No price patterns, no trade ideas, no indication of where the market is heading, nothing. Why do you think I made a bullshit video on a strangle? Because short term, meaning this week, there is no way to predict which way the market will head.
Normally when this happens I end up forcing trades, churning my account. However this time, I choose to take a higher road, the backseat.
We have a lot of economic data and earnings upon us, so be prepared for anything.
I will continue to trade what I see, and right now I don’t see a damn thing.
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Look at nov and rig off Bush’s drilling comments
I am with you -scanning scanning and cannot find anything but trouble
Short R, BBT, WYNN, LDK, BWLD, CMG. CHL doesnt want to die already.
I would hold on to my short ideas (BIG, R), and try to get some late day Energy action in the coming.
wait till 3pm though, because it seems it can go both ways.
FSLR short. Look at the triangle. Good entry/exit right now.
PNC ?
Guys n Gals,
Start looking for the survivor banks…. GS is presenting a bounce opp IF financials don’t continue their nosedive. SOV as well.
ESLR on earnings
this market sucks. really sucks.
i guess it’s everyone waiting for earnings. meanwhile, they short banks to zero.
it’s at the point now where you can buy the SKF on any day, up or down, wait 2 weeks, and cash out for 25%.
S&P downgraded the entire trucking sector recently, so I’m sticking with my puts on R (Ryder) and JBHT. Hat tip to Intl. Groupie for Ryder. I think JBHT reports tomorrow.
Other than that … I got nothing.
this international groupie homo back
late afternoon volume coming into ONXX off support @ 9 day 38
its international groupie the hobo, get your facts straight. I am no patriot, only a homeless money hungry drunk.
I’m with you on this one….just standing on the sidelines.
It’s a wise move not to overtrade in this current market.
Keep an eye on RBN, if it closes above its 200SMA looks good for a gap fill to the low 60’s level.
Definitely a difficult market. The only stocks I see as possible trades right now are the steels and oils as shorts(based strictly on their charts – lots of bear flags) but I don’t know if that’s a good trade either – what exactly is going to prop the dollar up here and cause commodities to retreat? They’ve looked bearish technically for a week now and haven’t broken back down.
imo, steel’s new prices HAVE been accepted. The whole, not happy with new prices, shenanigans are over. Source: some analyst from the japanese firms. Look at today’s japanese market too. STEEL up up up.
`Steelmakers have had an easier time than other industries of passing along rising costs,” said Yoshinori Nagano, a Tokyo- based senior strategist at Daiwa Asset Management Co., which manages about $94 billion.-bloomberg
Hey Rage. Check out V short. Looks ready for trip downtown.
stewie.
I have shorted V twice and got kicked in the balls both times. Stewie…I wish you better luck than I had. My problem is that my stops are too damn tight. This market has me a little spooked.
hi fox: i am actually short a ton WB. V and MA are a little tricky to trade. You can play it via put options. It’s only a matter of time before V tanks and i am expecting overall tankage in the mrkt this week anyway.