iBankCoin
Joined Nov 29, 2008
329 Blog Posts

SOMX Kill / SPX is up +44.3% from March Lows / New Consolidation zone (950-1000) / ETF Sector Analysis

pulpfiction

KILLED IT:

somx

Up 44.3% from the March lows:

dshort6

SPX to 1,000? It’s the upper range of the consolidation zone:

spx2m60m1spx10m

Sector ETFs:

xle6xlf5xly4xlu5xli6xlp6xlv4xlb5

It’s “aite”:

absolut-liquor

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115 comments

  1. Jumbo

    Just picked up some JASO pre-market. Looking for some pin action off of SPWRA’s earnings and chart looks good.

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  2. Toronto Canuck

    RFMD breaking out… bought yesterday

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  3. Juiceyfruit

    HERO 4.14
    CPSL 2.69
    STAA 2.73

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  4. The Chart Addict

    $CYTR $1.49/4901

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  5. The Chart Addict

    Bought JASO $5.06

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  6. DrewDog

    rfmd has been a solid play…

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  7. The Chart Addict

    Bought LDK $11.14

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  8. The Chart Addict

    Bought CSIQ $2.50

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  9. Docsparks

    IBKR 16.80

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  10. finclyde

    bought arm 4.56

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  11. The Chart Addict

    Sold CYTR $1.62

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  12. DrewDog

    HEB moving

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  13. The Chart Addict

    Bought SRS $1.29/30 TZA $18.05

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  14. sergeifreud

    a bit late here since i missed all of yesterdays action …
    NVAX 3.3

    sold my silly looto play DSCO that i bought a couple weeks ago @.52 this morning for .74

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  15. masterpain

    With 200 Billion in T bills next week . Should be hard to pump this market higher . Unless the Fed buys them

    FCX double top

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  16. WTF

    “Up 44.3% from the March lows:

    SPX to 1,000? It’s the upper range of the consolidation zone”

    What fucking pearl of wisdom is that – don’t we all fucking know it? Get off your lazy ass CA and make your blog worth it – not a way to show you do only breakout plays.

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  17. Toronto Canuck

    Out of RFMD @ 4.52

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  18. The Chart Addict

    Sold SRS $18 and tZA $17.25

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  19. The Chart Addict

    Bought NVAX $3.42

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  20. The Chart Addict

    Doubled NVAX $3.45

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  21. Juiceyfruit

    CA: what you think of
    NCS PIR RAD
    as swings?

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  22. The Chart Addict

    Sold LDK, JASO, CSIQ $11, $4.99 15.19 – may revisit

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  23. Docsparks

    If I had some free cash I’d be looking hard at AET, SYY, ANGO –

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  24. The Chart Addict

    Bought CHINA $3.12

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  25. sergeifreud

    ESLR 2.28

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  26. The Chart Addict

    WARNING: I didn’t get much sleep last night and I am making a lot of typos today (outrageously wrong prices). So, don’t depend on the comments.

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    • finclyde

      lol, too much celebrating after your big day yesterday?

      man, you deserve a day off!

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  27. Docsparks

    HLIT perhaps getting primed. Add SYY to that

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  28. The Chart Addict

    Sold CHINA $3.12 b/e

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  29. The Chart Addict

    Bought BPOP $1.16/1699

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  30. Aris

    this widely-CNBC-anticipated ‘market correction’ of 7 s&p points is really brutal. i fully expect some kind of govt action over the weekend. this can’t continue. fortunately, i have my mandarin phrase book, so i’ll be okay.

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  31. howie2092

    CGA breaking out of pennant with a bump in volume. Watching.

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  32. The Chart Addict

    Sold NVAX $3.55/56

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  33. The Chart Addict

    Bought more BPOP $1.22/2201

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  34. Docsparks

    MATK in a nice position – I’m cashless – most still locked up, but IBKR has played nice this morning. Bastards.

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  35. The Chart Addict

    Out BPOP $1.18 another b/e

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  36. donni

    Mr. Ca,

    Can you please tell me what broker you use?

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  37. The Chart Addict

    -1% for today. 100% cash. Gotta protect your gains if there is multiple trade failures. Getting ready form y LA flight.

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  38. Gludibokslosh

    It’s probably been mentioned by others, but keep WRES on your radar. Nice long consolidation flag since may.

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  39. The Chart Addict

    Bought ENER $14.56

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  40. finclyde

    John, what real time charting software do you use? Is there any free real time services out there?

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  41. sergeifreud

    VVTV 2.83

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  42. The Chart Addict

    Bought CSIQ 15.49

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  43. The Chart Addict

    Bought LDK $11.31

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  44. MT

    CA,

    What are you targets on ENER and CSIQ?

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  45. pati

    If you like WRES, take a look at GST.

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    • Gludibokslosh

      Guess it looks decent. Building a bull flag it seems and could get going with continued strength in oil

      However the stock is too illiquid for me at least.

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  46. Cash-N-Guns

    adding nvax

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  47. wabisabi

    ESLR ready

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  48. Aris

    lol i rememeber when ENER was $85, and everybody was saying it was going to go to 100 in a few days.

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  49. The Chart Addict

    Bought CAR $8.12/125/1

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  50. Gludibokslosh

    Some of the gold miners look strong.

    KGC close to breaking the neckline of a huge inverted H&S.

    A good candidate for a longer term hold IMO.

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  51. Juiceyfruit

    CPST also joining alt energy party

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  52. The Chart Addict

    Doubled $ENER $14.85/86

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  53. Dan

    Can you explain why you bailed out of BPOP so quick?

