Forex Calls Recap for 2/11/11
Winner that triggered early ahead of the Trade Balance number, so quarter size for me, but it worked great. See GBPUSD below.
As usual, we'll look at the action from Thursday night/Friday, then look at the daily charts heading into the new week (see GBPJPY); 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 look at the US Dollar Index.
EURUSD:
GBPUSD:
Triggered short early at A, hit first target at B or C depending on exactly what number you used, went lower, lowered stop in the morning, stopped out of the last piece at D for a nice winner:
Stock Calls Recap from 2/10/11
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, DCTH gapped over the trigger, no play.
ALXN triggered long (with market support) and worked great:
In the Messenger, GOOG triggered short (without market support) and didn't work:
Rich's RIG triggered long (with market support) and worked enough for a partial, worked better later in the day too:
Rich's AKAM triggered long (with market support) and worked enough for a partial:
Rich's AAPL triggered short (without market support) and worked HUGE:
AMZN triggered short (without market support) and didn't work:
In total, that's 3 trades triggering with market support, all 3 of them worked.
Forex Calls Recap for 2/10/11
Couple of nice calls. See EURUSD Value Area below and GBPUSD below. New calls tonight, but Trade Balance in the morning is one of our big three each month, so half size.
EURUSD:
Value Area that we focused on triggered short at A and moved to the VAL target at B:
GBPUSD:
Triggered long very early (so half size) at A and stopped. Triggered short at B, hit first target at C, adjusted stop in the morning and stopped final half at D. Triggered long at E, hit first target at F unless you really tucked it up there, and should have closed final piece at G:
Stock Picks Recap for 2/9/11
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.
PSSI triggered long (with market support) and did not work:
In the Messenger, Rich's AGU triggered long (without market support due to opening five minutes) and didn't work:
His GS triggered short (without market support) and didn't work:
NFLX triggered long (with market support) and worked:
RIMM triggered long (with market support) and did not work:
GOOG triggered short (with market support) and worked for a couple of points:
FSLR triggered short (with market support) and worked for a couple of points:
In total, that's 5 trades triggering with market support, 3 of them worked, 2 did not.
Tradesight Market Preview for 2/10/11
The SP was lower on the day by 3 managing to settle above the open. This is a small win for the bulls that they need to build on.
Naz hit a new intraday high but settled about even on the day. The Seeker exhaustion countdown is now 12 days up.
Multi sector daily chart:
Checking in on the put/call ratio shows that there is nothing extreme happening but note that the downward bias of the chart has reversed to an upward bias.
The 10-day NYSE Trin is below the 1.0 base line but above the 0.85 overbought threshold.
The OSX continues to handily outperform the underlying crude futures which is generally bullish for the oil futures.
The SOX has begun to underperform the broader NDX100. If this condition persists it will be bearish for the NDX.
The XAU continues to underperform the gold futures which is bearish for gold.
The Seeker exhaustion signal is still on deck in the SOX index. Keep a close eye on the setup phase that is in progress. If the setup completes the minimum 9 bar run before the 13th countdown candle prints it will recycle the current exhaustion countdown.
S
The BTK underperformed both Naz and the broad market. Key support is just below at the range low and 50dma (green).
The BKX posted a wide ranging day, keeping the Seeker sell signal alive.
Oil:
Gold:
Stock Picks Recap for 2/8/11
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, IACI triggered long (with market support) and worked:
XIDE gapped way over the trigger, no play.
ZION triggered long (with market support) and didn't work:
CEDC triggered short (with market support) and didn't work:
In the Messenger, Rich's JOYG triggered short (with market support) and worked for over a point:
FSLR triggered long (with market support) and worked enough:
Rich's CAT triggered short (without market support) and didn't work:
GOOG triggered long (with market support) and worked:
In total, that's 6 trades triggering with market support, 4 of them worked, 2 did not.
Tradesight Market Preview for 2/9/11
The SP was higher on the day, adding 6 more points to the rally in progress.
Naz was higher by 17, topping yesterday’s high and closing above it. The pattern is now 11 days up.
Multi sector daily chart:
The 10-day NYSE Trin is neither over bought nor over sold at 1.00.
The XAU was top gun, +2% on the day. Keep an eye on the 50dma for a trade-to-target on the bounce.
The BKX broke and settled above the 76% relative fib.
The BTK was flat on the day, with no new technical features.
The SOX was lower on the day, underperforming Naz. Note that the Seeker 13 exhaustion signal is still on deck but has not been recorded.
Former leader OSX was the last laggard on the day. If this sector breaks, the market will need new leadership.
Oil was lower on the day but found intraday support just above the YTD low.
Gold was higher on the day which puts the 50dma in play.
Stock Picks Recap for 2/7/11
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.
CROX triggered long (with market support) and worked enough for a partial:
In the Messenger, RIMM triggered short (without market support) and didn't work:
BIDU triggered long (with market support) and worked:
Rich's JPM triggered long (with market support) and worked:
FSLR triggered long (with market support) and worked:
AMZN triggered long (with market support) and didn't work:
AMGN triggered short (without market support) and held in the money the whole time, but only by about ten cents before the close:
In total, that's 5 trades triggering with market support, 4 of them worked, only 1 did not.
Forex Calls Recap for 2/7/11
Early trigger and winner in the GBPUSD, and then things settled back to even and went nowhere.
New calls and Chat tonight.
EURUSD:
GBPUSD:
Triggered long early at A (half size); 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 hit first target at B, raised stop and stopped second half at C:
Tradesight Market Preview for 2/8/11
The ES settled higher on the day by 8 handles. The Seeker exhaustion signal is now disqualified in the daily time frame.
Naz gained 7 on the day and left a tall wick on the Monday’s candle.
The financials have become the leader in the multi sector daily chart:
The weekly chart of the NYSE cumulative A/D is showing signs of fatigue. This is a leading indicator and needs to be monitored very closely. The SP500 recorded a new weekly high but there was no new high registered by the cumulative A/D measurement. There is a potential lower high on the A/D line which will become a “qualified” lower high if the recent low is broken on a weekly closing basis (lower red line). If this happens tighten stops on all longs and be prepared to get proactive on the short side of the tape.
The BKX was top gun on the day, making a new high and new high close on the move. The Seeker exhaustion signal is still active until the risk level is violated.
The OSX tagged but settled below the measured move target. The tall tail on the candle might be signaling that some corrective action is needed. The pattern is now 9 days up.
The SOX also hit its measured move target. The pattern is 12 days up in the Seeker exhaustion countdown.
The XAU underperformed the market, settling near the low of the day.
The BTK was the last laggard, down 8 on the day.
Oil was lower on the day and is actually not that far off the YTD low.
Gold gammed the lower breakdown level, slightly lower on the day.
