Tomorrow's plays

[NEWinv]

Days like today are the hardest to stomach. As a new investor i've made some serious mistakes in this market. Whether it was not hedging my positions correctly or making the ultimate Newbie mistake of doubling down on a failing trade...wont make that mistake again.

I'd like for this thread to be used by others on this site as a way to help newbies, like my self and many others understand what is ahead of us based on technical analysis. TA can be discussed on indices or individual stocks/etf's ...etc. It could also be a great place for newbies to speak about what they might be thinking about (trade) for the next day based on their own TA with some feedback from members.


What are the technicals telling us?

Today, In another thread I read that tomorrow is an important day because if we see a mid-day reversal with good volume we may see a tradeable bottom... I'd love to see that happen...truth is this market sucks big time, but the bigger question is where should we see support?

[mark_brantford]

This is a huge over simplification and not by any means technical analysis, however:

When I look at a long term chart of the DOW, from the 80's up to today, I see a trendline that looks like it crosses around 9500 or 10000 at this point in time. You can clearly see the tech bubble of 1997-2000 and the housing bubble from 2004-2007. To me 10,000 seems more natural. I clearly hope everyone else sees this too and they return to their senses hehe

[NEWinv]

This is a huge over simplification and not by any means technical analysis, however:

When I look at a long term chart of the DOW, from the 80's up to today, I see a trendline that looks like it crosses around 9500 or 10000 at this point in time. You can clearly see the tech bubble of 1997-2000 and the housing bubble from 2004-2007. To me 10,000 seems more natural. I clearly hope everyone else sees this too and they return to their senses hehe


I think I saw the same thing you saw on the charts for the dow. At times I do think people have been panic selling.

[john_for_u80]

Technically looking at the DOW ETF DIA, if we open lower then we definitely rally when the selling pauses in the AM! I am looking for a bounce.

If DIA opens lower, it will go out of its BB 3 standard deviation which will cause the fire for small rally at least!

If we open higher, we need to watch how much market pulls back.

Lets see, I will look at how the charts look on daily and intra day basis!

[NEWinv]

Technically looking at the DOW ETF DIA, if we open lower then we definitely rally when the selling pauses in the AM! I am looking for a bounce.

If DIA opens lower, it will go out of its BB 3 standard deviation which will cause the fire for small rally at least!

If we open higher, we need to watch how much market pulls back.

Lets see, I will look at how the charts look on daily and intra day basis!


thanks for the feedback...this is exactly the kind of things i'm looking for on this thread. Recently, I started trading ETF's and I was looking at the DOG would you apply the same inversely?

What would you call a small rally, 10%-15%?

Also, the uyg is at unseen lows with the charts forming an inverse HS pattern. Maybe i'm wrong, what do you see?

[mlegha1]

Don't try to catch a falling knife, asian markets are selling off.Don't just get long because some people feel we are oversold and this is a bottom.I would suggest wait for some positive news like a rate cut and then follow the volume.

[john_for_u80]

thanks for the feedback...this is exactly the kind of things i'm looking for on this thread. Recently, I started trading ETF's and I was looking at the DOG would you apply the same inversely?

What would you call a small rally, 10%-15%?

Also, the uyg is at unseen lows with the charts forming an inverse HS pattern. Maybe i'm wrong, what do you see?

Just to let you know that I only day trade so if market opens lower, I am positive that stock market bounces up. I will look at the intra- day charts to decide my moves. If market goes turns up then I would look to buy one stock out of these names: GS, AAPL, POT or SPY

I am not sure if you know this BB setting. Everytime we use BB 20,2 but when we use BB 20,3 and when stock goes out of 3 std deviation, stock is likely to get push in that is it moves up. Stock should fall on normal sell off and not on any bankruptcy or FBI raid news :)

If you know to trade intra-day looking at the charts then only trade keeping some of these points in mind otherwise it is not worth the risk in such volatile market!

[john_for_u80]

Don't try to catch a falling knife, asian markets are selling off.Don't just get long because some people feel we are oversold and this is a bottom.I would suggest wait for some positive news like a rate cut and then follow the volume.

Does not matter what Asian markets does. US is the one who changes the moves, US does not follow Asian markets!

Even when Asian Markets did ok when Australian market cut 1 point, US markets worked out the way it wanted going much lower today!

