Stock Picks Recap for 11/15/11
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, BSFT triggered long (with market support) and worked enough for a partial:
INFA triggered long (with market support) and worked:
In the Messenger, Rich's AAPL triggered long (with market support) and worked:
AXP triggered long (with market support) and didn't work:
Rich's SHLD triggered short (with market support) and worked:
Rich's DKS triggered short (with market support) and worked enough for a partial:
FSLR triggered short (with market support) and didn't work:
TEVA triggered short (with market support) and didn't work:
Rich's CLF triggered long (with market support) and worked:
His FFIV triggered long (with market support) and worked:
In total, that's 10 trades triggering with market support, 7 of them worked, 3 did not.
Tradesight Market Preview for 11/16/11
The ES reversed back to the upside but is still trapped under the 200dma and within the triangle pattern. The pattern needs to be resolved before there is any new technical development.
The NQ futures were higher by 17 on the day besting the range from the last few days. The MACD remains negative but so far price remains bullishly above the 200dma.
Multi sector daily chart:
Intermarket analysis:
The NDX is still bullishly leading the SPX.
Oil service stocks represented by the OSX are bearishly lagging oil futures. This implies that when oil hits the next level of resistance, it will fail.
The SOX is badly lagging the NDX and will be a drag until the relationship normalizes.
The XAU is slightly lagging gold futures but the divergence is very minimal. Keep a close eye on the chart to see if the divergence widens which would be bearish for the underlying commodity.
The SOX was top gun on the day, leading all other major sectors. The break over the 50% fib is the key to much higher prices and an overall positive NDX. Although not denoted on this chart, the current pattern is 10 days up in the Seeker sell countdown with little chance of a recycle.
The Dow transports are back again to challenge the 200dma. Dow theorists are watching this very closely.
The BKX was higher on the day and traded in-line with the performance of the broad market. Key support just below at the 50dma
The OSX closed little changed on the day. Like the broad market, the OSX is winding up inside a triangle.
Keep a close eye on the BTK for a break back above the 1088 level which will could turn initiate a Seeker price flip and pivot the trend off the 9 bars down.
Oil is now 9 day up and into the static trend line. This is key resistance and a huge level.
Forex Calls Recap for 11/15/11
Better session with a clean trigger on the EURUSD that worked (and still going). See below. New calls and Chat tonight.
Here's the US Dollar Index intraday with market directional lines:
EURUSD:
Triggered short at A, gave you all the way to B to enter without stopping, hit first target at C, and lowered stop over S1 at D, still holding the position:
Forex Calls Recap for 11/15/11
Better session with a clean trigger on the EURUSD that worked (and still going). See below. New calls and Chat tonight.
Here's the US Dollar Index intraday with market directional lines:
EURUSD:
Triggered short at A, gave you all the way to B to enter without stopping, hit first target at C, and lowered stop over S1 at D, still holding the position:
Stock Picks Recap for 11/14/11
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, SPLS triggered long (with market support) and didn't work:
CSTR gapped under the short trigger, no play.
In the Messenger, Rich's CTRP triggered short (without market support) and worked:
His LVS triggered long (without market support) and worked:
AMZN triggered long (with market support) and worked huge:
Rich's SINA triggered long (without market support) and worked:
Rich's AAPL triggered short (with market support) and didn't work:
COST triggered long (with market support) and worked:
Rich's FMCN triggered long (without market support) and worked:
AIG triggered short (with market support) and didn't work:
In total, that's 5 trades triggering with market support, 2 of them worked, 3 did not. Under 50% for the first time in months, but not a surprise to see it on such a light volume day.
Forex Calls Recap for 11/14/11
Loser in the GBPUSD by a couple of pips, but it worked later. Looks like e-Signal had an issue with about an hour of data from MB as well, so there are gaps in the charts.
Here's the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight.
GBPUSD:
Triggered short at A and stopped by just a couple of pips at B before working great. If you were awake, could have taken again, but that doesn't fall into our official timeline for trading:
Stock Picks Recap for 11/10/11
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.
There were no calls in the report for Veteran's Day.
In the Messenger, Rich's AAPL triggered short (without market support) and worked:
His RGLD triggered long (with market support) and worked:
His DE triggered long (with market support) and worked:
NTAP triggered long (with market support) and worked:
AMZN triggered long (with market support) and worked huge:
In total, that's 4 trades triggering with market support, all 4 of them worked, and the other 1 did too.
Forex Calls Recap for 11/10/11
Closed out the EURUSD trade from the prior day for 220 pips, but not much for new trades. See EURUSD below.
Here's the US Dollar Index intraday with market directional lines:
Levels will be posted tonight since today's ranges were fine if you want to trade, but there will be no calls due to the US Bank Holiday.
EURUSD:
So we lowered the stop from the prior day's short to above the new UBreak. New short triggered at A and stopped. Unless you lowered the stop again oon the existing short, it stopped at B for 220 pips. Long triggered at C and stopped at D. Triggered again in the morning at E and closed at F when it didn't reach the first target for end of session:
Forex Calls Recap for 11/10/11
Closed out the EURUSD trade from the prior day for 220 pips, but not much for new trades. See EURUSD below.
Here's the US Dollar Index intraday with market directional lines:
Levels will be posted tonight since today's ranges were fine if you want to trade, but there will be no calls due to the US Bank Holiday.
EURUSD:
So we lowered the stop from the prior day's short to above the new UBreak. New short triggered at A and stopped. Unless you lowered the stop again oon the existing short, it stopped at B for 220 pips. Long triggered at C and stopped at D. Triggered again in the morning at E and closed at F when it didn't reach the first target for end of session:
Tradesight Market Preview for 11/15/11
The ES lost 9 handles on the day, settling just above the 1250 price magnet. Note that the recent pattern since 10/27 is tracing out a triangle. The breakout should be significant. Perhaps we’ll see it Tuesday or Wednesday?
The NQ futures are still in the same lateral range, losing 7 on the day. There are no new technical features since price was contained within Friday’s range.
Multi sector daily chart:
The 10-day Trin is oversold reading well over the 1.35 level.
The put/call ratio recorded a complacent but not climatic reading of 0.79.
The daily cumulative A/D line of the NASDAQ composite continues to bearishly lag price.
The BTK was the only major sector that was positive on the day. Note that the patter is 9 days down on the Seeker and could pivot back up to the midpoint anytime.
The OSX is still working on a right shoulder for the breakout or failure. The pattern still needs a little more time to develop.
The SOX was lower on the day, underperforming the NQ. A break above the 405 would get momentum going to the upside.
The XAU traded inside yesterday’s candle so there is nothing new technically.
The BKX was the last laggard on the day, key support is just below at 37.84 (50dma).
Oil posted an 8th day up, just below key overhead at 100.
Gold was a little lower on the day, feeling the pull of a stronger $US.
