3309 Drysdale Ct
Edwardsville, IL 62025
SHOP (short) - Taking back all of yesterday's gains this
morning. I exited on the sharp reversal near the open.
But hopefully it's just a back test and those still in the trade
will see further profits.
And KGC down 14% - also on earnings
Yes, very suspicious to my eye
HL - Notable horror
Down 12% today. Glad I took profits on 11/4
TEVA - up on earnings
I bought yesterday at $1.80 support and today its bouncing
nicely off its uptrend line. Breakout level is way over head at
It appears to be forming a bull flag on the 15 min chart just
below the $1.50 resistance
The shipping index SHX has formed a nice bottoming and is on the
verge of either a breakout or a retreat.
Meantime many shipping stocks are popping nicely (DHT, DRYS,
I've been playing Nat Gas a bit this past week. I got in too
early at the bottom and was stopped out; thereby missing the
bounce. But when UNG hit the downtrend line at $6 resist I took a
swing, double short with KOLD. Got stopped out today with a 21%
profit. Now the question is: what is today's bounce? a double
bottom reversal? or a bear flag for another leg down? Matt feels
UNG will go to its 2002 lows, so a bear flag may be another
shorting op via KOLD.Personally I don't see UNG reversing here, so
if the bear flag becomes a Bull Flag, then I see it being range
bound for some time between $5 and $6 which could also be
profitable using either KOLD (short) or BOIL (long).
Any comments or insights from others are very welcome :-)
On the move, I'm in at $3.30
up 16% at $1.01 let's see what it does here
Thanks for the correction
Nice looking chart, I'm in at 79 cents but I think there is
quite a bit more upside to this one. It reported good earnings a
few days ago and pays a dividend on Feb 7th.
In my experience, the OBV zero reading on multiple time frames
is a somewhat objective method for picking near term bottoms.
CLSN up 7% from this mornings low and should continue upward based
on the inverse HS pattern on the 5 min chart.
Guess I read your mind
I think it is bottoming as we speak. OBV has gone to zero in the
past few days on all time frames. Its at support from the spring.
Its due for a bounce. I'm in with a tight stop. If it goes below
today's low, its hasta la vista time.
Up 6% on OK volume, let's see if it holds
May break out this morning
S&P 500 stock index futures are pointing
firmly higher, hinting crude oil is likely to rise amid a
broad-based advance in risk sentiment. The chipper mood may quickly
come undone however as
German Chancellor Angela Merkel and French
President Nicolas Sarkozy meet in Paris in an attempt to forge a
united front ahead of the EU leaders’ summit set to begin on
Traders will be looking for a reading on
progress toward a compromise arrangement floated toward the end of
last week that envisions establishing the roadmap to deeper
integration and a firm commitment to follow it (a German
imperative) followed by a larger-scale ECB bond purchase program to
relieve immediate upward pressure on borrowing costs (a French
Signs that an accord has been reached are
likely to boost risk appetite and – by extension – the
WTI contact. Needless to say, the reverse is likewise the
The US ISM Non-manufacturing gauge is on tap
later in the session, with expectations calling for the service
sector to expand at the fastest pace in six months.
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