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Post by Herceg on Feb 26, 2015 11:02:57 GMT -5
Watching CRM and AKRX........... BOL to all............ AKRX getting very tempting here...........no way in hell this does not roll over at some point............ JMO and BOL............
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Post by huh on Feb 26, 2015 11:05:42 GMT -5
SPX lost the 2107 FIB support I mentioned yesterday. Could see a 2060-2090 backtest now on this move. Something like 2106, then pop to 2111, then 2103, then pop to 2110, would set-up a complex H&S for it. But that's the best case scenario. JMO What was I thinking? SPX pullback? Pffft. Everything else maybe, but not SPX.
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Post by huh on Feb 26, 2015 11:10:19 GMT -5
Market slightly red and dollar rallying, VIX scams don't care. But they will...again. If only for a little bit. Just an FYI...I have a VXX downside target of 25.50. Not sure what happens then, but that's the minimum downside target, and would also be a new all time low.
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Post by huh on Feb 26, 2015 11:48:07 GMT -5
Check out the daily chart in NOAH - large cup'n'handle with a rounded bottom iH&S within it; both forming a larger cup'n'handle on the 2+ day chart. It's a little ways off yet, but could be a huge play if it breaks out to the upside (>25.60). Still watching NOAH. Heavy & last FIB resistance ~23.55. If it manages to close over that, the larger bullish pattern likely in play. That one wouldn't be confirmed though until over 23.65. If it does, it's a longer term buy and hold play.
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Post by crumbdon on Feb 26, 2015 11:50:16 GMT -5
SPX lost the 2107 FIB support I mentioned yesterday. Could see a 2060-2090 backtest now on this move. Something like 2106, then pop to 2111, then 2103, then pop to 2110, would set-up a complex H&S for it. But that's the best case scenario. JMO What was I thinking? SPX pullback? Pffft. Everything else maybe, but not SPX. Market clearly running out of gas, and no catalyst to move higher exists with the current economic situation. So really all that can be done is to churn, feign weakness, draw in shorts, and -well, you know the rest. We are in the late stages of churn today. Maybe a little weakness tomorrow into Mon/ Tue then POW! Squeeze higher. Been working for a couple of years now. Why change a thing??
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Post by huh on Feb 26, 2015 11:51:10 GMT -5
If you're long commodities, watch that dollar. Upside target ~97. Could drag equities down as well, unless AAPL has something to say about it - and appears it may since it broke resistance now. Support for that move is now 128.30. BBL & BOL all.
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Post by novie08 on Feb 26, 2015 12:05:59 GMT -5
Just saw that oil and esp. Natural Gas are getting crushed.
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Post by huh on Feb 26, 2015 13:18:14 GMT -5
Observation only: Social media flying (FB, TWTR) while "old tech" getting hit (IBM, INTC).
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Post by huh on Feb 26, 2015 13:20:18 GMT -5
I didn't realize thestreet.com was publicly traded (TST). Down 35% over the last year.
There's definitely some irony in that.
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Post by huh on Feb 26, 2015 13:27:41 GMT -5
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Post by huh on Feb 26, 2015 13:51:55 GMT -5
Watching CRM and AKRX........... BOL to all............ CRM's intraday pattern not looking bullish at all. And looks as if it's about to break down.
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Post by huh on Feb 26, 2015 13:54:11 GMT -5
RIG up better than 3%in pre-market after earnings. I'd be careful of that one until over the 16.81-17.00 range. That's the gap fill & previously failed FIB backtest. Also, Sister's still bullish on this one. Hopefully somebody shorted that. Next downside target ~15.55. But eventually, much, much lower.
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Post by huh on Feb 26, 2015 14:33:22 GMT -5
Looks like a deja vu of yesterday - except this time the dollar's broken out.
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Post by huh on Feb 26, 2015 14:42:25 GMT -5
Don't worry about all those tall red bars appearing everywhere. 'You didn't see anything...'
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Post by Herceg on Feb 26, 2015 14:49:14 GMT -5
Watching CRM and AKRX........... BOL to all............ AKRX getting very tempting here...........no way in hell this does not roll over at some point............ JMO and BOL............ Keeps going up............have small short position but cannot believe what I am seeing..........May have to avg in but will probably just sit and see what develops today and possibly tomorrow..........PE = 276...............seems reasonable......... JMO and BOL................
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Post by Herceg on Feb 26, 2015 14:50:26 GMT -5
I didn't realize thestreet.com was publicly traded (TST). Down 35% over the last year. There's definitely some irony in that. I believe Cramer is involved in that.............go figure.............
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Post by huh on Feb 26, 2015 14:55:22 GMT -5
Looks like SPX may want 2098, but I'm not holding my breath (this time).
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Post by novie08 on Feb 26, 2015 14:55:48 GMT -5
He musta yelled BUY, BUY, BUY while shorting the heck out of it.
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Post by huh on Feb 26, 2015 14:58:14 GMT -5
GLD forming a POTUS.
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Post by huh on Feb 26, 2015 15:00:46 GMT -5
SPX started this most recent downtrend at 2:03. Oil started rallying at 2:17.
SEEE-SAAAW
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