Stock Calls Recap for 12/28/11
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.
Nothing triggered off of the report.
In the Messenger, AMZN triggered short (with market support) and worked huge:
Rich's AAPL triggered short (with market support) and worked:
His JPM triggered short (with market support) and didn't work:
His GS triggered short (with market support) and didn't work:
His MCP triggered short (with market support) and worked:
In total, that's 5 trades triggering with market support, 3 of them worked, 2 did not.
Forex Calls Recap for 12/28/11
Dead session for the European session, but a big move in the US session that started just before I got back to my desk to take advantage. See GBPUSD below.
New calls and Chat tonight.
Here's the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A and stopped. Triggered long at B and stopped. Triggered again short at C, which would have been valid again and worked for 200 pips, but it happened about 15 minutes before I was back at my desk in the morning, unfortunately:
Stock Picks Recap for 12/27/11
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, EXPE gapped over the trigger, no play, although it triggered again later and worked.
In the Messenger, Rich's AMZN triggered short (without market support) and didn't work:
His SHLD triggered short (without market support) and worked:
His WYNN triggered long (with market support) and didn't work:
In total, that's 1 trades triggering with market support, and it didn't work.
Stock Picks Recap for 12/27/11
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, EXPE gapped over the trigger, no play, although it triggered again later and worked.
In the Messenger, Rich's AMZN triggered short (without market support) and didn't work:
His SHLD triggered short (without market support) and worked:
His WYNN triggered long (with market support) and didn't work:
In total, that's 1 trades triggering with market support, and it didn't work.
Forex Calls Recap for 12/27/11
Dead session for the European session, but a big move in the US session that started just before I got back to my desk to take advantage. See GBPUSD below.
New calls and Chat tonight.
Here's the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A and stopped. Triggered long at B and stopped. Triggered again short at C, which would have been valid again and worked for 200 pips, but it happened about 15 minutes before I was back at my desk in the morning, unfortunately:
Tradesight Market Preview for 12/28/11
The ES closed unchanged after expanding the upside range of the current run. Expect that the 200dma might be a near-term draw.
NQ futures were higher by 7 on the day but couldn’t break above the active DTL. Note the proximity of the 200dma which could be a draw in a light volume environment.
Multi sector daily chart:
Note how in the chart below the NYSE cumulative A/D line is bullishly leading the broad market, represented by the SPX.
The BTK was the top gun on the day closing above the 50dma for the first time since October. Keep in mind that there is still an active Seeker buy signal active.
The SOX remains below the major moving averages.
The OSX was almost unchanged on the day with an active Seeker sell signal in play.
The BKX is having trouble at the key 40 level:
The XBD broker-dealer index posted a potential reversal day which would be bad news for the broader financials.
The XAU could be forming a bearish lower reverse cup so set an alarm for a break under 178.
Gold was slightly lower on the day :
Oil broke nicely above the 100 level and is closing in on the recent highs at 102.75.
Forex Calls Recap for 12/23/11
Pretty much as expected, the market was boring as everyone is away. I was half size and one stop out and cancelled the rest in the morning before they triggered as I really didn't expect it to work.
Here's the US Dollar Index intraday with our market directional lines:
No calls Sunday for the Christmas Holiday (banks closed Monday). We resume Monday evening.
As usual on the Sunday report, we will take a look at the action from Thursday night/Friday. Then we will look at the daily charts for all ten pairs with BOTH the Seeker and Comber separately, as we started to do next week. Then we'll look at the US Dollar Index.
Have a Happy Holiday.
EURUSD:
Triggered long at A, didn't make it to the first target, stopped at B:
Forex Calls Recap for 12/22/11
Feels like everyone is out shopping and done, doesn't it? Two stops on EURUSD, see below.
Here's the US Dollar Index intraday with market directional lines:
New calls tonight but half size for me. No calls Sunday with the Holiday, back to it Monday.
EURUSD:
Triggered long at A and stopped. Triggered short at B and stopped:
Forex Calls Recap for 12/22/11
Feels like everyone is out shopping and done, doesn't it? Two stops on EURUSD, see below.
Here's the US Dollar Index intraday with market directional lines:
New calls tonight but half size for me. No calls Sunday with the Holiday, back to it Monday.
EURUSD:
Triggered long at A and stopped. Triggered short at B and stopped:
Stock Picks Recap for 12/22/11
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, UTHR triggered long (with market support) and worked:
LAMR triggered long (with market support) and worked:
SEIC triggered long (with market support) and worked:
WWWW triggered long (without market support due to opening five minutes) and didn't work:
In the Messenger, Rich's FFIV triggered short (without market support) and didn't work:
In total, that's 3 trades triggering with market support, all 3 of them worked.