Forex Calls Recap for 10/13/11
One winner but it took forever to trigger and play out in the EURUSD. Here is a look at the US Dollar Index with market directional lines:
New calls tonight and Chat.
EURUSD:
Triggered short at A, hit first target of 45-50 pips finally at B, stop should then go over entry and stop at C:
Stock Picks Recap for 10/12/11
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, ADSK gapped over, no play.
IMGN triggered long (with market support) and worked:
CTXS gapped over the trigger, no play.
In the Messenger, Rich's POT triggered short (with market support) and didn't work:
His AAPL triggered short (without market support) and worked:
His DE triggered short (with market support) and worked:
His LVS triggered short (with market support) and didn't work:
His FSLR triggered long (with market support) and worked:
RIMM triggered short (without market support) and didn't work:
His JWN triggered long (with market support) and worked:
His JAZZ triggered short (without market support) and didn't work initially:
In total, that's 6 trades triggering with market support, 4 of them worked, 2 did not.
Forex Calls Recap for 10/12/11
Very nice winner. See GBPUSD below, and still holding.
Here's the US Dollar Index intraday with market directional lines:
New calls and Chat tonight, but Trade Balance in the morning is one of our big three each month.
GBPUSD:
Triggered long at A, hit first target at B and much more, currently holding with a stop under the line:
Tradesight Market Preview for 10/13/11
The ES futures were higher by 8 on the day but the real story is the day within the day. Price gapped up, and then tested the 3/8 Gann level at 1278 only to be rejected and close below the open. This leaves a bearish camouflage sell signal on the chart. Expect weakness in tomorrow’s tape.
NQ futures also posted a camouflage sell signal. Note that price did not record a new high close within the context of the recent range. The sell signal doesn’t have to be trend killer but it does forecast near-term weakness.
Multi sector daily chart:
The 10-day NYSE Trin has retreated to the neutral area but never got near the overbought area of 0.85 or less on this impulse.
The BKX was top gun on the day but never cleared the important 40 level to get back above the downtrend line.
The SOX was able to clear the upper boundary of the channel but registered a bearish close near the low of the day.
The OSX was not able to recoup the 210 area and posted a camouflage sell signal.
The BTK was the last laggard on the day feeling the weight of the declining 50dma (green).
The VIX broke below the recent lows intraday but did not record a new low close and settled near the high of the day. Being short volatility will be treacherous until a close under 30. The chart is short term oversold.
Gold was higher on the day but contained below the broken DTL.
Oil was lower and remains in the downtrend as defined by the active DTL.
Stock Picks Recap for 10/11/11
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, ALXN triggered long (with market support) and worked:
CELL triggered long (with market support) and didn't go enough in either direction to get counted:
VRTX triggered short (with market support) and worked:
In the Messenger, NFLX triggered short (without market support) and worked:
ARO triggered short (without market support) and didn't work:
WYNN triggered short (without market support) and worked enough for a partial:
FSLR triggered short (without market support) and worked:
AAPL triggered long (with market support) and worked:
In total, that's only 3 trades triggering with market support, all 3 of them worked.
Stock Picks Recap for 10/11/11
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, ALXN triggered long (with market support) and worked:
CELL triggered long (with market support) and didn't go enough in either direction to get counted:
VRTX triggered short (with market support) and worked:
In the Messenger, NFLX triggered short (without market support) and worked:
ARO triggered short (without market support) and didn't work:
WYNN triggered short (without market support) and worked enough for a partial:
FSLR triggered short (without market support) and worked:
AAPL triggered long (with market support) and worked:
In total, that's only 3 trades triggering with market support, all 3 of them worked.
Forex Calls Recap for 10/11/11
Pretty flat session with narrow range as the US Dollar ended up about where it started. Here's the Index with our market directional lines:
EURUSD winner, see EURUSD section below.
New calls and Chat this evening, but they will be late again as I am still on vacation. Back to normal Wednesday evening.
EURUSD:
Part of your trade may have triggered long at A and stopped if you follow our order staggering rules. Short triggered at B, hit first target at C, and moved stop over entry in the morning and stopped:
Forex Calls Recap for 10/11/11
Pretty flat session with narrow range as the US Dollar ended up about where it started. Here's the Index with our market directional lines:
EURUSD winner, see EURUSD section below.
New calls and Chat this evening, but they will be late again as I am still on vacation. Back to normal Wednesday evening.
EURUSD:
Part of your trade may have triggered long at A and stopped if you follow our order staggering rules. Short triggered at B, hit first target at C, and moved stop over entry in the morning and stopped:
Tradesight Market Preview for 10/12/11
The ES was little changed on the day but did manage to fill the day’s gap. This was a pause day on the chart where the advance took a breather and consolidated the 100+ handle upside run.
NQ futures were higher by 12 on the day expanding the range of the rally. Price settled exactly at the 200dma. This could be an area where some work needs to be done on the chart. This leg of the move is now only 4 days up.
The SOX continues to bearishly lag the NDX100:
There is also a bearish condition in another intermarket pair. The XAU is still lagging gold futures which is generally bearish for the futures.
The OSX was the top gun on the day. Price challenged the 210 level but was not yet able to take it.
The BKX settled right at the 50dma. A break above this daily moving average would open the door to a bullish cross of the zero line by the MACD.
The SOX was the last laggard posting an inside day. Be sure to alarm Monday’s range for a breakout of the pattern.
Gold is still below the broken trend line.
Oil was slightly higher on the day.
Stock Picks Recap for 10/10/11
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.
From the report, SIMO triggered long (with market support) and worked:
PAYX triggered long (with market support) and worked enough for a partial:
RCII gapped over, no play.
TTWO triggered long (with market support) and worked:
In the Messenger, Rich's RIO triggered long (with market support) and worked:
Rich's BHP triggered long (with market support) and worked:
Rich's FCX triggered long (without market support due to opening five minutes) and worked:
Rich's MCP triggered long (with market support) and worked:
His POT triggered long (with market support) and worked:
His BIDU triggered long (with market support) and worked:
His NFLX triggered short (without market support) and worked great:
In total, that's 8 trades triggering with market support, all 8 of them worked.