We will be breaking out of the neutral range. Pay attention as this may be a massive sustained move.
Joined Nov 29, 2008
329 Blog Posts
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Looks like SPX is going to gap wayy up (off the chart) at the open.
AMSC 30.55
I’m gonna do some crazy stuff today.
crazy stuff? you gonna get into shorts? 😛
just be very careful this afternoon with the 7 year bond auction. I believe that is going to take the market fir a ride no matter what.
you’re not going do a single trade all day?
please.
MAPP…breaking out
Massive position in FAS
NICE CALL CA – I’M TOTALLY THERE also loaded a bunch of regionals and Mo’ FOE
Massive position in TNA
FOE, I need to find mo’ money to buy mo’
up everyday – cant beat that
cnxt – 1.65
out – 1.63
navr – 2.15
out – 2.00, shitty trade
Nice trading CA ….once again
MAPP…
DVAX
Big bad banks
looking for a continuation on AXL
AHC also
LTXC the gift that keeps giving … holding out till $1.25
anyone following CWSI.OB?
Oh breakaway gaps, how I love thee. In ES since 887, quick +5 😀
SCSS 2.05
BDSI breaking out! Bought yesterday
GMCR ripping like a penny bio stock
on some nice volume too, entering at this level?
sold XIDE 4.86 (bought 2 weeks ago 3.39)
5pts in 40 min….got 2pts of it.
even a blind pig finds a truffle once an awhile……
Bought EDZ @9.58 and FAZ @34.1. Peace. Stops @ low of day
a bet against me, i see
Yes and if taken out will put at close or ~1000/ on next area I see fit. dollar/vix have bottomed. market to top this week
1000 is my target, or as close to it as possible.
I got a W5 finishing ~1000…. so I will just put some on ~there. My final addition of shorts is on tomorrows open, but if we get 1000 i be pretty heavy into shorts
Da_bears…
This fucker was laughing at me last night for getting long stock when i said the futures were drifting higher, saying there were 15.5 hours till the open… the fucker was short coming into the day.
I guess 15.5 hours later i was right… futures ripped. This market isgoing to collect a lot of bodies today.
I never said futures wouldnt be higher. I simply stated that the first hour of futures means little about tomorrows open. As there are like 15+ hours left of futures trading before market open. Thats all.
Da_bears… already stopped out of EDZ…. great job!
A nine cent loss. Big deal
PissAnt, this is what you did last night
“Bought some MRNA @ 1.83 in afterhours…. futures trending higher already”
you probably got out, but MRNA is now 1.53
Lol………. sometimes you pick right direction and wrong stock.
I know when i’m wrong with a stock, go fuck yourself.
Sell 5,000 Shares Limit $1.75 Day Only 9:11 AM 07/30/2009
Sold 5,000 $1.79 Settles on 08/04/2009 9:30 AM 07/30/2009
Status: CLOSED – Filled Order #: 1010610
Best price of the day, not to mention… Made 5% on CPF, and bought FAS on the open.
oh forgot to throw in i bought C last night @ 3.18 and sold @ 3.29 this AM
one last one fucker, Shorted MCD on the open @ 56.69…. covered less than 20 mins later @ 56.01
i do think we’ll see 999 today, so you should at least wait ’til then
asia 20.24, tight stop
AMSC ripping!
How’s that TNA and FAS crack feeling? My oh my! 🙂
rich as shit today.
And yes, I am playing dollar stocks, but the trades last only a few mins.
You guys expecting a pullback at 1K on S&P?
Be much more than a pullback, but rather an IT top
Psychological resistance at a minimum, approaching 1k is a selling point for me until we get a clear indication of market directon. Might stall at 1k and break higher, might be a top as da-bears is saying. I’m willing to sit back on my pile of gains today and watch things develop before taking any action. +35% on a lot of ES today.
CA. Testing your knowledge here. Do you see a pattern on the market from daily/60 minute perspective. Dont have to disclaim which one except where your next target area is.
