Stock Picks Recap for 11/18/11
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, BCSI gapped over the long trigger, no play.
PDCO triggered short (with market support) and worked:
HOLX triggered short (with market support) and didn't do enough either way to count:
In the Messenger, Rich's CRM triggered short (with market support) and worked:
His BIDU triggered short (with market support) and didn't work:
FSLR triggered long (without market support) and went enough for a partial, but it was over very quick:
NFLX triggered long (with market support) and worked enough for a partial:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Forex Calls Recap for 11/18/11
Nice winner to close out a somewhat boring week in all of the markets. See EURUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
As usual on the Sunday report, we will start by looking at the action from Thursday night/Friday in all of our pairs, then look at the daily charts heading into the new week (while there are no patterns of note, there is something to read about on the EURUSD 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 look at the US Dollar Index (also something to see there).
Next week is a short week with the Thanksgiving holiday. There will be no calls Wednesday night for the holiday. Thursday night/Friday usually doesn't amount to anything either.
EURUSD:
Triggered long at A, gave you a perfect chance later to take it if you missed it at B, hit first target at C, raised stop in the morning and stopped at D for about 70 pips winner:
Stock Picks Recap for 11/17/11
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, INFY triggered short (with market support) and didn't work, worked later:
In the Messenger, Mark's SPRD triggered short (with market support) and worked:
There were several other calls in the Messenger, but none of them triggered. Rich was out most of the day.
In total, that's 2 trades triggering with market support, 1 of them worked, 1 did not.
Stock Picks Recap for 11/17/11
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, INFY triggered short (with market support) and didn't work, worked later:
In the Messenger, Mark's SPRD triggered short (with market support) and worked:
There were several other calls in the Messenger, but none of them triggered. Rich was out most of the day.
In total, that's 2 trades triggering with market support, 1 of them worked, 1 did not.
Forex Calls Recap for 11/17/11
Dull night with a stop out on EURUSD, see below. New calls tonight and Chat. Friday is options expiration, which can have some impact on Forex trading as well.
Here's the US Dollar Index intraday with market directional:
EURUSD:
Triggered long at A and stopped at B. Couldn't get a clean move, which is a bummer because it exactly hit our first target at C to the pip:
Tradesight Market Preview for 11/17/11
The ES closed on the low of the day losing 23 handles. Price has penetrated the low of the current triangle but hasn’t yet followed through to confirm the break. The price action in the next 48 hours will set the tone for the next move.
The NQ futures lost 46 on the day but did yet to break any important technical levels. If the 200dma is lost then the price action from the last 5 weeks will turn into a nasty area of distribution and trap all the longs that got invested into the Q3 earnings season.
Multi sector daily chart, note the relative underperformance of the BTK:
The OSX was the top gun on the day and the only major sector to close in the green. Price attempted to break above the triangle but settled back within the pattern negating any real technical development.
The SOX outperformed the Naz and SP. Price remains trapped between the September high and the 50% fib.
The BTK is getting very close to the range low close.
The BKX was weaker than the broad market and settled just above the 50dma. This is very key support that needs to hold.
Gold was lower by 17 on the day:
Oil broke strongly above the 100 level and is now in the overbought area of the Gann box.
Tradesight Market Preview for 11/17/11
The ES closed on the low of the day losing 23 handles. Price has penetrated the low of the current triangle but hasn’t yet followed through to confirm the break. The price action in the next 48 hours will set the tone for the next move.
The NQ futures lost 46 on the day but did yet to break any important technical levels. If the 200dma is lost then the price action from the last 5 weeks will turn into a nasty area of distribution and trap all the longs that got invested into the Q3 earnings season.
Multi sector daily chart, note the relative underperformance of the BTK:
The OSX was the top gun on the day and the only major sector to close in the green. Price attempted to break above the triangle but settled back within the pattern negating any real technical development.
The SOX outperformed the Naz and SP. Price remains trapped between the September high and the 50% fib.
The BTK is getting very close to the range low close.
The BKX was weaker than the broad market and settled just above the 50dma. This is very key support that needs to hold.
Gold was lower by 17 on the day:
Oil broke strongly above the 100 level and is now in the overbought area of the Gann box.
Stock Picks Recap for 11/16/11
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, MENT triggered long (with market support) and didn't quite go enough for a partial:
VIVO triggered long by a penny (with market support) and didn't work, but only traded 150,000 shares for the day, below what we like to see:
In the Messenger, we had two long calls on GOOG, the first triggered (with market support) and worked, the second triggered (with market support) and didn't:
Rich's AAPL triggered long (with market support) and worked for over a point:
FSLR hit the Messenger after it triggered, so we won't count it.
AMZN triggered short (with market support) and worked:
Rich's AAPL triggered short (with market support) and worked:
His NFLX triggered short (without market support) and worked huge:
His RIG triggered long (with market support) and worked:
RIMM triggered short (without market support) and worked:
Rich's APA triggered long (with market support) and worked enough for a partial before the market rolled:
In total, that's 9 trades triggering with market support, 6 of them worked, 3 did not.
Stock Picks Recap for 11/16/11
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, MENT triggered long (with market support) and didn't quite go enough for a partial:
VIVO triggered long by a penny (with market support) and didn't work, but only traded 150,000 shares for the day, below what we like to see:
In the Messenger, we had two long calls on GOOG, the first triggered (with market support) and worked, the second triggered (with market support) and didn't:
Rich's AAPL triggered long (with market support) and worked for over a point:
FSLR hit the Messenger after it triggered, so we won't count it.
AMZN triggered short (with market support) and worked:
Rich's AAPL triggered short (with market support) and worked:
His NFLX triggered short (without market support) and worked huge:
His RIG triggered long (with market support) and worked:
RIMM triggered short (without market support) and worked:
Rich's APA triggered long (with market support) and worked enough for a partial before the market rolled:
In total, that's 9 trades triggering with market support, 6 of them worked, 3 did not.
Forex Calls Recap for 11/16/11
Early movement meant that I had to make additional calls later in the evening, as the EURUSD short triggered very early. See EURUSD and GBPUSD below for main calls. It was a half size night anyway with the CPI data in the morning. Back to normal tonight.
Here's the US Dollar Index intraday with market directional:
EURUSD:
The original call triggered too early at A, although it gave you until B to enter and worked to first target at C. I didn't take that trade as it was too early and ahead of CPI. Meanwhile, the additional call triggered long at D, hit first target at E, and I still have part of the trade with a stop under the black line:
GBPUSD:
Additional call due to early movement triggered short at A and stopped (note that we had a 13 Seeker buy signal right when it triggered short...never a good combo):
