Stock Picks Recap for 1/27/12
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, AMLN triggered long (without market support due to opening five minutes) and didn't do much either way, but got halted midday on good news and gapped up nicely in the aftermarket:
SNCR triggered long (with market support) and worked great:
In the Messenger, AMZN triggered long (without market support due to opening five minutes) and worked great:
Rich's ADBE triggered long (without market support due to opening five minutes) and worked:
Rich's FFIV triggered long (with market support) and worked:
GOOG triggered long (without market support) and worked:
Rich's AMGN triggered long (without market support) and worked:
NFLX triggered long (with market support) and worked:
Rich's LNKD triggered short (with market support) and didn't work:
His BIDU triggered long (with market support) and worked great:
In total, that's 5 trades triggering with market support, 4 of them worked, 1 did not.
Forex Calls Recap for 1/27/12
A half-sized overnight session with a trigger on the EURUSD and then full-sized triggers on EURUSD and GBPUSD in the morning to close out what was mostly a boring, sub-average range week in Forex.
Here's the US Dollar Index intraday with our market directional lines:
As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (there is a LOT to see, read below); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES and then glance at the US Dollar Index, where there is also some key information.
A few weeks ago, we began including the daily charts with both the Seeker and Comber tools overlaid on the Sunday reports. This weekend is a key example of why we do that, as the EURUSD, GBPUSD, USDCAD, USDCHF, NZDUSD, AUDUSD, and EURJPY all completed 9-bar setup phases on Friday. This can mean short term reversals on each, but it also means that we now have active Seeker counts and Comber counts. While the Seeker counts start from here, the Comber counts are retroactively counted from the start of the 9-bar setups, so we could potentially get to some 13's there quickly. See way below for details and we will monitor this in the coming two weeks.
EURUSD:
Triggered long at A overnight (half size ahead of GDP) and came within 3 three pips of first target at B, so should have gotten a piece off under our order staggering rules. The rest stopped. Re-entered after GDP, triggered long at C, hit first target at D, closed final piece at tri-star level at E for just under 60 pips:
The rest of the report and market analysis is for subscribers only.
Stock Picks Recap for 1/26/12
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, QSFT technically gapped over, no play.
ADSK triggered long (without market support due to opening five minutes) and worked great:
JDSU triggered long (with market support) and didn't work:
CECO triggered long (without market support due to opening five minutes) and didn't work:
WYNN triggered long (without market support due to opening five minutes) and worked:
In the Messenger, Rich's AAPL triggered short (with market support) and didn't work:
NTAP triggered long (without market support due to opening five minutes) and worked enough for a partial:
Rich's PXD triggered short (with market support) and worked:
Rich's CF triggered short (with market support) and worked great:
Rich's RGLD triggered long (without market support) and worked:
Rich's late day AAPL call triggered short (with market support) and worked enough for a partial:
Rich's JOY triggered short (with market support) and worked:
His FFIV triggered short (with market support) and didn't work:
In total, that's 7 trades triggering with market support, 4 of them worked, 3 did not.
Stock Picks Recap for 1/26/12
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, QSFT technically gapped over, no play.
ADSK triggered long (without market support due to opening five minutes) and worked great:
JDSU triggered long (with market support) and didn't work:
CECO triggered long (without market support due to opening five minutes) and didn't work:
WYNN triggered long (without market support due to opening five minutes) and worked:
In the Messenger, Rich's AAPL triggered short (with market support) and didn't work:
NTAP triggered long (without market support due to opening five minutes) and worked enough for a partial:
Rich's PXD triggered short (with market support) and worked:
Rich's CF triggered short (with market support) and worked great:
Rich's RGLD triggered long (without market support) and worked:
Rich's late day AAPL call triggered short (with market support) and worked enough for a partial:
Rich's JOY triggered short (with market support) and worked:
His FFIV triggered short (with market support) and didn't work:
In total, that's 7 trades triggering with market support, 4 of them worked, 3 did not.
Forex Calls Recap for 1/26/12
Came into the session still long half of the trade from the prior day in the EURUSD. New trade triggered and didn't work (see below); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES but we closed the gain from the prior day.
New calls and Chat tonight, but first look at Q4 GDP tomorrow morning is a once a quarter big number and a half size night.
Here's the US Dollar Index intraday with market directional:
EURUSD:
New trade triggered long at A and stopped just barely at B, which was a disappointment since it later worked precisely to the first target at C. I should also point out that the high of the session at D is exactly a tri-star level from our list. Stopped second half of the trade from the prior session at E for a nice gain:
Tradesight Market Preview for 1/26/12
The ES broke to new highs and accomplished a couple of very important technical points. The static trend line was traded and more importantly the gap from late July that was the origin of the summer break was filled Wednesday. Price is up, price is high but our technical indicators suggest more buying pressure needs to be applied before classic overbought readings are recorded.
The NQ futures recorded a new high on the move and have the 8/8 level in its sights.
The weekly NQ futures have come into a very key area. This is the price were the Seeker sell signal’s risk level resides. The risk level will be broken if it is exceeded on a closing basis and then continues higher by at least one tick on a subsequent bar. This has very big implications for the longer term.
The 10-day Trin is moving lower but still not over bought.
Multi sector daily chart:
The NDX is bullishly leading the SPX:
The XAU exploded higher after the Fed made it clear that they will add liquidity indefinitely.
The BTK settled right below the 10/8 level, jump roping above the consolidation. The pattern is now 12 days up.
The OSX outperformed the broad market but is still contained within the boundary of the downtrend.
The SOX posted a disappointing session, lagging the market. Price is still consolidating last week’s surge and below the upper channel.
The BKX is still contained by the current trading range. Keep a close eye on the levels.
The EURO had a very strong session and is close to a key area where some important work will have to be done. This is the level where the October low and 50dma converge. 1.3200 will be a very key area.
Oil is still gaming the 8/8 level:
Gold settled right at the active DTL with price back above all the major moving averages again. Note that the MACD is close to a bullish cross.
Tradesight Market Preview for 1/26/12
The ES broke to new highs and accomplished a couple of very important technical points. The static trend line was traded and more importantly the gap from late July that was the origin of the summer break was filled Wednesday. Price is up, price is high but our technical indicators suggest more buying pressure needs to be applied before classic overbought readings are recorded.
The NQ futures recorded a new high on the move and have the 8/8 level in its sights.
The weekly NQ futures have come into a very key area. This is the price were the Seeker sell signal’s risk level resides. The risk level will be broken if it is exceeded on a closing basis and then continues higher by at least one tick on a subsequent bar. This has very big implications for the longer term.
The 10-day Trin is moving lower but still not over bought.
Multi sector daily chart:
The NDX is bullishly leading the SPX:
The XAU exploded higher after the Fed made it clear that they will add liquidity indefinitely.
The BTK settled right below the 10/8 level, jump roping above the consolidation. The pattern is now 12 days up.
The OSX outperformed the broad market but is still contained within the boundary of the downtrend.
The SOX posted a disappointing session, lagging the market. Price is still consolidating last week’s surge and below the upper channel.
The BKX is still contained by the current trading range. Keep a close eye on the levels.
The EURO had a very strong session and is close to a key area where some important work will have to be done. This is the level where the October low and 50dma converge. 1.3200 will be a very key area.
Oil is still gaming the 8/8 level:
Gold settled right at the active DTL with price back above all the major moving averages again. Note that the MACD is close to a bullish cross.
Stock Picks Recap for 1/25/11
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, CECO triggered long (with market support); INSERT INTO `wp_posts` (`ID`, `post_author`, `post_date`, `post_date_gmt`, `post_content`, `post_title`, `post_category`, `post_excerpt`, `post_status`, `comment_status`, `ping_status`, `post_password`, `post_name`, `to_ping`, `pinged`, `post_modified`, `post_modified_gmt`, `post_content_filtered`, `post_parent`, `guid`, `menu_order`, `post_type`, `post_mime_type`, `comment_count`) VALUES barely went two cents either direction so doesn't count:
SCSS gapped over, no play.
LULU triggered long (with market support) and worked great:
In the Messenger, Rich's BRCM triggered short (with market support) and worked enough for a partial:
Rich's WYNN triggered long (with market support) and worked:
AAPL triggered short (with market support) and worked enough for a partial:
EBAY triggered short (with market support) and didn't work:
Rich's ALTR triggered long (with market support) and worked enough for a partial:
GS triggered long (with market support) and worked great:
Rich's NFLX triggered long (with market support) and didn't work:
His NEM triggered long (with market support) and worked great:
In total, that's 9 trades triggering with market support, 7 of them worked, 2 did not.
Forex Calls Recap 1/25/12
Better session, although we still got stopped out of one. Fed announcement days are typically light overnight, but you can see movement after the announcement. 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 and hit first target (tri-star magnet level) at C, lowered stop and stopped second half at D. Triggered long after announcement at E and hit first target at F, stop is moved up and holding over:
Forex Calls Recap 1/25/12
Better session, although we still got stopped out of one. Fed announcement days are typically light overnight, but you can see movement after the announcement. 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 and hit first target (tri-star magnet level) at C, lowered stop and stopped second half at D. Triggered long after announcement at E and hit first target at F, stop is moved up and holding over: