Forex Calls Recap for 5/13/11
Nice 100-pip winner to close out the week. See EURUSD below.
Here's the US Dollar index intraday with market directional tools:
As usual on the Sunday report, we'll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (9-bar counts on EURUSD and GBPUSD) and then the US Dollar Index.
New calls and Levels Sunday afternoon, none of our big data next week. Options expire next Friday.
EURUSD:
Should have been half size ahead of the CPI, which triggered at A very early yesterday and stopped. In the morning, told everyone both trades were valid again after CPI, triggered short at B, hit first target at C, and closed final piece at D for 100 pips:
The rest of the report is available only to subscribers.
Forex Calls Recap for 5/13/11
Nice 100-pip winner to close out the week. See EURUSD below.
Here's the US Dollar index intraday with market directional tools:
As usual on the Sunday report, we'll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (9-bar counts on EURUSD and GBPUSD) and then the US Dollar Index.
New calls and Levels Sunday afternoon, none of our big data next week. Options expire next Friday.
EURUSD:
Should have been half size ahead of the CPI, which triggered at A very early yesterday and stopped. In the morning, told everyone both trades were valid again after CPI, triggered short at B, hit first target at C, and closed final piece at D for 100 pips:
The rest of the report is available only to subscribers.
Stock Picks Recap for 5/12/11
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, LKQX triggered long (with market support) and worked:
DNDN triggered short (without market support due to opening five minutes) and worked enough for a partial if you took any:
PTEN triggered short (without market support due to opening five minutes) and worked enough for a partial if you took any:
SOHU triggered short (with market support) and worked:
In the Messenger, NFLX triggered long (with market support) and didn't work (initially, though it went again later):
Rich's TZOO triggered long (without market support) and didn't work:
AMZN triggered long (with market support) and worked:
Rich's AAPL triggered short (with market support) and didn't work:
NVDA triggered long (with market support) late in the session and didn't have time to do anything, although it was working, but we won't count it:
Rich's VMW triggered long (with market support) and worked great:
GOOG triggered long (with market support) and didn't work:
EBAY triggered long (with market support) and worked:
My favorite pick of the day was the cup and handle breakout on COST, which triggered long (with market support) and worked:
Rich's SOHU triggered short (without market support) and worked great:
In total, that's 9 trades triggering with market support, 6 of them worked, 3 did not.
Forex Calls Recap for 5/12/11
More winners as the EURUSD trade from the prior session closed out in the money and the GBPUSD triggered short and worked. See below.
Here's the US Dollar Index intraday with our market directional tool:
New calls and Chat tonight, but CPI in the morning is one of our big three, so half size.
EURUSD:
Stopped out of final piece at A for a nice winner, you could have also lowered the stop several times overnight if you wished:
GBPUSD:
Triggered short at A, hit first target at B, stopped final piece at C in the morning:
Stock Picks Recap for 5/11/11
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.
Market direction was red basically the whole day. It's a strange session because Rich was so sure about the breakdown that he posted a ton of trades before the open that worked, but they triggered in the opening five minutes.
Off the report, MYGN triggered long (without market support) and didn't work:
SOLR triggered long (without market support) and didn't work:
LIFE triggered long (without market support) and didn't work:
In the Messenger, Rich's FCX triggered short (without market support due to opening five minutes) and worked:
His RIG triggered short (without market support due to opening five minutes) and worked:
His AGU triggered short (without market support due to opening five minutes) and worked:
His KLAC triggered short (without market support due to opening five minutes) and worked enough for a partial:
AMZN triggered long (without market support) and worked:
BIDU triggered short (with market support) and worked:
Rich's RVBD triggered long (with market support) and worked if you got any:
Rich's SLW triggered short (with market support) and didn't work:
In total, that's 3 trades triggering with market support, 2 of them worked, 1 did not.
Tradesight Market Preview for 5/12/11
The SP lost 15 on the day and settled below the 10ema. The next key area of support is the static trend line at 1325.
Naz lost 16 on the day, using the 8/8 Gann level as support intraday. Be sure to set an alarm for a break under 1374 which would be a fresh 3 day low. The price action remains lateral and will be key pivot when price leaves the range.
The put/call ratio recovered but extremely low close recorded yesterday led the Tradesight Analysts to get aggressively short on Wednesday.
Multi sector daily chart shows the money rushing out of the gold stocks.
