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Post by maxi on Oct 29, 2014 10:23:25 GMT -5
I feel so lonely. I'm apparently the only one who thinks we have a post-Fed pullback. Maybe not immediately, maybe not even by EOD. But likely by tomorrow. This boat is WAY too lopsided. That has been the pattern every fed so far and I agree.
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Post by huh on Oct 29, 2014 10:31:04 GMT -5
I feel so lonely. I'm apparently the only one who thinks we have a post-Fed pullback. Maybe not immediately, maybe not even by EOD. But likely by tomorrow. This boat is WAY too lopsided. In my experience, you know you're on the right trade when you feel lonely about it! LOL But in reading the ST board, I was getting the feeling that a lot of people were expecting a pullback with an end of QE. A quick pullback in AAPL to ~100 would be nice though!
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Post by huh on Oct 29, 2014 10:47:59 GMT -5
This will be me during the FOMC announcement: My only concern would be if VIX breaks over 15.85 - and especially if it were to close over that. If that happens, market will tank big. But anything up until that is only noise right now IMHO.
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Post by huh on Oct 29, 2014 10:55:47 GMT -5
Apparently SNY got some bad news this morning (CEO canned). But it's LOD was 44.50, exactly the same as the 02/07/13. Likely forming a very large topping pattern here, but even the final bounce from here could go as high as 49.50-49.75. Currently trading ~45.50 against a stop of 44.50 (might be able to even pick up at least ~1% lower than here on a FIB retrace from LOD). ~47.15 the next resistance on the way up, and it should at least consolidate there. I would sell it there & wait if only swing trading it.
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Post by maxi on Oct 29, 2014 10:59:49 GMT -5
Apparently SNY got some bad news this morning (CEO canned). But it's LOD was 44.50, exactly the same as the 02/07/13. Likely forming a very large topping pattern here, but even the final bounce from here could go as high as 49.50-49.75. Currently trading ~45.50 against a stop of 44.50. 47.12 is another resistance on the way up, and it should at least consolidate there. They canned him due to his steering SNY away from it's French base idea. Pure political BS and why it is affecting the stock is anyone's guess. He is German and something else not French. Read it was "CULTURAL" conflict!
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Post by huh on Oct 29, 2014 11:00:32 GMT -5
Apparently SNY got some bad news this morning (CEO canned). But it's LOD was 44.50, exactly the same as the 02/07/13. Likely forming a very large topping pattern here, but even the final bounce from here could go as high as 49.50-49.75. Currently trading ~45.50 against a stop of 44.50. 47.12 is another resistance on the way up, and it should at least consolidate there. They canned him due to his steering SNY away from it's French base idea. Pure political BS and why it is affecting the stock is anyone's guess. He is German and something else not French. Read it was "CULTURAL" conflict! I think we'll be seeing a lot of "cultural conflicts" over in Europe soon, especially involving Germany.
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Post by huh on Oct 29, 2014 11:12:10 GMT -5
BAC & JPM losing some important supports here. They better find some footing soon.
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Post by huh on Oct 29, 2014 11:13:04 GMT -5
BAC & JPM losing some important supports here. They better find some footing soon. ...and C. If they can, they're all very close to some major bullish breakouts.
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Post by huh on Oct 29, 2014 11:18:19 GMT -5
Anyone know anything about the stock CLUB? Huge potential bullish pattern on the daily against support ~5.97. Saw someone post about a delay in reporting earnings today and the stock being up during that delay.
Too risky perhaps to play for earnings (in case it crashes instead), but keep an eye on it.
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Post by maxi on Oct 29, 2014 11:20:45 GMT -5
Overall the indices are hardly off at all. Except for Naz and that is because of FB and related stocks. LOL I bet they are sorry they ever let FB into NASDAQ COMP!
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Post by maxi on Oct 29, 2014 11:22:17 GMT -5
LNKD reports Thursday afternoon....
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Post by huh on Oct 29, 2014 11:23:13 GMT -5
Overall the indices are hardly off at all. Except for Naz and that is because of FB and related stocks. LOL I bet they are sorry they ever let FB into NASDAQ COMP! Oh I don't know. FB is only up about 3x's since they were added.
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Post by maxi on Oct 29, 2014 11:32:38 GMT -5
Overall the indices are hardly off at all. Except for Naz and that is because of FB and related stocks. LOL I bet they are sorry they ever let FB into NASDAQ COMP! Oh I don't know. FB is only up about 3x's since they were added. LOL I was talking about today. I feel like being shortsighted like the rest of the Twittersphere. fwiw TWTR is probably a buy anyway. Like INVN which is being beaten senseless down 22% is a buy as well... I just don't have it in me to play anymore to I guess.
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Post by huh on Oct 29, 2014 11:35:09 GMT -5
INVN scares me. Until over today's HOD, potential double-top, downside target ~12. But get over that HOD and it squeezes good.
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Post by huh on Oct 29, 2014 11:39:59 GMT -5
GLD not looking as good as it should here. LOD is the stop for a long position now (117.54). Potential for some oogliness under there.
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Post by huh on Oct 29, 2014 11:57:39 GMT -5
Considering the pattern on it's daily chart, FREE should have it's stock symbol changed to FREE.
Oh, wait a minute...
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Post by huh on Oct 29, 2014 12:00:10 GMT -5
1 hour to Fed decision. Do you know where your stops are? (because the MM's do)
Muhahaha ...ha
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Post by maxi on Oct 29, 2014 12:02:40 GMT -5
Considering the pattern on it's daily chart, FREE should have it's stock symbol changed to FREE. Oh, wait a minute... Maybe symbol should be SOLD? Now FREE to any idiots that want it for their memoirs?
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Post by huh on Oct 29, 2014 12:09:48 GMT -5
Banks look as if they already dislike the Fed decision.
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Post by Herceg on Oct 29, 2014 12:11:27 GMT -5
Yellen will continue to spew the same BS as always.............although we see strength in some sectors others are still lagging from where we would like to see them. We see continued job growth, albeit there may be some adjustments due to seasonal hiring over the next few months therefore we will have a better gauge after Christmas holidays wind down. We believe inflation is still at a tame level of <2% this year and expect the same for the next several years........In closing we really have no "Fuking" idea what we are doing and we are making up shit as we go along as we really cannot tell you that we have overspent and under performed......shit happens, deal with it !!!! Now we will answer any questions that have nothing to do with Fed policy or our economy...........
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