Not to put you on the spot just want to see if you see what I see
CA, r u gonna lock in ur 10% FAS profits now?
because your asking you should exit as you have no target/ exit strategy. what has he said before
“testing ur knowledge here” gimme a break da_bear. u asked the same question as me in a different way, and then u try to suck up to CA. FAZ is probably gonna reach 33 ….shit in ur pants mate
I never asked him what the pattern is …. just if he sees it. I already know what the pattern is etc. I am just wondering if he sees it. Thats all. And I get that from his next target area.
Slowly dipping toe back into EDZ. Only half of original position as I need to see more. Buying VIX and US dollar calls. FAZ loose without stop
increase of EDZ to full position on break of 991
Is Trish Regan wearing a red and blue cheerleader suit?
Sold half AMSC to lock gains, 35.86, 17% gain
VIX up
CA – Could the area between ~1004 and 1190 be considered a “no man’s land”, or doesn’t that work on longer time frames? Interesting concept. TIA.
By Doug Kass
The 1929-1930 equity rally coming out of The Great Depression lasted 147 days and was up 46%.~Off of the ‘generational low’ in early March, it has been 145 days, and the advance is the same 46%.
thats some erie shit..thanks for sharing…I think we are within days of top / reversal…there is no fucking recovery…thats like saying dennis kneale is a man…he is a hybrid pussifed homo
my pleasure
kneale is human excrement used as programmed robot, talking w/o head
SPX IT/LT Range: http://chart.ly/gp6xvv
Thanks
Sold both FAS and TNA. I will revisit them
Looks like I won short term bet=. Long term be below 985 as it has further implications. Distribution day today like earlier this week. Your gains obviously > than mine
yes
Watch bounce @992 or collapse.
CA – what is your opinion on VVTV?
it’s been trading in a very tight range for the last 6 days – is that considered good or bad?
good
CA. Testing your knowledge here/what you see. Do you see a pattern on the market from daily/60 minute -60 day perspective. Dont have to disclaim which one except where your next target area is as that explains the target
Not to put you on the spot just want to see if you see what I see(not that I have any doubt in what I see)
can u reword ur question
Look at 60 min-60 day, or the daily chart from 3-6 months out. There is a pattern in there. I want to see if you see it and what the next target is. Don’t mention the pattern as it is not needed. BTW the pattern explains a lot(answers many questions about many things and gives a good reason as to why when looking at picture from many different angles)
k, what’s the pattern already?
looks like a highbase, you in?
still holding from monday @ 2.99
but i wouldn’t be surprised if it dropped down hard
FAS was a 48% position, and TNA was a 50% position.
That was the definition of ‘massive’ and ‘crazy’ earlier this morning.
If I told people this at the open, people would somehow screw themselves up.
Big balz.
CA, what is your opinion on CPF and NAVR?
NAVR broke $2 but is not moving anywhere.
Thanks
Locked in profits over the last 30 mins. 100% cash
predicting a cnbc top is very close at hand…perhaps even a devasting reversal…that will rip all cnbc skanks into a vat of twinkies…
MGI primed to BTFO
Well, I got killed today. Got into my positions too soon, but I promise this is it. Market top on S&P is 999. We should hit that number today, and then it’s all over for the market. Sorry I was not completely precise, and it cost me dearly. If this doesn’t happen, I am done talking to you guys and won’t bother you again.
You are correct top will be in today either already happened or 3-4 points higher high for finish of 5 of 5…….
If you are wrong, your punishment is to stick your head in the toilet and flush three times. You are welcome back only if you can provide a picture of this happening.
its not an easy thing to pick turns..hang in there…fuck CNBC, and this green shoot bullshit….all i see and hear are fucking horror stories in business
I bit the bullet early this morning and sold most of my shorts. I am still short the SP though unless it convincingly breaks through 1000. I might add more SDS later.
You don’t have to be right ALL the time – just most of the time 😉
Bought CLNE @ 9.25
CSE looks primed on intra-day
market reversal at 999 would be too convenient for the majority. The majority never win. 1050 -1075 is where I’ll get short.
richy..thats rather convenient….ur scenario is unlikely….go back to work now, your boss needs a coffee.
