Tuesday, May 31, 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
tiny
DMND how you tease me!
Was looking so good, there was even an outside chance of getting half off....and then?
tiny
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
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
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
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
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
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
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
Still plenty of day left, breadth is good early on
volume cannot be compared to Friday as it was pre holiday
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
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
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
tiny
Monday, May 30, 2011
Watch List Update for the Week of May 23rd 2011
RIMM was the only stock that was open, and it stopped out -.12. yes, it did trade to breakeven, but it opened below breakeven, and the stop would have fired off
tiny
tiny
Sunday, May 29, 2011
How to use the nightly videos
I did a video on how to use the nightly videos.
See that video here and bookmark it for further reference: How to use the videos
tiny
See that video here and bookmark it for further reference: How to use the videos
tiny
Thursday, May 26, 2011
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
tiny
Market look
1312.50 double bototmed, and breadth has turned to positive.
1327.50 is now reistance up top
tiny
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
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
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
More on this later, as I received a comment on it
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
This will have to change if we are going to put our rally hats on
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
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
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
check back again at 9:10 (sorry
tiny
Wednesday, May 25, 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
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
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: 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
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
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
tiny
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
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
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
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
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
TZOO fired off to the short side
These ar just updates from the video, nothing new
tiny
Tuesday, May 24, 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
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
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
I would like to see us test overnight highs, but we may not before a fade steps in
tiny
Monday, May 23, 2011
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
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
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
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
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
More choppy than anything, but if we don't break higher soon, we have a good chance of new lows
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
First target is 1318 (basis the S&P futures) if we can put something together
tiny
watch List
ALOG is canceled
CRR Is canceled
JJSF is canceled
JBLU is canceled
SINA is canceled
gee that was fun!
tiny
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
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
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
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
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
Sunday, May 22, 2011
Saturday, May 21, 2011
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 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
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
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
Looking for one more test down
May not get it, but if we do, it should set up a bounce opportunity
tiny
tiny
Thursday, May 19, 2011
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
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
Everyone must be trading LNKD. Hope no one bought in the 120s....ouch!
tiny
Wednesday, May 18, 2011
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
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
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
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
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
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
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
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
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
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
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
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
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
Let's see if it's work done or if the bulls want to push the issue
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
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
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
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
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
check back in a few minutes (by 9:10) for a quick Forex blurb
tiny
Monday, May 16, 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
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)
http://www.allfacebook.com/facebook-reportedly-discussing-ipo-with-banks-2011-05?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+allfacebook+(Facebook+Blog)
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
We are in NO rush to break here but that doesn't mean it wont happen
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Saturday, May 14, 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
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
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
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
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
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
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
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
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
Tuesday, May 10, 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
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
Not fighting the trend here, but like I said earlier, the volume may lead to an issue
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
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
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
tiny
Monday, May 9, 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
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
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
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
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
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
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
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
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
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
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
Blammo!
Big spike off the Job reports
So much for a gap down, unless things change in the next hour
tiny
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
Make sure you check the 9AM update!
tiny
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
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
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
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.
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
Good job especiallly the part about reading the testimonials off the script LOL
My recommended reading list
Can be found here: http://tinystmv.blogspot.com/p/recommended-reading-list.html
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
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
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
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 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
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
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
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
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
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
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
Breadth is stinky now, $VIX is rising, but price action rules all.
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
Trying again for highs. Breadth is negative, but not horrible
Michael tiny Saul
tinymjs at gmail dot com
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
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
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
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
Michael tiny Saul
tinymjs at gmail dot com
Opening
Opening gap fades nicely, and the SPY comes .15 short of that 137.25 number, for now
Important to see if the bulls step in here and reload for the long side or we keep dipping.
Breadth is +600s but it's pretty early
1360 is the overnight low basis the S&P futures.
Mihcael tiny Saul
tinymjs at gmail dot com
Important to see if the bulls step in here and reload for the long side or we keep dipping.
Breadth is +600s but it's pretty early
1360 is the overnight low basis the S&P futures.
Mihcael tiny Saul
tinymjs at gmail dot com
Sunday, May 1, 2011
As good of a time as any
Sunday night 10:45 PM and the news was that Osama Bin Laden is dead.
Market not reacting nearly as much as I thought it would when this day came, but as I type this, President Obama has yet to speak.
Nice fat gap up may make a sell the news shorting opportunity at the open
Michael tiny Saul
tinymjs at gmail dot com
Market not reacting nearly as much as I thought it would when this day came, but as I type this, President Obama has yet to speak.
Nice fat gap up may make a sell the news shorting opportunity at the open
Michael tiny Saul
tinymjs at gmail dot com
Subscribe to:
Posts (Atom)