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Post by novie08 on Jul 27, 2015 10:06:11 GMT -5
Don't forget all the money fleeing China, Europe and even to some extent Japan.
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Post by huh on Jul 27, 2015 10:10:04 GMT -5
SPX 2075 now key resistance. If over that then it should go green (~2081).
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Post by huh on Jul 27, 2015 10:23:34 GMT -5
SPX 2078 now major resistance (then 2088.50 & 2098-2099 after that) Make that 2076-2078 for first major resistance (need to include the 76.4 FIB for today's down move) Bulls not even breaking the first resistance. Geesh Bulls need >2075 by the close now - that number is everything for more upside. 2065 is the support. BBL & BOL all
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Post by Herceg on Jul 27, 2015 11:19:53 GMT -5
SPX 2075 now key resistance. If over that then it should go green (~2081). I see 2020 area as a possibility, however it is difficult to forecast the entire mkt. as they always change things on me anyways.............. JMO and BOL.........
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Post by huh on Jul 27, 2015 11:55:22 GMT -5
Feels like groundhog day - 3 more weeks of whipsaw?
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Post by jacksrbtr on Jul 27, 2015 12:03:28 GMT -5
I have it on authority that socalled "tactically managed funds" are cashing out of their positions. These are funds who time the Market and unlike most funds are not constrained by holding positions thru thick and thin.
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Post by huh on Jul 27, 2015 12:06:33 GMT -5
I have it on authority that socalled "tactically managed funds" are cashing out of their positions. These are funds who time the Market and unlike most funds are not constrained by holding positions thru thick and thin. Oh I bet they are, and likely have been for some time already!
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Post by huh on Jul 27, 2015 12:13:52 GMT -5
Algos only toying with everyone for the last 2 hours
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Post by huh on Jul 27, 2015 13:08:39 GMT -5
Come on, squeeze it suckas - I dare ya
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Post by huh on Jul 27, 2015 13:36:55 GMT -5
I'm not even a bull yet I feel ashamed
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Post by huh on Jul 27, 2015 15:06:51 GMT -5
There's your 4.70 Huh Good call And then some. If >4.82 now gets 5.02, then probably pull back to mid 4.90's, then up to 5.40's (must hold 4.72 support now) Long MNKD at 4.77
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Post by huh on Jul 27, 2015 15:12:24 GMT -5
I tried to grab some NUGT at 3.23-3.25 when GDX traded at 13.45, but I was a couple minutes too late. 13.45 in GDX is the last FIB from the 07/24 low.
But with the way miners acted today, I don't want to chase it into AH's - and GDXJ could still see ~18.52/18.53. I'll wait & see if gold can hold that 1086-1087 range tomorrow.
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Post by huh on Jul 27, 2015 15:16:08 GMT -5
SPX/ES didn't break over resistance, but they didn't lose support either Still a chance for a squeeze
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Post by huh on Jul 27, 2015 16:08:31 GMT -5
Time to peel off one more short call (at least temporarily): ~20% gain in NQ if long from 4.20. Now a decent short set-up right here (currently @ 5.04). But solid set-up would be <4.73, target ~.55. Either way, expecting a nearly 90% decline Cover if short NQ from ~5.04 for ~32% gain. Still expecting down to ~55 cents in the long term, but should bounce for a bit now from this 3.40's range.
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Post by huh on Jul 27, 2015 16:14:45 GMT -5
AMZN up over 20% in pre-market. I know this one's obvious but do not, I repeat, DO NOT chase it up here. It's pre-market highs are testing the top of an up channel that began back in Sep '11, and is doing so on the back of multiple gaps over a previous H&S that has yet to hit it's downside target (aka final squeeze). It looks like it will gap up over the top of that channel, but I'd definitely wait until it confirms over it for a couple of days: If you shorted AMZN ~580 on this call, you're up 8.3%. I see no reason to cover, but should set a hard stop now >541.50 to lock in 6.6% gain JIC.
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Post by huh on Jul 27, 2015 16:33:52 GMT -5
There's a chance that FXI could rally from here because of the support it held today (and, yes, same chance as our market rallying from here)
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Post by walnut on Jul 27, 2015 20:50:54 GMT -5
I just cannot get over the volatility in my normal, l-t stocks. They're +1.3% one day,-1.2% the next. They're having mini squeezes all over the place after having been driven down. Market might be rolling over alright. Don't know the term, how deep etc. Definitely bears watching now (no pun intended)
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