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Post by huh on Feb 27, 2015 10:46:58 GMT -5
EYES, HZNP and WTW worth watching....... JMO and BOL.............. EYES and WTW no shares available to short..................that only leaves HZNP but currently no position....... JMO and BOL.......... Like so many other spikers recently (CYBR, FEYE, DIS), HZNP hard to short until it loses support now (~18.20), at least without a topping pattern. JMO
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Post by clinton on Feb 27, 2015 10:48:21 GMT -5
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Post by huh on Feb 27, 2015 10:49:53 GMT -5
Wouldn't expect any less after 2 consecutive Obama's Polls patterns. ( posted that chart only last night) And the bigger picture? H&S-RS-squeeze-to-new-highs pattern... View AttachmentAnd that's all I'm sayin'... OK, it's a good buy between 206-225. Now that's all I'm sayin'... NFLX now down ~20% from LT short call. Potential here for it to take a break & rise/consolidate some before the longer term downside targets are hit IMHO. This consolidation in NFLX took WAAAY longer than I thought it would. But it should be nearing completion here, especially if it spikes up to ~495-500. That would be the RS of a very large island H&S. I know it's a wide upside spread from here to 500, but the downside on this will be ~206/207! (puts for late this year/early next could be lottery tickets! Jan '16 210 puts trading @ 1.50)
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Post by huh on Feb 27, 2015 11:15:45 GMT -5
BBL & BOL all.
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Post by huh on Feb 27, 2015 13:05:23 GMT -5
Down ~4% since. Would expect the neckline backtest ~8.50. I'm hoping it fails there & drops for that lower gap fill. Well, if you traded this one, that's about a 13% gain at the open, and reshorting again ~8.50 with a mental stop a little above. I'm closing this call simply so that I don't keep looking at it. Will be watching for a potential long position ~6.70 or a little lower. Until then, nadda. Wow. JCP bounced all the way to the 76.4 FIB of the entire 13+% gap down. This is one crazy freakin' market - unless you're only watching the indices that is.
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Post by huh on Feb 27, 2015 13:07:05 GMT -5
USO major support 17.85 now. Lose that and it would likely get oogly. USO just now tested 17.86.
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Post by huh on Feb 27, 2015 13:23:50 GMT -5
Whadd'ya think of the chart below...bullish or bearish? And can you guess what stock it is?
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Post by clinton on Feb 27, 2015 13:26:44 GMT -5
going into safe mode here
XLF looks like it wants to tank hard
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Post by clinton on Feb 27, 2015 13:28:17 GMT -5
Whadd'ya think of the chart below...bullish or bearish? And can you guess what stock it is? looks short term bearish long term range bound
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Post by clinton on Feb 27, 2015 13:37:21 GMT -5
XLF obv looks like bots selling while holding price flat
danger danger
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Post by huh on Feb 27, 2015 13:38:29 GMT -5
looks short term bearish long term range bound I agree. Ironically you posted about XLF about the same time...the chart is BAC's. Notice the H&S on the left? Two red candles after the RS peaked, the second created on a Friday, before a good sized gap down. Same thing happening on the right H&S today. I think BAC could see a gap down and revisit the 11.50-12.30 range (the lows all the way on the left).
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Post by huh on Feb 27, 2015 13:50:06 GMT -5
Heavy Selling For Such A Small Loss [re: SPX yesterday]"...second interesting thing that struck us yesterday was the disproportionate level of volume that went into declining issues on the NYSE relative to advancing issues. Despite the fractional loss in the S&P 500 (-0.15%), declining volume was [1.97x's] as heavy as advancing volume...In the last 50 years, there have been just 21 other days in which the S&P 500 either closed higher or lost less than 0.16% on declining volume that was double advancing volume."
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Post by huh on Feb 27, 2015 14:05:49 GMT -5
About now should come the "never short a dull market" comments. I would say this market has been anything but dull. The indices may have been flat, but the underlying definitely not dull.
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Post by huh on Feb 27, 2015 14:46:47 GMT -5
I've been calling for AMZN >400. But yesterday's high filled the gap left from January of last year. If it loses 379.50 here, close enough and I give up on that one since the head test is likely complete.
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Post by huh on Feb 27, 2015 14:57:33 GMT -5
EYES, HZNP and WTW worth watching....... JMO and BOL.............. EYES and WTW no shares available to short..................that only leaves HZNP but currently no position....... JMO and BOL.......... Seems the ones worth shorting are the ones that never have shares available. Go figure.
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Post by clinton on Feb 27, 2015 16:39:39 GMT -5
as of close im 100% SAFE IN 401K NOW
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Post by clinton on Feb 27, 2015 22:39:37 GMT -5
going into safe mode here XLF looks like it wants to tank hard
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Post by huh on Feb 28, 2015 9:48:46 GMT -5
Who says the market doesn't have a sense of humor? If this small, recent topping pattern in SPX holds true to time symmetry, it would confirm on 03/06/15 - the exact 6 year anniversary of the 03/06/09 bottom. And that would mean yet another week of consolidation, almost exactly like this past week, except this time a little lower between SPX 2086-2104. So would that mean the top is in? Maybe. But maybe not. Remember all those H&S-RS-squeeze-to-new-high patterns? I'm still expecting SPX to end it's rise with one of those. VIX & VIX scams still have lower targets, AAPL a gap above & a likely higher high, and NDX a higher upside target. And SPX still may have a date with the top of the 6 year rising wedge - which would also correspond with a final test of it's top BB. The first half of March could turn out to be lots of 'fun'.
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