Regarding oversold & volume, I agree! Rate cuts will make 1 day bounce. Gov or Fed intervention can never bring bottom!

[Bolimomo]

What would you call a small rally, 10%-15%?


I agree with upthread... this is a huge over-simplication. Trading is not that simple (I wish it is). Trading is not about predicting that tomorrow the market will do this and will do that. Trading is about reacting to the market environments every damn day and trying to profit from price inefficiency.

A lot depends on how you want to approach the markets. How much capital do you have, how much risk are you willing to tolerate, what kind of stocks/ETFs do you want to trade, what style do you want to practice (scalp, momentum, swing, long-term, etc.), etc..

It takes years to be successful at this game.

I can tell you this: I don't think you will see a market (Dow or S&P index) rally 10%-15% in one day. Not in one day. Today the market retested low. A huge drop. But it was only a 5% drop. But in terms of percentage it was a huge drop. And stocks drop much faster than they rise (which is why I like shorting than longing.)

[BuyOnDips]

ITWO might not be a bad play. Their price is currently $12.94. They are being bought by JDAS for $14.86 in cash. ITWO shareholders will vote on the deal in November.

http://biz.yahoo.com/bw/080930/20080930005396.html?.v=1

I think most shareholders will vote for the deal. Especially since the current market is pretty bad. There still is some doubt because the largest shareholder might vote against the deal. If you wish to play arbitrager, buying ITWO might not be a bad play. It the deal goes through, it's about a 15% gain from here.

There was some concern about the funding of the deal. But JDAS got Wells Fargo to help finance the deal. http://biz.yahoo.com/ap/080930/jda_software_i2_acquisition.html?.v=1

Good luck.

[BuyOnDips]

Another play I like is INFA. It's gotten crushed like some many other stocks in the last few months. I bought some shares under $12 last Friday afternoon. I might add some more if it goes lower. There are some values in the tech area. It recently got upgraded by Roth Capitol. It got upgraded today by Piper Jaffray.

http://www.streetinsider.com/Upgrades/Piper+Jaffray+Upgrades+Informatica+(INFA)+to+Buy/4051665.html

It's still my favorite tech stock. IMO, ORCL will probably buy them in the near future. Also note 2 directors recently resigned from INFA's board. http://www.reuters.com/article/marketsNews/idINN0227924220081002?rpc=44

Good luck.

[john_for_u80]

Morning lower open was the best opportunity to trade! Nice day as I predicted for GS, AAPL, POT, SPY!

POT was the best performer because lot of shorts had to cover!

I could not trade as I got up late in the morning :(

I will look at the charts later in the day and then I will try to make my guess for tomorrow! RIght now looking at the close I think we go lower whole day tomorrow!

[john_for_u80]

Looking at some charts of SDS, SKF- They formed hanging man top. If reversal not tomorrow then pretty soon within couple of days!

$SPX reaching 2002 support area near 942 and fibonacci support area(78.6% retracement). Closed at 984 area.

May be shorts will start to short from tomorrow and that will bring the fire in the rally!

[BuyOnDips]

Morning lower open was the best opportunity to trade! Nice day as I predicted for GS, AAPL, POT, SPY!

POT was the best performer because lot of shorts had to cover!

I could not trade as I got up late in the morning :(

I will look at the charts later in the day and then I will try to make my guess for tomorrow! RIght now looking at the close I think we go lower whole day tomorrow!


It was a weird day for me. I bought 100 shares of CBI yesterday at 13.00. I was going to buy some more this morning depending on what it did. It opened down at 12.11. Then it quickly went to $14.20.
I wasn't able to follow the opening though. When I checked the stock around noon it was at $10.50. It started to rise off it's low of $10.36. I bought 200 more shares at $10.68. It got back to $12.70 in the afternoon when my computer froze. It totally locked up on me. That really sucks. By the time I got back online, the stock had gone to $12.95 but then quickly fell back to 12.19. I sold all 300 shares at 12.19 since I didn't want to hold it overnight. So I made $200 bucks on those 2 trades. It certainly was a wild roller coaster day for those that played CBI.

http://finance.yahoo.com/q/bc?s=CBI&t=1d

[john_for_u80]

