Forex Calls Recap for 9/8/11
Better ranges and a winner in the EURUSD. See below. New calls and Chat tonight, back to full size.
Here's the US Dollar Index with market directional lines:
EURUSD:
Triggered short early at A but gave you a chance to enter at B at the European open instead without ever stopping. Hit first target at C, lowered stop in the morning over S1 and stopped at D, unfortunately before it ran even further:
Stock Picks Recap for 9/7/11
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.
From the report, ALXN gapped over the trigger, no play.
In the Messenger, Rich's RGLD triggered short (without market support due to opening five minutes) and worked:
GOOG triggered long (with market support) and didn't work, although it went later:
Rich's EOG triggered long (with market support) and worked:
His VMW triggered long (with market support) and worked:
NFLX triggered long (with market support) and worked:
ERTS triggered long (with market support) and worked enough for a partial, no risk:
In total, that's 5 trades triggering with market support, 4 of them worked, 1 did not.
Forex Calls Recap for 9/7/11
A very flat session for the Dollar Index. Here's a look with our market directional lines:
Winner in the GBPUSD, see below. New calls and Chat this evening, but we have Trade Balance in the morning, so I will be half size (along with rate announcements out of UK and ECB).
GBPUSD:
Triggered long at A, hit first target at B, moved stop under entry and stopped at C:
Forex Calls Recap for 9/7/11
A very flat session for the Dollar Index. Here's a look with our market directional lines:
Winner in the GBPUSD, see below. New calls and Chat this evening, but we have Trade Balance in the morning, so I will be half size (along with rate announcements out of UK and ECB).
GBPUSD:
Triggered long at A, hit first target at B, moved stop under entry and stopped at C:
Tradesight Market Preview for 9/8/11
The SP gapped higher than powered up to finish +34 on the day. The futures made good on yesterday’s camouflage buy candle and were just short of filling the critical 1200 gap. Price is back to the midpoint of the trend channel and neutral relative to the recent range.
The Naz gained 56 handles and filled the overhead gap at 2217.
The 10-day Trin still has plenty of upside juice before it will record an overbought reading.
The put/call ratio took a hit but didn’t record a climatic reading <0.80.
The BKX was the top gun on the day, almost but not quite filling the overhead gap. The real breakout remains over 40.
The OSX came on strong and carried relative strength vs. the SP. The long side gets much more interesting above 245, and even more so above the DTL.
The SOX was strong vs. the Naz which is always encouraging to the bulls. 360 will be a big level where the recent highs will intersect with the midpoint of the trend channel.
The BTK is getting close to the upper boundary of the recent trading range. Note the very large gap overhead. Set an alarm for a break over 1210 as a reminder.
The XAU was the last laggard but still managed a positive close. This is actually a new high close on the move. The pattern is now 7 days up into the 8/8 level.
Oil tested the key $90 level, be sure to watch the DTL.
Gold saw real selling on decent volume. Price was notable disconnected from the XAU.
Be sure to watch the XAU/gold futures chart for a cross.
Tradesight Market Preview for 9/7/11
The SP opened at the lower boundary of the trend channel and found willing bidders. The futures lost 4 handles on the day but I would expect that price will return at least to the midpoint of the channel. Keep in mind that even though price was down on the day the pattern qualifies as a camouflage buy signal.
Naz was strong vs. the SP and filled the day’s gap. Note the importance of the 1287.50 level (June low and break down level).
Multi sector daily chart:
The 10-day Trin is neutral and has plenty of oversold energy available for upside action.
The BTK was top gun, +1%,
The XAU probed prices above the 8/8 level but was rejected.
The OSX was slightly stronger than the broad market.
SOX remains trapped in the same trading range.
The BKX was weaker than the market and still has to reclaim the 40 level to turn bullish.
Oil is still in the triangle, 90 remains key resistance.
Gold printed new highs on the move and has yet to print 13 days up in the Seeker countdown.
Stock Picks Recap for 9/6/11
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, SSRI triggered long (with market support) and worked great:
VECO and FMER gapped under their triggers, no play.
PMTC triggered short (without market support due to opening five minutes) and worked a bit:
In the Messenger, Mark's BIDU triggered long (with market support) and worked:
GOOG triggered long (with market support) and didn't work:
EBAY triggered long (with market support) and didn't work:
In the afternoon, Rich's BIDU triggered long (with market support) and worked a bit, no risk:
AAPL triggered long (with market support) and worked:
In total, that's 6 trades triggering with market support, 4 of them worked, 2 did not.
Forex Calls Recap for 9/6/11
The excitement was on the CHF-based stuff, although probably not to the extent that you could get any on the spike. Meanwhile, we had a loser and a winner, see GBPUSD below.
New calls and Chat tonight.
Here was the US Dollar Index intraday with market directional lines:
GBPUSD:
Triggered short at A but gave you hours all the way to B to enter, then stopped. Triggered long perfectly at C then accelerated quickly to first target at D and stopped second half at E. The short triggered again and worked nice, but too early for me to get in:
Stock Picks Recap for 9/2/11
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.
Nothing triggered off of the report.
From the Messenger, Rich's NFLX triggered long (with market support) and worked for a couple of points:
COST triggered long (with market support) and worked:
SINA triggered long (with market support) and didn't work:
AMZN triggered long (with market support) and didn't really work:
In total, that's 4 trades triggering with market support, 2 of them worked, 2 did not.
Stock Picks Recap for 9/2/11
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.
Nothing triggered off of the report.
From the Messenger, Rich's NFLX triggered long (with market support) and worked for a couple of points:
COST triggered long (with market support) and worked:
SINA triggered long (with market support) and didn't work:
AMZN triggered long (with market support) and didn't really work:
In total, that's 4 trades triggering with market support, 2 of them worked, 2 did not.