Stock Picks Recap for 2/13/12
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
From the report, CBOE gapped over, no play.
In the Messenger, NTAP triggered short (with market support) and didn't work:
Rich's WYNN triggered short (with market support) and didn't work:
His NFLX triggered short (with market support) and worked great:
His CLF triggered short (with market support) and didn't work initially, worked later:
His SINA triggered long (without market support) and worked enough for a partial:
His PCLN triggered long (with market support) and worked:
His FAST triggered long (with market support) and worked enough for a partial:
In total, that's 6 trades triggering with market support, 3 of them worked, 3 did not.
Stock Picks Recap for 2/13/12
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
From the report, CBOE gapped over, no play.
In the Messenger, NTAP triggered short (with market support) and didn't work:
Rich's WYNN triggered short (with market support) and didn't work:
His NFLX triggered short (with market support) and worked great:
His CLF triggered short (with market support) and didn't work initially, worked later:
His SINA triggered long (without market support) and worked enough for a partial:
His PCLN triggered long (with market support) and worked:
His FAST triggered long (with market support) and worked enough for a partial:
In total, that's 6 trades triggering with market support, 3 of them worked, 3 did not.
Tradesight Market Preview for 2/14/12
The ES was higher by 8 on the day which is technically very significant. This will produce the final candle of the active 9 bar Seeker setup. In so doing it will recycle the countdown and defer it to the newly completed setup.
The NQ futures made a new high on the move by gaining 19 on the day. The Seeker sell signal is still active until the risk level is broken. Keep a close eye on the +1/8 overbought level.
The 10-day Trin remains above the overbought threshold of 0.85.
Multi sector daily chart shows that the XAU continues to be a source of funds.
This is the important chart for the next couple of days. The total put/call ratio recorded a climatically low reading. The market will typically have a violent selling episode in the next 1-3 trading day. Once it begins and the intraday market internals confirm play the short side only and avoid buying the breaks which will be treacherous.
The OSX has begun to underperform the underlying oil futures. If oil breaks to the downside there could be limited support until more meaningful levels are traded.
The BTK was the top sector on the day but beware that it may only be a bounce. Keep a close eye on the MACD which is now rolling over.
The BKX was stronger than the broad market. But remains overbought with a Seeker count that is 8 days up.
The OSX is still gaming the upper boundary of the active pattern. Price remains below the 8/8 level.
The SOX underperformed the NAZ which is cause for concern. Be on guard for the breadth narrowing in the NDX where mumbles like AAPL are asked to do too much to hold up the advance. The MACD continues to deteriorate.
Oil:
Gold:
Tradesight Market Preview for 2/14/12
The ES was higher by 8 on the day which is technically very significant. This will produce the final candle of the active 9 bar Seeker setup. In so doing it will recycle the countdown and defer it to the newly completed setup.
The NQ futures made a new high on the move by gaining 19 on the day. The Seeker sell signal is still active until the risk level is broken. Keep a close eye on the +1/8 overbought level.
The 10-day Trin remains above the overbought threshold of 0.85.
Multi sector daily chart shows that the XAU continues to be a source of funds.
This is the important chart for the next couple of days. The total put/call ratio recorded a climatically low reading. The market will typically have a violent selling episode in the next 1-3 trading day. Once it begins and the intraday market internals confirm play the short side only and avoid buying the breaks which will be treacherous.
The OSX has begun to underperform the underlying oil futures. If oil breaks to the downside there could be limited support until more meaningful levels are traded.
The BTK was the top sector on the day but beware that it may only be a bounce. Keep a close eye on the MACD which is now rolling over.
The BKX was stronger than the broad market. But remains overbought with a Seeker count that is 8 days up.
The OSX is still gaming the upper boundary of the active pattern. Price remains below the 8/8 level.
The SOX underperformed the NAZ which is cause for concern. Be on guard for the breadth narrowing in the NDX where mumbles like AAPL are asked to do too much to hold up the advance. The MACD continues to deteriorate.
Oil:
Gold:
Forex Calls Recap for 2/13/12
Not much of a session to start the week. We got a move very early and had to make the calls a little different than usual as we were above UBreak on EURUSD and GBPUSD from the start almost. See EURUSD below.
Here's the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight.
EURUSD:
Triggered long at A and stopped. Triggered short at B, didn't do anything, closed at C right at entry price for no net:
Stock Picks Recap for 2/10/12
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
From the report, JDSU gapped over the trigger, no play.
BIDU triggered long (with market support) and worked enough for a partial:
In the Messenger, Rich's AAPL triggered long (without market support due to opening five minutes) and worked:
Rich's FSLR triggered short (without market support) and worked great:
GOOG triggered long (without market support) and didn't work:
Rich's CF triggered short (with market support) and worked:
Rich's FCX triggered short (without market support) and worked:
In total, that's 2 trades triggering with market support, both worked.
Forex Calls Recap for 2/10/12
A nice winner (80 pips to the final exit) to close out the week. See EURUSD section below.
As usual on the Sunday report, we will look at the action from Thursday night/Friday for all pairs, then look at the daily charts with the Seeker and Comber counts separately for all ten pairs (no 13 buy or sells on any symbol this week), and then glance at the US Dollar Index.
Here's the Index intraday with our market directional lines from the session:
Calls resume Sunday for a full week, but the following Monday is a Holiday.
EURUSD:
Triggered short at A early but gave you all the way to B to grab it, never stopped either way, hit first target at C, lowered stop in the morning and then closed final piece at D for end of week:
Stock Picks Recap for 2/9/12
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
Nothing triggered off of the report.
In the Messenger, Rich's ARIA triggered short (with market support) and didn't work:
NFLX triggered short (with market support) and worked for over a point:
Rich's BIIB triggered short (with market support) and worked:
Rich's DMND triggered long (without market support) and worked:
BIDU triggered long (with market support) and worked great:
SINA triggered short (with market support) and worked:
Rich's IRBT triggered short (with market support) and worked:
His CF triggered short (without market support) and didn't do much:
In total, that's 6 trades triggering with market support, 5 of them worked, 1 did not.
Forex Calls Recap for 2/9/12
Another slow session, two in a row. See GBPUSD below. We have Trade Balance in the morning, which is one of our Big Three each month, so half size ahead of it, and then we'll see again if there are additional calls to make in the morning after the data for end of week.
Here's the US Dollar Index intraday with market directional lines:
GBPUSD:
et the trigger nicely and then triggered at A, but stopped at B on news:
Forex Calls Recap for 2/9/12
Another slow session, two in a row. See GBPUSD below. We have Trade Balance in the morning, which is one of our Big Three each month, so half size ahead of it, and then we'll see again if there are additional calls to make in the morning after the data for end of week.
Here's the US Dollar Index intraday with market directional lines:
GBPUSD:
et the trigger nicely and then triggered at A, but stopped at B on news: