Forex Calls Recap for 1/17/12
A winner to start the short week. See GBPUSD below.
New calls and Chat tonight. Here's the US Dollar Index intraday with our market directional lines:
GBPUSD:
Told everyone to put full size in early as we usually do on the first day back from a long weekend. Triggered long at A, hit first target at B, lowered stop under entry in the morning and stopped at C:
Forex Calls Recap for 1/17/12
A winner to start the short week. See GBPUSD below.
New calls and Chat tonight. Here's the US Dollar Index intraday with our market directional lines:
GBPUSD:
Told everyone to put full size in early as we usually do on the first day back from a long weekend. Triggered long at A, hit first target at B, lowered stop under entry in the morning and stopped at C:
Forex Calls Recap for 1/13/12
So we ended up with a new small winner, closed out a 100 pip winner, and added another 120 pip winner (to final exit) to close out what started as a very slow week. See EURUSD below.
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 with the Seeker and Comber overlaid for each pair (see GBPUSD in particular); 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.
Here's the Index intraday with market directional lines:
We will have Levels Sunday but no official calls ahead of the Monday Holiday here in the US. Calls resume Monday evening.
EURUSD:
Came in long from the prior session. New trade triggered long at A, hit first target at B, raised stop before I went to bed and stopped that under the entry. This also stopped the rest of the trade from the prior session for 100 pips. Triggered short at D, hit first target at E, lowered stop and eventually closed at F for 120 pips to end the week:
The rest of the report is for subscribers only.
Stock Picks Recap for 1/12/12
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, INTU triggered long (without market support due to opening five minutes) and didn't work:
MPEL gapped over, no play.
TZOO triggered long (without market support due to opening five minutes) and worked for over $0.50 but was awfully fast:
In the Messenger, Rich's NEM triggered long (with market support) and worked:
His AAPL triggered short (without market support due to opening 5 minutes) and worked:
His BIDU triggered short (with market support) and didn't work:
His WYNN triggered short (with market support) and didn't work:
His DECK triggered short (with market support) and didn't work:
His FSLR triggered short (with market support) and worked:
His IBM triggered short (with market support) and worked great:
Another AAPL call triggered short (with market support) and worked enough for a partial:
SINA triggered short (with market support) and didn't work, although it triggered again later and worked:
Rich's SLB triggered short (without market support) and didn't work:
AAPL triggered long (with market support) and didn't work:
In total, that's 9 trades triggering with market support, 4 of them worked, 5 did not. First day of 2012 under 50% winners.
Forex Calls Recap for 1/12/12
Loser and a winner still going. At least we got some action finally. See EURUSD and GBPUSD below.
Here's the US Dollar Index intraday with market directional lines:
New calls and Chat tonight. Half size for me ahead of Trade Balance and also a long weekend.
EURUSD:
An unusual situation. Could have triggered part of the trade early at A (and half size for early entry); 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 put the rest of the orders in heading into the European session, the initial piece would have stopped at B if you got it, then the rest triggered at C and hit first target at D, still going with a stop under 1.2800:
GBPUSD:
Triggered short at A or B and stopped at C:
Tradesight Market Preview for 1/12/12
The ES was higher by 2 handles on the day after recouping a gap down. Price is still contained within the range to date high so range was not expanded. The pattern is now 7 days up.
The NQ futures were higher by 3 on the day with nothing new technically because it was in inside day. Price did settle above the open but it means very little when it’s an inside candle.
The 10-day Trin took a hit but remains overbought.
Multi sector daily chart:
The BTK was the top gun on the day, breaking to a new multi month high. Expect very strong resistance where the 200dma converges with the 8/8 Gann level.
The banks continue to show relative strength settling above the 200dma. Keep in mind that a gaming of the 200dma could still be in the cards. The 8/8 Gann level is just overhead.
The XAU continues its recovery. Watch the DTL that has been added to the chart.
The SOX posted an inside day just below the 200dma. The pattern is now 7 day up.
The OSX was the last laggard on the day losing more than 1%. Please not the active trend channel added to the chart.
Oil:
Gold:
Stock Picks Recap for 1/11/12
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, INTU triggered long (with market support) and didn't work:
ATVI triggered long (with market support) and didn't even go ten cents in either direction, so we don't count it:
QGEN triggered long (with market support) and didn't even go ten cents in either direction, so we don't count it:
In the Messenger, Rich's AAPL triggered short (without market support) and didn't work:
His ADBE triggered short (without market support) and didn't work:
GOOG triggered short (without market support) and worked for just a point:
NTAP triggered short (with market support) and didn't work:
SINA triggered long (with market support) and worked:
Rich's NFLX triggered short (without market support) and worked:
AAPL triggered long (with market support) and worked:
In total, that's 4 trades triggering with market support, 2 of them worked, 2 did not.
Forex Calls Recap for 1/11/12
AUDUSD triggered short and stopped, nothing else triggered.
New calls tonight and Chat.
US Dollar Index intraday with our market directional lines:
AUDUSD:
Triggered short at A and stopped at B:
Tradesight Market Preview for 1/11/12
The ES gained 10 handles on the session making a new high and high close on the move. The problem with the day was that settlement was below the open which leaves a bearish camouflage sell signal on the chart.
The NQ futures were higher by 17 on the day, also settling below the open. In this case while the candle by itself is bearish, it is not a camouflage sell signal because the prior day was a down day. Note the relative weakness in the NQ—more on this below.
In the multi chart below note how the NDX is still well below the Q4 high while the SPX has recorded a new high. This is a bearish divergence because in a typical healthy advance, the NDX will lead.
Multi sector daily chart of key indexes:
The 10-day Trin remains overbought:
The OSX was the top gun on the day, nicely breaking above the 50dma. The next important level is the active static trend line.
The BTK continues to outperform the broad market. Expect resistance at the 7/8 Gann level which stopped the advance in late October.
The XAU was up about 2% but remains below all the major moving averages.
The BKX broke above the Q4 high and can finally be qualified as having positive construction. Expect some gaming and resistance around the 200dma and then the real truth will be revealed.
The SOX touched the 200dma but remains relatively weak. It lagged the Naz today and still needs to better the October high to qualify the potential higher low set in Q4.
Oil:
Gold:
Stock Picks Recap for 1/10/12
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, PLCM triggered long (without market support) and didn't work:
In the Messenger, Rich's BIDU triggered long (without market support) and worked a little late in the day:
Rich's SINA triggered long (with market support) and worked:
My SINA call later in the session triggered long (with market support) and worked:
Rich's V triggered short (with market support) and didn't work:
AAPL triggered long (with market support) and didn't work:
Rich's GS triggered long (without market support) and worked enough for a partial:
Several other calls but nothing else triggered as the day wore on. Not a very exciting day.
In total, that's 4 trades triggering with market support, 2 of them worked, 2 did not.