Longs are unnerved by the breakdown in key momentum names and have begun “selling it all.”
Keep in mind, fund managers HAVE to raise cash, in order to balance risk.
With the market failing here, I think it’s safe to short stocks, via [[FXP]], [[EEV]] and my favorite [[DUG]].
If a naval clash with Iran can’t boost oil prices, nothing will. Just so you know, being long DUG gets you short [[XOM]], [[CVX]], [[SLB]], [[MRO]] and [[COP]].
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Hey Shed, what do you think about the weekly MACD about to go bullish on MVIS? Looks like it is about to go super bullish here, technically. Also, seems like it is going bullish on the chart just in time for CES etc.
CES non-event, fade MVIS.
Unfortunately, I agree.
Too many short term traders in now. I suspect the exit will narrow, over the coming days—like a funnel.
“Nucular.”
And Fly, I do realize that charts are for asshats, but thats how I play ball. Plus, if you would have traded the DOW and S&P on weekly MACD it has been spot on the past year.
I am heavily long DUG, got long the day we hit 100
The market is completely Homo.
Something just not right saying “DUG” is breaking the fuck out.
here comes the Bush bounce…
must have been that speculum he had sticking from his pocket. the market was looking for an ass opener.
Head and shoulders?
Corn, I may have to take a look at MVIS and post it. I’m still long it, and have not been selling any.
Fly, you have gathered a colection of reprobate ingrates here – the most thankless bunch I have ever met. I called bullshit to the top of this bounce. I gave you close to 10% in two days, I just gave you a dollar in an hour on ej – and nothing is good enough for these desperadoes. Just one bit of fucking acknowledgement – a moment of even the fucking tiniest gratitude. But nothing is good enough for these desperadoes. My kind of folks.
Calvino–
Document your picks in the Peanut Gallery– via blogging.
You will get much deserved recognition there.
calvino,
As King Of The Peanuts (my label) I like the way your wear your emotions on your “sleeve.”
Might I suggest checking my post from this morning. You may feel better if you let some of the anger go.
-DT
Alrite, I feel better, someone’s at least read my post.
just bought 5k dia 127.61
20k len 15.76
I noticed ducati’s post on MVIS, he sure does dig into this shit way too deep. Sometimes stocks just behave in odd ways and make you shit loads of money without reading into all the bullshit. Youtube is worthless, GOOG bought it. MVIS is worthless, but someone may buy it or the stock price may just appreaciate do to technicals, or it may just be a great idea and someone infuses cash to help them. CROX made me a ton of money riding the wave and trading it technically, however, I always knew it was an ugly fucking shoe and fads never last, especially in the market. So who knows.
Calvino,
You might also consider invoicing the collective “reprobate ingrate / desparadoes” for your gratuitous advice.
Or, you could STFU. You have issues with self-esteem.
Calvino – farg off.
Gratuitous?? turdbungler.. your calls are succing the brown cone.. mine made money.
Boomer .. ditto for you, ingrate turdbungler.
I think you meant “turd burglar.”
Illiterate ass pirate.
_____________
BTW — I’ve made two almost “to the penny” Cube calls over the last three days.
Banking coin is all the “gratitude” I need.
Oh yeah, that and the Giants stomping the Crackboys into ground beef.