Tuesday, May 31, 2011

Forex Trading Analysis for Wednesday, June 1st, 2011

Management of the Stock Market Trading Watch List for the Week of May 30...

GS


Goldman with a doji right at the 20 EMA

tiny

S&P video for Wednesday, June 1st, 2011

Moving to a retest of highs

Breadth kept me sane today, although I'm still pissed I missed the wide open fade this AM

tiny

DMND how you tease me!

Was looking so good, there was even an outside chance of getting half off....and then?

tiny

Didnt get the gap fill

Support from overnight held like a champ, and so far, we have retraced 50% of the days range.

Momentum is starting to dry up here, but breadth is still ok at just under +1200

Nothing signaling a short here, yet. Still a while to go in the day.

tiny

Watch List management

DMND stops are now breakeven as per the video management

tiny

Move into lunch

well we got some movement into lunch, as we hit new lows on the session

Still have the gap to fill, which I still think happens.

breadth is still +1k so tough to be bearish here, but price action doesn't lie and it looks weak

tiny

Lame price action

We are currently experiencing some very lame price action. The market appears to just be sitting there, not getting any real movement.

I had to whack the monitor a few times to see if it was stuck. OK, I didn't actually whack the monitor, but you get the idea.

I still think we have a chance for that gap fill,even with the ok A-D line. We just don't seem to want to get a lift at all here.

We should see some movement into lunch.

tiny

Watch list Update, part 3

DMND has fired off to the short side

tiny

Aggravated!

Fade working nicely and hit the first target, but I missed it, waiting for a more specific entry

Still a bit until we see the gap fill, so there may be some more opportunity here on a retracement

I'm aggravated because I ignored the obvious, which was a post holiday gap, which are usually nice fades

This means that I will have to take the next trade with reduced size as per my rules.

tiny

Overnight highs

Overnight highs stuffed the upside for the time being, I was 1.5 points shy of an entry

Still plenty of day left, breadth is good early on

volume cannot be compared to Friday as it was pre holiday

tiny

watch list updates

COG is also canceled as per the video rules

tiny

Resistance

1345.50 basis the S&P Futures

I may look to short there with a half size trade and a 3 point stop

tiny

Watch list Updates Tuesday, May 31st

Canceled:

AMZN
NFLX

Both traded above the stops before they triggered

tiny

9AM update

As always, anything that opens below or above the trigger OR trades to the stop before the trigger is canceled

tiny

Thursday, May 26, 2011

Forex Trading Analysis for Friday, May 27th, 2011

S&P 500 video for Friday, May 27th, 2011

Even More Management of the Stock Trading Watch List for the Week of May...

1327.50 holding steady

1327.50 still the highs here, but we didn't get a big retracement. Watching to see if they want to lift us into the last 20 of the NY session

tiny

RIMM

Stops are now breakeven as per the 9AM update

tiny

Volume

On the lightest pace of the week

tiny

Market look

1312.50 double bototmed, and breadth has turned to positive.

1327.50 is now reistance up top

tiny

1312 back in play

1312 is back in play as a downside line in the sand. below that stil looking for yesterday's lows but the market is whipping like a carnival ride

tiny

Euro

Serious rejection of that 62% Retracement mentioned earlier

tiny

came short of 1312

Only made it to 1312.50, and now we are on the bounce

1317.75 is short term resistance basis the S&P futures

tiny

GLD selling off

Rules are rules, but still sucks as its approaching it's first target

More on this later, as I received a comment on it

tiny

1312

Line in the sand. If that doesn't hold, a retest of yesterday's lows is expected

tiny

breadth

It's still a bit early, but the breadth reading is negative

This will have to change if we are going to put our rally hats on

tiny

GLD

Opened below the trigger

As per the rules, the trade is canceled

tiny

Small gap

I wont be looking for a fade right away, but a push down that diverges with this last low may set up a good buying op

tiny

NZD/CAD


A very technical term for that one: WOW

Resistance is now the November 2010 high at 7991

tiny

9:10 update

Sorry aboutt that, my charts froze and needed a restart

Remember the rules for the stock triggers. An open below the trigger or trade to the stop before the trigger cancels the trades

RIMM- Move stops to entry on trade to 43.60 if it gets there. This one is not acting that great, can't even get a litle reaction bounce off those tests of lows

tiny

9:05 update

EURUSD hit the 62% Fib and stalled. Wtach smaller time frames for consolidations

check back again at 9:10 (sorry

tiny

9AM update for Thursday, may 26th

Check back at 9:05

tiny

Wednesday, May 25, 2011

Forex Trading Analysis for Thursday, May 26th, 2011

Continued Management of the Stock Trading Watch List for the Week of May...

S&P video for Thrusday, May 26th, 2011

1327

1327 fills the gap form Monday basis the S&P futures, but we don't look like we have enough umph in us today to there.

tiny

Wtach List update

TZOO stopped us out, DDKS Stopped outt he second half brealkeven, those two wash each other out

RIMM not doing much. Get off yer bottom!

tiny

Watch list update

RIMM came .01 from firing off

TZOO: You suck, you really do! Why dd you have to fire off short instead of holding steady and firing long later like you did?

