more if it goes lower.Thoughts?
i got into FXP early last week at 88…happy to see it at break even..hopefully this bitch skyrockets like it did before..
I have 9275! …we are still in the oct 11-14 area so I will continue trading…NOV still looks good ..buidling off a nice base – Oil is going up with or without o’s blessing…check out exm – goes ex-div soon..I take it you did not get long Google? What’s your thought?
RIMM question above -dittohead here…I passed on it thinking zero hiring mucho firing with the recently laid off having to turn in their phones.
Thanks mrs buttons
Fugly
Rage, you are too bearish, which is odd, as you used to be too bullish.
Think of this as “a re-opportunity” and put your horns back on.
But be careful of the mines!
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Add JNJ triangle resting on support, I’m thinking it’s going to break here.
Goog, msft, same thing.
BA channel down had broke, it’s now retesting (new resistance / old support)
I like the way CATY is setting up to breakdown as it comes off resistance and will head towards 17.5 support to break down H+S.
email alerts:
LAZ bearflag
GBX bearflag
GLNG flag
UMBF flag
CPO double bottom
Ouch on HK but missed opportunities are easier made up…
Fly wins again.
Hat – GBX up 10%… where did you find that one?
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Jake, I got the flags and double bottom from email alerts, same as all the others. The GBX trade died before it even started… It had earnings premarket, and gapped open above the trendline.
If anyone’s planning on trading the alerts, you have to use disgression. In the case of GBX, it just broke it’s trendline at the very end of the day, which still is a breakdown, but rather than confirm, it gapped open way above it. Based on the gap up, I would avoid it until it breaks the trendline again. On the other hand, had it gapped up only slightly, and failed to break the trendline, the risk/reward is better and I would get short for a trade. Using small positions in options on flags seem to work well because they’re short term, and easy to manage. 2 spots to short/buy puts on the bearflag. One as it breaks the short term trend up, 2nd as it breaks the recent lows. Some people sell as it gets close to the lows, or buy a call as it approaches the lows, and then if it breaks the lows they add on. Others just hold it, and if it breaks the lows they may or may not add on.
If we were playing “which one of these things do not belong”, it’d be GBX. Looks like the rest are doing fine, save for the double bottom, which so far looks like a failed retest, which isn’t suprising considering the bear market we’re still in.
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