I’m up nearly +40% for the month, the bulk of it coming from last week’s performance. Today was no different, due to my banking of coinage on the majority of my Friday “before the close” swing plays. I did have to give up some intra-day gains because I took a nap from my long trip from CA, but I still gained a solid +4% (the “make money while sleeping” strategy heh). I sent an e-mail to the prospective students with e-mail addresses of the students I trained this weekend, in case you wanted to know how it went.
Now, let’s turn our attention to the 3-day ascending triangle that is forming on the SPX. By textbook, this is a bullish pattern, and technically, we did breakout of the pattern at the end of the day. This is a bullish continuation pattern, but just in case, remember that there could be fakeouts. In any case, the uptrend is still fully intact with additional room for the upside.
I posted charts of the SPX in the following order: 3-day/5-min, 5-day/10-min, 10-day/15-min, 2-mo/60-min, 5-mo/daily, 10-mo/daily.
Looks bullish to me.
good stuff pimpin’
OK. Zmoose new CA-2; I’ll throw him a bone with “CTIS” via twitter ; the smoking weed stock; lol
lol I’m no where even close to the Chart Addict.
Thank you for the bone though my man =P
*CBIS
NOBU
Hello, would love to know more abt the training that you give. I am in Portland, Or been trading awhile but mostly churning due to full time job. I am cosidering trading fro a living. Thanks, John
Great $SPX analysis CA.
Thanks!!!
UIS suprised the street and came in with a 10 cent profit. Stock up 6% premarket, picked some up at 1.80
I just got another monitor – how do I set it up so that I have 2 screens to trade? Do I need any special cords, hardware, software? If anyone can help, thanks!
is it a laptop or PC?
PC. I have the windows vista
It depends on the graphics card you have installed in your computer. Do you have two ports to plug monitors into? If not, you’ll need a new video card (~$100). It’s easy to put in.
Get the Matrox TripleHead2Go. It is a external piece of gear, no new cards or anything. I run up to three 24″ monitors from my MacBook Pro’s DVI video out with this thing. Works for PC and Mac. You can get the double or triple (you can do two on the triple, if you so choose).
http://www.matrox.com/graphics/en/products/gxm/th2go/
Futures down substantially, but it won’t matter since it’s not July 30th yet. We close green again today. Bank on it people.
Some tech stocks for this morning $flex, $clwr, $uis, $untd. Bio stocks $agen, $avnr
Sold 1/3rd UIS @ 1.91
UIS BTFO! New high for the year
So, why did you just sell it in pre-market. What part of, “The rally doesn’t end until July 30,” don’t you understand. You just lost a chunk of change by selling in pre-market. I have a feeling today is going to be another 100+ up day on the DOW. If we do go up 100+ on the DOW, it will be time to sell this afternoon so that you can sell short tomorrow. All that matters is July 30 marks the end of the rally.
I am getting rid of SQNM, FEED, DVAX, DRYS, and NVAX at the open, just because.
I will rotate with new stuff.
July 30th, you seem so sure of yourself. Last person to make market calls like you’re making got it wrong and got himself banned from the site.
I am willing to take that risk. Now, what will be my reward when I get it right. I have been posting about this date for over a week now, had you listened to me, you would be up handsomely. The question still remains whether my July 30 top call is precisely correct, but I am pretty confident it is 100% accurate. Today will be the day that the market punishes people who are jumping in on the short side at the open. I promise you, I know what I am talking about it. You can trade how you wish.
Current watchlist includes: QLTI SPEX AHC CVGI OWW LPX APPY HW
Sold HEB $2.42
Watching BPHX, CBR, ONB, PJC.
Bought JAZZ $.6.97/98/989
Bought AVII $2.53
still in XOMA. nothing else right now, though, since i’ll be in and out all day and can’t watch everything.
*edit* in and out of the house; not the stock
XOMA looks poised..
goddamn that thing is fast. up 8% already
Bought NVAX $4.33
PCBC 2.75
Bought HEB $2.47
SUSQ 5.10
Bought KFN $1.77
Any interest in VNTA?
Sold 1/3rd UIS @ 1.83
Bought ACAS $3.29
Sold $3.28. not liking it. might revisit
HBAN 3.98
Bought VNTA at $.72
Sold NVAX $4.16, Bought APPY $2.80 (late tweet)
RPRX 2.54 – very small cap
Sold BEXP 4.60
Bought $SYMN $2.87
I have no time for posting trades. I am missing shit left and right.
SPX gap down was nearly filled, bounced off top of gap HARD, will buy on the bounce.
Broken daily lows
XOMA breaking out
Sold last 1/3rd of UIS @ 1.85
bought bphx 2.70
AGEN
out RPRX at 2.40 loss – too risky for my blood to hold without a cushion – but I’m looking out if it bounces
IMMU BTFO
UCBH 1.23
SPPI
GY
SGMO
TRBN
anyone have thoughts on SBGI on the Daily?
long srs sds right here
CYCC $1.18
Bought CSE @ 4.48. Lots of upside from here.
Watching EXAS as well.
