Forex Calls Recap for 9/2/11
Another small winner to end the week in the GBPUSD, which was good to us this week.
No calls or Levels Sunday for the Labor Day holiday here in the US. Back to work Monday night.
Here's the US Dollar Index intraday with market directional lines:
As usual on the Sunday report, we'll have a look at the action from Thursday night/Friday, then the daily charts heading into the new week (nothing special to see); 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 discuss (briefly) the US Dollar Index.
The rest of the report is available for subscribers only.
Stock Picks Recap for 9/1/11
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, TIVO triggered long (with market support) and worked a little, never went against:
TWTC triggered long (without market support due to opening five minutes) and didn't work:
In the Messenger, RIMM triggered long (with market support) and worked:
AMZN triggered long (with market support) and worked:
AAPL triggered short (with market support) and worked:
Rich's ZUMZ triggered long (without market support) and didn't work:
His SFLY triggered short (with market support) and worked:
His NVLS triggered long (without market support) and worked enough for a partial:
His CIEN triggered long (without market support) and didn't work:
In total, that's 5 trades triggering with market support, all 5 of them worked.
Forex Calls Recap from 9/1/11
New trade on the GBPUSD Vuse stopped, but the second half of the prior day's short closed out for 125 pips or so. See below.
New calls tonight and Chat, but we have NFP data in the morning, which is one of our big three each month, so I'm less than half size for it. Might get a setup for end of week bank closeout heading into the long weekend in the morning, unless they already left.
Here's the US Dollar Index intraday with market directional lines as we track them:
GBPUSD:
Came into the session still short half of a position from the prior day and moved the stop over the UBreak, which was the red line at A. New trade triggered short overnight at B and unfortunately stopped me out at C by a few pips before working. However, the other short was still in place and I lowered the stop twice in the morning, finally stopping out over SEO S2 at D for 125 pip gain to the final:
Forex Calls Recap from 9/1/11
New trade on the GBPUSD Vuse stopped, but the second half of the prior day's short closed out for 125 pips or so. See below.
New calls tonight and Chat, but we have NFP data in the morning, which is one of our big three each month, so I'm less than half size for it. Might get a setup for end of week bank closeout heading into the long weekend in the morning, unless they already left.
Here's the US Dollar Index intraday with market directional lines as we track them:
GBPUSD:
Came into the session still short half of a position from the prior day and moved the stop over the UBreak, which was the red line at A. New trade triggered short overnight at B and unfortunately stopped me out at C by a few pips before working. However, the other short was still in place and I lowered the stop twice in the morning, finally stopping out over SEO S2 at D for 125 pip gain to the final:
Tradesight Market Preview for 9/1/11
The SP finished the day higher by 13 in a very sloppy low volume day. Price gapped higher, and bearishly closed below the open. Note that price touched and then was rejected by the upper trend channel. A camouflage sell condition is in place.
Naz touched the 50dma but was rejected and settled with a camouflage sell signal.
Multi sector daily chart:
The broker-dealer index was the top performer but was unable to close the gap.
The BKX was higher on the day and outperformed the broad market. Note that price tested the key resistance level but didn’t exceed it on a closing basis.
The OSX tested higher prices but was rejected by sellers.
The BTK pushed higher into the gap but bearishly settled below the open.
The XAU hit the static trend line and settled lower on the day. The obvious goal has been reached by the bulls and now a close above to break this level would be notable.
The SOX was the last laggard on the day and is a cause for concern to the bulls. Keep a close eye on the midpoint of the trend channel. A close above this line would be the first piece of evidence that a legitimate change in trend is in the works.
Gold posted a very narrow session.
Oil was almost unchanged even after the weekly government inventory data was released.
Tradesight Market Preview for 9/1/11
The SP finished the day higher by 13 in a very sloppy low volume day. Price gapped higher, and bearishly closed below the open. Note that price touched and then was rejected by the upper trend channel. A camouflage sell condition is in place.
Naz touched the 50dma but was rejected and settled with a camouflage sell signal.
Multi sector daily chart:
The broker-dealer index was the top performer but was unable to close the gap.
The BKX was higher on the day and outperformed the broad market. Note that price tested the key resistance level but didn’t exceed it on a closing basis.
The OSX tested higher prices but was rejected by sellers.
The BTK pushed higher into the gap but bearishly settled below the open.
The XAU hit the static trend line and settled lower on the day. The obvious goal has been reached by the bulls and now a close above to break this level would be notable.
The SOX was the last laggard on the day and is a cause for concern to the bulls. Keep a close eye on the midpoint of the trend channel. A close above this line would be the first piece of evidence that a legitimate change in trend is in the works.
Gold posted a very narrow session.
Oil was almost unchanged even after the weekly government inventory data was released.
Stock Picks Recap for 8/31/11
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.
Here's a day where we don't officially count the top pick because it triggered in the opening five minutes, but you should have grabbed that as is always the case with any top pick.
From the report, MAKO triggered long (without market support due to opening five minutes) and worked great:
SYMC triggered long (without market support due to opening five minutes) and worked enough for a partial:
ORCL triggered long (without market support due to opening five minutes) and worked great:
In the Messenger, Rich's BIDU triggered short (without market support due to opening five minutes) and worked:
NFLX triggered short (without market support) and worked:
AMZN triggered long (with market support) and worked:
AAPL triggered short (with market support) and worked:
Rich's CF triggered short (with market support) and worked:
Rich's CMG triggered short (with market support) and worked:
GOOG triggered short (with market support) and worked:
In total, that's 5 trades triggering with market support, all 5 of them worked, and more nice winners without market support.
Stock Picks Recap for 8/31/11
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.
Here's a day where we don't officially count the top pick because it triggered in the opening five minutes, but you should have grabbed that as is always the case with any top pick.
From the report, MAKO triggered long (without market support due to opening five minutes) and worked great:
SYMC triggered long (without market support due to opening five minutes) and worked enough for a partial:
ORCL triggered long (without market support due to opening five minutes) and worked great:
In the Messenger, Rich's BIDU triggered short (without market support due to opening five minutes) and worked:
NFLX triggered short (without market support) and worked:
AMZN triggered long (with market support) and worked:
AAPL triggered short (with market support) and worked:
Rich's CF triggered short (with market support) and worked:
Rich's CMG triggered short (with market support) and worked:
GOOG triggered short (with market support) and worked:
In total, that's 5 trades triggering with market support, all 5 of them worked, and more nice winners without market support.
Forex Calls Recap for 8/31/11
An incredibly flat session, as we can clearly see in the intraday chart of the US Dollar Index with our market directional tools:
End up with our trades triggering a few times with not much reward until the last one, which I'm carrying over as I write this. See GBPUSD below.
New calls and Chat tonight. One more day after that until the long weekend and summer starts to set behind us.
GBPUSD:
Triggered long at A and stopped. Triggered short at B and stopped. I had put the long back in before I went to bed, this triggered again at C and eventually stopped. Put the short back in in the morning, triggered at D, hit first target at E and holding the other half with a stop over LBreak:
Forex Calls Recap for 8/31/11
An incredibly flat session, as we can clearly see in the intraday chart of the US Dollar Index with our market directional tools:
End up with our trades triggering a few times with not much reward until the last one, which I'm carrying over as I write this. See GBPUSD below.
New calls and Chat tonight. One more day after that until the long weekend and summer starts to set behind us.
GBPUSD:
Triggered long at A and stopped. Triggered short at B and stopped. I had put the long back in before I went to bed, this triggered again at C and eventually stopped. Put the short back in in the morning, triggered at D, hit first target at E and holding the other half with a stop over LBreak: