Stock Picks Recap for 12/8/11
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, AMGN triggered long (without market support due to opening 5 minutes) and worked:
ITMN triggered short (with market support) and didn't work on the first move, worked later though:
IPGP moved too fast at the open to get, but worked.
In the Messenger, NFLX triggered long (with market support) and didn't work:
Rich's AAPL triggered long (with market support) and worked:
GS triggered short (with market support) and worked:
His JOY triggered short (with market support) and worked:
His NFLX triggered short (with market support) and worked:
His CREE triggered short (with market support) and didn't work:
AAPL triggered short (with market support) and worked for over a point:
FSLR triggered short (with market support) and didn't work:
In total, that's 9 trades triggering with market support, 5 of them worked, 4 did not.
Forex Calls Recap for 12/8/11
Couple of winners on the session in GBPUSD, and we're still short and in the money. See below. New calls and Chat tonight, but Trade Balance in the morning is one of our Big Three each month, so half size.
Here's the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, might have stopped one leg but nothing more at B as it only went exactly 3 pips under the stop level. Hit first target at C and closed final piece under entry. Triggered short at D, hit first target a E, and still have the position short with a stop over the line at F:
Forex Calls Recap for 12/8/11
Couple of winners on the session in GBPUSD, and we're still short and in the money. See below. New calls and Chat tonight, but Trade Balance in the morning is one of our Big Three each month, so half size.
Here's the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, might have stopped one leg but nothing more at B as it only went exactly 3 pips under the stop level. Hit first target at C and closed final piece under entry. Triggered short at D, hit first target a E, and still have the position short with a stop over the line at F:
Tradesight Market Preview for 12/8/11
The ES settled up 9 handles on the day, close to the high of the recent range. Note that the pattern is now 8 days up. This is the first settlement above the 200dma on this impulse.
The NQ futures were not as strong as the financially influenced ES. Price was unchanged on the day and the close was below the intraday high of the move.
Multi sector daily chart:
The 10-day Trin remains neutral:
The put/call ratio has yet to record a climatic spike to the downside:
The broker-dealer index was the top gun on the day and is now 8 days up.
The SOX outperformed the Naz and closed at a new high on the move. The next challenge is the September high.
The BKX was up 1% and is just below prior resistance at the 40 level.
The XAU did nothing and posted a narrow range inside day.
The BTK continues to hang on by a thread.
The OSX was the last laggard on the day, using the 10ema for intraday support. Note that the Seeker has an active 13 sell signal in place.
Gold was higher by 14 on the day.
Oil was weaker than the market, just holding above 100.
Stock Picks Recap for 12/7/11
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.
In the report, CIEN triggered short (with market support) and didn't work:
In the Messenger, Rich's SODA triggered short (with market support) and worked:
His GOOG triggered short (with market support) and spiked a point, then reversed, enough for a partial if you got any to begin with:
Rich's SINA triggered short (with market support) and worked enough for a partial:
NFLX triggered long (without 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 I highlighted this in the Lab, and worked great:
GOOG triggered long (with market support) and worked enough for a partial:
Rich's GS triggered long (with market support) and worked:
His MW triggered long (with market support) and didn't work:
His FSLR triggered short (without market support) and worked:
RIMM triggered short (without market support) and didn't work:
AMGN triggered too late in the day to count either way.
In total, that's 8 trades triggering with market support, 6 of them worked, 2 did not.
Forex Calls Recap for 12/7/11
Winner and a loser on the EURUSD, so a wash under these circumstances as the pairs mostly ended up back where they started again. US Dollar Index intraday with our market directional lines:
New calls and Chat tonight, but rate announcements out of Europe.
EURUSD:
Triggered long at A and gave you until B to enter, hit first target at C and second half stopped. Triggered short at the second A and stopped at the second B, didn't go enough for first target:
Forex Calls Recap for 12/7/11
Winner and a loser on the EURUSD, so a wash under these circumstances as the pairs mostly ended up back where they started again. US Dollar Index intraday with our market directional lines:
New calls and Chat tonight, but rate announcements out of Europe.
EURUSD:
Triggered long at A and gave you until B to enter, hit first target at C and second half stopped. Triggered short at the second A and stopped at the second B, didn't go enough for first target:
Tradesight Market Preview for 12/7/11
The market did very little on Tuesday, unable to move higher because of yesterday’s camouflage sell signal and supported by the latent bids from the bulls. There is nothing new technically other than the pattern printing 7 days up in the Seeker setup.
The NQ futures posted a similar day, weighed down by the camo sell signal. Volume across most trading vehicles was very, very light.
Multi sector daily chart:
The NYSE 10-day Trin has retreated back to the neutral area. While the oversold energy has now been depleted, there is room to go before an overbought reading is recorded.
GDX was the best performing sector on the day:
The SOX was slightly lower on the day:
The OSX posted a narrow range inside day:
The BKX was much weaker than the broad market but still managed to post an inside day. Keep in mind the resolution of an inside day usually packs more punch then a typical day.
Oil is still consolidating just above the 100 level.
Gold was lower on the day but recouped a bigger loss by settlement.
Tradesight Market Preview for 12/7/11
The market did very little on Tuesday, unable to move higher because of yesterday’s camouflage sell signal and supported by the latent bids from the bulls. There is nothing new technically other than the pattern printing 7 days up in the Seeker setup.
The NQ futures posted a similar day, weighed down by the camo sell signal. Volume across most trading vehicles was very, very light.
Multi sector daily chart:
The NYSE 10-day Trin has retreated back to the neutral area. While the oversold energy has now been depleted, there is room to go before an overbought reading is recorded.
GDX was the best performing sector on the day:
The SOX was slightly lower on the day:
The OSX posted a narrow range inside day:
The BKX was much weaker than the broad market but still managed to post an inside day. Keep in mind the resolution of an inside day usually packs more punch then a typical day.
Oil is still consolidating just above the 100 level.
Gold was lower on the day but recouped a bigger loss by settlement.
Stock Picks Recap for 12/6/11
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, SREV triggered late in the session (with market support) and didn't have enough time to go anywhere, so we won't count it either way:
In the Messenger, Rich's JPM triggered short (with market support) and worked enough for a partial:
His X triggered short (with market support) and worked enough for a partial:
His BIDU triggered short (with market support) and didn't work:
His WYNN triggered short (without market support) and worked great:
GS triggered long (with market support) and worked great:
Rich's FSLR triggered long (with market support) and worked enough for a partial:
His SINA triggered long (with market support) and worked enough for a partial:
In total, that's 6 trades triggering with market support, 5 of them worked, 1 did not.