Sorry, my emotions runneth over

tiny

TZOO gone

As soon as I posted the last entry, it popped up to stop out

1/2 unit saves the day, but still sucks

Let's see if DKS can re-die (is that even a word?) and get us proifable for the week

tiny

TZOO

TZOO appears to be headed right for the stop out. DKS will offset that loss even if it stops the second half breakeven

tiny

1310

1310 is the line in the sand. beore that adn a test of lows is "suggested" but its not that big of a move anyway, so far we have a narrow range on the session.

tiny

R.I.P Mark Haines

http://www.cnbc.com/id/43167028

And more watch list updates!

MAKO is canceled it hit the stop before the entry

TZOO looks like crap for now

DKS forming a hammer, but the video secured half off on that one already

RIMM nothing yet, but it's winding up for something

tiny

Above here

Watch 1316.75 for resistance, basis the S&P futures

tiny

Into resistance

The gap faded, but we are up againt reistance here and breadth is flat

Let's see if the bulls can pull it together here, or we could be headed for a retest down

tiny

Watch list update

DKS got the 1/2 off +1 point (Just over 1/2 unit), which is good because TZOO is ugly!

RIMM may not be ready yet

tiny

Watch list

DKS stops are now breakeven

TZOO fired off to the short side

These ar just updates from the video, nothing new

tiny

Tuesday, May 24, 2011

Forex Trading Analysis for Wednesday, May 25th, 2011

Be sure to check back at 9AM Eastern

9AM update in case something changes with the triggers

tiny

S&P 500 video for Wednesday, May 25th, 2011

Management of the Stock Trading Watch List for the Week of May 23rd, 2011



Those 3 claps you hear while Im doing TZOO is how I edit, but my kids were bugging me to death for ice cream, so I didn't edit them out!

tiny

Next resistance

Above 1318.50 targets 1320.25, basis the S&P Futures

tiny

Watching yesterday's lows

Yesterday's lows are now the downside support, and as I discussed in my video last night, I'm watching to see what we do when we get there. Do we hold, break, and if we do break, do we remount the lows after a dip down "trap" move?

tiny

10AM numbers

New Home Sales and Richmond Manufacturing Index

tiny

Trying to push here

Looking to push to overnight highs here, but may not get there just yet

tiny

Stock Watch List

Nothing opened outside the parameters, therefore all entries remain valid

tiny

Gap

Not a big one like yesterday, but big enoug hot qualify as one to watch for a fade today

I would like to see us test overnight highs, but we may not before a fade steps in

tiny

S&P 500 video for Tuesday, May 24th, 2011

Monday, May 23, 2011

Silver


Coiled and ready to move

Which direction? exactly!

tiny

Forex Trading Analysis for Tuesday, May 24th, 2011

A New Stock Trading Watch List for the Week of May 23rd, 2011

5 minute cup and handle

May be forming on LNKD here

tiny

To the tick

S&P futures held the support point mentioned to the tick. Amazing!

Even more amazing? I have been gone since lunch and didn't make a trade off that level!

Whopeeeeeeeeeee

tiny

measuring the bounce

Let's see how far we can bounce here. breadth is still pretty nasty, and the VIX is currently up 7.4% but off it's highs...

Im leaving the screen for a few hours. Any messages and emails will have to wait until after 2 for a response! Thanks!

tiny

Support levels to watch

1310.75, 1308.75 (Fibonacci external retracements of the day's range)

Basis the S&P 500 Futures

tiny

And new lows it is

Market cant get out of its own way. Looking for a low into/around lunch, but I have no idea if it will be "the" low, or just one for a bounce

tiny

Market

Internals are putrid, and we can't get anything going to the upside

More choppy than anything, but if we don't break higher soon, we have a good chance of new lows

tiny

GS

Goldman showing good relative strength

tiny

RENN and LNKD

Double ouchies for those following the super guru hypesters!

tiny

1318

Holding strong for now basis the S&P futures

'Breadth is still horrible after 90 minutes

tiny

To fade or not to fade

We are looking like we want to fade here and now, but how far we get with the early breadth is the question

First target is 1318 (basis the S&P futures) if we can put something together

tiny

It's early....

But breatdh is HIDEOUS here

tiny

watch List

ALOG is canceled
CRR Is canceled
JJSF is canceled
JBLU is canceled
SINA is canceled

gee that was fun!

tiny

And through it

Through support to start the day, S&P futures headed for overnight lows at 1312.25, tagging them now

tiny

SPY Support

Here is the ABC I've been referencing over the past few weeks. Target is 131.95

http://chart.ly/kqnwaah

tiny

Nice gap down

Friday's gap down did not fade, so I'll be watching at least the first 5 minutes on this one for a gap fade entry opportunity

tiny

9AM update- the 5 minutes late version

Forex-

EURUSD Hit the support point almost to the tick. No reversal candle yet there, but watch the smaller time frames (60, 120, 180 minute charts) for a consolidation to setup if you are looking to trade this. No official entries on it, but Ill be making some comments

Stocks-

FOR LONGS: If we open above a long entry or below the stop level given, the trade is canceled. FOR SHORTS: If we open below a short entry, or above the stop level given, the trade is canceled

Those rules are in effects at all times for those that are new

Have a great Monday, and check back here for updates, but NEVER any changes form the video