It was a weird day for me. I bought 100 shares of CBI yesterday at 13.00. I was going to buy some more this morning depending on what it did. It opened down at 12.11. Then it quickly went to $14.20.
I wasn't able to follow the opening though. When I checked the stock around noon it was at $10.50. It started to rise off it's low of $10.36. I bought 200 more shares at $10.68. It got back to $12.70 in the afternoon when my computer froze. It totally locked up on me. That really sucks. By the time I got back online, the stock had gone to $12.95 but then quickly fell back to 12.19. I sold all 300 shares at 12.19 since I didn't want to hold it overnight. So I made $200 bucks on those 2 trades. It certainly was a wild roller coaster day for those that played CBI.

http://finance.yahoo.com/q/bc?s=CBI&t=1d

I totally agree with you that today was a one of the weirdest day! I just looked at the charts and counted the moves, market moved in 5 directions(down,up.....) intra-day today!
More than 95% of the times market changes its course once or twice intra-day!

Well it is always good as far as you make profits or get out with small loss!

[aiki14]

I totally agree with you that today was a one of the weirdest day! I just looked at the charts and counted the moves, market moved in 5 directions(down,up.....) intra-day today!
More than 95% of the times market changes its course once or twice intra-day!

Well it is always good as far as you make profits or get out with small loss!

Not quite the classic bottom I was hoping for but a day where the direction was indeterminate after the downtrend may be a good sign for the next couple days. Hard to play with a lot of conviction though. I am getting frustrated sitting on such a large cash position, watching. Better than being in though because I have not been predicting the market very well lately.
I was driving up to NY this morning listening to CNBC and the futures market did about 5 flips premarket as well. Even the straddles on this market are so expensive as to be untenable.
Rough times indeed.
I would be short the VIX here, but I went short at 56 and it hit 60, astonishing. Still that's the best trade I see at this point, short VIX Nov futures, long VIX Nov 55 puts.

[john_for_u80]

Not quite the classic bottom I was hoping for but a day where the direction was indeterminate after the downtrend may be a good sign for the next couple days. Hard to play with a lot of conviction though. I am getting frustrated sitting on such a large cash position, watching. Better than being in though because I have not been predicting the market very well lately.
I was driving up to NY this morning listening to CNBC and the futures market did about 5 flips premarket as well. Even the straddles on this market are so expensive as to be untenable.
Rough times indeed.
I would be short the VIX here, but I went short at 56 and it hit 60, astonishing. Still that's the best trade I see at this point, short VIX Nov futures, long VIX Nov 55 puts.

Yeah! S&P is pretty close to 930 area of 2002 base and fibonacci support!

If market rallies tomorrow, I will look to see next resistance area near 1080 and then we can go lower with a bigger force or we can go straight down to 930!

[john_for_u80]

I played with FXP today for 4 points again!

When I saw market opened high and could break its own high, I was looking to get into SKF but the move was wild as SKF is out of Jail today. I was not able to handle that small quick moves in SKF. I think I need a day or 2 to trade with that sucker!

I was looking to buy FXP at 132 area but it popped all of sudden to 135 within very small time interval. I still got in at 135 and sold at 139 area. Don;t want to be greedy if I make 3-5 points in a trade :)

[stideas]

Keep steel on your radar for a quick snap...

It's too stretched from equilibrium.

sti

[deviousz28]

FXP is near the bottom again.

? will WB do anything today.

Thanks Scott

[aiki14]

Today the indecision turned to the downside again. Under normal circumstances I would say this is capitulation, but I can't say for certain in this environment. Companies are unable to move commercial paper, there is selling of treasury stock, hedge funds and now mutual funds are liquidating due to redemptions (as evidenced by the drop from 3-3:30 when they halt the pipelines).

Blackrock asst chairman Bob Doll, is saying they are not buying commercial paper (they are a huge buyer under normal circumstances), and they are trading what they have for treasuries. Treasuries that are similar in timeframe to Commercial Paper are yielding .6% or less. That means they are willing to get back ZERO on their short term money rather than lend to companies at 5% or higher.
Doll just said on CNBC that we have to consider this a crash.

The credit market is indicating DJIA 4500 or lower according to some experts (don't ask me how they calculate it unless you have a lot of time).

Very Bad stuff indeed

[john_for_u80]

Dow can go to 7500 & S&P to 768 (2002 low side of the base).

DOW and S&P right now close to Fibonacci support and 2002 platform(upside of the base). If this base do not hold nicely, we will see a quick down move in couple of days. Rally is for sure next week!

