Below is the 5-day chart of the SPX with a ‘extra day’ added on for today. See the descending channel? Use that as your short-term guide.
The RUT is now at the 100-day MA as it formed a doji yesterday. There wasn’t much of a fight at the 50-day, so let’s see if we see some struggle here. Make note that this is the first time the RUT touched the 100-day since April.
CA – that channel is clean & obvious on a 1 hour chart both SPX & /ES
/DX broke the channel overnight – I wanted to get it on the way out but no banana for me.
it should TRY to break back in – will see how it acts there before shorting the Euro.
/CL plays today will only be day trades – no overnights into inventory.
/CL – watch the 76.50 area – violation with volume could get us to 75.20 in a hurry
otherwise – a move up above 78 should follow through to 78.80 area – it would have to be before 2:15 though
1st test 76.50 area held @ 76.55 with a nice pop back (for now)
Short KSU @ 26.61
retox, how are you getting that free feed from TOS you mentioned yesterday?
reports today:
Nov 3 10:00 AM Factory Orders
>SUPPORT/CHAT
>CHAT ROOMS
>MARKET CAST
ignore the text – audio only
Got it, thanks
Thx, was looking for the same
Goldman
this guy rocks
love this
Covered KSU @ 25.71
long bias /CL to 77.4
got it out .40
+38 ticks
too long – we’ll die FAST on failure
perfect exit
to .49
dumping .22
+4
report
rip
out 77.40
+20
short ready back to 77.03
out half .17
+22 ticks
hard work today!
in 78 to 78.80 on SPX strength
stop below 78
/DX coming off the line – REVERSING
+10 on the long
Bought $AIG 36.20
Bought $HGSI 25
Out $AIG 35.80, added 2nd position in $HGSI 25.42
HL
1/4 sell $HGSI 25.88
Short $AONE 18.39, out all $HGSI 25.55/54
Cov $AONE 18.37 impatient
Short $AONE 18.28
Cover 1/4 $AONE 18.03
Covere 1/4 $AONE 17.87
Covered 1/4 $AONE 17.81
Short AIN @ 19.76… nice squeeze in the stock
Covered last 1/4 $AONE 17.97
COvered AIN @ 19.61
2nd entries …gold and gold diggers breaking intraday flags right here.
i hate gold diggers
why do u hate gold diggers?
YOU like gold diggers?
oh… i guess u don’t mean the gold miners like GDX then? hehe.. i see what u mean then…
Bought $HGSI 25.98/97
Sold $HGSI 26.10/frac – No vol
Bought $GLD 106.08
half off $GLD 106.24
bought $HGSI 26.28/29/30
other half $GLD out 106.14
Sold half $HGSI 26.79
Sold 1/4 $HGSI 26.72
added that 1/4 back in 26.82
Hey CA, for day trading, what time interval do you use? 2, 5 min candle? Thanks!
1-min and 5-min with the daily multi-month charts up.
Bought more $HGSI $26.92
Sold ALL $HGSI 26.87/88/89. really good day
no plan for swing trading yet?
You obviously have no plan. Quit asking me when I’m going to do stuff.
/ES choppy today. Haven’t had any decent entries………
no – fast fast scalps only for me – very small gains x about 50 trades
NOT FINISHED Bought $HGSI 27.04
correlations broken today – I don’t like days like this
oil – Iran / sympathy with gold
gold – India purchase
CA is killing it today though
…and mkt flat while long rates up
Listening to the tape, longs are quietly unloading on tops more than anything. Again Goldman nailed the 3 big turns from the day.
Yes CA amazingly consistent.
discipline is the word
Bought more $HGSI 27.12
Bought more $HGSI 27.26
feels like a rip coming
getting a little
out 1042
+ 2 /ES
Sold 1/4 $HGSI 27.49
Sold 1/4 $HGSI 27.58
Sold ALL $HGSI 27.48/49
OWNED HGSI.
ALL DAY LONG!
Long a little SCO for a possible swing in IRA
Dollar half-way back from yesterday’s low and mini h&s on CL
I can’t short a bullish tape like this but I will get long any failure.
Bought $HGSI 27.61/62
WE ARE GOING PARABOLIC ON HGSI
well, in this kind of market money will stick to equities like that
Bought more $HGSI 27.86
Sold ALL $HGSI 27.89/88. Stalking $AIG now.
be back before close.
CA
thoughts RIMM???
I was looking at short entry but not sure now the shorts are on the run…
color me an Oklahoma SOONER… short RIMM 59.84
Bought $AIG 37.16/17
HORUS
Sold half $AIG $37.63
Sold 1/4 $AIG 37.92/93
Sold last 1/4 $AIG 38.10
MORE WINS.
Bought $AIG $38.24/25
Sold 1/4 $AIG 39.27/28
Sold 1/4 $AIG 38.93
Bought $HGSI 28.02/03
Sold $HGSI 28.04 – dont want to risk it.
Sold 1/4 $AIG 39.15
Expect some more late day moves higher….
SGP deletion. It is estimated that this will throw off $1.5 –
$2.0bn of excess cash, which indexers will use to buy the
remaining 499 index constituents. Could provide a nice late day
market boost.
Sold last 1/4 $AIG 39.68/69
Nice trading CA
thx purdy
Great job. Would love to hear you talk about these wins tonight in class (walking us through). And also chart reviews for whatever symbols you like to use for charting US dollar, oil and gold. thx
I made too many trades in both AIG and HGSI to go into detail, but will go over what made me light up with joy when I saw the setups.
going long /ES overnight
1041.50
I expect an attempt to break the channel and move back into the March uptrend line – 1049.50
Goldman & Merrill just bought the 4:15 close – it appears they want to trade with me on this one.
Solomon was hitting the offer all day – they are done unloading.
Who is SOLOMON
Solomon Smith Barney (now Citi)
Now Morgan Stanley Smith Barney
old habits are hard to break
orders waiting on both side of /CL for the inv number
got 10 ticks – 50 to 60
taking small short
still in /ES long
out /CL @ 80
-60
out /ES 1048.5
+7
/ES +$1400
/CL – $600
net both trades $800
back to bed
and remind me to send a dead fish to adobe for re-booting my computer so I missed all my alerts on /CL on the way up
Bravo!!!!
Fantastic trading!!!!
Awesome show once again CA!!
still laughing “just CHILL OUT!” and “why would you DO that? that’s CRAZY!” and (re 200 MA) “what’s it DOING here? nothing!!!”
all five classes have been so good– but this was the best yet with you teaching right into the camera
and making it super P-L-A-I-N– what a gift for teaching– thx CA
Thanks to everyone that watched. It is in archives if you couldnt http://www.stocktwits.tv