Michael tiny Saul

9AM update for Monday

Will be delayed a few minutes, but sould be upp by 9:05 AM!

tiny

Saturday, May 21, 2011

S&P Video for Monday, May 23rd, 2011

Stock Trading Watch List for the Week of May 23rd, 2011

PWRD


Another one that can't make the watch list due to low volume

tiny

Oversold and unloved


Could get a rubber band like bounce as its pretty stretched here, but momentum is clearly to the downside, although it is starting to fade. Resistance is at 17.20-18.50, which is a prety wide zone.

tiny

Another one that missed the list


Volume is on the LIGHT side, so be warned.

tiny

Just in case the world ends today

Its been nice knowing everyone.

tiny

Another one to watch


This would have made the "official" watch list if it was into the moving averages. Since it got filtered out because of that, I decided to put it up here as an alternate.

tiny

GFA


Found this one whilst doing my scans for the week. Flaling wedge. See if it can get a bounce here. 20EMA is the first target.

Michael tiny Saul

tinymjs at gmail dot com

Friday, May 20, 2011

back

Ok, I underestimated how good that low was going to be. we just hit overnight resistance basis the S&P Futures, so watching this pullback here for support, or do we retest the lows?

tiny

Into resistance

Now we see what the bulls can do from here

tiny

We may not get very far

We got the push down I was looking for, and we diverged at the new low, but we may not get very far here.

Breadth is the boot on the market's neck once again.

Down volume is dwarfing up volume. Overall volume is higher, but its OE day, so that's expected.

tiny

Getting the push down

See if this sets up a bounce here

We are stretched, but breadth is -1600s

tiny

Looking for one more test down

May not get it, but if we do, it should set up a bounce opportunity

tiny

Where I get 1331.75 from


tiny

1331.75

No gap fade, and we are rolling over here.

1331.75 is support, basis the S&P Futures

tiny

Thursday, May 19, 2011

Forex Trading Analysis for Friday, May 20th, 2011

S&P video for Friday, May 20th, 2011

Linkden (LNKD) Analysis for Friday, May 20th, 2011

Final Management Of the Stock Trading Watch List For The Week Of May 16t...

ooooooooo LNKD


Hope no one got pushed into buying that pullback at 105 or 100.

OUCHIE! Easy come, easy go!

tiny

MOS

It's a good thing I put MOS on just the watch list instead of setting up a trigger on it.

Wouldn't want to have another winner for the video watch list or anything, right?

By the way, in case you can't tell, that was a bout of sarcasm!

RRRRRRRRRRRRG!

tiny

Downside volume

Downside volume just took the lead over upside volume, but overall price action is just a chopfest here

Everyone must be trading LNKD. Hope no one bought in the 120s....ouch!

tiny

Volume today


Looks like up and down volume are neck and neck while overall volume is higher.

tiny

LNKD!

Whats the old saying? Even a broken hypester is right twice a dy!

LOL

Wednesday, May 18, 2011

Forex Trading Analysis for Thursday, May 19th, 2011

Even More Management Of The Stock Trading Watch List For the Week Of May...

S&P video for May 19th, 2011



Volume was light, but price action was bullish

tiny

Caution here


Momentum has rolled over. If breadth wasn't so strong, I'd be watching for a short in here, but since it IS still strong, I'll pass for now

Possible deformed head and shoudlers pattern here


tiny

My idol

http://www.yolohealthrevolution.com/2011/05/does-25000-big-macs-make-you-unhealthy/?utm_source=email_marketing_system&utm_medium=email&utm_content=13950115&utm_campaign=Does%2025%2C000%20Big%20Macs%20Make%20You%20Unhealthy%3F

volume


Overall volume is on the light side (right hand chart) while up volume has a good lead on down volume.

The purple line on the volume chart is showing where we were at this time (approximately) yesterday

tiny

Tuesday, May 17, 2011

S&P video for Wednesday, May 18th, 2011

Forex Trading Analysis for Wednesday, May 18th, 2011

twitter is back!

Follow the stream throughout the day

tiny

www.twitter.com/@tinyreal

More Management of The Stock Trading Watch List For the Week Of May 16th...

DELL

Looks like DELL beat EPS but missed revenues

http://blogs.wsj.com/marketbeat/2011/05/17/dell-earnings-top-estimates-revenue-misses/?mod=yahoo_hs

The GOOG, part 2

Hit the bear flag target plus a little bonus, and having a nice reversal day today.

Bullish engulfing pattern if it sticks

tiny

Watch List Management

ROST got half off +1.30 as per the video. It came .02 from stopping out earlier.

I am going to adress some things in tonights video regarding the watch list

tiny

Resistance

Resistance is right here at 1226 basis the S&P Futures. Above this level suggests a retest of highs at a minimum, with a target of 132 above that. If this level holds, we could be in for a retest of the lows

tiny

1321 gave way

And led us to the 127% Fib target at 1316.50

Since then, we've got a bounce back to above that level. breadth is still crappy at -1k

Turnaround Tuesday in effect? Maybe, but the A-D line will have to improve before I believe it

tiny

Yes, it can also be called AB=CD

Someone asked me if A=C is the same as AB=CD. That's what I meant it as, the A wave equaling the C wave.