Amazing moves in U.Shorts! Damn! Wish I had my day trades left.

[stideas]

At this rate of collapse, we are looking at 0 in no time.

Looks like Halloween will be little early this year....

STI

[NEWinv]

I was punished in the last few trading sessions and I really a glad that I Put this thead up. I am not trading because the pain is too much. Every new investor should be paying attention to the technical analysis you guys have been putting up. Great work.

Wow!...looks like the dow ends just under 8600...market as a whole had huge volume.

Vix hit an all time high.

My question here is how significant is this day?

Tomorrow looks bleak.

I remember reading someone's post that the SKF could go to $250...starting to believe this is possible .

[Bolimomo]

My question here is how significant is this day?
.....
I remember reading someone's post that the SKF could go to $250...starting to believe this is possible .

Just today alone may not be too significant. But putting it in the context of the recent moves of the market it is more significant. On Sept 15 (Monday), the market "crashed". First of a series where the Dow went down over 500 points in a day. It didn't end there. Sept 18, Dow had a big swing from big negative to big positive. Followed as the House of Rep rejecting the bailout bill: Dow crashed. Senate passed the revised bailout bill, market rallied a bit. 2 days later House of Rep passed the bailout bill: market sold off again! Global interest rate cut: market gapped down but jolted back to high, came down again and rose back to high. It was yesterday's closing near the low that suggested there would be more to go on the downside. This morning market gapped up. But the gain didn't hold water.

Near the end of the day, it really looked as if SPY/$SPX were in capitulations. Selling, selling, more selling.

Unfortunately this (Sept/Oct) is really not a time for beginners to trade and learn about stock trading. Fear-induced sell off can wipe you out in a hurry. This is not the text-book kind of idealistic equity market where stock prices gradually rise over time. This is a one-of-a-kind market environment. This is an accumulation of 4+ years of sort-of bullishness since the dot-com crash and 911 incident triggered by the Bush-Iraq war - all recoiled in one setting.

While in 2002, the stock market recovered gradually. This time it is different. One of the factors is that you have investors who got burnt once before from the Internet bubble and WorldCom/Enron/Global-Crossing mess. The pain of a bear market was still there, still relatively fresh. Perhaps this time around they got smarter. If you can't take the heat in the kitchen, get the hell out first! Think later. And perhaps they got smarter to not listen to the talking heads on TV tell them to "stay calm... you are in for the LONG HAUL". It took only 2 months to wipe out what you had accumulated in the past 4-5 years. If your retirement account has vanished 40% and you are about to retire, how much LONGER can you wait it out?

As I said before: Trading is not about predicting the market's moves. Who can say honestly that they have foreseen the market making a M-shape move yesterday, and gapping up today and selling off in the last 2 hours? Trading is about reacting to the ever-changing market environments and take advantage of them to profit. Tomorrow morning at the opening: 3 possibilities: 1) Gap-up: probably can fade it for it to settle down to today's low before rebounding. 2) Split open (i.e. Flat): probably the selling will continue a bit to take the market lower. 3) Big gap down: then likely one can fade it to long for a quick bounce.

SKF going to $250? not likely to happen tomorrow. Remember SKF came from a low of 96 to today's high of 184. Anything above 200 is likely to attract profit taking first. Hell, it already doubled in just 3-4 days!

[NEWinv]

Played the dxd twice each on friday for 4 points each time. Not a bad day for a rookie, probably my best day ever. Personally I'm thinking Individual bank stocks at this point, JPM, WFC, and GS. I'll be looking for an entry point in the coming week. Coulda, woulda, shoulda with GS on friday at $75 The ride up was incredible with a close at $89, probably the best trade I identified on friday.

I have concerns using the UYG, what do you guys think?

[john_for_u80]

Nice day today but overall a laggard day for me. I got into JPM near 40 and sold at 41.97 area. JPM was such a laggard stock today.

I loved the move of APPL, GS, SPY!

I decided in the morning that I would not get into JPM but rather buy AAPL and I did get into JPM, don't know why? :x

If market jumps up tomorrow at the open, I will try and get into U.Shorts!

Wide ranges in S&P!

[Bolimomo]

I decided in the morning that I would not get into JPM but rather buy AAPL and I did get into JPM, don't know why? :x

If market jumps up tomorrow at the open, I will try and get into U.Shorts!

Wide ranges in S&P!

