As it stands right now (3:30 pm EST) we are long and staying long.  I will send out a notification if that changes but with 30 min left I don't think it will.  Statistically, there was the potential for today to trigger a closing signal for tomorrow morning but the way the day has manifested never brought that about.

HUN should be on the 3,6,9,12 schedule so they probably paid in September and won't pay again until December after their next earnings report.  I like HUN and Zach this is a name I know you have watched for a while.  Specialty Chemicals industry is one I like.

I really hate saying this because so many of the people here and posting were nice and sweet and people you could completely imagine having apart of your personal life.  But MANY should not have been managing their money IMO.  Obviously born of the frustration of the market downturn and lost decade+ so many people said I can do better but I just don't think they had any clue what they were getting into.  So while posting is probably down over the years I think the quality of the posts is dramatically up and I say that not as an admin but a user.

It is nice to see more people on and engaging but if I had to pick between the two scenarios, I will take what's here now any day!

This is such a unique group with different ideas and objects of focus that I often find myself forced to move outside my comfort zone and review new trading ideas, platforms, analysis etc. that has made me better. JMHO

Like a fine wine, Agnes, I personally might let it breath.  With some positive divergence on the longer term intraday charts this could possibly target some higher levels before petering out and always could spark a more longer term low (but would have to see more trading to know).  In the meantime, the lows from yesterday give you something to trade against and I wouldn't want to see those breached.  JMHO 

A look at the S&P 500 futures this morning.

Citigroup overall option implied volatility of 33 is below its 26-week average of 38 according to Track Data, suggesting decreasing price movement suggesting decreasing price movement into CEO Vikram Pandit stepping down.

No, that would just be a closing of the long trade.  NOT a flip short.  As Matt noted we also need to stay up a fair amount so we will follow-up after/toward the close if there was an official exit.  Good Question.

I cannot help but feel it needs to go lower or at least put in some additional work.  Think their earnings are not until November though so you can trade it without that worry in the short term.

We also have this section which I created but has not found a home on the site yet.  I imagine there are things not covered but this is a great started to learn some functions of the site.  The new Trade Ideas list is NOT represented and it is still the old Watch List so that is of no use but the rest should be good.

http://breakpointtrades.com/market_lab/index.php/new_members/

You have to first highlight the URL or any text and then it should display.  If not then what browser are you using (also what version, i.e. IE7,8,9 FireFox 16 etc.).

Hey morton,

Great charts!  When you post a URL can you please have it open in a new tab?  Highlight the link, select the chain, and then make sure to choose new window (I think you asked for the how before but I didn't post instructions).  Thanks!

Didn't Argentina go through an economic crisis & default in early 2000's?  Is this becoming a once a decade event for them?

Yes I have been lazy about updating that in the past but I am going to start!

I added news relevant to the Euro Zone so I apologize for the length.

Matt noted the S1 pivot acting as support and that ended up being the lows for the evening with the current set-up looking like it could push one more time maybe to the 1430 level.  Please note these Pivots are in TOS and not TS so there could be a small price diff.

morton, I know you follow this one pretty close and liked your past charts.  I follow this one recently too.  This seems to be a battle ground stock for analyst as some believe it is cooling off and others think the growth still exists.  Then you have this drink push where certain types of drinks seem to be targeted and I think people are waiting to see how this will affect the energy sector. I use to consult with small public companies and two in the industry used MNST as their poster child for marketing, branding, operation etc.  I think a hot stock like this, even if it doesn't retake and/or exceed the highs, will make a run.  The Cyan MA is the 89 week and I definitely think there is a spot that if we test and hold I will take a swing personally.  I will probably use deep in the monies and then try and play for a move into that open gap.  I would love to hear your thoughts.

Chart Link

So you did, thanks Steve, that is the calendar we predominantly use.  Also that link has been posted before and can be found using the Search feature on the site "Moon Dates" or "Moon Cycles" would be good starting points.  The Moon cycle is about 29.5 days I believe so roughly every two weeks you want to be checking.

We generally give notice - you can use the search feature on the left to look for posts:

http://breakpointtrades.com/blog/post/209950/