As a matter of fact, it's probably called AB=CD more often

tiny

A=C move, support


Here's a chart

We exceeded the "perfect" symmetry by a few ticks.

1321 is still support

tiny

1327.50 resistance

We are churning there, as the bulls are trying to build up some steam to get through

We just broke through here, but not by much

It's important to watch the $TICK here as the A=C pattern completes

tiny

A=C

S&P Futures are finishing up an A=C pattern here, whih coudl eald to a pullback

breadth is still -400s

tiny

Support adjustment

1321 is the first support for the S&P Futures to watch, before the all sessions lows

tiny

$TICK, S&P Futures levels to watch

The $TICK is my favorite short term market gauge

So far, on the advance to the gap fill, the $TICK only got to +400

Not the sign of strong upside momentum, at least yet.

Levels to watch early on: Lows of day (all sessions) at 1319.50 for support and 1327.50 for resistance

tiny

Model for some of these techs

Some of the tech name stocks that got some ugly down days on Monday model out to have digestion days today. For example, GOOG, AMZN, AAPL sticking with that script so far but it's still way early, so the bears could be sleeping in.

BIDU and NFLX are two that are not interested in digesting yet, they are showing a some follow through weakness, so once again it's split

tiny

Gap filled

Wasn't a big gap, but it's now filled

Let's see if it's work done or if the bulls want to push the issue

tiny

It appears

That the gap wants to be filled

we'll see if they get it there, but we are close

tiny

Retest forms a higher low

The retest down to the pre NY open low did not get all the way down, and we are now headed towards the 20EMA on the 5 minute chart. So far, it's early 2-way scalping action.

tiny

Watch List

PANL is canceled it opened below the trigger

No adjustments on ROST and GGC other than what was mentioned in the video

tiny

Open

We went down to test the early reopen low from today (the 4:30 in the afternoon bar from yesterday) and quickly rejected the small break below it.

We now look like we want to retest that low, so let's see if we hold it or it gives way to a further flush down.

tiny

9AM (or so) Forex update

I was looking at one cross for a trigger area, but it doesn't look like it's setting up for now.

tiny

9AM update

Just a reminder, if a play opens up below the short trigger or above a long trigger, it is canceled

check back in a few minutes (by 9:10) for a quick Forex blurb

tiny

Monday, May 16, 2011

Fores Trading Analysis for Tuesday, May 17th, 2011

S&P video for Tuesday, May 17th, 2011

Good quick read

http://finance.yahoo.com/news/IMF-crisis-opens-the-door-to-apf-3363280883.html?x=0&sec=topStories&pos=1&asset=&ccode=

Enlightenment


Fake enlightenment always comes through the destruction of others. Whenever someone tells you or acts like they are enlightened, ask them who got destroyed as they were getting there. Friends, partners, relatives, children, spouses, significant others. No one is safe if you get in the way of a phoney's enlightenment path.

If they will be honest for a minute (which they are incapable of), they will tell you the truth, and you will be disgusted and run the other way.

Don't be scammed by them! Demand to know the "whole" story.

tiny

It's always easy

Don't forget: When you aren't accountable, it's always easy!

tiny

Management of the Stock Trading Watch List For the Week of May 16th, 2011

SLV


3 bar Mini coil here

200 day MA would be a target on a breakdwon

tiny

wow

"The strong performance of RenRen’s market debut has shown" ???? WTF? What am I missing

http://www.allfacebook.com/facebook-reportedly-discussing-ipo-with-banks-2011-05?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+allfacebook+(Facebook+Blog)

Overnight lows next

Next target are overnight lows, and there they are as I finish typing this

tiny

TICK diverging

$TICK just diverged on that last drop

We are in NO rush to break here but that doesn't mean it wont happen

tiny

here we go

This was support last time, can we break it this time?

tiny

And again

Are we going to get there this time?

Breadth is trying to lead the way

tiny

Nope

S&P Futures came just shy (.75) of the lows before turning tail once again

Back above the 20 EMA (all sessions chart for those following at home)

tiny

Breadth barely moved on that bounce

Still thinking we could try for Lows of day, but we are in no rush to do so (yet!)

tiny

Update

Breadth is now -700s and we are below the 1:15 lows (for now)

Lows of day test is back in play here

tiny

retest of lows?

I would target a retest of lows if breadth was weaker

As it stands now we are trying to lock in that low from 1:15

tiny

today's early theme

Is tech getting sold

The next question is whether it will it carry over the afternoon or try and stand up and reverse

OE week, so lots of fun and games!

tiny

market

The S&P Futures broke the 78.6% Fibonacci Retracement of the day's range on the last trip down. this is suggestive that we retest today's lows

Breadth is only -400 though, so not that bad

Tech leading the downside

tiny

got this one in my email boxes today


This stock was promoted to me at least 5 times today. love it! check out the chart! WOW! A rare super star bullish bearish undertone harami square of 16 pattern at the 65.35637 degree Fibonacci Gann angle

Name as been omitted to protect the innocent from doing something stupid

tiny

On the pullback

S&P Futures are looking for unchanged here

tiny

So far a light pullback


Breadth is now +500 after being -1400 (but that was early) and the S&P looks like an intra-day bull flag.