You must have made a killing on AAPL today John! I don't know why I was bearish on it and got burnt.

I agree, if tomorrow morning the market gaps up it would be a good time to get into the Ultrashorts. SKF got pushed off the cliff again today from 145 to 128 (note the high just on Friday of 205). The range of this is wild.

[john_for_u80]

You must have made a killing on AAPL today John! I don't know why I was bearish on it and got burnt.

I agree, if tomorrow morning the market gaps up it would be a good time to get into the Ultrashorts. SKF got pushed off the cliff again today from 145 to 128 (note the high just on Friday of 205). The range of this is wild.

I got into SKF near 110 and sold at 115 area. I think I sold too early as I see SKF to 117 right now while typing this message!

I am done for the day. I don't have any day trade left.

anyway, good luck!

[BuyOnDips]

IMO, it's still wise to sell the rallies. Take profits when you can. It's going to be a very tough market the next few years.

[Bolimomo]

I got into SKF near 110 and sold at 115 area. I think I sold too early as I see SKF to 117 right now while typing this message!


I couldn't resist the temptation. I started buying SKF in pre-market near 115. Bought more at 114. Bought more at 113. I kept averaging down. This sucker went to the low of 105.xx!!!! My gosh! Average price was 110.50 or so. I got out at about 112. I would have loved to be the one who pressed the mouse button to buy all at 106...

[john_for_u80]

IMO, it's still wise to sell the rallies. Take profits when you can. It's going to be a very tough market the next few years.

Definitely have to take the profits and also minimize our loss by good stops so that we don't lose more than we make!


I couldn't resist the temptation. I started buying SKF in pre-market near 115. Bought more at 114. Bought more at 113. I kept averaging down. This sucker went to the low of 105.xx!!!! My gosh! Average price was 110.50 or so. I got out at about 112. I would have loved to be the one who pressed the mouse button to buy all at 106...

I would never touch anything pre-market or post. I like to lock in the profits if I ever hold and the prices run up in those market times.

SKF went to 120 right now! lol

[Bolimomo]

I would never touch anything pre-market or post. I like to lock in the profits if I ever hold and the prices run up in those market times.


That's probably a good discipline. I occassionally trade pre-hours. The results have been a mix. Sometimes I got it good. Sometimes I don't. As a trader, I can't rely on a 50/50 bet. I better stick with the regular hours. But sometimes... just hard to resist...

Like this morning, I bought SKF at 115 in pre-hours, and it went to 105.xx in the first 5 minutes. I shorted AAPL at 114.75 in pre-hours, and it went to 116 in the first minute. GS: shorted near 123, then 124, then 125 in pre-hours, it went to 126, 127!!!! Psyche hurting.

[john_for_u80]

Looking at 3 points in S&P. If S&P goes up and breaks 1020 area then we can see 1050. I would definitely add small SDS at 1040 area. I would not get in on the long side because reward is less as market will be too much up in small period.

If market breaks 975 then I think we see 950 then 900(to fill the gap). Small postion in U.Shorts will be nice.

If higher low is put near 900 area then we know risk(50 points in S&P) and reward.

S&P holds above 850 and then we can rally and if it does not hold, we will go lower to 2002 base!

Lets see......

[john_for_u80]

Looking at 3 points in S&P. If S&P goes up and breaks 1020 area then we can see 1050. I would definitely add small SDS at 1040 area. I would not get in on the long side because reward is less as market will be too much up in small period.

If market breaks 975 then I think we see 950 then 900(to fill the gap). Small postion in U.Shorts will be nice.

If higher low is put near 900 area then we know risk(50 points in S&P) and reward.

S&P holds above 850 and then we can rally and if it does not hold, we will go lower to 2002 base!

Lets see......

So we are getting close to what I mentioned yesterday. It was a very tough day today with tight ranges.

I had 1 day trade with which I traded SDS but I sold for 2.3 points gain.
This gain was tiny looking at the end of the day where market sold off. haha

Anyway, I would look to get long if tomorrow's market opens lower with a healthy reversal. I would watch SPY, RIMM, AAPL, or GS to buy! Ebay got screwed AH!

[NEWinv]

So we are getting close to what I mentioned yesterday. It was a very tough day today with tight ranges.

