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Post by Herceg on May 12, 2015 9:13:19 GMT -5
RAX and NLNK moving for those looking for a possible play..........
JMO and BOL.............
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Post by huh on May 12, 2015 9:13:54 GMT -5
Oops, NOAH already higher than my target with a gapping move
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Post by huh on May 12, 2015 9:16:15 GMT -5
RAX and NLNK moving for those looking for a possible play.......... JMO and BOL............. RAX is almost done IMO. Downside target in the 16's. But first, some gap fillin' & FIBbin' on today's down move.
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Post by huh on May 12, 2015 9:27:25 GMT -5
RAX downside target ~16. That's 65% down from where it is now.
It's current pe ratio is 60.
Take away 65% from the current pe and you get 21. That's a normal pe ratio, and that's assuming no change in earnings.
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Post by huh on May 12, 2015 9:38:42 GMT -5
IWM breaking intraday FIB resistance and confirming higher. I think it and the indices go green today.
Decay, decay, decay
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Post by crumbdon on May 12, 2015 9:46:53 GMT -5
Grabbed 200 spxl at 90.90 Up 1.80 already Hope this run lasts 2 or 3 days.
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Post by huh on May 12, 2015 9:47:19 GMT -5
AAPL filled a downside gap IWM filled a downside gap SPX filled a downside gap XLF filled a downside gap VIX scams have now filled their upside gaps That was the pivot IWM @ 124 is where things get really interesting now (or actually a little later than that since the indices are trailing IWM)
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Post by crumbdon on May 12, 2015 9:49:51 GMT -5
This SPY 210 mark right here will be the test, IMO. Clear it with authority and we should be nice and green today.
How many times have we crossed this place in the last few weeks, lol?
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Post by huh on May 12, 2015 9:52:55 GMT -5
ES 2090 support, 2096 resistance. Break either way determines next big move IMO (relatively speaking)
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Post by huh on May 12, 2015 9:57:27 GMT -5
IWM could see as high as 127.50 if it breaks over the 124.00-124.10 resistance area (127.50 would be a H&S head test)
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Post by crumbdon on May 12, 2015 10:06:49 GMT -5
SPY new HOD
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Post by crumbdon on May 12, 2015 10:10:13 GMT -5
I'll bet we chunk around this SPY 210 for awhile today
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Post by huh on May 12, 2015 10:18:36 GMT -5
Everything pulling back from the 76.4 retracement from the highs of the last few minutes yesterday. Typical fake out spot.
But I bet these turn into bullish patterns and rally (could lose that ES 2090 support for a bit in the process).
JMO
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Post by huh on May 12, 2015 10:35:45 GMT -5
Come on AAPL, "Save us"
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Post by huh on May 12, 2015 10:43:14 GMT -5
...IWM says market up, VIX scams say market down, Naz says market up, ES says market down... Had I remembered it was monthly OPEX, then I would have remembered that the correct answer to the puzzle was "All of the above"
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Post by huh on May 12, 2015 11:09:59 GMT -5
Lots of weakness here. I expected either straight down, then straight up, or straight up. Apparently oil and the market can't rise together.
I give up. Time for some yard work, or a nap, or both.
BOL all
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Post by novie08 on May 12, 2015 11:13:22 GMT -5
Yes, that (Opex) may be the explanation for the sudden 60-pt. dive on the Dow. But am very concerned about the credit markets action on Wed.night/Thurs. morning which I just learned about.
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Post by huh on May 12, 2015 11:22:35 GMT -5
Have to let MM's take advantage of their "401K Day"
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Post by huh on May 12, 2015 11:39:39 GMT -5
KNDI tagged support with that LOD. Should bounce one more time. Next time it loses today's low, downside target is low to mid 5's. (currently @ 10.60)
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Post by crumbdon on May 12, 2015 11:47:48 GMT -5
Lots of weakness here. I expected either straight down, then straight up, or straight up. Apparently oil and the market can't rise together. I give up. Time for some yard work, or a nap, or both. BOL all Wouldn't we expect this action during this phase of the market (individual names sold/distributed as indices magically climb in defiance)? Isn't that the MM Escape Clause? I expect this 210 boogie to last all the way until the final hour.
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