Forex Calls Recap for 1/10/12
Boring day again. See GBPUSD below.
New calls and Chat tonight.
Here's the US Dollar Index intraday with market directional lines:
GBPUSD:
Triggered long at A and stopped. Nothing else worth calling as nothing ever happened:
Stock Picks Recap for 1/9/12
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.
From the report, INCY triggered long (without market support due to opening 5 minutes) and worked enough for a partial:
MRVL triggered long (with market support) and didn't go ten cents either way, so we won't count it:
REGN triggered long (without market support due to opening 5 minutes) on a crazy spike:
NUAN triggered long (with market support) and worked fine:
In the Messenger, Rich's BIDU triggered short (without market support due to opening 5 minutes) and worked:
His AAPL triggered long (with market support) and worked enough for a partial:
His JAZZ triggered long (with market support) and worked:
RIMM triggered long (with market support) and didn't do enough to count either way:
Rich's PWRD triggered short (without market support) and worked enough for a partial:
His GOOG triggered short (without market support) and worked enough for a partial:
In total, that's 3 trades that triggered with market support, all 3 worked.
Forex Calls Recap for 1/9/12
Slow start to the week with narrow ranges. See GBPUSD below for trade call reviews.
Here's the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight.
GBPUSD:
Triggered short early (half size if you were ready) at A and stopped. Triggered long at B and stopped at C:
Tradesight Market Preview for 1/10/12
The ES did nothing on the day, trading inside Friday’s range. Price has done almost nothing since gapping up after the holiday.
The NQ futures were weaker than the broad market losing 5 handles on the day. Price did record a new high on the move intraday and has left an indecisive distribution candle on the chart.
The Vix recorded an up day which could be a precursor on some selling pressure to come.
The 10-day NYSE Trin remains overbought reading above 1.35:
The SOX was the top sector on the day up almost 2%. The next level that comes into play will be the 200dma.
The BKX was also stronger than the market, making a new high close on the move. The index closed just below the +2/8 Gann level. If this level is exceeded on a closing basis it will bullishly force a frame shift. Next overhead is the declining 200dma.
The BTK was also relatively strong but closed at the open. The pattern is now 5 days up in the Seeker which leaves more upside room.
The XAU remains a source of funds for the higher beta rotation (i.e. gold money flowing into SOX and BTK).
Gold was lower on the day:
Oil was lower on the day but held the key $100 level. Price remains bullishly above all major moving averages.
Tradesight Market Preview for 1/10/12
The ES did nothing on the day, trading inside Friday’s range. Price has done almost nothing since gapping up after the holiday.
The NQ futures were weaker than the broad market losing 5 handles on the day. Price did record a new high on the move intraday and has left an indecisive distribution candle on the chart.
The Vix recorded an up day which could be a precursor on some selling pressure to come.
The 10-day NYSE Trin remains overbought reading above 1.35:
The SOX was the top sector on the day up almost 2%. The next level that comes into play will be the 200dma.
The BKX was also stronger than the market, making a new high close on the move. The index closed just below the +2/8 Gann level. If this level is exceeded on a closing basis it will bullishly force a frame shift. Next overhead is the declining 200dma.
The BTK was also relatively strong but closed at the open. The pattern is now 5 days up in the Seeker which leaves more upside room.
The XAU remains a source of funds for the higher beta rotation (i.e. gold money flowing into SOX and BTK).
Gold was lower on the day:
Oil was lower on the day but held the key $100 level. Price remains bullishly above all major moving averages.
Stock Picks Recap for 1/6/12
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, ARIA triggered long (with market support) and worked:
In the Messenger, Rich's NFLX triggered long (without market support) and worked great:
His GS triggered short (with market support) and didn't work:
AMZN triggered long (without market support) and worked great:
Rich's SODA triggered short (with market support) and worked enough for a partial:
His PSMT triggered short (with market support) and worked:
Nothing else triggered as the afternoon got pretty slow.
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Stock Picks Recap for 1/6/12
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, ARIA triggered long (with market support) and worked:
In the Messenger, Rich's NFLX triggered long (without market support) and worked great:
His GS triggered short (with market support) and didn't work:
AMZN triggered long (without market support) and worked great:
Rich's SODA triggered short (with market support) and worked enough for a partial:
His PSMT triggered short (with market support) and worked:
Nothing else triggered as the afternoon got pretty slow.
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Forex Calls Recap for 1/6/12
Closed out a 200 pip winner from the prior session to end the week, plus a new trade stopped out for half size ahead of NFP/Unemployment. See EURUSD section below.
Here's the US Dollar Index intraday with market directional lines:
As usual on the weekend report, we will take a look at the action from Thursday night/Friday, then look at the daily charts with both the Seeker and Comber heading into the new week, and then glance at the US Dollar Index.
We have a full week ahead, but then another 3-day weekend for Martin Luther King next Monday.
EURUSD:
Had a stop on the existing short from 1.2920 over VAL. New trades were half size ahead of NFP. Triggered short at A and stopped overnight, but note that the pair exactly used the VAL at B and never stopped the trade from the prior session. If you were awake, triggered short at C, hit first target at D, but I just missed that. Closed final piece at E from prior day for 200 pip gain:
Stock Picks Recap for 1/5/12
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, BMRN triggered long (with market support) and worked:
ESRX triggered long (with market support) and worked:
NTRI triggered long (with market support) and did not work:
In the Messenger, Rich's AAPL triggered short (with market support) and didn't work:
His GS triggered short (with market support) and didn't work:
His GOOG triggered long (with market support) and worked enough for a partial:
EBAY triggered long (with market support) and worked:
Rich's DECK triggered long (with market support) and worked:
AMZN triggered long (with market support) and worked:
Rich's AZO triggered long (with market support) and worked:
COST triggered long (with market support) and worked:
In total, that's 11 trades triggering with market support, 8 of them worked, 2 did not.
Stock Picks Recap for 1/5/12
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, BMRN triggered long (with market support) and worked:
ESRX triggered long (with market support) and worked:
NTRI triggered long (with market support) and did not work:
In the Messenger, Rich's AAPL triggered short (with market support) and didn't work:
His GS triggered short (with market support) and didn't work:
His GOOG triggered long (with market support) and worked enough for a partial:
EBAY triggered long (with market support) and worked:
Rich's DECK triggered long (with market support) and worked:
AMZN triggered long (with market support) and worked:
Rich's AZO triggered long (with market support) and worked:
COST triggered long (with market support) and worked:
In total, that's 11 trades triggering with market support, 8 of them worked, 2 did not.