I had 1 day trade with which I traded SDS but I sold for 2.3 points gain.
This gain was tiny looking at the end of the day where market sold off. haha

Anyway, I would look to get long if tomorrow's market opens lower with a healthy reversal. I would watch SPY, RIMM, AAPL, or GS to buy! Ebay got screwed AH!


Thanks for your continued post on this thread. Spot on my good man... I got on board the dxd with a tight stop and and rode it for 3.3 points, up. i'll be lookng at GS and AAPL over the next few days as well. FXI looks good to me as well. i'm looking for an entry around 25.00 dollars.

[john_for_u80]

Thanks for your continued post on this thread. Spot on my good man... I got on board the dxd with a tight stop and and rode it for 3.3 points, up. i'll be lookng at GS and AAPL over the next few days as well. FXI looks good to me as well. i'm looking for an entry around 25.00 dollars.

You need to watch S&P at tomorrow's open near 875. I think we bounce near that area. We may go lower to 850 area but I think we end the day higher and I think we definitely rally big on Friday due to options expiry which will screw the shorts and also no one will want to stay short on weekend!

Lets see....

[john_for_u80]

Also we are deeply oversold and if we break Friday's low then market is in trouble!

[Bolimomo]

Also we are deeply oversold and if we break Friday's low then market is in trouble!

People would be searching for "The Bottom" again! LOL...

[john_for_u80]

People would be searching for "The Bottom" again! LOL...

Yeah but I will be back on the short side from Monday if market rallies hard the next 2 days because I still think market comes near 2002 area. Market will rally before the elections though I think! So next few days will show us all what is in!

[BuyOnDips]

FWIW, I bought some shares of ABB yesterday right before the close($14.40). It looked like a great bargain to me. Might add some more if I feel brave.

http://finance.yahoo.com/q/ks?s=ABB

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_A/threadview?m=te&bn=77&tid=19484&mid=19484&tof=3&frt=2#19484

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_A/threadview?m=te&bn=77&tid=19486&mid=19486&tof=1&frt=2#19486

[john_for_u80]

I played with SKF for nice gain :) Market sucked some fools pre-market!

I would not short anything right now nor I will get long.

I think Market goes higher if it S&P holds near 860 area or above Friday's low!

Be careful if you are short!

[BuyOnDips]

It's certainly a day traders market. Lots of large swings. You can easily make several hundred dollars on just 100 share lots on even low priced stocks if you time the right direction. The pro traders have to love this volatility.

GILD is acting strong today. They report this afternoon. It might be worth looking at tomorrow.

http://finance.yahoo.com/q/ks?s=GILD

NUE reported and had a good Qtr. That might not be a bad long term play, even if we do have a deep recession.

http://finance.yahoo.com/q/ks?s=NUE

[john_for_u80]

Time to get in some to go long. I am buying very small amount of stocks from my Zecco account because trading is free for October month. I am getting into RIMM. It has good strong base at 50 looking at monthly chart and it bounced off few days ago from 50 level.

GOOG reports AH.

I am hoping that market moves higher at close with strong day tomorrow. If I am wrong, I won't be hurt much as I am buying very few stocks on up move with stops.

Good Luck!

[Bolimomo]

The pro traders have to love this volatility.


Yes I sure love it. This kind of environment is what traders can only dream of. It only happens once in a while. I remember how dull the market was last Christmas 07, and in the last 2 weeks of August because most traders were on vacation with their families. You couldn't get anything to move.

To make a living off trading, though, you need to be able to trade for profits in any environment. This environment is great, but we need to be able to squeeze something out of a dull market too.

[john_for_u80]

Time to get in some to go long. I am buying very small amount of stocks from my Zecco account because trading is free for October month. I am getting into RIMM. It has good strong base at 50 looking at monthly chart and it bounced off few days ago from 50 level.

GOOG reports AH.

I am hoping that market moves higher at close with strong day tomorrow. If I am wrong, I won't be hurt much as I am buying very few stocks on up move with stops.

Good Luck!



Google is good in killing WS short dogs!

When good stock moves WAY below 200 DMA it rocks like a rocket. Same deal last time when it reported. Same stuff with S&P!

GOOG moved up on huge volume today!

It was nice that I added RIMM on dips to 54 area couple of times. I am holding RIMM for now.

I think we move higher tomorrow!

Lets see......

[stideas]

GOOG is killing all the shorts in after-hours. It will be an interesting open tomorrow. I sense a squeeze...