The SOX was the top performing Naz sector which isn’t saying much since it was down 1%. Price is still using the 50dma for support.
The BTK closed almost exactly at yesterday’s low but above the 10ema. The 8/8 level remains the active resistance level.
The BKX is still contained below the 50dma and active DTL. The April lows and 200dma are the next area of support.
The OSX was a huge loser on the session, down a full 3%. Key support is just under 260 which is the low of the move to date. Retracement fibs have been added which highlights the importance of the 250 area if price continues to break.
The XAU got completely destroyed, losing 4% and almost making a new low close for the year. Set an alarm for a break under 194.60 which is the YTD low. Note that price is now in the Gann oversold area and should have strong support at -2/8.
On the strength of the $US gold got knocked back down to 1500.
Oil posted another limit down day, settling just above the 62% fib.
Forex Calls Recap for 5/11/11
Half-sized night ahead of Trade Balance. Carrying a winner forward on the EURUSD short. Here's the US Dollar Index intraday with market directional:
Back to normal size for one session, then back to half size ahead of CPI Friday.
New calls and Chat tonight.
EURUSD:
Swept the long trigger at A by 2 pips, so probably swept you into a piece of your trade if you staggered your entries properly, and that stopped. Triggered short at B, did not stop, hit first target at C and carrying the second half with a stop over S1:
Tradesight Market Preveiw for 5/11/11
The SP is maintaining trade above the February high. Today the futures were higher by 11 which recorded a price flip (green labeled 1 over the candle).
Naz was higher by 22 settling right at the high close to date. One could argue that the February to present price action is tracing out a cup and handle.
Multi sector daily chart continues to show the excellent strength in the biotech issues.
The 10-day Trin remains neutral, neither over bought, nor oversold.
The put/call ratio took a very notable dive which is almost always leads to equity price weakness in the next session or two.
The Dow Transports closed at a new high on the move, finishing top gun on the day.
The OSX was stronger than the broad market, closing back above the March lows.
The BKX was strong but remains trapped below the 50dma and active DTL.
The SOX posted a narrow range day and ultimately bearishly underperformed the Naz.
The BTK made a new high on the move, closing right at the 8/8 Gann level.
The XAU remains weak, gaming the 200dma--nothing new technically until it reclaims the 10ema or loses the 200dma.
Oil continues its bounce and should find first resistance around 106 at the moving averages.
Gold was higher on the day, extending the bounce.
Tradesight Market Preveiw for 5/11/11
The SP is maintaining trade above the February high. Today the futures were higher by 11 which recorded a price flip (green labeled 1 over the candle).
Naz was higher by 22 settling right at the high close to date. One could argue that the February to present price action is tracing out a cup and handle.
Multi sector daily chart continues to show the excellent strength in the biotech issues.
The 10-day Trin remains neutral, neither over bought, nor oversold.
The put/call ratio took a very notable dive which is almost always leads to equity price weakness in the next session or two.
The Dow Transports closed at a new high on the move, finishing top gun on the day.
The OSX was stronger than the broad market, closing back above the March lows.
The BKX was strong but remains trapped below the 50dma and active DTL.
The SOX posted a narrow range day and ultimately bearishly underperformed the Naz.
The BTK made a new high on the move, closing right at the 8/8 Gann level.
The XAU remains weak, gaming the 200dma--nothing new technically until it reclaims the 10ema or loses the 200dma.
Oil continues its bounce and should find first resistance around 106 at the moving averages.
Gold was higher on the day, extending the bounce.
Stock Picks Recap for 5/10/11
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.
This was the most trades that we've had trigger with market support (9) in a long time.
From the report, ILMN triggered long (with market support) and worked:
TSLA triggered long (with market support) and didn't work:
TNDM triggered long (with market support) and worked:
SIMO triggered long (without market support due to opening five minutes) and worked enough for a partial but doubtful anyone got any:
In the Messenger, Rich's AAPL triggered short (without market support) and worked enough for a partial:
His NFLX triggered long (with market support) and worked:
GOOG triggered long (with market support) and worked:
GS triggered long (with market support) and worked great:
Rich's PANL triggered short (without market support) and worked:
His APC triggered long (with market support) and worked:
COST triggered long (with market support) and worked:
AMZN triggered long (with market support) and didn't work:
In total, that's 9 trades triggering with market support, 7 of them worked, 2 did not.