Stick with ranting about “skank beaner ho’s” potty mouth. It’s what you are good at.
make that an iced latte kid…
This coffee boy might be right. I got 1007 for a turn around. Why not overshoot
Me too
Going to get one last push most likely to sub 1000. I just wont really trade it much
AKA i’m remaining short…
Yea, every time I have tried to time the turns, I have been unsuccessful simply because levels like 1000 and 980 are too convenient and Government Sachs computers blow some liquidity into the markets at just those times…
Bears – Take it from Yogi (I’m a genuine bear after all), why try to pick a top (or bottom for that matter?), why not let the market tell you when it’s ready to roll over. Let it happen then then jump on it. What’s the rush?
Seriously, there are plenty of Pick-a-niC baskets for all. We should worry more about Ranger Rick than collecting all the picnic baskets in the park.
So true yogi. That lesson is always available in case it’s forgotten…the Joshdogger / August, 2, 2009 (or whenever) was great for providing examples.
In CSE @ 4.69
ARM, BZ, CWTR, GRMN, WRES looking good!!
Bought KFN $1.88
Bought BZ $2.24
I shorted RIMM today 76.97 – my stop is at 76.81 now and RIMM just missed it by a cent – i think its having a bear flag breakdown on the 5 min – if anyone wants to join
knocked out but back in short @ 76.72 for triangle breakdown
Bought HBAN $4.01
Followed you @ 4.03 … NOT a 40-50% position ! 😉
RC called it and HBAN sat still. CA buys and then it starts marching. Not complaining, just noticing.
i’ve been eyeing this one all day too, thanks to RC. i had a stop buy order for $4.03 that just got filled
An Interesting Parallel (Part Deux)?
By Doug Kass
After the 1930 rally of 46%, the U.S. stock market experienced a 700-day drop of 85%!
CA – what’s your take on LPHI and CODI in the immediate term? I’m in them both – LPHI is heavily shorted.
Never mind – right after I wrote LPHI flagged on making the 200 day and I sold – been a good couple of sessions but I wanted a big day on it. Still keeping my eye on it.
Bought CNO $2.98/97
Thanks Fly leech.
in HBAN at $4
options too….oh geez.
GGC! WOW!
50% position would have been great there!
Bought FAS $57.48
You trying to take me on again? You might be right about it ST
Sold BZ $2.22
ACAS primed
Bought ACAS @ 3.36
Bought SRZ $1.93
Sold HBAN $4.06
There is some history of reversals in the market on a big economic report. Hopefully we get a great GDP report tomorrow, the market gaps higher… i’d reenter on the short side then.
CA,
notice TBT is red……with the GDP tomorrow and wave 5…..possibly start positioning short??
Short bonds? (long TBT?)
what tool do you use for Elliot Waves plot?
Great call on KFN CA!
Sold SRZ $1.88
Yogi,
no short the market….TBT should be rallying
wrong…when TBT rallies the market will tank..TBT is rallying cause the auction went well and rates are dropping…
check that statement, TLT rallying, TBT selling off
Yah. People seek longer term bonds for safety therefore 20+ rally when market goes down…..
Sold FAS $57.67
CA, what made you allocate all of your portfolio to two stocks, especially leveraged ones? Was there a setup or something you saw on the chart that gave you a higher probability play?
48% and 50%….seems way to risky.
The setup this morning ensured an almost 100% win.
Was it the gap up out of the range?
Hey CA,
Do you ever have problems getting out of these pennies? I figure you’d have quite a number of shares to get your 5%-10% allocation. How do you work these orders?
I have to piecemeal them
Sold CNO $2.98
TrendTrade guy is as gay as Dennis Kneale
he is the Billy Mays of stocks…what a jerkoff he is
Sold KFN @ 2.03
Thanks CA!
a reversal would cause a massive panick…odd no..?
Sold half KFN $2.03
KFN might be worth revisiting. This stock has serious potential based on their business.
Anybody mess with these DMM or UMM’s? These things are wierd, but seem overdone… i need to look into them, but looks like people might be getting overdone on housing price gains.
Do you see the volume/illiquidity
not my prefered choice
I didnt say i was daytrading it… but they put this thing out when housing wasnt showing any signs of stabilization… now all of a sudden we see stabilization, and people are freaking out of these ETN’s
I mean one is bearish other bullish. But from investors most are shying away due to volume, therefore not really worth looking into them until volume improves-in my opinion
PissAnt, I have traded them a couple of times and currently am long UMM since 3 days ago. It has been a nice ride but I am not sure where to bail. For now I let it ride a few more days. I am trying to get a feel for them as I have a good handle on the Case Shiller index itself through my ARIMA time series models.
Bought RAD $1.50
Sold other half KFN $2.02
Back in HBAN $4.13
CA- i notice you do mostly intraday trades with a few Swing and they work out well. You ever make IT predictions/ more than week + bets? Like half portfolio IT other half ST
No. There is no reasonable way to “predict” that far out.
Guess that is where we differ but…. you seem to do well at what you do= The charts must obey long term TL’s for things to stay bullish/remain bearish. But they do not predict every move, just the timeperiod where they must obey. In other words a monthly can move outside of TL and still be good as long as it closes back within.. not that you dont know that
and back in KFN $2.08
riddle when could a 150 point selloff cause panic…….hmmm…..ah……today.
Out KFN $2.11
Guys / CA
What you think of MEG? Low vol, tight ascending triangle?
Play the breakout. Or play from bottom of ascending triangle with tight stop. Dont even have to look at the symbol to tell you that
Bought RF @ 4.20
Bought RF $4.21
Bought CPST $1.019
Someone has a HUGE lot at 4.25 in RF
CA- What do you think of CSE and ACAS on the intraday?
Bought TSFG $1.67
Out TSFG $1.67
Back in LPHI – hoping CODI or LPHI will deliver the break
Crap…will tolerate a little loss since my cash is all locked up (IRA)
what do you all think of the run today? one day or it goes on next week??
That is why there is a market… people have differing opinions…. .I think today’s the top….. but my right to be right is as good as person trading with account # 1 higher than me. I
bears…I agree, just wanted to see what everyone else thought on the board
Bought PMI $2.29
slow down … you’re gonna pull a muscle ! 😉
RAD is abt to b/o. target $1.60 then $1.97
I love winning everyday.
MRNA getting poleaxed…wow
same with LEE
Bought BZ $2.30
In w/ you at 2.31, was watching that one as well
my target is 2.5.
timber…….
Sold HBAN $4.14, RF $4.26
I might have caught the high in market with EDZ/FAZ. Not exact high but close enough. No jynx. But gap down tomorrow is highly needed for my scenario
Sold RF @ 4.25
last 20 minutes could be highly interesting…do i smell fear…bulls..?
ERY 18.65
ans earlier EDZ 9.59
Cut everything except $RAD
sold SCSS 2.05
Shooting star time????
Somebody got wind of a $14B capital injecton into GE, came out at 3:40pm… market traded off 7 mins before that.
excuse me…. heard the rumor, not factual:
FW: (BN) GE Capital May Need $14 Billion Injection, CreditSights Say
faz 34.71
I may add shit after hours
more RAD?
bob piss-on-me will be choking on his words tomorrow..hahahahaaa fucking retard
Hey CA,
If you’re taking charting requests, can you chart HEB on stocktwits? don’t have an account there.. Thanks dude.
“July 30, 2009” I think you might have gotten “market” top right today (or tomorrow) because:
i) The Nasdaq/QQQQ, the market leader index, shooting star candle today
ii) long term trendline resistance drawn from 2007 top, Aug 2008 top, etc.
iii) Less Tarp money in manipulating the market
iv) Probably end of monthly fundies window dressing today or tomorrow.
You got the market top because it is IT reversal point. and because dollar/vix bottomed earlier in the week. 840-865
TOMO 3.15
SPX looks like a shooting star (or falling star 😉 ) on daily chart and with possible exchaustion gap?. With all the psych on having this rally needed to be corrected, aren’t we getting the sign of it? What do you think?
Yes