The community is delayed by three days for non registered users.

RRT on $Vix

Posted by ditch on 17th of Feb 2012 at 08:30 am

Steve and I read the $Vix a little differently, I like to see two days out side the Bollinger Bands and then a pull back inside to signal a trend change. Yesterday not only did we get that but the Vix also drew a bearish Railroad Track pattern that gives a target of $16.85 which is bullish for the broad markets. Also, this is a three day weekend which is usually bullish too. So, becareful with shorts and play the long side today, imho.

XLU wedge

Posted by ditch on 16th of Feb 2012 at 09:47 am

There is a $1.10 wedge on XLU that may break today. XLU pays 4% dividend too.

you are right, that's why

VMC short

Posted by ditch on 15th of Feb 2012 at 10:49 am

you are right, that's why I don't trade stocks much, I never look at the news just the charts, I should stick to etfs. Now if the DOJ turns the deal down it would be a great short:

The timing of the agreement, which was announced today by North Carolina-based Martin Marietta, puts the review ahead of Birmingham-based Vulcan’s May stockholder meeting.

In a statement today, Vulcan said the agreement was only a “routine” step in the process.

Martin Marietta, a Vulcan competitor, has previously announced plans to elect a new board of directorsthat will support its takeover of Vulcan. For that strategy to work, Martin will need to resolve some legal issues and clear antitrust regulatory hurdles.

If Martin Marietta can’t get the DOJ to consent to the takeover in April, the company has agreed to suspend its bidfor Vulcan until mid-August, the company said in a statement.

VMC short

Posted by ditch on 15th of Feb 2012 at 10:35 am

another stock that looks like a good short here is VMC as it's damn near paroblic the last month + and the set up is good as the stop is obvious.

short CAT

Posted by ditch on 15th of Feb 2012 at 10:25 am

R/R looks pretty good here for shorting CAT, stop $115.

on the 5 min. yes

Oil

Posted by ditch on 13th of Feb 2012 at 03:48 pm

on the 5 min. yes but look at the daily breakout.

 

Greece

Posted by ditch on 13th of Feb 2012 at 03:46 pm

Greece's unemployment rate has nearly doubledto 20.9% and almost half of Greece's unemployed citizens (47.5%) are currently listed as "long-term unemployed."

There but for the grace of god, go I (us)

double star

Posted by ditch on 13th of Feb 2012 at 03:33 pm

drawing a third star of gapping down tomorrow will draw a very bearish chart. spy

 

CME says' crude will re-open

Crude oil trades halted at CME

Posted by ditch on 13th of Feb 2012 at 03:01 pm

CME says' crude will re-open at 3:15

CME say's technical problems, that breakout I posted was a good buy point

 

Oil

Posted by ditch on 13th of Feb 2012 at 01:40 pm

Oil and USO have broken out of a 60' channel. Look to buy here and add if they pull back and test the breakout line.

http://screencast.com/t/nM0SpRDal

Tick Trend

Posted by ditch on 13th of Feb 2012 at 10:19 am

for those of you who use stockcharts, log this one,

the tick trend just went on a sell signal.

http://stockcharts.com/h-sc/ui?s=$TICK&p=5&yr=0&mn=0&dy=3&id=p79607549069&listNum=1&a=252711464

More charts of interest

Posted by ditch on 12th of Feb 2012 at 11:58 am

Here are my charts that didn't update till after 6 PM Friday.

Full Moon

Posted by ditch on 12th of Feb 2012 at 09:38 am
this isn't exactly correct but it's really close, Feb. 7th was a full moon (aqua vertical lines) and that appears to be marking a top.

Charts of interest.

Posted by ditch on 10th of Feb 2012 at 04:45 pm
Well, it looks like we have finally topped out but until we break some of the longer term trend lines, I'm not getting too excited yet. Also there was a bit of a rally going into the close, being Friday maybe it was just short covering before the weekend.
The Double Penetration on the Vix that we saw on the 5th and 6th was a great heads up that this pull back was coming, now today we have penetrated out the top of the Bollinger Bands but I really like two out and and then to close back inside as a trigger. So, for now, I expect we open up Monday, providing Greece calms down, and that then the selling begins again. So, Monday will be key, be there or be in cash.

TLT

Posted by ditch on 10th of Feb 2012 at 02:28 pm

The TLT call options I bought yesterday before the close are now up 41%.

 

$133.70 support spy

Posted by ditch on 10th of Feb 2012 at 02:23 pm

look at this 15' chart of the spy, if we break under $133.70 it will free fall to $133 before there is any support and that level is weak.

Magu, I think TLT makes $119.    right now copper & oil & gold down, dollar and bonds up. Look at the channel on TLT that I posted yesterday afternoon

 

energy stocks & bonds

Posted by ditch on 9th of Feb 2012 at 04:27 pm

I think the energy and pretty much everything else may be topping out now, I am still holding uso and oil but sold my xle and dig at the close. Also bought $114 calls on TLT today as it bounced off it's lower trendline on 60' chart.

http://screencast.com/t/UijzGj5nwY

XLE bo

Posted by ditch on 7th of Feb 2012 at 03:39 pm

XLE near HOD and cleanly breaking out.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!