CNXT b/o
EXAS looks nice, adding it to my watchlist
covered 1/2 sds short
I will add swings end of day.
shorts will be added for me at the end of the day
I am feeling good about the hedges I added to my portfolio yesterday with HXD.TO and HSD.TO.
Basically flat for the day.
AMLN is showing signs of life as of late. I bought way back at 10.95 and might add again
how about those IBM puts for a short hedge?
yes..i like it..own some august 110 puts..
short AAPL-AMZN-RIMM via puts here..
long TZA and SRS last hour
Sold LCRD 6.04, disappointing action after great earning report. In cash waiting for confirmation of market direction….
whoops, I had today wrong. I thought we would swing up hard, but it didn’t happen. No big deal, we will still end green as I predicted earlier. The end of this rally is very near though.
I am selling out of my SSO near the close today. We may have seen the highs of this rally, either that, or tomorrow is a nice up day. Either way, this rally is completely over on July 30.
still in XOMA. i’m keeping it until at least tomorrow; maybe longer.
Back to full short SPX via SDS
fucking cramer was bullish as hell yesterday..can a mkt debacle be far off..fucking twit
Cash you watching CNBC again . WTF
no good movies on right now…fuck me…that goat faced ball sucker cabrera
hahahahaha
look at that crazy f*cker MSPD!
they report shitty earnings, but the stock breaks out nonetheless
Obviously, you never look into earnings. It’s not about the qtr, their outlook was better than expected they expect ” positive non-gaap op. income in Q4″… estimate was for a loss of $.04
AER and ATSG looking to B/O
sue herara looks like a fucking tomato with a wig….
Its a boring day indeed that we are talking about on air personalities 😛
not true they suck everyday..
buying more TZA and SRS…
LOL?
Bought AER @ 7.81
Been holding FOE in one of my long term accounts for a couple of weeks – that sucker is up over 70% and seems to be unstoppable. Seems to be remain quite chartworthy but I’ll leave that for CA or others to validate.
AGEN looking ready to BTFO again. in @2.75
LOL, I just love the cheerleading on CNBC. They are all commenting on how great it is that the market is so resilient. Of course they are ignoring that oil and gold have not rebounded today. This rally is ending here gentlemen, just in time for my prediction too. I fully expect the overall market to close green today, yet again, but the winning trade is to go short now.
CSE spiking
ATSG BTFO
Barney Frank is a fucking moron!
..and the bad news is that he is one of the more intelligent members of his committee.
barney cocklover frank has 2 small pakistani boys stuffed up his pompass ass..!
SCSS 1.93
This is going to really sting joshdoggers
AXE got axed today . Look at FCX chart. To easy of a short .
FCX does look like shit…
Every hedgefund sees it too, in the land of the short squeeze . Maybe when it takes out 61 from the squeeze……..
Just sold SSO. All cash now, waiting for a headfake move in the market to get short via TZA.
Cramer biggest bull in the world? just said FNFG is going to go up 500%, MUHAHAH. Dumbass.
can mkt crash less than an hour after crakpipe cramer speaks..? odd no
we have some crazy fuckers on this blog
haha.. u just noticed?
EK above $3.32 looks pretty good for a b/o. thoughts?
This “TradeTrend” guy might be a bigger moron and loser than Cramer and Barney Frank put together.
any thoughts on buying this pullback on BLC for a swing; a little extended from its moving averages, but there is so much clear air above this thing
SCSS btfo!
I am preparing for swing positions
keep talking all u CNBC goat fuckers…I hope a stray scud missile takes out their studio
Chart Addict: Have you any idea what is going on with HEB today? Are you still holding?
ibm on its way to 110 or lower quickly
IBM displaying the flaming I riped your bulls balls off –pattern
that’s awesome
Does today’s action on the $SPX make you less bullish?
1) Today’s low lower then yesterday’s low (first time this has happened in 11 days).
2) Came short of yesterday’s high.
3) Trading below the trendline of the ascending triangle on the 10 minute chart.
Thanks guys.
Bought ABR, AGEN, DENN, FTBK, HYC, LEE, LF, NAVR, OXGN, PACR, TSFG, TSTR, WXCO, XOMA
do you like one position more than others?
WONDERING THE SAME THING?
No. I like them all equally. Having this many ensures no blow up due to one position.
FINAL
quite the buy CA
CA,
I had to follow you into ABR, FTBK, HYC, PACR, and WXCO. Love those names
FTBK has more than 20days worth of volume short, and looks primed for a short squeeze like DRL had a few weeks ago.
Will be shorting @ 980-985 SPX. Looking for 985 to mark IT top tomorrow. Will take it as a ST and run from there.
It seems the market is moved by the jobless numbers more than any other thing…the bulls want to taste SPX 1000 or how about 999… then back in the funnel…
Alright guys, today is the day to go balls to the wall short. You need to be 300% short via inverse ETF’s to be able to profit the most from my predicted market meltdown on July 30 and 31. China was down 5% last night, gold and oil have reversed. This is about to get very very ugly as I said from the first day I posted on here over a week ago.
I got into TZA yesterday for 50% of my short position at $17. Planning on putting some into FAZ too. I figure this is the most predictable move on the market all year, so I need to profit the most I can from it.
Joshdog is that you?
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