My twitter account is suspended, so i cant do any tweets, but Im still using Stocktwits and won't abuse that, lest I get banned from there too! I put in an appeal for Twitter, but who knows. And no, I wont try to revenge short it in the private market or if it ever comes public. lol

tiny

Split market

Stock pickers market for sure, mixed messages out there

GS up
AMZN down
AAPL down
The GOOG down
NFLX down
CMG down
BIDU up
IYT up
OIH up
SINA bullish engulfing pattenr so far today

I'd love to talk up the good ole "pick your spots" mantra, but thats a bit overplayed.

tiny

Euro


Through it's 62% Fibonacci retracement here on the 60 minute chart

Powering higher with next resistance another 40 ticks or so higher

Michael tiny Saul

tinymjs at gmail dot com

Breadth goes positive

Bulls are here, but will they stay at least for lunch?

tiny

Open

A bit of a strange opening

We were gapping down about 5 points and then we got a nice little bounce. at the open we lost it, but not down to the overnight lows. The $TICK flushed to an early -750 and we rejected the early push down

The market appears to still be shaking off the cobwebs here, deciding what it wants to do next. Breadth is -1100, so there is a bearish overhang. Price doesn't seem too concerned yet, and as I finish this post, we are trying to bounce.

tiny

New post will be delayed

Im visualizing and taking some deep breaths here to start the day

ommmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

I hope there are no detours to the race book today!

ommmmmmmmmmmmmmmmmmmm

tiny

9AM update Stock and FOREX

Stocks

If ROST opens below the trigger price, the trade, as always is canceled as per the video rules

Forex:

EURUSD getting a small bounce, but still no trigger. USDCHF and USDJPY good wait and sees, as both have been moving haphazrdly out of their 120 minute patterns.

tiny

Sunday, May 15, 2011

Forex Trading Analysis for Monday, May 16th, 2011

S&P video for Monday, May 16th

Here's the truth

Positive thoughts don't make you money, unless you scam your way into people's wallets by making false promises that they will.

Trading is about developing a plan, sticking to your discipline and trying to not get crushed when you don't honor your stop loss. It happens to everyone. Everyone has at one time or another lost. I know that I've had way too many losers in my trading career, and get sick when I think about some of them. I've been guilty of the same infractions of the trading rules as many traders. Canceling my stop loss, having a trade come back so close to breakeven, only to let it dive bomb again because I wanted to hold on for green. Not selling for a profit because I was greedy and wanted more. Been there, done all that more times than I want to remember.

There are people I have discussed trading with every week for years, and will continue to do so for years to come. Guess what? They have all taken losses and broke their discipline at one time or another. Some of them have done it too often to count. Maybe they didn't visualize never losing! Yeah, that's got to be it!

Those that come across that they have never lost, or worse, spin their blatantly wrong calls (still not a word about RENN from these cowards) are thieves and should be ashamed of themselves, if it weren't for the fact that they had no shame left in them. They steal your confidence away from you, and insult your intelligence over and over again. They make you feel like you are wrong for not making money like them, but the only way that they could have made money is by front running their super duper deluxe calls. Like a good friend of mine always says, the ego is the worst drug out there. The more you feed it, the more you crave.

The person with the biggest heart doesn't make the most at trading. The person who wants it the most doesn't make the most at trading. Meditation is great to settle the mind, and if it helps you stick to your plan, then it's great. Just remember that taking yoga classes to pick up chicks doesn't make you a better trader, or a better person.

Write out your business plan. Define how much you are willing to lose on every trade. Write out the techniques that you are going to use to achieve your goal of being a successful trader. And for crying out loud, don't put down on paper that you are going to be using your "gut and feel". I don't care if you use charts or not, it's your money, but write a better plan that that. Then, take 10 deep breaths in through the nose, out through the mouth. Stand on your head, eat right, drink lots of water. All great things, as long as the plan comes FIRST.

Thanks for all the e-mails. I'm glad I could assist some of you, and unfortunately I was right about the entire RENN scam. It doesn't seem like anyone that wrote me got too hurt from the super hype, but next time (and there is usually another pumper right around the corner), it could be different.

Michael tiny Saul

tinymjs at gmail dot com

Stock Trading Watch List for the Week of May 16th, 2011

Viewer Stock Trading Requests for the Week of May 16th, 2011

Friday, May 13, 2011

The GOOG


The bear flag is working here, and it looks like we will test the hammer lows at 519 from April 18th.

Volume is on the light side, under it's 50 day average.

Michael tiny Saul

tinymjs at gmail dot com

Watch list updates

GGC came just shy of stopping breakevne on the second half, but so far, has held off.

NTES got the first target +2, and then stopped out the second half as per the video +1 for a total of .75 of a unit

tiny

It's also a good idea

To follow me on twitter to catch when the videos are being posted

tiny

Posts

I was not able to post to Blogger for over 10 hours yesterday. their blog said they were doing updates to the system. Some posts disappeared and some videos were never put on the blog. Blogger did an update and must have erased a bunch of stuff, including my posts on RENN. At least I got some emails on them before they vanished.

Please bookmark my Youtube channel at www.youtube.com/tinymjs as I always try to post my videos here, but in case something happens like last night, you can always view them on my channel.

Very strange, a whole day+ of posts gone. I would think I was hacked, but who the heck is going to hack this blog?


Michael tiny Saul

tinymjs at gmail dot com

Wednesday, May 11, 2011

Forex Trading Analysis for Thursday, May 12th, 2011

More Management of the Stock Trading Watch List for the Week of May 9th,...

Not a peep about RENN

RENN got demolished again today, down over 9%.

Unfortunately there were people that bought into the super hype on this one by some people that act like they are above everyone else. They should be ashamed, but they have no shame left in them.

I don't care if RENN is the Facebook of China, IPOs are crap shoots, no matter what scam artists want you to believe. These scumbags know this, and they still want to roll the dice (or bet the ponies) and take a chance with your money. If it wins, they are heroes. If it loses, oh well, we'll just forget about it. Can you afford that hit to your account?

IPOs can be traded, but extra caution is warranted as there is no history, so how can you map out support and resistance?

It makes me sick that now that RENN is destroyed since it's IPO highs, that not a peep is heard by these scoundrels. Not even a "sorry, I was wrong, and shouldn't have made such a huge deal about it". It would make them seem like they actually care.

I have plenty of losers. I get mega frustrated when I miss a play that I have been stalking for weeks, or when a play stops out only to turn around in the original direction, and I wear my emotions on my sleeve. They say you need to cut your emotions out of your trading, but unless you are risking $1 and have 10 million (or something like that), money makes it impossible to be emotionless. You need to welcome your emotions, and get them in control, which despite what some might say, is not always easy, and not always doable. You can't just meditate your way into perfect emotional calmness when money is on the line.

You get to see my watch list every single day via video. I don't edit my videos unless I forget a disclaimer. Otherwise, they are up on my YouTube channel for everyone to see.

It's sucks to lose, I get it. Unfortunately, it's part of the business. Keeping the losses in control while exploiting the winners is the difference between losing and being good. Those that hide their losses are deceptive, but hey they can just whip up an expensive class to run more of their BS and cover their losses. Can you do that?

Feel free to contact me to vent or speak to me about how I can assist you with your trading. I'll be happy to answer your email and actually give you a call if you like.

Michael tiny Saul

tinymjs at gmail dot com

Update Wednesday May 11th 1:55 PM

New lows were hit, but not with a new TICK low. Not much of a divergence yet but it's there.

20EMA on the 5 minute chart is reisstance

Breadth is sitll ugly at -1700s

tiny

Watch list update

NTES just chopping here but drifting lower.

RIG already half off +1.30 (made it by .02!) and stops have been at breakeven for a bit now

tiny

Volume and the market today, Wednesday May 11th

The SPY is down 1% and volume is not strong this way either, so it's not just a "bull thing" aparently

Breadth is nasty -1700, hovering near the lows even as we get a little lunch time try at a bounce.

Long day still ahead of us here

tiny

S&P video for Wednesday, May 11th, 2011

Tuesday, May 10, 2011

Forex Trading Analysis for Wednesday, May 11th, 2011

Continued Management of the Stock Watch List for the Week of May 9th, 2011

Volume Schmolume!

The bulls say we don't need no stinking volume!

Nice break here intra-day. We are getting the range expansion off yesterday's inside session.

We are pretty stretched here, so I am expecting a pull in, but may not be much of one

tiny

2:15 Update

Bulls stil in charge, breadth stll strong, volume is still, whats the technical term.....poopy!

Not fighting the trend here, but like I said earlier, the volume may lead to an issue

tiny

Watch List update

NTES stops are breakeven now as per the video

tiny

A look at the market

SPY broke out above the high of Monday's inside day, and so far, the break is sticking.

Breadth is nice and firm at +1600 as I type this, but volume remains a problem.

Bulls are the boss for now, but unless volume surges, it's a great idea to have one foot close to the exit

Michael tiny Saul

tinymjs at gmail dot com

PNRA was a breakeven stop out as per video and update

We opened under the stop and traded into it

tiny

9AM update for Tuesday May 10th

PNRA- Stop is breakeven but if we open above the stop, use the original level and bid to cover at entry

tiny

Monday, May 9, 2011

S&P 500 video for Tuesday, May 10th 2011

Forex Trading Analysis for Tuesday, May 10th, 2011

Management of the Stock trading watchlist for the Week of May 9th, 2011

Breadth

Breadth is trying to break out, and it may lead th e way to new price highs as well.

Still have last week in my short term memory though, where breadth broke and price put a lower high in and then rolled over

we'll see if this time is different.

Michael tiny Saul

tinymjs at gmail dot com

Market

A-D line is just about +1100, which is bullish, but not overwhelmingly so.

Volume is very low, and the day is modeling out to be a digestion candle, which was expected after the shot of volatility we saw last week.

Can't fight the internals here, but the current pattern looks like a possible bull flag failure setting up, which could lead to a dip. Still in wait and see mode, at least for now.

