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.
Forex Calls Recap for 10/10/11
US Bank Holiday turned into a big move. See EURUSD below.
US Dollar Index intraday with market directional lines:
New calls this evening.
EURUSD:
Triggered long at A, hit first target at B, stop should currently be under R2:
Tradesight Market Preview for 10/11/11
The ES tacked on another 34 handles to the latest rally. This is a 106 point rally from low close to high close. Price has settled above the 50dma for the first time since July. The only cause for concern tomorrow is the trend termination formation that just completed. While this are often not trend killers when they are found midrange, the usually make for a tough trade the day after the signal. Be flexible to look for short opportunities Tuesday.
The NQ futures were higher by 75 and also have a trend termination formation. The CCI is right on the cusp of overbought.
Nq
Multi sector daily chart:
The 10-day Trin remains full of upside energy:
The BKX was the top gun up 5%. Price remains in a downtrend but a close over the 50dma just a little higher should break the pattern. Be patient and be ready.
The OSX was stronger than the broad market and has resistance just above 210.
The XAU was higher and traded in-line with the market.
The SOX is moving higher and is right at the upper boundary of the active trend channel. A confirmed breakout would be huge for equities.
Gold was higher fueled by the sharp weakness in the $US.
Oil is getting close to the active DTL. A breakout would be positive for equities and bad for gas guzzlers.
Tradesight Market Preview for 10/11/11
The ES tacked on another 34 handles to the latest rally. This is a 106 point rally from low close to high close. Price has settled above the 50dma for the first time since July. The only cause for concern tomorrow is the trend termination formation that just completed. While this are often not trend killers when they are found midrange, the usually make for a tough trade the day after the signal. Be flexible to look for short opportunities Tuesday.
The NQ futures were higher by 75 and also have a trend termination formation. The CCI is right on the cusp of overbought.
Nq
Multi sector daily chart:
The 10-day Trin remains full of upside energy:
The BKX was the top gun up 5%. Price remains in a downtrend but a close over the 50dma just a little higher should break the pattern. Be patient and be ready.
The OSX was stronger than the broad market and has resistance just above 210.
The XAU was higher and traded in-line with the market.
The SOX is moving higher and is right at the upper boundary of the active trend channel. A confirmed breakout would be huge for equities.
Gold was higher fueled by the sharp weakness in the $US.
Oil is getting close to the active DTL. A breakout would be positive for equities and bad for gas guzzlers.
Forex Calls Recap for 10/6/11
An interesting session that was half size for me ahead of both BoE and ECB rate announcements. Lots of triggers, see EURUSD below. Currently still long EURUSD. New calls and Chat tonight, but half size again ahead of NFP.
Here's a look at the US Dollar Index intraday with market directional tools:
EURUSD:
Lots to see here. Our short triggered very early (so quarter size in this case) at A. Note the 13 buy signal from the Seeker at B that worked even at a strange time of day. That initial short stopped at C. Put it back in for European session half size, triggered short at D and stopped. Too bad, because it worked later. Meanwhile, the long triggered at E, hit first target exactly at F, stopped second half. Later in the morning, put trades back in as usual, long triggered again at G, hit first target at H, holding second half with a stop under R1:
Phew!
Forex Calls Recap for 10/6/11
An interesting session that was half size for me ahead of both BoE and ECB rate announcements. Lots of triggers, see EURUSD below. Currently still long EURUSD. New calls and Chat tonight, but half size again ahead of NFP.
Here's a look at the US Dollar Index intraday with market directional tools:
EURUSD:
Lots to see here. Our short triggered very early (so quarter size in this case) at A. Note the 13 buy signal from the Seeker at B that worked even at a strange time of day. That initial short stopped at C. Put it back in for European session half size, triggered short at D and stopped. Too bad, because it worked later. Meanwhile, the long triggered at E, hit first target exactly at F, stopped second half. Later in the morning, put trades back in as usual, long triggered again at G, hit first target at H, holding second half with a stop under R1:
Phew!
Stock Picks Recap for 10/6/11
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, RMBS triggered long (with market support) and didn't work:
AKAM triggered long (with market support) and didn't work:
In the Messenger, COST triggered short (without market support) and went enough for a partial:
Rich's GS triggered short (with market support) and didn't work:
AAPL triggered long (with market support) and worked great:
Several other calls did not trigger as the afternoon was flat.
In total, that's 4 trades triggering with market support, 1 of them worked, 3 did not. That's our first ratio under 50% in a while, but the AAPL call was big.
Stock Picks Recap for 10/5/11
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, CPHD gapped over the trigger, no play. Nothing else from the report triggered.
In the Messenger, NTAP triggered long (with market support) and worked huge:
Rich's CF triggered long (with market support) and worked:
His MOS triggered long (with market support) and worked:
His NFLX triggered short (without market support) and worked for a point:
FSLR triggered long (with market support) and worked enough for a partial:
Rich's PCLN triggered long (with market support) and worked for a point and a half:
His OPEN triggered long (with market support) and did not work:
GS triggered long (with market support) and worked:
In total, that's 8 trades triggering with market support, 7 of them worked, 1 did not.
Forex Calls Recap for 10/5/11
An interesting night with very little range. See EURUSD and GBPUSD below for triggers.
Here's the US Dollar Index intraday with market directional lines:
New calls and Chat tonight.
EURUSD:
Triggered long over red UBreak line and stopped:
GBPUSD:
Triggered short early at A and gave you hours to entry before finally stopping overnight. Triggered short at B in the morning, note the 13-bar buy signal that was the low, and eventually closed at C for a few pips gain with time running out:
Tradesight Market Preview for 10/6/11
The ES added 21 more to the recent upward impulse. Price settled just below the 10ema and reclaiming this key level would be another confirmation that this could be a lasting change in trend. The next technical feature to bolster the reversal case would be a Seeker price flip where price closes above the close 4 days ago.
The NQ futures were higher by 54 handles and reentered the price channel. Price settled right at the 10ema. The Seeker still has yet to record a price flip to begin an upward 9 bar momentum count.
Multi sector daily chart:
10-day NYSE Trin:
The XAU was top gun on the day and recorded a Seeker price flip.
The SOX was up 3% getting back to the midpoint of the price channel.
The BTK was stronger than the Naz. Price has now moved into a lateral trading formation.
The OSX is turning back up after using the risk level for support. Still no price flip.
The BKX continues to lag the broad market.
Gold did very little.
Oil is still holding above the 0/8 Gann level.
