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Traders need to watch the yen

Posted by racerick on 2nd of May 2014 at 10:44 am

ALL the metals just spiked

Posted by racerick on 2nd of May 2014 at 10:29 am

VRSN

Posted by racerick on 1st of May 2014 at 11:23 am
Title: Kind of interesting here looking at daily

Futures are Wild this am

Posted by racerick on 30th of Apr 2014 at 08:36 am

First stock futures spike while oil and metals drop on ADP number 

Then GDP comes out much lower and everything violently reverses

Some huge moves in a 10 min span

TWTR and YELP

Posted by racerick on 30th of Apr 2014 at 06:14 am

TWTR making new early morning lows - stock now at all time new low - down 50% from it's high in December at a time when the market near it's all time high. Company still doesn't have an effective plan for monetizing it's platform and why anyone would buy the stock here have no idea. Typically broken stocks like this usually have to form a base for awhile before any meaningful recovery, if ever. Sure there is a bounce to be had somewhere but I personally try to shy away from the falling knife strategy.

TWTR 15min - http://screencast.com/t/sqck4yTc1cy9

TWTR Daily - http://screencast.com/t/81VVafNs4

YELP - reports today - has been stronger past day and 1/2 and looks like it could bounce, but insiders have been pretty heavy sellers past few weeks and read a report yesterday that insiders have sold 116 million shares versus 0 buys in past 15 months. Stock is down 50% from it's high just 6 weeks ago on 3/5/14 but still double what it was 1 year ago when it broke out from it's base at 24ish on the way to $101 and another company that's yet to figure out how to make money.

YELP weekly - http://screencast.com/t/syqlahe1

 

Title: We spend an inordinate amount of time chasing a few points and then you run across a chart like this

SPX

Posted by racerick on 29th of Apr 2014 at 02:59 pm
Title: My BB about as tight as they can get on my 3min SPX chart - Somethings got to give here soon

DDD

DDD long off 2nd symmetry low

Posted by racerick on 29th of Apr 2014 at 02:26 pm
Title: Actually been a good trader today. On my 3rd helping.

Coffee and DBA up big today

Posted by racerick on 17th of Apr 2014 at 01:36 pm

Has been incredible - 2 days in a row like this

volatility

Posted by racerick on 15th of Apr 2014 at 02:55 pm

Would help if USD/JPY would quit dropping like a rock

Posted by racerick on 15th of Apr 2014 at 12:49 pm

Trying a few of the glamor stocks off the SPX S1

Posted by racerick on 15th of Apr 2014 at 12:14 pm
Title: Small shares and tight stops

ARUN taking off

Posted by racerick on 15th of Apr 2014 at 09:36 am

Where's next support level on SPX here below 1814?

Posted by racerick on 11th of Apr 2014 at 02:49 pm

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