Michael tiny Saul

tinymjs at gmail dot com

9AM UPDATE PLEASE READ

NTCT, AVID and SFLY are going to be postponed here

Holding of on those 3 for the time being

PNRA entry is still valid as long as it doesn't gap down below the entry price. if it does, it would be canceled as well

Check back by 10AM Eastern, I may have an update (including those 3 that have been postponed)

If theres no update then theres nothing new to change past this update

tiny

Sunday, May 8, 2011

Stock Trading Watchlist for the Week of May 9th, 2011

S&P 500 video for Monday, May 9th, 2011

Viewer Stock Trading Requests for the Week of May 9th, 2011

Forex Trading Analysis for Monday, May 9th, 2011

We are moving shortly

Our blog will be moving shortly

The new website is almost ready for beta launch. Once it's rolled out, the new blog will be able to be viewed there. I will be posting all videos on there, and a ton more articles and information.

You'll also be able to sign up for free emails from me packed with information regarding trading the financial markets.

I'm very excited so keep checking back.

Michael tiny Saul

tiny mjs at gmail dot com

Friday, May 6, 2011

Support held (for now)

Tested down to the 5AM/8AM lows basis the $ES_F and held so far. Now we will see if the bears are for real and get us to new lows

Michael tiny Saul

tinymjs at gmail dot com

Market

The A-D line is still brisk, and we held the low of the big breakout bar from the Job reports release, but we appear to be in a stealth bear flag now, and could threaten the lows in "short" order

As I am finishing this, we are breaking down and heading for red

Michael tiny Saul

tinymjs at gmail dot com

Rubber band reaction or a true snapback?

Nice size gap up to start the day, breadth while early, is +1900s, which is considered very strong.

Better than anticipated Job numbers are the excuse for this move, but remember, the market has climbed the wall of worry. Will it now use some good news to accelerate the downside action we've seen this week?

tiny

Paul Schatz will be on CNBC this AM at 9:30

Check him out, he always has something good to say

tiny

9AM update continued

Yesterday's highs (all sessions) at 1348.75 wil be the test early on

I'm going to be watching for a fade, but won't jump in blind, I;'ll wait for a short term reversal.

Michael tiny Saul

tinymjs at gmail dot com

9AM update

GBP/NZD stopped out breakeven on the remaining overnight

tiny

Blammo!

Big spike off the Job reports

So much for a gap down, unless things change in the next hour

tiny

Thursday, May 5, 2011

GBP/NZD WOW

GBP/NZD from thr video just barely (2 ticks) missed the b/e stop out,, but still a while to go

Make sure you check the 9AM update!

tiny

S&P video for Friday, May 6th, 2011

Forex Trading Analysis for Thursday, May 6th, 2011

Even More Management of the Stock Trading Watchlist for the Week of May ...

We are very close to a bounce

My timing signals are all firing off tonight, suggesting that we are very close to a bounce, and it could come as early as Friday.

The Job numbers are due out at 8:30 AM Eastern, and then Bernanke is set to speak at 9:23 AM. These may lead to a gap and a shuffle in volatility. A gap down that holds short term support (watch the video later for levels) would be an opportunity for a buying op that can start as a trade and then see where it goes from there.

I don't know if we are at the end of the pullback or not, and if we gap down hard and keep going I guess I'll know pretty quickly, but the rubber band is stretched, and barring bigger news I think we get a bounce very soon. Where that bounce leads remains to be seen.

Michael tiny Saul

tinymjs at gmail dot com

AAPL

Showing good relative strength the last few days during the market sell off.

I guess all that after earnings sell off talk was just nonsense.

Michael tiny Saul

tinymjs at gmail dot com

UNP and the ^#@**^#EURO

UNP got our target, so we are out.

The Euro got shelacked. I have been watching this all week for a pull in, and as soon as I swear it off it dive bombs.

One of my favorite sayings: "I'd rather be out, wishing I was in, then in wishing I was out."

It could be MUCH worse, I could have followed the super hype on RENN. ROFLMAOOOO

Michael tiny Saul

tinymjs at gmail dot com

Wednesday, May 4, 2011

I thought I would be happier

I was watching the pre-market trading and hanging in the chat room when someone asked me what I thought the market would do now that a plane had flown into a building in NYC. I turned on CNBC (which I never watched despite a demand that I had to) and saw that a plane had flown into not just a building, but the World Trade Center. I went to my bedroom and said to my wife “some moron just flew into the World trade Center”. She said “what?” and rolled back over for some more sleep. Once the second plane hit, the speculation of an “accident” was all but gone. The futures tanked and then were halted, and the market wouldn’t be open for a week.

During that week, my life changed forever. I saw my President tell us we were at war. I saw people in the US hating countries rally in the streets and burn my flag. The next week I started my three year battle with anxiety and panic attacks that started on my way into the city chasing a false promise. A few days later I heard that someone was telling my co workers that I was “hiding under my bed” afraid of the next terrorist attack. I will never forget that betrayal as long as I live.

As “bad” as it was for me, it wasn’t anywhere near close to as bad as it was for those that lost their family or friends. My issues could be cured with a pill. For those that lost loved ones, the wounds will NEVER heal.

I couldn’t wait until we caught him, brought him to trial, and executed him in public. It didn’t work out how I wanted it to, but I’ll take the result as is.

I’m glad I was alive to see this day, but I thought I’d be happier. Instead it just brings back the memories of how miserable, scared and hopeless I felt. I’m so glad my kids weren’t born yet to see me like that.