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  54. The Chart Addict

    Reduced $ENER to orig

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  55. Gludibokslosh

    XTXI may move here

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  56. The Chart Addict

    Out everything $CSIQ $15.42/44 4ENER $14.87/88 $LDK $ 11.40/41 $CAR $8.17

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  57. The Chart Addict

    I can’t be posting day trades anymore. It’s too much effort and it’s cutting my time.

    Up +0.1 or 0.2%, I think

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    • Cash-N-Guns

      that would be greatly missed laddie…perhaps you can reconsider…

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      • finclyde

        how do you decide which stocks you’ll day trade? how do you start your scan everynight, do you use daily, hourly, or minute charts to set up your resistance/support? I just need a kickstart and learn how to scan for my daily btfo charts

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  58. trendfollower

    ESLR

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  59. finclyde

    come on arm get some volume

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    • finclyde

      there she goes

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    • finclyde

      out arm 5.07

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      • Docsparks

        Extremely nice! Did you considering holding your winning pick with a tight stop till the close, or did you sell to raise cash? Since my cash gets locked up for 3 days on an IRA stock buy, once I make a decision to sell I almost always set a tight stop for the day and enjoy some of the ride if it’s still there or get stopped out at my profit mark.

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        • finclyde

          I really don’t know when to sell yet, I’m still learning, I don’t think I had the proper strategy on this one (my target wasn’t set) the 50 week moving average was $5 dollars so I didn’t think it would move much past that (obviously I was wrong there, this thing grew legs), oh well missed out on 10%, try again next time

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  60. The Chart Addict

    I’ll be adding some swings near the close.

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  61. sergeifreud

    sold half NVAX 3.58

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  62. Cash-N-Guns

    CA- pick..BPOP on the move again

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  63. Jothar

    I went to a Chinese restaurant a few days ago, and Microsoft got stuck with a bad fortune!

    http://www.box.net/shared/p4lkfa9hfm

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  64. sergeifreud

    oh well,
    sold VVTV 2.94

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  65. TraderKeith

    Anyone have some advice on placing stops for swing trades? Right now I would place my stops at the last pivot point but sometimes the spread is a bit larger and I can’t get a large enough position. Do any of you use the 15 or 20 day MA for placing a stop? So for example, if you bought ARM right now, where would you place your stop and why? I would put mine at $3.50 because there is some good support there before the breakout but my position would just be a bit smaller then. Any thoughts would be welcomed. Thanks!

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  66. Fly's Guy

    ARM….KILLIN IT!!

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  67. Fly's Guy

    ABAT…LOOKING BULLISH AGAIN

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  68. The Chart Addict

    Bought $NVAX 3.66

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  69. justin

    NVAX b/o

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  70. The Chart Addict

    Sold half $NVAX $3.70/69

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  71. The Chart Addict

    Sold remaining NVAX 3.67/68

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  72. sergeifreud

    sold ESLR 2.33 NVAX 2.60

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  73. finclyde

    CPSL looks primed

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  74. Teahouse On The Tracks
    Teahouse On The Tracks

    Anyone catch ACAD?

    Watching V3 now: VICL – VVUS – VPHM

    VPHM looks like SQNM but I can’t see any catalyst on the horizon to help it fill that gap …

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  75. Joseph

    Who bought GNBT a couple of days ago ? its like a dead body

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  76. Juiceyfruit

    NCS 2.80 2.88 swing

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  77. Schismatic

    jesus, is HGSI about to bust upwards again?

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  78. The Chart Addict

    I will be adding several swings. Hold on.

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  79. The TODD

    You guys were not kidding. Freestockcharts.com is the shit. I can’t believe it’s free.

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  80. mike jones

    TODD, freestockcharts.com is bad ass…plus its FREE!!!

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    • Trader

      If you open up a Schwab brokerage account, you get free access to their StreetSmart Pro Realtime platform. I personally like it….or you can download the TOS desktop platform for free.

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  81. Juiceyfruit

    CNXT 1.34 1.38 weekend hold

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  82. sergeifreud

    XRM spiking

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  83. The Chart Addict

    Swings added: KFN, MRNA, ARM, CHINA, NCS, CGEN, CNXT, LVLT, RAD, SCSS, BPOP

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    • Juiceyfruit

      danke .. I had 4 of those already … good to have your company .. added a couple of yours

      CA – what % allocation do you typically allot to these type swings?

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  84. The Chart Addict

    And SQNM.

    Final.

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  85. The Chart Addict

    Have a good weekend everyone. I’ll be in LA.

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  86. mike jones

    what % ?? so NO cash??

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  87. Dumbass

    OK, get ready for a really stupid, newbie question.

    I’ve been trying to get more knowledgeable about technical analysis so I have been following this blog as well as others on ibc. I bought a book on how to read candlestick charts (Japanese Candlestick Charting Techniques by Steve Nison… really good book) which has helped a lot. My question is what do the red candlesticks represent? I understand hollow and black or red and green candles, but I don’t understand hollow, black and red candles on the same chart such in the SOMX chart.

    I know this has got to be a stupid question.

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    • dandle

      Go easy on yourself man, there’s a lot to learn. Let me see if I can help.

      I use Red and White candles and this is how they work.
      Hollow White = candle closed higher than it opened, and also higher than the previous candles close
      Solid White = candle closed lower than it opened, but still higher than that previous candles close

      Hollow Red = candle closed higher than it opened, but still below the previous candles closed
      Solid Red = candle closed lower than it opened and also lower than previous candles close

      Look at a 3 month daily on F it has a good mix of solid and hollow candles.

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