STI

[BuyOnDips]

INFA could be interesting tomorrow. They had another record QTR again. They beat on revenues and earnings. They guided higher. The stock has been beaten down with the market the last few months. It's probably a good long term buy if you need a tech stock. It's also a strong buyout candidate. Do your own research.

http://www.informatica.com/news_events/press_releases/Pages/10162008_q3_earnings.aspx

http://www.reuters.com/article/marketsNews/idINBNG36131120081016?rpc=44

http://finance.yahoo.com/q/ks?s=INFA

[NEWinv]

Market will rally before the elections though I think! So next few days will show us all what is in!


Could you elaborate on the comment above?


Today was a good day. picked up some JPM @ 37.18, FXI @ 26.28 and MY best play for the day ABK at 1.77 - closed @ 2.85... 58% swing.


Nice!

[Bolimomo]

GOOG is killing all the shorts in after-hours. It will be an interesting open tomorrow. I sense a squeeze...


Yeah, I saw the rapid price movement in GOOG near close in regular hour. I knew it was earning report related. This morning GOOG went to low of 330 something. Tempted to scoop it but forwent it.

Tomorrow would short the spike up after the gap-up opening. It may gap-way-up and flatline. But it could gap-way-up, run-up-some-more, retrace, then flatline. Which is all I need.

[BuyOnDips]

It could be another wild day today. Fasten your seat belts.

"Stock Gyrations May Roil Trading as 80 Million Options Expire"

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJLOKIXVMfrc&refer=home

[statepkt]

Futures deep down.....aapl still at 101, i bet its time to short it to the 90's again

[john_for_u80]

Market got back up near yesterday's close. I sold RIMM at 59.50

I am looking to add small U.Shorts as market moves higher.

$SPX is forming a Wedge which I think will break on the downside.

I am not doing anything for now. I think $SPX can push to 972 area. Not sure right now :)

Longs keep your stops and shorts wait for the confirmation. Market still in very short term uptrend since yesterday!

[BuyOnDips]

I should have loaded up on INFA at the open for a quick trade, but I had to take my puppy out for a walk. I might start taking a small, long term position in GILD when it pulls back. It still might be too early to establish long term positions, but there are so many stocks that look cheap. Be careful out there.

[Bolimomo]

I should have loaded up on INFA at the open for a quick trade, but I had to take my puppy out for a walk.


You need to set your priority straight, man! :) Traders make things happened, not excuses. I used to get in some positions and then go out to have some McDonald's breakfast and coffee. Only to find out that these breakfasts costed me hundreds of dollars because I was not in front of the screen to manage my trades. Never again... :)

I know I am not watching my screen right now as I am typing. But this morning's market action is boring. What happens to the option expiration effect? Maybe when we get closer to the end of the day. SPY was bearish at the opening but now inching bitsy higher.

[NEWinv]

Interesting day? Surely beat out yesterdays lagfest, light on volume, not much action, at all!

However, today was much more fun. I nice ride on the dxd, and dia for about 2points each way. I think tomorrow will be another down day maybe a big crapper. Will wait and see...thinking the DUG, DXD and RSW.


if

[Bolimomo]

..... I think tomorrow will be another down day maybe a big crapper. Will wait and see...thinking the DUG, DXD and RSW.


The market was way up in after hour though thanks to AAPL. So tomorrow's opening would be a gap-up first. Will it crap from there? I don't know. I only do a 5-minute forecast. :D :D

[NEWinv]

if the truth is that technicals aren't saying much right now...okay, but that chart for aapl and goog doesnt look good.

I'm going to go out on a limb here-never traded either-and say that this thing craps down after the gap opening. Next stop 86?

[john_for_u80]

Want to see S&P go up near 1000 or above the triangle uptrend line(1025 area) where I will be very comfortable to load U.Shorts back.

I think market directly craps down or go higher and then crap, later is very comfortable to load the position!

Stocks I only love in this market are SDS, SRS, DXD, FXP, SKF. Entering them at the right time is the key!

When market turns bullish short term then: SSO, QLD, RIMM, AAPL!

[tightmorena]

What about BBDA?

[NEWinv]

What about BBDA?


That stock is ultra micro cap to play with...

I'd prefer socks that trade above $10.00

you would be able to find stocks that trade $2.00 or higher that have some great movement with much higher volume. I think others on the board would agree.