Early the next year U2 did the greatest Super Bowl halftime show in history honoring those that died because of those cowardly scumbags. If they were real tough guys they’d have picked a bar fight with a Navy Seal or two. We saw how well that worked out for their leader.

Great parody

http://www.youtube.com/watch?v=Nns3He0qYJs&NR=1&feature=fvwp

Good job especiallly the part about reading the testimonials off the script LOL

S&P 500 video for Thursday, May 5th, 2011

Forex Trading Analysis for May 5th, 2011

My recommended reading list

Can be found here: http://tinystmv.blogspot.com/p/recommended-reading-list.html

Continued Management of the Stock Trading Watchlist for the week of May ...

A valuable lesson from RENN

Don't follow hype blindly. Wait for entry setups and manage, manage, manage. There's nothing sexy about a breakeven stop out but trading isn't supposed to be sexy. It's a job. One trade isn't going to make you rich beyond your wildest dreams. Unfortunately, it can do soem damage if you step in too heavily.

RENN going out at low of day here. Trade safe.

Michael tiny Saul

tinymjs at gmail dot com

And that's that

RENN couldn't hold the breakout level

A letdown to those expecting much more from this

tiny

RENN knocking on 20

Short term resistance here at 20

Above 20, as stated before resitance sits at 20.44, Then, 21 followed by 21.23

Michael tiny Saul

tinymjs at gmail dot com

Full disclosure: I own NO shares of RENN and never have

RENN

Stops b/e from the base breakout.

Above 20, watch 20.44 for the next target

tiny

RENN resistance 19.85

Got the breakout above he small intra-day base, heading for first resistance here

For the break to be valid, RENN shouldnt go back into the base

tiny

Market

TICK divergence at the lows and a 4.5 point pop off the lows.

Breadth is stinky but also diverged a little bit at the market lows.

Still a long way to go, and not calling a reversal here yet. I'd like to see another push down with another divergence. If it doesn't come, we'll adjust the strategy

Michael tiny Saul

tinymjs at gmail dot com

RENN, part 2


Nice looking intra-day base here. Can it get a lift into the 20s? It will have to breakout first.

Michael tiny Saul

tinymjs at gmail dot com

Ouch!


Lots of super hype on this one. Hope no one followed blindly

Michael tiny Saul

tinymjs at gmail dot com

UNP management

Half taken off +2 and stops are b/e on the rest

Next target is 100.11 for 1/4 off (1/2 of the 1/2 left)

this is as per the video last night, nothing new here

Michael tiny Saul

tinymjs at gmail dot com

Watchlist management

CHBT is gone +2.20 on the second half

UNP stops are trailed to entry, after coming .13 shy of a full stop out yesterday

Michael tiny Saul

tinymjs at gmail dot com

Tuesday, May 3, 2011

S&P Video for Wednesday, May 4th 2011

Continued Management of the Stock Trading Watchlist for the Week of May ...

Forex Trading analysis for Wednesday, May 4th, 2011

REDF

Gets target out +2.50 as per 9AM update

Now get UNP to pull in!

tiny

Watchist updates

ALXN stopped out b/e

UNP approachign stop. trannies were down early but are bouncing here

REDF still hanging in the low end of it's range, but no breakdown yet

CHBT up small and forming a stealth penannt here on the daily chart

Michael tiny Saul

tinymjs at gmail dot com

Lack of a lap fill

Suggests we retest overnight lows, but as of now we are holding Fib support.

Breadth is stinky now, $VIX is rising, but price action rules all.

Michael tiny Saul

tinymjs at gmail dot com

ALXN stops

Are moved to breakeven

Michael tiny Saul

tinymjs at gmail dot com

SPY

The SPY held the opening price on the retest back down to it.

Trying again for highs. Breadth is negative, but not horrible

Michael tiny Saul

tinymjs at gmail dot com

Futures stall at 3AM Resistance

1350 tested


1350 was tested just after 7 AM. The S&P Futures are currently 4+ points off of that low, and back into the congestion form an early triangle.

I'll be watching this for a fade opportunity, but not until at LEAST the first 5 minutes are in

Michael tiny Saul

tinymjs at gmail dot com

9 AM update Stock Trading Watchlist and Forex

A reminder, gaps below entries for new triggers will void the signal

REDF- 13.19 is now a cover level for the whole size, not going to scale out

The Euro fired off overnight and stopped.

Michael tiny Saul

tnymjs at gmail dot com

Monday, May 2, 2011

S&P 500 video for Tuesday, May 3rd, 2011

Forex Trading Analysis for Tuesday, May 3rd, 2011

Management of the Stock Trading Watchlist for the Week of May 2nd, 2011

Sell off into lunch

We are below the overnight lows on the S&P here

Breadth is -400s and falling

Watchlist: REDF up small, WTI down small, OVTI close to stopping out, PANL b/e stop out CHBT hanging tough

It's too early to put a fork in the market, even on the short term but the bulls will need to do some recovery work here

Michael tiny Saul

tinymjs at gmail dot com

137.25

One more push up and we wil be in striking distance of the 137.25 level on the SPY

Michael tiny Saul

tinymjs at gmail dot com