Forex Calls Recap for 4/4/11
Here's a look at the US Dollar Index intraday with our market directional tool (very narrow session overall):
GBPUSD trade triggered, see below.
New calls and Chat tonight.
GBPUSD:
Only 70 pips of range for the session, which is horrible. Triggered long at A, came within a couple of pips of the R1 first target at B and C, so depending on where you had your order, you might have been taking out of a piece, otherwise, it eventually stopped:
Forex Calls Recap for 4/1/11
Half size ahead of NFP, and this was a good example of why. Both the long and short triggered and stopped. However, after NFP, back to full size and a nice winner to close the week and wrap the calls from March. Here's the US Dollar Index intraday with our market direction tools:
As usual on the Sunday report, we'll take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then look at the US Dollar Index.
GBPUSD:
Triggered long at A and short at B, both half size ahead of NFP, and both stopped. Triggered long at C, hit first target at D, closed final piece at the end of the chart:
Stock Picks Recap for 4/1/11
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, QLGC gapped over, no play.
ASIA triggered long (without market support due to opening five minutes) and didn't do much, triggered later and worked:
CHKP triggered long (with market support) and worked:
BRKS triggered long (without market support) and worked:
BRCM triggered short (without market support) and didn't work initially, worked later when the market rolled:
In the Messenger, Rich's BRCM triggered short (with market support) and worked:
His SLB triggered short (with market support) and didn't work:
His GS triggered long (without market support) and worked great:
AMZN triggered short (with market support) and worked great:
GOOG triggered long (with market support) and worked great:
RIMM triggered short (without market support) and did not work:
AAPL in the afternoon triggered short (with market support) and worked great:
In total, that's 6 trades triggering with market support, 5 of them worked, 1 did not. But note that the best volume day of the week gave us the best results in terms of movement by far.
Forex Calls Recap for 3/31/11
Half size ahead of NFP, and this was a good example of why. Both the long and short triggered and stopped. However, after NFP, back to full size and a nice winner to close the week and wrap the calls from March. Here's the US Dollar Index intraday with our market direction tools:
As usual on the Sunday report, we'll take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week, and then look at the US Dollar Index.
GBPUSD:
Triggered long at A and short at B, both half size ahead of NFP, and both stopped. Triggered long at C, hit first target at D, closed final piece at the end of the chart:
Stock Picks Recap for 3/31/11
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.
From the report, INCY triggered long (with market support) and worked:
FNFG triggered short (without market support) and barely had time to go ten cents, so we don't count it either way:
In the Messenger, FSLR triggered long (without market support due to opening give minutes) and worked great:
Rich's AAPL triggered long (with market support) and didn't work:
BIDU triggered long (with market support) and worked enough for a partial:
GOOG triggered long (with market support) and worked:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Tradesight Market Prevew for 3/31/11
The SP closed at a new bounce high as Q1 comes to a close adding 7 on the day. Price tested but did not exceed +1/8. Note that the pattern is now 8 days up.
Naz gapped higher, filled the gap, and then settled right at the open. Like the SP, the Naz is 8 days up. There are a large number of stocks in the same rhythm as the SP and the Naz with a very notable 1477 stocks 8 days up.
The multi sector daily chart reinforces the comments form the last report, keep a eye on the relative strength developing in the BTK.
The BTK was top dog by a wide margin exploding higher by 3%, keep an eye on the next fib target.
The XAU outperformed the broad market by 100bp, price remains above all of the major moving averages.
The BKX is still sleeping and traded in-line with the broad market.
The SOX was relatively weak, testing and rejected by the 50dma.
The OSX was the last laggard but did record a new intraday high on the move. The 100% fib extension is a very key area. Even though today was a new high, price closed below the open making a distribution day. Range high distribution days are where bull moves often begin corrections.
Oil:
Gold:
The weekly cumulative advance/decline line continues to look very healthy with implys that pull backs should be short lived.
Stock Picks Recap for 3/30/11
Pretty boring day.
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, NXPI triggered long (without market support due to opening five minutes) and didn't work. Worked later, but we'll just count the initial:
SHOO triggered long (with market support) and worked eventually:
MENT short gapped under the trigger, no play.
In the Messenger, Rich's WFC triggered short (without market support) and worked enough to fill the gap:
Rich's AMGN triggered long (with market support) and worked:
His BIIB triggered long (with market support) and didn't work:
ERTS triggered long (with market support) and didn't work:
GOOG triggered long (with market support) and didn't work:
In total, that's 5 trades triggering with market support, 2 of them worked, 3 did not.
Forex Calls Recap for 3/30/11
Here's the US Dollar Index intraday with the market directional tools:
GBPUSD, one winner after two early trigger losers and once again ended up near where we started. See below. New calls and Chat tonight.
GBPUSD:
Triggered long early at A (partial size) and stopped. Same on the short side at B. Main trade triggered at C after setting the level, hit first target at D, closed final at E in the morning:
Tradesight Market Preview for 3/30/11
The SP answered an outside day down with an outside day up gaining 14. The volume was light but will likely pick up as the rest of the week progresses. Wednesday, the ADP employment number is out before the bell then Thursday jobless claims are released and finally the monthly non-farm payroll number should force some volume into the tape by Friday.
Naz was unable to exceed yesterday’s high but did close at a 2 week high. Note that price in now back above both the 200 and 50dmas.
The multi sector daily chart shows the BTK coming on strong as is very common at this point of the advance.
The OSX was top gun breaking out to a new high and closing in on the 100% Fibonacci extension.
The BTK is close to breaking out of the consolidation range. Make sure to overweight this sector and look for long plays if the index closes above 1334.
The SOX was higher by 1%, staging just under the recent 3 day high.
The BKX eked out a small gain and continues to lag the broad market.
The broker dealer index was the last laggard on the day and remains well below the 50dma.
Oil recovered early losses and closed higher on the day;
Gold was a source of funds but left a tail:
Stock Picks Recap for 3/29/11
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, LPSN triggered long (with market support) and worked great:
In the Messenger, Rich's AAPL call triggered short (with market support) and worked enough for a partial:
His AMZN call triggered long (with market support) and worked great:
Another AMZN call triggered long (with market support) and worked:
GOOG triggered long (with market support) and did not work initially:
Rich's PCLN triggered long (with market support) and worked enough for a partial:
In total, that's 6 trades triggering with market support, 5 of them worked, and one did not which is really unique on a day where market volume was so light.